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Blockchain Class: A Non-Technical Introduction to Blockchain Basics

Blockchain class: a non-technical introduction to blockchain basics

Blockchain Class: A Non-Technical Introduction to Blockchain Basics
This class is for curious business leaders as well as people who are in business support functions. We invite finance, technology, supply chain, manufacturing professionals to evaluate this course. You will learn the basics of blockchain technology. No mathematical formulas, program code, or computer science jargon are used. No previous knowledge in computer science, mathematics, programming, or cryptography is required. Terminology is explained through pictures, analogies, and metaphors. This class bridges the gap that exists between purely technical programs about the blockchain and purely business-focused courses. It does so by explaining both the technical concepts that make up the blockchain and their role in business-relevant applications. What You'll Learn What the blockchain is Why it is needed and what problem it solves Why there is so much excitement about the blockchain and its potential Major components and their purpose How various components of the blockchain work and interact Limitations, why they exist, and what has been done to overcome them Major application scenarios The class provides an overview of the blockchain: how transactions are stored on the blockchain, how mining works through consensus, the differences between permissioned and permissionless blockchains and why these differences are important. We'll also explain current use cases and opportunities this technology provides in terms of include smart contracts, payment rails, immutable ledger, proof of ownership, remittances and micro-transactions. It also discusses alternatives to bitcoin and the bitcoin blockchain. This class provides attendees with an insight into the future of this technology in terms of innovation and disruption of existing traditional systems and processes Class offered by: BlockchainXperts
starting on 2018-06-28 17:30:00

Address:
Bertucci’s – Reading
45 Walkers Brook Drive
01867 Reading
United StatesBenoit Sillard, CCM Benchmarck
Colloque "Moyens de paiement", Bercy
1er décembre 2014
www.rencontres-competitivite-numerique.com/moyens-de-paie…
By Pierre Metivier on 2014-12-01 09:19:19
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WeTrust Launches Lending Circles (ROSCA) Platform, Offers Opportunity to Participate in On-Going Crowdsale

Ethereum blockchain platform WeTrust has announced its very first Trusting Lending Circles product and Trustcoin crowdsale. WeTrust is a reciprocal aid platform that leverages smart contracts to enable all to create a ROSCA (Rotating Savings and Credit Association) within a trusted group dynamic to assist each other.


Trusted Lending Circles will be the first in a long line up of WeTrust products marketed for imminent release. The new product will apply the idea of ROSCA on Ethereum blockchain to create a transparent, trusted group or a closed community oriented investment and reciprocal aid system. Trusted Lending Circles presently supports ROSCAs set up by a small, tight-knit group of family members and close friends. In addition to TLC, WeTrust also has other products and features on the horizon, such as Large scale ROSCAs, trusted direct lending/borrowing and mutual insurance.

The Trusted Lending Circles is open to anyone who wishes to create or join a ROSCA. A group of trusted participants agree to contribute a specific amount at timed intervals, based on a mutually confirmed framework for distribution amongst the participating associates in a way that is democratically agreeable.

The total collected contribution is later allocated in a reverse auction in which the lowest the lowest bidder is offered the bidding amount, and the remainder is distributed amongst the remaining participants. The Ethereum Blockchain records every ROSCA related transaction as smart contracts underpin the bidding process to ensure transparency and eliminate the requirement for a trusted third party.

WeTrust logo

The WeTrust pilot is momentarily restricted to the cryptocurrency community, but once a precedent is set for blockchain-based ROSCAs, the platform will then extend to other communities through the integration of stablecoins for those who are comfortable with the use of fiat currencies.

The WeTrust currency Trustcoin (TRST) crowdsale started on March 2, 2017, and will continue for six weeks. Of the 100 million tokens, 80 million will be allocated to the participants, and the remaining 20 million will be reserved for the founding team, advisors and bounty programs. Founding team and advisors will receive 10 million TRST over two years, the organization Finclusion Labs responsible for building the platform will receive 8 million TRST, leaving 2 million for various bounty programs.

Participating crowdsale investors can buy Trustcoin with both bitcoin and Ether. Those investing early on become eligible for bonuses offered for early bird investors. The platform offered the first-day bonus of 30%, after which it has been set to decrease as the sale continues.

All Trustcoin token sale participants receive their tokens upon crowdsale completion, after which it can be used for services performed by WeTrust and other service providers within the WeTrust ecosystem.


Images courtesy of WeTrust, AdobeStock

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