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Ontology to Digitize Grocery Shopping Through Blocery DApp

Ontology (ONT), a high-performance public blockchain project and distributed trust framework, has revealedits teaming up with Blocery, a high-end grocery pre-purchase/ agricultural products purchase e-commerce platform, for a premium dApp.

Through the new supply chain solution (SCF), this collaboration will enable customers to buy groceries through smart contracts even before they are harvested. Additionally, the SCF will allow vendors to get cash from investors.

The partnership will see Blocery generate ecosystem applications with the infrastructural and capital support coming from Ontology. As a result, Blocery will serve as a De-Fi solution in Ontology’s ecosystem.

Blocery has proven to be a dApp project that caters to people’s needs in their real lives on the grocery value chain. It views DLT as an ideal solution when it comes to meeting daily customer needs.

Andy JI, the Ontology co-founder, noted: “Blocery is an interesting case that has survived the winter of the blockchain industry with its strong agricultural background within its local market. Its supply chain finance business model would thrive in the DeFi ecosystem of Ontology.”

The Blocery dApp is expected to be integrated into the Ontology chain by the first quarter of 2020. Notably, Ezfarm, Blocery’s parent company, whose origin is South Korea, has been involved in the ag-tech business for the last 20 years.

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Pepo Founder Presents First DApp to be Approved by Apple

During the second day of the BlockShow Asia 2019 being held in Singapore, Jason Goldberg, Pepo founder, and CEO noted that they are among the most prominent DApps globally. Expressly, Pepo comprises of 15,000 users, as well as at least 45,000 peer-to-peer transactions.

According to Cointelegraph, one of Pepo’s significant objectives entails altering how content is created for the crypto community. The firm attributes its success to nearly four years of research, as well as giving the crypto community a listening ear about their needs and preferences.

Goldberg noted: “We are already among the biggest DApps in the world. We are now number 12, and we aim to reach the top really soon.”

He also acknowledged that it was instrumental for Pepo to be the first DApp to be ascertained by Apple Pay.

Goldberg stipulated: “We are the first DApp approved by Apple Pay, so people can buy our tokens using this payment method, among others, of course.”

Notably, Pepo permits its users to upload short videos through a profitable mechanism, whereby their followers are allowed to pay them tips in the form of tokens utilizing the built-in wallet. The tokens can also be used in the marketplace, for instance, buying Apple, Amazon, and store gift cards.

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Ethereum, EOS, & TRON: Which Blockchain Will Continue to Dominate the Dapp Ecosystem in 2020?

By measuring the success of how individual blockchains: Ethereum, EOS, and TRON have been performing in the first month of the new year, the data from January 2020 gives an insight into the year ahead.

Although Bitcoin kicked off the entire ecosystem of blockchain, it was Ethereum that first unlocked aspects of its true potential by allowing developers all over the world to create decentralized applications (Dapps) on their blockchain platform. Through Ethereum, developers could code smart contracts that serve as the blueprint for Dapps. Other blockchain protocols joined in, the two most major Dapp enabler alternatives to Ethereum are TRON and EOS and there are currently over 3000 Dapps running on blockchain protocols.

Ethereum

Ethereum has served as the main network for Dapps to be built upon, but since its creation, it has run on a proof-of-work consensus algorithm.

Ethereum has set a new record of daily active unique wallet count user base, with an increase of 82% this year, compared to January 2019. Currently reaching a daily average of 16,840 users, the daily active unique wallets were just 9,264 at the end of January 2019.

Daily active unique wallets have three times more users in the Games and Marketplaces category in January 2020 compared to the end of January 2019, an uptick of 163%.

In terms of the number of active decentralized applications (Dapps) deployed, the depth of its development community has seen consistent growth in users and value during 2019.

The daily value seen so far in early 2020 in dollars across the Ethereum Dapp ecosystem has increased by 39% compared to December 2019. Daily active unique wallets were also up by 4%.

