The Blockchain Community is Changing the World

Blockchain Community

We have all heard about the radical innovation of blockchain technology where organizations from the U.S. Department of Defense, to IBM, to Walmart are all actively working with it. The blockchain is truly revolutionary and, according to U.S. Congressman Tom Emmer of Minnesota, is “amazing new technology.” What we forget, however, is that it is the people behind the technology that are making it great. In fact, I would argue it is the Blockchain Community that is changing the world, not just the blockchain.

What is Different about the Blockchain Community?

A community is a group of people bonded together by something in common. It could be proximity, purpose, race, religion, or just about anything that will draw people to unified action time and time again. So what separates one community from the next? In order to define a community of people, you have to start by documenting how they are unique. There are several unique characteristics worth exploring in the Blockchain Community.

  • Diversity

First on my list is diversity. The Blockchain Community crosses every type of traditional cultural boundary. Within the community, you will find people of all races, religions, education level, income level, nationality, gender, and political agenda. It is highly unusual that anything good cuts across the whole world like the blockchain does. Often times only tragedy will bring diverse groups of people together to act or feel as one. But here we have an example where something beneficial is what is drawing people together, from everywhere. Thus, the Blockchain Community is one of the most diverse communities that I have ever seen.

  • Innovation

Second on my list innovation. At times, I feel proud of the Blockchain Community knowing the developers are off working on solving scaling or building new ways to use Smart Contracts. As more and more people discover the wonders of the blockchain, I enjoy watching the impact of the community’s innovation spreading. If anyone thinks they know what the limits of this community are, stick around for a few more months and watch them surprise you.

  • Forethought

Third on my list is forethought. More than solving the clear problems of tomorrow, which we all know they will, the Blockchain Community is constantly thinking, talking, and planning for what is coming in six months, two years, or even ten years when considering quantum computing. For any group to survive and thrive, some of the members have to be fixing the problems of today and some have to be thinking about the problems of tomorrow. My sense is that the Blockchain Community has more forward thinkers than it has people trying to solve the problems of today. Sometimes I think the community needs a bit more balance but if it were going to be focused on just one side, forethought is the right choice.

These are just a handful of my observations about the fascinating Blockchain Community. I look forward to continuing to studying the people involved in cryptocurrency for many years to come. If you have thoughts about the Blockchain Community, feel free to reach to me.

Featured Image: depositphotos/ sdecoret

Victory Square Enters Into Definitive Agreement to Acquire 100% of Limitless Blockchain Technology, LLC.

Victory Square
Depositphotos/IgorVetushko

VANCOUVER, British Columbia, April 10, 2018 (GLOBE NEWSWIRE) — Subject to all requisite regulatory approvals, Victory Square Technologies Inc. (“Victory Square” or the “Company”) (CSE:VST) (FWB: 6F6) will acquire 100% percent of all issued and outstanding membership interests of Limitless Blockchain Technology, LLC (“Limitless Blockchain”) for $5,000,000 Canadian in total consideration (the “Purchase Price”).

Pursuant to a definitive share purchase agreement executed between the Company and the interest owner of Limitless Blockchain (the “Share Purchase Agreement”), the Purchase Price will be paid and satisfied by the Company through the issuance of 3,703,703 common shares in the capital of the Company (the “Consideration Shares”) at a deemed issue price of $1.35 Canadian per Consideration Share. The deemed issue price represents the closing price of the common shares of the Company on the Canadian Securities Exchange at the end of trading on April 9, 2018, the trading day preceding this news release announcing the acquisition, less a discount of 10%. In accordance with the terms of the Share Purchase Agreement, the Consideration Shares shall be subject to resale restrictions, which permit 8% of the Consideration Shares to be eligible to be free trading four months from the date of issuance to satisfy the statutory hold period and a further 8% every three months thereafter until the final balance of Consideration Shares is eligible to be free-trading in approximately three years’ time. The Share Purchase Agreement also contains standard representations, warranties and covenants for transactions of this nature.

