Streamity is Set to Launch the Most Powerful P2P Cryptocurrency Exchange Platform

A new P2P cryptocurrency exchange service Streamity is set to launch the most powerful P2P cryptocurrency exchange platform in the Market. This service is based on the smart contract for secure exchange.

The platform is preparing for its ICO before it starts transforming the cryptocurrency exchange scene with a list and very dynamic and efficient cryptocurrency exchange and investment services run by industry class Algorithm.

A New Exchange Service Tailored to Handle the Dynamism of the Ever-Rising Cryptocurrency Market

Cryptocurrency is evolving to be the best form of money for the 21st Century civilization, fully rich with abilities to carry out transactions securely and anonymously from any part of the world, making it the future of money. Since 2009, different forms of cryptocurrencies have emerged into the market. Some being very useful to the general users, while others have a definite specific purpose. Those with the general usage have surged in prices to unprecedented levels and have been adopted on a bigger scale. But nevertheless, every cryptocurrency is useful in the community who has a consensus on it.

The need for a solution to best harmonize the differences between the thousands of cryptocurrencies have never been answered at least not to a half of what the market demands. A series of cryptocurrency exchange platforms already exists with others attempting to incorporate a variety of cryptocurrencies under one platform as well. But a lot of flaws and unnecessary malfunctions and user dissatisfaction are being reported by users of these exchange services. Anomalies ranging from server blackouts for very long hours, causing users to lose millions of dollars to a full takeover of customer deposits by malicious hackers have recently hit a series of existing cryptocurrency exchange service providers.

Streamity is a well-thought project with some of the most prominent brains on the international cryptocurrency scene carefully knitting its algorithm one patch at a time. Streamity aims to transform the cryptocurrency exchange ecosystem and redefined the already lost glory of lightning speed transaction at the lowest cost cryptocurrency once had. Streamity at the same time will take cryptocurrency investment to the next level by implementing a community choice token, the Streamity Tokens (STM) which will also be used for all transactions within the Streamity network. The STM tokens will be available for exchange to any of the major cryptocurrency. The platform will add the major Fiat Currencies traded worldwide.

Encapsulation, Speed, and Low-Cost Minded Design

One of the most important selling points of the Streamity project is the improvement of cryptocurrency transaction propagation speed. The project has devoted a great deal of resources to develop and test its solution to this problem. The Streamity team knows what cryptocurrency users want in terms of transaction speed and has gauged the market capacity to be below consumers demand. The project has designed a record-breaking smart contracts applet – the Streamdesk aggregator – that will ensure cryptocurrency exchange to Fiat without involving intermediaries. This way transaction can be trajected without incurring any unnecessary delays and costs at any third-party intermediary like other exchanges do, this has enabled Streamity achieved lightening speed transactions.

Streamity will cover all the cryptocurrencies listed in the market and live feeds of market data for all the listed cryptos and companies will be transmitted in real time. Converting any of the cryptocurrencies listed on the platform to another would be carried out instantly, efficiently and securely on the Streamity platform.

Streamity was built to resurrect the low fee transactions capabilities cryptocurrencies were once known for. Case in point on Localbitcoin transactions which currently cannot be confirmed even for transactions amounts as high as $33 making cryptocurrency lose its meaning of enabling the propagation of low to zero fees on small transactions.

Streamity Smart Contracts Secured Transactions Beat all Hacking Attempts

Streamity has designed hack-proof, smart contracts secured transaction lane where all the transaction streamings through the platform will flow. This has been made possible firstly by incorporating the Ethereum introduced smart contract service into the transaction processing algorithm. Since smart contracts alone do not ensure complete transaction security of the transaction stream fluxing through the system, as seen from recent mistakes that saw about $300 million locked away in Ethereum smart contracts by an anonymous user unknowingly.

The Streamity developers have added yet another brilliant security feature – the timing Control.  The timing control algorithm shall allow the transaction to be added on to a smart contract within a specified period of time else canceled and reverted to the initial user. Coupled with a user verification system Streamity can achieve the next generation of transaction security on its upcoming platform.