Decentralized finance (DeFi) has been making waves over the last several months following the surge in platforms and products offering DeFi services and applications. Skirmantas Januskas, CEO of DappRadar is particularly pleased with this development, he said, “Yes, the explosion in DeFi Dapps on Ethereum is proof Dapps can offer great utility and do so in a manner that is very hard to copy in the centralized software space. The major driver of this is MakerDAO’s DAI stablecoin, which enables developers to build increasingly complex products on top of a trusted layer. This level of composability is at the heart of DeFi and allows developers to come up with ever more sophisticated solutions to niche problems.”

DappRadar’s report also suggested that the decentralized applications that had the highest impact on the rising DeFi number are MakerDAO, with an average of more than 350 daily active users, Compound with over 240, and PoolTogether with over 100.

TRON

TRON has seen a rise in 2020, along with Ethereum, with a user base that has grown 33% so far, comparing to January 2019. TRON’s user base also rose by 8%, ending a month with over 22,000 users, hinting at the point that TRON may take lead in daily active users.

The most popular category by daily active unique wallet split has been the Gambling and High-Risk sector, as the top three Dapps on TRON belong to this category as well.

EOS

EOS started 2019 in a positive trend, but the second half of 2019 has been a slow downhill ride for EOS. The EIDOS airdrop sparked network congestion, which impacted the general Dapp usage, following a continuous decrease in daily active unique wallets by 8% in early 2020.

In contrary to TRON, the EOS user base in the Gambling and High-Risk sector has decreased by 29%. The more popular categories on EOS are Exchanges and Games.

Ethereum Continues to Grow in Use and Price in 2020, But Why?

The Ethereum blockchain has been a platform enabling new tokens’ initial life in cryptocurrency. Many developers use Ethereum as the go-to chain to create their business and tokenonomy (Token economy) before launching into the markets on exchanges and other services.

Already in 2020, the price has seen significant increases, rising from $120 to over $225 in under two months. But is there any reason why?

Coingecko: Ethereum Price from December 2019 — Feb 2020

In 2019, Ethereum decentralized apps (Dapps) showed huge advancements in popular segments including gaming and sports.

Following 2019’s growth, wallet holders have seen huge further increases during the start of 2020, with over 80% of new daily active wallets in use from Dapps as well as games and marketplace users jumping up a huge 163%.

Games are the most popular category on Ethereum’s decentralized marketplace, with the segment seeing a 7% increase in titles and new launches over the past months for players to enjoy.

The continued increase and interest in gaming alone is a huge reason why Ethereum continues to expand and attract new users. This could certainly be seen as to why the price has also seen steady rises. In January 2020 we can conclude that after a 7% increase so soon in the year, Ethereum is showing signs of real promise.

If Ethereum can continue to dominate gaming spaces and build on its marketplace, fighting off other platforms in the market, then 2020 could be a significant year for the cryptocurrency. Gaming, sports, and decentralized finance will be the driving factor as well as how the latest updates to the chain affect performance. The timing comes when the long-awaited Constantinople update will finally take place as well, creating quite the momentum for blockchain’s largest and robust platform.

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Coinbase Wallet Takes a Step Further by Letting Users Earn Interest with New DeFi Integration

Coinbase’s mobile app Coinbase Wallet has previously enabled the access of decentralized applications, Dapps, the crypto giant has taken one step further in the decentralized world. Coinbase has recently announced that the integration of decentralized finance (DeFi) applications will be made available directly via the Coinbase Wallet on both iOS and Android.

DeFi has been increasingly popular in the cryptocurrency industry, as DeFi projects have emerged to recreate traditional financial products using blockchain.

According to Coinbase’s announcement, the new feature would enable an easier way for wallet users to use DeFi platforms including Compound and dYdX. As the integration of DeFi apps is built on the Ethereum blockchain, users would be able to lend and borrow crypto with interest through smart contracts that would automatically execute when actions have met with their parameters.

Coinbase Wallet users can choose a smart contract provider and be able to invest in crypto into the DeFi product of their choosing.

However, Coinbase warns its customers that certain DeFi lending apps come with risks, and could potentially have bugs that could lead to the loss of funds.

