Last chance to own a BRAND MINDS LIFETIME ACCESS NFT ticket!

Within 15 minutes from launching the BRAND MINDS limited collection of NFT collectibles, all First Class & Business NFT tickets were SOLD OUT!

There are only a few General NFT tickets left so hurry up and don’t miss this amazing opportunity: collect your BRAND MINDS NFT ticket today.

Benefits of the BRAND MINDS General Access NFT

1. Lifetime access to BRAND MINDS events everywhere in the world, as a General Access attendee.

2. Have your BRAND MINDS NFT exhibited at BRAND MINDS events starting with the 2022 edition.

3. BRAND MINDS will plant a tree on your behalf, as a mindful conservation investment for your future on Earth.

4. Venue access to all the speeches covered by the GENERAL ACCESS tickets at the BRAND MINDS events.

5. A memorable business conference experience.

6. Learnings from world-famous business thinkers.

7. Exclusive & valuable content that you won’t find anywhere else.

8. Access to BRAND MINDS membership platform & App.

9. Elite networking opportunity.

10. BRAND MINDS attendance certificate.

11. Access to coffee breaks.

12. Lunch buffet.

ABOUT BRAND MINDS 2022

For the BRAND MINDS 2022 edition, which takes place in Bucharest, on June 17th and 18th, 2022, over 6000 professionals & influencers from more than 50 countries are expected to attend.

The line-up of outstanding speakers will deliver world-class business education speeches with top insights and strategies on:

BUSINESS SCALE-UP
TOP TEAM PERFORMANCE & LEADERSHIP
THE NEW RULES OF SALES & INFLUENCE
WORK-RELATED STRESS MANAGEMENT TECHNIQUES
BUSINESS INNOVATION FRAMEWORKS
VIRAL MARKETING

BENEFITS FOR YOU

• Discover your leadership style and accelerate growth;
• Learn how to engage with your team and business partners;
• Get inspiration from outstanding business ideas and create your own success story;
• Learn the most efficient business strategies to act on your goals;
• Boost your career by learning from the world’s best experts.

 

BENEFITS FOR YOUR COMPANY

• Find out the latest business frameworks that will take your company to the next level;
• Discover how to make wise decisions that impact the business at tipping points;
• Learn to identify unique growth opportunities in a dynamic environment;
• Find out how to engage your team in challenging moments;
• Discover the latest business trends and create new opportunities.

Open new opportunities for business education, personal growth and elite networking with BRAND MINDS LIFETIME ACCESS NFTs!

Minting has started. Get your BRAND MINDS NFT!

The BRAND MINDS limited edition of 100 NFTs is selling fast:

Get yours here!

 

THE BEST BUSINESS OPPORTUNITY YET

Lifetime access to BRAND MINDS events

You will be granted lifetime access to all BRAND MINDS events everywhere in the world and all future BRAND MINDS events to come in Metaverse.

Recognition on a GLOBAL NETWORK

Your BRAND MINDS NFT will be exhibited at BRAND MINDS events starting with the 2022 edition and on the entire BRAND MINDS digital network.

A highly valuable COLLECTIBLE

You will own one of the first NFTs generated by BRAND MINDS, an asset with a high potential for value growth.

Future SUSTAINABILITY

BRAND MINDS will plant a tree on your behalf, as a mindful conservation investment for your future on Earth.

Unlock OUTSTANDING real-life benefits with BRAND MINDS NFTs!

THE VERY FIRST LIMITED EDITION OF BRAND MINDS COLLECTIBLE NFTs IS COMING ON ELROND BLOCKCHAIN ON MARCH 21st!

This year, BRAND MINDS, as one of the top 5 largest business conferences in Europe, takes the innovation to the next level and launches an impressive Limited Edition of 100 NFTs with LIFETIME ACCESS to BRAND MINDS business events.