The acquisition brings Limitless Blockchain – an established blockchain solution provider — into the Victory Square family of portfolio companies. Best-known for its work in developing an ecosystem of hardware, software, and networking products to meet increased global consumer demand for new age technology, Limitless Blockchain has the following three anchor products in late-stage development or already deployed in the marketplace:

  • L-Hash, a data centre in Nevada, currently runs over one thousand miners of Bitcoin, Ethereum and LiteCoin. L-Hash has spot orders in place for new mining equipment to double capacity over the next 12 months.
  • Limitless VPN is a user-based desktop miner for household use with over 11,000 users and a growing wait list of 6,000. The company plans to push this user base to 100,000 by the end of 2018 by expanding their data centre.
  • Limitless Audio is an audio streaming application currently in late stage development. Limitless Audio takes a decentralized approach, much like Napster, where a great deal of money is saved and provided to hardworking artists in exchange for using streaming capabilities to mine cryptocurrencies. Taking a community-centric approach, the company can incentivize users to host and maintain the platform.

Limitless Blockchain also has a series of other products in early to mid-development.

“Limitless Blockchain represents another dynamic addition to our growing portfolio of emerging technology companies,” said Victory Square Chief Executive Officer Shafin Diamond Tejani. “The Limitless team shares in our conviction that blockchain technology will have an overwhelming effect on the way consumers adopt and use everyday products in the future. Having already developed a suite of ground-breaking software and hardware solutions catering to consumers that will inevitably utilize blockchain products in the future, we saw an immediate opportunity to bring the team in house and assist in scaling their operations to serve a growing demand. In the coming years, we look forward to working closely with CEO Michael Shader and the Limitless team and their customers as we assist them in their next stage of growth.”

Limitless CEO Shader, who has been active in the blockchain industry for nearly a decade, will continue to run the Limitless operation as a division of Victory Square and will add significant value by working closely with other Victory Square portfolio companies.

“I’ve had the opportunity to meet with many venture capital firms over the years but Victory Square really stood out to us as a logical fit,” said Shader. “Outside of the financial resources, the team’s venture build style is very attractive to us. As a part of the Victory Square family, we now have the backing we need to make a real impact and we believe we’ll have a golden opportunity to reach some of our bigger goals.”

“As we continue to pursue our vision of leading the next generation of technology entrepreneurs to build world class products, we remain confident in our ability to scale our portfolio companies aggressively and maintain a healthy pipeline of acquisitions with a focus on increasing value for Victory Square shareholders,” added Tejani.

ABOUT VICTORY SQUARE TECHNOLOGIES INC.

Victory Square Technologies Inc. (CSE:VST) (FWB: 6F6) is a blockchain-focused venture builder that funds and empowers entrepreneurs to implement innovative blockchain solutions. Victory Square portfolio companies are disrupting every sector of the global economy including Virtual Reality, Artificial Intelligence, Personalized Health, Gaming and Film. Victory Square has a proven process for identifying game-changing entrepreneurs and providing them with the partners, mentorship and support necessary to accelerate their growth and help them scale globally. For more information, please visit www.victorysquare.com.

ABOUT THE CANADIAN SECURITIES EXCHANGE (CSE)

The Canadian Securities Exchange, or CSE, is operated by CNSX Markets Inc. Recognized as a stock exchange in 2004, the CSE began operations in 2003 to provide a modern and efficient alternative for companies looking to access the Canadian public capital markets.

FORWARD-LOOKING INFORMATION

This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the outlook of the business of Victory Square, including, without limitation, statements relating to the completion of the acquisition of an interest in Limitless Blockchain and the timing, cost and terms thereof, the impact of the acquisition on the Company, the strategic direction of the Company, and its goal of broadening its portfolio of interests in innovative companies. Such forward-looking statements may, without limitation, be preceded by, followed by, or include words such as “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans”, “continues”, “project”, “potential”, “possible”, “contemplate”, “seek”, “goal”, or similar expressions, or may employ such future or conditional verbs as “may”, “might”, “will”, “could”, “should” or “would”, or may otherwise be indicated as forward-looking statements by grammatical construction, phrasing or context. All statements other than statements of historical fact contained in this news release are forward-looking statements. Forward-looking information is based on certain key expectations and assumptions made by the management of Victory Square. Although Victory Square believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on them because Victory Square can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements contained in this news release are made as of the date of this news release. Victory Square disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

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3 Funny Blockchain Chrome Extensions That Will Make You Smile

blockchain chrome extensions

The Internet is a rather curious place where you can find everything you are looking for. In this world, even the most serious thing can be turned into a joke and it wasn’t long before blockchain enthusiasts (and their haters) began to joke around. Today we’ll introduce you to our favorite 3 blockchain chrome extensions that mock the hype of blockchain technologies and how their advocates see the world.

