XSC Wallet Driven Crypto Payments Available at the FI-Forum

The success story of the XSC Wallet continues as Datarella, for the second conference this year, offered visitors of the FI-Forum the possibility to use the XSC Wallet. This builds upon the our XSC Wallet deployment at the the DAHO.AM conference last July.

The Fi-Forum is the trade fair of Finanz Informatik, the IT service provider of the Sparkassen-Finanzgruppe. IT solutions, innovations and new services are presented there each year. There were also more than 90 speeches and a parallel hackathon with interesting topics to be addressed. 

At the fair, visitors got XSC Coins in their own private event-wallet which they could spend on merchandising products such as powerbanks, bags and notebooks, generously provided by partner ZEB (zeb.rolfes.schierenbeck.associates GmbH). To do so, the visitors only had to download the wallet from the App Store or from Google Play. They were instantly rewarded with XSC Coins which they could spend on the goodies. The ease of use and rapid transaction execution often opened a new and more positive view on crypto payment. Moreover people who didn’t spend all of their XSC were regularly asked by others to send them the unused XSC to their wallet in order to buy extra goodies. 

Together with ZEB, we held many discussions with prospects about topics such as blockchain-based financial systems, crypto payments and the future challenges of this technology.

A big thank you to the Finanz Informatik and ZEB for making it possible to help visitors explore the world of crypto payments by using the XSC Wallet on the Fi-Forum.

Getting Results: Blockchain Mobility Hackathon Solutions Map

Blockchained Mobility Hackathon

The Blockchained Mobility Hackathon on the weekend of July 20-22 saw a flurry of innovation by a colorful mix of corporate and independent hackers along with some of the world’s biggest mobility players. In order to visualize the PoCs presented, we’ve built an interactive infographic.  

Building a blockchain mobility ecosystem with multiple distributed ledger technologies is a complex task that will require the smartest minds among us over a number of years. To that end, we asked each of the hacker teams competing at the Blockchained Mobility Hackathon to locate their prototype within a specific point in the tech stack as part of a future mobility user journey. In the infographic above, you can click to explore each of the PoCs presented and see immediately where the solution fits into the big picture for blockchained mobility. 

Embedded in the infographic you’ll also find the results for each team including videos of the final pitches, team interviews about next steps and you can even drill down into the code with direct access to the repositories from each team. Click the image now to expand the infographic and navigate to detailed information about each teams results.

We’re working hard to move toward the development of a mobility future where everyone can compete and collaborate by leveraging blockchain and distributed ledger technology across the mobility industry. Thank you to all of the participants and sponsors of the Blockchained Mobility Hackathon 2018! This is just the beginning.

Team “Pac-Man on Wheels” – Third place in the Blockchained Mobility Hackathon

Pac-Man on Wheels, the winners of third place (for USD 1 000 + 15 000 XSC tokens)

Democratize autonomous driving by crowdsourcing and gamifying the data collection via IOTA Tokens

Q: What problem does your project solve?

A: In order to empower autonomous driving hundreds of thousands hours of sensor data are required. Individual data acquisition without merging possibility is never able to gain the appropiate amount of data needed to secure all driving scenarios. This can only be achieved by crowdsourcing the data by incentivizing road users with IOTA Tokens. A decentralized market place ensures the complete data availability.

Q: What expertise and roles did you have on your team?

A: Michael Karl: Business Development, Distributed Ledger Evangelist, IoT, Autonomous Driving & Sensorfusion Expert

  • Dr. Simon Hassannia: Head of Business Innovation and Automotive Industry Expert
  • Martin Mihaylov: Computer Vision & AI Engineer, Entrepreneur, Designer, All things tech enthusiast
  • David Hawig: Iota, Ipfs and Ntru C# Developer
    • Dr. Simon Hassannia: Head of Business Innovation and Automotive Industry Expert
    • Martin Mihaylov: Computer Vision & AI Engineer, Entrepreneur, Designer, All things tech enthusiast
    • David Hawig: Iota, Ipfs and Ntru C# Developer

    Q: Which technologies and tools did you use in your project?

