CoinGeek Seoul Conference Day 2 highlights

While the first day of the CoinGeek Seoul Conference at the Le Meridien Seoul dove deeper into the technical capabilities of Bitcoin SV (BSV) blockchain, Day 2 looked at the actual use cases for the real world—from real estate, tech, gaming and entertainment, as well as environmental innovation and more as speakers and attendees discuss the business models and opportunities enabled by BSV.

Founding President of the Bitcoin Association Jimmy Nguyen opened the day, which was filled with announcements as companies introduced their BSV-driven projects. One of the biggest news was the introduction of ONEStore’s BUSKON, a platform musicians can use to upload their work and get paid in tokens bought for BSV.

“BUSKON is a music content distribution. Music players upload their content, while the customer, they listen or watch, [and] if they like, they just give a token to them [uploaders],” ONEStore CEO Jay Lee told CoinGeek, explaining why they chose BSV. “We made a lot of trial and errors, so finally we found that BSV can resolve all the issues we have.”

CoinGeek Seoul Conference Day 2 highlights

BitBoss, meanwhile, introduced a new casino product that aims to onboard crypto users in the space. In his presentation, CEO and co-founder Matt Dickson explained how they started years ago with a private chain called Multichain, which led the company in the right direction—to BSV.

Now, their new hardware product Bridge is poised to become a huge leap for slots and other electronic games found in casinos. Bridge is an end to end solution that allows players to play their favorite slot, have that machine update the back-end of the casino, and also communicate with a player via their phone, either their current credit amounts or marketing items the casino wants to put in front of them.

Using BSV, BitBoss has already created baccarat, roulette and lottery games, and is currently working on sic bo. The company also plans to offer Bitboss as a platform for other game developers to build on.

When asked how far away we are from having these games rival traditional offerings, Dickson said “we’re very close.”

So there’s a lot of online casinos now that accept [BTC] or BSV or Litecoin, whatever it may be, as a method of payment. What we’re trying to do is actually replace the entire infrastructure so that all the transactions are happening on the chain as well. And we’ve taken a lot of care to create very high value content… These games will have provably fair built in as well. So they’ll function just as well as a traditional online product, they’ll have provably fair built in, and they’ll run on the blockchain.

For Centbee, it’s all about crossing borders. The African Bitcoin payment solutions provider announced a new offering, Centbee Remit.

“It’s really good to disrupt cross-border remittance in the country,” co-founder and CEO Lorien Gamaroff told us. “In Africa, it’s infamous the high costs that it takes to move money, and you know, averaging 15%. Because of our innovative technologies, we believe that not only is this going to be a convenient and easy to use, cheap product, but it’s going to comply with all local laws and regulations.”

Also taking the center stage is WeatherSV, explaining how weather—on the blockchain—is bringing data driven industries to a whole new level. Founder Paul Chiari noted in his speech, “We see weather is important to everybody some way or another, and has a big impact on things like transport, insurance.”

On the sidelines of the event, Chiari explained to us the big idea behind WeatherSV: “It’s part of a bigger idea around agriculture industry and other industries. There’s a lot of waste and things like that. I see that data, you know, autonomous data collection from IoT devices and other ways, by getting their data and sharing it and utilizing it throughout supply chains and things like this so you can save a lot of waste, minimize a lot of waste and create a lot of efficiencies.

The fireside chat between Nguyen and nChain chief scientist Dr. Craig Wright was undoubtedly one of the biggest highlights of the two-day CoinGeek Seoul Conference. Aptly titled, “The Satoshi Chronicles: Part II,” the chat revealed a more emotional side to the man who created Bitcoin as he recounted his original vision for Bitcoin and what ultimately led him to a hiatus from the Bitcoin community.

Bitcoin, according to Dr. Wright, was created as an honor system—not for facilitating drugs and other “evil things” and illegal activities. The goal was for everyone to build applications that would positively impact people. Instead the very first commercial application that was built by someone on Bitcoin was, unfortunately, a heroin store, which eventually led to the creation of the Silk Road.

This led to Dr. Wright helping build software for tracking criminal organizations; however, he still felt his whole life’s work was being put to waste, and became “incredibly disillusioned.” Dr. Wright felt responsible and very remorseful for the casualties caused by the products sold on the Silk Road, to which Nguyen responded with, “I’m going to tell you, my friend, it’s not your fault.”

