Top 3 Companies Using Blockchain Technology

Blockchain technology is a brainchild of a person (or group of people) named Satoshi Nakamoto. The technology was introduced to the world in 2009. In just ten years, the technology has shown massive potential for revolutionizing the global business scenario. From our daily lives to governmental operations, blockchain technology has transformed every niche and sector. 

What makes Blockchain Technology so special?

Blockchain technology is emerging as a solution for a number of modern day problems. This is because of the special features that come with this technology. Some of its core features include complete transparency and its property of being immutable. With these qualities in hand, blockchain becomes a hero for the business world. 

However, blockchain technology has also revolutionized other industries like healthcare and law. Today there are more than 80 companies using blockchain. These corporations have gained a faster pace by using blockchain solution. Moreover, the World Economic Forum predicts that blockchain platforms will reserve almost 10% of global GDP within the upcoming decade.

How is the blockchain utilization measured for a company? 

From small businesses to large corporations like IBM come under companies using blockchain. To help calculate how progressively a company is using blockchain solution, Reality Shares came up with a proprietary Blockchain Score. It uses seven quality factors which represent the most important metrics for identification of company’s blockchain potential. The higher this Blockchain Score goes, the higher a company’s blockchain potential. 

Here are the top 3 companies using blockchain solution: 

IBM: Blockchain Score, 92

The leader of this race is IBM with highest blockchain score of 92. In an overall view, IBM comes out as one of the leaders in blockchain technology development. The corporation has been a technological pioneer since the year 1911 and has continuously developed and improved the technical sector. IBM uses blockchain-as-a-service (BaaS) in various aspects. At the present time, the Blockchain solutions of IBM are powered by a team of almost 1500 experts.

Alibaba Group: Blockchain Score, 77

Standing on the second position of this race is the Alibaba Group which has a Blockchain Score of 77. The firm is well recognized as the largest Chinese e-commerce and technology organization. In total, Alibaba has set the path of blockchain ablaze with 90 patents by September 2018. Alibaba Group comes up as one of the leading companies using blockchain solutions. As proof, its subsidiary, Lynx International has implemented blockchain in its logistics department in a successful manner.

Fujitsu: Blockchain Score, 74

With the Blockchain Score of 74, our number three is Fujitsu. It is a Japanese technology firm which is the 7th largest IT service provider. Recently the company inaugurated a special Blockchain Innovation Center in Brussels, Belgium. 

These are just top 3 companies using blockchain solution. The list goes long and is growing day by day. Companies like MasterCard and ING Groep are also pacing fast in the race. These companies are not only accepting the revolutionizing Blockchain Technology but are also fueling its development and advancement. 

Digital Coins and Blockchain Technology in India

People in India seem to be drawn towards cryptocurrencies, even though the government tried to curb the growth of the digital currency market. The year 2017 has particularly been crucial for the growth of digital currencies because of the increase in the price of Bitcoin; the leading cryptocurrency in the world.

On November 8, 2016, the Prime Minister of India announced a demonetization policy. It was declared that the move was made to stop the circulation of black money and to reduce the level of inflation in the country’s economy. Demonetization sent shockwaves all across the country. People with large amounts of money needed a new way of holding wealth without having to pay taxes.

The usual level of prices of cryptocurrencies in India is on the high side. Market rates are higher than 5-10% if compared globally. Absence of large scale mining facilities is listed as a reason for higher prices in markets as liquidity is affected by lack of supply.

RBI warned people not to buy cryptocurrencies and issued two warnings in 2017. DAFBI, the largest crypto organization back in 2017, asked for legalization of the digital currencies. The organization could gather only 15,000 signatures, in a country with a population of nearly 1.2 billion.

  • In March 2017, ASSOCHAM, a leading association held a global summit on Bitcoin and blockchain technology where Bitcoin was described as the “revolution in the field of supply chain finance”.
  • Later in May, the demand of bitcoin suddenly increased so much that the exchanges had to restrict the purchases due to lack of supply.
  • June saw ZebPay becoming the 7th most popular app in the finance sector on India’s Apple app store.
  • Towards October, major Exchanges reported 20000 new users every month.
  • 2017 also gave rise to two new exchanges – BitIndia and Coinome

Blockchain technology has also been gaining popularity.