THE BEST BUSINESS OPPORTUNITY YET
DEVELOPED BY BRAND MINDS

EACH OF THE 100 NFTs REWARDS THEIR OWNERS WITH:

• LIFETIME ACCESS TO ALL BRAND MINDS EVENTS: Owners will be granted lifetime access to all BRAND MINDS events, everywhere in the world and to all future BRAND MINDS events to come in Metaverse;
• RECOGNITION ON A GLOBAL NETWORK: All NFTs will be exhibited at BRAND MINDS events, starting with the 2022 Edition and on the entire BRAND MINDS digital network;
• A HIGHLY VALUABLE COLLECTIBLE: Collectors will own one of the first NFTs generated by BRAND MINDS, assets with high potential of value growth;
• FUTURE SUSTAINABILITY: BRAND MINDS will plant a tree on the behalf of all 100 NFT collectors, as a mindful conservation investment for their future on Earth.

THE COLLECTION IS MINTED ON ELROND BLOCKCHAIN AND WILL BE AVAILABLE FOR PURCHASING WITH EGLD TOKENS,
STARTING MARCH 21st, 2022.

Learn more about the Collectible Edition HERE.

NFT OWNERS WILL BE ABLE TO JOIN BRAND MINDS 2022
AND ALL FUTURE BRAND MINDS EVENTS

Do you have questions?

Everything you need to know is in the FAQ article.

At BRAND MINDS, we always look to provide attendees with yearly outstanding business experiences. As for the 2022 edition, which will take place in Bucharest, on June 17th and 18th, 2022, we are expecting over 6000 professionals from more than 50 countries to attend.

The line-up of outstanding speakers will deliver world-class business education speeches with top insights and strategies on:

BUSINESS SCALE-UP
TOP TEAM PERFORMANCE & LEADERSHIP
THE NEW RULES OF SALES & INFLUENCE
WORK-RELATED STRESS MANAGEMENT TECHNIQUES
BUSINESS INNOVATION FRAMEWORKS
VIRAL MARKETING

Get ready to mint your on March 21st and join BRAND MINDS 2022 and all its FUTURE EDITIONS.

Learn more about the Collectible Edition HERE.

BRAND MINDS NFTs: Frequently Asked Questions

Do you have questions related to the BRAND MINDS NFT collection?

The very first limited edition of BRAND MINDS COLLECTIBLE NFTs is coming on ELROND BLOCKCHAIN on MARCH 21st.

Read our FAQ to find out everything you need to know about the BRAND MINDS NFT edition and NFTs in general.

 

1. What is an NFT?
2. What are NFT collectibles?
3. Why are NFTs important?
4. What are BRAND MINDS’ 100 POWERFUL BELIEFS NFTs?
5. How many collectible BRAND MINDS NFTs have been created?
6. What is the validity period of BRAND MINDS NFTs?
7. Can I sell my BRAND MINDS NFTs?
8. What is the reselling fee?
9. What tokens can I use to buy the collectible BRAND MINDS NFTs?
10. How many types of access do the BRAND MINDS NFTs provide?
11. What benefits do I get by buying the collectible BRAND MINDS NFTs?
12. What are the benefits of the FIRST CLASS NFT?
13. What are the benefits of BUSINESS CLASS NFTs?
14. What are the benefits of GENERAL PASS NFTs?
15. Where are the collectible BRAND MINDS NFTs minted?
16. Can the BRAND MINDS NFT pass type be upgraded?
17. What is the BRAND MINDS digital network?
18. Who are the speakers joining BRAND MINDS 2022?
19. What is the difference between ticket types?

1. What is an NFT?

NFT stands for Non-Fungible Token. A non-fungible token (NFT) is a unique piece of digital information.

NFTs can be used to represent items such as music, digital art, sports trading cards, event tickets, in-game assets and anything, in fact, that can be stored digitally.

The owner of an NFT uses blockchain technology to establish a verified and public proof of ownership.

The first NFT project was launched in 2015 and the interest has been growing rapidly ever since.

2. What are NFT collectibles?

NFT collectibles are the digital version of real-world collectibles such as paintings, sports trading cards, games, music albums.

