Zen to release community protocol

The community release of the Zen Protocol, Malkuth is rolling out on June 30 to enable token transferability
14 June 2018   346

The release of the Zen Protocol to the community - Malkuth, is going to allow all Zen Protocol Native tokens to be transferable at ease. The roll-out is set on June 30. Another feature will be the smart contracts activation that come with proven costs and full format verification support.

The initial mining algorithm will be SHA-3. The following update is going to include Multi-Hash-Mining. Import of the 24-word mnemonic phrase into the wallet is necessary in order to gain access to the tokens after the launch. As the Zen project approaches Genesis block inception, QA testing and audits are underway to ensure a stable and secure blockchain. Independent security researchers are welcome to review the codebase and give some feedback.

Zen Protocol is a decentralized financial system that gives clients control over their financial assets and acts as a trading floor, a broker and a tool for making new instruments. More information about the project is available here.

Ex S&P President to Invest in iComply Startup

The startup is aimed at developing tools and services to meet the regulative standards for blockchain start-ups
14 August 2018   114

Startup iComply, working in the field of regulatory technologies and compliance with standards, has just completed the initial round of financing, which was headed by former Standard & Poor CEO Deven Sharma, CoinDesk reports.

IComply, aimed at developing tools and services to meet the regulative standards for blockchain start-ups (especially for those that conduct ICO), said on Monday that it attracted a seven-figure sum during this invest-round, but did not say the exact figure. The round was also attended by DMG Blockchain and Block X Capital.

In addition, iComply reported that it was joined by former employee of the Commodity Futures Trading Commission (CFTC) Jeff Bandman, former Managing Director of NASDAQ and the Financial Services Industry Regulation Service (FINRA) Manny Alikandro, MIT Connection Science program member, Praveen Mandal and Prosecutor Thomas Linder.

According to Sharma, he decided to invest in the startup iComply, because the project "is focused on services for ICOs related to risks and compliance with standards." Compliance with the standards, he said, will ensure the transparency of ICO issuers and thereby help to ease the concerns of regulators.

Sharma also believes that iComply can contribute to the spread of crypto technologies, helping the entry of traditional financial services into this industry.

My interest is to see iComply evolve into a benchmark that investors can use to assess credibility of issuers, sustainability of underlying services and the price of ICOs. iComply's patent-pending software enables both security and utility tokens to monitor and document compliance, governance and risk procedures, before a public blockchain executes an immutable trade, providing trust, integrity and transparency for our clients. There have been a few ICOs that had a fundamentally robust offering that I understood and did interest me [but I] missed the opportunity. Others that have transparency from a service like iComply, I would [invest in].

Deven Sharma

Ex-president, Standarts & Poors

It is the ideas of transparency and trust, according to Sharma, that sparked his interest in order to start working with the blockbuster.