, a blockchain start-up that is building infrastructure for a new decentralized sharing economy, has announced that it is forming a technology partnership with , a company that provides encryption technology to decentralized applications. In the future, sharing economy companies building on the Origin Protocol platform will have access to NuCypher data re-encryption technology, which is described as ‘HTTPS for Dapps’ and will allow for more complicated applications to be built completely decentralized.
Data security is a top concern at the moment as data silos have been shown to be compromised, resulting in massive leaks of private information or the manipulation of personal data to influence the outcome of political events. Many large companies worldwide have created their business empires from their ability to collect, silo, and analyse huge amounts of customer data. The subsequent monopolisation has creates a single point of failure for data security, in addition to unfair practices that take advantage of consumers such as price and market manipulation.
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Traditional Australian investors have gotten a new alternative for investing in the bitcoin and cryptocurrency markets. A publicly listed firm has launched a fund focusing on the field. Additionally, Digitalx has created a new educational video platform about cryptocurrency.
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Digitalx Investments
Digitalx Ltd (ASX: DCC), has launched a new crypto-assets investment fund that will focus primarily on leading cryptocurrencies while allowing diversification with regulated ICO tokens, crypto derivatives, fiat, and managed schemes. Ellerston Capital veteran Tim Davies has been appointed as portfolio manager.
To create the fund, DigitalX pitched in $750,000 from its bitcoin and ethereum holdings, and will hold a 73% stake as the investment advisor. It seems that investors were quite happy with the new direction Digitalx has taken, as in response to the news the company’s share price jumped as high as 27% during trading on Tuesday at ASX (Australian Securities Exchange).
“We believe cryptocurrencies are under-researched by mainstream asset managers and there is an opportunity to leverage our expertise in Blockchain technology and crypto-asset investment to create value for our clients,” DigitalX managing director Leigh Travers .
Crypto Education
In addition to the new fund, Digitalx also announced that it is entering the crypto education scene. The company has partnered with digital media provider Multiplier to create two upcoming websites, Multipliercrypto.com and Coin.org, to teach the Australian public about cryptocurrencies and the technology behind them. These are said to offer video mini tutorials on crypto-assets delivered by industry experts to help newcomers learn with ease.
“These sites will be a platform to educate new investors from around the world about the opportunities and risks of crypto-assets, including cryptocurrencies and ICOs, including being a resource for updated regulatory information as it continues to develop,” Travers said. “The value of cryptocurrency digital real estate is expected to grow significantly with recent news from the world’s largest technology companies Google, Twitter and Facebook to limit cryptocurrency advertising,” he added.
Are cryptocurrency funds a good way for equity investors to get into the bitcoin ecosystem? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
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