Insights Success has shortlisted "The 10 Most Disruptive Blockchain Solution Providers 2018" who are the constant and constructive efforts of some of the innovative blockchain companies.

1. BOScoin:Reaching the New Heights of a Cryptocurrency Framework
Tech Insights
Benefits of Blockchain in the
making of Smarter Energy Grids
Editor's Choice
The Universality
of IoT Technology
Yezune Choi
Founder
October 2018
www.insightssuccess.com

4. Blockchain:
The Next Big
Thing after Internet
he nature of technology is that it keeps updating towards better. Every now and then, there is
Tan innovation that changes the course of the concerned industry and totally disrupts the
market. Blockchain is one such innovation which has been dropped right in the center of the
system and has disrupted every industry with the ripple effects. The new technology is gaining
popularity due to the various features it adds to businesses. While some seek transparency, others get
assistance in a decentralized approach.
However, Blockchain rolled on years after its inception when Satoshi Nakamoto, an anonymous
entity, introduced Bitcoin, a peer to peer electronic cash system. And now Blockchain is known to
revolutionize banking and finance as effectively as the internet has transformed media. Major players
in the industry are accepting the technology openhandedly and investing extensively in this new
model of banking.
Although, Banking is not the only industry that blockchain has disrupted. Cyber security is a
vulnerable industry and demands continuous updates due to the constant threat of security breach.
With the help of blockchain technology, the data is verified and secured using cryptography. This
makes the data resistant to unauthorized changes. Supply chain management is another example of
how useful blockchain technology could be. It helps enterprises to document all the transections in a
permanent decentralized record, which enables enterprises to save time as well as cost, and enhance
labour efficiency.

5. Internet of things and Blockchain are moving ahead in the same direction and with a same
speed. This makes them complimentary to each other. Blockchain enables faster communication
between various systems by eliminating the need for centralized location to handle
communication, which eventually leads to better optimization of overall IoT experience.
Blockchain Technology has turned out to be a boon for countless other industries. However, this
wouldn’t have been the case without the proactive approach and proper implementation of
technology by the companies leading the blockchain industry. Hence, in order to appreciate the
constant and constructive efforts of some of the innovative blockchain companies, Insights
Success has shortlisted "The 10 Most Disruptive Blockchain Solution Providers, 2018".
Featuring as our Cover Story is BOScoin, a self-evolving cryptocurrency platform for Public
Financing. It combines Project Financing, the most libertarian concept, with three alternative
solutions that includes credit creation through participation, democratic impact investments, and
commonization of certain assets, to form a new Public Financing concept to power a better
capitalism. The company also offers incentive scheme and issuance plans which aim towards
creating value for the coin, while deterring the centralization of power.
Alongside this, the magazine also includes Everex, a financial technology company that
provides blockchain-powered solutions to financial institutions and their customers; Loyyal, a
company that is reinventing how customer incentives are created, rewarded, and managed; and
SALT, a company which offers a smarter way to leverage blockchain assets—ingeniously
bridging cryptocurrency with traditional finance.
Also, make sure to flip through articles, written by our in-house editorial team as well as CXO
standpoints of notable industry personalities to have a brief taste of the sector.
Let’s start reading!
Shubham Khampariya

6. CONTENTS
Origin
of Blockchain
Blockchain: The onset
of a Digital Revolution
Articles
30
4222
BOScoin:
Reaching the New Heights
of a Cryptocurrency Framework
08
Cover Story
Digi Connection
Benefits of Blockchain
in the making of Smarter
Energy Grids
Editor’s Choice
The Universality
of IoT Technology

7. Tech Insider
How Smart are
Blockchain Smart
Contracts?
16
46
36
26
BlockSafe Technologies:
Blockchain Ecosystem
Security Provider
Everex:
Delivering Exemplary
Financial Services
Loyyal:
An Intensive Blockchain-Based
Services Provider
SALT:
Leveraging Blockchain Technology
to Optimize Lending Processes
Internet
of Internet
Internet of Things is
present in every
product we use.
How has IOT changed
the lives of humans?
Expert’s
Column
Challenges and
Risks in adopting
Digital Disruption
Expert’s
Insights
Impact of Blockchain
technology in
Logistics industry
40
34
28
20

9. sales@insightssuccess.com
Corporate Ofces:
October, 2018
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Executive Editor Shubham Khampariya
Contributing Editors
Kedar Kulkarni
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Editor-in-Chief Pooja M. Bansal

10. Cover Story
BOScoin:
Reaching the New Heights
of a Cryptocurrency Framework
Most
Disruptive
Solution Providers
The10
“ BOScoin: A Self-Evolving Blockchain
Platform for Public Financing
“

11. Yezune Choi
Founder

12. “ We aim to issue a total of 5.0 billion
coins over the next 128 years.
“
In today’s digital world, it has been
observed most of the financial
trades frequently face frauds and
scams while carrying a trade. The
evolution of Blockchain Technology is
setting up a benchmark in the finance
sector by offering transparency,
innovation and a complete disruption
in carrying financial trades. Many
cryptocurrency platforms are
leveraging their contribution in
securing financial transactions. One of
them is BOScoin, a unique platform
aiming to overcome the technical and
operational issues inherent in many
cryptocurrencies.
BOScoin is a self-evolving
cryptocurrency platform for Public
Financing. It combines Project
Financing, the most libertarian
concept, with three alternative
solutions that includes credit creation
through participation, democratic
impact investments, and
commonization of certain assets, to
form a new Public Financing concept
to power a better capitalism. The
company offers incentive scheme and
issuance plans which aim towards
creating value for the coin, while
deterring the centralization of power.
Additionally, its Modified Federated
Byzantine Agreement algorithm is an
innovative solution that allows for low
latency transactions while being more
energy efficient.
A Sovereign Ecosystem
In order to solve the problem of
fragmented credit creation systems,
BOScoin propose public financing, a
way for individuals who use and trade
real credit to make collective decisions
through its DApp-ICO strategy.
Rather than being dictated by a central
bank or government, the BOScoin
community creates its own credit
system. Unlike other cryptocurrency
platforms, BOScoin offer PF, and tends
to introduce a sovereignty governance
system called the Congress Network.
In capitalism, the institutionalized
financial system holds most capital and
a supreme decision-making power.
Most members of the system
compliantly follow the decisions made
by the system leaders. Through
Congress Network, the company can
bestow decision-making powers to its
participants. This BOScoin community
can propose, review, and vote on new
token issuance through the Congress
Network. Instead of concentrating on
an elite groups and giving most of the
power to them, the network strives to
create financial sovereignty for the
overall commune. The community
members can regulate the size, volume,
and base price of issuance, as well as
the terms of its allocation and
distribution through a Trust Contract.
Real economic assets acquired through
the issuance of BOScoins will be
returned to the community as
commons, and thus PF remains
“public”.
An Ardent Blockchain Technologist
BOScoin is headed by Yezune Choi,
Founder. Yezune is a top expert in
blockchain technology. He has
resourceful experience over 20 years in
software engineering. Yezune has
developed and operated a local
cryptocurrency based on Litecoin
before joining BlockchainOS.
His goal is to complement and improve
the current Smart Contracts in
blockchain to provide what it calls
Trust Contracts that can be used in
real-world business applications, and
he has devoted to himself for the
complete development of blockchain
technology for last five years.
Propounding Disruptive Solutions
BOScoin has proposed a new solution
to solve the high financial commission
problem of Project Financing with the
three alternatives including, credit
creation through participation, global
finance utilizing collective intelligence
and the commonization of assets. This
specific implementation of ’Public
Financing’ is known as Reverse ICO
Partner Program (RIPP).
RIPP is financed by BOSNet, the
mainnet for public financing based on
blockchain. It is targeting reverse-ICO
firms that are already operational with
their own business models, and looking
for additional financing through
blockchain based ICOs or Public
Financing. The partners of BOScoin
can conduct business quickly, without
the need for extensive technological
investments into the blockchain.
Furthermore, raising post-ICO capital
on BOSNet through Public Financing
is drastically cheaper than using the
traditional financial system with its
high fees which makes it more reliable
than traditional providers.
In addition, BOScoin launched the
ARIST (Advanced Research Institute
Cover Story

