Ex-Deloitte Chief to costruct “Ethereum of Supply Chain”

Eric Piscini has left the firm presently boasting 1,200 employees and beginning with just 3. Now, he has decided to choose a different road
21 May 2018   1031

Piscini was frequently approached and tempted by Deloitte’s customers to join their companies and bring his blockchain expertise on a full-time basis to their table. Finally, the in-demand blockchain executive opted U.S.-based Citizens Reserve, which is aimed to join 2 blockchains, Ethereum and JPMorgan Chase’s Quorum, in order to build a worldwide supply chain network.

Early-stage launch of Citizen Reserve suggests a common database platform and allows each level of a supply chain to be available for users. A cryptocurrency based on the ERC20 Ethereum token standard, named “Zerv,” will be issued to all users in order to access the blockchain, and to simplify seamless cross-border and internal transactions. Zerv will also be supported by real-world assets. 

The private blockchain is more for supply chain transactions, and the public blockchain is used for payments. There is a bridge that we created that is kind of our secret sauce. We don’t give away equity in the company. That’s not where the value is going to be created. The value is going to be created at the token level, not at the equity level of the company. We have decided to start with the defense industry because we have relationships with key participants in the defense industry, and it’s a very broken supply chain across the globe. 
Eric Piscini
Ex-Executive, Deloitte

Piscini intends to restrict the involvement of speculators while keeping the token lucrative. However, it is, a struggle to detach these tokens from being termed as “securities,” as the company would invest 85 percent of the funds raised into unspecified assets. Piscini supposes that this investment will fix the price of the token and, finally, help with his original aim of dissuading speculators.

Bitfury to Unveil BTC's Lightning Network Tools

An open-sourced LN wallet, software and hardware payment acceptance solutions, etc
23 January 2019   77

Bitfury Group presented a number of tools designed to foster the development of the Lightning Network (LN), CoinDesk reports.

Among them: an open-sourced LN wallet, software and hardware payment acceptance solutions for merchants and payment processing. The company also introduced tools for developers and an open-source LN node called The Peach.

According to Bitfury representatives, all these tools are designed to make working with a second-level network easier and more convenient for companies and ordinary users. New products created by the Lightning Peach team.

By providing these products to the market, Bitfury is encouraging worldwide adoption of this technology and providing unparalleled support to consumers and merchants.

Valery Vavilov

CEO, Bitfury

Among other things, last week Bitfury added support for LN solutions on the BTCBIT cryptocurrency exchange.