EZ Blockchain launches a new business line EZ Energy, devoted to stranded, trapped and renewable energy 13448

EZ Blockchain – Chicago-based blockchain technology service company has reorganized its business into two companies with two distinct but equally innovative purposes. As a result of a spin-off, a new power generation business will be called EZ Energy Technologies, Inc., or EZ Energy. The transition separates their work in power generation and flare mitigation from the blockchain mining business. One of the primary objectives in branching EZ Energy off is to diversify the applications of the company’s affordable energy sourcing maximizing technologies in sectors outside of cryptocurrency. Following the separation, Vlad Rodinoff, founder of EZ Blockchain will take the position of CEO at EZ Energy, and Sergii Gerasymovych will assume the position of CEO at EZ Blockchain.

EZ Blockchain, LLC and its executive team will remain the largest controlling shareholder of the EZ Energy business. The company anticipates the deployment of 9 MWs of its own power generating units, called SmartGrids, through the end of 2020.

Sergii Gerasymovych said, “There are other applications to use gas-generated power right on-site on the oil pad. None of that energy has to be wasted anymore with our combined technology. This energy could be used on-lease as prime power for oil and gas producers in addition to powering our mobile data centers.”

EZ Blockchain originally became known for its services and products designed for cryptocurrency mining, primarily manufacturing mobile data centers known as “Bitcoin mining containers” along with the management of crypto mining facilities. Since the installation of EZ Blockchain’s first mining mobile data Smartbox in 2018, designed and built exclusively by and for the company, EZ Blockchain has funneled much effort into an initiative aimed at harnessing wasted energy by reducing gas flaring.

The energy project started with a partnership with KTS Engineering, the official distributor of Jenbacher electric gas generators to give oil fields a viable and scalable option to turn excess natural gas into usable energy which otherwise goes into flares and wasted.

In two years since the installation of the first mobile data center in Indiana, EZ Blockchain’s energy project has grown in scope. The mobile data centers have been designed to be oil field ready and to meet additional requirements of efficiency and remote operation. The new “EZ Smartboxes,” coupled with EZ Blockchain’s hugely positive footprint around the Midwest mobile data center locations, spurred the final decision to branch this energy effort into its own business line.

EZ Blockchain started in 2017 and is based out of Chicago, IL. The company is a full-service crypto mining facility management company that builds and operates physical infrastructures for blockchain-based mining, which has positioned the group to develop sustainable energy alternatives from a unique vantage point. Read more about EZ Blockchain and their projects and investments on their website www.ezblockchain.net.

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KPMG LLP Launches KPMG Chain Fusion To Help Manage Crypto And Traditional Assets Over Public And Private Blockchain Networks 8402

KPMG LLP has launched KPMG Chain Fusion, a patent pending suite of advanced analytics capabilities, built on leading cryptoasset data & technology products to streamline the ability for financial services companies and fintechs to offer cryptoasset services on an institutional scale.

KPMG Chain Fusion helps clients address complex, foundational problems facing organizations competing in the institutional cryptoasset market. The technology infrastructure, operational mechanics and inherent risks are fundamentally different than traditional systems supporting financial services companies and fintechs. These differences present significant challenges to accurately and completely aggregate data from different technology environments in order to meet internal and external expectations, including expectations for customer account management, anti-money laundering (AML) and security.

At its core, KPMG Chain Fusion leverages a structured data model to combine data originating from blockchain infrastructure and traditional systems in support of analytics for business, risk and compliance objectives.

KPMG Chain Fusion was designed to help clients address considerations from regulators across the globe focusing on the integrity of control environments to support business objectives for accurate financial reporting and technology objectives for security, availability and processing integrity across both traditional and blockchain systems.

“Regulators and auditors expect fully implemented controls and processes within and across a cryptoasset business – whether they are cryptoasset or traditional systems or anything in between.  If you are a blockchain or digital asset based business, you will have separate systems for everything,” said Sam Wyner, director and co-lead of KPMG Cryptoasset Services team.

The capabilities and accelerators are designed to help address these considerations by supporting companies to achieve seamless and trusted adoption of core crypto business capabilities, enabled by leading technology products for data, custody and infrastructure.  The core also enables organizations to overcome challenges including: cryptographic proof of assets under custody, deployment and integration of core custody capabilities such as multi-party computational cryptoasset wallets, and transaction monitoring for AML.