13. for Social Trust), a research institute that will engineer and
verify platform reliability, scalability, and privacy on the
BOScoin mainnet. BOScoin has set out a clear vision for its
future, namely an evolution of Project Financing into
Public Financing for a better capitalism, using credit
creation through participation, impact investment based
on voting, and commonization of certain real world
assets. It takes on the role of engineering, and verifying
platform reliability, scalability, and privacy in order to
accelerate adoption and commercialization.
Striving to Bring One Person, One Vote Principle
A cryptocurrency can grow into community money,
if justified by community consensus.
Thus, a cryptocurrency must ensure a structure
that can be reflected by a majority of the
community. However, the voting methods,
BOScoin Congress Network proposed in its White
Paper 1.0, allowed those who hold many nodes and
more wealth to have a bigger influence on
community decision-making. To solve this problem,
BOSCoin is implementing a system of one person, one
vote. It is, however, impossible to introduce the one person,
one vote principle without requiring identification which in
turn jeopardizes privacy and freedom of expression. This
goes against the general ethos of the blockchain.
During the creation of White Paper 1.0, the company was
unable to find a solution to this challenge, and the Congress
Network’s decision-making process remained unanswered.
However, BOScoin reviewed this problem with KoSAC
(Korean Sentiment Analysis Corpus) and looked at the
possibility of creating a form of Congress Voting using
homomorphic encryption. The company then announced a
development of a fully homomorphic encryption solution
for electronic voting, which guarantees both, anonymity
(secret ballot) and equality. It also announced strategic
agreement to launch the first public financing project in
November with "Energy7", an online-to-offline platform
BOScoin aims to overcome
the technical and operational
issues inherent in many
cryptocurrencies.
“ “

14. that is an innovator in the petroleum distribution industry.
BOSCoin has marked its excellence by creating such
unique platform. In addition to these developments,
BOScoin is focused on technological developments and
business partnerships in order to meet its goals of publicly
launching the mainnet.
Addressing Current Capitalist
System
The current capitalist system
fails at distributing wealth.
This indicates that the
capitalist system’s existence is
endangered, because it
continues to break down its
own consumption based
ecosystem. While skewed
distribution causes several
market failures, technological
developments, particularly in
information technology,
reduce the need for
labor. This, in turn
lowers the labor
earnings and
quality of labor.
This arise
questions like,
how can the
capitalist
system be
maintained if
workers
cannot
consume due
to
consequent
technologica
l developments? If it cannot be maintained, what are the
alternatives? BOS team is addressing these questions
through BOScoin. However, the DApp-ICO strategy of the
current crypto economy is likely to produce large and
fragmented credit generation systems that do not solve the
capitalist problem that the BOS team intends to solve.
The limitations of the current crypto economy can be
clearly observed which includes slow processing speed, an
unsafe smart contract development environment that leads
to frequent hacking accidents, software code that holds
contracts illegible to the public, etc. However, the technical
problems of cryptocurrencies such as price volatility due to
lack from predefined limitations on volume, fragmentation
of the monetary space by ICOs, a fragmented credit
creation system, and centralization problem, etc. are
expected to be solved in the foreseeable future.
If a crypto platform could have a credit-generating
mechanism that is superior to the current financial capitalist
system, if it makes impact investments to commonize
assets, and if the value created from these assets were
distributed to the community, what would that look like?
This is the vision that energized BOScoin. Its proposal is
structured around converting this vision into reality.
Walking towards the Vision
BOScoin intends to be a global community cryptocurrency
and circulated as real money. The existing cryptocurrencies
are not as good at generating credit as fiat currencies. To
overcome this, BOScoin intends to introduce a credit
generation system called the Public Financing (PF) system,
armed with a governance structure called the Congress
Network, a departure from current ICO models.
In addition, the real economic assets (wealth) secured by
the credit created through the PF will be regarded as
commons and distributed according to consensus. BOScoin
believes that PF can solve the fundamental problem of the
end of labor income caused by capital and technology.
BOS team is striving to demonstrate
PF’s ability to go beyond the limits of the
existing crypto economy by doing
a reasonably scaled pilot.
“ “
Cover Story

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17. Management BriefCompany Name
Appii
appii.io
Gary McKay
Co Founder &
Managing Director
Appii is the world's first blockchain career verification platform.
It is using verified credentials and an Intelligent Profile™ to
maximise potential.
aXpire
axpire.io
Gary R Markham
Chief Executive
aXpire is a blockchain technology based spend management
software company, initially supporting asset managers within
hedge funds, private equity firms and property & casualty
insurance companies, globally.
Blockchain Consulting
blockchain-consulting.net
Zachary Fitzner
CEO
Blockchain Consulting provides in depth blockchain expertise
combined with its knowledge in finance and IT product live
cycle management.
BlockSafe Technologies
blocksafetech.com
George Waller
CEO
BlockSafe Technologies is the only US-based company that
secures the blockchain ecosystem from all angles: wallets,
exchanges, and private blockchains.
Civic Secures & Protects Identities and believes in giving
businesses and individuals the tools to control and
protect identities.
Everex is a financial technology company that provides
blockchain-powered solutions to financial institutions and
their customers.
The Internet of Loyalty.
Monetha is creating a universal, transferable, immutable trust
and reputation system combined with a payment solution.
Decentralised, empowered by the Ethereum blockchain.
SALT offers a smarter way to leverage blockchain
assets—ingeniously bridging cryptocurrency with
traditional finance.
BOScoin
boscoin.io
Yezune Choi
Founder
BOScoin is a self-evolving cryptocurrency platform for Public
Financing.
Civic Technologies
civic.com
Jonathan Smith
CTO & Co-founder
Everex
everex.io
Alexi Lane
CEO and Co-founder
Loyyal
loyyal.com
Gregory Simon
Founder & CEO
Monetha
monetha.io
Justas Pikelis
Co-founder
SALT
saltlending.com
Bill Sinclair
Interim President &
CEO &
Chief Technology
Officer

18. Khai Lin Chua, Co-founder
and CFO, Fundnel.
Khai Lin is the co-founder
and CFO of Fundnel, a
private investment
platform that offers unlisted
securities in growth and
pre-IPO stage companies
across industries to a
qualied network of
investors. She co-founded
Fundnel to make a
difference to small and
medium-sized enterprises
that experience insufcient
access to growth and
expansion funding.
At Fundnel, she is primarily
responsible for the
company’s nancial and
operational strategies,
whilst providing foundation
to a strong team of
visionaries with her
execution-driven work
ethos. More than just a
gatekeeper, she fulls the
role of ‘leader-by-
example’ with aplomb.
Khai Lin has signicant
expertise in banking and
private investments, having
had more than ve years
of experience working at
JP Morgan, Citibank and
CIMB-GK Securities. She
graduated with top
honours from University
College London (UCL) with
a Bachelor of Science
(BSc) in Economics
degree.
Out of the ofce, she is a
passionate supporter of
animal rights, clocking in
hundreds of hours to
marine mammal
conservation and research
projects.
About the Author
Khai Lin Chua
Co-founder
October 201816

19. Blockchain
Smart
Contracts?
How Smart are
he dizzying rise in the valuation of bitcoin has created significant buzz in the finance sector.While much focus has
Tcentred around the viability of bitcoin in financial systems, the technology that undergirds the cryptocurrency is
steadilygainingmainstreamacceptance.
Finance professionals were quick to recognise the potential of blockchain technology in making up the various shortfalls
of the status quo. Today, we’ve witnessed the emergence of countless fintech start-ups providing services that leverage on
blockchain,whilebanksarequicklyworkingtointegratethetechnologyintovariousaspectsofitsoperations.
Current financial systems around the world handle throughputs amounting to trillions of dollars on a daily basis, serving
billionsofconsumersworldwide.Despiteitsimportance,ourglobalfinancialsystemissurprisinglyantiquated.
Many processes rely on legacy systems characterised by high volumes of paperwork and human involvement. This leads
to additional costs, time delays, and increased risk in the form of human error and fraud. A PWC study found a boggling
45%offinancialintermediariestohavebeenavictimofeconomiccrimeduringthesurveyperiod.
A key example would be the convoluted IPO process, where the involvement of many third parties raises costs in terms of
both money and time. This presents barriers to entry for much needed growth capital as the resource cost is not something
everySME canafford.
SpearheadingtheBlockchainRevolution
Blockchain technology provides a way to structure data and information securely with a digital ledger. Unlike
conventional records, blockchain ledgers are not stored with any central authority, but across a network of computers
viewablebythepublic,ensuringtransparencyandmakingitimpossibleforasinglepersontoamendinformation.
Amongst the most promising and novel uses of blockchain is smart contracts, a use case that stands out as one of the most
innovativesolutionsbuiltonblockchaintechnologywhichIforeseetofeaturestronglyintheindustryintheyearsahead.
Tech Insider
October 2018 17