3. Why are NFTs important?

NFTs are important for four reasons:

OWNERSHIP

The foremost advantage of NFTs is evident in the proof of ownership.

NFTs ensure that buyers are safe from the concerns of fake NFTs. Downloading a picture of the Mona Lisa from the internet does not make you its owner.

AUTHENTICITY

NFTs provide the assurance of authenticity: they are immune to modifications, removal, or replacement.

TRANSFERABILITY

Since NFTs are based on smart contracts, ownership transfers become easy by incorporating the use of smart contracts.

Ownership transfers can be completed upon fulfilment of specific conditions between buyer and seller outlined in smart contracts.

PASSIVE INCOME & RECOGNITION FOR NFTs CREATORS

With the help of NFTs, the ownership of content is integrated into the content only. So, when the creators sell their content, the funds go directly to them.

If a new owner sells the NFT, the creator could receive royalties by setting up smart contracts while developing NFTs. The original creator can receive royalties for each re-sale of the token since the NFT metadata includes the creator’s address.

4. What are BRAND MINDS’ 100 POWERFUL BELIEFS NFTs?

BRAND MINDS’ 100 POWERFUL BELIEFS is the brand’s very first limited edition of unique collectible NFTs.

The NFTs provide owners with lifetime access to all BRAND MINDS business events, everywhere in the world, but also to all the events that BRAND MINDS is planning in the future for Metaverse.

Furthermore, NFTs owners will access other outstanding benefits that are included and they can be explored here.

5. How many collectible BRAND MINDS NFTs have been created?

There are 100 collectible unique NFTs in this edition:

* 1 LIFETIME FIRST-CLASS NFT
* 9 LIFETIME BUSINESS PASS NFTs
* 90 LIFETIME GENERAL ACCESS NFTs

Each NFT embodies one of the core beliefs of BRAND MINDS as a brand and organization, beliefs that are meant to inspire world changers in reaching your life goals and aspirations.

Explore the NFT collection here and subscribe to the form at the bottom of the page, to be the first to know when the minting process will start on March 21st.

6. What is the validity period of BRAND MINDS NFTs?

The BRAND MINDS’ unique collectible NFTs have lifetime validity.

They provide owners with access to every BRAND MINDS event and impressive additional benefits for the duration of their life.

7. Can I sell my BRAND MINDS NFTs?

Yes, you can sell your BRAND MINDS NFTs.

To sell your BRAND MINDS NFTs, you need to upload them on Maiar NFT Marketplace. From there, you can choose to list them for sale at a set price or opt for an auction-style sale in which buyers place bids.

8. What is the reselling fee?

The royalty fee consists of 10% from every resale.

9. What tokens can I use to buy the collectible BRAND MINDS NFTs?

THE BRAND MINDS’ 100 POWERFUL BELIEFS NFTs can be purchased exclusively with eGLD tokens on the Elrond Blockchain.

10. How many types of access do the BRAND MINDS NFTs provide?

The BRAND MINDS NFTs provide owners with 3 types of access to BRAND MINDS events:

• The FIRST-CLASS NFT offers BRAND MINDS First Class Pass type of access;
• BUSINESS PASS NFTs offer BRAND MINDS Business Pass type of access;
• GENERAL ACCESS NFTs offer BRAND MINDS General Pass type of access.

11. What benefits do I get by buying the collectible BRAND MINDS NFTs?

BRAND MINDS NFTs offer outstanding benefits:

LIFETIME ACCESS TO BRAND MINDS EVENTS

You will be granted lifetime access to all BRAND MINDS events, everywhere in the world and to all future BRAND MINDS events to come in Metaverse.

RECOGNITION ON A GLOBAL NETWORK

Your BRAND MINDS NFT will be exhibited at BRAND MINDS events, starting with the 2022 Edition and on the entire BRAND MINDS digital network.

A HIGHLY VALUABLE COLLECTIBLE

You will own one of the first NFTs generated by BRAND MINDS, an asset with a high potential for value growth.

