June 1, 2018 – “The idea behind Cobalt Blockchain is pretty simple. We target high-scale cobalt exploration in the Democratic Republic of the Congo. We will do metals trading to generate early cash flow empowering local communities and supporting ethical sourcing. We will use blockchain technology to transform the mineral supply chain.” states Samuel Peralta, Special Advisor for Technology and Blockchain and a Director of Cobalt Blockchain Inc. (TSXV: COBC), in a recent presentation at the 7th Annual InvestorIntel Summit – Buds, Batteries & Blockchain 2018.
Samuel Peralta: We are Cobalt Blockchain. We basically straddle 2 of the 3 subject matters of this summit. I was just wondering how we could sneak cannabis in to make it 3, but we are going to keep it this way. Lance Hooper is our President and CEO and I am on the board of directors. We are COBC on the Venture Exchange. The idea behind Cobalt Blockchain is pretty simple. We target high-scale cobalt exploration in the Democratic Republic of the Congo. We will do metals trading to generate early cash flow empowering local communities and supporting ethical sourcing. We will use blockchain technology to transform the mineral supply chain. There were many questions this morning in the blockchain panel as to what the next level of blockchain will be. We all know about the cryptocurrency applications and about the Fintech applications. My best bet is that the next area of “disruption” for blockchain is going to be in the supply chain. The company is founded on a couple of principles. This is the management team. We have got folks who have got backgrounds in the cobalt business and the mining business. Most of these folks have been in the DRC for 12 years with active trading for the last 4 years. They do have actual on-the-ground experience in the DRC, which is rare. Lance Hooper, our President who you saw in the panel this morning, in addition to being one of those lead of Belaire Mining, the trading company in the DRC, also was a founder and a CEO of CertaPay, which was the first email direct bank to bank money transfer as well as other technologies. I am down there. I am the Special Advisor for Technology and Blockchain. My background was in physics and the application of high technology to resource firms so working with Nobel Mineral right now using AI applications, a graphene technology company mining graphite using the blockchain as well. It turns out that supply chain is a very interesting application. There are two parts to our premise, the cobalt part and the blockchain part. I was not sure if this was the right name. We had a big debate about whether we were going to do something different. Cobalt Blockchain pretty much captures what we stand for. Cobalt, as you have heard from many people at this conference, is one of the keys to our battery-based future. Cobalt demand is rising due to EV batteries. No matter what Elon Musk is saying this morning he still has to use about 4½ kilograms of cobalt in his batteries. Even if he goes forward, the Chinese and others are pretty far behind and will be seeing cobalt usage for a long time from now. It forms efficient electrode materials and helps stored power last longer that is the reason for the use of cobalt. Cobalt is being used in a number of applications including catalysts, hard metals, magnets, but if you notice usage in batteries is about 50%. That is quite a large share. There is a looming cobalt supply deficit…to access the complete presentation, click here
Disclaimer: Cobalt Blockchain Inc. is an advertorial member of InvestorIntel Corp.
There are 3 major pitfalls with reaching consensus around the outcome of an event.
These fully specified, manipulation resistant, and publicly verifiable events form a necessary foundation for sound prediction markets. Without this foundation, prediction markets are subject to confusion, manipulation, and abuse. Though sometimes tricky, many prediction events exist that satisfy all of the criteria listed above. As the world moves forward into the realm of decentralized prediction markets, it will be important to keep in mind the pitfalls associated with many naive prediction events.
Sia , by Nebulous Inc., is a blockchain-based decentralized cloud storage platform.
Capital Markets Blockchains Are Finally Getting Go-Live Dates.
Assembled in New York this week, a handful were even confident enough to give firm timetables for production. For those tired of blue-sky talk, it was refreshing to hear large-scale financial infrastructure projects discussed openly and frankly, in clear terms of where they are and when we can expect to see things going live.
Underscoring the seriousness of the undertaking, ASX recently produced an 87-page progress report. Roll-out is targeted for late 2020 or early 2021.
In the weeds.
The enormity of such a project may not be obvious to those unfamiliar with the creaky plumbing of the capital markets.
At the completion of phase one, DTCC will have nodes set up internally for every firm that it knows will run one, plus some general nodes that will take care of supporting the transactions and processing for the firms that do not wish to support a node of their own.
For this project, DTCC has taken a multi-vendor approach. Ethereum-inspired startup Axoni is providing the technology, with IBM helping to manage the project, and R3 providing best practice guidance on areas like selecting the right data models.
Luxembourg is the largest fund management hub outside of the U.S. The jurisdiction holds many trillions of dollars worth of assets under management.
The KPMG-led project includes banks like BNP Paribas, Credit Agricole and others, as well as over 400 asset managers. The technology used is ethereum-based Quorum, the popular open-source project run by JP Morgan.