Waves Enterprise is in the wake of announcing a major upgrade in its network.

The new Version 1.0 is about to undergo a complete evolution with improvements to the platform. The version is particularly designed for use by enterprises and the public sector. The release will inhabit smart containerized contracts with better performance, advanced tools along with an enhanced API.

By 2021, 90% of current enterprise blockchain platform implementations will require replacement within 18 months to remain competitive, secure and avoid obsolescence, according to Gartner. Our solution will be relevant for many years to come. The release features containerized smart contracts improved performance, new tools, and an upgraded API. Besides, we have focused on security for the existing protocol. In speed, our solution now surpasses all available corporate solutions in the market,

– says Artem Kalikhov, CPO of Waves Enterprise.

The project, with its inception in 2019, was specialized in offering a global blockchain solution suitable for large firms, businesses as well as for the public sector.

The platform that was launched earlier was designed to cater to the needs of enterprise blockchain firms. It featured a high-end network that came with private as well as hybrid blockchains, several encryption modules, and smart contracts composed in any of the prominent programming languages.

New Features:

The new updates have some key features in the highlight with a significant functionality for the enterprise customers:

New Authorization Service

There is a new authorization service incorporated into the system to attain enterprise-grade security with version 2.0 specification. Earlier, the Waves Enterprise API had been publicly functional, but now the customers are required to sign in before making use of the API. This step is particularly taken to increase security.

The platform now has support for more than one account, for instance, different blockchain addresses with a single login password. The admin of the Node is now handed over the control keys included with the Keystore from the client app.

Feature to Update Containerized Contracts

The new update also enables seamless updation of the contracts, without inflicting unsolicited problems. It is ensured by maintaining the utmost security in the state.

The Versions are subjected to automatic updates, and hence eliminates any hope for the fraudulent activists.

It also has improved PoA and PoS stability consensus algorithms.

Enhanced Blockchain Speed

There is stability for 2 cores, 8 GB RAM nodes in the new update. There is a 2MB block created by the network within 12 seconds. It enables 10,000 transactions in a single block and micro blocks within 500 milliseconds.

The update also features a bandwidth of 8 Mbit/s or 1MB/s on an enterprise blockchain network. This Bandwidth is expandable to 2 MB/s.

Waves Enterprise enables you to enforce business processes like workflow, supply chain management, procurement systems, etc. over a trustworthy blockchain infrastructure. And that is what it intends to do with its brand new update. The update will supposedly draw significant attention from large as well as mid-scale companies.

CoinMarketCap, which records the highest traffic among sites giving information about cryptocurrency prices, has formed a strategic partnership with Yahoo Finance, the financial news website of Verizon Media.

Yahoo Finance’s cryptocurrency data page will source cryptocurrency pricing, indices as well as educational content from CoinMarketCap.

CoinMarketCap indices Crypto 200 and Crypto 200 ex will be displayed on Yahoo Finance. These indices incorporate pricing from over 200 cryptocurrency exchanges worldwide and list cryptocurrencies that together have more than 90% global cryptocurrency market capitalization. Crypto 200 includes Bitcoin, while Crypto 200 ex excludes it. These indices give users an indication of global trends in the cryptocurrency market.

CoinMarketCap’s newsletter and blogs will be displayed on Yahoo Finance’s cryptocurrency screener landing page, which displays information about pricing, the transaction volume of different cryptocurrencies, as well as on individual cryptocurrency pages. CoinMarketCap will post more educational videos related to cryptocurrency and make them available on Yahoo Finance. Educational videos can be very helpful as users are more like to watch a 10-minute video on cryptocurrency than read a 700-word article on it.

The educational content on cryptocurrency can attract people from fields other than finance. Yahoo Finance will expose a greater audience to cryptocurrency.

Joanna Lambert, General Manager of Finance, Tech, Autos, and Membership, Verizon Media, said,

“By partnering with CoinMarketCap, we can provide timely and reliable crypto information to meet our audience demand.”

Carylyne Chan, Chief Strategy Officer at CoinMarketCap, expressed optimism that their partnership with a trusted financial and business news and data site like Yahoo Finance will increase the adoption of cryptocurrency among the masses.

CoinMarketCap recently introduced liquidity-based metrics for ranking market-pairs to weed out any exchange gaming the system. It is also planning to release a new pricing algorithm soon.

Hitpay, the leader in providing crypto solutions is planning to take the crypto industry by storm with its full-fledged crypto wallet that has support for multiple currencies.

It aims to help people in optimal leveraging of the benefits of cryptocurrencies with this multi-currency innovation soon to be onboard.

