Citizens Reserve Looking to Blockchain for Supply Chain Solution

Supply Chain Solution

Followers of enterprise blockchain solutions are aware that supply chain management is probably the most talked about use-case for distributed ledger systems in the corporate world. Many companies and enterprise consortiums have announced blockchain-based supply chain pilots and proofs-of-concept, but, as with many real-world enterprise applications, full-scale production systems are currently works in progress at best.

High-tech startup Citizens Reserve is planning to change this with their SUKU platform, newly announced in a press release obtained by BlockTelegraph.

Supply Chain as a Service

SUKU positions itself as an industry-agnostic, supply chain as-a-service offering. This promise is unique amongst blockchain-based supply chain solutions, as supply chains vary greatly between industries, and solutions are usually custom-built, constituting one of many income sources for large consulting companies. In fact, the founders of Citizens Reserve include several former Deloitte blockchain executives.

Advantages to trading partners provided by the SUKU ecosystem include access to real-time, transparent data on the precise location of goods, privacy of partners, a bid and order marketplace, auditability of activities, and the automation of contractual agreements.

Citizens Reserve CEO Eric Piscini said, “The current supply chain environment is complex and difficult to navigate. Almost all enterprises require a supply chain to some extent, but the technology supporting them remains expensive, inefficient and fragmented. With SUKU, we’re planning to build the decentralized supply chain as-a-service platform that can span across industries, enabling our trading partners to interact in a way that’s been all but impossible up until now.”

Warehouses are an important part of the supply chain.
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Image Credit: CTsabre14 / Wikimedia Commons

He also cites recent incidents, such as Chinese pharmaceutical scandals, as examples demonstrating the need for transparent traceability across supply chains.

While the objectives of SUKU are clearly very ambitious, the proposed architecture is also interesting. SUKU will combine two blockchains: the public Ethereum network and a permissioned blockchain based on J.P. Morgan’s Quorum.

Quorum is an Ethereum implementation specifically designed to set up consortium blockchains where data privacy and confidentiality can be maintained. Thus, Ethereum will be used for payments, whereas Quorum will implement the more privacy-reliant parts of the platform, such as smart contract support for bids and offers.

The announcement of the SUKU platform is clearly a promising step towards off-the-shelf blockchain-based supply chain solutions. As usual with these projects, it remains to be seen if the creators of the platform can achieve their high goals. According to the SUKU roadmap, development is ongoing and v0.1 of the platform will be released in the fourth quarter of 2018.

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Dr. Stefan Beyer
Dr. Stefan Beyer is editor-at-large at BlockTelegraph and a Blockchain consultant and smart contract auditor. He graduated from the University of Manchester in 2001 with a degree in Computer Science and obtained a Ph.D. in 2004 from the same university with the title “Dynamic Configuration of Embedded Operating Systems”. Since then he has worked in computer science research in distributed systems, fault tolerance, ubiquitous computing and cyber security. He is currently working as head of research and development for a medium-sized cyber security company in Spain.

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CoinAgenda Announces 5th Annual Global Conference

Mandalay Bay Hotel CoinAgenda Global Conference

CoinAgenda’s Three-Day Gala Will Feature Speakers, Contests

CoinAgenda has announced its fifth annual CoinAgenda Global Conference in Las Vegas, Nevada. From October 23 – 25, the event will feature 50 initial coin offerings (ICOs) and 25 public blockchain companies, along with 60 cryptocurrency experts.

With a focus on international blockchain trends, speakers will include notable personalities, such as Miko Matsumura, co-founder of Evercoin, and Olga Feldmeier, CEO of Smart Valor. They will present on digital currency trends, Bitcoin price dynamics, and other related topics. The conference will particularly emphasize growing ICOs and security token offerings (STOs).

One of the main aspects of the event is an ICO startup competition, featuring as many as 50 companies. Those interested in competing must enter before the Oct. 9 deadline, although the deadline will be cut short if the maximum number of participants is reached beforehand.

CoinAgenda ICO contestants have been responsible for more than $600 million in funding and $15 billion in market capitalization in the last two years. Any startup that has not launched its ICO, as well as any public or private blockchain below $200 million capitalization, is eligible to enter the contest.  Each contestant will give an onstage presentation of their ICO or blockchain and receive a conference booth, as well as two conference passes. Those who place in the top five spots for ICOs and the top three spots for blockchains will be awarded prizes, as well as publicity in the crypto community at large.

