Zilliqa: Enhanced Practicability in Blockchain A – Z Workshops

Saiba Kataruka is the Developer Market Lead at Zilliqa, who recently spoke to Blockchain.News on the new technological advancements of his company in terms of sharding and consensus algorithms and linear scalability.  In this second installment of our exclusive interview, Kataruka shares insights on Zilliqa’s mission to enhance blockchain education in a way that keeps up with the speed of technological developments. 

No ‘Ideal’ Candidate

Blockchain A-Z was initially developed to address the need for more blockchain education programmes that are instigated by projects in the space. Kataruka emphasized that while there are many higher education institutions that now offer courses and extensible curricula on the tech, they are disadvantaged by the rapid changes taking place across the sector on a daily basis. He said, “By conducting workshops such as these, we’re able to not only equip students with the basic technical and business fundamentals but to also provide insights that are both future-oriented as well as timely to the challenges that projects continue to face today.” 

With that being said, the Zilliqa team believes there are no ‘ideal candidate’ criteria for someone looking to join the industry, nor does someone need to have a background in computer science or software development to join our workshops. Kataruka explained, “While a background in programming might have an advantage, the industry would, in fact, benefit from greater diversity in skills and academic knowledge, given the broad range of roles that now exist in the space. With the given time, dedication and the right support, essentially anyone could contribute to and enrich this ecosystem.” However, he admits that given that the blockchain industry is still in its infancy, training established engineers can present some challenges, mainly the following: 

●   An industry that never sleeps: Much like the technology, the blockchain industry is extremely fast-paced. Developments take place on a daily basis, making it extremely challenging for engineers, or in fact, anyone, to keep track of new resources, software or available tools to learn from.

●   Existing gaps in traditional learning institutions: Universities are slowly integrating blockchain into their curricula but this has been gradual. There are not many formal qualifications today that enable engineers to upskill their coding abilities to what is in demand in the space. 

He concludes, “Our education programmes (which you’ll learn more about below) work to dissolve some of these barriers so that blockchain education is accessible, understandable and immediately applicable.” 

Enhancing Practicability of the Blockchain A – Z Workshops 

The Blockchain A-Z workshop is designed to be a comprehensive, effective and hands-on tutorial on writing smart contracts on Zilliqa’s blockchain using Scilla, while addressing the realities of building a product with real-world applicability. To that end, Kataruka said, “We cover the four fundamental pillars of blockchain application development in these workshops, touching specifically on technical fundamentals of blockchain and smart contracts, security, as well as business use case knowledge.” 

Another recent Zilliqa development is an interactive coding website that teaches aspiring blockchain developers on how to write smart contracts line by line with Scilla. “This website will be made accessible to anyone in the world and aims to lower barriers to understanding blockchain and by extension, smart contract development,” said Kataruka, “ Aimed at even non-programmers, users will be able to start from scratch and learn the basics of what it takes to build an application on Zilliqa.” 

As part of Blockchain A-Z, Zilliqa is also inviting budding developers to join its USD $5 million Ecosystem Grant Programme––its very own incubator wherein promising teams are seeded for 0% equity in return. Selected applicants will benefit from technical mentorship as well as useful tools to simplify their building experience. 

The Current Blockchain Job Market 

Kataruka believes that the blockchain job market has continued to flourish despite the heavy decline of cryptocurrency markets in 2018––job reports from both 2018 and 2019 corroborate this, showing that interest has only increased over time and that firms are actively scouting new talent. He said, “Although jobs are mostly skewed towards developers, we expect this to gradually change in the future.” 

Commenting on the blockchain ecosystem, Kataruka said, “Today, current developments in the industry can be likened to a new city being built where the main focus is on developing a solid infrastructure to support businesses who can then operate on top of it. As the technology continues to mature on the infrastructure/protocol level, the development will only accelerate, allowing for even more opportunities that necessitate more than just technical rigor.” He added, “We’ve already begun to see this for ourselves at Zilliqa as we work on actively expanding our team. Without any limitations as to what can be built on our ecosystem, it’s crucial that our team is equipped with expertise across a wide range of areas, whether that’s in media, economics, or legal––each understanding how blockchain has the potential to transform those respective sectors.” 

Use Cases of Smart Contracts in the Education Sector 

Technology continues to radically shape the progression of education, largely catalyzed by the advent of online learning schemes. Kataruka said, “In fact, the education technology, or EdTech sector is projected to reach a market value of $93.76 billion by next year. The growing popularity of online degrees matched by an ever-increasing number of students open to studying online has allowed for a leveled playing field in attaining educational credentials to emerge. Although ultimately a benefit, there remain challenges, particularly in the current lack of trust and fears of fraud.” 

