Blockchain ad-buying program saving Unilever money

On Thursday, Unilever announced that the use of blockchain technology has helped the company save money. Executive Vice President for global media Luis Di Como told the advertisement news outlet Campaign that the packaged goods giant found no leakage in its media investments made using this technology as part of a pilot project.

This, according to Di Como, has helped save Unilever money in their ad reconciliation. This is the process where advertisers are able to ensure that agreements are delivered upon.

Unilever had been working with IBM to create this blockchain solution over the last 18 months. IBM has become a leader in artificial intelligence in the past few years, and concluded that the use of this technology saved Unilever about “two to three percentage points.”

Following the test of the pilot project, Unilever is now looking to scale the system by creating a consortium through a partnership with the ad software firm Mediaocean. Di Como explained, “This is not going for the latest shiny tool. We are going through our rules and our principles to build trust again and having full transparency across all of our operations. [It is not a] cost-cutting exercise. It’s about finding better ways of doing things and releasing capacity to invest more in strategy, communications and media investment.”

This move by Unilever appears to be a shrewd one. Many of the largest advertisers across the globe have been looking to implement blockchain solutions in an effort to drive down costs and increase transparency related to online ad space purchasing. This is a major issue in the United Kingdom, where it is reported that 60% of advertising is now spent online.

Executives at Unilever recognize this as well. It’s why they have developed this ad-buying program, looking to create a significant change in how they work with their ad agency. The company already has its own trading desk – Ultra – which is fitting perfectly into its hybrid model.

“We didn’t have, 10 years ago, a programmatic trading desk, neither internally nor at our agencies,” Di Como explained. “Our solution was to co-create something that is fully transparent. Now we are working on this with all of the skills and scale that we and our agencies provide together.”

While other companies have tried to implement blockchain technology as a means to improve ad programs online, Di Como points out that it has been the lack of collaboration that has caused many of these companies to fail, pointing out that Unilever’s efforts have a much greater chance of success because “all of us are working hand in hand throughout this process.”

Tips for securing Bitcoin venture financing

On September 30, in cooperation with Seoul CoinGeek Conference, there will be a “Pitch Day.” Blockchain entrepreneurs will pitch venture capitalists for investments in their businesses. 

The blockchain space has no shortage of intelligent idea people who have the next great idea written down on a cocktail napkin. They know that with some investment capital, they can change the world. 

That may well be true, but to find the investment money their ideas need, blockchain innovators will need to package and prepare their concept. 

They’ll need to prepare to present their next blockchain application ideas in the most transparent possible light. This preparation will allow venture capitalists and equity funds to understand the idea, understand the importance of the concept, and see that there will be a return on their investment. 

I spoke to a few of the key people taking part in Pitch Day. Paul Rajchgod is the Managing director for Private Equity at the AyreGroup. Dave Mullen-Muhr and Jack Laskey are both Principals at Unbounded Capital and Zach Resnick, Unbounded Capital’s Managing Director. The trio shared their considerations when it comes to investing in new businesses. 

“A goal without a plan is just a wish.” – Antoine de Saint-Exupéry

The first thing expressed was that before approaching venture capital or equity funds, entrepreneurs must have a Business Plan. For clarity, it’s not just a Powerpoint presentation but a well thought out plan for your business. 

Paul Rajchgod talks about the importance of preparation and legwork done by the people looking for investment, “In addition to having different investment mandates, every venture capital and private equity fund has its approach to seeking and assessing opportunities, managing risk, weighing pros and cons, undertaking due diligence, and ultimately deciding whether or not to proceed with an investment.”

He continues, “Some investors prefer later-stage investments whose business plans have been somewhat ‘de-risked,’ and some are more comfortable with start-ups and their higher risk profile.

In general, it’s very beneficial for companies seeking funding to have already done a lot of their legwork. Start building your product, start testing your market interest, start seeking out partners to join your team. It’s ‘your opportunity,’ so you’ve got to do the hard work of starting the business.” 

“Show me the money!” – Rodney “Rod” Tidwell

Investors want to know that the money they invest in your business will come back to them someday, it’s essential that you’ve considered how your idea will make money. Companies seeking investment will need to have a Financial Model to show investors as they’ll want to know that you’ve seriously thought about how your idea will make money. 

