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Does Monsanto Hire Internet Trolls?

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does-monsanto-hire-internet-trollsIn the last several months, it has been revealed that Monsanto has a strategy for dealing with its online reputation. The strategy involves paying people to say positive things about Monsanto, defend Monsanto, and take issue with anyone who might be attacking Monsanto. Monsanto is just one company to be caught doing this.

An employee of the company inadvertently admitted to the practice some months ago, and in the meantime, no major Monsanto force has come forward to deny the claims. This means that Monsanto has Internet trolls who stalk doctors and anyone who might come out against Monsanto and they troll them. On anything, to discredit them, not just on the things that affect Monsanto.

Other companies have been caught paying trolls and bloggers to go online and defend their image. It is unknown whether such tactics have had an overwhelmingly positive or negative impact on the reach of the brands who’ve employed them.

What is known is that a quick search of the job boards will yield several positions that relate to brand management online. These positions could very well be about trolling against negativity toward a brand or company. If it were so, and if it weren’t apparent, it could potentially be illegal down the line if not already.

Companies operating in today’s climate have totally new realities to deal with, such as forums that discuss their behavior and worthiness. To compete in these new conditions, companies must find ways to keep customers happy at a whole new level.

Images from Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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5 stars on average, based on 2 rated postsP. H. Madore has covered the cryptocurrency beat over the course of hundreds of articles for Hacked's sister site, CryptoCoinsNews, as well as some of her competitors. He is a major contributing developer to the Woodcoin project, and has made technical contributions on a number of other cryptocurrency projects. In spare time, he recently began a more personalized, weekly newsletter at http://ico.phm.link




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41 Comments

41 Comments

  1. stuart21

    August 6, 2015 at 1:14 am

    P.H., fair bet they do – but most obvious with fossil fuel cos and AGW deniers. Could suggest a few possible candidates! Usually their arguments are so ridiculous – amounting to ‘it’s not worth saving the planet if somebody might lose their job’
    If the social media required signups including a Skype video introduction (recorded for ‘posterity’) that might make them slightly more responsible for what they say – considering that in Europe that industry has just been successfully sued for environmental damage.

  2. el rebelde

    August 6, 2015 at 4:14 pm

    good trolls need to be really smart, otherwise they are outed really quickly as paid shills.
    It’s common knownedlge that big electronics/cellphone companies also employ trolls and shills…it’s a shame

    • Your1Friend

      September 4, 2015 at 5:25 am

      If companies were actually run by intelligent people of integrity—not merely clever people, skilled at manipulating the system to get blood money into their own pockets—they wouldn’t need PR firms, shills, trolls, paid liars.

  3. Eric Bjerregaard

    August 6, 2015 at 4:55 pm

    Stupid article and one that without proof should never have been written. Especially bad is the speculation that hiring trolls could be illegal. The first amendment still commands a little respect.

    • nick quinlan

      September 30, 2015 at 2:15 am

      Don’t worry, what you and the other trolls do, is not illegal. Just unethical

      • Eric Bjerregaard

        September 30, 2015 at 3:22 am

        I don’t worry Nicki. Telling the truth for free is a public service.

        • Tony Storey

          August 13, 2016 at 10:16 pm

          some truth comes with more incentives than others eh Eric?

          • Eric Bjerregaard

            August 13, 2016 at 11:37 pm

            Not that I know of, oh foolish user of the shill gambit.

          • Tony Storey

            August 13, 2016 at 11:44 pm

            personal attacks are a common thread in your arsenal that i have seen.

          • Eric Bjerregaard

            August 14, 2016 at 12:01 am

            Yep, shill gambit users deserve personal attacks and get no respect.

  4. Justin Couron

    August 6, 2015 at 5:00 pm

    In regards to this article with no sources, links, or evidence. That which can be asserted without evidence can be dismissed without evidence. Maybe comeback when you have written an article of substance.

  5. Doug Ducat

    August 6, 2015 at 5:29 pm

    The
    OP claims that “an employee of the company inadvertently admitted to
    the practice some months ago” of “paying people to say positive things
    about Monsanto, defend Monsanto, and take issue with anyone who might be
    attacking Monsanto.”