20. SettingaNew Standard forFinancialAgreements
In a nutshell, smart contracts are programmed contracts that automatically execute a set of pre-defined actions when a set
ofpre-determinedconditionsarefulfilled.
Being self-validated, self-monitored, and self-enforced, automation enabled by smart contracts has several immediate
benefits,someofwhichareasfollows:
1)Risk Management
With smart contracting, the execution of an agreement is taken out of the hands of a single party, relying instead on digital
verification within a blockchain before an action is triggered. Any funds involved could be locked in escrow, and only
released if pre-determined conditions are met. This helps to facilitate trust between the involved parties by removing any
concernsaboutenforceability.
2)Shortersettlementcycles,atlowercosts
In traditional contracts, many financial intermediaries can be involved in the settlement process once a contract is
concluded. Necessary liaison between the numerous intermediaries serves to lengthen the settlement cycle, and adds on to
thetotalcost.
The decentralised nature of a smart contract reduces the number of intermediaries from the equation, vastly reducing
monetarycostsandtimeinvolved.
3)FraudPrevention
Fraud is a common problem in the financial sector. Smart contracts can reduce the potential for fraud by virtue of having all
financial movement and transactions digitally recorded on an immutable blockchain, bringing transparency to the table.
Digitalrecordsalsofacilitateeasierauditinganddetectionofsuspiciousbehavioursthatcouldindicatefraud.
A tangible example of how contracts could benefit from the use of smart contracting would be that of companies raising
funds on the secondary market. In this instance, the use of smart contracts lowers the risk involved for both parties by
shortening the settlement cycle.This reduces the chances of any party experiencing financial distress, leaving them unable
to uphold their contractual obligations.Another upside is that the business and investor both get their funds and shares in a
shorterperiodoftime,allatalowercost.
TheFutureofSmartContracts inFinance
However, it is important to note that smart contracts are by no means a magic bullet. The digital nature of these contracts
mean that any oversight in the text of may have detrimental outcomes, as the terms cannot be freely interpreted unlike in
traditional contracts, but only according to literal meaning. A cautionary example would be the Decentralised
Autonomous Organization (DAO) case which saw a hacker making off with US$50m by exploiting a loophole in the terms
ofthesmartcontract.
While the technology has admittedly yet to reach levels involving contracts of high complexity, its various benefits have
the potential to revolutionise the way business is conducted. Smart contracts could definitely be used in instances where
thescopeorcomplexityislimitedenough,suchassaleofsecuritiesorinsurancewhereconditionscanbeclearlydefined.
The large-scale adoption of smart contracts across the financial sector would likely require a need for regulatory oversight,
which can jeopardise one of blockchain’s major selling points – autonomy from governments. It remains to be seen
whetheracompromisecanbereached.
October 201818

22. It was considered that the Blockchain was an
incorruptible digital ledger of economic
transactions that can be programmed to record
not just financial transactions but virtually everything
of value. Eventually, every technology has weak
points and that’s the reason the Blockchain was
hacked. Therefore, to overcome all the security
concerns, BlockSafe Technologies Inc. (now in their
Pre-STO funding phase) came up along with its
innovative solutions, for which Insights Success has
chosen the organization in the list of The Most
Disruptive Blockchain Solution Providers.
BlockSafe Technologies, Inc. is taking the
lead in securing the blockchain ecosystem with
a suite of patent solutions that protect against an
array of cyber vulnerabilities. Its products bring trust
to the blockchain ecosystem by merging the
innovative cyber security solutions with blockchain
technology.
The crypto world is built on a highly secured
mathematical model that is immature, fragile and
vulnerable to cyber-attacks and significant financial
loss.
Despite widespread perception that the
private blockchain is safe, there are
inherent vulnerabilities. BlockSafe
addresses these vulnerabilities and
offers comprehensive solutions.
Hurdles and Resolutions
With hackers going after
crypto currencies,
To Make the World a
Safer and Faster Place with
our BlockChain Products.
“
”
Blockchain Ecosystem
Security Provider
October 201820
BlockSafe
Technologies:
George Waller
CEO

23. they typically use key-logging, screen and clipboard capture
to steal wallet credentials and alter transactions. Crypto
Defender™ solves this issue and stops all the malpractices
mentioned above. The Private Blockchain’s are also very
new and there is no targeted solution available today other
than BlockSafe’s Blockchain Defender™. This builds a
great opportunity for BlockSafe Technologies.
CryptoDefender™ provides radical security for crypto
wallets and crypto exchanges that currently are not secure:
Ÿ The same vulnerabilities plague exchanges and
individuals and have allowed cyber theft of more than a
billion dollars (e.g., Coincheck has lost close to $500
million and BitGrail has lost close to $170 million).
Ÿ Crypto Defender™ addresses these vulnerabilities and
offers a comprehensive solution.
Ÿ Currently in Production.
ExchangeDefender™ is a multi-factor authentication
product used to add security into user’s crypto exchange:
Ÿ Provide keystroke encryption along with multi-factor
out-of-band authentication.
Ÿ Available Q4 2018
BlockchainDefender™ is a holistic user management
platform that offers the industry’s most comprehensive
features for user access controls and a transaction
verification layer that protects private blockchains.
Ÿ Despite common perception, blockchains can be
compromised; this is especially true due to the lack of
multifactor authentication, transaction verification and
policy enforcement tools.
Ÿ Available Q1 2020.
Redefining Leadership
George Waller, CEO of BlockSafe Technologies, is also
the Executive Vice President of StrikeForce Technologies,
Inc., the company that is resolving BlockSafe’s application
development and maintenance. The products of BlockSafe
come from StrikeForce and have 6 patents currently which
are currently active. The Crypto Defender™ and Exchange
Defender™ utilize the products and are protected with these
patents. The Blockchain Defender™ patent pending is
owned by BlockSafe. The other members of the BlockSafe
management team, Ram Pammareju and Mark Kay, are also
corporate members of StrikeForce Technologies, Inc. and
both are having at least 18 years of cyber security
experience in technology. George has been watching this
space over the years and saw the opportunity to bring its
products into the blockchain world under another company
mostly formed by StrikeForce.
Experience and Achievements
BlockSafe started out as a Utility company and to build an
ICO. George had a word with many lawyers and learned
that the direction to stay in the US is actually to become a
STO, not an ICO. So after attending many shows and
talking to many strong lawyers, BlockSafe changed, almost
7 months later to become a STO. Therefore, BlockSafe is
now strictly an STO, with a strong White Paper, just
finishing its last changes and starting to push out its Cyber
Security products. These products are very strong and are
ready for sale in the marketplace for the Wallets, Exchanges
and Blockchains. Today BlockSafe becomes the only
company that provides Cyber Security solutions from
stopping the hackers from being successful in a large way
and growing continuously, which last year was (2017)
$1.2Billion stolen.
Ahead of the Competition
BlockSafe’s solutions are protected by six patents and one
pending patent. There are no other patented products on the
market that perform the way BlockSafe’s does. It provides
serene protection to crypto currency users and the emerging
private blockchain industry. BlockSafe’s CryptoDefender™
and ExchangeDefender™ products will be sold to Crypto
Wallet providers and Crypto Exchanges to protect the 20M
digital wallets being utilized today, unlike any other
products in the blockchain market. Organization’s
BlockChainDefender™ product will protect Private
Blockchains with Out-of-Band Authentication, Transaction
Verification, Policy Enforcement and a Rules Engine. This
is currently a $336M market growing at over 60% annually.
Future Endeavour
BlockSafe sees itself as a major Cyber Security Blockchain
company and within a few years possibly selling itself to a
large competitor. BlockSafe foresees selling millions of the
products which will give the token holders a nice revenue
attribution stream. Its goal is to expand its existence
globally.
Most
Disruptive
Solution Providers
The10
October 2018 21