FUTURE SUSTAINABILITY

BRAND MINDS will plant a tree on your behalf, as a mindful conservation investment for your future on Earth.

12. What are the benefits of the FIRST CLASS NFT?

 

As the owner of the only FIRST CLASS NFT, your benefits are as follows:

1. Lifetime access to BRAND MINDS events everywhere in the world, as a First Class attendee;
2. Having your BRAND MINDS NFT exhibited at BRAND MINDS events starting with the 2022 edition;
3. BRAND MINDS will plant a tree on your behalf, as a mindful conservation investment for your future on Earth;
4. Venue access to all of the BRAND MINDS events sessions;
5. Special access to private sessions dedicated to First Class Participants;
6. A memorable business conference experience;
7. Learnings from world-famous business thinkers;
8. Exclusive & valuable content that you won’t find anywhere else;
9. Access to BRAND MINDS membership platform & App;
10. Elite networking opportunity;
11. BRAND MINDS attendance certificate;
12. Access to coffee breaks;
13. First Class Chef experience lunch;
14. Red carpet VIP entrance experience;
15. Access to First Class lounge;
16. Reserved premium seating in the First Class rows;
17. After event VIP Reception with the speakers;
18. Photo opportunity with the speakers.

13. What are the benefits of BUSINESS PASS NFTs?

 

As the owner of a BUSINESS PASS NFT, your benefits are as follows:

1. Lifetime access to BRAND MINDS events everywhere in the world, as a Business Pass attendee;
2. Having your BRAND MINDS NFT exhibited at BRAND MINDS events starting with the 2022 edition;
3. BRAND MINDS will plant a tree on your behalf, as a mindful conservation investment for your future on Earth;
4. Venue access to all the speeches covered by the BUSINESS ACCESS tickets at the BRAND MINDS events;
5. A memorable business conference experience;
6. Learnings from world-famous business thinkers;
7. Exclusive & valuable content that you won’t find anywhere else;
8. Access to BRAND MINDS membership platform & App;
9. Elite networking opportunity;
10. BRAND MINDS attendance certificate;
11. Access to coffee breaks;
12. Lunch buffet;
13. Red carpet VIP entrance experience.

14. What are the benefits of GENERAL PASS NFTs?

 

As the owner of a GENERAL PASS NFT, your benefits are as follows:

1. Lifetime access to BRAND MINDS events everywhere in the world, as a General Access attendee;
2. Having your BRAND MINDS NFT exhibited at BRAND MINDS events starting with the 2022 edition;
3. BRAND MINDS will plant a tree on your behalf, as a mindful conservation investment for your future on Earth.
4. Venue access to all the speeches covered by the GENERAL ACCESS tickets at the BRAND MINDS events
5. A memorable business conference experience
6. Learnings from world-famous business thinkers
7. Exclusive & valuable content that you won’t find anywhere else
8. Access to BRAND MINDS membership platform & App
9. Elite networking opportunity
10. BRAND MINDS attendance certificate
11. Access to coffee breaks
12. Lunch buffet

15. Where are the collectible BRAND MINDS NFTs minted?

The collectible BRAND MINDS NFTs are minted on the Elrond Blockchain.

16. What is the BRAND MINDS digital network?

The BRAND MINDS digital network includes every digital communication channel of the brand.

17. Can the BRAND MINDS NFT pass type be upgraded?

No, the BRAND MINDS NFT pass type cannot be upgraded.

18. Who are the speakers joining BRAND MINDS 2022?

The speakers joining BRAND MINDS are among the top global thinkers in their field of expertise:

19. What is the difference between ticket types?

There are two types of tickets with different benefits:

• BRAND MINDS LIFETIME PASS NFTs
• BRAND MINDS REGULAR TICKETS

See the exclusive benefits of BRAND MINDS LIFETIME PASS NFTs and here you can find the benefits of regular tickets.

Do you have questions that we haven’t answered in the present list?