    A: NTRU for encryption, IPFS for decentralized file storage, IOTA for immutable decentralized data exchange and monetization, Xamarin for multi-platform application development

    After we finished the Blockchained Mobility Hackathon with the 3rd place our team quickly set up communication channels to stay connected. Although our team has just found itself on the Hackathon we have a very strong attitude our project will successful be enhanced and implemented now. Because of the perfect mix between software and business developers and the seamless collaboration inside the team we have a strong starting point now. By attending at the DAHO.AM conference right after the Hackathon we received positive feedback from several attendees and company representative to have found a well-fitted business case here. The strong interest in “Pac-Man on Wheels” strengthened us once more to proceed with the project. We already spoke to interested companies and investors at the DAHO.AM and figured out some approaches how to get going. We are still in negotiations if the project will be kicked off as a start-up or, which is actually more likely, integrated into a project of an existing company. Since nothing is settled yet, we appreciate and want to encourage any interested party to get in touch with us to discuss common realization possibilities.

    European Mobility Players Are Getting Serious – Compete & Collaborate At BlockchainedMobility Hackathon

    Blockchained Mobility Hackathon

    Over the weekend of 20-22 July, heavy rain poured on the streets of Munich. Which did not prevent 20,000 people to demonstrate against xenophobia at Königsplatz, also went more or less unnotced by the 150 participants of the BlockchainedMobility hackathon who met to create blockchain-based mobility solutions. 

    Hacker teams of leading European mobility players, such as BMW, Volkswagen Group, Bosch, Deutsche Bahn, Deutsche Telekom, Amadeus, and others mixed with freelance developers, designers and business experts to work on IOTA and Ethereum. On Sunday afternoon, the jury saw 18 project teams presenting a broad variety of mobility solutions, from specific applications, such as a EV charging station finder, to more generic solutions like a mobility API to match offerings of mobility providers with the needs of the end user.

    Georg Eisenreich, Minister of the State of Bavaria

    The hackathon started on Friday with a keynote by the Minister of State for Digital, Media and Europe, Georg Eisenreich, who highlighted the importance for collaboration of the State of Bavaria with on the one hand corporations, such as the hackathon‘s sponsors, on the other hand with the technology – or more specifically – the blockchain community. Minister Eisenreich emphasised the role of the State of Bavaria in providing a sound economical framework for blockchain startups and projects. He encouraged the participants to be creative and dare to found companies in order to foster Bavaria‘s and Europe‘s competitive advantage in the area of blockchain.

    Michael Reuter (Datarella), Peter Busch (Bosch), Dominik Pietsch (BMW) Alisa Maas (IOTA) Klaus Schaaf (Volkswagen Group), Herbert Mangesius (Vito Ventures)

    After the keynote, the representatives of the main sponsors Dominik Pietsch (BMW), Klaus Schaaf (Volkswagen Group), Peter Busch (Bosch), and Alisa Maas (IOTA) discussed the state of mobility and the expectations of the mobility players for the hackathon with Herbert Mangesius (Vito Ventures) and Michael Reuter (Datarella). At BMW, Volkswagen Group and Bosch, blockchain has obtained an important role within the areas of technology to work on. Dominik Pietsch, Klaus Schaaf and Peter Busch all agreed upon the importance their companies put in blockchain as a foundational layer for mobility solutions. Particularly in regard to the complex regulatory requirements for large corporations in any case of collaboration, blockchain serves as a neutral technological layer that allows for a joint use of mobility data provided by different players within the ecosystem.

    Deutsche Telekom. Breakout Session

    During Saturday and Sunday, hackers worked highly concentrated and steadily to create their applications they had to present towards the jury. Breakout sessions by the sponsor teams and Yoga interludes gave variety in the workflows. Some teams, e.g. Bosch and Deutsche Telekom, provided not only APIs but sensor-driven hardware the hackers could integrate into their projects.

    Sunday evening, the jury announced 3 winners out of 18 projects, who received IOTA’s in worth of USD 5,000 (#1), USD 2,000 (#2) and USD 1,000 (#3) as well as 50,000 XSC (#1), 30,000 XSC (#2) and 15,000 XSC (#3). Additionally, Lewis Freiberg of the IOTA Foundation announced a special prize: the opportunity to receive USD 50,000 in IOTA tokens provided by the IOTA ecosystem fund for the best open-source project.  The hackathon‘s winners were:

    #1
    OMS – Open Mobility API: USD 5,000  + 50,000 XSC + the opportunity to receive USD 50,000 from the IOTA ecosystem fund

    OMS – Open Mobility API

    #2
    AgentFinder – EV Charging Station Finder USD 2,000 + 30,000 XSC

    AgentFinder – EV Charging Station Finder

    #3
    Pac-Man On Wheels – Crowdsourced Incentive Scheme For Privately Collected Driving Data USD 1,000 + 15,000 XSC

    Pac-Man On Wheels

    We will publish short interviews with each project team over the next few days.