DeFi could enable a more open economy

In Q3 2019, CoinMarketCap (CMC) announced the launch of Interest by CoinMarketCap on Oct.17, as the one-stop resource for users to acquire the latest information on rates in saving, lending, borrowing and margin trading on cryptoassets. The platform started with 33 cryptoassets traded across wallets, exchanges and decentralized finance (DeFi) platforms, and now has over 40 assets.

Carylyne Chan, the Chief Strategy Officer of CoinMarketCap strongly believes that DeFi will allow CMC to foster a more open economy.

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Ant Financial Launches OpenChain for China's Small Businesses to Leverage its Enterprise Blockchain Consortium

Ant Financial, the parent company of AliPay, has launched OpenChain, a new blockchain platform that gives developers and small and micro enterprises (SMEs) the power to leverage the Chinese blockchain giant’s proprietary blockchain consortium and efficiently and cost effectively deploy smart contracts and create decentralized apps (DApps).

Ant Financial Blockchain is the largest productivity blockchain platform in China with the ability to process and support one billion user accounts and one billion transactions every day. It has topped the global ranking for blockchain patent applications for the past three consecutive years.

The main blockchain platform has already been extensively used in enterprise blockchain solutions for firms such as Bayer in agriculture and China Everbright Bank in supply chain finance.

Jin Ge, General Manager of Blockchain Platforms for Ant Financial said, “Applications of blockchain technology have ballooned over the past few years. Through the launch of the OpenChain platform, we aim to help one million SMEs and developers innovate and explore more use cases in the next three years,” in the announcement this morning.

OpenChain Features

The OpenChain offering provides developers with a variety of ready-to-go modules that can be used to build trust in multi-party collaboration. This is especially useful in area such as supply chain finance, product provenance, digital invoices and charitable donations.

As China drives its blockchain campaign and business are encouraged to assimilate the technology, the OpenChain platform could helps SMEs to greatly reduce development and deployment costs of the technology applications and allows them to focus on product and service delivery.

Open Chain Building Trust in China

Blockchain companies have become a hot property in China over the last year and the rise in company registrations has surged following Chinese Leader Xi Jinping’s announcement last October that the Middle Kingdom must strive to become the blockchain leader.

According to a report from China Finance, many larger businesses across China are blockchain companies in name only and in fact have little to do with the groundbreaking technology.

LongHash data reveals that of the 79,555 registered blockchain companies in China, only about 26,000 are operating and 57,000 have lost their license and legal status.

In the first quarter of 2020, as the Coronavirus disruption began to shut down factories, offices and cities in China, a further 2,383 brand-new blockchain companies emerged.

OpenChain could be a potential solution to the frenzy for small businesses as its main purpose is to build trust in commercial and transactional usecases, the success of which may depend on multiple party collaboration.

According to the release, “These use cases require not only a trust mechanism among all parties, but also high-performance consensus algorithms that can complete authentication computation on the fly. Ant Financial’s OpenChain also uses trusted computing capabilities to enhance data security and protection for the apps running on its platform.”

WhiteMatrix, a provider enterprise blockchain app development services, has been using OpenChain to develop smart contracts for developers since 2019 when it began its alpha tests.

Wu Xiao, the founder and CEO of WhiteMatrix said of OpenChain, “The platform offers efficient blockchain development services, facilitates cost-effective smart contracts, and lowers the entry barrier for developers. Not only are OpenChain’s transaction speeds several times faster than public blockchain platforms like Ethereum, but the cost per transaction is only one tenth of others.”

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Cardano to Launch ERC-20 Converter and Cross-Chain Communication for Interoperability Between Networks Including Bitcoin

Cardano founder and IOHK CEO Charles Hoskinson recently announced in his YouTube video that the current roadmap for the Shelley hard fork will be going according to plan, scheduled on July 29, 2020.

The Shelley update code was implemented to the Cardano mainnet on June 30, 2020. However, the Shelley hard fork is expected on July 29. The incentivized testnet (ITN) rewards are to launch on August 3, and the staking functions on August 18, as Cardano’s upcoming milestones.