Click on the WhatsApp button and we will answer them!

Blockchain Business News 8-14 March

This is the weekly wrap of blockchain business news for 8-14 March. Subscribe to get the blockchain news you need for your business!

An NFT Digital Artwork Just Sold For $69 Million

Last week, Christie’s sold the first purely digital artwork ever offered by an auction house.

The artwork is called Everydays: The first 5000 days and was created by digital artist Mike Winkelmann aka Beeple.

The piece is one massive image that contains every single everyday that he has done from May 1st 2007 to January 7th, 2021. ⠀

The NFT-based digital artwork sold for a whopping $69 million making Beeple the third most-valuable living artist in the world behind David Hockney and Jeff Koons.

 

View this post on Instagram

 

A post shared by BRAND MINDS (@brand_minds)

Thanks to NFTs, you can become the owner of a digital artwork, an NBA shot or a tweet.

Wait, a tweet?

Yes!

And not just any tweet, Jack Dorsey’s first tweet in 2006.

The auction is set to end on March 21. Jack announced he will donate the proceeds to Give Directly’s Africa Response fund for COVID-19 relief.

The highest bid for the tweet is currently $2.5 million.

Blockchain firm Ripple to end partnership with MoneyGram

In 2019, MoneyGram and blockchain firm Ripple announced a partnership where MoneyGram will distribute Ripple’s digital currency XRP across the world and Ripple will invest up to $50 million in MoneyGram. XRP, Ripple’s digital currency is the world’s third most valuable cryptocurrency after Bitcoin and Ethereum.

In its announcement, MoneyGram said it would use Ripple’s xRapid liquidity product to help process cross-border payments for an initial term of two years. As for Ripple, the main benefit of this deal is increased credibility for its digital currency.

Two years later, the companies have decided to end their partnership agreement.

In its statement, Ripple said:

We are proud of the work we were able to accomplish in a short amount of time, as well as the impact we were able to achieve in bringing this first-of-its-kind product to market. Together, we processed billions of dollars through RippleNet and On-Demand Liquidity (ODL).
We are both committed to revisiting our relationship in the future. We still believe in the promise of digital assets and blockchain technology to change the status quo in global payments for the benefit of billions of consumers around the world.

PayPal steps up crypto efforts with acquisition of blockchain security startup Curv

PayPal announced last week that it has agreed to acquire Curv to accelerate and expand its initiatives to support cryptocurrencies and digital assets.

Curv is a leading provider of cloud-based infrastructure for digital asset security based in Tel Aviv, Israel.

PayPal, now boasting 375 million consumers and $2.4 billion in profit for 2019, said in its statement that “The acquisition of Curv is part of our effort to invest in the talent and technology to realize our vision for a more inclusive financial system.”

Last year, PayPal announced its commitment to help shape the role that digital currencies will play in the future of financial services and commerce.

Blockchain.com Crypto Wallet outage affects ‘large number’ of users

On March 9, Blockchain.com, the world’s oldest crypto company, experienced an issue that prevented its users from accessing their wallets.

Upon investigation, the company reported that a fire at one of their many data centers had caused the outage. The issue was fixed eight hours later with wallet functionality being fully restored.

The demand for internet-based services has increased over the past few years. Businesses are now adopting cloud services and advanced technologies for operation, data storage and other related work. Blockchain technology is now a significant driver for data centre demand.

With data centres growing bigger and more powerful, the rate of fire incidents is also increasing. To prevent the type of outages that Blockchain.com experienced last week, data centers operators must adopt fire detection and suppression systems.

As this report mentions, the cost of IT equipment and downtime of the server room is much higher than the cost of the fire suppression system.

Blockchain.com to leverage the business experience and clout of Jim Messina, Obama’s former political and corporate adviser

Blockchain.com was launched in 2011. In the past decade, the company developed a popular cryptocurrency wallet as well as an exchange and an explorer.