    The citation they use for this is the following second hand account:

    “Dr.
    Moar, perhaps forgetting that this was a public event, then revealed
    that Monsanto indeed had “an entire department” (waving his arm for
    emphasis) dedicated to “debunking” science which disagreed with theirs.”

    To which the observer concluded:

    “As
    far as I know this is the first time that a Monsanto functionary has
    publicly admitted that they have such an entity which brings their
    immense political and financial weight to bear on scientists who dare to
    publish against them.”

    Well,
    this just speaks for itself. You can’t assume his statement meant
    anything of the sort concluded by the author. In fact, I would say
    placing the operative, “debunk”, in there Dr. Moar is talking
    specifically about poor quality “science”… which by extension would
    mean that it would disagree with theirs, since they stand behind the
    quality of their science. While I agree the statement was somewhat
    ambiguous making it an easy target for anti-GMO activists to pretend he
    meant something he didn’t… you also can’t forget that the second hand
    account of what was said came from a live, real-time spoken
    statement…. which is easy to mishear, misinterpret, and misrepresent
    when repeated.

    My conclusion based on what has been presented:

    Not guilty.

  6. Your1Friend

    September 4, 2015 at 5:21 am

    I think you have provided confirmation for the article above!

    And precisely what is a “flying yoga instructor?”
    And precisely how does being a “flying yoga instructor” (whatever that may mean) necessarily discredit him?
    (Yes, we are perfectly aware that you are speaking of Jeffrey Smith).

    Also, do you presume to know more than that MIT professor?
    If so, why don’t you debate her on national television?

  7. Your1Friend

    September 4, 2015 at 5:22 am

    I think you are quite right. But I am sure that the person suffers from SDS “Shill Denial Syndrome.”

  8. Barely_Jay

    September 5, 2015 at 3:30 am

    Please do us all a favor and go poison yourself on dihydrogen monoxide, Conspiracy Troll.

  9. Sebastian Larsen

    September 5, 2015 at 9:28 am

    I think the only evidence I have seen for paid shilling online is done by the Steiner cult. You know, those people behind homeopathy and biodynamic ‘farming’. http://www.quackometer.net/blog/2012/07/the-insidious-pervasiveness-of-the-cult-of-rudolf-steiner.html

  10. Jakob Milhelm

    April 3, 2016 at 1:22 am

    • Eric Bjerregaard

      August 13, 2016 at 11:40 pm

      Those aren’t sources. They are wack job sites. Sources are court records. videos of cash changing hands. Wire funds transfers or banking records.

      • Tony Storey

        August 13, 2016 at 11:52 pm

        Do you video the cash you receive from spewing your poison across the web? Criminals dont use fund transfers or use banks. Dont be silly.

        • Eric Bjerregaard

          August 13, 2016 at 11:59 pm

          OK, I see now. You are a high school kid that knows nothing about money laundering and why they made laws with unconstitutional reporting requirements to stop it. Those laws apply to banking. besides that accepting money to post stuff on the internet wouldn’t be criminal. So, more of your ignorance is exposed.

  11. tinyhawks

    April 16, 2016 at 12:56 pm

    Just label it.

  12. Eric Bjerregaard

    August 9, 2016 at 3:01 am

    Well that little evidence free bit of nonsense may well explain why the shill gambit is so popular among the brain damaged.

  13. Tony Storey

    August 13, 2016 at 9:37 pm

    Just been doin some research on Monsanto and Eric Bjerregaards name is coming up on most forums.. even in New Zealand two days ago. No surprises,, hes very pro Monsanto. He must be passionate about this chemical manufacturer or on the payroll.Or both.

    • Eric Bjerregaard

      August 13, 2016 at 11:38 pm

      Nope I am pro the use of safe products and against dishonest fear mongering. So, I oppose you.

      • Tony Storey

        August 13, 2016 at 11:46 pm

        yep seen that line from you several times in various posts..from a template of replies. Got any original material? Or do you have to get that approved first?