“There is a fundamental difference in technologies required to integrate– whether it be a permission or permissionless blockchain or a traditional front, middle and back office system,” said Wyner.

With KPMG Chain Fusion, KPMG has built capabilities to integrate and enable these systems.

Many financial services institutions and fintechs are already offering cryptoasset services. At the same time, there is an increased adoption of traditional businesses offering cryptoasset capabilities and services for assets on both public, permissionless and permissioned blockchains.

“Leading cryptoasset technology solutions can address process and control requirements within their own systems, but the greater challenge is making sure systems can work together, with all the right processes and controls in place between those systems,” Wyner explains.

“KPMG Chain Fusion addresses those challenges by bringing these systems together with the required processes and controls under one roof.”

Authenticiti Secures Additional Funding to Transform B2B Supply Chains with Blockchain 10702

Authenticiti, a blockchain-enabled supply chain platform, announces it has secured additional funding from leading technology investors. The round was led by Gravity Ranch, with participation from Holt Ventures, SRI International, and existing investor Scopus Ventures. Authenticiti platform is the single-source-of-verifiable-truth for supply chain management, connecting data from siloed systems in real-time. As supply chains struggle to adapt during uncertainty, companies need to optimize existing fragmented supply chain infrastructures.

“With applications deployed for specific needs, most supply chain infrastructures today are a labyrinth of data, tools, and processes,” said Andrew Yang, CEO and Co-founder of Authenticiti. “This complex environment is riddled with manual steps and spreadsheets. We provide a solution to effectively connect and manage next-generation supply chains.”

Unlike most legacy supply chain solutions, Authenticiti is an overlay that works without replacing existing infrastructures. The advantage of this approach, the users gain visibility and control, regardless of their backend ERP, logistics, or accounting system. With blockchain, manufacturers gain a real-time ledger of trusted transactions and can run operations with greater accuracy and risk management. “There is a need for a seamless overlay that connects supply chain vendors and legacy systems in a codeless, easy way that builds trust without ripping out existing systems. And that’s exactly what the Authenticiti team has built,” said Eran Gilad, Managing Partner at Scopus Ventures.

Authenticiti platform is packaged in a lightweight container, allowing quick deployment to any IT environment. It also leverages key sharding encryption combined with blockchain infrastructure for highly secure and federated data sharing.

“There are enormous amounts of redundancy and cross-checking in supply chains today. Authenticiti’s platform comes at a time when there is an opportunity to reset supply chain systems that have relied on outdated processes,” said Meg Paulus, Partner at HOLT Ventures, the venture capital arm of HOLT CAT, the largest Caterpillar heavy equipment and engine dealer in the USA. Michael Downing, Founding Partner at Gravity Ranch Venture Fund explains, “We invested in Authenticiti because a blockchain-enabled supply chain will securely automate and streamline key operations, as it synchronizes data efficiently to save millions in operating costs, and this perfectly aligns with our investment model that fuels change.”

Founded in 2016, Authenticiti has helped companies across different industries such as aerospace, manufacturing, mining and insurance, with operational advancements and millions in savings annually. The company is headquartered in San Francisco with an engineering office in Toronto, Canada. https://Authenticiti.io/

Crypto Trader News Partners With Blockman Capital to Provide Expert Trading Analysis 10832

Crypto Trader News, a leading blockchain and cryptocurrency news site, is proud to announce a strategic partnership with the prestigious UK-based cryptocurrency trading firm, Blockman Capital. Thanks to this agreement, CTN will begin publishing market analysis and in-depth reports created by Blockman Capital’s team of expert analysts and traders.

Blockman Capital, based in Cornwall, England, provides a managed portfolio service to investors wanting to incorporate cryptocurrency trading into their investment portfolios. Founded in 2006, the firm currently manages over 300 portfolios with over £2 million traded each month. In 2019 Blockman Capital earned a 47.3% ROI on average for its clients.

“We are thrilled to be able to provide our readers with the expertise of Blockman Capital’s trading experts,” explained Dennis Lewis, CEO and Publisher of Crypto Trader News. “A deep understanding of the cryptocurrency markets is truly essential for anyone hoping to profit in such a volatile market. Stuart Pritchard and his team at Blockman Capital combine this understanding with over 30 years of trading experience. We believe this will be an amazing resource for our readers.”