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Ask around, and there are few people who have not heard of cryptocurrency. A few years ago, the concept was as abstract as astrophysics, but now everyone wants in on this new phenomenon. Before we delve into the intricacies of cryptocurrency and the blockchain technology that makes it all possible, it’s important to understand what it is. In its simplest form, cryptocurrency like Bitcoin offers a decentralized alternative to traditional transactions processing. The entire blockchain – the algorithmic code – that underpins the Bitcoin markets is not governed by a regulatory authority, a central bank, or any government. It is comprised of a series of decentralized nodes made up of everyone who is on the network. Such a concept has widespread applications. For starters, it provides near zero transactions costs, fees and commissions, rapid processing of transactions, no middlemen are required, and there is virtual anonymity depending on the network that is used to transfer the cryptocurrency. For poker aficionados, gambling gurus, and slots players this is a godsend.

One of the biggest problems that exist in the online gaming arena is regulation. People who are responsible by their very nature and wish to dabble in online poker games, online blackjack games, or online slots games may be prevented from doing so by state or federal regulations. In the US, the 2006 UIGEA created many obstacles for online poker 888 players and online casino players alike. On one fateful Friday – dubbed Black Friday – the world’s leading online poker rooms closed up shop after the Department of Justice and the FBI announced they would be shutting down major online poker rooms.

Did the UIGEA Facilitate the Rise of Bitcoin for Poker Players?

According to the DOJ, they were in contravention of the Federal Wire Act and were involved in money laundering activity. The problem at the time (and it remains a federal law) is that banks and financial institutions are not allowed to process transactions to online betting sites. Leading online poker operators fled the US, returning in late 2013 after the state of New Jersey opened up online gaming to its residents.

Can Bitcoin and the blockchain technology that it is fashioned off provide the necessary solution to players wanting to enjoy real-money poker games like Texas Hold’em, Omaha Hi, Razz, Caribbean Stud Poker, 7 Card Stud and others? The answer is a definitive yes. Since Bitcoin is not fiat currency, and it is not operated by banks or financial institutions – there is no reason why it cannot be accepted by online poker rooms of the major brands. By dint of its decentralized status, it is an accepted form of digital payment.

The widespread acceptance of Bitcoin in modern-day society is it saving grace. More e-commerce transactions, more online gaming sites, more business to consumer operations are now accepting digital currencies than ever before. The explosive growth of Bitcoin in Q4 2017 has brought this cryptocurrency to the attention of the masses. From under $1,000 per coin at the start of the year in January 2017, Bitcoin rallied by almost 2,000% to hit $20,000 before retreating to $15,000 per unit.

Is Bitcoin Online Gaming Going Global? 

Figures aside, the rapid rise in cryptocurrency is due to its mainstream acceptance throughout Asia and other parts of the world. The UK, EU, Australia, US, Canada, South Africa and other countries are now dabbling in Bitcoin trading, investing, and transactions processing. Bitcoin wallets and trading platforms are now pervasive and ubiquitous. Poker players were among the first to cotton on to this idea, as they believe theirs is not a gambling game – it is a strategy-based game. As such, the concept of ‘betting’ is less of a gamble than it is a punt on one’s abilities as a skillful player.

So, what are the advantages of playing poker with Bitcoin? For starters, poker players do not have to worry about regulatory authorities clamping down on their gaming activity since Bitcoin poker is not regulated by financial institutions. This confers many additional benefits on players such as freedom to play Texas Hold’em at any time. Since no fees need to be paid while transactions are being processed, online poker rooms like 888 poker and online poker players needn’t worry about these extra costs.

Another benefit of using Bitcoin for poker is the issue of inflation. Since inflation is impossible with Bitcoin – only 21 million BTC will ever be available in circulating supply, the quantity that is currently available is limited. This means that markets can never be flooded with excess BTC – only incremental amounts (fractional amounts) will be released at a decreasing pace. We already see this with huge dollar volumes of BTC trading, and low nominal volumes owing to the high price

Why have online poker rooms been slow to adopt Bitcoin?

Remember that Bitcoin was created by an entity, individual or group of people known as Satoshi Nakamoto back in 2008. When the white paper was released and Bitcoin was offered to the markets, it was worth mere fractions of a penny per unit. The currency was mined by powerful hardware and software and computer techies. As the currency gained greater traction with users, its value steadily increased and it hit a high of around $20,000 in 2017. It is possible to exchange this digital currency for goods and services, and fiat currency as well.