        • Eric Bjerregaard

          August 13, 2016 at 11:56 pm

          Well, as your only argument appears to be the foolish shill gambit/ And as I oppose those who use such nonsense. I oppose you. All my stuff is original. That is why I can belittle you with no consequences.

          • Tony Storey

            August 14, 2016 at 12:16 am

            so how much do you receive for posting? Does it pay more than growing pineapples? You dont see any ethical issues with supporting biotech companies on a public forum in a vain attempt to sway opinion. But i guess it is effective in some regard as most sensible people want to gain knowledge in this subject not get involved in an ego-off with you. You shut discussions down. . Its a great ploy and you probably feel very superior which is an added bonus. I just dont understand how you can span so many forums across the world. The time and effort involved just to prove the safety of a product.? If your not on the payroll you have a very good case to be.

          • Eric Bjerregaard

            August 14, 2016 at 12:31 am

            I receive nothing but the knowledge that I am opposing ignorance. I also have a full time job. “vain attempt?” nope. The truth will win pout in this little war. .. Attrition will take its’ toll and you will lose. Especially when biofortified crops become more common place. Please take your case for paying me to one of the biotech companies. I could use the money. Here is an example of what is coming, and another reason I post. I have posted a second time as the first response is being held up by censors. Likely because I linked to information about disease resistant bananas being developed in Uganda, and another link. Cites like this often oppose posting actual science.

          • Tony Storey

            August 14, 2016 at 12:41 am

            how bout give humanity a break and stick to your day job and let people discuss other ‘sciences’ that dont corroborate with your science paradigm. Science is fluid and constantly being questioned, not fixed. Peoples concerns are valid despite your dismissive claims. If a product was ‘safe’ as you claim you wouldnt need to run to its defense. The science that backs it is flimsy and biased. As we are slowly finding out.

          • Eric Bjerregaard

            August 14, 2016 at 1:08 am

            Concerns are not valid unless backed by facts. The consensus is clear. The products are safe and you and your tribe throwing mud are the reasons for the defense. Mud must be cleaned up even when thrown by vandals.

          • Tony Storey

            August 14, 2016 at 1:55 am

            Monsanto must be absolutely in stitches laughing at the fact that your so vehemently supporting their products and buying their science without even paying you a single cent. They may even name a product after you if you play your cards right. Doing gods work Eric. Good little robot.

          • Eric Bjerregaard

            August 14, 2016 at 2:17 am

            I doubt the folks at monsanto even know I exist. It’s not just their products. There are many others as well.

          • Tony Storey

            August 14, 2016 at 4:49 am

            So theres more companies with liitle or no integrity you come to the defense of. Do tell…Where does your affection lie?

          • Eric Bjerregaard

            August 14, 2016 at 12:44 pm

            You are making an assumption about moral issues and still have posted no evidence. This continues to show your basic dishonesty. My affection lies with your enemies.

          • Tony Storey

            August 14, 2016 at 10:07 pm

            enemies? give me a break

          • Eric Bjerregaard

            August 14, 2016 at 10:52 pm

            No, I will not. I’m sick and tired of guys like you trying to harm progress especially in These areas. Cassava disease resistant and biofortified, and Ugandan bananas both disease resistant and biofortified. I scrolled up and checked. The idiotic censor deleted my comment with the links to research papers. So, I can’t post more. So, look em up. When you oppose safe technology. You also harm small scale farmers in areas that need the new crops. Thus you make enemies.

          • Tony Storey

            August 15, 2016 at 10:06 pm

            if harming progress means raising serious health concerns, then yes , i will till the end of time, long after your GM fruit has mutated into a non food full of harmful chemicals, just to keep it growing. Stupid humans

          • Tomas Moravec

            August 15, 2016 at 11:06 pm

            So why is GM fruit more likely to mutate into non food full of harmfull chemicals than non-GM fruit? Organic or conventional?

          • hyperzombie

            August 14, 2016 at 11:41 pm

            Does it pay more than growing pineapples
            I would think that everything pays better than growing pineapples, they are very tough to grow and take about 18 months to mature. They can only be grown in certain soils and are crazy labour intensive.