  • In February, State Bank of India took an initiative called “Bankchain”. Using blockchain technology Bankchain could share data with all the banks of India.  
  • Also, in May 2017, Bankchain introduced services to share KYC data across banks. Later the bank launched a blockchain-based KYC system for verification purposes. Other major Banks of India like ICICI, Axis Bank & Yes Bank also started the use of blockchain technology.
  • 2017 ended with the launch of a Blockchain Foundation of India and major cryptocurrency players like CoinSecure, Bitxoxo shaking hands with industry leaders like Microsoft, Nokia and Government of India.  

To summarize, there was a good response to bitcoin and cryptocurrencies in India, even though the Government constantly issued warnings. The Government has not banned the digital currencies permanently but has scheduled a hearing on Sept 11, 2018 which will probably decide the fate of cryptocurrencies in India. As of now, cryptocurrencies are neither legal nor illegal in India.

Panaesha Capital is a Singapore-based Fintech company with branches in 7 countries; one of them being India. Panaesha Capital provides tools and services aimed at the booming industry of blockchain technology and cryptocurrencies. The Indian government was quick to accept blockchain technology, but wary of cryptocurrencies. Hopefully, the hearing on September 11th will change the game.

Structuring Innovation In a Disruptive Ecosystem

In an era of tech innovations that are driving markets, creating new ones and pushing the boundaries past what was considered possible, how do we make sure that we’re innovating the right products and platforms. Moreover, how do we create frameworks and supporting processes to ensure continuous innovation, and constant improvement of these products and platforms.

The right questions lead to the right innovations

Sometimes, innovation is usually ascribed to a Eureka moment, which is mistakenly understood as a moment when a brilliant idea suddenly presents itself to you. But let’s stop for minute and figure out what Eureka really means. This concept of a ‘Eureka’ moment is ascribed to the story of the Greek Scientist Archimedes. Archimedes had been working on a problem that had been given to him the King, which was to find out how much Gold was really in his crown. He was so deep in thought, that when he went to take a bath, upon sliding into the bathtub, a large amount of water was displaced because the bathtub was already full to the brim. The answer to the problem hit Archimedes like a freight train.

The takeaway here is that Archimedes was looking for the answer to a question. The word greek word ‘Eureka’ itself translates to ‘I’ve found it.’ Point being, you can only find something when you look for it. Are we asking the right questions of the industry? In order to innovate a product or platform that creates value, we need to be asking the right questions. Everyone is talking about disruption, which is a good thing, but somehow the word implies that disruptive technologies are sudden, and come without warning.

Innovation is a process, not an event

Innovation cannot be a an event, but has to be a process, if we want to create an atmosphere of constant improvement. The process begins, of course, with asking the right questions, identifying the need that exists in a market, and then developing an idea that is an answer to that problem. That’s just the beginning of the process, though. What comes next is the long drawn step of engineering the idea in the best possible way.

Contrary to popular belief, the incandescent light bulb was not invented by Thomas Edison. In facet, historians claim that there were about twenty other innovators that had been working on creating a light bulb. Edison happened to create the perfect design after not only learning from their mistakes, but after going through many designs himself. One of the most famous Edison quotes reads ‘I have not failed. I’ve just found 10,000 ways that won’t work’.  Engineering a platform that has value takes time and multiple iterations.

Innovation without diversity results in monochrome ideas

When there’s only one demographic or group of people working on a project, there are a lot of aspects that get missed out on. A product or idea needs to be looked at from different perspectives, because what one person misses, the other might catch. It’s even more important that there’s diversity in a team working on a single product. Team members should ideally have different skill sets they bring to the table, so that the product or project is well – developed and well – executed.

A team that does not have diversity compromises on the uniqueness and potential of their product. The lack of an interdisciplinary approach to innovation is almost like a monochrome rainbow.

Innovative ideas and product need supporting innovation

Further, Innovative ideas cannot usually be executed on their own. They require supporting technology, platforms, talent and partners to be executed successfully. Moreover, innovative products that create a disruption in any industry require new business models to function. You can’t put new wine into an old wineskin – essentially, trying to execute new products with an old business model will only diminish the potential that product has. You definitely don’t want to cripple yourself while trying to compete in the innovation race.

Innovation is disruptive, and that’s good. But innovation can, and should be structured.
Panaesha Capital is a Singapore based Fintech firm and has multiple products spanning the blockchain, cryptocurrency and investment industry. Learn more about Panaesha Capital at www.panaeshacapital.com.