24. BLOCKCHAIN
The onset of a Digital Revolution
October 201822

25. Don & Alex Tapscott, the authors of ‘Blockchain
Revolution’ state that, “The Blockchain is an
incorruptible digital ledger of economic
transactions that can be programmed to record not just
financial transactions but virtually everything of value.”
Blockchain is a network through which one can share
information confidentially without making any backup on
server.
The base of the Blockchain technology is made up of a
‘Node’.
Node comes from a Latin word Nodus, which means ‘Knot’
and was recorded first in 1565-75. Node is either a
communication point or a redistribution point used for
receiving, creating and transmitting information. Node may
also be a Data Communication Equipment like a bridge,
modem, hub, etc. or Data Terminal Equipment like a
computer, printer, etc.
A full node is a list of every transaction and have every
block ever been created while on other hand a light node is
a partial list and have only those blocks which were created
in the preceding month. Light nodes are linked with full
nodes so that they can be used effectively. Many crypto
currency organisations are providing information about
setting up and running a full Node; you can download the
latest core client version and follow the steps to run. These
Nodes can be run on multiple operating systems too.
Nodes in Relation to Blockchain
In simple words we can say that a node is a copy of
Blockchain that exist on a computer. Anyone can make a
node of his/her own and will have a copy of full Blockchain
transaction of any cryptocurrency. It takes more than 100
GB data to store so, one should have enough memory to
create and handle it.
The purpose of nodes is to preserve the integrity of
Blockchain. Only one node has the capability to preserve
the full history of the Blockchain due to which the data
about cryptocurrency transactions is secured from power
failure, hacking, and systematic crash.
Despite the fact of one node, only Blockchain based
‘Bitcoin’ cryptocurrency has almost 30,000 nodes running
and it is much safer for the system. Nodes make it
impossible to anybody to erase the data or shutdown a
Blockchain. It is pointless to delete every single copy across
the world.
Many people across the world are running full nodes
because it helps to preserve the Blockchain and to make
sure that the cryptocurrency is running in a correct way.
It is necessary to the existence of nodes because, if the
nodes are tampered with, then about the information about
any transaction and about the owner of the cryptocurrency
and who owned what amount of cryptocurrency, will be
lost. So, without nodes, a Blockchain cannot function.
Blocks
There is one more important part of a Blockchain which is
termed as ‘Blocks’. Blocks are used to order facts in a non-
trusted network. In simple terms, Blocks are a group of
facts and it has only a single chain in the whole network,
and each block refers to the previous one. ‘Mining’ is the
process of looking up blocks and the people who handle the
Nodes are named as ‘Miners’. Mining is too profitable to
tech savvy people and it is used to run full nodes as a part
of mining setup. But, when two blocks get mined at the
same time, the next node to mine a block will have to
choose one parent. It should create one longer branch. Then
further blocks systematically favor longer branches and that
removes shorter branches. The two branches may live in
parallel for some time. As other blocks get appended to one
of the two branches, the other branch will be smaller, and
therefore be abandoned. The network "chooses" one branch
and removes the other.
Ian Khan, a TEDx Speaker and an Author, states about the
Blockchain Technology that, “As revolutionary as it sounds,
Blockchain truly is a mechanism to bring everyone to the
highest degree of accountability. No more missed
transactions, human or machine errors, or even an exchange
that was not done with the consent of the parties involved.
Above anything else, the most critical area where
Blockchain helps is to guarantee the validity of a
transaction by recording it not only on a main register but a
connected distributed system of registers, all of which are
connected through a secure validation mechanism.”
A new layer of functionality has been created on the web
with the Blockchain Technology. People are doing
transactions directly with each other. With the security
introduced by the Blockchain, it seems like a new online
business is on its track in the field of finance. The expected
global savings are up to $6billions per year through
Blockchain Technology as it holds a great potential to
optimize settlements and clearings.
October 2018 23
Origin of Blockchain

26. Omnichannel Agent
and Customer
Engagement Solutions
Simplify and personalize the customer experience,
empower agents and achieve business success
with one workspace for all channel interactions,
application integrations, and CX reporting.

28. Does anyone remember a time before the
Internet? Most of us have seen it, but it’s hard
to recreate it in our mind. It only exists in
long tales which we tell the young, tales of yesteryears
where life wasn’t occupied by technology. But we love
technology. And the next evolution of the Internet
would make the current time become another
yesteryear tale. What is this next Internet evolution?
It’s the Internet of Things.
We know that Internet is where we access relevant and
non-relevant information; connect with friends, peers,
companies, and customers; and utilize to conduct our
daily business and activities. So, what is the Internet of
Things or IoT? IoT is when the devices which we use
to connect and interact with Internet talk to each other.
‘Talk’ is exchange data among the devices with a view
to facilitating better solutions and faster processes.
Internet
ofThings
ispresentin
everyProduct
weuse.Howhas
IOTchanged
thelivesof
humans?
Dhruvil Sanghvi,
CEO and Co-founder
of LogiNext, youngest
tech business head in
Forbes India 30 under
30 (2017), started his
journey post Carnegie
Mellon University and
effectively led LogiNext,
the fastest growing
logistics and eld
workforce optimization
SaaS enterprise, to the
glory.
About The Author
Dhruvil Sanghvi
CEO & Co-founder
October 201826

29. Now, your smartphone can connect to
your television and laptop even when
they aren’t in the same room. You can
sync all your systems so that any
change done at one place would reflect
everywhere else.
“Where to?” Self-driving cars
around the corner!
The true essence of IoT comes out
when it is coupled with machine
learning. Fast forward into a world of
automation where self-driven cars
aren’t fiction. The system in your car
operates the engine, the sensors around
the vehicle, the breaking, and
everything else. It connects to the
cloud, observing the traffic and weather
patterns along the route you are about
to take. It auto adjusts to the passing
vehicles, all the while ensuring the
safety of its passengers.’
There have been some issues with this
as a couple of crashes being reported.
This tech can’t be forced live due to
market pressures as the cost of
mistakes is too high. Once autonomous
cars do hit the roads, they would have
to be perfect. But this isn’t more than a
couple of years away. For now, let’s
look at something that is already
running and showing great results.
‘How do we get there?’ Perfect route
optimization is here!
We are used to having the best
products and fastest services. To make
this happen, people and goods must be
constant on the move somewhere or
the other. Be it from the manufacturers
to warehouses or distributors,
distributors to retailers, or directly to
the customer’s door, there are a lot of
assets constantly moving.’
How is this logistics movement
managed, tracked, and directed?
Technology, like that of LogiNext,
tracks vehicles through GPS right from
the time they are loaded to the point
they finish their replenishment duties.
Delivery personnel and field agents
such as technicians, supervisors, sales
folks, etc. are tracked using their
smartphones. The agents use our app to
streamline their daily activities and
sync live information gathered
on-ground with their company’s central
system.
This tech is not just the need of the
hour; it’s what keeping the
ever-expanding need for cost-friendly
logistics management in check.
Spiraling logistics costs arising from
increased volume movement with a
growing driver storage. Even the trend
of same day/next day deliveries means
that some vehicles are left
underutilized.
Sensors and trackers, backed by a base
machine learning based system, can
now help managers optimize the
capacities of their vehicles, assign the
right load to the right driver/delivery
associate, and eventually set the best
route devoid of traffic and other
bottlenecks to ensure on-time
deliveries.
Delivery route planning and
optimization, hence, is not just cutting
down costs, but also incentivizing
market evolution. Companies like
Amazon and Walmart can ensure better
customer service with timely deliveries
and end-to-end order tracking. This
helps create value for the customer, the
company, and the economy.
“What’s in the box?” Automated
warehousing streamlines it!
With the development of machine
learning backed logistics optimization,
companies are investing in large
distribution centers or warehouses.
Some high-value companies have
already part automated the operations
in these centers. As mentioned earlier,
the sheer increase in the volume of
goods moved nowadays means that the
lead time even at warehouses must be
shortened to the minimum.
If the order must reach a customer in a
day, it can’t really spend about half of
that at the center itself. The entire
sorting and allocation system is
automated. Some companies have even
robotized some mundane functions
within the warehouses.
“Do as I Say” Voice Controlled
Logistics Movement
We are well aware of the latest in
virtual assistants such as Alexa, Siri,
Google Home, etc. It’s a handy way to
automate activities around yourself.
You can just ask Alexa to book a cab
while playing your favorite songs.
Google recently demonstrated proper
AI capable bots which could even have
impromptu conversations and book
appointments. The obvious extension
of this came with voice-controlled
logistics management. Using the same
ease of household directions, managers
can automate the planning of delivery
routes, dispatch shipments, tracking
vehicles, etc. using just their voice.
They can talk to the system and do all
of these things.
The idea is simple. IoT is going deeper
and deeper into our lives, not just how
we handle our phones, but also how we
handle our businesses. Above all, we
must remember that it’s only a tool. It’s
how we use it that would define our
future.
October 2018 27
Internet of Internet