These are designed to make you smile…

1. BLOCKCHAIN TO BUTT

Everyone has a friend who likes to talk too much about cryptos. He doesn’t look you in the eye to avoid missing the second-by-second update of his favorite pair in Binance, and lives on talking about how the use of bitcoin is going to dethrone governments and established powers.

What better way to show your crypto enthusiastic friend how little you care about his new hobby? Substitute his most beloved word for his most hated one. The Chrome extension “Blockchain to Butt” replaces each mention of blockchain and Bitcoin with “Butt”. The results are quite interesting…

 

Original Source

2. ON THE BLOCKCHAIN

Since the advent of Blockchain, everything seems to be related to this Technology. Anything unrelated to blockchain seems to be outdated today. Well, this extension seems to fulfill the dream of every blockchain enthusiast, making everything happen in the blockchain. Everything…

Original Source

3. REPLACE BLOCKCHAIN WITH SPREADSHEET

The use of blockchain technologies has revolutionized industries. You can eliminate the need for trust between parties by implementing complex and revolutionary protocols to verify every transaction that has ever occurred since the beginning of the network.

However, when it comes down to it, the ‘jargon’ that is used when talking about blockchain can hype it up somewhat. This extension can bring enthusiasts back down to earth, changing the word ‘blockchain’ for a more friendly, simple, and (let’s admit it) boring concept – the ‘excel spreadsheet’.

>>Ethereum Is More Popular Than Bitcoin In India

Seeing things from this point of view makes us question the hype a little bit:

Original Source

After a trimester of horrific bearish tendencies, bans, and taxes from governments, a little humor is not a bad idea. It is always important to take things with a little humor and these 3 blockchain chrome extensions help a lot. But remember to turn them off when you have to “get back to the real world” especially if you work for The Wall Street Journal.

Featured Image: Twitter

UnitedHealthcare and Humana to Launch Blockchain Provider Record Pilot

UnitedHealth Care

Five of the largest U.S healthcare organizations; United Healthcare(NYSE:UNH), Humana (NYSE:HUM), MultiPlan, Quest Diagnostics (NYSE:DGX), and Optum, have just announced that they will be taking steps towards blockchain technology. The five groups will all be participating in a pilot program using blockchain technology to improve data quality.

A key component of this venture is to save administrative costs, as it has been calculated that $2.1 billion is spent every year chasing and maintaining provider data. All managed care organizations, physicians, hospitals, and diagnostic information service providers all hold separate copies of healthcare provider data. Provider data must be verified when processing health claims and many are often delayed due to a mismatch.

>> MedicalChain to Revolutionize Healthcare 

This is the first step to expose US healthcare to blockchain technology. There are a few key blockchain startups currently working to solve patient healthcare records kept on the blockchain. Their primary focus is to eliminate medical errors, giving providers full access to a patient’s full medical records instantly to aid them in making the best healthcare decision.

Cardiovascular disease and Cancer are shown be the leading causes of death in the U.S. by the CDC. However, medical errors fall just behind those leaders and aren’t even accounted for. Blockchain technology could aid in this problem that is plaguing providers across the nation. Just think of this scenario, you go to the emergency room for an infection and they give you antibiotics and instruct you to follow up with your healthcare provider after finishing the round of antibiotics. The infection hasn’t cleared and when visiting your health care provider, he refers you to a specialist. Currently, your medical records are spread out to four different locations the hospital, the pharmacy, your general practitioner, and the specialist.

Just think how easily there could be a miscommunication of information and how long it would take to obtain all the data from the various sources all to one location.

This new joint venture is only focusing on provider NPI, TaxID, and physical address, being held on the blockchain and it marks a positive step for the industry. Hopefully soon, we will see these big time health insurance companies partnering to get patient data on the blockchain.