            Why would there be any ethical issues with supporting bio-tech or any technology? Or are you one of the folks that believes that everyone needs technology, except for farmers? Are you anti tech in any other field?
            “Darm Elementary Particle Physicists, don’t need those atom smashers, it is so unnatural. They should smash atoms the old fashioned way, with a hammer”

            “People don’t need the internet when we have smoke signals and cups and string. ”

            I am going to go out on a limb here and guess that Agriculture is the only field that you believe should be free from modern technology.

          • Tony Storey

            August 15, 2016 at 3:32 am

            nice argument you had going all by yourself. i feel like i would be intruding if i commented

      • Tony Storey

        August 13, 2016 at 11:49 pm

        how can you oppose me?, you dont even know my stand on the issue. The ego loves an enemy so i see where your coming from.

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Business

Project to Watch: Sentinel Protocol

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The creators of Sentinel Protocol set themselves the goal of overcoming the current disadvantages of decentralization in the field of cryptocurrency technologies, turning this ecosystem into a safe and protected environment from hacker threats.

Using a collective intelligence system created by using decentralization, the project combines cryptographic functions and threat analysis algorithms based on artificial intelligence to create a secure, innovative platform.

Creation History and Team

The creators of the project note the current difference in the level of protection against security threats between individual users and business users. The latter can afford to spend large amounts of money to ensure their IT security.

According to the SANS Institute, in 2016 the largest category of costs for financial institutions was to ensure cyber security (10-12% of the annual budget of organizations). The report of Cybersecurity Ventures argues that the size of the market of protection systems in this area will grow by $ 1 trillion from 2017 to 2021 since the constant increase in the number of cybercrime led to a critical level.

The DAO case in 2016 was the first serious incident in the field of a security breach in blockchain technology and gave the developers of the Singapore-based Uppsala Foundation idea to create the Sentinel Protocol project.

Core team:

  • Patrick Kim (founder and CEO, has experience with Cisco, Palo Alto Networks, Fortinet, F5 Network and Darktrace).
  • HM Park (co-founder, head of operations, worked at F5 Networks, Darktrace, Penta Security Systems).
  • John Kirch (chief evangelist, worked at Darktrace, Watchguard, Softbank, Bank of America).
  • Dayeol Lee (Lead Developer, graduated from the University of California, Berkeley, received a doctorate in computer science, a security systems specialist, and previously worked at companies such as Penta Security Systems, Inc. and WINS Co., Ltd.).
  • Guo Feng (lead developer, worked on the Singapore Exchange, Accenture, and NCS).

Overview of Main Features

Although blockchain technology is aimed at ensuring the confidentiality of personal data, the lack of a guarantee of confirmation of the user’s identity does not allow him to take part in financial services and projects. A blockchain consortium could be a way out of this situation, although it is associated with some drawbacks of public decentralization. The creators of the Sentinel Protocol offer their approach to solving this problem.

The Security Intelligence Platform for Blockchain (SIPB or Sentinel Protocol) has the following security features:

  • Threat database (TRDB);
  • Built-in secure wallet with machine learning (S-Wallet);
  • Split Isolated Malware Analysis Environment (D-Sandbox).

Threat Database

TRDB immediately solves two problems related to current cyber security threats. The first is a centralized database of security companies. Storing information about threats in one centralized location makes the data vulnerable to manipulation and abuse. The database becomes an obvious target of the Sybil attack, a server is hacked, and the service is interrupted. This is the fundamental problem of the centralized client-server model in the modern Internet.

The second problem is the lack of common knowledge among companies specializing in providing IT security. The more risk information collected, the higher the likelihood of preventing cyber crime. This is due to the lack of incentives for such companies to join and collaborate to create one comprehensive database.

Thanks to the collective intelligence, TRDB is able to efficiently collect data about hackers, malicious links, phishing addresses, virus software, etc. TRDB is updated only by security experts to eliminate systematic errors, such as false positives. However, ordinary users can also participate in this process in two ways – through the functions of automatic and manual reporting.