Cardano describes itself as a third-generation blockchain platform, aiming to significantly improve shortcomings of the first generation, Bitcoin, and the second generation, Ethereum, including smart contracts.

Cardano’s ERC-20 Converter to be launched

On top of the Shelley hard fork, Cardano is also launching an ERC-20 converter that will allow Ethereum ERC-20 tokens to be transferred from the Ethereum network to Cardano.

“I’m also going to contract a firm on a fixed cost contract to do ERC-20 converter, […] this team is going to go in Ethereum, take all the existing ERC-20 tokens, and build a converter to redeploy them on our testnet once we have the native asset standard deployed.”

This would act as a proof-of-concept of how to import in the ERC-20 token to Cardano’s native asset standard.

Cardano’s Smart Contracts and Dapps

The aim for Plutus foundations is that that will enable people to write rich smart contracts, and build a lot of off-chain projects.

The commercial team and the cFund — its technology ecosystem fund, will be following a strategy called ACID. ACID stands for Adoption, Collaboration, Incentives, including cFund, CII, DCFund, Emurgo, and Deployment (Atlas). Anyone who wants to write a Dapp on Cardano will find themselves following the strategy Cardano made available to them.

“We have this beautiful release cadence with Voltaire, where [it] just keeps evolving, it keeps growing, the funds get larger, the participation will get larger, the innovation management will get more sophisticated, you’ll have a whole class of experts materialized from within the community who are incentivized to participate and improve things.”

Hoskinson mentioned that he would leave Cardano at some point to allow the ecosystem to function in a completely decentralized manner. IOHK’s contract was set to be over in December 2020, but Hoskinson stated that he will not be leaving until “what’s done is done.” Shelley has a few milestones yet to reach, while the next phase, Goguen is still yet to roll out. He added that he would leave Cardano at some point to allow the ecosystem to function in a completely decentralized manner.

Cross-chain communication

Cardano has allocated a cross-chain communication team that is trying to build a network that will allow people to use Hydra to send value to and from other major networks such as Bitcoin and Litecoin, to improve the interoperability between blockchains. This will be enabled by intelligent clients, which are still under development.

Hoskinson mentioned that there will be a next Cardano Summit, Goguen Edition, and will be announcing the date soon. He added,

“In the meantime, hold on to your butts because it’s going to move pretty quickly, […] every month thereafter there’s going to be a crazy cadence of news and a lot of community activity.”

Solana Introduces Web3 Mobile Phone Saga

Solana Labs subsidiary Solana Mobile has announced the launch of the mobile phone “Saga” set for launch in 2023.

The flagship Android mobile phone is a modified OSOM handset which consists of speciality crypto wallet functions and the “Solana Mobile Stack (SMS)” software development kit for Web3 programs.

Solana said that the $1000 mobile phone has “unique functionality and features tightly integrated with the Solana blockchain, making it easy and secure to transact in web3 and manage digital assets, such as tokens and NFTs.”

Saga designer OSOM is a leading Android development company. The company has built computing hardware for Google, Apple, and Intel, among others.

Saga was introduced at an event in New York. The event also introduced Solana Mobile Stack, a framework for Android allowing developers to create rich mobile experiences for wallets and apps on Solana and create a “Secure Element” for private key management.

“The Solana Mobile Stack SDK is available to developers now, and Saga is available for pre-order starting today, with delivery in early 2023,” Solana said in an announcement.

Solana’s biggest mobile-focused bet will feature a Web3 dapp (decentralized app) store, integrated “Solana Pay” to facilitate QR code-based on-chain payments, a mobile wallet adapter and a “seed vault” that will store private keys deep within the recesses of the phone.

“Saga starts from first principles to create a mobile experience for individuals, developers, and ecosystem participants that opens a new era of mobility,” said Jason Keats, co-founder and CEO of OSOM. “The world needs novel hardware to embrace the future that is web3, and building out an ecosystem that looks to the future without being burdened by past legacy ecosystems is hugely exciting for us.”

