ई वोटिंग में ब्लॉकचेन एप्लिकेशन को लेकर को एनएसई की पहल

नेशनल स्टॉक एक्सचेंज ई वोटिंग को लेकर जल्दी ही ब्लॉकचेन आधारित परियोजना को लागू कर सकता है। इसके लिए पहले चरण में परीक्षण का दौर पूरा किया जा चुका है। एनएसई ने पहल करते हुए आईटी कम्पनी एलिमेंटियल लैब्स के साथ मिलकर योजना पर काम किया है। जिसके परिणामस्वरूप इस व्यवस्था को ई वोटिंग प्रक्रिया में स्थापित किया  जायेगा। जहाँ एक्सचेंज के साथ साथ वित्तीय विभाग से जुडी एजेंसियां सीधे तौर पर कंपनियों में हो रहे परिवर्तन और जानकारी को आसानी से एकत्र करने में सक्षम हो सकेंगी।

सेबी, कंपनियों और आरटीए को मज़बूती

एनएसई वर्तमान में अपनी सूचीबद्ध कंपनियों के लिए ई-वोटिंग प्रक्रिया में सुधार के लिए एलिमेंटियल लैब्स द्वारा विकसित ब्लॉकचेन आधारित ई-वोटिंग सिस्टम का परीक्षण कर रहा है। जिसके अंतर्गत सम्पूर्ण व्यवस्था में एक ब्लॉकचेन प्रणाली को स्थापित करना ताकि एक साझा नेटवर्क के माध्यम से बाजार नियामक सेबी, कंपनियों और आरटीए को मज़बूती के साथ जोड़ा जा सके। ब्लॉकचेन एप्लिकेशन के आधार पर एनएसई में सूचीबद्ध कंपनी द्वारा किसी भी चीज के बारे में अपने शेयरधारकों की जानकारी एकत्र करने के लिए पूरी तरह से पारदर्शी और सुरक्षित ई-वोटिंग प्रक्रिया संचालित की जा सकती है।

क्रिप्टो न्यूज़ इंडिया के मुताबिक वर्तमान में जिस ब्लॉकचेन एप्लिकेशन पर परिक्षण किये जा रहे हैं। उसे मुख्य रूप से हाइपरलेजर फ्रेमवर्क के आधार पर बनाया गया है। आईटी कम्पनी एलिमेंटियल लैब्स ने बैकेंड के प्लेटफार्म को मज़बूती देने के लिए इस तकनीक का इस्तेमाल किया है, जबकि फ्रंटलाइन का काम एनएसई के द्वारा ही नियंत्रित किया जायेगा। बतौर कॉइनटेलीग्राफ स्टॉक एक्सचेंज में ब्लॉकचेन एप को लेकर कम्पनी और एनएसई दोनों की तरफ से सकारात्मक रुझान देखे जा रहे है। मुख्य रूप से ई वोटिंग में प्रयोग करने के पीछे जांच एजेंसियों और अन्य वित्तीय क्षेत्रों से जुड़े विभागों को कंपनियों पर नज़र रखने के लिए मदद देना है। ताकि कम्पनी के सही उतार चढ़ाव और जानकारी जल्दी और स्पष्ट रूप से सभी के बीच एक ही मंच से साझा की जा सके।

The post ई वोटिंग में ब्लॉकचेन एप्लिकेशन को लेकर को एनएसई की पहल appeared first on OWLT Market.

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Modi Government News: 70,000 Crore To Meet Fiscal Deficit Target

In the recent Modi government news, the government has cut its gross borrowing for the year by Rs 70,000 crore and adhered to the net borrowings arranged in the financial backing, sending a strong signal about its plan to meet the fiscal deficit target for the year. The decrease in net borrowings, which will be met incompletely from little reserve funds and lower littler purchase back program, ought to diminish weight on the bond market and cool bond yields.

Garg said that the financial mathematics of the government is firm and the government is certain that in this monetary year, the objective of keeping the financial deficiency from 3.3 percent of GDP will be satisfied. He said, “The status of receipts and payments is absolutely correct and we do not have any hesitation in the fiscal deficit targets. We have enough resources to raise money. We do not have to change the goal of our fiscal deficit. So it is still 3.3%.”

In Modi government news, “we chose to lessen add up to market borrowing prerequisite by Rs 70,000 crore,” Garg told correspondents after a meeting with the Reserve Bank of India authorities to finish the obtaining timetable for the second half. The market was expecting a decrease in net obtaining following upward correction in little investment funds rate that is relied upon to expand streams that government can use for meeting its fiscal deficit.

Garg said that the government’s swelling file for the second half of the monetary year will dispatch. He said that the Treasury charge program will, in any case, stay at Rs 17,000 crore and there won’t be any adjustment in Treasury Bill Outstanding Amount, according to the report of Navbharat Times. Garg said that consistently from November, consistently will gather 12 thousand crores through Gilts. He said that the government assesses that the sum rose from little reserve funds plans will be more than the budget estimates.