In the first case, unknown threats will be automatically detected by the security system of the wallet based on the machine learning mechanism and sent to the database. Manual reporting allows the user to report risks. The community will subsequently verify this information.

TRDB will be provided in the form of an API so that this information will be available to any person or organization.

S-Wallet

S-Wallet has the functionality of antivirus software, but it also has a fundamental difference. Antivirus software responds best to new threats only after receiving the latest updates via a centralized server. This approach is ineffective against new unknown threats, such as zero-day attacks.

S-Wallet analyzes threats, their trends, and history to respond to unknown attacks.

S-Wallet uses collective intelligence by connecting to TRDB and provides essential security services, such as cryptocurrency address filtering; URL/URI filtering; data analysis; search and detect fraud risk.

The fraud detection system (FDS) is based on machine learning technology operates on all distributed registers and identifies transactions that could potentially be fraudulent, thereby preventing secondary damage.

D-Sandbox

D-Sandbox is a security mechanism for running untested programs and code on a separate virtual machine without risk to the entire system or host. This feature is based on analysis using the collective mind.

D-Sandbox has two key benefits. Firstly, this approach has significant economic benefits. This ensures infinite scaling across distributed systems and is limited in operation only by the potential of virtual machines. The second advantage is that D-Sandbox is not only able to solve the problem of loss of computing power using the PoW algorithm, but is also capable of creating a better security ecosystem. The computational capability of the Sentinel Protocol network nodes can be used for additional analysis to detect malware.

In the end, the advantage of a decentralized system is that free resources can be used where they are needed. Moreover, individual users will help by using D-Sandbox through a virtual machine to improve the overall security of the ecosystem.

Sentinel Protocol Ecosystem

One of the biggest obstacles to business continuity in the cryptocurrency industry is security. Recently, the number of customer hacking incidents and costs has increased significantly, and security systems could not cope with a threat level.

The Sentinel Protocol overcomes this problem, which security experts are working on in the field of cryptocurrency technologies by combining collective intelligence.

By joining the Sentinel Protocol community, users of digital currencies can easily get knowledge and help on all security issues. They can also use security solutions provided by the Sentinel Protocol. This approach is aimed at ensuring the overall security of the cryptographic world and its prosperity based on the fundamental principle of decentralization.

Theft Protection System

While a large number of cryptocurrency applications are entering the market every day, there is currently no system for checking the integrity of digital assets. This means that it is impossible to track and identify the stolen virtual money.

To fight this, the Sentinel Protocol will act like bank card providers that block plastic cards in case they are stolen or lost. The system will track all stolen cryptocurrencies and pass this information to providers of crypto resources. Then, stolen digital assets will be tagged and will not be used to exchange, pay, or convert to fiat money.

Prevent Transaction Distortion

Addresses registered as fraudulent and all related addresses will be entered into the database, which will be available to all system participants in real time.

One of the examples of this approach is an ICO fishing, in which thousands of people participate in a short period of time. Even if the hacker changes his address and transfers his funds to him, all users will be automatically notified of the new suspicious address. This can completely change the security industry paradigm, as there is currently no such platform that could provide users with such information.

As of today, there is merely no systematic approach to identifying suspicious persons and ensuring the protection of users from potential damage.

Sentinel Protocol Consensus

The platform uses a delegated proof of stake algorithm (DPoS), presented by BitShares and invented by Daniel Larimer. The “guards” appointed by employees of the Uppsala Foundation are a group of trusted institutions or individuals with the necessary qualifications, including security teams on servers, employees of specialized research firms or a group of white hackers. All of them will be certified to confirm their status and experience.

They will receive points for work performed, such as identifying threats and fraudsters. Based on their effectiveness, users will be able to vote for a particular “guard,” increasing or decreasing its reputation. If the actions of the “guard” dishonest in his hand are harmful, he will lose his reputation.