According to Solana, Saga’s specifications include a 6.67” OLED display, 12 GB RAM, 512 GB storage, and the latest flagship Snapdragon 8+ Gen 1 Mobile Platform, the security features of which will enable the Solana Mobile Stack’s Seed Vault.

“With the addition of a Secure Element built into the device, the Seed Vault keeps private keys, seed phrases and secrets separated from the application layer yet still capable of interacting with apps running on the device or in a mobile browser,” Solana said.

Fetch.ai Enhances Web3 Adoption after Onboarding 40,000 New Users

Fetch.ai’s ambition to a Web3-driven digital economy gained steam after onboarding 40,000 unique and active users from Get My Slice (GMS), a leading consumer-centred data marketplace.

As a machine learning-based blockchain platform, Fetch.ai has been deploying Autonomous Economic Agents (AEA) to automate any industry for enhanced productivity. Therefore, its latest quest for Web3 exploration will be boosted by its decentralized application (Dapp) network.

Per the report:

“Continuing its efforts to rapidly scale its active ecosystem of Dapps and active user-base, Fetch-ai Network has onboarded 40,000 active and unique users from Get My Slice with plans to bring millions more users soon.”

Following a $150 million development fund with crypto exchanges ByBit and MEXC Global, Fetch.ai sees Dapps as the key to lowering the barrier to entry of the Web3 world, which renders smarter automation technology and enhanced data privacy.

As a result, the blockchain platform has existing partnerships with Festo and Bosch aimed at onboarding Web2 companies to an interconnected system of Web3 Dapps hosted by the Fetch.ai network.

Kamal Ved, the chief product officer at Fetch.ai, pointed out:

“We are constantly looking for use cases that leverage the core tenets of Web 3.0 and give all the participants equitable control with fine-grained incentivization avenues.”

The newly onboarded users will be able to utilize the data marketplace for an equitable ecosystem and tokenization purposes.

Ved added:

“Use cases around data sharing based rewards such as the Get My Slice product offering can benefit using the Fetch-ai Network’s Web 3.0 tech stack of blockchain, agent-based automation and AI to democratize data sharing.”

To facilitate and accelerate secure data sharing, Fetch.ai rolled out an end-to-end encrypted file-sharing platform dubbed DabbaFlow, Blockchain.News reported.

Thanks to blockchain technology, DabbaFlow was meant to make data auditable, verifiable, and secure.

MetaMask's New Beta Portfolio dApp to Provide All-In-One Access to Cryptos, NFTs

MetaMask has launched a beta portfolio dApp that allows users to have an overview of their cryptos and non-fungible token (NFT) in one place. To do so, the app connects their accounts and crypto assets across multiple chains in one interface.

The portfolio dApp is available to extension and mobile users. Users must click the “portfolio” link on their browser’s extension home screen to connect multiple accounts to access it.

Self-custodial wallet MetaMask is a crypto wallet & gateway to blockchain apps. It is also a tool for interacting with decentralized applications (dApps).

The dApp’s “watch any wallet” feature allows users to add their offline or hardware wallet.

MetMask is also currently developing a feature that will show NFT value and pricing estimate information along with an integrated view of the NFT collection.

Portfolio dApp currently supports assets from seven different networks: Ethereum, Optimism, BNB Smart Chain, Polygon, Fantom, Abritrum and Avalanche. Users can also add their friend’s ENS domain or public address to their watchlist through the dApp, and several tokens can also be added to the watchlist.

However, according to the wallet firm, non-MetaMask users can use portfolio view by using the “watch any account” feature.

Per Metamask developer Consensys, as of March 15, 2022, the Ethereum-based wallet had reached 30 million monthly average users (MAUs).

MetaMask has also said that they plan to add more features to their dApp.

MetaMask added Apple Pay integration early this year, increasing options for buying cryptocurrencies.

The integration has allowed users to buy cryptocurrencies with debit or credit cards through the mobile app without transferring cryptocurrencies from crypto exchanges.

MetaMask uses two payment gateways, Wyre and Transak, to support transactions. Users can now buy ETH with credit cards (Visa and Mastercard) stored in Apple Pay and deposit up to $400 in their wallets through the Wyre API.