30. The inception of Blockchain in 2008 can
evidently be considered as technological
reformation in the financial industry.
Cryptocurrency, distributed & transparent ledger,
smart contracts, and an exponential ascend in a
myriad of its applicability has bestowed immortality
upon Blockchain technology.
Founded in 2014, Everex is a financial technology
company that provides blockchain-powered solutions
to financial institutions and their customers. Its
solution enables cross-border money transfers, direct
payments, price-stable coins through crypto/fiat
currency exchanges and lending over the blockchain.
Everex ceaselessly innovates and transforms the
current financial landscape in order to enable
real-time transactions, at ultra-low cost. This
also aids in bringing individuals and SMEs
into the new global economy powered by a
distributed ledger technology. Sending money
abroad has now been made effortless by Everex’s
blockchain-powered e-wallet, Everex.cash.
An All-Encompassing Technological Disruption
Everex conducts business within three niches, where
not only other businesses can benefit from the strong
blockchain technology fundamentals, but end
customers too. These areas of functioning are as
follows:
1. Cross-border money transfers for
underserved population (remittance services)
by accelerating access to financial services
for underserved emerging market
consumers. For instance, the
organization’s latest partnership
with a bank in Myanmar will
help migrant workers to
seamlessly send money
back home.
Send money between
countries seamlessly at ultra-low
fees is now made possible.
“
”
Everex:Delivering Exemplary
Financial Services
Visakha Thongphetsavong
Chief Marketing & Business
Development Officer
October 201828

31. 2. Travel Money, Foreign Exchange and direct payments
with instant currency conversion on the blockchain:
With tourist industry market in trillions and growing every
year, Everex offers significant savings on FX rates and
payment processing fees by reducing double FX conversion
and limiting settlement time to less than a minute. For
example, European and Chinese tourists will benefit by
exchanging their respective national currencies to Thai baht
(eTHB) and pay directly to Thai merchants with Everex
wallet.
3. Seamless fiat-crypto-fiat transfers serve institutional /
individual traders and investors by enabling both, fiat and e-
money deposit and withdrawal options to and from
cryptocurrency exchanges and OTC desks. Everex’s e-fiat
currencies are a network of fiat-backed currencies which are
actually connected by the Everex’s payment network over
the blockchain. Currently, the company is opening a money
transfers/payments corridor between Europe and Asia for
both crypto- and non-crypto-based customers.
The company’s own token, EVX, simplifies these
transactions and allows using it to pay for fees and other
services.
Everex’s other very popular product includes Ethplorer
(ethplorer.io) which has 6 million visitors every month and
is quite a leading platform in Ethereum space. Ethplorer is a
crypto analytics tool that enables crypto traders to gather
access to the crypto market.
Expertise Personified
Visakha Thongphetsavong is a former Associate -
Investment Banker from Credit Suisse. She quit banking
and co-founded various FinTech startups before joining
Alexi Lane, the Co-founder and CEO of Everex and his
blockchain venture for which she is totally passionate
about. She is currently the Chief Marketing and Business
Development Officer at Everex, and is leading the
organization’s global marketing activities and business
development plan.
Visakha’s professional background as a former trader for
Credit Suisse and crypto trading since 2013 made her a
valuable executive member alongside her other colleagues,
given her strong understanding of the crypto market and the
utilization of the blockchain technology within the FinTech
space. She is also one of the very few young women
executive members within the blockchain industry having
led a successful tokensale of $26mn.
Excellence, Step by Step
Everex was founded by Alexi Lane and Aleksandr
Kakunov. Its token sale followed a couple of years ago,
raising $26 million, which gave the organization sufficient
runways to develop its business channels.
“The lessons we learnt along the way were plenty but the
most important one is that there has been a lack of
knowledge and education about the blockchain and its
advantages be it to the regulators or to the general public,”
states Visakha.
“We are more and more confident that the technology will
be soon understood and deployed by a wider range of
institutions. Central banks have started to look into the
technology deeper and regulators have started to
understand the benefits of such a technology. We strongly
believe that a global adoption will happen sooner than
what we initially expected,” Visakha adds.
Beholding an Exponential Future
Everex was initiated with a vision to provide individuals
and businesses an ideal and seamless solution to make real-
time payments and cross-border money transfers costless,
regardless of the availability of a bank account. The
organization has just signed a banking partnership with a
commercial bank in Myanmar, where it will make an
impact on the global 2 billion under-banked population
which has no or limited access to financial services.
Following this strategic partnership, Everex will further
expand into new regions and continents that will widely
benefit from its cost-effective solution, and explore the
cross-border money transfer route, as the company believes,
this is where it is making a big difference. Everex started
with South-East Asian markets, which is a home to some of
the fastest growing economies in the world. It is also
headquartered in Singapore, with offices in Bangkok. The
company also plans to expand its solutions globally to
Europe and North America. “We would ideally like to be the
go-to name for Blockchain-powered financial solution for
individuals and SMEs across the globe and become the
most admired FinTech powerhouse, making an impact to
emerging countries’ economy,” Visakha expresses.
Upon Everex’s latest partnership announcement with Shwe
Bank, U Thein Zaw, Executive Vice Chairman, says:
“Myanmar people working in Thailand are foreign
currency earners of our country, and their hard-earned
money is at risk when they send it home via informal
channels. Shwe Bank and Everex have partnered to offer
faster, less expensive and, most importantly, safer money
transfers using Everex’s digital remittance platform. I look
forward to working with Everex and expect this technology
to greatly improve financial inclusion for Myanmar migrant
workers.”
Most
Disruptive
Solution Providers
The10
October 2018 29

32. Smarter
Energy Grids
October 201830

33. Human beings have always looked up to nature and
made efforts to learn from its basic principles.
Sonars were inspired by dolphins, light bulbs by
fireflies, suction cups by octopus and robots itself to
replicate human beings. One such instance that has been
enthused by microorganisms is distributed ledger
technology (DLT), widely known as blockchain.
“The blockchain is an incorruptible digital ledger of
economic transactions that can be programmed to record
not just financial transactions but virtually everything of
value.”
-Don & Alex Tapscott.
It records transactions between two clients without any
third party authentication which is an efficient process when
it comes to stable data. Blockchain provides data
management without the threat of unauthorized access or
manipulations. It is proving to be a solution for frequent
problems in various fields. Blockchain technology has the
capability to disrupt approximately every industry ranging
from finance, to education to power.
Blockchain Technology in Smarter Grids
One of the areas in the energy industry where blockchain
technology can disrupt the market is smart grids. Lately,
blockchain has been well-thought-out as one of the
developing technologies that can be used for developing
decentralized grid topologies and revising the distributed
management of energy businesses. Blockchain database is
shared by all the nodes in the system. A node is an active
device which can be connected to internet and has an IP
address. Examples of devices include computers, tablets,
phones and even printers. The job of a node is to upkeep the
network by maintaining a copy of the blockchain and
process transactions.
Benefits of Blockchain in Smarter Grids
Blockchain can aid numerous utility industry requirements.
It can act as a foundation stone with the possibility of
disrupting the prevailing ecosystem. With the promotion for
e-vehicles and individuals shifting to electric cars, supply
and demand of energy needs to keep pace. Here blockchain
comes in the scenario with its peer-to-peer interconnectivity
and sharing. This balances the demand from several
foundations and makes the grid smarter by directing
sharing.
As there are small and compact smart grids, consumers with
the help of blockchain can simply trade energy with one
another thus saving time and earning a few dollars. In the
power industry, blockchain technology can ensure a 5D
Impact: decentralization, digitization, democratization,
distribution and deregulation.
Smart Meters
Smart meters are used to record electrical usage. These
meters enable us to monitor our electrical consumption
more precisely which will help consumers make better
energy choices. Through blockchain, clients can directly get
the amount spent which eradicates middleman thus saving
money. This creates a more resilient network for gadgets to
run on. Smart meters can also provide accurate data to the
provider without needing a direct link to the meter of
particular users.
With the help of blockchain, producers of smart grids do
not have to invest a humongous amount. Here the producers
get paid instantly, which leads to less capital expenditure.
Besides this, blockchain can play a serious role in adjusting
power flows through the amalgamation and optimization of
local grids measured by the public or consortium modes. It
can aid in the maintenance of permanent records by
servicers, giving a flawless view of a particular object or
part of infrastructure at any given time. This information
can be retrieved easily as the structure is built on a shared
platform, while retaining the authenticity of the record.
While the possible benefits of the Smart Grid are usually
discussed in terms of renewable energy goals, economics
and national security, it has the potential to help save
money by managing your electricity usage and choosing the
best times to purchase electricity. Consumers can save even
more by generating their power with the help of blockchain.
Lately, due to the speedy growth in the deployment of
DEPs the smart grid organization problems can no longer
be proficiently addressed using centralized approaches,
thus, the necessity for visionary decentralized
methodologies and architectures is widely recognized.
It is assessed that the blockchain technology will add
another $3.1 trillion by 2030. Lately, due to the speedy
growth in the deployment of DEPs the smart grid
organization problems can no longer be proficiently
addressed using centralized approaches, thus, the necessity
for visionary decentralized methodologies and architectures
is widely recognized.
Lastly, blockchain technology may eventually fast-track the
evolution to what the power industry calls a “distributed
world.” It is the sum of both small and large power-
generation structures for communities, businesses and
home. To prosper in capitalizing the potential of distributed
generation and supervising less foreseeable and more
capricious renewable power sources, the trade’s
infrastructure must first become more agile and less
centralized.
October 2018 31
Digi Connection