The solution is designed keeping in mind the modern digital needs of the users and hence lets them store and gauge a number of different currencies a user owns in a secure, exclusive, and smart way.

The release will improve the user’s accessibility and its expanse in the arena of the crypto world, letting them garner the massive capabilities of cryptocurrencies.  The unique artificial intelligence mechanism will strengthen a user’s grip and control in the payment market. HitPay has a unique AI bot known as HitMan AI that does random trading, making profits for users.

Cryptocurrency ever since its inception, has taken various evolution paths contributing exponentially to every nation’s economy and finance. But let’s face it, the road was and is still full of unbridled challenges ranging from security to governance.

One of these hurdles is the ability to handle multiple currencies on a single platform efficiently without hassle.

A number of solutions and recommendations had been made in this regard, but none of them could stand up to the needs of the customers. HitPay has managed to resolve this one aspect of cryptocurrencies with its multi-currency management feature to a great extent.

The wallet can be used by every category of users, including the ones using cryptocurrencies in their transactions or are simply owning the cryptocurrencies.

HitPay wallet is incorporated with support from different cryptocurrencies like Bitcoin, Litecoin, Bitcoin Cash, Ethereum and more. This has let the transaction take place faster quicker and much safer. The wallet also enables users to exchange, send, or receive cryptocurrencies instantly in a single user account while adhering to the nature of the blockchain technology that is of utmost privacy, security, and anonymity.

This is not it. HitPay features some more unique benefits like free accounts with multi-cryptocurrency support accessible all the time from any corner of the world and on any modern devices like web and mobile apps.

The HitPay also has an extensively secured and strong service in-demand that lets customers minimize the efforts they spend on governing their crypto assets. It makes the usage transparent and hence, much more reliable and user-friendly.

The verdict clearly be stated as, the platform is simply great for people inquisitive about cryptocurrency trading and investments.

Dubai’s Driven Properties has come up with a new solution that will make it easier for customers to pay for properties. The company announced that it is now going to accept payments in Bitcoin from customers. Driven Properties noted that when it comes to making large transactions through a bank transfer or a credit card, confidentiality becomes a major issue with many customers. However, payments through Bitcoin will allow customers to make payments quickly and also protect their personal information.

It is a radical new approach from Driven Properties, and it remains to be seen if it proves to be successful. There is very little support for cryptocurrencies in Dubai, and hence, people have found it difficult to rent or purchase properties using cryptocurrencies. In addition to that, there are other issues to consider. The delays associated with crediting money into the account, the transaction fees charged by the banks, and lack of privacy are some of the biggest problems for many buyers. A Bitcoin transaction, on the other hand, does not suffer from these problems. Additionally, travelers to Dubai can also use this service from Driven Properties and protect their privacy during their stay.

Driven Properties’ CEO spoke about the rationale behind the move. He said,

In the Dubai real estate market, digital currency such as bitcoin is yet to hit the mainstream as a payment method. Therefore, we have decided to include cryptocurrencies to allow everyone to pay for real estate property without having to consult his or her bank or call any accounting officer.

Driven Properties is involved with some of the best-known luxury properties in Dubai, and the emergence of this payment method gives everyone a chance to rent or buy these properties.

It will be a particularly useful payment method for the traveler and foreign nationals who stay in Dubai on business for a few months. A property agent spoke about this development as well and seemed to welcome the move from Driven Properties. He said,

They are volatile digital currencies with the price variation determined by users and miners. Adding to that, transactions in cryptocurrency are quick, simple, and attract fewer charges. Therefore, we have decided to support bitcoin as a payment method.

Recently, PayPal has invested $6 billion and purchased Honey, an e-commerce browser plugin from Honey Science Corporation.

Honey is an excellent extension to the browsers that notify all the deals to the shoppers, such as coupon codes on various products in different e-commerce websites like Amazon. The plugin helps in tracking the prices of the products, and after comparing it, a shopper gets sales alerts and price history charts. Honey Gold is a rewards program in this plugin.

According to the reports, there are 17 monthly active users of Honey extension and now, PayPal and 300 million users of its subsidiary Venmo have connected with it by investing a large amount of $6 billion. Honey is used as a plugin on 30,000 e-commerce sites by 17 million shoppers.

PayPal is aiming to use the data of Honey on the shoppers to crack the deal and compete with other payment providers like ApplePay, etc. With the integration of Honey, it will help PayPal and its network of 24 million users.

The CEO of PayPal, Dan Schulman, said that in the entire history of PayPal, it is the most significant decision to acquire Honey. There are many services provided by Honey to make the consumer shopping experience easy in an affordable and rewarding way. The integration of the extension will add more value to their platform.