Thus, Garg stated in Modi government news, the government will acquire Rs 11,000 crore for every week until the start of November and after that, it would raise Rs 12,000 crore like in the principal half. He included that the government does not as a rule obtains in March. On treasury charges, he stated, the board chose to hold it at Rs 17,000 crore, according to the report of Economic Times.

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Bytecoin (BCN) Now Live For Trading On Chinese Cryptocurrency Exchange

Cryptocurrency Bytecoin (BCN) is now live for investors on the Chinese cryptocurrency exchange, Gate.io for trading. BCN is the first cryptocurrency that implemented the CryptoNote technology. After successful listings on both OKEx and Binance exchanges earlier this year, BCN continues its expansion in the Asian crypto market.

With the listing of BCN on Gate.io, it reflects the adoption rate of this first, privacy-oriented cryptocurrency amongst the Chinese users. Apart from this, Bytecoin has also adapted their ecosystem for Japanese and Korean users. They have done this by translating the web wallet into the native languages of Japan and Korea. This wallet also allows the users to purchase BCN with Ethereum and Bitcoin, which makes owning the coin much easier.

The ability to use over-the-counter (OTC) cryptocurrency exchange for Chinese users is another factor which supports the necessity of the Bytecoin listing on the Gate.io exchange. It simplifies access to Bytecoin for some traders. The Gate.io exchange also has mobile apps for both Android and iOS which makes trading easier and smoother, as the only thing that the trader needs is a cell phone with an internet connection.

Bytecoin was originally launched in 2012. It was the first privacy-focused cryptocurrency that was based on the CryptoNote technology. It had features such as untraceable payments, unlinkable transactions and scalable blockchain, as stated in the Cointelegraph report. After its listing on Gate.io, Bytecoin has shown stable growth and its rate increased by 15 percent on September 28. Presently, it is ranking at 24, according to CoinMarketCap.

In a mass surveillance world, CryptoNote uses innovative ideas and advanced mathematical analysis to empower cryptocurrency exchange users with true privacy, both personal and financial. It develops and promotes new approaches to further emancipate and decentralize cryptocurrencies. The firm intends to shift the present global paradigm through egalitarianism and cryptography, as stated on its website.

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Blockchain Startup Veem Receives $25 M Strategic Funding From Goldman Sachs

Blockchain startup company Veem received around $25 million in the form of strategic funding in the first round from Goldman Sachs. Other new as well as existing investors who participated in the funding were Silicon Valley Bank, GV (formerly Google Ventures), Trend Forward Capital, Extol Capital, Pantera Capital, and Kleiner Perkins. All these companies in their own way contributed to the expansion and growth of the dream of Veem to break a transformation in the space of global payments with its blockchain technology.

All over the world, small business owners with very little capital have no other option but to carry on their working with an outdated, slow yet highly costly wire transfer system for sending and receiving cross-border payments. Small businesses always have to pay a heavy price for using SWIFT, a technology that is 40 years old. The technology consistently makes the businesses make a big payment under the disguise of loses payments, fees, and thus do not provide the transparency required to make the overall dealing secured and reliable.

Founded in 2014, the blockchain startup company Veem runs a multi-rail payments platform that offers speed, security and lowest fees that can be possible and also provides the perfect route for a particular transfer, said Veem. The startup has constantly worked towards transforming the way payments are made globally. Veem offers accurate tracking and accounting thereby ensuring the level of transparency even the large financial institutions are unable to offer.

The customer base of Veem has grown over 80,000 small businesses in 96 different countries and the startup has just started. According to the Founder and CEO of Veem, Marwan Forzley, “We’re thrilled to have Goldman Sachs lead our investment round. This funding will help us expand our footprint, increase our distribution and form new strategic partnerships.”

The blockchain startup is based in San Francisco and makes use of digital ledger technology for increasing the efficiency of small businesses for making payment, said XBT. Goldman Sachs made the investment in Veem through Rana Yared, its Principal Strategic Investment Group. Incidentally, the platform will include the managing director of Goldman Sachs as a non-voting member.

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Leafbuyer Shares Explode By 40 Percent Post Declaring Association With Blockchain Future Technology

The shares of Leafbuyer Technologies exploded by 40 percent after the company revealed its association with blockchain-the future technology. The company announced recently that it is now entering the final development phases of its first large-scale industrial blockchain-enabled platform. As per reports, Leafbuyer will complete the final development by next month and will launch it in December 2018.

Leafbuyer is an online marijuana deals database that is sort of a cross-platform for cannabis users, growers as well as sellers providing services in between Yelp and Groupon. However, the company failed to get the right momentum similar to other pot stocks at the start of the year. But the moment, the company came out with the news that it is rolling out blockchain technology soon, the shares exploded.