36. In an interview with Insights Success, Gregory
Simon, Founder and CEO of Loyyal shares his
experience and gives resourceful insights. In
addition to this he has also noted about Loyyal, its
products and motto of the organization along with
the future goals in revolutionizing the blockchain
industry.
Below are the highlights of the interview conducted
between Gregory and Insights Success:
Give a brief overview of the company, its
solutions and services?
Loyyal, the Internet of Loyalty, is reinventing
how customer incentives are created, rewarded,
and managed. Using proprietary blockchain and
smart contract technology, Loyyal’s platform brings
a host of benefits to a highly fragmented industry and
offers brands an innovative way to unlock the
billions of dollars in value held captive in legacy
loyalty programs today.
Our latest product release, Loyyal Product Suite
version 1.0 introduced a host of new customer
benefits with features and capabilities delivering
significant improvements in transaction
performance, security, scalability, and network
resiliency. This new packaging of Loyyal’s
Blockchain-as-a-Service and software
components brings together the core
Loyyal Platform APIs, the
company’s proprietary Private
Channels functionality for
secure, private transaction
sharing among partners,
Loyyal’s Program
The only limit is
your imagination.
Loyyal:
An Intensive
Blockchain-Based
Services Provider
Gregory Simon
Founder & CEO
“
”October 201834

37. Manager and Event Manager modules, together with Node
hosting for a complete solution.
Key among the major features introduced in the newly
bundled Loyyal Product Suite is support for Node-to-Node
sharing of transactions across Loyyal’s network. With this,
loyalty program operators now have greater flexibility than
ever before in providing Members with easy transfer of
points or miles between participating programs, all securely
enabled via smart contracts. This dramatically lowers costs
and improves profitability for program operators over
existing, non-blockchain industry alternatives.
Loyyal Product Suite version 1.0 goes further in meeting
the demands of world-class loyalty programs with a multi-
cloud, multi-peer architecture for enhanced disaster
recovery and data concurrency. This insures the gap-less
availability of transaction data required by today’s 24x7
member engagement via a program’s mobile and web
applications. Additionally, those same applications require a
blockchain capable of the reliable, real-time blocking
malicious or fraudulent transactions, to guarantee the
accuracy of the ledger shared between programs, partners,
and members; which only the Loyyal Product.
Give a detailed explanation regarding the
Founder/CEO/Management’s influence towards the
industry and the company?
Our CEO and Founder, Gregory Simon, is a CPA and had a
successful career in the finance industry before founding
Loyyal. His accounting expertise contributed greatly to our
understanding of a loyalty program as a balance sheet
liability for the program operator. This allows us to see the
challenges from the clients’ perspective better and therefore
offer more effective solutions with a real market need.
Describe the experiences, achievements or lessons learnt
that have shaped the journey of the company?
Over the four years we have been in operation we have
greatly refined our product from initially as a coalition
rewards program administered by Loyyal to the current
product of offering a blockchain platform for existing
programs to operate. The early years were challenging as
general knowledge of blockchain was limited, if it existed
at all. A significant portion of our time was invested into
educating the industry. Today, that challenge has improved
as the loyalty and rewards industry, in general, understand
the benefits from blockchain and that it is the future of the
industry.
How do you diversify Blockchain Services so that it will
benefit your customers?
We enable loyalty program operators, from travel &
hospitality, credit card rewards, retail programs, and more,
to increase member engagement and grow their network of
partners, while reducing integration and management costs,
and accelerating reconciliation and settlement. We also
expand customers’ marketing capabilities, simplifying data
sharing among partners with near-zero IT time and effort,
enabling customers to personalize offers and promotions
with near real-time insights into member behaviors and
interests while sharing data with partners more securely
than ever before. On Loyyal, customers can also grow
program profitability, by being able to trace the true value
of all loyalty currency through the entire program lifecycle,
and improve revenue management by redeeming the most
profitable points/miles first. We offer all this while enabling
loyalty program operators to retain complete control over
their brands.
Considering the rising number of blockchain solution
providers, how does Loyyal stand out from its
competitors?
Loyyal has been in operation for four years now, and differs
primarily through our focus specifically on loyalty and
incentive management, as opposed to the number of
blockchain generalists in the market today. This history, and
focus, have combined to give Loyyal a technological R&D
lead over the rest of the industry; our software platform,
and network are in use today across industries, including
major global airlines, and a leading international bank. Our
strategic VAR and system integration partners IBM,
Deloitte, CapGemini, iNet, and Reffind give us a global
presence. Last, though hardly least, we have multiple
international patents awarded and a growing portfolio of
additional intellectual property pending approval.
Where does Loyyal see itself in the long run and/or what
are its future goals?
We expect to lead the global loyalty and rewards industry
towards full migration to blockchain in the coming years.
We also have plans to expand beyond the traditional loyalty
and rewards industry into general incentive management.
For example, enabling health insurance providers to
incentivize healthy behavior in real-time, such as miles
walked, check-ins at a gym, or spend at a health foods store,
or enabling jurisdictions to incentivize its constituents for
pro-social behavior.
Most
Disruptive
Solution Providers
The10
October 2018 35

38. David Cahn is
Global VP of
Marketing for Elemica,
the leading provider
of a Digital Supply
Network for process
manufacturers.
ABOUT THE AUTHOR
David Cahn
Global VP of Marketing
Elemica
October 201836

39. Technological innovation is happening at a faster
rate than ever before, causing digital disruptions for
many businesses. A digital disruption is a
transformation that is caused by emerging digital
technologies and business models. These innovative new
technologies and models can impact the value of existing
products and services offered in the industry, actually
disrupting the current market and causing businesses to
re-evaluate their competitive advantage.
Ignoring digital disruptions can impact businesses.
Remember Polaroid? The company led the market with its
cameras that created instant pictures. Yet in 2001, the
Polaroid Corporation filed for federal bankruptcy protection
because the company failed to make the smooth transition
from analog to digital cameras. The corporation decided to
bet on their past innovations and, as a result, lost to
companies who jumped on the digital bandwagon. By
keeping abreast of changes in demand, businesses can
follow the trends and adjust their strategies to embrace
these changes, which will help them to thrive and grow
profits.
Today’s digital disruptors are companies like Amazon and
Uber, who use technologies to out maneuver the
competition and build growth. Disruptors can be startup
companies or long-established businesses. A wait-and-see
attitude will not give a business sufficient time to make a
comeback when the disruptor begins to dominate the
industry.
Companies must continuously reinvent their business using
digital disruptive technology or watch from the sidelines
while they lose market share. Yet, many businesses still
struggle with acceptance, and others don’t know where to
start the journey.
Accepting Digital Disruption
Digital disruption is fueled by next generation technology,
such as artificial intelligence, data analytics, the Internet of
Things and software-enabled platforms that tie all these
technologies together. C-level executives understand that
any industry can be profoundly affected by digital
disruption and no one can afford to ignore the threat. In
other words, digital disruption rewrites the rules of
business.
Digital disruption begins with acceptance of digital
transformation using digital technologies within operations
and ecosystems. Today’s technology allows all business
stakeholders to share a single network, connecting and
collaborating on supply chain operations from one end of
the enterprise to the other. Each trading partner has access
to information generated through the network in order to
gain visibility to all aspects of production, procurement,
transportation and distribution. With the proper information,
executives can make qualified decisions that drive
improvements in the business.
Accepting digital disruptions within the enterprise means
the business is no longer worried by the disruption and
CHALLENGESCHALLENGES
& RISKS IN ADOPTING
DIGITAL DISRUPTIONDIGITAL DISRUPTION
October 2018 37
Expert’s Column