Trading and Liquidity

  • Ticker – UBT
  • Major exchanges – Bitrex, Ubbit
  • UPP token price $0.0134082748 (+3.82%);  0.0001487522 ETH; 0.00000391 BTC
  • 24h Volume $649,370 Market Cap $3,092,586
  • Returns since ICO: 0.11x USD; 0.73x ETH; 0.24x BTC

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.9 stars on average, based on 29 rated postsVladislav Semjonov has a legal and financial background. He has been involved in crypto space since early 2017 in both ICO advising positions in several ICO consultancy firms, and as an ICO analyst for VC. He began contributing for Hacked.com in April 2017.




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Project to Watch: Eximchain

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The Eximchain project is designed to help companies organize supply chains. The solutions that will be implemented on the platform are aimed at ensuring the possibility of establishing effective and reliable business connections, transactions and information exchange.

Team

The American project Eximchain (Export and import on Blockchain) was founded in 2015 at the Massachusetts Institute of Technology. Since then, its authors have created a set of key-based toolkits to transform the global supply chain by integrating it into a platform. The ideas proposed by the project developers are aimed at improving the transparency of the ecosystem.

A group of 20 experts and consultants is working on the creation of the platform, including:

Hope Lew – Co-founder and CEO, received a bachelor’s degree from Peking University and an MBA from the Massachusetts Institute of Technology, handled international transactions at the Asian branch of UBS for 6.5 years, is the head of the laboratory of the Association of Office Supplies of North America.

Juan Sebastian Huertas -Co-founder and technical director, received a bachelor’s degree in computer science from the Massachusetts Institute of Technology, began studying programming at age 13, previously advised many startups on technical aspects.

Jiang Xu – Business architect, previously worked at IBM for 14 years, with previous roles as executive project manager and enterprise software distribution manager.

Jia Zhang – Business analyst, has been in the supply business since 1994, has been managing global trade finance and international settlement at ICBC for seven years, then took the position of Chief Representative of MS Textiles in China, where she has been working successfully for about ten years.

Strategic partners of the project include:

  • blockseed.vc
  • alphabit.fund
  • fbg.capital
  • hashed.com
  • inblockchain.co
  • kenetic.capital
  • signum.capital
  • emurgo.io
  • enuma.io
  • gbic.io
  • YOOsourcing

Main Project Goals

Eximchain’s authors intend to innovate and change the current supply chain organization system by overcoming barriers, strengthening coordination and increasing confidence in cross-border operations using blockchain technology.

The Eximchain platform will offer ample opportunities, from networking with suppliers to inventory management. The product will operate from a public blockchain with a high level of confidentiality. It is ideal for corporate use by supply chain organizations and application developers who need blockchain technology.

All stakeholders involved in creating effective supply chains will be able to more effectively and securely cooperate, carry out mutual settlements and exchange information.

Partnership with YOOsourcing

Eximchain developers have developed a partnership with the YOOsourcing platform, which allows users to verify the authenticity and reliability of suppliers.

Thanks to the YOOsourcing partnership, users of mobile applications will be able to fulfill requests from suppliers directly from the supplier’s company profile. The platform has a built-in verification system designed to ensure the accuracy of the displayed information.

This will allow suppliers using the Eximchain platform to track their requests, promote new products and develop tactics to attract future business leaders. Using the blockchain technology in the platform will increase confidence in accountability, data storage and agreements between suppliers and buyers on the YOOSourcing platform.

Token 

Digital coins on the platform will be based on the standard ERC-20 protocol. The purpose of their creation is to act as a valid register for the genesis file of the Eximchain main network. The ERC-20 routers will be distributed across the Ethereum blockchain by the corresponding ERC-20 smart contract. They are repurchased for Eximchain’s internal tokens after the network has been launched.

With the launch of the main network, Eximchain’s internal tokens will be used to pay for network charges, check state changes, and management functions.

They are also designed to access applications built on the Eximchain network, such as smart contracts and products developed using the SDK platform.

Advantages of Smart Contract SDK

The use of smart contracts for developers provides many advantages and opportunities:

Financing. It is carried out through instant and transparent order confirmation and check on the blockchain. Suppliers will be able to receive prepayments, and buyers will be able to use the option of arbitration.