We have already listed several of the benefits associated with Bitcoin use for online poker games. In addition to its store of value function (a limited supply of BTC will be made available), the anonymity and safety features of Bitcoin are sacrosanct. Bitcoin poker games suffer from several problems including cryptocurrency thievery, fierce competition from other cryptocurrencies such as Ethereum, Litecoin, Ripple, Bitcoin Cash etc., and a low acceptance rate owing to its prohibitive transactions processing speed. Currently, only 7 transactions per minute can be processed by Bitcoin, while other options like Ripple can process thousands of transactions per second. Poker rooms also have to deal with the bureaucracy – the paperwork needed to maintain the books.

So, how will Bitcoin and online poker gel in the future? To put it mildly, top online poker rooms will be looking at ways of incorporating cryptocurrency in their range of accepted payment options if all the checks and balances add up. Bitcoin may not be the most efficient digital currency to use, given its slow processing times. However, poker players appear to be more interested in using their credit cards and their cold cash to fuel their strategic gameplay than pie-in-the-sky concepts like the bubble that may be Bitcoin.

Is BTC Ironclad?

gaming, bitcoin

The issue of counterfeit activity is impossible with BTC given that each Bitcoin has a unique signature (code) attached to it. Since poker aficionados are dealing with finite quantities of authentic non-fiat currency, there is no risk of fraud with the cryptocurrency being used. A caveat is in order for poker fans – the security of Bitcoin wallets and cryptocurrency data must be safeguarded at all times. And if you’re rushing to cash in on a poker tournament, you don’t need to worry about a bank wire being processed – Bitcoin transactions and other cryptocurrency options can be processed immediately. Withdrawals are a lot quicker from your online poker account as well.

Several leading poker rooms now facilitate Bitcoin (BTC) transactions processing for the many benefits that it confers upon players. Bitcoin casinos and poker rooms are rapidly growing in number, and for good reason. It is important to understand that cryptocurrency is inherently volatile, and winnings of X amount of Bitcoin can be worth significantly more or less in fiat currency at any given time. Currently, there are well over a dozen leading online casinos providing gaming options with BTC. Many of these online casinos and online poker rooms offer exclusive payments processing with Bitcoin, while others have included it as part of their range of payment options. We are on the cusp of major change in the gaming arena, and it is largely thanks to the widespread adoption of BTC in countries like South Korea, Singapore and the Philippines.

Over the past decade, e-commerce sales have soared. Many people are claiming that e-commerce will be the end of retail stores.

However, recent figures have shown that the reality is actually very different from what we were expecting.

Will E-commerce Really Replace Retail?

There is no doubt that e-commerce has transformed the way we shop – especially with the recent rise of buy online, pick up in-store trend that was recently introduced by Amazon.

retail
Image Credit: Depositphotos

Of course, everyone has heard of the e-commerce giants like Amazon and eBay. But how many other e-commerce-only stores can you name off the top of your head? The likely answer is: not that many. Actually, all but one of the top 10 US retailers are physical stores.

In fact, despite the many stories of retail stores being forced to shut down and liquidate, there have actually been a number of cases when it’s gone the other way around. This can be seen as recently as this year when Walmart bought up several of its online competitors.

Why is Retail Still So Popular?

But shopping online is so much easier. It’s fast, it’s convenient, and we don’t even have to get off the sofa…right?

 The truth is, despite what we tell ourselves, the world loves to shop. It satisfies some of our most primitive hunter-gatherer instincts and has cemented itself as one of our everyday habits.

Despite the rapid rise in technology over the past decade, there is still something inherently satisfying about walking into a store and picking up a physical product.

Often, we don’t just shop because we want to buy things. For many, it is a fun social experience, a way to relax and unwind, or simply an enjoyable way to pass time.

Combining E-commerce and Retail Shopping

Retail shopping is here to stay for the foreseeable future. However, mobile technology has undoubtedly changed our shopping habits irreversibly.

There has been a recent influx of retail apps over the past few years. The 7-Eleven app, for example, sends coupons to your phone that you can redeem in store.

It also has a member barcode that allows users to earn free drinks, a store locator, a feedback system, and a ‘7Rewards’ feature that gives users points for every dollar they spend in store to encourage users to download it.

retail
Image Credit: Starbucks

 

The Starbucks app has also been a huge success. It allows users to pay and collect loyalty points without the hassle of an additional physical card.

The app was released back in Spring 2009. By October 2013, more than 11% of Starbucks’ sales volume came through its mobile wallet.