40. instead leverages strategic planning and technologies to
drive the business. Disruption is accepted into the culture of
the organization so innovation is a day-to-day experience.
Instead of concern, the business will be better able to sense
and respond to changes in demand and disruptions to
mitigate any risk.
Often a business has to decide whether to respond to the
digital disruption or not. While it is not conducive to ignore
the disruption, businesses may not always have to respond.
Instead, the business can complement the disruption by
adding value to it. An example would be to create
technologies that augment the disruption, such as software
(added value) for an iPhone (disruptor).
Beginning a Digital Transformation Journey
To start the journey, management needs to design a strategy
for digital transformation that involves people, processes
and partners. The strategy should be broken down into
process steps that contain material, information and people
flow. Each employee knows that the product moves from
process A to process B in a specific quantity, at a specific
time, to a specific location. Because of digital technologies,
people have visibility into what is happening with each
step, giving them the ability to uncover bottlenecks that can
cause delays or poor product quality.
Today’s technology allows all stakeholders to share a single
network, connecting and collaborating on supply chain
activities from one end of the enterprise to the other. Each
trading partner has access to information generated through
the network in order to gain visibility to all aspects of
production, procurement, transportation and distribution.
With the proper information, executives can make qualified
decisions that drive improvements in the business.
Digital Supply Networks (DSN) are part of a digital
transformation journey, providing a technology foundation
for improving inter-business processes, expanding supply
chain relationships, increasing revenues and reducing
operating costs. DSNs create greater opportunities by
integrating suppliers, customers, and logistics service
providers in various ways depending on the level of inter-
business processes that are performing.
One method is to connect via ERP-to-ERP integrations with
high-volume suppliers and customers to streamline and
automate sell-side and buy-side transactions. A second
technique is through some type of portal for order capture
and invoicing for inter-business automation. Finally, some
leading DSNs provide email as a simple onboarding method
to digitize an inter-business process without requiring
supply chain partners to have any integration software.
Benefits of Digital Disruptions
Digital transformation helps customers know where their
“stuff” is at all times, similar to the conveniences derived
from mobile apps, where a taxi is ordered and the route
visualized on the phone screen. Emerging next-gen end-to-
end visibility applications in concert with a network of
interconnected buyers, suppliers and logistics providers are
enabling companies to lower working capital and operating
expenses, mitigate risk and improve customer satisfaction
by breaking down silos within the organization. With digital
transformation, the supply chain is now a completely
integrated ecosystem accessible by all stakeholders.
With end-to-end visibility as the key driver for an effective
supply chain improvement strategy, businesses must rely on
building more collaborative relationships across their
network of trading partners. Gaining end-to-end visibility
across transportation processes can deliver 6% or more in
transportation savings, remove the equivalent of 15 people
from operating costs by improving productivity, and reduce
the Cash-to-Cash cycle by 4 days or more.
Digital systems gather data, which can be used for
predictive analytics and machine learning to continually
improve the organization. More informed decisions can be
made by management. Disruptions from digital
technologies can reshape markets and help with launching
new products or services for less cost.
With a digital transformation in the supply chain, silos
dissolve and every part of the ecosystem has full visibility
to what is happening from end-to-end. Supply and demand
signals can travel through the network uninhibited, alerting
the appropriate parties to low levels of raw materials or
inventory, or seasonal spikes in demand. Because trading
partners get this information in real time through the digital
supply network, they can react accordingly. Digital
disruptions from digital transformations will results into
huge gains in customer satisfaction, profits and efficiencies.
October 201838

42. Blockchain technology has revolutionized
the way we make transactions on the
internet. Be it valuable information,
currency or any other form of asset, blockchain
technology helps us to move it from one place to
another with enhanced security and ease.
Apparently, various industries have shown interest
in adapting this technology. Needless to say,
blockchain technology can be a potential tool for
industries that are involved in valuable
transactions like banks and Non-Banking
Financial Companies (NBFCs). Many
companies have already started leveraging
blockchain technology and have introduced
all-new services in the financial sector. One of
these companies is SALT.
Founded in 2016 in Denver, SALT is smartly
leveraging blockchain assets. Through its
platform, SALT allows cryptocurrency holders to
secure cash loans by collateralizing their
blockchain assets. Simultaneously, its services
provide opportunity for exposure to this evolving
digital asset class. SALT is committed to
advancing a global blockchain-based
ecosystem. The company has a member
base of more than 70,000 and currently
operates globally with a
commitment to further expand its
licensed lending jurisdictions.
SALT currently offers
loans collateralized by
One of the few companies
that lends in fiat currency,
SALT allows crypto holders to
secure cash loans by collateralizing
their blockchain assets. The company’s
services also provide opportunity for
exposure to this evolving digital asset class.
“
”
SALT:Leveraging Blockchain
Technology to Optimize
Lending Processes
Bill Sinclair
Interim President and
CEO and CTO
October 201840

43. Bitcoin, Ethereum, and Litecoin to its customers around
the world with a goal of expanding its platform to accept
additional digital assets as collateral. The company is
also continuing to broaden its product offerings based on
customer needs.
Adding Value to the Industries
SALT is contributing not only to the blockchain industry
but to the financial services industry as well. The
company seeks to advance the use of blockchain
technology in modern society, as well as democratize
loan access by enabling crypto holders across the world
to secure hard cash loans through collateralization of
their digital assets. Through this approach, it also seeks
to maximize flexibility of loan terms for customers in all
of its lendable areas.
The “One for ALL” Leader
Bill Sinclair holds the positions of Interim President
and CEO and Chief Technology Officer at SALT where
he is responsible for driving the strategic direction of the
company, facilitating the development of a best-in-class
software platform, and creating long-term enterprise
value for shareholders. With more than 20 years of
experience in techology and software, Bill has managed
IT departments and software development teams as well
as executed on global strategies across industries
including finance, energy, and Internet of Things (IoT).
Bill’s domain expertise in the energy industry guided a
prior venture, Agelio Networks and the development of
MineralFile, a patented SaaS platform for revenue
tracking and land management in the oil and gas
industry. Specifically, he brings three areas of expertise
essential to SALT’s success: experience with building
technology companies, a strong understanding of the
financial services industry, and a natural, proven ability
to assemble solid, high-performing teams.
Standing Ahead with its Distinctive Features
SALT is one of the few companies that lends in fiat
currency—something that sets it apart from other
industry players. With a primary goal of serving large
clients, SALT’s offering—live portfolio valuation,
around-the-clock global support, a range of competitive
rates, flexible loan terms, and a proprietary custody
solution— enables it to meet the needs of individuals and
businesses alike, making it the ideal loan solution for a
wide range of clients. Additionally, SALT’s proprietary
technology enables it to conduct transactions on the
blockchain and
will help it to scale quickly in the future.
Optimizing Lending with Blockchain
As blockchain technology and cryptocurrency became
more widely adopted, SALT’s founders recognized a
hole in the market that traditional banks and lenders
could not fulfill. With an understanding that many crypto
holders treat their digital assets as a highly valued
investment, it only made sense that there should be a
way for these holders to secure a loan by collateralizing
them, just as a traditional lender will permit borrowers to
collateralize a house or car. No longer should crypto
holders have to sell their assets to access hard cash.
Keeping this in mind, SALT was among the first set of
companies to offer blockchain-backed loans in fiat
currency—an incredible achievement that has opened up
new opportunities for crypto holders across the world. As
SALT’s business continues to grow and evolve, the
company is constantly learning from its customers,
responding to their needs and requests in the form of
future product offerings.
Aspiring Leadership Goals
SALT has numerous goals it is working toward with the
overarching objective being to provide as many
blockchain-based loans to as many clients as possible,
and to be able to do so in a way that is easy and
transparent to its lending community. Other long-term
goals include its continued growth and expansion of
lendable areas including the entire United States. Over
time, SALT also seeks to increase the variety of
blockchain assets that can be collateralized for loans, as
well as add new products for crypto holders from both a
consumer and business perspective. On the investment
side, SALT is continuously in conversations with
investors to bring in capital that can be lent out to meet
borrower demand.
Most
Disruptive
Solution Providers
The10
October 2018 41

44. The
Universality
of IoT
Technology
The
Universality
of IoT
Technology
“
The gratifying tool for companies to lead ahead -
IoT Technology” The Internet of things (IoT) is a
revolutionary change for many sectors like
manufacturing, agriculture, retail, electronic, energy and
healthcare which are progressing towards the IoT
phenomenon to connect digitally. It has placed an
opportunity to build unusual results which increases a
company’s compatibility. Enterprises seeking
development are focusing on the use of real-time data
management and IoT analysis. Many of the
companies are adopting this technology to heighten
their power of consumption. Companies are
mainly concentrating on IoT application from
“sensing” instead of “doing” to grow its
competitive advantages. This element empowers
organizations by allowing them to take the IoT
advantage and adopt a more ‘innovative
connected approach’.
Infrastructure Management – Optimization of
Technology
New applications are now enhancing their level of
consumption. Likewise, manufacturing sector is also
October 201842