Procure-to-Pay. Users will be able to conduct an audit through a finally agreed contract at each stage of the payment procedure. This process will be carried out in real time via the network without the need for trust and the use of a secure protocol.

Platforms of suppliers or rating agents will be able to use the “Proof of Existence” (PoE) algorithm to control time, check the integrity of documents and other purposes. This will allow independent verification without the need for data disclosure.

Inventory Management. Conducted by sharing real-time demand information to create a supply chain. This will allow participants to improve their inventory plans and automate the alignment process in different registers and systems to save time and reduce costs.

Risk mitigation. Eximchain will allow for real-time dynamic monitoring of processes within the supply chain to ensure the visibility of all operations. Participants will be able to control risks through a single function.

Price and Liquidity

The EXC token price is currently valued at $0.0274281298 (-13.52%), which is equivalent to 0.0002654258 ETH and 0.00000712 BTC. Its 24-hour volume is$18,756 and has an overall market cap of $1,846,090.

Returns since ICO: 0.08x USD, which is equivalent to 0.70x ETH and 0.19x BTC. The token is listed on Bilaxy and Idex.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

 

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.9 stars on average, based on 29 rated postsVladislav Semjonov has a legal and financial background. He has been involved in crypto space since early 2017 in both ICO advising positions in several ICO consultancy firms, and as an ICO analyst for VC. He began contributing for Hacked.com in April 2017.




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Uber: $120 Billion IPO?

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Uber Technologies Inc., the global ride-hailing giant, is reportedly eyeing an initial public offering (IPO) worth as much as $120 billion. According to The Wall Street Journal, the IPO could take place early next year, giving investors ample time to prepare.

More Valuable than the Auto Giants

The $120 billion value proposal was delivered to Uber last month by Goldman Sachs Group Inc. (GS) and Morgan Stanley (MS), two of Wall Street’s largest banks. The banks were presumably advising Uber on how to position stock offerings to potential investors before underwriting the IPO.

The new valuation far exceeds the one Uber received from Toyota Motors Co (TYO), which priced the ride-sharing service at %72 billion.

At $120 billion, Uber would be worth more than the General Motors Co (GM), Ford Motor Co (F) and Fiat Chrysler Automobiles (FCA) combined. The Detroit auto giants have seen their valuations rise in the wake of the financial crisis, buoyed by a prolonged recovery and increased appetite for automobiles. However, their growth has paled in comparison to Uber’s, which was founded in 2009.

Uber’s expansion hasn’t been without growing pains. The company has been mired by regulatory bottlenecks, workplace scandals and the alleged theft of trade secrets from Alphabet Inc. (GOOGL), Google’s parent company.

It is not entirely clear what metrics the Wall Street banks used to evaluate Uber’s potential value. The company reportedly told Morgan Stanley it won’t be profitable for at least another three years, though annual revenues are expected to reach up to $11 billion this year. That’s a marked rise over the $7.78 billion generated in 2017.

While there’s no guarantee that Uber will go public in the proposed timeframe, it must issue a public offering by the end of 2019, according to WSJ sources. That’s the agreement it has in place with investor SoftBank Group Corp.

Uber by the Numbers

Uber’s startling growth over the past nine years can be represented by a few statistics. As of May 8, 2018, the company had 19,000 employees. This doesn’t include the more than 3 million drivers who are getting paid through the ride-hailing service. Since inception, Uber drivers have completed some 10 billion rides. This averages out to about 15 million rides each day. Gross bookings in 2016 alone amounted to $20 billion.

As of June, 75 million riders were using the Uber app. In the U.S. alone, adult users are projected to reach 48 million by the end of 2018. The Uber app is installed on 21% of U.S. adult Android devices.

Currently, Uber owns up to 87% of the U.S. ride-hailing market. The growth and widespread adoption of the service has opened the door to other competitors, with Lyft being the biggest. Founded in 2012, Lyft is available in about 220 cities across the U.S. as well as in major cities across Asia.

Featured image courtesy of Shutterstock.

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