According to Pritchard, “We founded Blockman Capital on the idea of bringing proven trading and analysis skills from the traditional equities and forex markets to the new high paced cryptocurrency markets. This partnership with Crypto Trader News allows us to now showcase on a global scale the fruits of all the hard work we’ve put in over the last four years.”

Through this partnership, Crypto Trader News and Blockman Capital will provide readers with weekly market analysis livestreams, monthly in-depth reports and breaking analysis related to the Bitcoin, Ethereum and Altcoin markets.

First Scalable Enterprise Solutions Leveraging the Value of Public Blockchain 11493

In early 2019, the business standards company BSI partnered up exclusively with Trace Labs, the core developers of OriginTrail, to deliver blockchain-enabled solutions. With such solutions, the British Standards Institution (BSI) seeks to enhance its global assurance, certification, and supply chain services by ensuring the integrity of digital records. In collaboration with Trace Labs, BSI is now launching a series of blockchain-based solutions catering to both organizations and individuals aiming to build resilience in their supply chains, a need becoming even more apparent in light of the COVID-19 virus outbreak.

Solutions described in the recently released BSI white paper – titled “Instruments of Trust: BSI’s Blockchain-Based Solutions” – enable a secure and trusted way of verifying the authenticity of claimed personal credentials as well as company and product certifications. BSI has also introduced the SCAN Trusted Factory Blockchain Program designed for US importers to ensure the authenticity of a factory’s certification and factory credentials.

False assertions are prevalent in society leaving people uncertain of whom and what to trust. Counterfeit products and false claims are far too commonplace and perpetually flood the market. Examples include counterfeit drugs/fentanyl-laced prescriptions, false or misleading food labels, and the range of credentials provided to others as part of our daily lives – passports, qualifications and so on. Challenges remain within legacy trust systems, as businesses and consumers demand an immutable source of truth and verification.

“In today’s global, interconnected economy, there is a growing trust deficit felt by businesses and consumers,” said, Dan Purtell, BSI Group Innovation Director

To help combat false claims, BSI partnered with Trace Labs in early 2019 and has since used technology based on the OriginTrail Decentralized Network (ODN) in three pilot projects. This allowed BSI to provide a suite of solutions that serve as instruments of trust for its clients, enhancing the resilience of its brands. Using DLT technology as a single source of truth, they aim to provide clients with the ability to demonstrate to their customers the authenticity of their claims, be it certifications, product authenticity, or traceability. BSI and Trace Labs are continuing to develop new solutions beyond the three pilot projects.

Calvin Ayre Makes Sizeable Investment in TonicPow – a Frictionless Advertising Solution Using Bitcoin SV 13170

TonicPow is a peer-to-peer digital advertising system. For individual users, it is an easy way to earn small amounts of Bitcoin recommending things one likes to their friends and family. For a business, it’s a powerful tool that lets them create flexible, incentive-based advertising campaigns. It allows both sides to leverage the power of microtransactions without needing to understand Bitcoin.

This is possible because TonicPow uses the Bitcoin SV blockchain and its BSV digital currency, the only chain that significantly scales (now), is regulation-friendly and has robust utility. As the massively scalable blockchain with super low transaction fees, Bitcoin SV enables micropayments and data usage that can re-invent the Internet experience

So what does it do exactly?

  • Social Monetization for consumers: Earn Bitcoin SV for recommending favorite products and services. The more engagement they drive, the more BSV they earn.
  • Better Advertising for businesses: Reach real people wherever they are today. Specifically encourage sales of a product, service, new signups, social engagement, or anything one can imagine. Pay for better ad engagement.
  • Developer Tools: Seamlessly extend TonicPow functionality to users. Use own domain name for referral links.
  • Instant: Real-time payouts for promoters, and reporting for advertisers.
  • Transparent: Clicks and conversions are recorded on-chain, and can be independently verified.

And best of all? It‘s free for consumers to useTonicPow only earns money when you do. WIN-WIN!