Featured Image: CoinJournal

Blockchain Startup Spring Labs Creating a Credit Data Blockchain

Spring Labs

Good things are on the horizon for a particular Los Angeles-based blockchain startup. Not only will the startup benefit from what lies ahead, but so will various financial institutions. If you’re interested in the blockchain, perhaps one of the only headlines you should care about today centers around Spring Labs creating a credit data blockchain.

What Do We Know About Spring Labs Creating a Credit Data Blockchain?

On Tuesday, reports surfaced that Spring Labs has raised $14.75 million in early-stage investment. With this investment, the company plans to create a credit data blockchain. For those who don’t know, Spring Labs focuses primarily on decentralizing the data-sharing process in the credit sector. This is important news, considering it is a blockchain startup that started four mere months ago. It has two headquarters – in Los Angeles and Chicago.

Of course, it is impressive that a company that is still getting itself off the ground could cause such a wave in the market, but there’s another wow-factor to it all: the nearly $15 million haul is a significant amount of money, even for a company that has been operating for a year. According to reports published today, the seed funding round was led by August Capital, a California-based venture firm. There were also a number of other capital firms, most of which were blockchain-based, said to have participated. Examples included Jump Capital, cryptocurrency asset manager MultiCoin Capital, and GreatPoint Ventures.

So, what’s the point of the investment? Well, reportedly, the nearly $15 million investment will be used to further develop Spring Labs blockchain platform. If all goes as planned, we will see some of these developments within the next couple months. The investment will also be used to increase Spring Lab’s development team.

>>Google Researches Blockchain – Two Research Initiatives Announced

Now, Spring Labs might just be a startup, but as I’ve said, there are good things on the horizon. The company is “pursuing a potentially huge market,” according to a company spokesperson, as well as working to help financial establishments with identity verification. The investment will help Spring Labs build technology, but the technology “requires a world-class engineering team,” and, as mentioned, the money from the investment will partially be used to grow the Spring Labs development team.

What do you think of Spring Labs creating a credit data blockchain?

Featured Image: twitter

Google Researches Blockchain – Two Research Initiatives Announced

google researches blockchain

 

Since its foundation, Google has always been at the forefront of technological innovation. It is no secret that the company has grown exponentially not only in numbers but also in products and services offered to the market since its inception. 

Nowadays, Google is everywhere – the OS on your phone, the work internet search engine, your video platform, email service, messaging services – it is almost impossible for everyday users to live without google.

In the last few days, Google has been in the news again thanks to its desire for improvement – more technological innovation, as two research initiatives based on the use of blockchain technologies, have been announced and are currently being developed.

google researches blockchain

Blockchain for user safety

The first project that has been filtered was introduced on March 22nd under the name ‘METHODS AND SYSTEMS OF PERFORMING TAMPER-EVIDENT LOGGING USING BLOCK LATTICES’ and actually uses two blockchains to guarantee a completely secure logging system. According to the patent abstract, the technology uses a blockchain system with a slight added complexity:

“A method of performing tamper-evident logging may include identifying an existing block in a target blockchain, where the existing block is associated with a first signature, and identifying a block of a second blockchain, where the block that is identified is associated with a second signature. The second blockchain is not a part of the target blockchain. The method includes adding a new block to the target blockchain by linking the new block to both the existing block and the block of the second blockchain that is identified by generating a signature for the new block that is based on the first signature and the second signature and associating the signature with the new block. The target blockchain and the second blockchain may be part of a block lattice.”

That is to say, if the use of a blockchain is practically unalterable, the use of two blockchains in parallel gives both users and the company almost absolute certainty that their data will be unchangeable in a world where security is increasingly a key factor for life.

google researches blockchain

A blockchain for a better cloud.

Another area Google is experimenting with the application of blockchain-based services is Google cloud. According to a Bloomberg report, a small division of Alphabet Inc, the company behind Google, is researching on distributed ledger technologies to facilitate users and access to data through the cloud with the certainty that such information will never be lost in case of failures at the central level:

“Like many new technologies, we have individuals in various teams exploring potential uses of blockchain, but it’s way too early for us to speculate about any possible uses or plans,” an unidentified spokesman said.