According to Kataruka—one of the ways that institutions have used blockchain to mitigate trust concerns is with digital certificates wherein one’s diploma is stored on a blockchain. Not only can it never be lost, it can also never be tampered with. He outlined, “With such records stored on-chain, sharing educational data when one chooses to pursue further studies would be even easier, with students no longer burdened by the process of requesting transcripts from one institution to send to another. On a more practical level, smart contracts can also be used to verify the authenticity of diplomas and reduce paperwork. Their applicability also extends to the classroom, when used to verify attendance or the appropriate completion of assignments once a set of criteria is met.” 

Ground-Up Engineering Adoption VS Top-Down Mandated Directives 

As blockchain adoption is becoming more and more of an engineering adoption built from the ground up, Kataruka offered some advice for those who are used to having technological progress mandated by top-down directives. 

“For the most part,” Kataruka advised, “Projects should remember that we currently exist at a very unique point in time where the industry is only now establishing itself in the eyes of legacy players. With that comes both an immense freedom as well as a responsibility––we have the ability to experiment and engage with breakthrough technologies with immense potential without being beholden to traditional models within our own sector. Though enterprise adoption is a long-held goal for this collective industry as a whole, it’s important to avoid becoming fixated on how more traditional industries are still operating today.” 

Concluding Kataruka stated, “Blockchain precipitated a revolution that was born from the ground-up, decentralized by design––and it’s likely that the industry’s staunchest participants will continue to hold to these values as time wears on. At Zilliqa, we actively pioneer the participation of our community members and we want to do our best to provide them with the necessary infrastructures to help build out our ecosystem. This does not necessarily mean that top-down approaches will become obsolete in this space, but rather, a fine balance is needed between the two.”

Elliptic to Provide AML Services to Zilliqa’s Blockchain Network

Elliptic, a London-based blockchain analytics startup, has partnered with Zilliqa, a Singapore-based blockchain network provider, to facilitate the infrastructure compliance and security of the latter’s network by offering an anti-money laundering (AML) compliance support. 

Through this collaboration, Elliptic will monitor transactions on Zilliqa’s blockchain network, including those involving its ZIL crypto. Moreover, the analytics to be undertaken will also involve XSGD, the Singaporean dollar-pegged stablecoin, set to be released in December 2019. 

Partnership Seeks Transparency

One of the primary objectives of these firms joining hands entails shielding Zilliqa from any risk as this will be instrumental in proving to regulators and governments that users are not involved in any form of trafficking pertaining to illegal funds. 

Expressly, Elliptic will assist in identifying and blocking any potential transactions associated with illicit activities on Zilliqa’s blockchain network. 

Elliptic’s co-founder and chief scientist, Tom Robinson, asserted: “One interesting trend we’re seeing is that regulators are increasingly looking to see whether blockchain monitoring capabilities are available on specific stablecoins, when considering regulatory approval. […] Financial institutions are more likely to engage with blockchains and crypto-assets for which tools exist to identify and trace risky transactions.”

Zilliqa’s president and chief scientific officer, Amrit Kumar, noted: “They have assessed risk on transactions worth several trillion dollars, uncovering activities related to money laundering, terrorism fundraising, fraud, and other financial crimes.”

Zilliqa is hopeful that this collaboration will drive more enterprises to use its blockchain network based on the compliance effort. 

Image via Shutterstock

June 1: Sell in May Postponed to Sell in June?

Trading Crypto with Eugene is a series of daily commentary of market analysis and trading advice shared by Eugene Ng of Matrixport, a veteran trader with 10 years of experience in top-tier global investment banks. If you like the article, please follow us here on Blockchain.News so you won’t miss our future publications.
 
BTC shot up by $400 to make a high of $9,720 over the weekend with the trendline resistance capping it from making any further grounds. While volume was quite robust for Bitcoin, it was ETH that really outperformed (+12%) in the past 48 hours, driven by record ETH options ($20mil) traded on Saturday. For the past few weeks, there has been quite a bit of talk/shill/promoting of ETH, and I think largely driven by a combination of factors that I’ve described earlier (i.e., growing daily active addresses, more than 60 billion gas being used, $7bn in stablecoins and Greyscale’s ETH demand). Other protocol tokens such as Cardano, Zilliqa, and NEO also followed the ETH move, albeit less exaggerated.  I still have my doubts on whether an ETH-led or ALT-led rally somewhat lift all boats, my view is that this is a technical retracement from Bitcoin Dominance, re-allocation by funds from BTC to ALTS and new capital inflows (an example: a16z raising their mega $515mil round last month – where will they be allocating some of that capital to?). Besides, this month has plenty of macro event risks (Riots, China/US situation, Reopening risk, Jun 10 FOMC, Jun 18 EU summit, Jun 30 Fed US bank stress, and Fed purchase to decline from $2.4bn to $0.6bn per hour in coming months). Strategy? For those who have got your offers hit at $9.7k good on you, keep that on with a tight stop. There is obviously the risk of a scammy wick through to $10.5k, so you want to avoid that. Keep that short, and I think we should be targeting back to $9.2/$9k/$8.8k. For those chasing the vol move, as mentioned on Saturday morning, I’ve managed to add some vol and would start to cover and turn short once IV hits around 80-90%. Good luck.BTC could break $9,700 decisively to trade for $10,300 and $10,500.. My bias is that we don’t have that volume for BTC to trade through those levels. I still think we head back down lower before a move higher…

 

A closer look shows you we are just bouncing up and down in this wedge… will be exciting when the bulls or bears can break either side, otherwise respect it until it breaks..

