The BaaS platform is reportedly based on six underlying core technologies of blockchains: Multi-cloud support, multi-chain support, permission management, smart contracts, privacy protection, consensus mechanism – and customized by Hyperledger Fabric, the most widely used Consortium chain system in the world. The IOST BaaS transactions per second (TPS) has been measured to reach tens of thousands and it can still simultaneously update Millions of data and support the upload of millions of data.

The announcement made mention of the challenges most sectors faced and how the IOST BaaS platform was the perfect solution for them. Take the education sector for example, the traditional educational system has flaws, some of which are widespread falsification of academic qualifications and the difficulty in assessing the teaching quality of institutions amongst others. The IOST Aircraft Carrier plan will ensure that the academic data, student evolution files and other data related to academic history is stored and recorded on the blockchain. This development will limit or stop the rapid falsification of academic qualifications in the educational sector.

Other Platforms Of The IOST used  By Industries Giants

The announcement also covered the IOST partnership with a global leading down company EHang, which is using IOST pass to provide a safe and reliable data management system for drone companies to ensure the operating system is encrypted, verified and temper-proof against third parties.

Strategic cooperation with the gallery of the European Art Association, the top antique dealer in China. IOST Source was used to record the partial property rights certificate on the chain. Information cannot be tampered after being recorded and has a unique ID on the chain; each exhibit will be strictly screened before being recorded to ensure that the collector holds the genuine product, which will provide a strong guarantee for the healthy and orderly development of the art market.

Partnership with Fujimi City Power Plant, the third-largest power plant in Japan, to develop the IOST-based consortium chain suitable for its business. All power information can be jointly managed by the participants, and users can more smoothly and efficiently settle power transactions. The mayor of Fujimi, Japan said that the project has profound significance for residents and power companies throughout the city.

TVL hits $9 billion in DeFi 

Decentralized Finance has hit another significant stage in terms of Total Value Locked (TVL). The DeFi total value locked hits $9.02 billion as DeFi based projects continue to hit all time highs and gain values in the market. Among these tokens are YFI tokens which had surged over 80% a few weeks back and even hitting an All Time High (ATH) of $38,869 according to Coingecko data. Sushi was up 126% within 24 hour few weeks back before the issues arose. 

Aave currently Ianthe largest DeFi project with $1.7 billion locked, followed by Maker DAO with $1.43 billion, Balancer at $1.36 billion and Curve at $1.3 billion.

Some investors believe Decentralized Exchanges (Dex) and Decentralized Finance (DeFi) are the next big thing and that Centralized exchanges will become obsolete. We can only hope that they all Co-exist since they all have a part to play in gaining mass stepping to the Crypto world. 

The Defi app to be built on the Binance Chain is called “SwipeFi” and will enable Binance Chain tokens to earn interest on the supply of collateral and also to borrow when they want against their collateral on the Binance chain.

Users who choose to stake will earn 12% APY (Annual Percentage Yield) for their staked SXP within the network. Swipe also plans on allowing staked SXP to earn from the Processing Fees it charges sometime in the future. Users can access the testnet :  https://testnet.swipe.org while waiting on the main staking Network to launch which has been set up to be in 2 weeks time, according to a medium article by Swipe Network.

They plan on partnering with more exchanges which will allow their exchange customers to stake on their network, thereby promoting the amount of usage Swipe Network will have. Users are allowed to grab a few testnet-SXP and then use them on the testnet network staking on the Decentralized Fiance (Defi) Application.

The integration will allow Ludenas 3 million+ users to have access to High quality esports, gaming and blockchain content. Those watching and sharing their bandwidth and videos with other network users through the GameTalkTalk will be rewarded with TFUEL, a token developed by Theta to reward users streaming on their platforms and partner sites. 

The GameTalkTalk channel will also be added on the Theta TV. This will allow Ludena gain an audience from the 5 million+ users of the Theta TV since content from the GameTalkTalk channel would be broadcasted on Theta TV.

“GameTalkTalk is an ideal partner to launch our Theta Live Mobile Embed product powered by the Theta Network, allowing viewers to relay esports and game streams to their peers and earn Theta token rewards, TFUEL, just for watching and sharing their bandwidth resources,” said Mitch Liu, Theta Labs CEO. “In just a couple of months after announcing Theta Live Embed, it is now live on more than dozens of partner sites globally and we are excited to branch out to Korea for the first time and to onboard local content.”

Foundry offers to empower decentralized infrastructure and they provide both miners and institutional experts with tools, capitals and market intelligence needed to set up a decentralized structure. 

“Our mission at DCG is to accelerate the development of a better financial system,” said Barry Silbert, Founder and CEO of DCG. “Digital asset mining and staking provide the backbone of the blockchain technology that will drive that advancement. Foundry is bringing critical resources and guidance to an essential corner of the industry, and Mike Colyer and his team have the expertise, credibility, and integrity to support the evolving needs of miners and manufacturers.”