Incidentally, the Greenwood Village, the Colorado-based company did not enter the explosive frenzy related to pot during the summer. During the frenzy, the wild trading helped Tilray Inc to make billions for the investors which eventually it lost. Just a week ago Tilray’s shares were up by 624 percent whereas those of Alternative Harvest, the leading marijuana ETF were ahead by 26 percent. However, the shares of Leafbuyer went 63 percent down.

But when the company declared its association with the technology of future, blockchain the shares rose by 40 percent, said, Bloomberg. More business houses and industries are slowly recognizing the potential of blockchain technology and with the help of this anti-fraud and innovative technology Leafbuyer will be able to provide transparency in its every dealing with the customers.

Blockchain provides a decentralized, digitalized and secure environment for conducting transactions in which information can be stored and verified in a permanent way, said Business Wire.

The CEO and Chairman of Leafbuyer, Kurt Rossner is positive about this future technology’s contribution to his company. According to Rossner, “This first-of-its-kind blockchain solution offers complete transparency between cannabis businesses and the end consumer, which, we expect, will add significant value to Leafbuyer’s platform. This, in turn, should open more revenue possibilities as we broaden the platform. The possible applications with blockchain technology are extraordinary, and we look forward to implementing this initiative to drive the growth of our company.”

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Social Media Bounty Campaigns For ICO Marketing Gets Popular

These days many developers use social media bounty campaigns for their ICO marketing. They are beneficial for the projects as well as the community.

In the world of cryptocurrency, Blockchain projects are commonly using bounty programs as part of their marketing strategy. These projects launch Initial Coin Offerings for raising their funds.

These bounty programs are used to reward those users who recommend improvements to be made in the network and also in lieu of reporting bugs. They are commonly used as marketing campaigns for ICOs to encourage the community of a project to promote them on social networking platforms. In return, the community gets payment in form of new digital tokens of the project.

Thus, there is a win-win situation for the cryptocurrency users and the startup businesses. The new projects get the much-needed publicity through the right kind of social media channels and cryptocurrency users get rewards in digital tokens for promotion.

Blockchain projects can be highly benefited through these social media bounty campaigns. The projects can facilitate the members of its community to act as their “cheerleaders” in exchange of the ICO’s newly issued tokens.

When an Initial Coin Offering gets more exposure in the media, there is a greater likelihood of meeting its funding target. Thus, when it can recruit more users to publicize the project’s benefits on social media, the reach of the projects becomes wider.

It is precisely for this reason that professionally managed token sales frequently have a very powerful focus on these social media bounty campaigns. They have emerged as an integral component of a highly successful and popular ICO marketing strategy, Cryptonews wrote.

Marketing Post-ICO Is Important

It is crucial to keep communicating about a project to keep the engagement level of users and investors high. When a project is made to look interesting, it can allure a new set of investors and thus increase the value of the token.

It is crucial to do post ICO marketing to keep the project in news. Projects should also maintain the price of the token post the ICO period, according to CryptoCoin News.

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Axis Mutual Fund Equity Hybrid Fund Scheme Alters Its Benchmark

Axis Mutual Fund Equity Hybrid Fund Scheme has revised its benchmark index, with immediate effect. The fund house has approved the change in nomenclature of the index by Index Services Provider and the name of benchmark index of the scheme.

Accordingly, the benchmark index of the Axis Equity Hybrid Fund has been changed from CRISIL Balanced Fund Index to CRISIL Hybrid 35 + 65 – Aggressive Index, with immediate effect.

The investment objective of the Axis Equity Hybrid Fund is to produce long-term capital appreciation together with current income by making investments in a combination of equity and equity-related securities, debt securities, and money market securities.

The NAV (Net Asset Value) of the Axis Mutual Fund Equity Hybrid Fund Scheme as on September 28, 2018, is 9.5900 Rupees. The AUM (Asset Under Management) of the scheme is 2326.84 Crore Rupees, and the expense ratio of the scheme is 2.55 percent.

The open-ended aggressive hybrid scheme was launched in July 2018 and has a face value of 10.00 Rupees per unit. R Sivakumar, Shreyash Devalkar and Ashish Naik have been managing the Axis Equity Hybrid Fund since July 2018.

Mr. Sivakumar has worked with Fortis Investment Management Ltd, Sundaram Mutual Fund, Zurich India and ITC Threadneedle before joining the Axis Mutual Fund. He holds B.Tech and MBA degrees as his educational qualifications.

Mr. Devalkar has worked with BNP Paribas Mutual Fund, IDFC Capital, JP Morgan Services India and Calyon Bank, before joining Axis AMC. He is a B.Tech and PGDM (Management) degree holder.

Mr. Naik has more than 7 years of working experience as an Equity Analyst, and has also worked in Goldman Sachs before joining Axis fund house. He has completed B.E and MBA, according to The Economic Times.

The fund house has announced the change in the benchmark of the Axis Mutual Fund Equity Hybrid Fund Scheme on September 28, 2018, according to KJMC.

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