But what if there was a way to combine the convenience of e-commerce with the thrill of shopping in a retail store?

retail

Shping is one new blockchain startup working on bringing ecommerce together with retail. It is designed to make retail shopping smarter – and it even directly rewards its users for their engagement in the process.

The way the platform works is simple. Users simply scan any product barcode using the app. From this, they can learn what is in it, where it is from, and whether or not it is certified. They will even have access to reviews from other users, which they can use to make a decision about whether or not to purchase the product.

Essentially, it provides the fun of retail shopping, while still allowing users to make a fully informed decision in the same way as they would when shopping online.

In return for scanning barcodes, uploading product photos, and writing their own reviews for products they have purchased, users can also earn Shping coins.

Large media giants like Facebook are currently making billions every year as a result of advertising to their 2 billion-strong user-base.

However, decentralized blockchain platforms will enable brands to channel their budgets to reward customers for their engagement, instead of funneling billions into faceless, third-party media companies.

Changing Advertising As We Know It

The process of combining e-commerce with retail could completely transform the advertising landscape as we have come to understand it.

Instead of companies having no other option than to shove advertisements in our face while we’re watching cat videos on YouTube or trying to chat to our friends on Facebook, they will be given the unique opportunity to connect to us right at the moment it is most appropriate – when we’re inside the store, ready to buy their product.

These unique features provided to us by the decentralization of advertising will undoubtedly allow brands to connect with their customers like never before.

Rewarding customers for loyalty will only strengthen the connection between brands and users.

Instead of feeling like a commodity being marketed to and spammed with advertisements for products they don’t want, users will become a valuable part of the process.

The whole landscape of shopping and advertising could be about to shift in front of our eyes.

From left to right: Head of the G-Global Business Portal Denis Tsyro, the Nobel laureate in economics Alvin Roth, the Deputy Chairman of the Eurasian Economic Club of Scientists Hanon Barabaner.

The meeting in Silicon Valley led to the collaboration of the G-Global Business Portal and the Nobel laureate in economics, Professor Alvin Roth. Mikhail Korb, the Secretary-General of the Center Party of Estonia expressed interest in the project.

During the meeting, the parties discussed the development of the Estonian economy in the direction of digitalization and the head of international organization G-Global Business Portal, Denis Tsyro has suggested the ways of its implementation.

The meeting was also attended by the Deputy Chairman of the Eurasian Economic Club of Scientists, Professor Hanon Barabaner, who highly appreciates the prospects of the forthcoming cooperation with Professor Alvin Roth:

“In Estonia, it is planned to develop and implement a state program for modernization and improvement of the efficiency of the economy. For these purposes, it is necessary to find systematic solutions at macro and microeconomic levels. Professor Roth’s comments on the development of the G-Global Business Portal project as a tool for digitalizing the economy and reorganizing enterprises will be of tremendous value for the entire IT community of the country”.

The tool for robotization, innovative technologies and for entering the new markets of the US, China, and other European countries is the G-Global Business Portal, a consulting marketplace that brings together experts from around the world. The G-Global Business Portal is a blockchain-based platform that cooperates with the AngelVest cryptofund and integrates the ChronoBank system into the consulting marketplace. TIME token will be used to manage human resources.

Alvin Roth expressed his opinion on the transition of enterprises to a new level in response to technical changes:

Businesses have always changed their methods of operation in response to new technologies.Computer-aided markets not only make new businesses possible, they allow businesses to accumulate and process data more efficiently. There is every reason to believe that the changes we have seen in the last decades, as computerized marketplaces have started to become established, will continue and even accelerate in the coming years, and that the changes in the organization and operation of enterprises will be profound“.

Covesting, the Cryptocurrency copy-trading platform, has announced this week that they have partnered with Arbitrage Crypto Trader. Aribtrage CT is a project which focuses on a program they have already designed and tested which allows arbitrage between two exchanges. In the current Crypto-trading environment, there often exists vast differences between prices for the same token on different exchanges. This largely happens because of geographical differences. For instance, Bithumb, the largest exchange in Korea, had ETH selling for over $900, while GDAX, American, priced ETH over $100 lower at $780 just several days ago.

Arbitrage CT’s program allows traders to conveniently place inter-exchange arbitrage trades to take advantage of market variation. The working product has already been tested on several exchanges.