    After the jury‘s decision, the hacker crowd gathered for a few more hours to get themselves the last drinks and discuss next steps: since everybody enjoyed this weekend and we received so much positive feedback from the community, we have already started thinking about how to build upon the success of the BlockchainedMobility hackathon. Hopefully we – and new sponsors and participants  – will meet again, soon!

    Crowdvote – A Community Driven Decision Making Model To Compensate Blockchain Developers With CrowdstartCoins XSC

    Big news over at Crowdstart: with CROWDVOTE we will provide a community driven opinion forming and decision making model that follows on the present centralized distribution model of CrowdstartCoins XSC.

    Starting with our IOTA hackathon in Gdansk, in November 2017, we have distributed CrowdstartCoins XSC to over 2,000 developers who have added valuable code to the blockchain ecosystem. As promised, we at Crowdstart do not think that we are the best people to decide who is eligible to receive CrowdstartCoins XSC, but rather it should be the responsibility of the entire blockchain community to form opinions and make decisions that define the distribution of XSC.

    CROWDVOTE to be launched at DAHOAM Tech Conference
    We announced our plan of developing a liquid democracy model to enable that kind of a decentralized decision making process last November. Today, we are very happy to announce that we will launch the first version of CROWDVOTE at DAHOAM Tech Conference, on July, 24.

    With CROWDVOTE, members of the blockchain community will be able to propose and vote for blockchain projects supporting them to receive their deserved CrowdstartCoins XSC. In the first version, there still  will be some centralized elements; e.g. there will be a set of rules that define the proposal and voting mechanism. A framework of rules has to be implemented from the start – otherwise the model would create more confusion than joy about the new decision making opportunities. Our plan, however, is to go further and also decentralise these aspects. In future versions of CROWDVOTE, the community will be able to define the rules for proposing and voting for projects by themselves.

    Want to participate and help CROWDVOTE to be developed?

    If you are generally interested in decentralise decision making processes and liquid democracy, please feel invited to participate and support the development of CROWDVOTE. Send us an email to crowdvote (at) crowdstart (dot) capital.

    Two Token Model TTM – A Cryptoeconomic Approach For (ICOing) High-yield, Stable Decentralized Networks

    On December 6, 2017, game company and distributor Valve announced that its gaming platform Steam is no longer accepting Bitcoin as a payment method. The company explained that Bitcoin transaction fees have gone up to nearly $20 per transaction last week, “compared to roughly $0.20 when we initially enabled Bitcoin.”

    At the same time, CryptoKitties burned up 15% of Ethereum’s gas, causing a mid-level congestion and increasing in-game fees.

    Since we have been working on some ICO projects over the last months, focusing on cryptoeconomics and token design, we felt the need for a model that would allow a high-yield return for investors on the one hand, whilst guaranteeing the stability and a proper functioning of the specific application(s) at the same time.

    Two Token Model TTM Thesis
    Decentralized networks need a token model that

    1. guarantees a stable cryptoeconomic mechanism to exchange assets, services, time and money between peers, and, at the same time,
    2. allows investors to reap large economic benefits, and, therefore
    3. allows an overall story of combining a cooperative/post-capitalist model with a pure capitalist play by technically separating both aspects through the representation of two dedicated tokens.

    Proposed Solution

    A) Two-Token Model

    The network features 2 different types of tokens:
    a) a core token (CT) that is tradable at crypto-exchanges,
    b) an application token (AT) (per application)

    CT
    The only function of the CT is that of a currency. In all of the network’s potential applications, there is one overarching CT.

    AT
    The AT is designed depending on the respective application’s requirements. It is the only token that allows the usage of the respective application. It is not listed at any exchange. Potential listings of ATs probably could not be prevented technically, but by regulation: The network defines the listing of AT’s as not allowed and will exclude applications that behave otherwise. Organizers of applications that already have a token will be offered to exchange their tokens for AT. Additionally, they can be awarded CT depending on their applications’ asset values.