BTC dominance chart shows that ALTs are likely to have more room to run, but how much more? Maybe when BTC hits 63% or so…

 
Implied vol looks to be traded against the trendline support from earlier this year, which is why I bought some vol over the weekend… 

 

DisclaimerOpinions expressed are solely the analyst’s own and do not represent the views of Matrixport the company. 
The views and opinions expressed in this article are those of the contributor and do not necessarily reflect the view of Blockchain.News.

Demand for Zilliqa Blockchain in Play-to-Earn Games Gains Steam

Zilliqa, a public blockchain that offers solutions to decentralized applications (dapps) and enterprises, is emerging as one of the sought-after networks in the esports industry based on notable partnerships. 

Zilliqa recently collaborated with three large esports brands, namely RRQ, Ninja in Pyjamas, and MAD Lions, to aid in non-fungible tokens (NFTs), play-to-earn (P2E) gaming models and Web3-enabled fan engagement. As a result, bridge the gap between gaming communities and crypto.

Ben Livshits, Zilliqa’s CEO, believes these collaborations cement the fact that blockchain technology is shifting from the fringes of traditional finance to the centre of people’s lives.

He added:

“Being associated with the top, most-watched esports entities in the world is an honour. With millions of followers worldwide and a passionate fan culture, the creation of borderless gaming communities is inevitable. Thanks to AR and VR-powered technology, we’ve created possibilities for gamers, influencers and fans to engage, earn and entertain as crypto and gaming join forces.”

Zilliqa’s secure-by-design language, Scilla, coupled with its sharding protocol, enables high transaction volumes, making the blockchain network one of the sought-after in the gaming arena.

Tom Fleetham, Zilliqa’s head of gaming and sports, stated:

“I firmly believe that gaming will be the sector that drives the next exponential growth in blockchain users. These types of partnerships can accelerate that adoption.”

Blockchain gaming continues to gain traction, with different networks trying to outdo each other.

For instance, AmioTalio, the founder of game development platform Paradox Studios, recently disclosed that Solana was getting a competitive edge compared to Ethereum in creating P2E games based on its easy programming language.

With blockchain gaming continuously accelerating the metaverse narrative, AmioTalio noted that the huge funding that Solana was offering developers was intended to woo them from the Ethereum network, and it was starting to take shape.

Zilliqa declares the establishment of the Zilliqa Group.

Zilliqa Research Pte. Ltd., the entity behind the high-performance Zilliqa blockchain, has announced the establishment of the Zilliqa Group. This integrated conglomerate is set to pioneer in delivering advanced Web3 and blockchain-based products and solutions. The Zilliqa blockchain remains at the heart of this Group, supporting both the Group’s companies and the broader decentralized applications within the Zilliqa ecosystem.

The shift to the Zilliqa Group aims to bring together a variety of industry verticals under one unified structure. This includes the recently separated gaming division, Roll1ng Thund3rz (RTz), and anticipates the launch of ventures in areas such as the spatial web, loyalty, decentralized finance, and more. A distinctive services layer is also highlighted across the Group’s framework.

The transition process will be supervised by a restructured board of directors. Mark Hemsley, previously the Chairman of Zilliqa Research, will now chair the Zilliqa Group. The board will also see the continued participation of Zilliqa co-founder Juzar Motiwalla, maintaining his directorial role. Another significant addition to the board is Zilliqa co-founder Max Kantelia, whose expertise in advising businesses is expected to be pivotal in shaping the Group’s future trajectory. Kantelia’s involvement is anticipated to open doors to diverse sectors, including luxury goods and corporate social responsibility.

The Zilliqa Group’s daily corporate operations and decision-making will be centralized under a CEO Office. This office will comprise Group CEO Matt Dyer, Zilliqa CTO Richard Watts, and Sandra Helou, the newly appointed GCC lead for Zilliqa Group. This appointment marks the Group’s initial move towards expansion in the GCC region.

The announcement’s commentator, Mark Hemsley, Chairman of Zilliqa Group, said, “The establishment of Zilliqa Group symbolises a significant point in our path. We are forging forward on a new path that will see us leading improvements in the Web3 and blockchain domains for many years to come by merging our variety of companies. This will help us stand out in a fast-moving and competitive market.

Matt Dyer, CEO of Zilliqa Group, echoed this sentiment, emphasizing the Group’s commitment to consistently innovate and set industry standards. Max Kantelia, co-founder of Zilliqa and new board member of Zilliqa Group, expressed his enthusiasm for the Group’s expansive vision and the potential it holds.

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