According to the latest statistics, people have created 65 million wallets on the company’s website or using mobile apps. Since 2012, 28% of bitcoin transactions have been sent or received by a Blockchain.com-managed wallet. In February 2021, the company raised a $120 million funding round.

Who is Jim Messina and why does Blockchain.com need his expertise?

Jim Messina is one of the world’s most successful political and corporate advisors.

He is the mastermind behind President Obama’s 2012 re-election campaign. Before crafting the strategy that would get President Obama re-elected, he spent a month learning organizational growth, marketing and emerging technologies from the CEOs of some of the most successful companies in the US: Apple, Facebook, Microsoft, Salesforce etc.

The press release announcing that Jim Messina will be joining the Blockchain.com Board of Directors also mentions the reason behind this decision:

“Jim’s experience and guidance will be invaluable as we navigate the process of bringing crypto to the first billion people.”

Australia’s Government Allocates $5.3M for Blockchain Pilot Projects

The government of Australia has allocated $5.3 million to the Department of Industry, Science, Energy and Resources to study the role blockchain technology can play in regulation.

The money will be spent on two pilot projects intended to show how cost reductions in regulatory compliance are possible with the use of blockchain. The projects will focus on the supply chains of critical minerals and food and beverages.

This news is not surprising with Australia being one of the top leading countries in blockchain technology.

Last year, Australia released its 5-year National Blockchain Roadmap in which it said it was exploring the potential benefits of blockchain to create new economic growth and improve productivity.

The roadmap delves into three main industries which it believes would benefit from applying blockchain: the agricultural sector, the education sector and the financial services sector.

Join the Conversation

Blockchain Business News 1-7 March

This is the weekly wrap of blockchain business news for 1-7 March. Subscribe to get the news you need for your business!

RubiX announced full-scale NFT launchpad

RubiX is a full-scale Blockchain-as-a-Service (BaaS) and security solutions company. The company was established in 2012 and has recently migrated all of its solutions to its own open source blockchain. Read more on the BaaS market.

The BaaS company has announced the launch of its Non-Fungible Tokens (NFT) application. The application is built on the highly-scalable RubiX blockchain backed by proprietary QR Code technology that secures, authenticates and proves ownership of digital and tangible assets.

With its application, RubiX is aiming “to make NFT more accessible to our enterprise partners and general consumers.”

The RubiX blockchain is several times stronger than Bitcoin and Ethereum. Each transaction is completed within ~250ms.

RubiX NFT is a digital asset that can be applied to industries including sports merchandise and memorabilia, luxury goods, real estate and financial institutions like asset management, insurance, payments and fintech.

VTB and Gazprom Neft launched Smart Fuel, a Blockchain-Enabled Payments

VTB or Vneshtorgbank was established in 1990 in Russia to service the country’s foreign economic transactions and promote its integration into the global economy.

Gazprom Neft, a subsidiary of Gazprom, is the third largest oil producer in Russia.

Gazprom Neft’s aviation refueling business is operated by Gazprom Aero. Gazprom Aero has recently launched Smart Fuel, a revolutionary approach to aircraft refueling.

Smart Fuel is a digital payment system which allows airlines to instantly pay for the fuel directly through fully secure financial transactions in real time, 24/7.

The technology has reduced the transaction time from 4-5 days to just a few minutes, while also significantly cutting down on airlines’ costs.

AC Milan raised over $6 million with their $ACM Fan Token

Italian soccer club AC Milan has become the latest sports team to take advantage of the crypto movement.

The team has debuted with their $ACM Fan Token on Binance, the world’s biggest cryptocurrency exchange. In just a few hours, the team had raised more than $6 million in new digital revenue.

The $ACM Fan Token is on the Chiliz blockchain-based fan engagement platform Socios.com. Fan Token holders have access to a range of club benefits, including the right to vote in polls, VIP rewards, exclusive club and sponsor promotions, games, chat and ‘super-fan’ recognition.