Even the attendees were riveted by the “insightful and very honest” discussion. David Case, chief architect of Kronoverse, told us on the sidelines of the event: “It was refreshing to hear his views in a historical context.”

George Siosi Samuels, managing director of Faia, noted the “good match” between Nguyen and Dr. Wright, saying, “Jimmy does a great job bringing out Craig’s relaxed side.”

For Brad Monahan of Jumpstarter, it’s all about accountability. He told us:

You can sense that he’s trying to bring the best in the world, and you know, for someone to come out and say, ‘Hey, I’m Satoshi Nakamoto. I’ve created this,’ and also, he’s also about accountability, and for him to sit up on that stage and say like, you know, ‘This was causing so much problems, and I brought that.’ He didn’t physically do it, but he built the platform for people to do it, but the fact that he came forward, it means righting the wrong, he’s building Bitcoin SV, and he’s pushing what Bitcoin’s originally supposed to be. It really shows he’s backing up and making things right.

The two-day CoinGeek Seoul conference came full circle with Nguyen closing the event by delivering the key message to the Bitcoin ecosystem: “It’s time to build.”

Catch all the recaps, interviews and highlights from the CoinGeek Seoul Conference here at CoinGeek.com.

WeatherSV review: Reshaping global climate data storage with BSV

As blockchain technology started to be introduced, one question was repeatedly presented. Businesses want to know why a new technology should be adopted before making any commitment to change, and they have a valid point. The amount of money and resources that have to be applied to an operational transition is substantial, and no successful business will dedicate those components without an understanding of what they will receive in return. Bitcoin SV (BSV), the only cryptocurrency and blockchain project that follows the original Bitcoin design, has repeatedly provided a wealth of real-world applications that demonstrate how versatile and flexible the BSV blockchain is. One of these applications is WeatherSV, which is revolutionizing how global weather data is managed, in ways that no conventional solution could ever provide.

WeatherSV was first introduced on April 3 of this year. Since then, it has grown to include 4,631 active channels across the globe and processes over 110,000 transactions each day – all with hourly updates to the channels. Based out of Australia, the developers behind the platform set out to create a solution that would capitalize on the benefits of the blockchain to increase efficiency and reduce waste associated, initially, with the country’s agricultural activity.

Weather data is autonomously fed to the BSV blockchain, where it is recorded, indexed, stored and put to use. It’s more than just a way to see what the temperature outside is, though. The development team is making it easier to store climate details such as precipitation, humidity, air pressure, UV Indices, historical data and forecasts. Feeds from existing weather stations are also being linked in to provide as much data as possible.

Among other locations, WeatherSV has existing channels in the U.S. – in cities like Miami, Newport Beach, Minneapolis and more – and in countries that include Australia, Canada; South Korea; Panama; Mandalay, Myanmar; Germany; Oslo, Norway; China; Argentina; Chile and Israel. Users can create their own channels for right around $4, allowing them to easily store local weather data for their own use, or to share with the global community.

The platform exists on BSV for two simple reasons. BSV is the only blockchain that can provide on-chain scaling to levels that support major amounts of business-related data and traffic. In addition, the transaction fees associated with BSV are substantially lower than they are with other blockchain solutions. WeatherSV developers explain, “To run the same application on BTC [Bitcoin Core] or even BCH [Bitcoin Cash] although technically possible would be cost prohibitive.”

While certain businesses may not be able to readily identify the benefits of WeatherSV, although there are many, the underlying capability is important. The ability to manage large amounts of data and transactions on a single, immutable platform that has been proven to be robust gives companies the ability to embrace the blockchain efficiently and easily, increasing their internal and external processes and providing a boost to their bottom line.

The Bitcoin Vision: Episode 14

The Bitcoin Vision: Episode 14

Founding President of the Bitcoin Association Jimmy Nguyen is back this week for another update on technical developments in the Bitcoin SV ecosystem. Bitcoin SV is rebirth of the original Bitcoin, finally unlocking the true power of Bitcoin’s original design, protocol, and Satoshi Vision.

As always, there’s been more rapid growth in the ecosystem. This week is still all about growth as Nguyen looks at existing companies applications that are expanding their business or services on BSV, including UNISOT, WeatherSV, and RelayX and Relay One.

Norwegian company UNISOT recently secured some investors in its seed round, including tech entrepreneur and founder of Ayre Media, Calvin Ayre. UNISOT is building a supply chain management solution on the Bitcoin SV blockchain. This solution leverages Bitcoin blockchain’s ability to act as the Universal Source of Truth, and BSV’s massive scaling capacity to support enterprise-level activity.