Calvin Ayre commented: “It blows my mind to see how many incredible business and enterprise solutions are now being built on Bitcoin SV. It proves that scaling matters. And with Bitcoin SV committed to a set-in-stone protocol, developers can build whatever blockchain applications they like safe in the knowledge that the underlying ‘plumbing’ will not change. TonicPow is such a powerful solution to any business looking to market itself and I am very excited to be an investor.”

To learn more about TonicPow’s plans, visit the CoinGeek New York conference, anticipated to be in October 2020 in New York City, New York. Also visit BitcoinSV.com to learn more about BSV.

Coinbase wants to sell blockchain analysis software to the IRS and DEA a year after its Neutrino acquisition 12349

Coinbase wants to sell blockchain analytics software to two U.S. government agencies, according to public documents. Records obtained by The Block show that the U.S. Drug Enforcement Administration (DEA) and the Internal Revenue Service (IRS) intend to buy licenses from Coinbase for an analytics platform called Coinbase Analytics. Documents related the purchases by the IRS and DEA were published in April and May, respectively.

Notably, the IRS document draws a connection between Coinbase Analytics and Neutrino, an intelligence agency that Coinbase controversially purchased in 2019. The acquisition drew controversy due to its founders’ involvement in the Italian spyware firm Hacking Team, and Coinbase ultimately said that it would part ways with team members associated with Hacking Team.

As the IRS document explains:

“As law enforcement techniques evolve and other cryptocurrencies gain acceptance, criminals are using other types of cryptocurrencies, not just Bitcoin to facilitate their crimes. In addition to the Bitcoin Blockchain, Coinbase Analytics (fka Neutrino) allows for the analysis and tracking of cryptocurrency flows across multiple blockchains that criminals are currently using. Coinbase Analytics also provides some enhanced law enforcement sensitive capabilities that are not currently found in other tools on the market. This action will result in a Firm Fix Priced purchase order, Period of Performance: One base year from date of award with one 12-month option.”

Public records indicate that Coinbase has not been officially granted the awards, and the company does not appear in queries submitted to USASpending.gov, a directory for government contract awards. According to this database page, Coinbase’s registration to offer products and services to the U.S. government became active on April 28, with an expiration date of April 13, 2021.

When reached for comment, a Coinbase spokesperson told The Block that “[t]he information offered in Coinbase Analytics has always been kept completely separate from Coinbase internal data,” going on to say:

“Coinbase Analytics data is fully sourced from online, publicly available data, and does not include any personally-identifiable information for anyone, regardless of whether or not they use Coinbase. Coinbase Analytics is a blockchain analytics product that we use internally for compliance and global investigations. It’s an important tool to meet our regulatory requirements and protect our customers’ funds. We developed Coinbase Analytics with technology from the Neutrino acquisition. Coinbase also offers this product to financial institutions and law enforcement agencies to support compliance and investigation use cases. This tool only offers them streamlined access to publicly-available data and at no point do they have access to any Coinbase internal or customer data.”

It is unclear how much Coinbase would be paid for the licenses. The DEA document includes a subheader explaining that it is “Required for Limited Source Acquisitions Over $10,000 but not Exceeding $250,000,” indicating that the amount paid would fall in that range.

The documents illustrate how the two agencies want to apply Coinbase’s platform to their respective investigative toolkits. In the case of the IRS, the software would be utilized by the tax authority’s Criminal Investigation Cyber Crimes Unit.

The DEA document states:

“Coinbase Analytics (CA) cryptocurrency intelligence tool, provides investigators with identity attribution and de-anonymities virtual currency addresses domestically and internationally. CA is known for its accuracy of attribution which includes some of the most conservative heuristics used in commercial blockchain tracing tools. This is critical in avoiding false positive during target identification.”

The DEA document further explains that “[w]ithout this advanced tool DEA would not be unable to conduct on the spot verification of money movement” and “this is the least expensive tool on the market and has the most features for the money.” On the latter statement, no price point is given.

A DEA Limited Source Document is dated February 11, 2020, and according to the contract directory, it was originally published on May 18. As noted: “All communication regarding this posting shall be in writing and received on or before 10:00 a.m. (ET) May 22, 2020.” The IRS document was posted on April 7.

Coinbase Analytics is not a publicly acknowledged offering. However, the term appeared in a since-removed job listing that sought a Senior Frontend Engineer. Results for that job listing still appear via Google search, as do results for a Product Manager role.