In this regard, Rajchgod said, “Also, you need to be able to explain to potential investors in a succinct and cohesive manner. 

What is your business is trying to achieve?

What is the problem you’re addressing? How are you addressing it? 

This needs to be explained in a business plan and with a sensible forecast – after all, you probably aren’t building your business for free.

What is the revenue model, and when does it kick-in? 

It’s ok that your forecast for ‘x years from now’ won’t turn out to be accurate, no company’s forecast ever is, but it’s still important for investors to see how you’re thinking about revenue, where it’s generated, what homework you’ve done to validate your views that customers will pay xx (whether in Bitcoin or fiat) for your product or service.

“Who are you? Who, who, who, who? Who are you?” – Pete Townshend

Blockchain investors will want to know who they are getting into business with; it’s vital that you are open and honest about your personal history and how long you’ve been working on this business. 

Zach Resnick sums it up well: “Trust is of the utmost importance for every relationship in life. Having a foundation of shared trust from previous business ventures or friendship is one of the most desirable unfair advantages an early-stage team can have.”

“Brevity is the sister of talent.” – Anton Chekhov

To complement your business plan, financial model and personal history, they’ll need a One Pager. Like the cover letter to a resume or a book synopsis, the One Pager gives the highlights of your plan; it will entice investors to commit to reading the rest of the dense documents you’ve submitted as part of your pitch. 

Rajchgod has questions he’d want to see answered, “Does the company solve a problem or maybe two with bitcoin as core to the solution? 

Is the technology scalable? 

Is the business already being built? 

Are customers using it (even in beta)? 

Is there a management team with depth in place? 

Does management have a track record of creating or helping to build growth companies before this one?” 

Jack Laskey adds, “Businesses can be complicated subjects. It may take a short book to explain how your business works and its possible applications fully. So while a one-pager may leave out important details, it provides an excellent opportunity to develop a language for describing your business in a succinct but exciting way. A great one-pager will help you have a better initial conversation with potential investors and partners. It also makes your business much more sharable, both internally within VC firms and externally among investors. If your product is highly technical, having multiple one-pagers addressing different audiences may be useful.”

“Sorry to be a wet blanket. Writing a description for this thing for general audiences is bloody hard. There’s nothing to relate it to.” – Craig S. Wright 

Blockchain and Bitcoin start-ups are on the radar of many equity funds and VCs looking to invest in the technology, without risking investing in a coin. It’s important to explain “Why Bitcoin?” 

Zach Resnick explains the allure, “By and large, entrepreneurs and investors love the hype that comes from new fundamental technology like blockchain. As a result, despite massive value being created, there are exponentially more projects that don’t have a firm grasp on what blockchain is than do.

Of those that do, few that can succinctly explain why, for example, building on Bitcoin gives them a competitive advantage or opens up a new market not possible before.”

Dave Mullen-Muhr continues, “Investing in Bitcoin businesses allows for a variety of potential business models. Some look similar to what has proven successful with existing tech companies, while others are novel concepts, with the ability for unusually low overhead, or entirely new monetization paradigms such as micropayments. 

What’s so exciting is that the businesses exploring these uncharted waters can set new precedents on how the internet will generate revenue.”

If you have the next great bitcoin idea and you need investment to take it to the next level, consider reaching out to the gentleman at UnboundedCapital.com or sending your pitches to the Ayre Group by using our Ventures Capital form.

Craig Wright, Jimmy Nguyen to speak at upcoming CHAINSIGHTS event in New York

The creator of Bitcoin Dr. Craig S. Wright and the Founding President of the Bitcoin Association are among the speakers in the upcoming CHAINSIGHTS Fintech and Blockchain Summit. The event, which will be held on October 10 in New York will bring together leading minds in the blockchain, tech, legal, academic and finance industries to discuss the future of blockchain technology.

The annual event will be held at the Marriott Marquis hotel in New York. Other than Dr. Wright and Jimmy, the event will feature presentations and panel discussions from industry leaders including former SEC Commissioner Roel Campos, the CEO of OpenFinance Juan M. Hernandez, the Deputy Executive Secretary of United Nation Capital Development Fund Xavier Michon, and David Namdar, a partner at Galaxy Digital Assets and more.