UNISOT plans to use digital tokens and a smart contract system with a BSV-based token as they deliver improved Enterprise Resource Planning (ERP) systems, with the addition of security and use of tokenization that BSV blockchain technology offers. Read more about UNISOT and its recent funding round here.

Meanwhile, the team behind Weather SV has also made a couple of announcements. First, in celebration of the almost 250 active weather channels, WeatherSV has committed to one year’s worth of channel funding, based on current fees, with each new activation.

Second, WeatherSV has also enabled a JSON API endpoint that is accessible from the blockchain. With this feature, users can now access the weather channel data from on-chain resources. Check it out here.

Jack Liu also relayed more good news for the Bitcoin SV ecosystem. The RelayX “Super Wallet” founder has announced Relay One, a simple button that allows online e-commerce, platforms and independent sites to accept payments from any local payment form that has been integrated in the Relay blockchain settlement network.

Jack explained in a Medium post how “The One button can easily be plugged into any website and appears just like any other payment method.” At launch, Relay will support payment forms including Bitcoin SV as well as WeChat Pay, and Alipay. Stay tuned because Relay will be opening private testing soon for interested merchants.

This week’s Satoshi shout-out goes out to the three finalists of the first ever Bitcoin SV Hackathon. Over 200 developers from 19 countries joined Bitcoin Association’s first ever virtual hackathon on BSV, and because the quality of the entries was so high, the judges named 14, rather than the originally expected 10, semi-finalists. From there, the entries were narrowed to the top 3: TonicPow, UptimeSV, and Polyglot.

Polyglot is designed to be Bitcoin SV’s most intuitive way to interact with a myriad of Metanet protocols through Python, while TonicPow enables peer to peer advertisements, allowing users to monetize their sites and earn BSV directly from advertisers, and UptimeSV is a distributed performance & uptime monitoring for robust, DDoS-hardened enterprise systems.

Watch The Bitcoin Vision: Episode 14.

While you’re at it, also check out the previous episodes of The Bitcoin Vision here.

New app delivers automated local weather feeds on Bitcoin SV chain

New app delivers automated local weather feeds on Bitcoin SV chain

A new app has been launched for recording local weather and climate data on the Bitcoin SV (BSV) blockchain, in the latest example of an app developer using OP_RETURN transactions in a practical use case.

The app, WeatherSV, was put together by the team behind Australian IT services firm FNQComputers, which announced the launch of the app on Twitter. According to the team, the automated weather channels can be activated from 40,000 live stations and the climate data can be stored on the BSV chain forever.

The app provides a web interface for users to begin recording weather data on the blockchain, covering a comprehensive data set including temperature, humidity, wind speed and air pressure.

Notably, the tweet references notable Bitcoin developer Unwriter, nChain Global and Money Button for their contributions to the project. According to the WeatherSV website, the service relies on bitdb, datapay, Money Button, and Open Weather Map, as well as the BSV blockchain.

WeatherSV allows users to record weather data for their local area, written immutably to the BSV blockchain as a permanent data record. The data is indexed for easy retrieval, and can be searched as required.

With some 40,000 live weather stations covered in the network, the app offers potentially wide ranging access to local weather data. New channels can be created for A$5 (about $4), the A$1/month (about $0.71) to maintain the feed, which writes the data immutably to the blockchain as a permanent, searchable record.

So far, the site has already activated channels for Saint Johns, Antigua and Barbuda; Melbourne and Geelong West in Australia; Toronto and Vancouver in Canada; Seoul, South Korea; Panama; Mandalay, Myanmar; Frankfurt am Main, Germany; Oslo, Norway; Hangzhou, China; Rosario, Argentina; Santiago, Chile; Beersheba and Tel Aviv in Israel; and Algonquin, Carol Stream, Miami, Minneapolis, Newport Beach, Rogers, Prairieville, and Keene in the United States.

The app demonstrates the capabilities of developments on Bitcoin SV, which benefits from being the most effective environment for blockchain developers, both technologically and practically.

The WeatherSV site, which went live on Wednesday, is the latest app to be powered by the Bitcoin SV blockchain. It comes at a time of heightened development activity in and around the BSV ecosystem, with developers, merchants and consumers increasingly preferring BSV to alternative platforms.

With minimal processing fees, fast transaction times and superior technology to other blockchains, BSV remains the platform of choice for innovative app developers.