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New Exchange to Offer Customizable Dashboards — Giving Traders the Information They Want

A company wants to stand out from ‘copycat’ exchanges by offering a customized dashboard where traders can decide the information they want to see.

A new exchange says it has the goal of becoming “the most professional, global and secure marketplace for digital assets” — utilizing state-of-the-art technology that it claims can deliver a processing capacity of 1.5 million order matches per second.

ProBit says its platform is “fast, robust and reliable” — helping to give its users an upper hand while trading. The company says security is a priority, and this is why it promises to store “95 percent or more of digital assets in a cold wallet” — protecting users against security breaches and theft. Hardware security keys are also being made available to traders, which are “impossible for hackers to crack,” yet convenient to use.

According to the company, many traders end up using multiple exchanges because they cannot find the trading pairs they want — or because the user interfaces are too difficult to understand. ProBit aims to remedy this problem through a modular dashboard — meaning that the layout can be personalized around the needs and interests of a trader. Instead of pushing the same information to every user, Probit appreciates different crypto enthusiasts are interested in different things, and wants to put the power in their hands.

Through ProBit, “a wide array of the most trusted coins and tokens on the market” can be traded — and the company says that more than 150 cryptocurrencies will be available. This is complemented by hundreds of trading pairs. Five of them — Bitcoin, Ethereum, USDT, EOS and the native ProBit token among them — serve as “base currencies.”

Customizable user interface for traders of all levels

According to ProBit, many of the exchanges out there at the moment are failing to hit the sweet spot when it comes to attracting users from all backgrounds. It says that, as a rule, most exchanges are geared toward inexperienced traders or experts. Although some platforms do enable traders to toggle between basic and advanced modes, the ProBit says this just means that every user is not getting what they fully need.

This is the rationale behind the fully customizable interface. Every component can be moved and resized as per their priorities — enabling traders to benefit from a service that acts as the left hand to their right hand. This personalization even extends to the colors used on tickers, giving users the chance to find a layout tailor made for them.

Of course, using a crypto exchange for the first time can be a daunting experience — and this is why ProBit offers an array of preset layouts for new users. This serves as a starting point which enables traders to figure out how they want to lay out the vast amounts of information that the company exchange has to provide.

ProBit says that its platform will be active 24/7, and customer support will be available in multiple languages — cementing its goal of becoming a global exchange.

A global player

The company is clear that it wants to be more than a copycat exchange that seems to offer identical features to the platforms already out there. ProBit says this ambition is going to be realized thanks to its team of executives. While CEO Hyunsu Do worked as an accelerator for fintech and blockchain-based companies, CTO Steve Woo amassed 25 years of experience in the software industry thanks to his tenure as CEO of Linux International.

The main sale of ProBit tokens — known as PROB — is taking place on Dec. 3, 2018 and will last for only one day. The company stresses that these tokens are never going to be used for marketing or bounty services. Moreover, its team adds that they are not going to charge listing fees for projects to be traded on ProBit for three reasons: to protect users, because it amounts to a conflict of interest and because it enables them to be selective.

Ronald Chan, the director of partnership for ProBit, shared that projects from around the world have submitted themselves for listing on ProBit because of the co-marketing campaign that ProBit and crypto projects will conduct together. He added that this win-win partnership raises the visibility of both parties.


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Linux Foundation Launches New Hyperledger Blockchain Training Course

The Linux Foundation has opened enrollment for its new advanced training course for Hyperledger Fabric blockchain technology, according a press release published September 5.  

The new course, ‘Hyperledger Fabric Fundamentals,’ is a further addition to the Foundation’s enterprise-oriented blockchain education efforts, which already include an online self-paced “Blockchain for Business” course via the nonprofit online learning platform 

According to today’s press release, Linux will release Certified Hyperledger Sawtooth Administrator exams later this year, specific to the Hyperledger Sawtooth modular blockchain platform.

As the Foundation’s Clyde Seepersad notes, recent data from TechCrunch has suggested that blockchain engineering jobs are “the second-fastest growing in today’s labor market”:

“[The pace of this growth is] leading to a shortage of professionals who are qualified to implement and manage [the technology] on an enterprise scale. After seeing more than 100,000 students take our free introductory Hyperledger course, we knew it was time for more advanced training options, and certification exams to demonstrate the extent of professionals’ knowledge.”

Today’s press release indicates that the new advanced course will enable students to tackle the fundamentals of blockchain and distributed ledger technologies (DLTs), alongside “the core architecture and components” that underlie decentralized Hyperledger Fabric applications.

As Cointelegraph has just reported, fresh data continues to indicate that the blockchain job industry is enjoying a sustained uptrend, particularly in Asia. Interest in blockchain and roles appears to have been more consistent among job-seekers than Bitcoin (BTC)-related positions, which appear to be more strongly correlated with price volatility on the crypto markets.

In keeping with the fast-paced expansion of the blockchain sector, a wide range of major international universities offer blockchain, smart contract, and cryptocurrency-related courses.