The topics to be covered include the crypto mining industry and the best way to invest, a crucial topic especially with Bitcoin block rewards set to halve in 2020. The speakers will also address blockchain development and investment in China. The Asian economic giant has blown hot and cold regarding the blockchain and crypto industry, and with some of the panelists having extensive experience in the Chinese blockchain industry, this will be a session you don’t want to miss.

The closing keynote address will be delivered by Roel Campos and it will center on the state of blockchain and cryptocurrency regulation. Campos, who served as an SEC Commissioner for five years, will shed light on what the SEC and other regulators have in store for the crypto industry.

The event is organized by ChainDD, a crypto and blockchain news site targeting the Chinese market with more than 2 million registered users. Apart from the distinguished list of speakers, CHAINSIGHTS will also bring together some of the leading companies in the tech and financial services industry including Google, IBM and Morgan Stanley.

ChainDD promises that the event will be “highly interactive, providing valuable opportunities for networking, idea sharing and potential partnerships with some of the most influential players in the field.”

To grab your tickets, head on to Eventbrite and secure your spot.

블록체인 기술 채택에 대한 과제는 무엇인가요?

블록체인 기술은 이미 산업에 혁신적인 영향을 미치고 있으며 전반적인 부문에서 블록체인 기술 채택에 따른 수혜를 입고 있습니다. 최전선에 있는 많은 혁신은 대기업에서 비롯되었으며 Bank of America와 같은 기업은 새로운 블록체인 응용 프로그램과 구현에 대한 많은 IP 활동으로 관심을 끌고 있습니다.

그러나 더욱 광범위한 조직의 경우 블록체인 기술을 채택하고 이에 따른 혜택을 누리는 데 여전히 몇 가지 주요 과제가 남아 있습니다.

“과대광고를 넘어선 블록체인: 비즈니스 리더를 위한 실용적인 체계”라는 백서의 세계 경제 포럼에 따르면 블록체인 기술 채택은 일종의 비즈니스이자 기술적 결정입니다.

“블록체인 채택 여부는 단순한 기술적 결정이 아니라 비즈니스 결정이기도 합니다. 우수 사용 사례는 조직을 위한 실제 문제를 해결해야 합니다. 훌륭한 사용 사례는 기술 채택에 따른 혜택보다 훨씬 더 낮은 비용으로 실제 문제를 해결합니다. 조직 내 의사 결정자로서 과대광고에 현혹되지 않는 대신 잘 정의된 문제가 있는 경우에도 블록체인 사용이 타당한 비즈니스 결정인지 여부에 대해 정직하게 생각하는 것이 중요합니다.” WEF 전문가는 다음과 같이 덧붙였습니다.

모든 기술 배치가 그렇듯이 비즈니스 자체가 출발점입니다. 하지만 블록체인의 고유한 특성은 블록체인이 사회의 기술 발전에 있어 독특한 지점에서 등장했다는 일부 이유로 새로운 분석 체계가 유용하다는 것을 의미합니다.

가장 분명한 것은 블록체인 기술을 채택하는 데 있어 기업이 직면한 주요 과제는 기술적 과제뿐만 아니라 개발 및 구현 비용입니다.

또한 기업은 기업 사용 사례에 기술적으로 더 적합한 블록체인 선택에 대한 과제에 직면합니다.

두 가지 측면에서 비트코인 SV(BSV)는 빠르고 저렴한 거래와 온체인 앱의 신속한 개발 및 배치를 허용하면서 상업용 블록체인 프로토콜로 대두되고 있습니다.

코인긱 서울 컨퍼런스는 개발자들이 비트코인 SV와 비트코인 SV가 세계의 새로운 화폐를 가능하게 하는 방법에 대해 더 많이 배울 기회의 장입니다. BSV를 처음 접하는 사람 또는 현재 다른 프로젝트에서 일하고 있는 사람을 포함한 개발자, 비즈니스 리더 및 기타 이해당사자들을 대상으로 하는 이 행사는 BSV가 세계적인 주류 채택 및 사용으로 계속 확장함에 따라 BSV 개발에 대해 더 자세히 알아볼 기회입니다.