5 Frequently Used Terms in the Crypto-Community Explained

The booming community of digital assets is still new to the masses. Here are 5 terms that are most frequently used in the crypto-community:

Cryptocurrency

Cryptocurrency is also known as digital currency or virtual tokens. As the term suggests, the currency is a cryptographically encoded digital asset that is supported by blockchain technology. A network of computers is used to track and monitor cryptocurrency transactions; the network is distributed as opposed to being centralized like fiat currencies. Cryptocurrencies have no physical form and their presence is entirely digital.

Blockchain technology

Blockchain technology is an online ledger. The technology uses peer-to-peer networking of computers to keep track of the open digital ledger. The transactions on the ledger are verified and validated by the network of computers rather than by a central entity. A consensus based validation occurs each time a block of value is added to the network.

Cryptocurrency Mining

Though the process is not mining in a literal sense, cryptocurrency mining indicates the process of validating transactions on the shared ledger and reaping reward coins for the process. Miners work on the public ledger to decrypt hash codes used to secure blockchain technology. By decrypting the codes, a new transaction is added to the chain of transactions and the miners gain a percentage of the digital currency. The transactions can be viewed by every entity on the shared network.

Digital Wallets

Digital wallets are online storage capsules used to hold a user’s cryptocurrencies. The digital wallets can be accesses from mobile devices or computers and, in the case of cryptocurrencies, are secured through blockchain technology. In order to send digital currencies from one wallet to another, a user can scan or copy an address from another user’s wallet and just fill in the amount to be transferred.  Digital wallets are also useful to exchange cryptocurrencies for other cryptocurrencies and many of the wallets can hold multiple currencies.

Crypto-Exchange

A crypto-exchange is an online crypto-trade platform where cryptocurrencies can be exchanged for other cryptocurrencies or traded for fiat currencies. These exchanges are similar to stock-exchanges and can be either centralized or decentralized. Read more about different types of cryptocurrency exchanges.

Panaesha Capital is a fintech firm formed in September of 2017 and offers products in the cryptocurrency and blockchain technology sphere. Feelium is a cryptocurrency from Panaesha Capital which offers multiple utility features. Panaesha Capital will also launch a crypto-exchange, PCEX, in Quarter 3 of 2018 where both crypto-to-crypto and crypto-to-fiat transactions are possible. Learn more about Panaesha Capital’s other products and services at www.panaeshacapital.com.

Panaesha Capital’s Feelium Coin is a steal for the current price; 1 USD!

ICO’s provide a way for start-ups to bypass the long and harrowing capital-raising process. Usually, ICO’s are marketed before the product is functional; Feelium, however, is one step ahead.

Panaesha Capital PVT. LTD. launched the Feelium pre-ICO sale, and has raised more than 3.86 million already. Feelium is reliable because the website and a few useful features are already in place. Feelium’s wallet to wallet transfer can be used even now to transfer Feelium tokens to other users.

Feelium will be listed in Q3 of 2018; investors will be able to get fast returns rather than having to wait for years before product launch, as in usual investment scenarios.

Feelium offers utility features in the form of contracting services. Feelium tokens can be used to facilitate smart contracts and escrow services on the Feelium platform. The platform contains several smart contract templates which can be customized by each user according to their need. No matter the transaction be big or small, Feelium smart contracts will carry out the terms of the contract.

Smart contracts are self-regulating digital documents which run on a code. Two parties come together to form a smart contract. If the terms of the contract are fulfilled, the transaction will occur; if the terms are defaulted on, funds in the smart contract will go back to the primary user. In this manner, Feelium smart contracts are fool-proof services.

Feelium escrow accounts, on the other hand, are optional and involve a minor transaction fee. The buying party will add Feelium tokens to the escrow account and use a smart contract to list the terms of the contract involved. Once both parties are on board, the fund is locked in the escrow account. When the selling party follows procedure and uploads proof of work, the fund will be released to the seller. The escrow account functions as a digital third party between the buyer and seller.

Feelium’s inherent value is raised because of the above features and will result in a high trade-value in the crypto-market when listed. The current value of Feelium is just 1 USD per token. Invest now in the digital asset and receive several times the initial investment when listed! Explore www.feelium.co for more info.

Panaesha Capital Will Launch PCEX, A Crypto Exchange Platform For All Investors

PCEX, the cryptoexchange by Panaesha Capital, is launching in June 2018. Through PCEX, traders can exchange Feelium for other cryptocurrencies or for fiat money and the exchange functions as an additional platform to purchase Feelium tokens. PCEX uses a broker channel similar to the ones on stock exchanges and this channel adds a layer of security for traders. Furthermore, the traders are required to complete a KYC procedure in order to be allowed to trade on PCEX. The above safety procedures employed by PCEX will protect the users from any of the illegal activities usually faced by cryptocurrency exchanges.

