More High-Potential Projects in the Works

There are a number of high-potential projects in the works for Expanseall designed to generate fee income to help keep Expanse afloat and utility for LAB and EXP, with the goal of creating value for token-holders.

  • Private Label Bank Wallet
    A large South American bank is close to signing a deal with Expanse to private label the Luna wallet for its consumer banking customers to use when shopping with the banks’ small business banking segment.
  • Startup Poised to Launch on Expanse Blockchain
    A start-up with very high potential is close to making a decision about launching their project on the Expanse platform. We have been nurturing this opportunity for some time, and are feeling somewhat confident that we will have an announcement for you in the very near future.
  • Crypto Starter Kit
    As yet unnamed, this concept is to bring everyday Joes quickly and smoothly into the world of  Bitcoin and cryptocurrency. Just in time for Christmas, this product is intended for mass-marketing to the general population. The concept is not entirely new, but we think we can do it better.
    Purchasers will receive small amounts of EXP and LAB to work with as we walk them through various entry-level processes culminating in minting their own coin on Tokenlab. We plan to license content from and work with the creators of some very well-established training courseware. Although we have a verbal agreement with them, we hope to have the MOU signed next week.  

Expanse Inks Partnership Deal with Elite South American Sports Agency, Sports Agents 502

Signed MOU Outlines Utility for LAB and EXP

Today, Expanse signed a partnership deal with Sports Agents 502, with the intent to migrate certain aspects of their business to the Expanse blockchain. Starting with Guatemala, then expanding to all of South America, the project is called BSports and will eventually be a global initiative.

Headquartered in Guatemala, Sports Agents 502 is an established sports management firm. Its focus is on managing and marketing elite athletes, primarily across South America. Founded in 2016, Sports Agents 502 inspires brands and sports figures to maximize the value associated with elite sports through sponsorships, events and  other activities.

Omar Alvarez, Expanse Creative Director, is working directly with Sports Agents 502 CEO, Luis Arboleda, to define and orchestrate the initiative. 

“We plan to build a Sports Smart City on the Expanse blockchain in three phases,” said Alvarez. “The project scope takes into account Tokenlab functionality already created, including minting tokens and launching smart contracts on Expanse.”

The first phase of the project involves establishing an identity on the blockchain for every athlete in every sports federation. (There are 46 sports federations in Guatemala alone.) Each athlete will have an online profile, approved by their respective federations. The federations will have the ability to record events and results on the athletes’ profile pages. This profile information can be leveraged for  sponsorships or trading. 

The second phase takes the application global, registering teams and allowing them to trade players using tokens. 

Phase three involves working with broadcasting and sponsorship contracts for TV, Radio and Internet. The goal is to bring transparency and trust to the broadcasting and trading process, as well as to facilitate securing sponsorships from local and global brands. 

“This undertaking has been a concept I have wanted to bring to fruition for some time,” said Arboleda. “The blockchain in general is the perfect vehicle and Expanse is proving to be the ideal technology partner to make it all happen.” 

Now that the Memorandum of Understanding (MOU) is signed by all parties, the planning and development begins. Watch for regular updates in upcoming newsletters. 

Blockchain and IoT—Two Innovations Merging into a Revolution

Jitendra Rathod, newsletter contributing editor, provides insights into the ongoing technological revolution that is underway via the Internet. 

Ever since humans have occupied the earth, centuries have been marked by inventions and innovations which have brought sweeping changes in the way we live and think. Going back to history, the fire was the first tool humankind used to arm, civilize and better its lifestyle. Since then, the wheels of science and technology have never stopped. Electricity was discovered, wireless communication was established, man invented televisions, airplanes, rockets, satellites, and the internet.

The last of these, as we have seen, is a technological revolution of the kind never witnessed before. It has changed the face of the earth and everything on it— it has seeped in our daily lives through and through. Today, we use it not only to the end of staying connected with the rest of the world but also for managing our tasks which previously involved cumbersome methods and processes. Coming to the latest, there are two technological innovations which have dominated our decade— the Blockchain and Internet of Things.

What is the Blockchain?

Simply defined, blockchain is a digital database containing information (such as records of financial transactions) that can be simultaneously used and shared within a large decentralized, publicly accessible network.

It is clear, even from this definition that decentralization is at the heart of this technology. This contains in itself the notion that blockchain is essentially, a peer-to-peer platform. It does not have central control over it and hence it cannot be manipulated. It naturally follows that the possibility of the presence of any third party is eliminated. Since it is a distributed ledger technology and encrypted from end to end, the data it holds cannot be tampered with.

Moreover, data can only be added to the blockchain in a time-sequential order. This attribute seals the fact that any data contained in the blockchain is rendered immutable. All of these characteristics go on to establish how successful an ally blockchain could prove to be to the Internet of Things.