The subsidiary Foundry is aiming at  collaborating with major key players in the mining and staking sector thereby allowing them to focus on creating greater access to digital assets mining. 

“Foundry’s understanding of the mining industry and DCG’s full support have made it a key partner in our expansion across North America in the past year. We plan to continue collaborating with Foundry as we focus on increasing our global market share,” said Jordan Chen, COO of Shenzhen-based bitcoin miner manufacturer MicroBT.

DCG has plans on investing over $100 million into Foundry through the year  2021, this will allow miners and manufacturers to have access to resource capital and trusted partners for the first time in the mining industry. 

“We want to empower decentralized infrastructure in the new digital economy, and our work will support the development and growth of mining operations — particularly in North America,” said Mike Colyer, CEO of Foundry. “We are a business built by miners for miners, and we are partnering with entrepreneurs who share our mission of advancing the industry and creating a decentralized mining ecosystem.”

About DCG

The Digital Currency Group (DCG) is the parent company of Grayscale Investments, Genesis, CoinDesk, and Foundry. It was founded In 2015 by Barry Silbert and is currently backing over 160 companies in over 30 countries. 

This upgrade comes 5 years after the launch of the project back in 2015. The platform upgraded to v2 with the sole aim of addressing the vulnerabilities currently existing in the V1, the upgrade also helps introduce DeFi support for Dai Stable coins and other DeFi protocols currently existing. 

Augur revealed it’s V2 contracts that were deployed on the Ethereum Mainnet and has also verified it on etherscan. The new network upgrade  will support Maker DAO’s (MKR), Dai stablecoin, Ox’s (ZRX) Mesh network, UniSwaps V2 Oracle network and the Interplanetary Fine System (IFS) 

Tokens Migration Optional 

As reported earlier by JRNY Crypto, REP token holders are required to manually migrate the REPV1 to REPV2 through the Augur client insider to participate in the protocols reporting. The announcement has however, noted that this would be optional and would not be an immediate requirement. 

“there is no immediate requirement to migrate REP to the new REPv2. “The only time in which migration from REP to REPv2 would become a necessity is if an Augur v2 market entered into the forking process,” added Augur.

Charles Hamel, Head of Crypto at Opera informed that UK customers will have access to purchase Ethereum (ETH) for now with plans to add more Crypto options in the near future. 

 Opera Browser 

Opera is one of the leading browsers with an estimated user base of over 200 million plus worldwide. It is also one of the browsers to offer to work with Blockchain and Cryptocurrency even providing in-built wallets and DApp (Decentralized Applications) explorers.

The browser launched its first Crypto wallet back in 2018 and since then has seen tremendous growth and expansion. They are estimated to have over 170,000 monthly active users on the Crypto aspect of the browser. 

Ramp

Is a Decentralized, trust-minused and peer to peer for getting fiat on-ramp for DApps. It’s a platform that aims to easily access the connection between the open blockchain financial system and the old closed banking system, without a need for intermediaries or trusted third parties. 

The partnership aims at helping Daimler AG to privately collect and package data for monetization through the blockchain technology. They will help the firm In collating and monetizing the firm’s data.

Daimler AG plans to utilize the Oceans recently launched “Compute-to-Data ” protocol, This protocol allows entities and companies to maintain privacy of their information while allowing third-parties to analyze those data. The results of that analysis are then packaged for monetization or are shared to inform researchers and technological researchers.

An example where this could apply is where a user sends or shares a Decentralized Identity Document (DID) with the government, only for the government to find out the transaction no longer exists when they try to search it out on the Tangle.

Chronicle

The IOTA Chronicle allows users to store any or all of their transactions off the Tangle on a separate distributed database, this makes it impossible for Node operators to delete the old transactions thereby making these transactions last longer. This was developed for enterprise and organizations to store transaction data for a very long time.

IOTA keeps working and improving the Chronicle since its inception in 2019. Below are the Updates announced by the team.

They have ported Chronicle from the Erlang programming language to Rust thereby making the programming environment more secure and will enable interoperability with future IOTA products.

With the new update, a user can easily set up a Permanode in minutes as a result of the CLI applications’ it comes with.

The new update comes with flexibility for the users such as allowing users to choose the duration to store a transaction, the storage solution to use, and what type of data to store. They plan on continuing more development, you can check out the road map here.

Voice functions as a decentralized version of Facebook and Medium. Those interested in publishing on the site are asked or required to request early access by registering on the platform from now until the 15th of August. 

Voice aims at bringing back transparency and authenticity to social media by utilizing a biometric authentication technology to verify each account thereby making sure that only real humans own accounts on the platform. This will help bring back humanity to social media platforms. 

Users of the platform are rewarded with Voice tokens for posting quality contents and engaging on the social media platform. 

Other Blockchain related Social media platform 

There are a good number of blockchain of related social media platforms out there, one of which is Society2.

Society2 is an IOTA powered decentralized social media platform whose goal is to allow or help individuals operate and control their own social media platforms through owning an IOTA Node.