비트코인 창시자 크레이그 라이트(Craig Wright) 박사를 포함한 존경받는 연사의 기조 프레젠테이션을 특징으로 하여 2일간 진행되는 이번 행사는 세계 각지에서 참석자들이 방문할 것으로 예상하며 비트코인과 블록체인 기술에 대해 더 자세히 알아보고자 합니다.

코인긱 서울 컨퍼런스 2019에 대한 자세한 정보와 티켓 구매는 지금 공식 웹사이트를 방문하세요.

What are the challenges to adopting blockchain technology?

Blockchain technology is already having a transformative effect on industry, with sectors across the board set to benefit from adopting blockchain technology. Much of the innovation on the frontline has come from large corporations, with the likes of Bank of America notable by their flurry of IP activity around new blockchain applications and implementations.

But for organizations more broadly, there still remain some key challenges to adopting blockchain technology and reaping the benefits.

According to the World Economic Forum in a whitepaper entitled “Blockchain Beyond the Hype: A Practical Framework for Business Leaders,” adopting blockchain technology is a business, as well as a technological, decision.

“Whether to adopt blockchain is not merely a technological decision; it is also a business decision. Good use cases must solve real problems for organizations. Great use cases solve real problems at a cost that is significantly lower than the benefits the adoption brings. As the decision-makers within an organization, it is important not to be tempted by the hype but instead to think honestly about whether using blockchain is a sound business decision – even in those cases where a well-defined problem exists,” the WEF experts noted, adding:

As with any technology deployment, the business need itself is the place to start. Blockchain’s unique properties, however, mean that a new analytical framework is useful, in part because of the fact that blockchain has emerged at a unique point in society’s technological development.

Perhaps most pointedly, the key challenge businesses face in adopting blockchain technology is the development and implementation costs, not to mention the technical challenges.

Furthermore, businesses face challenges over their choice of blockchain, with some more technically suitable for enterprise use cases.

On both fronts, Bitcoin SV (BSV) is emerging as the commercial blockchain protocol of choice, allowing for rapid, low-cost transactions and quickly development and deployment of on-chain apps.

The CoinGeek Seoul conference is a chance for developers to learn more about Bitcoin SV, and how it’s enabling the world’s new money. Pitched at developers, business leaders and other stakeholders, including those new to BSV or currently working on other projects, the event is a chance to find out more about the development of BSV as it continues to scale towards global mainstream adoption and usage.

Featuring keynote presentations from esteemed speakers, including Bitcoin founder Dr. Craig Wright, the two-day event is expected to draw attendees from around the world, keen to find out more about Bitcoin and blockchain technology.

For more information and to buy tickets for the CoinGeek Seoul Conference 2019, visit the official website today.

Get 20% off the CoinGeek Seoul conference tickets when buying with BSV, plus conference attendees can also take advantage of exclusive discount to the Le Meridien Seoul. Check out this link, select “Group code” at the Special Rates tab and simply type the promo code RE1RE1A to receive the hotel discount.

CoinGeek Conferences app – your guide to CoinGeek Seoul

CoinGeek conferences have been the must-attend events for the blockchain and cryptocurrency industry for the last two years. Each event has brought together the brightest minds in the industry, highlighting some of the most revolutionary solutions being built on blockchain technology. And now, there is an app to keep up with all these events, starting with the upcoming CoinGeek Seoul conference.

The CoinGeek Conferences app is available on the Google Play Store. After downloading the app, you can then easily register for CoinGeek Seoul, and connect with fellow attendees in app. The app contains all the information on what is happening in and around the CoinGeek Seoul conference. Alternatively, iOS users can download the Attendify app on the App Store, which they can use to search and register for the CoinGeek event.

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The CoinGeek Conferences app contains all the key information on the event, including a list of speakers which boasts the creator of Bitcoin and nChain Chief Scientist Dr. Craig S. Wright, the Founding President of Bitcoin Association Jimmy Nguyen, Money Button’s Ryan X. Charles, RateSV’s He Qiming, Jan Simit from Two Hop Ventures, Lin Zheming from Mempool, Sam Chi and more.