45. which land is fertile or which one is dry and predict
future fields.
IoT Technology Helps to Optimize Energy
Consumption
Integrated Sensing and Control system helps to optimize
energy consumption. IoT devices are integrated with
energy consumption systems in order to maintain
balance between power generation and energy usage. IoT
devices offer the opportunity to remotely gather
information. It enables advance functions like remote
controlling and changing light conditions. IoT
Technology work for home-based energy system which
provide power related information, energy consumption
and energy usage at homes. IoT devices set goals to
improve efficiency, reliability and sustainability of the
energy system.
Monitoring Environment through IoT Technology
Environment monitoring application has been involved
with sensors to assist information about environment
changes by identifying water quantity, atmosphere, air
pressure etc. It also has focus on monitoring movements
of wildlife and their habitats. Devices connected to the
internet also provide statistics about earthquake or
tsunami - early warning systems, and also used as an
emergency system. IoT device application is used to
collect geographic information and majorly instructive
information. This device also uses standardized approach
to bring wireless sensing technique and gather finest
information.
IoT Technology Helps to Sustain Building and Home
Automation
With certainty, IoT devices are used to monitor and
control the mechanical, electrical and electronic systems.
IoT devices are used in various types of home
automation and building automation systems. Control
and sensory applications offer unified information. The
integration of the internet with building creates an
energy management system which will allow prominent
energy efficiency.
There have been many ways for IoT technology to
expand compatibility in the digital world, and it will be
implemented in each sector to work as an important tool,
to enhance its affinity. After all, the IoT network makes
technology more unified and satisfying, with its tools and
applications and IoT will be a step ahead towards
numerous opportunities.
getting engrossed and achieving excellence through IoT
Techniques. Applications are liable for monitoring and
controlling operations for urban and rural manufactures
like bridges, farms, and railway tracks. It is the key
features of the applications were IoT infrastructure is
also used for monitoring the construction safety and risk
management system and operations. This major feature
represents the mechanism of IoT application which
works under infrastructure management. Benefits of IoT
Technology are cost reducing, time reducing, better in
quality, and increase productivity. It helps to make fast
decisions and save money with real-time analysis. IoT
devices help to give prominent results by monitoring and
controlling operations used in all infrastructure related
area.
Manufacturing Techniques are Growing with IoT
Technology
In the manufacturing sector, networking and controlling
have been used with IoT devices. It provides information
about data and operation stability. Network status and the
information is collected in the system by tracking IoT
device. Manufacturing control process deliver
information about industry application and smart
manufacturing details receiving form IoT device. IoT
intelligent system enables sharing information about
product demands, service management, supply chain
networks, sensors and control systems together. Small
industries can also be integrated with IoT technology
that enables real-time optimization, measurements,
production compatibility and safety management.
However, intelligent systems are determined as the
significant technique that implies user experience and
system security which ultimately saves costs.
IoT Technology brings Innovative Farming Methods
The Agriculture sector is one of the industry to
implement IoT technology for stability and better
performance. IoT technology has become a significant
method of farming. It also offers durability and
functionality to the whole process. The combination of
wireless sensors with agricultural apps and cloud
platforms benefits in gathering definite information
relating to environmental conditions like, rainfall,
temperature, humidity, wind speed etc. Farmers are
getting competent results out of it, and are able to find
real-time information easily. Linked with farmland, it
improves and automates farming techniques like weather
information, taking decision on quality and quantity, and
minimizes risk and waste. With IoT Tech farmers can
find out detailed information of farm and similarly know
October 2018 43
Editor’s Choice

48. Impact of
Blockchain
technology
in Logistics
industry
Raghu Bala CEO, NetObjex Inc is based
in Southern California. Raghu formerly
worked with Yahoo, Infospace, PwC,
and with 3 successful startup exits.
He is a Wharton MBA in Finance, MS
in Computer Science from RPI,
Ex-Columbia University Adjunct
Lecturer, published author and major
conferences including IoT Congress,
Google IO, and more. His Current focus
areas are Decentralized computing,
Distributed ledgers, IoT, and Crypto-
currencies respectively.
ABOUT THE AUTHOR:
Raghu Bala
CEO
NetObjex Inc
October 201846

49. The Logistics Industry is a key segment in several
world economies, including that of the United
States.
Using a study from AT Kearney, it accounted for about
7.5% of GDP in 2016. The Logistics industry is made up of
several subsegments including:
Ÿ Motor Carriers e.g. JB Hunt, Old Dominion
Ÿ Parcel Delivery e.g. Fed Ex, UPS
Ÿ Rail e.g. CSX, Norfolk Southern
Ÿ Container Shipping e.g. Maersk, Hapag-Lloyd
Ÿ Air Freight e.g. DHL, Martinair
Ÿ Pipeline companies e.g. Enbridge, Kinder Morgan
Ÿ Freight Forwarders e.g. Kuehne+Nagel, Sinotrans
Ÿ Third Party Logistics e.g. CH Robinson, XPO Logistics
Ÿ Warehousing Companies e.g. Ryder, Geodis
Many of the players in the above list bleed over into the
other segments and offer a broad product mix.
Technology has continued to be the catalyst for change in
the Logistics industry. New business models are being
constantly developed and driving the industry towards a
flexible, connected, optimized supply chain. Customer
expectations also continue to evolve with a greater need for
immediacy, convenience and personalization at the core.
AI, IoT, and Blockchain technologies have a major role to
play in this evolution.
Logistics, in general, involves a Chain of Custody where
goods change hands between multiple parties. For instance,
a Seller in China wishes to ship goods to a Buyer in the US.
It is very likely that in this scenario the goods e.g. a
Container will go through several intermediaries e.g.
trucking companies, shipping companies before reaching
the buyer.
At present, most of this journey is fairly opaque in that once
the goods leave the custody of the Sender, there is very little
insight as to its status until it arrives at the Buyer. When
single companies handle the entire shipment e.g. FedEx,
DHL etc then there is slightly more visibility through
mobile notifications and web based tracking via tracking
numbers. But when multiple carriers are involved, tracing
and tracking becomes exponentially more difficult and is
not being handled most effectively at present.
Enter Blockchain to the rescue. Blockchain is a form of
October 2018 47
Expert’s Insights

50. Distributed Ledger technology may be just what the doctor ordered when it comes to improving the transparency in the
Logistics industry. Blockchain technology provides a transparent, tamper proof, and immutable ledger – three properties
which could help mitigate several of the inefficiencies in Logistics.
Before we examine Blockchain in detail, let us quickly list some of the common issues faced in Logistics:
Ÿ Inefficiency e.g. goods not arriving on time
Ÿ Loss e.g. goods perishing enroute due to improper handling
Ÿ Theft e.g. goods being stolen due to lack of security measures
Ÿ Counterfeiting e.g. goods being replaced with counterfeit goods
Ÿ Fraud e.g. document fraud where documents such as bill of lading are modified
With this context in mind, let us study how Blockchain can help in Logistics. First, blockchain technology is extremely
useful in ecosystems involving multiple players who work with one another but there may be trust issues. The Logistics
ecosystem easily qualifies in this regard. Second, most of what ails the ecosystem is a lack of accountability which is
brought about by the lack of transparency. For instance, in the chain of custody, if all the ecosystem participants have
their own information silos (either automated or otherwise), then there is a lack of a common set of truths or a common
system of record. This leads to inefficiency, errors, and even fraud. Third, compound this already maligned ecosystem by
saddling it customer requirements such as cold chain shipments where temperature has to be maintained within specific
thresholds e.g. pharmaceuticals or wine.
In all three cases, Blockchain is a perfect fit. First, it helps all ecosystem participants’ work off of the same data by
sharing data across trust boundaries breaking down the silos on information. Second, when coupled with IoT technology
for real time data acquisition, blockchain can be used for governance and accountability in Chain of Custody situations.
For instance, in a cold chain shipment, one can easily ascertain which party was responsible for a shipping container
while in transit when the temperature gauge reading went outside of the preset thresholds.
Blockchain promises to be a game changing technology and something that is a very good fit for the Logistics business
and all of its complexity.
Source: NetObjex Inc
October 201848