CEO of Genesis Group, Chinese Leading Financial Institution Specializing in Blockchain, Speaks at DAIBC | Business Wire




The DAIBC was held in Kuala Lumpur on September 27-28, 2018. Feng Chi, CEO of Genesis Group, was invited to deliver a speech on the development of the blockchain market in China.

“The blockchain is becoming the critical area for international competition,” he said. “The blockchain sets no block to any country. It is a global revolution on productive relations and the blockchain market differs in every country.”

From 2013 when China Central Television reported BitCoin for the first time to 2017 when the blockchain hype emerged in China, China’s blockchain market has undergone ups and downs, creating opportunities and challenges.

According to 2018 China Blockchain Industry Whitepaper published by China’s Ministry of Industry and Information Technology, as of March 2018, there were 456 companies specializing in blockchain businesses. Before 2013, this number was only 31, but 136 and 178 respectively in 2016 and 2017. These companies fall into several categories, with the financial services being the majority, followed by blockchain solutions, underlying platforms, and blockchain media & communities. So far, the blockchain technology has been applied in areas such as supply-chain finance, credit investigation, product tracing, copyright trading, digital identity and digital evidence...

Facebook will support hundreds of Jobs!




"The 11-storey data centre is 170,000 sqm and will 'support hundreds of jobs', says the social media giant.

 "SINGAPORE: Social media giant Facebook on Thursday (Sep 6) announced it will pour in more than S$1.4 billion to construct its first data centre in Asia in Singapore.

 "The new facility, located at Tanjong Kling (formerly known as Data Centre Park) in the west of Singapore, will span 170,000 sq m and will  'support hundreds of jobs', the company said in its press release, adding it will form part of its growing presence in Singapore and across the region.

"Mr Thomas Furlong, vice president for Infrastructure Data Centers at Facebook, told reporters at the launch event that the new project will create 'thousands of construction jobs', while the facility will require "hundreds of operators" ranging from network maintenance to logistics staff. He added that given it is a long-term project, the company is still working out its staffing needs..."

Crypto Currency Top 3 leaders





"The U.S., Switzerland, and Singapore were ranked as the top three 'most favorable' countries for Initial Coin Offerings (ICO) in a recent report, according to a press release the researchers shared with Cointelegraph July 14.

"Analysts associated with the Crypto Finance Conference compiled the research based on publicly available data of the top 100 ICOs by country in terms of funds raised and ranked them by number of projects launched.

"The report highlights the U.S. as the most favorable country for ICOs with a  total of 30 companies launched in the field. The second country is Switzerland, which is responsible for half as many of the projects, while Singapore is ranked third place with 11 projects.

"The report also features Russia, Estonia and the UK as some of the most promising countries for crypto project funding...

"Cointelegraph also recently reported that ICO volumes reached new records in the first half of 2018, amounting to already twice as much as it was during the entire year of 2017.

"As a top location for conducting biggest ICOs and crypto projects, the U.S. continues to combat cases of illegal activity in the sphere..."

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Connect your blockchain to the cloud - Azure Blockchain Workbench



On May the 7th 2018, Microsoft has announced the public preview release of "Azure Blockchain Workbench" a new offering that can reduce application development time from months to days.

"Azure Blockchain Workbench" connects your blockchain projects to the cloud with an ease. It simplifies developments and your experience with prebuild networks and infrastructure.

"With Workbench users can quickly:

  • Associate blockchain identities with federated identity systems through Azure Active Directory for single sign-on, and for simplified consortium identity management. 
  • Store secrets and keys securely with Azure Key Vault. 
  • Ingest and manage the events required to trigger smart contracts using Service Bus and Event Grid. Use the included signing, hashing and routing tools to transform messages into the format expected by the blockchain’s native API. 
  • Synchronize on-chain data with off-chain storage and databases to more easily generate business insights from ledger data. 
  • Easily integrate blockchain workflows with existing systems and applications using tools like Logic Apps. 
  • Extend capabilities with a REST-based API for client development and a message-based API for system-to-system integration."



The companies engaged with Microsoft "Azure Blockchain Workbench" preview program currently are:

Bank Hapoalim - Israel
Nestle - Italy
Apttus - United States

Microsoft says "With the release of Azure Blockchain Workbench, we take another step towards making this technology more developer friendly. As we continue to learn with customers and partners, we look forward to extending its capabilities, open-sourcing more of its code and partnering with organizations to expand its usefulness."


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