It is profitable to have Honey as it had revenue of $147 million in 2018, with $47 million of funding. It is one of the leading tech acquisitions of 2019 in the market as it is providing high value to other businesses as well.

PayPal is growing rapidly that the CEO, Schulman, pointed towards the better-than-expected Q3 2019 numbers and spend a lot of amounts to weaken the recession thing by its customers.

After considering the problems like Brexit, impeachment proceedings against Donald Trump, and the trade war between the US and China, Schulman said that there are many ways to break them. He continued that they are looking for strong secular growth as per their perspective. According to the people, they have been expecting a recession for some time, but they are predicting such things. According to the journal, 64% of economists polled for the Economic Forecasting Survey that is expecting a recession by 2021.

Recently, PayPal also bailed Libra digital currency by Facebook and made a statement that if finance regulators and legislators across the world allow a consortium of Facebook to create a planet-spanning payment network, then it will destabilize the financial system of the world.

Bank Mandiri, one of the largest Indonesian banks, has launched a new Customs Management service in collaboration with Wirecard. The service is a payment integration with the Indonesian DJBC, the Directorate General for Customs and Excise. It is anticipated to help corporate users execute customs and excise transactions.

The service is accessible to the Banks’ 27,000 corporate customers enabling them to streamline Customs and Excise payments.

SVP Government and Institutions at Bank Mandiri, Dadang Ramadhan said that,

“In addition to providing the best possible financial services to our customers, we are committed to supporting Customs and Excise by meeting the financial needs of the Directorate General. 53% of customs and excise payments are already carried out through our MCM channel. Through our cooperation with Wirecard, we expect to further increase the overall use of MCM.” 

The new service around Custom management incorporated inside the Mandiri Cash Management solution is supported by Wirecard technology and provided to all the active corporate customers of Bank Mandiri. The solution lets the users carry out a number of different errands besides transactions like liquidity supervision, web foreign exchange, etc. It caters to the value chain of a full-fledged cash management service in a simple and customizable user interface.

This new setting can be rightly considered a result of DJBC integration with the bank on open APIs. It enables corporate users to look up for DJBC invoices, validate their billing stature and transact everything in a single cycle.

It will not only enable users to have access to real-time information about their accounts but also avoid redundant payments and expedite transaction time and enhance the efficiency of the transaction process.

Oliver Quadt, Managing Director Indonesia & VP Business Integration Asia at Wirecard, added,

“We are proud to support Bank Mandiri, one of the largest financial institutions in Indonesia, in their digital journey. We are delighted that Bank Mandiri has chosen us as their technology provider for corporate solutions, and are confident that the solutions we are providing together will continue exceeding the expectations of Bank Mandiri’s customers.“

With Bank Mandiri’s cross border expertise, Wirecard succeeded in developing an explicit solution keeping in mind the needs of Asian banks that are looking to expand their online banking operations to businesses and corporations. Wirecard already holds a reputation as a market leader in software solutions for corporate banking in Indonesia. The solution can mark a turning point for the financial situation of the bank as well as the nation as a whole.

Sixgill LLC has been reigning the data automation and authenticity products market since its inception. Now it is all set to launch a blockchain-based data authenticity solution under the name Sixgill Integrity™ 1.0. This authenticity solution is all set to fulfill the most critical data authenticity needs of the enterprises with its robust potential that can monitor the veracities of any kind of data streams.

The need for data authenticity has been manifold. The massive data processing in the Cloud network has not been free from intrusions. Therefore, the present crisis demands something that can assure data security beyond any limits and what else can provide the maximum protection from data vulnerability than blockchain technology. Sixgill experts tried to transform this vision into the reality of creating a blockchain-based data authenticity solution and this gave birth to Sixgill Integrity.

Integrity is a lot different and superior as compared to other data security offerings available. The basic difference lies in the fact that Integrity integrates DLT, which is the distributed ledger technology imbibed in the blockchain technology, with the modern distributed data system. The robust architecture of Integrity that combines the immutable properties of the private/public blockchains with the off-chain and on-chain data layers makes it possible. DLT makes it easier for Integrity to use cryptography and blockchain in authenticating the origin of the data completely. It also helps in verifying the data content and data chronology.

However, instead of using the normal blockchain technology, Sixgill chose the hybrid on-chain and off-chain architecture of blockchain technology. With such an implementation, Integrity is very hopeful about the project and as such, it believes that the organizations will be highly benefitted on aspects like security, transparency, and immutability of both the public and the private blockchain networks.