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Wondering when the Bitcoin SV Virtual Hackathon finalists will take the stage or which speaker will hit the stage and at what time? Not anymore. The app contains a detailed schedule for the two-day event, helping keep you up to date. The conference will kick off with Jimmy Nguyen who’ll make a presentation on the capabilities of application development on Bitcoin SV. Steve Shadders, Daniel Connolly and Lin Zheming will be some of the other speakers on the first day.

Users of the app can also take advantage of the in-app messaging feature which allows them to communicate amongst themselves. Moreover, the app allows you to connect your Twitter account and tweet about the event straight from the app. While at it, you can also check out some of the other tweets about the event from the other BSV enthusiasts.

The CoinGeek Seoul conference will be taking place at the Le Meridien hotel, and if you’ve never been to Seoul, the app’s got you covered with a map that contains the directions to the hotel.

For those who are still yet to purchase their tickets and book their spots at the event, the app has a link that easily directs you to the CoinGeek website where you can secure your spot. What’s more, you get a 20% discount on the ticket prices if you purchase them using BSV. And if you buy five or more tickets, you get a 50% discount!

Ensure you get your tickets today and download the CoinGeek Conferences app to stay up to date with the biggest event in the blockchain industry yet. 

PBoC dismisses talk of ‘imminent’ China cryptocurrency launch

The People’s Bank of China (PBoc) has dismissed talk of an imminent launch of its new cryptocurrency, citing the need for more time to address outstanding regulatory issues, state media outlet Xinhua reported.

The central bank had previously said its sovereign digital cryptocurrency was “almost ready,” leading to speculation in local press that it could be launched as soon as November. In fact, November 11 had been identified by some commentators as a potential date for the launch, coinciding with China’s Single’s Day, one of the busiest online shopping dates in the calendar.

However, the governor of the People’s Bank of China, Yi Gang, doused any further speculation in comments made at a press conference in Beijing, telling reporters the project did not “have a timetable.”

Development activity would continue, he said, in order to allow time for more work on “research, testing, trials, assessments and risk prevention.”

If the [sovereign] digital currency involves cross-border use, it will involve a series of regulatory issues regarding anti-money-laundering, anti-terrorism financing, anti-tax evasion as well as know-your-client protocols.

China is the first of the world’s major economies to begin work developing a state-backed stablecoin. Work has been underway since 2016, when the bank set up a dedicated research institute to explore the technology and how a fiat-backed stablecoin would work in practice.

Since then, the PBoC has acquired numerous patents covering elements and applications of its technology, yet has remained tight lipped on the specifics of the development work around their cryptocurrency.

Development activity appeared to speed up following the announcement of Facebook’s Libra last spring, and there have been suggestions of an approaching launch for China’s central bank ever since.

The PBoC has said that in time, the cryptocurrency will have the same legitimacy as current yuan banknotes, with the bank expecting digital transactions to replace fiat notes altogether in time.

With the news appearing to contradict recent speculation around the launch of the cryptocurrency, it looks as though the world will have to wait a while longer for China’s cryptocurrency. When it does eventually go live, the launch will be watched with keen interest from central banks elsewhere, with institutions in a number of countries reported to be considering similar proposals. 

Nigerian crypto wallet Satowallet disappears with users’ funds

A Nigerian cryptocurrency wallet is alleged to have pulled off an exit scam, disappearing with over $1 million in users’ funds. The users of Satowallet first started reporting withdrawal hitches in April, which led many to question the company’s legitimacy. However, the management reassured the users, blaming its technical issues on its web hosting services provider.

Satowallet was founded in 2017 and claims to be based in Dubai, according to a report by Finance Magnates. Its parent firm Blockchain Tech Hub is based in Nigeria’s capital, Abuja. The wallet supports over 60 cryptocurrencies.

The report reveals that users begun experiencing issues with their withdrawals in April. The company blamed the issues on technical hitches. However, during the time that the users were unable to access their funds, Satowallet claimed that several Telegram scammers exploited the upgrade period and stole some of the funds that the company held for its users.