Other investigations

Previously Google had already announced their interest in the use of blockchain technologies. Two years ago they were looking to provide a better storage system for banking, a sector that Ripple has conquered since its creation thanks to the use of blockchain for payment processing and in which IBM, Microsoft, and Amazon were gaining presence.

Also, according to a CNBC report, Google is also investigating the possibility of using blockchain to improve their Ads system. According to the website, Sridhar Ramaswamy, Google’s senior vice president of ads and commerce, said at the Advertising Week Europe conference in London when asked about the use of blockchain in his area :

“I think there is a lot of promise in things like that. Blockchain as a recording technology also has promise. It is super early for us to say whether they are going to become products just yet. We are actively looking at it. We don’t have any product announcements to make on this front.”

At the moment it is can be assumed that the technology is still under development, but safe to say that Google has a significant investment in blockchain research. Google’s technological advances have always shaped the future, and if the guys behind Google promote the use of blockchain to achieve their goals, such actions could give the industry the legitimacy needed to get the momentum it deserves.

Featured Image: twitter

Ireland’s Department of Finance to Create a Blockchain Working Group

Blockchain Working Group

It’s a known fact that the cryptocurrency sector and the blockchain sector have their fair share of issues. In fact, just last week, a team of researchers in Germany discovered that child pornography was being stored in Bitcoin’s blockchain. It can’t get much more controversial than that, can it?

That worst of it aside, the more common problem mentioned is that there is not enough regulation. This is a problem that has been addressed by many, however, the latest to take action is Ireland’s Department of Finance.

Ireland’s Department of Finance and Blockchain

On Friday, Ireland’s Department of Finance released a report, titled “Virtual Currencies And Blockchain Technology.” The report is roughly 31 pages and it discusses a number of subjects, such as providing researchers with an introduction to the cryptocurrency and blockchain sector, as well as providing an “overview of the global virtual currencies market.” However, the most notable section of the report is when Ireland’s Department of Finance discusses their plans to create a blockchain working group.

Ireland’s Potential Blockchain Working Group

What would the point of the blockchain working group be? Well, according to Ireland’s Department of Finance, the blockchain working group would help to create a cohesive regulation across government agencies. Essentially, the blockchain working group would bring forward a coordinated approach to the various rules centered around virtual currencies. Further, the blockchain working group would monitor developments in blockchain technology.

Additionally, the Department of Finance’s report on cryptocurrencies and blockchain mention that the blockchain working group would address various issues and considerations that have been brought up by “consumers, industries, the EU, and governments worldwide.”

As mentioned, cryptocurrencies have a number of problems attached to them. The most common is the following: A) not enough regulation, and B) they are susceptible to criminal activity, such as money-laundering. In the report, Ireland’s Department of Finance mentions that the public should remain vigilant when it comes to cryptocurrencies criminal activity and volatility, but they also emphasized an optimistic outlook as well.

>>Will New York Abolish BitLicense?

How? Well, the authors wrote that even though “criminality associated with virtual currencies represent a risk to governments,” there is still proof that indicates that “the majority of virtual currencies are purchased by investors” as well as “legitimate owners.”

Featured Image: twiitter

Researchers Discover Child Pornography Hidden in Bitcoin’s Blockchain

Bitcoin Blockchain

Blockchain has developed quite the reputation over the last year and a half. And why not? The blockchain is ten times more secure than other forms of data storage, primarily because it is virtually impossible to hack. However, the extra security has caused a number of problems for the blockchain sector, with the latest problem surfacing on Tuesday, March 20.

Bitcoin’s Blockchain: What Happened Tuesday?

On Tuesday, it was reported that a handful of German researchers discovered that an individual has been hiding, and storing, images of child pornography inside Bitcoin’s blockchain. This is extremely serious, and it brings into question what else blockchain is being used for. According to researchers from RWTH Aachen University in Germany, as well as researchers from the Data Protection Research Institute at Goethe University in Frankfurt, there were 1600 files found on bitcoin’s blockchain and eight of these files were sexual in nature. The research team stated that among the data were instances of pornography as well as serious privacy violations.

So, how did this happen? Doesn’t blockchain just act as a ledger for virtual currency financial transactions? The answer to that is yes, but bitcoin’s blockchain can also be used to store small quantities of information, which is where the illegal imagery in question was being stored. This, of course, is nerve-wracking to hear, but it actually gets worse: cryptocurrency users are now at risk.