CoinAgenda Global Conference
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Image Credit: CoinAgenda/coinagenda.com

The Conference Hosts Speakers, Panels, and Parties

The conference’s opening day will focus on crypto exchange and blockchain incubators, as well as the current situation of international crypto regulations. Jeremy Gardner, co-founder of the Blockchain Education Network, is slated to participate in a panel on the subject of “Generation Blockchain,” as well as a fireside chat. Mike Jones, CEO of Science Blockchain, will also hold a fireside chat. Additionally, there will be various panels and talks on new crypto infrastructure models. The day will end in a cocktail party at the Moorea Beach Club.

The second day of the conference will feature presentations and panels on the growth and implementation of digital currency funds and the latest movements in blockchain investments worldwide. Enzo Villani, former managing director of strategy at NASDAQ and managing director at Transform Strategies, is scheduled to lead a panel covering the most up-to-date developments in STOs. VideoCoin founder Halsey Minor will also present his thesis on why 2019 will be the year that businesses welcome blockchain technologies in a new era of growth. The conference contest will take place that afternoon, with the day wrapping up with the “Legendary Dinner” hosted in a celebrity mansion.

On its final day, the conference’s activities focus on how to establish the skills and network to survive in the evolving regulatory environment of the industry. It will also feature 50 ICO presentations and investor panels, closing with a party at a Las Vegas mansion.

The conference has a 750-attendee limit. Tickets can be purchased on the CoinAgenda website, as well as by emailing info@coinagenda.com.

Headline 4: Three-Day CoinAgenda Conference Will Showcase Experts and Investor Opportunities

Headline 5: CoinAgenda Global Conference Is a Las Vegas Party with Learning, Investor Opportunities

Sources:

Provided press release

https://global.coinagenda.com/

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Börse Stuttgart Unveils New ICO Platform to Help Blockchain Start-ups

Stock exchange charts

Navigating the Regulatory Minefield

Blockhain-crypto start ups are here to stay, and while most of them are eager to play by the rules, they need a helping hand or two from organizations with expertise in regulatory matters. This regularity environment must walk a tightrope of clarity, best practices, and an aversion to overzealous oversight that risk throttle the industry. We’ve seen the fruits of such a beneficial environment already in Malta, which has formed the vanguard of crypto-friendly countries in Europe, and Estonia, which has designs on a “digital republic“.

However, financial and securities regulations aren’t easy to understand. Very often, start-ups interpret their offering in one way, only to find that regulators have interpreted it rather differently. Take, for instance, the dim view the US Securities and Exchange Commission (SEC), has taken of so-called utility tokens. Numerous start-ups believed their tokens did not fall under the definition of a security due to their ‘utility’ on the platform.

The SEC, following a principle of “Substance over form”, reviewed the aggressive marketing of these tokens and noticed the vast majority of people were buying the utility tokens with the expectation of a future profit. This classification from on high has led to a scramble among ICOs and a full scale swing to Security Tokens, which start-ups hope will avoid regulatory carpet bombing.

This is where Börse Stuttgart, Germany’s no. 2 stock exchange, enters the picture.

Gavel and law books
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ICOs need outside help to avoid the long arm of the SEC. Image credit: succo / Pixabay

 

An Integrated Platform

Börse Stuttgart is developing an integrated service offering for digital currencies, which, they hope, will remove the grey areas that often plague ICO sales. The company will allow blockchain start-ups to conduct their ICOs over their new platform in a transparent manner. The platform offers services in a centralized manner so that the start-ups can work with a single integrated service provider. Börse Stuttgart is also developing a secondary market for the ICO tokens sold over their platform. A secondary market are important for most blockchain-crypto projects, since brings in the much needed ‘network effect‘.

Börse Stuttgart is a well-established player in Germany with their floor-based stock exchange. Retail investors can trade in various products here — equities, securities derivatives, exchange-traded funds (ETFs), and bonds, to name a few. Founded in 1860, and based out of Stuttgart, the company lays claim to broad expertise in various kinds of trading as well as regulation, all of which will come handy for ICO token issuers who use their new ICO platform.

The company is also developing a crypto trading app, named ‘Bison’, which they plan to release in September 2018. Their new ICO platform will follow the release of Bison. Alexander Hoptner, their CEO, is upbeat about the project which sits well with their strategy of promoting digital currencies in a transparent and regulated manner.

Börse Stuttgart isn’t the only stock exchange serious about blockchain and crypto; “SIX”, the company that owns and manages Switzerland’s stock exchange, is building “SIX Digital Exchange” (SDX), an integrated market for cryptocurrencies. Increasingly, it looks like Europe is taking the lead in blockchain and cryptocurrency technology. Time will tell if other global financial powers can keep pace.

 

 

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