Amazon supports Ethereum on its AWS platform

Amazon Web Services has launched an enhanced version of its Amazon Managed Blockchain service that features support for the popular Ethereum blockchain platform.

Amazon Managed Blockchain allows customers to encrypt Ethereum transaction data both at rest and while it’s traversing the network.

The service also includes tools that companies can use to continuously synchronize transaction data from their nodes with the other nodes that make up the public Ethereum main network.

Ethereum is the second blockchain platform that AWS has made available on the service. Amazon Managed Blockchain also supports Hyperledger Fabric, which is maintained by the Linux Foundation and targets the enterprise market.

Blockchain reached space

JP Morgan has successfully tested a blockchain transaction in space using Danish space firm GomSpace’s satellites.

It is the world’s first bank-led tokenised value transfer in space, executed via smart contracts on a blockchain network, established between satellites orbiting the earth.

The transaction was executed between two GOMX-4 satellites in the low Earth orbit (LEO), which validated the approach towards a decentralised network where communication with the earth is not necessary.

Hive Blockchain Sees Crypto Mining Income increase by 174%

Hive Blockchain (HIVE) is a publicly traded cryptocurrency mining firm. The firm benefited from the bull market in digital assets last quarter as bitcoin (BTC) prices rose and closed last year with $13.7 million, a 174% increase from the same period a year earlier.

The Vancouver company has a current market value of $1.57 billion after passing the $1 billion mark in early January. The lion’s share of operations are dedicated to mining Ethereum (ETH).

What is crypto mining?

Crypto mining means gaining cryptocurrencies by solving cryptographic equations through the use of computers. This process involves validating data blocks and adding transaction records to a public record (ledger) known as a blockchain. Bitcoin miners receive Bitcoin as a reward for completing “blocks” of verified transactions which are added to the blockchain.

Marc Cuban is a member of the NBA’s blockchain advisory group

Following the amazing success with Top Shot Moments, the NBA has established a blockchain advisory group to explore potential uses of the emerging technology.

The group includes billionaire Dallas Mavericks owner Mark Cuban, Washington Wizards owner Ted Leonsis and Brooklyn Nets owner Joseph Tsai and is tasked with determining how to leverage blockchain to benefit the NBA’s business.

JPMorgan posts 61 blockchain jobs

J.P. Morgan is one of the global leaders in financial services. S&P Global ranked JPMorgan Chase as the largest bank in the United States and the 5th largest bank in the world by total assets.

The bank has recently established a business unit solely focused on blockchain development, called Onyx, in October. Liink is J.P. Morgan’s peer-to-peer blockchain-based data network, operating under Onyx.

True to its commitment to digital currency and blockchain, the bank is now aiming to build its blockchain engineering team. The JPMorgan site is now displaying 61 open jobs for blockchain ranging from software engineers to a DevOps Engineering Lead (Vice President).

The majority of the job openings are in India, Singapore, the US and the UK.

Global Blockchain-as-a-Service market expected to grow by 62.73%

The global Blockchain-as-a-Service market size is expected to grow at an impressive CAGR of 62.73% to $52.5 billion by 2026, according to this report.

What is Blockchain-as-a-Service?

Blockchain as a Service (BaaS) is a type of blockchain service offering that allows business customers to use cloud-based solutions to develop, host and adopt their own blockchain applications, smart contracts and other relevant functions on the blockchain.

What are the main global Blockchain-as-a-Service market drivers?

The main drivers of the global Blockchain-as-a-Service market are:

• The increasing awareness of the benefits provided by blockchain technology;
• The need for security in transactions.

The business community is beginning to discover the many benefits that blockchain technology brings to the table. Born into the finance industry, blockchain technology is rapidly expanding outside it.

Looking to engage with your customers in a new and exciting way?

You should consider NFTs.

What is an NFT?

NFT stands for non-fungible tokens. A non-fungible token is a special type of cryptographic token which represents something unique.