What is the Internet of Things?

By definition, again, IoT is a computing concept that describes the idea of everyday physical objects being connected to the internet and being able to identify themselves to other devices. 

Now, it is to be made note of that traditional IoT systems are based on a centralized architecture. The devices thus connected send the information to the cloud (internet), which in its turn processes the data analytically and then sends it back to the IoT devices. IoT contains in itself the potential to connect billions of devices; which would inevitably come under the umbrella of a centralized system.

It is clear, therefore, that the present-day IoT systems are far from perfect. Devices share a lot of critical and important information to the internet. This makes it very vulnerable to hackers and thus poses significant data privacy and security risks. The most infamous of IoT attacks include Mirai botnet, which, in 2016, infected a huge number of IoT devices, taking down Etsy, GitHub, Netflix, Shopify, SoundCloud, Spotify, Twitter, and a number of other important websites; and the Brickerbot attack which simply killed the devices.

Moreover, based on a centralized network, IoT also runs the risk of single point failures when one nuance can damage the entire existing network.

These are the areas where the IoT is still struggling and this is exactly where blockchain can come to its aid.

Two Innovations Merging into a Revolution

It is commonly said that the whole is greater than the sum of its parts. This age-old adage cannot be more suitable for anything than the combination of blockchain and the Internet of Things. Indeed, the advantages of such a merger are many:

  • To begin with, blockchain is an encrypted ledger technology, which means that the data which is contained in it could be trusted by all the parties involved. It would be next to impossible to tamper with the information stored on a blockchain.
  • Smart contracts, a feature of some blockchain platforms like Ethereum, allows the creation of agreements which are executed only when certain conditions are met. This would not only make transactions easier and cheaper by the elimination of third parties but would also ensure that no individual can use the data for personal benefits. Cryptographic sharing of information shall cross out the risks of security breaches.
  • Blockchain shall lead to the betterment of the overall IoT security environment. It is to be noted that most of the data IoT deals with is very private and contains details of the lives of ordinary people. This data is made useful by getting shared with other machines and services. However, this also implies that it is prone to hackers which in turn means that individual privacy is put at risk. Blockchain shall provide a robust security system which shall be difficult to penetrate.
  • Lastly, blockchain shall help eliminate single-point failures which IoT runs the risk of. This would ensure that the IoT machinery runs without hindrance, hence making it more efficient.

Existing Blockchain-IoT Platforms

Steps have already been taken in the direction of merging the blockchain technology with IoT. Many platforms have emerged which understand the importance of such a combination:

  • HDAC: The Hyundai Digital Asset Company is making use of blockchain technology to enhance communication and data storage on the IoT devices.
  • Walton Chain: Walton Chain combines RFID and the blockchain for making IoT more efficient.
  • IOTA: IOTA is famously the first-ever platform to integrate blockchain into the Internet of Things.

These are just a few platforms which have adopted the revolutionary idea of combining blockchain and IoT. Other names that surface on this list include VeChain, Ambrosus, Power Ledger and Helium.

Parting Words

The applications of blockchain technology are enormous. The technology is akin to the discovery of electricity that fired up all the innovations that run on it. It is currently beyond our comprehension as to how blockchain technology may fire up other innovations. It is clear how blockchain could transform IoT and the combination can create something more secure, more efficient and more useful than the existing order.

Guatemala City to Host Blockchain Week

Guatemala and d/t (Decentralized Technologies) are hosting Blockchain week in early September.  d/t is a Guatemalan open source blockchain movement founded to empower the individual through the use of smart contracts. The belief is that mass adoption of blockchain tech can start through those who need it most: emerging economies like Guatemala.

The week will be filled with tours, educational sessions, and inspirational speakers, ending with a Hackathon. Here’s how Expanse is participating:

  • Omar Alvarez to Headline Guatemala Blockchain Week
  • Expanse to Sponsor Guatemala Blockchain Week Hackathon
    Expanse joins other well-known blockchain companies, such as Binance, to end the week of activities by hosting a hackathon. The hackathon challenge is for entrants to build a dApp that empowers individuals using open source protocols.

Omar, Expanse Creative Director, an active member of the blockchain movement in Guatemala, is contributing to the planning and execution of the event. He is also a featured speaker, helping to raise awareness of Expanse. 

Gander v3 is Live

As we reported in the June 15 newsletter, Expanse Founder and CEO, Christopher Franko, defined the specifications for Gander v3. The specs include a slew of enhancements and new features. So as not to have Gander offline for any length of time, we took the approach of adding enhancements as they were  complete. Read the release notes in the Gander channel on our Discord to learn more about the details.

Here’s a recap of the enhancements that comprise Gander v3, all of which are now live:

  • Users can use our public API to get decoded information of transactions, blocks and uncles.
  • Contract input decoding script is in place and been tested right now, so in future you can view decoded contract input so they can be understandable.
  • All new graphs so anyone can view what’s happening on the network.

