No doubt about it, this summer has been HOT! Not only in temperatures around the globe but also in productivity here, at DECENT. Kicking off the summer right, we hit several milestones such as another successful hackathon this time in London, a major DCore update which added the ability to create and transact with non-fungible tokens (NFTs), the launch of DECENT Crypto Services—a new subsidiary that’s now picking up speed, and much more. Let’s take a look back at our sizzling summer.
Commanding Lead in the Industry 👨🏽✈️👩🏻✈️
We’ve been building our community presence since the start of the year and hit the ground running in June. We brought the eighth edition of the Blockchain Pioneers Hackathon series to London, where it was hugely received at the flagship event of London Tech Week—HackXLR8.
Once again young creative talents took up the DCore challenge and presented their innovative projects in front of the nearly 15,000 tech enthusiasts in attendance, with the winning project “Blockget” creating a new way of eliminating useless paper storages by way of storing documents in blockchain.
Then it was off to two of the largest technology and blockchain conferences of the year. Our team made their presence known in Shanghai as we co-organized the 5th Asia Future Fintech Innovation Conference. Our CEO and Founder, Matej Michalko, was among a collection of A-list speakers representing a wide range of companies, where fintech and blockchain are at the forefront of new developments and projects.
Some DECENT representatives from Moscow attended the Techstars Startup Weekend and joined thousands of blockchain and innovation hungry thinkers there to expand their minds to all the possibilities that the future of technology will provide. These events and conferences continue to solidify our brand as a leader in the industry as we push forward to the second half of the year.
Refining Our Tech 💻🔝
We are always looking to the future here at DECENT, and since we firmly believe that blockchain is the future, we’ve effectively managed to continuously update our DCore technology and platform. This summer was no exception as DCore received a major upgrade which has enabled anyone to create their very own, customizable non-fungible tokens.
Non-fungible tokens (NFTs) aren’t as complicated as the name may suggest. They are, essentially, one-of-a-kind tokens that can be used or traded for specific purposes or simply utilized as collectible tokens. A well-known example of NFTs in the crypto space is the mobile app CryptoKitties, where users can breed, purchase, collect, and sell digital cats.
Although this game is more recognized in the industry for crashing the Ethereum network upon its release, it remains a pioneer application of NFT’s running on blockchain. We are very excited to see what others will come up with using this new functionality of DCore.
Coffee for Crypto ☕️= 🤑
Speaking of tokens, our own DCT now has purchasing power in Singapore. The Charlie Brown Café, located in the country’s most diverse shopping district near to Orchard Road, announced this summer that they now take DCT as a method of payment for their delicious drinks, snacks, meals and merchandise.
We’ve hosted several events in the Lion City and partnered with Charlie Brown Café for our 7th instance of the Blockchain Pioneer’s Hackathon series at the beginning of May. Our presence in Singapore and partnerships with various businesses in the region remain a vital piece of our strategy and allowing for the general public to purchase goods with our token DCT is equally important for the future of our company.
New Product on the Rise 😲
This summer also saw the introduction of a new service provided by DECENT, geared toward crypto exchanges offering them a simple solution to list and manage new tokens on their platforms. The service, known as DECENT Crypto Services (or DCS, for short), is comprised of three main products:
Universal API – The secure integration of various blockchains and the exchange itself, made seamless by our universal application programming interface.
Market Making – Market liquidity for new and existing tokens, including order book replication and liquidity management via our innovative trading strategies.
Wallet Security & Management – Private keys never leave the hardware security module, meaning exchange wallets are kept safe and their private keys remain private.
With this new subsidiary, we hope to help exchanges list new coins faster and more efficiently allowing more entry points for traders to get their hands on their favorite tokens.
Central Europe’s Blockchain Leader 🇪🇺
The cooperation between China and Central and Eastern European Countries (China-CEEC) is an alliance between 18 countries that focuses on various initiatives. One of those being the newly created Blockchain Centre of Excellence which all the countries in the cooperation have decided will be spearheaded by the Slovak Republic.
Even more, DECENT is leading this initiative and has taken up an important role in its implementation. We co-hosted a launch party to celebrate the establishment of the Blockchain Centre of Excellence near the end of August and invited high-level officials from CEEC and China.
The goal of the initiative is to become a leading research and innovation center for blockchain and DLT (Distributed Ledger Technology) to be applied in industrial applications across numerous verticals such as energy, finance, aerospace, manufacturing, logistics, commerce, media, government and others. As you all know, this is right up our alley and we are happy to share the same vision for a decentralized future.
Education is the Key to Adoption 🔑
In line with the aforementioned initiative, we believe that educating the public as well as business leaders about the benefits of the technology is an important factor in global recognition and, ultimately, mass adoption. This summer we published not one but two DECENT 101 series articles for your reading pleasure.
In June, we explored the question: “What is blockchain and why should I care?”—a valid topic these days, as the word blockchain is becoming more and more known. However, what the technology actually does and how it can benefit the world is extremely underrepresented.
Later on, in July, we answered the inquiry: “Are ICO and blockchain scams dead?” This notion of ICOs being scams remains a skidmark on the underpants of the crypto world and has hindered many companies from gaining start-up funding. Although there is truth to the statement, the blemish is ultimately a thing of the past as investors have gotten smarter and more selective in the companies they decide to back, leading to a run of more promising blockchain projects making it out of the startup stage.
Our CEO and Founder, Matej Michalko, is globally recognized in the industry and, this summer, he added another great accomplishment to the list as he was nominated for the IBC Young Pioneer Award. This achievement is awarded to only the most notable public leaders who happen to also be under 30 years old, and the fact Matej was nominated shows that blockchain leaders are being recognized for doing great things.
Speaking of our CEO and Founder, Matej has revamped his blog series on Medium. He has several new posts that give great insights into pressing matters within the industry. For those interested in reading informative pieces from the perspective of a leading figure in the blockchain space, head over to his Medium page.
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