Category: Applications

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Refreshing KSU

Categories Malta, The Blockchain Island, E&S Group, University, Academics, Applications, Education, KSU

Refreshing KSU

E&S Group was participating in the KSU Fresher’s Week organised at the University of Malta, 1-5 of October. There are around 11,500 students, including about 1,000 international students from 92 different countries and 450 visiting overseas students, following full-time or part-time degree and diploma courses in the Maltese University. on the 1st week of October fourteen Faculties, eighteen Institutes, thirteen Centers and three Schools of the campuses in Msida and Valletta opened their doors for the freshers.

The opening ceremony was followed by numerous workshops, quests, games and activities organised by the University’s students communities and partnering organizations, including E&S Group which had its tent welcoming students and graduates. During the 5 days of the event, the company representatives from legal, accounting, corporate and marketing departments were inviting students with a related background to complete the internship with E&S Group. As a result, we got 37 applications from law students, 45 – from economists and accountants, and 35 application forms were filled in by undergraduates studying education, communications, media and design.

Except for spreading the information about its services and career opportunities, the E&S team also organised the competition where the winner is to get the tablet as the main prize. The number of participants reached almost 100! We are comparing top 5 results now to get in touch with the lucky winner as soon as possible, so keep your cell phone on.

E&S Group is growing and will be happy to see young talents among its professionals. If you miss the opportunity to visit our stand, the information about our operating principles, services and the company development can be also found in our brochure left in the following departments: Faculty of Economics, Management & Accountancy (FEMA), Faculty of Information & Communication Technology (ICT), Faculty of Laws, Institute of Digital Games, ICT Building, IT Services, Library, DegreePlus, KSU noticeboard.

 

E&S Group provides a range of services including ICO Legal Services, Corporate Services, iGaming, International Tax Planning, Financial Planning, Tokenomics, and more. If you are a student willing to work in one of these fields in the future, be sure to get in contact!

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Ethereum PoA algorithm introduced on Azure

Categories Blockchain, Cryptocurrency, Smart Contracts, Technology, Tokens, Ethereum, Applications

Ethereum PoA algorithm introduced on Azure

Azure, the cloud platform created by Microsoft has introduced a proof-of authority (PoA) algorithm that will facilitate a more efficient way of designing and executing decentralised applications (DApps) for use in private or consortium networks.

The new algorithm will function in a network where all consensus participants are both known and reputable and it will work as a direct contrast to the current proof-of-work (PoW) protocol that is being used. The new principle is based on approved identities and validators and does not require any form of competition in completing any of the transactions.

The new feature, powered by Ethereum will utilise a number of features that will ensure the correct functioning and security of the platform. These will include an identity leasing system, web-assembly support, Azure Monitor and a Governance DApp.

The web-assembly support will be powered by Partiy and will drastically simplify the process of designing and building smart contracts. This enables customers to create them in programming languages that they are familiar with, rather than the Solidity language that is used on the Ethereum blockchain. The new system will allow programmers to write in C, C++ and Rust.

Through the new Governance DApp solution, processes such as voting, validator delegation, and participation in consortiums can also be simplified. This feature will also allow customers to enjoy a certain level of abstraction which will also allow them to privatise all relevant data about an object in order to boost efficiency.

The launch of the Ethereum-based Azure cloud computing platform was first announced back in late 2015, whilst the original platform was founded in 2010. Azure now provides global networks managed by Microsoft data centres that develop, test, deploy, and manage a range of applications and services.

Back in June, the R3 blockchain consortium made an announcement that they along with 39 international financial companies had tested a new KYC application that runs 45 nodes over Microsoft Azure.

 

Interested in ICOs Legislation in Malta? Contact us directly on +356 20103020 or by email at [email protected] to find out more.

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Citigroup and Barclays sign up to a decentralised trial

Categories Blockchain, Cryptocurrency, ICOs, Smart Contracts, DLT, Applications

Citigroup and Barclays sign up to a decentralised trial

Two of the world’s largest banking institutions have signed up for a blockchain-based trial.

In an industry that was once shunned by global banking giants, the tide has most definitely turned and blockchain options are being seriously considered by some of the largest companies in the world. Barclays and Citigroup have announced that they will partake in an app store trial for programmes that are based on blockchain technology.

The in-trial app called LedgerConnect was created in collaboration between an exchange processing firm CLS and tech firm IBM. It is expected to be made publicly available over the next few months with the help of blockchain vendors such as Baton Systems, Calypso, Copp Clark, IBM, MPhasis, OpenRish, SynSwap, and Persistent System.

Solving previously unsolvable problems

Over the last few years, various Wall Street institutions have tried out various different applications of blockchain technology in the hopes of solving some of the problems that have not been able to be solved in more traditional ways. Blockchain and distributed ledger technology provide a fast and secure way to exchange sensitive information which is a perfect fit for financial institutions which deal with large amounts of personal information every day.

The aim of LedgerConnect is to make it much easier for banks to opt into a project using the platform, as well as to encourage banks to use the same blockchain protocol as opposed to various incompatible ones.

Ram Komarraju, MD at CLS asked: “What is the point of having these people building the same infrastructure?”

Focussing on operations

He believes that banks should be focusing their energy on the operations of their firms instead of creating multiple new blockchain applications, all designed to fix the same problem.

LedgerConnect will offer a blockchain-based solution that will handle AML and KYC requirements, as well as issues around loan collateral management. The platform has been built on the IBM Blockchain Platform utilising Hyperledger Fabric Technology.

Whilst the recent news is a great step forward, the platform will still require regulatory approval from central banks, the government and the Federal Reserve Bank of New York- something that could take several months and involve jumping through a few hoops.

Are you looking for ICO Legal Advice? Click this link to know more.

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