Why are Cryptocurrency Users at Risk?

It might sound unfair, especially because a range of demographics are involved in the blockchain industry, but the research team announced Tuesday that anyone who downloads a blockchain could potentially be held legally responsible for the illegal content on the chain. If you’re spending bitcoin, it is important to keep in mind that spending the digital currency does not always require you to have a copy of the blockchain. However, this situation gets a little tricky when discussing other transactions, such as a number of mining techniques. Essentially, there are various transactions that call for the user to download the full blockchain or parts of it. To make matters worse, the researchers stated that this problem can “affect at least 112 countries in which possessing content such as child pornography is illegal.”

The Takeaway

This is going to be something that investors are going to want to remain watchful for over the next couple of weeks. It is a very serious offense, and there are bound to be repercussions in both the cryptocurrency and blockchain sector.

Featured Image: Twitter

  • Dump BITCOIN

  • I’ll give you $10 for every Bitcoin you’re willing to part with. Shall I provide a wallet address?

  • If you like the PEDO’S coin

  • If you likes the PEDO’S coin

Victory Square Enters Definitive Agreement to Acquire 49% of Flo Digital Inc.

Victory Square
Depositphotos/Perig76

VANCOUVER, British Columbia, March 21, 2018 (GLOBE NEWSWIRE) — Subject to receipt of all requisite regulatory approvals, Victory Square Technologies Inc. (“Victory Square” or the (“Company”) (CSE:VST) (FWB: 6F6) will acquire 49% percent of all issued and outstanding shares of Flo Digital Inc. (“Flo”), for $1,000,000 CAD in total consideration (the “Purchase Price”). In addition to the equity investment, Victory Square will be providing a $300,000 CAD convertible note. The note will convert upon a minimum financing of $1,000,000 CAD at a 20% discount to the issue price.

Pursuant to a definitive subscription agreement executed between the Company and Flo (the “Subscription Agreement”), the Purchase Price will be paid and satisfied by the Company through the issuance of 446,428 common shares in the capital of the Company (the “Consideration Shares”) to Flo at a deemed issue price of $2.24 per Consideration Share. The deemed issue price represents the closing price of the common shares of the Company on the Canadian Securities Exchange at the end of trading on March 20, 2018, the trading day preceding this news release announcing the acquisition. The Consideration Shares shall be subject to resale restrictions, which permit 8% of the Consideration Shares to be eligible to be free trading four months from the date of issuance to satisfy the statutory hold period and a further 8% every three months thereafter until the final balance of Consideration Shares is eligible to be free-trading in approximately three years’ time. The Subscription Agreement also contains standard representations, warranties and covenants for transactions of this nature.

Flo provides immersive and interactive VR ad experiences that aim to completely immerse the viewer into the brand experience, allowing them essentially to become the star of the ad. The Flo VR AD Tech platform has an active user network of 200M monthly viewers throughout North America. The VR network spans across several platforms, including HTC VIVE, Google Cardboard, Google Daydream, IOS, Android and Web VR. Flo offers a wide range of VR / AR ad formats that enable websites and app publishers to monetize their content, by seamlessly launching VR / AR ad experiences to their viewers, via the Flo SDK.

For example, one of Flo’s latest VR / 360 Video experiences for Chrysler Canada allows the user to virtually test drive the All New Dodge Challenger. Flo will be working with Chrysler Canada to distribute this 360-experience on-site at various National Chrysler events. Flo will also be distributing the experience through the Dodge Challenger 360 Experience –
https://drive.google.com/file/d/17bWLNKvLgyk_UnGYOXWSgB6tTdqtUz49/view?usp=sharing

“We are pleased to announce our investment in Flo Digital Inc., an innovative virtual and augmented reality company focused on disrupting the way advertisers connect with their end customers,” said Shafin Diamond Tejani, CEO of Victory Square Technologies. “Flo Digital has a proven track record of providing cutting edge and immersive VR/AR experiences to leading brands that include Chrysler Canada, Warner Bros., and Rogers Wireless to name a few. It is this caliber of customers and execution that makes the entire team at Victory Square eager to work with Flo Digital on their next stage of growth.”