In a statement afterwards, Satowallet assured its users that it had fixed the vulnerability. However, almost immediately after, it installed tough KYC measures which would take weeks to be verified. This further delayed the withdrawals for the users.

In August, the wallet became totally inaccessible for its users. The CEO said at the time that all its servers were down. He blamed the outage on OVH.ie, the wallet’s data center provider which had hosted the servers for the previous two years. The website and app were restored after a few days. However, the users’ coins got lost in the process.

Satowallet accused OVH of fraud and stealing the company’s wallet servers. Regardless of where the blame lies, the users’ funds are gone.

Despite the major steps the crypto industry has taken to identify and rid itself of exit scams, they are still occurring. A report by cybersecurity firm CipherTrace in August labeled 2019 as the year of exit scams. The report revealed that crypto investors have already lost $3.1 billion to exit scams this year. However, the lion’s share of this amount, $2.9 billion was lost when South Korean crypto exchange PlusToken vanished with customers’ funds.

Crypto could be ‘money of the Internet’: Hester Peirce

Financial regulators are too paternalistic. This is the viewpoint of “Crypto Mom,” better known as U.S. Securities and Exchange (SEC) Commissioner Hester Peirce. She earned her moniker for calling out regulators on several occasions for their heavy-handed approach to digital currencies and she’s back again, stating that it’s possible crypto could eventually become the money of the Internet.

Peirce was on hand for the Digital Asset Compliance and Market Integrity (DACOM) Summit held Thursday in New York, where she conducted a Q&A with attendees that focused mostly on the state of digital currencies and their regulatory oversight. Always excited about the prospects for blockchain and crypto innovation, she stated, “It’s been an honor to be adopted by a group of people who are really thinking in such exciting and interesting ways and trying to think about ways to change the world,” adding that, as the technology advances, digital currencies will become “much more the money of the Internet.”

Crypto Mom also took a few minutes to reiterate her stance that the SEC is not giving digital currencies their fair attention. She asserted, “If you want a government that’s more forward-thinking on innovation, that means that if something goes wrong, you can’t go running back to the government and say ‘Hey, you didn’t protect me from myself!’ …I think we need to be a little less paternalistic.”

Peirce has become somewhat disenchanted with how slowly the SEC is moving on crypto-related activity. A case in point is how long it is taking to make a decision on crypto exchange-traded funds (ETF), still not able to draw its own conclusion more than two years after the subject first came up. It has repeated sought delay after delay in making a decision, only to ultimately shoot all crypto ETF requests down.

She asserted during the summit, “When I came to the SEC one of my hopes was to help change the way it addresses innovation. In my first round I saw it was slow.” Peirce believes that this slow approach is one of the reasons the U.S. is losing its technological edge and becoming less competitive, a viewpoint that has been shared by other regulators and lawmakers for some time. However, until SEC Chairman Jay Clayton either opens his eyes or is replaced, the odds of significant changes being made are slim.

Since commissioners serve five-year terms and Clayton has been in for just over two, it could still be a while before someone else is at the helm.

Facebook Libra may not launch in time after all

Facebook founder and CEO Mark Zuckerberg has suggested Libra may not launch on time after all, in a week that has seen the stablecoin meet more resistance from regulators.

Earlier in the week, the Bank of Japan (BoJ) became the latest central bank to voice its opposition to the project, calling for strict standards of international regulation to control the proposed stablecoin.

Libra had been scheduled for release in 2020, with plans for an international rollout. Now, in an interview with Nikkei Asian Review, Zuckerberg appeared to imply there was flexibility in that timescale. Acknowledging the concerns of regulators and other industry stakeholders, Zuckerberg said Facebook would “work through” these challenges before proceeding with the launch of Libra.

A lot of people have had questions and concerns, and we’re committed to making sure that we work through all of those before moving forward.

Tellingly, he suggested it could take a number of years to get the launch right, in remarks which appear to come in response to the growing disquiet of financial regulators and central banks worldwide, saying, “Obviously we want to move forward at some point soon [and] not have this take many years to roll out…But right now I’m really focused on making sure that we do this well.”

Zuckerberg said that Facebook now intends to have a period of review and consultation before the launch, which could add further delay to the rollout.