Arbitrage Crypto Trader program is designed to automate this entire process. Once a trader connects his two accounts, on two different exchanges, it will automatically monitor the coins with the highest spread. With a few clicks, the trader can purchase from one exchange, transfer to another exchange, and sell it with ease, speed, and accuracy. Currently bot is in testing mode and you can see daily stats of the product in action at prototypestat.arbitragect.com.

The opportunity for Covesting lies in exclusive rights to use the arbitrage bot on an agreed upon list of crypto-pairs. Covesting will be integrating the Arbitrage CT bot into its system and users will be able to take advantage of price differences between exchanges, apart from subscribing to professional traders. Upon launch, users will be able to profit whenever a coin is selling at two significantly different prices on two different exchanges, using the Covesting platform itself.

Covesting’s own ICO recently completed, raising over $20m. The partnership with Arbitrage CT comes as more good news before their exchange listing on HitBTC on January 20th.

You can also find Covesting on social media:

Telegram: https://t.me/covesting
Facebook: https://www.facebook.com/covesting/
Twitter: https://twitter.com/covesting?lang=en
Medium: https://medium.com/@Covesting

Contact: [email protected]

We’re closing in on the end of another session in our bitcoin price trading efforts and once again we’ve had a pretty strange one. Many will take a look at the flagship bitcoin price and suggest that things aren’t great right now. Price is down, sentiment is somewhat weak and the push towards an overarching market reversal and – in turn – a run to the upside is (in many eyes) long overdue.

As intraday traders, however, for us, it really doesn’t matter where price moves. What’s more important is how price moves and – on a more fundamental level – if price moves at all.

So when we see action, even if it’s downside action as we’ve seen for the majority of today’s session, it’s generally a good thing.

Of course, we’d all love to see thing soar – don’t get us wrong – but if we’ve got to wait a few more days before things turn around, it’s far from a big deal.

So, as we move into the session tonight, let’s get some levels in place that we can use to try and draw a profit from the market as and when things move, whatever direction we get.

As ever, take a quick look at the chart below before we get started so as to get an idea where things stand. The chart is a one-minute candlestick chart and it’s got our primary range overlaid in green.

As the chart shows, the range that we are using for the session tonight comes in as defined by support to the downside at 14801 and resistance to the upside at 14940.

We’re going to watch out for a close above the latter to justify an upside entry towards a target of 15100. Conversely, if we see price close below support, we’ll jump in short towards a target of 14700.

Let’s see how things play out.

Charts courtesy of Trading View

DASH/USD

DASH continues to go sideways in general, with the $1000 level being a “floor”, while the $1200 level offers massive resistance. Because of this, drilling down to short-term charts for back and forth trading is probably the best way to go. Longer-term, it’ll be interesting to see if we can break above the vital $1300 level, which would lead to a massive leg higher.

 

LTC/USD

Litecoin continues to do nothing as well, hanging about the $250 level. I think there is going to be a continued consolidation effort between the $200 level on the bottom and the $300 level on the top. The meantime, back and forth trading could be done in this market as well, but quite frankly it’s not volatile enough to warrant risking any trading capital. I suspect staying on the sidelines will probably be the best way to handle Litecoin in the short term.

Thanks for watching, I’ll be back tomorrow.

ETH/USD

Ethereum markets initially fell during the trading session on Tuesday, but the 20 SMA on the 4-hour chart continues to offer great dynamic support, as well as the $1100 level. As I look at this chart, it becomes apparent to me that we will eventually try to break above the $1250 level, and go much higher. The strength of this market continues in a very believable and steady manner.

 

ETH/BTC

Looking at 4-hour charts in the ETH/BTC market, you can see that it shows signs of strength as well. We may be a little overbought at this point, but look at pullbacks as an opportunity to pick up value. Bitcoin has been drifting lower as of late, while Ethereum has been surging. Simple math tells you that this pair needs to go higher.

Thanks for watching, I’ll be back tomorrow.

BTC/USD

Bitcoin markets have drifted a bit lower during the trading session on Tuesday, as the $14,000 level has been supportive so far. I think that if we break down below the $14,000 level, the market will probably go looking towards the $13,000 level, followed by the $12,000 level. Ultimately, I believe that the buyers will return and push this market to the upside, but it may take some time to get that type of bullish pressure.

 

BTC/JPY

 

Bitcoin initially fell during the trading session on Tuesday against the Japanese yen, reaching down towards the ¥1.8 million level. We have bounce from there, breaking above the ¥1.9 million level, before rolling over again. At this point, I suspect that we are going to go a little bit lower, so waiting for stability to go long is probably the best way to go.