A cryptoexchange is very similar to an online stock exchange portal albeit with a few advantages. The user enters the exchange portal, presents a trade order, and the exchange will match the order with other similar trade orders. The user can either purchase the listed cryptocurrencies on the exchange using fiat currency or trade one cryptocurrency for another. Traders can also sell the cryptocurrencies they own for fiat money.

Cryptoexchanges are easier to use than regular stock exchanges. On cryptoexchanges, users can buy a fraction of the cryptocurrency for whatever amount they wish to invest. Small investors are greatly benefited by this flexibility and it’s easier to create balanced portfolios this way. Traditional exchanges only allow the purchase of stock in whole numbers and you need to purchase a minimum of one stock to trade. Small investors may find this hard. Also, cryptoexchanges like PCEX function 24X7 while traditional exchanges are limited by market hours.

Exchanges like PCEX allow buying and selling instantly. With high transparency, every user can view the depth of trade on the platform and decide his/her order based on the current value. Most traders go through a third party, like PCEX, to facilitate the exchange. The platform charges a minor transaction fee for its services. On PCEX, you can also sign up for a wallet to store funds and positions.

The role of cryptoexchanges like PCEX is to reduce the technicalities involved in trading and to ensure high liquidity. High liquidity indicates the extent to which the market allows the buying and selling of products. In other words, the higher the liquidity of a platform, the faster assets get sold at a stable price.

As a fast and secure network, PCEX will help traders manage their financial wealth easily.

Follow us to stay in the loop about updates for PCEX, Feelium, and other products.

Panaesha Capital: One stop for all your business needs.

“The secret of change is to focus all of your energy, not on fighting the old, but building the new one.” – Socrates

Panaesha Capital is focused on broadening the boundaries of investment possibilities through blockchain technology. We believe that the future is here and that blockchain technology is its tool. Panaesha Capital will inspire users and regulators to recognize blockchain technology as the new reality.  Our products are refined for today’s market accordingly.

Panaesha Capital was formed in mid-2017 by a team of expert professionals. We develop products like blockchain technology for the financial technology industry and also offer other white label solutions.

Panaesha Capital caters PR and marketing services to upcoming businesses and products through analytical services, as well as our broad global network and reach. Panaesha Capital can provide companies and startups the boost that will take your business to the next level.

As a recently developed business ourselves, we at Panaesha Capital understand clients needs, and save them from an experimenting stage – we’ve experimented, so we can help you better.

Our Products

Feelium

Feelium is a tokenized decentralized blockchain technology platform that will provide smart contracts and escrow services in return for Feelium tokens. Feelium uses blockchain technology to make contractual transactions simple, fast and secure.

PCEX – Panaesha Capital Exchange

PCEX is a crypto exchange developed by Panaesha Capital for the trade of digital currencies or fiat money. Users can also buy Feelium tokens on PCEX. The platform requires traders to complete a KYC procedure in order to be allowed to trade on it, and PCEX uses a broker channel for additional security and man – to – man customer service.

Fintech Crypto News

Fintechcryptonews is an unbiased online media publication for the public to access. The channel displays the latest in the fintech and cryptocurrency market. Other businesses can also use the channel to publicize their products and services. Fintech crypto news posts reviews on latest ICO’s and cryptocurrencies, and also recognizes guest bloggers and experts in the field. You can reach your target audience faster through this news channel by Panaesha Capital.

Whitelabel solutions

Panaesha Capital hopes to offer its exchange to other businesses as a whitelabel product. The businesses can then customize the platform for their own needs. This whitelabel solution will help reduce time and resources required for software development attached to a product launch.

Panaesha Capital provides the following services to its clients:

Business strategy – Plan your market reach and gain more customers through our business strategy planning.

Marketing and communication – Use our services to develop ICO’s and other fintech products. We will also help you frame your product and gain recognition.

PR – We will help portray your product in the perfect light for audiences to welcome it.

Whitepaper – We will help you build and develop your whitepaper to project your business model in a professional way.

Advanced analytics – To minimize errors in your business, Panaesha Capital advanced analytics will predict and forecast the future of your product.

Competition analysis and SWOT – We will help you create superior products through our completion analysis and SWOT services. Learn how to beat your completion here!

Panaesha Capital is a futuristic, one-stop platform for all your business needs. Come explore your business possibilities at www.panaeshacapital.com.