“Part of the approach and how we’ve changed is that now when we do things that are going to be very sensitive for society, we want to have a period where we can go out and talk about them and consult with people and get feedback and work through the issues before rolling them out,” he told the news outlet. “And that’s a very different approach than what we might have taken five years ago. But I think it’s the right way for us to do this at the scale that we operate in.”

While Zuckerberg stopped short of putting a revised timeline on the launch, his comments pour cold water on the promise of a 2020 launch.

Even on a longer-frame timescale, Facebook still has a number of challenges to overcome in order to get its stablecoin into circulation. 

Crypto mining firm Hut 8 hits Toronto Stock Exchange

A crypto mining company has been granted conditional approval to list on the Toronto Stock Exchange (TSX), becoming the first company of its kind to be listed in a public trading venue in Canada.

Hut 8 Mining Corp. is the first company to be listed via the Toronto Stock Exchange Sandbox, where it will be given a 12-month probation period to demonstrate compliance. Should the company pass this compliance threshold, it will automatically join the main TSX after that period, opening it up to mainstream access to capital markets.

The Canadian mining company is an exclusive North American partner of mining hardware manufacturer Bitfury Group Ltd. Across its two sites in Alberta, the firm contributes 963 PH/s to the network, running 94 BlockBox AC mining units.

The TSX Sandbox was set up to allow firms that don’t satisfy the listing requirements for the main exchange, but might still otherwise be suitable candidates for inclusion on the exchange.

Hut 8 will be allowed a rolling 12-month period during which it must avoid compliance issues. During that period, shares will be available for trading in the same way as regularly listed securities. Any compliance issues arising during the period will reset the probation period.

For the duration of the period, Hut 8 will be required to make two additional disclosures, highlighting risks inherent in their investment proposition: First, “The value of Hut 8 shares is directly linked to the price of the Bitcoin held by the company. Volatility in the Bitcoin market can therefore impact the price of shares.” Also, “The company is in an early stage of development and therefore has a limited history of operations.”

Hut 8 securities will be listed under the HUT ticker symbol, or as “HUTMF” on the OTXQX Exchange.

The news means Hut 8 will now be able to access capital markets, the first company of its kind to list in this way in Toronto. It also serves as a trailblazer for other mining firms to list in future, though it remains to be seen whether the firm can overcome the compliance tests necessary to graduate to a full listing.

WhatsOnChain review: The crypto block explorer all others strive to be

Most people don’t realize everything that is going on behind the scenes when they send or receive a cryptocurrency transaction. Just like with any financial transaction, there are intricate steps that have to be followed exactly to ensure there aren’t any glitches in the process. Unlike other financial transactions, though, crypto users can actually see the process for themselves, as well as take a look at all other transactions and mining activity, through a block explorer.

There are a number of explorers out there already, but Bitcoin SV (BSV) has its own and it isn’t like the others. WhatsOnChain was the very first BSV block explorer and its beauty is in its ability to provide more succinct data in an easy-to-use package that is worthy of global attention.

Using WhatsOnChain is simple – all you have to have is a piece of information, such as a transaction ID or a crypto wallet address, to get all the details of when and who mined the data related to that transaction. Pop it into the search bar and receive a response almost immediately – in less than a second. It also gives a great representation of who is mining what blocks and how large those blocks are.

One of the things that makes WhatsOnChain so fascinating is the quickness with which the platform was put together. It literally came alive over a weekend after Bitcoin was revived as BSV in 2018. It was initially intended as just a way to check out where transactions stood in the processing stage, but has since morphed into a much more useful tool that has endless possibilities for both front-end users and back-end developers.

WhatsOnChain also makes it possible for the BSV community to watch what’s happening on the network, even if they’re away from the Internet. By teaming up with the If This Then That (IFTTT) platform, I was able to set up text message alerts to know when a new block is mined and when a new block size record was achieved. Those same alerts can also be configured to be delivered through email for additional flexibility.

Having access to a robust block explorer may not seem important to some casual users, but it is definitely a must-have tool for blockchain developers. Without a doubt, WhatsOnChain gets the job done in spectacular fashion and I now turn to it on a daily basis.