“This represents another investment in the VR/AR industry and further illustrates our thesis that blockchain technology will disrupt the existing landscape in ad-tech and ultimately change the way brands will connect with their customers,” continued Tejani. “As Flo rolls out the first ever augmented reality blockchain solution as we anticipate rapid adoption from existing customers and a high degree of interest from new brands.”

Flo is currently building out the first ever Cause Related, Virtual Reality and Augmented Reality Blockchain – Ad tech platform. Flo will tie in a charitable component on every ad campaign, giving back a percentage of revenue from each campaign to select causes around the globe, being mindful of the cause-related premise, which is to help others.

“We are both excited and incredibly grateful to announce our new partnership with Victory Square Technologies, a leading Canadian venture builder,” said Roger Perry, CEO and Founder of Flo Digital Inc. “Victory Square’s passion for philanthropy, their undeniable proven track record in investing and exiting innovative companies, and their extensive experience in the blockchain space makes them the perfect collaborative partner for Flo. In the coming year we plan to work side by side with Victory Square in building the first ever Cause Related, Virtual Reality and Augmented Reality Blockchain.

ABOUT VICTORY SQUARE TECHNOLOGIES INC.

Victory Square Technologies (CSE:VST) (FWB: 6F6) is a blockchain-focused venture builder that funds and empowers entrepreneurs to implement innovative blockchain solutions. Victory Square portfolio companies are disrupting every sector of the global economy including Virtual Reality, Artificial Intelligence, Personalized Health, Gaming and Film. Victory Square has a proven process for identifying game-changing entrepreneurs and providing them with the partners, mentorship and support necessary to accelerate their growth and help them scale globally. For more information, please visit www.victorysquare.com.

ABOUT THE CANADIAN SECURITIES EXCHANGE (CSE)

The Canadian Securities Exchange, or CSE, is operated by CNSX Markets Inc. Recognized as a stock exchange in 2004, the CSE began operations in 2003 to provide a modern and efficient alternative for companies looking to access the Canadian public capital markets.

FORWARD-LOOKING INFORMATION

This news release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Victory Square. Forward-looking information is based on certain key expectations and assumptions made by the management of Victory Square, including future plans. Although Victory Square believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Victory Square can give no assurance that they will prove to be correct. Forward- looking statements contained in this news release are made as of the date of this news release. Victory Square disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

Please See Disclaimer

Sierra Leone Election: Blockchain Was NOT Used

Sierra Leone election

Previous reports of the Sierra Leone election being the first ever to use blockchain have turned out to be false.

As reported by The Next Web, the Sierra Leone election didn’t actually use blockchain to tally the votes. This was confirmed by the National Electoral Commission (NEC) of Sierra Leone, which tweeted on March 18th that “the NEC has not used, and is not using blockchain technology in any part of the electoral process.”

Sierra Leone election
Source: Twitter

Later, on March 19th, the NEC tweeted how the Sierra Leone election process does work:

Sierra Leone election
Source: Twitter

The emphasis was, once again, on the fact that no blockchain technology was involved. Instead, the database “was developed in C++ and runs on MS SQL – neither of which are open source applications.”

So where did the rumours originate?

The Swiss company Agora, which offers a blockchain-based digital voting solution for governments and institutions, started them by claiming that Sierra Leone used the Agora blockchain technology in tallying and auditing the election results.

Not long after the election, Agora published a post entitled “Swiss-based Agora powers world’s first ever blockchain elections in Sierra Leone” – so, the confusion is understandable.

Media then did as media does, blowing the story up and spreading the falsehood further.

What Agora claimed, somewhat vaguely, was that “West Districts results were registered on Agora’s unforgeable blockchain ledger, and the tally made publicly available days before the usual manual count.”

What actually happened was that Agora was able to observe 250 polling stations in the West, which is only about two percent of the total polling stations, and then was able to later independently count the results from those stations. According to Agora, this is where the blockchain technology supposedly came into the picture.

What this means is that blockchain had no impact, or use, in the Sierra Leone election.

Agora has now released an official statement on the matter, based in fact.

>> Check out Crypto Madness: Guardian Circle ICO vs. TrustHealth ICO

What do you think? Did Agora mean well?

Featured image: The Conversation