EXPEX Listing Contest Winner, Ether-1

And we have a winner! Two weeks ago we announced that Expanse is having an EXPEX contest. The prize is that one lucky project will receive one year of listing on our decentralized exchange at no cost. That is a $10,000 USD value.  

We received hundreds of entries, and the winner of the free listing is the Ether-1 Project. The Ether-1 Project aims to completely disrupt  how information is shared and controlled. It is a fully decentralized hosting platform that combines blockchain indexing technology and the IPFS protocol to deliver decentralized content on-demand. It utilizes the node network for storage and bandwidth, along with providing DDoS protection, censorship resistance and high reliability due to not having any single points of failure. 

“We are thrilled to have won this listing and about the new exchange in general,” said Ether-1 Project Manager, @Primate411.  “We need more exchanges like EXPEX to stop relying on huge exchanges that don’t have the users’ interests at heart.”

“We are happy to welcome ETHO to our impending trading platform,” said Christopher  Franko, Expanse CEO and Founder. “It is a real credit to the ETHO-1 community members, whose loyalty and support led to the win.”

Congratulations Ether-1, and welcome to the Expanse ecosystem via EXPEX!

Compelling Quotes

Here is a collection of compelling quotes posted over the last two weeks in our various Discord channels:

From Christopher Franko:
“I’ve just kind of come to realize that we HAVE to treat development and crypto in general as a marathon instead of a sprint. We can only sprint for so long; we have been sprinting as an industry for nine years. Now that we have the co-opting of crypto happening from big industries like facebook, the stress to sprint is even higher. But maybe it’s better to just go back to our origins and focus on what made crypto great originally. It seems like a lot of our early adopters forgot. Because they got all that money and just stopped caring about the mission.”.

From a Community Member:
“Agree with @frk. No one really cares about privacy and financial freedom in 2019. Most of crypto anarchists are gone.”

From a Community Member:
“…this is where you have no choice but to admit you’ve got at least a pocket of libertarian ideals, if you truly care about it. What happened with the ICO phenomenon and the previous “moon” phase is a conundrum―global access (virtually), yet individual free choice of participation.

All the ETH- and EXP-style stuff is still very young, and we really don’t know exactly where it’s going. Any route any of this takes, and its clash with government desire to impose regulations (unless it benefits them economically–as it may the institutions the technology is “intended” to “circumvent”), at all, would be hard to argue ethically about. This dilemma is the reason it came about. The fight over its intent is happening and will continue to happen at every stage.”

Behind the Tech Featuring Dania Ilmas

Jitendra Rathod, newsletter contributing editor, interviewed Dania Ilmas, Expanse Project Manager. in regard to her new role with Expanse.

Dania Ilmas is the latest addition to Team Expanse. She is from Islamabad, Pakistan and works alongside Asim and his team from our Islamabad office.

Dania holds a bachelor’s degree in Computer Science from COMSATS University, Islamabad, ranked amongst the top 10 universities in Pakistan.  

Thanks to her mother and uncle who both worked in the IT industry, growing up, technology was a big part of Dania’s life, ever since she was a little girl. “My family is very tech savvy and I had the opportunity to play around with computers from a very young age.” Dania regards her mother and uncle as the guiding light behind her interest in IT.

After finishing university, Dania started working as a .Net developer for a while and then shifted to Software Quality Assurance since she loved finding bugs and getting good quality software delivered to clients. Working in QA eventually exposed her to the crypto industry as she got involved in blockchain projects. She has been working in this field for the past one and a half years. 

Dania recently joined Expanse through a referral. “It’s been only a while but I am already enjoying my time here. The entire team is highly motivated and very encouraging.” She will be working for Expanse as a Project Manager and also in the quality assurance department. “My work is related to ensuring fixes, updates and newer versions/improvements in the project.” She also looks forward to getting involved with the community to understand its aspirations and deliver a better experience from her and her team’s end.

On being asked what excites her the most at Expanse, Dania says that it is the immense potential for growth. “It is always amazing to create new things and to add value to aspects that improve the existing project. Since Expanse is an Ethereum fork, I see a lot of potential there along with the ability to customize that can make this network unique.

Dania says that she looks forward to start work and getting her hands dirty with some exciting projects. “I am up for the challenge and hopefully I can find solutions to the things that will come my way.

Talking about her view of the crypto industry, Dania feels that the future of currency lies in crypto and blockchain. “Expanse can contribute greatly to this technology with the help of its dynamic community and will be able to innovate solutions that help us grow in the world of crypto.

Dania looks forward to working with Expanse and she feels that this is a turning point in her yet nascent career. She believes that this is a big opportunity for her to be part of the Expanse community that will be growing in the future as well.