    B) Token Issuance Mechanism

    Initially, there will be two events that happen at the same time:

    • SAFT of CT to (accredited) investors
    • One-time distribution of (free) AT to interested potential network application users (comparable to a basic income)

    The Token Story

    A (revenue-driven, high-yield) SAFT will finance the development of the network and serve as the initial AT supply of the network. Within the first applications running, AT holders can earn additional AT, and, directly derived from that, additional CT. The intensity of use and supply of AT represents the intrinsic value of a CT.

    This model of a clear, technical separation into  – and combination of – a speculative and an application part should serve the initially conflicting interests of both categories of the network‘s stakeholders: the potentially application-interested majority of AT holders and the potentially solely commercially driven and high-yield-driven investors who hold and trade the CT.

    Every app token holder (ATH) will receive CT’s additionally to their AT’s, if the intensity of use of the application reaches a certain threshold. As long as the intensity of use is above this threshold, the ATH will receive additional CT’s, scaling with their intensity of use. When the intensity of use sinks below the threshold, there will be no CT’s awarded further on.

    Definition of Intensity of Use IoU Criteria

    As mentioned, ATH are being rewarded CT depending on their intensities of use of the application(s). There are several aspects of defining an “intensity of use (IoU)” in a good way. First, an ATH could use a specific application very frequently. This could add to her IoU. Then, the ATH could move huge assets within an application. Again, this could add to her IoU. Further on, an ATH could use an application in a way that leads to a higher IoU of another application. This would lead to trans-application elements of the IoU’s algorithm. Then, there are further aspects, s.a. hoarding/inflation, etc..

    Model Attractiveness

    The definition of the IoU algorithm is one key aspect of this token model. On the one hand, it seemingly is the most complex problem to solve for the network. On the other hand it offers the opportunity to create one single algorithm that is completely variable in design and can be tweaked throughout the lifespan of the network without any need for changing the structure.

    Due to the fact that the AT is not tradable, and the IoU algorithm prevents the ATH from hoarding and other unintended use, it can be regarded as stable.

    The CT, in turn, is a tradable token that entails no other rights than being exchangeable with other currencies. The prize of the CT will be defined by market forces alone. This pure market-driven nature of the CT, combined with the value(s) of ATs, makes the network’s model highly attractive for application-focused users, as well as for investors.

    We have intensely discussed the TTM within our network, and we have not found severe weaknesses that could prove to become showstoppers. However, we invite you to prove otherwise! Please provide us with your feedback on TTM – thank you!

    What Is CrowdstartCoin?

    CrowdstartCoin (Ticker: XSC) is a digital currency rewarding blockchain developers.

    Launched in December 2017, CrowdstartCoin presents the additional advantage of being a tangible virtual currency: in fact, by coupling each line of code committed to projects within the blockchain ecosystem to the production of a CrowdstartCoin, the virtual world joins our physical world. Put another way, CrowdstartCoin works as Reward Miles: any blockchain developer receives CrowdstartCoins for code that she adds to tye development of the blockchain ecosystem – and it’s free!

    CrowdstartCoin has a social utility for its community: by rewarding a blockchain developer, CrowdstrtCoin acts as an incentive, stimulating the development of the blockchain ecosystem worldwide. CrowdstartCoin is already distributed within three European countries and is intended to be circulated worldwide: any blockchain developer may apply and claim his CrowdstartCoins for free. To do so, the developer simply fills out this form online with data proving that she has committed code to the blockchain ecosystem.

    3-Phase Incentive Scheme

    The grant mechanism for delivering CrowdstartCoins is based on 3 phases:

    In the first phase, CrowdstartCoins will be directly distributed to the active developer community, approached through blockchain conferences, meetups, forums, etc. Developers committing code to key blockchain projects can opt-in to receive CrowdstartCoins for free for code that has been accepted.

    In the second phase, the distribution of CrowdstartCoins will be semi-automated by using a smart-contract-based system to pay out tokens according to the accepted commits. Technologies to be supported by these incentives include the core protocols of leading blockchains, e.g. Ethereum, IOTA, Monero, etc..

    In the third phase, members of the community will be able to suggest projects to be rewarded with CrowdstartCoins. A liquid feedback model will be used to enable community voting and determine which blockchain projects should be included.

    CrowdstartCoin therefore acts as an incentive for the future development of blockchain technology. Since 1 December, 2017, CrowdstartCoin  is officially listed at the cryptoexchange EtherDelta, with the ticker symbol XSC.