Thanks for watching, I’ll be back tomorrow.

The founder of Bubbletone Blockchain for Telecom Yuri Morozov talks about the possibility of a revolution in the roaming market, creating accessible mobile communications for foreign trips and simplifying personal client authorization thanks to the blockchain.

Q: As your project is related directly to the provision of mobile communications and roaming services, my first question is about this very subject. When traveling abroad, we face the problem of how to stay connected and avoid going bust in the process. How is the roaming market structured today?

A: The entry of any new player in today’s international roaming market is a very expensive process, in terms of both time and money. You need tens of millions of dollars and several years to secure approvals in order to connect to the infrastructure of different operators and ensure roaming connectivity.

Q: In other words, this is an exceedingly expensive and protracted process

A: Exactly. You can’t simply go off and start transmitting a signal. First, you have to reach an agreement with a roaming hub – a major international alliance of players on this market. If you receive permission, you will have to conclude more than 500 agreements with mobile operators and then conduct a whole range of technical tests…  And finally, they will ask you the most important question: “How many clients will you bring to the roaming market?” After all, if you are not a monopoly or simply not a major player, then it is highly unlikely that you will be able to guarantee a large inflow of users for the operators of other countries. Accordingly, you will not be granted access to the market, or they will establish prohibitive tariffs that are an order of magnitude higher than local tariffs.

Q: That is all clear. Effectively this is a global monopoly… All the same, why is roaming so expensive? In particular, let’s take Internet access abroad. The Internet is becoming cheaper all over the world with every passing year, but with roaming, you still have to pay big money for it.

A: For traditional mobile operators roaming is set up as follows: the partner operator of a mobile company provides voice communications abroad, while the Internet passes through the access point of the home operator. This is like flying from Moscow to Berlin through Tokyo. A vast loop requiring huge money and time costs. The same is true of the Internet used by a subscriber during roaming: it makes the same enormous “loop” through the home operator before getting to the subscriber’s telephone. That is why at present you don’t get the best quality Internet or maximum speed during roaming.

Q: And what is the alternative that you are offering to this system?

A: The roaming business hasn’t changed for more than 30 years and continues to be very expensive for both clients and mobile companies. That is why the main idea of our project is to create a large infrastructure platform for the telecom market, which would make it possible to eliminate expensive international roaming. In essence, we want to abolish it once and for all. Our solution is a blockchain platform that will connect users and operators directly. Thanks to blockchain we can radically change the entire telecom ecosystem that we have known for decades. We are creating new rules of the game on this market and offering a distributed and independent infrastructure for all operators.

Q: That is a bold statement. However, how do you intend to implement this concept?

A: We have already created a platform capable of loading mobile profiles onto SIM cards over the air. Effectively this will guarantee the same level of prices and quality as those of a local subscriber in any country. This means that you won’t have to go to a store to pick up a local SIM card when you arrive in a different country. Before the trip, you will be able to access our mobile application, which is called Bubbletone, select the offer of any operator and the optimal tariff plan, and immediately buy it. The application is linked to the blockchain platform. Payment is made rapidly through a smart contract. This is a special algorithm guaranteeing payment to the operator and the provision of the service to the client. Consequently, a traveler will essentially become a local subscriber in the country where he or she is going and will be serviced at the same tariffs as local residents. In addition, the traveler will enjoy a far better quality of communications, as in our case Internet access will be provided directly through a guest operator. Incidentally, the Bubbletone app can already be downloaded and installed on Apple and Android smartphones.

Q: Where did you come up with the idea of implementing this project on blockchain?

A: We came up with the idea due to a number of global factors that were inconveniencing both us and our clients. Even though we have been active in the telecom business for a long time, compared to the “big four” (MTS, Beeline, Megafon, Tele2 – note of the author) we are a small company, and so we had no direct access to the global roaming market. As a result we had to open roaming for our subscribers through the operators that we cooperated with — Megafon and Beeline. It was here that we regularly encountered problems.

Q: What kind of difficulties?

A: We were fully responsible for roaming payments before our partners and would make the entire payment in advance on behalf of all our clients. However, it sometimes happened that our partners would not provide billing online, but instead with a delay of several hours or even days. In this case, we were forced to disconnect our clients when they reached a certain balance, which naturally led to complaints. There was also another issue: when our clients were in the red, then it was very hard to recover the money that they had spent on roaming. That is why we also decided to take a closer look at blockchain technology and immediately saw significant advantages.