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Northern Trust Partners With PwC To Make Real-Time Equity Audits Via Blockchain

Leading global asset management company Northern Trust (Nasdaq: NTRS) has announced that audit firms can now access fund data stored on a private equity Blockchain to audit specific events in real time, according to a March 19 press release.

Northern Trust launched the first commercial implementation of Blockchain technology for private equity on Feb. 21, which allowed a limited number of clients to manage ownership shares on a transparent Distributed Ledger Technology (DLT) platform. Now audit firms can have their own Blockchain node, managing access to relevant fund data that enables real-time audit capabilities, says Northern Trust.

The most recent development was made in partnership with PwC to provide instant access to a secure “golden copy” of private equity lifecycle events. According to the press release, this will improve the efficiency of the auditing process by making the underlying transactions more transparent to audit firms.

According to the press release, the Northern Trust Blockchain solution is based on the open source Linux Foundation Hyperledger Fabric and is using the IBM Blockchain platform to provide safety and scalability of transactions.

Blockchain technology is being widely accepted by various businesses and institutions around the world to improve the efficiency, safety, and speed of information exchange. On March 19, virtual clinic TrustedHealth announced the implementation of Blockchain to provide remote consultation from doctors. On March 15, a major Canadian bank filed a patent to make credit scores more ‘transparent’ via Blockchain.

On March 14, the government-backed Investment Association of China (IAC) confirmed the contents of a leaked document regarding the creation of an “International Blockchain Investment Development Center”. The center aims to introduce industry standards and Blockchain investment alliances and funds.

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Russia’s National Settlement Depository Pilots Blockchain-based Commercial Bond Trading Platform

The National Settlement Depository (NSD) is piloting its new commercial bond trading platform that is built on top of the Hyperledger Fabric. The NSD is the central depository for the biggest securities exchange group in Russia.

According to NSD Executive Board chairperson, Eddie Astanin, their ultimate objective is to establish a Blockchain infrastructure for novel financial products to operate on.

“The ultimate goal [of the] NSD is to build Blockchain infrastructure for any innovative financial product to operate on. Once the infrastructure is created, [the] technology holds potential to deliver a large variety of financial products and services operated by smart contracts.”

California-based software company Altoros has also contributed to the development of the prototype bond trading platform.

Result of the MegaFon bond sale test

As part of the trial run, Raiffeisenbank Russia has utilized the prototype bond trading platform to buy $10 million worth of bonds of Russia’s second-biggest mobile phone network company MegaFon. The bond’s redemption date is December 22.

According to NSD, it has determined that the technology is effective in keeping the trading process pn the platform “simple and transparent” despite the short-lived nature of the pilot test.

NSD’s other Blockchain initiatives

NSD is also advancing other projects based on Blockchain or distributed ledger technology (DLT). Among them is the creation of a cryptocurrency wallet for banks, pension funds, and retail investors.

Moreover, the NSD has also embraced open-sourcing, with their code publicly viewable on GitHub.

The Hyperledger consortium is led by the Linux Foundation and its main goal is to build Blockchains for business enterprises. The consortium is currently comprised of over 130 members.

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New Transparent Blockchain-Based Cloud Platform by Oracle and Its Leading Competitors

Technology firm Oracle has announced the scheduled launch of its Blockchain technology-based Oracle Cloud Platform in 2018. The platform is aimed at helping businesses employ the technology for supply chain management and smart contracts.

According to Oracle Cloud Platform senior vice president Amit Zavery, the technology has the capability to transform how business transactions are done, to make them more transparent, secure, and efficient.

“Blockchain holds the promise to fundamentally transform how business is done, making business-to-business interactions more secure, transparent, and efficient.”

The Oracle Cloud Platform is designed to offer “pre-assembled” tools for business enterprises to use for operations that require contracts, transactions, and tracking.

The platform is developed on top of the open-source Blockchain called Hyperledger Fabric by Linux Foundation. The Hyperledger Fabric is a private digital ledger that is designed to be very difficult to tamper with.

It is endorsed by some Oracle competitors including SAP, Intel, Cisco, and IBM. The Oracle Cloud platform is currently in beta testing mode.

Blockchain projects applications

Various companies beyond the finance sector are increasingly utilizing Blockchain technology to replace the traditional authentication practices in law, shipping, and real estate.

Among the companies there is IBM, which is collaborating with distributors such as Nestle and Walmart to integrate the technology into their supply chain procedures, with an aim to help lessen the spread of foodborne diseases.

According to the Hyperledger Project executive director, Brian Behlendorf, there’s a lot of business opportunities involving the assistance of other companies, in their bid to integrate Blockchain into their operations.

“Oracle’s support for Hyperledger Fabric is great to see. It’s one more validation of the market acceptance of what we believe can become – a standard platform for enterprise distributed ledger applications.”

Helping Blockсhain adoption

Oracle has been a member of the Hyperledger Project since early September 2017. By democratizing the integration smart ledger to their processes, such moves from tech giants may just be the very push that Blockchain needs to sustain its growth within the commercial space.