NBA games are watched by millions of fans worldwide. In an attempt to provide fans with a new experience, the NBA has taken the idea of physical memorabilia (the standard basketball cards) and upgraded it with the help of blockchain technology. And thus a new kind of collectables emerged: the NBA Top Shot Moments.

The Top Shot Moments are video clips of basketball plays with animations that fans can collect and own.

Is it possible to own a moment in time?

Now it is!

These clips are licensed by the NBA and minted on the blockchain in limited supply. Each Moment has a nonfungible token (NFT), which is unique to that specific Moment. The NFT proves the authenticity of the traded Moment, and without the need to send physical memorabilia, the transfer is very quick.

Fans love the Top Shot Moments: in just a week, sales increased by 100%, jumping to over $200 million.

Gaming is another industry that benefits from blockchain technology.

Alien Worlds is one of the leading blockchain games on the market. Trilium, Alien Worlds’ native currency, has driven users to the game and catapulted it to the number one ranked decentralized game by user base.

The game is currently hosting over 13,000 players and close to 20 million in-game transactions. Blockchain has allowed gamers to capitalize on their hobbies, ushering in a world where people of all skill levels can monetize their hobbies.

On average, Alien Worlds players are making anywhere between $60 to $300 per month. Top Alien Worlds players are pulling in about $35,000 per month.

In finance and banking, blockchain technology provides solutions to a wide range of problems.

For example, blockchain fixes the problem of paper in the bank guarantee process. Paper is slow and expensive and can be easily subject to fraud. Recently, the industry has announced its first standardised digital bank guarantee developed on a blockchain-based platform.

The banking industry had initially rejected blockchain and cryptocurrencies. Today many global banks like JPMorgan and Citi use blockchain technology.

JPMorgan has established a business unit solely focused on blockchain development and developed a peer-to-peer blockchain-based data network called Liink. Liink helps lower transaction costs and reduce the required time needed to resolve banking inquiries from up to a fortnight to a few hours.

What are the key global Blockchain-as-a-Service market challenges?

The challenges faced by the global Blockchain-as-a-Service market are closely related to the challenges faced by blockchain technology irrespective of industry.

Here are blockchain’s main challenges according to this report developed by Deloitte:

1. Lack of understanding of how blockchain works

Businesses need to increase their level of understanding and decide if blockchain is right for them.

2. Collaboration

Businesses need to identify the problems or opportunities their organisations share with others in the sector and collaborate to harness network effects.

3. Culture

Blockchain technology requires a dramatic change in how we view the world. In order to embrace blockchain, the business environment needs to shift away from the traditional ways of doing things. From centralised to decentralized – that’s a big step which some organisations are not prepared to take.

4. Regulation and governance

Blockchain applications are usually working outside existing regulatory structures. Regulators must understand the technology and its impact on the businesses and consumers in their sector.

5. Security and privacy

Because many blockchain applications are linked to known identities, questions are raised about privacy and the security of the data stored and accessible on the shared ledger.

Who are the top leaders in the global Blockchain-as-a-Service market?

List of the top leaders operating in the Blockchain-as-a-Service (BaaS) market are:

Oracle
Oracle Blockchain Platform Cloud Service is a solution that offers ready-to-use code for running smart contracts and maintaining a tamper-evident blockchain.

Microsoft
Azure Blockchain Service provides Microsoft customers with a foundation for blockchain apps in the cloud.

Accenture
Accenture offers blockchain solutions for frictionless business by bringing the right combination of capabilities to their customer’s unique infrastructure, challenges and strategic vision.

Alibaba
Alibaba Cloud BaaS (Blockchain as a Service) is an enterprise-level PaaS (Platform as a Service) based on leading blockchain technologies. This service helps customers build a stable, secure blockchain environment.

IBM
IBM’s blockchain platform has already proven its reliability and has been recognized as an industry leader.

Huawei
Huawei Blockchain Service is a highly-secure and efficient BaaS platform built for enterprise usage and blockchain app development.  The platform allows companies and developers to build and deploy blockchain applications much faster and cost-effectively on Huawei Cloud.

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