Q: What are the advantages compared to the system that you used before blockchain?

A: Blockchain freed us from the need to conclude contracts with companies from other countries to transfer mobile profiles to our platform. Now operators all over the world have an opportunity to set out their offers in smart contracts and see for themselves the clients who turn to them. Secondly, clients enjoy services of the same high quality and at the same low price (compared to roaming) as local subscribers.

Q: How is the verification process implemented now?

A: The personal data of the client were already verified by its home operator at the time of the first connection. When the subscriber wants to buy the services of an operator from another country directly, his personal data are transferred in encrypted form through blockchain to a foreign operator. This is the universal way of confirming the identity of the subscriber. Moreover, his data is protected reliably. Consequently, you will no longer have to undergo complex identification procedures when buying communications services in the Bubbletone blockchain. All you need to do is confirm the use of your data every time you visit a new country.

Q: Effectively you are destroying an international roaming system that existed for years and the rules of the game on this market.

A: Yes, Bubbletone Blockchain for Telecom may become the “disruptive technology” that unleashes a chain reaction of global changes decentralizing telecom.

Q: It is clear how you will benefit from this project. However, how do you intend to convince mobile operators to sign up for a project that destroys their conventional world order?

A: It is very simple: we are making the blockchain platform profitable for them. Our project enables small and medium-sized companies, which are not players on the global roaming market, to expand their sales markets significantly. They gain the ability to provide communications services to travelers on a par with the largest operators, but at local tariffs that are attractive to tourists. Effectively, we are elevating local mobile markets to the global level.

Q: And what about major players?

A: There are undoubted benefits for all operators. In blockchain the data of the SIM cards of a foreign operator are loaded onto the telephone over the air in the form of cryptokeys. Consequently, the guest operator sells its services directly, without intermediaries, without store overheads or costs on the issue of the SIM card itself. The savings are plain to see, and this means that you can set a final price for the services that is lower than the price on the local market, which will immediately attract clients.

Q: Do you help operators integrate into your project in some way?

A: Of course. First of all, our platform can be downloaded for free from GitHub (a major website for hosting IT projects and their joint development – notes of the author). In addition, we created a flexible and simple system for using this platform for everyone. Secondly, we ourselves prepare and transfer the templates of all the smart contracts to mobile communications operators. All these factors enable operators to integrate into our system in just a few days.

Q: Let’s go back to the very beginning. How did your company get its start? And what is it doing today?

A: Our corporate group has worked in the telecommunications sector for more than 20 years. We started in 1997 with conventional telephony. In 2002 we launched one of the first projects on converging fixed and mobile networks with Megafon, and a little later started working with Beeline. Our brand Allo Incognito provides high-tech mobile and fixed-line telecom services, and also new generation telecommunications services to corporate and private clients. Today, this is one of the largest virtual operators in Russia – our client base numbers more than 200,000 people. In addition, one of our companies is a Skolkovo resident, where we are developing a platform to load mobile profiles on telephones.

Q: You are planning an ICO in March 2018. Why?

A: To collect funds for the further development and global distribution of the blockchain platform for telecom.

Q: How much do you expect to collect?

A: Depending on the total amount collected, we will be able to elevate our operating product to a specific level. For example, if we collect around 50 million dollars, we will be able to develop and provide an opportunity for online service providers all over the world to sell their services (entertainment content, educational programs, etc.) to mobile subscribers anywhere in the world. After all, their identities have already been verified, and a local communications operator will help to sell the product. Collecting approximately 100 million dollars would enable us to register a so-called global mobile profile. We would be able to place SIM cards in the chipsets of telephones, and our SIM profiles would already be loaded in mobile devices.

Q: What will this technical solution deliver?

A: Thanks to this solution, it will no longer be necessary to connect to any specific mobile communications operator – after buying a telephone, you will be able to immediately select the local profiles of operators anywhere in the world.

Q: What markets are you targeting with your project?

A:  I talked about this a little earlier. Let me reiterate: the operators connect with us regardless of the size and share of the local market. We have a global project, and there are no restrictions. We position ourselves as partners to anyone who wants to work and earn money from roaming, offering in this case the most profitable solutions for their clients.