Aventus Network notes in a blog post that blockchain or distributed ledger tech (DLT) has the potential to “usher in a new era of transparency, creating a trustless world that rewards good behavior by leaving nothing hidden in the shadows.”

Aventus adds that transparency, “by a long way, is the best regulator of behavior.” According to the platform’s developers, transparency is made possible on blockchains or DLT networks with block explorer tools such as Etherscan for Ethereum and Aventus’s Block Explorer.

The Aventus team also mentions that in a blockchain-focused world with open access to many different block explorers, businesses will “compete on transparency.” Aventus claims that “the greater their transparency, the greater their appeal to investors and customers.” The developers also think that there will be “less need for costly, inefficient regulations that add the burden of manual processes.”

As noted in a blog by Aventus:

“In this new transparent world, there is greater access to reliable information, creating more efficient markets that better determine the market price and quality of goods and services. Business valuations can be accurately made taking into account a company’s capacity to manage its assets, debt, and equity, with investors having clear insight and oversight of everything from supply chain management to the management of assets.”

The Aventus Network developers pointed out that blockchain-based security tokens will be able to represent ownership of shares, artwork, and even real estate (like they already do). This will give owners and investors “immutable oversight of ownership and transaction history.” All registered or recorded on a blockchain, “all tokens and transactions, including the underlying assets they represent, are transparent and visible to anyone,” Aventus added.

They continued:

“Each activity on a blockchain is its own transaction. Transactions are combined into blocks in a chain and recorded on the digital ledger. A block explorer is a search function tool, like a blockchain search engine, that lets every participant on a blockchain search for transaction information on that chain.”

Aventus further noted that the recording of blocks (and transactions contained therein) are immutable (or cannot be changed or altered) and visible to everyone, which helps with “creating a transparent, trustless world.”

They also mentioned that a common or typical block explorer that many have now used is Etherscan — which is a widely-adopted Ethereum block explorer that allows everyone to explore the Ethereum blockchain for cryptocurrency (ETH) transactions, digital currency addresses, virtual tokens, and crypto prices.

As explained by Aventus, “when you make a transaction on Ethereum, you can immediately check its status and your ownership of assets is directly linked to your address, provable to anyone with a simple search.”

Aventus Network developers added:

“Similarly to Etherscan, the Aventus Network (AvN) has just introduced its own block explorer on its own network that lets businesses and decentralized platforms build on Ethereum without the typical limitations of scale, speed, and cost. The Aventus Network Block Explorer acts as a window into the AvN blockchain and allows users to see all historical transaction data and blocks as they are created and validated. It also allows Aventus Validators to see the transactions fees they are earning from staking the Aventus Token to AvN nodes.”

Alan Vey, an alumnus of Imperial College, London, is the Co-Founder and CEO at Aventus Network Services, which is a layer-two blockchain protocol that allows businesses and decentralized protocols to develop apps on Ethereum without the usual limitations of scale, speed, and cost.

The digital assets-focused blockchain-based protocol, Aventus, revealed its subsequent code launch Aventus Traditional designed to create a extra equitable and clear ticketing business.Alleviate fraud and supply transparency On Sept 12, Aventus Community in a weblog put up the discharge of Aventus Traditional, a totally decentralized open-source Ethereum-based ticketing protocol designed to cease fraud and supply extra transparency to the occasion ticketing business. The announcement goes on to say:This launch marks our first actual step in partaking with the open-source group, as Aventus Traditional will now be open to contributions from anybody and can now not be solely developed by official companions of the Aventus Protocol Basis.$15,000 prize fund for blockchain builders The discharge of the brand new ticketing protocol coincides with a $15,000 prize competitors for blockchain builders. In partnership with The Satoshi Awards, builders are requested to a blockchain-based ticketing system, the place the winner might be awarded $15,000 value of Ether. The profitable might be at The Satoshi Awards in mid-2020.Steve Ellis, CEO, and founding father of The Satoshi Awards mentioned theyre thrilled to have partnered with Aventus and have interaction the open-source group to assist its ticketing system with Aventus because the backend. He added:Were excited to see the entries begin rolling in and couldnt consider a greater technique to handle our tickets than by blockchain to advertise belief, transparency, and innovation.Ticketmaster tries to sort out fraud Cointelegraph reported final 12 months that ticketing large Ticketmaster had acquired blockchain-focused dwell occasions agency Upgraded, to sort out points within the occasion ticketing business. The corporate acknowledged on the time that it deliberate to make use of blockchain know-how as a method to offer extra transparency and higher management ticket distribution.

The latest industry news to your inbox. Would you be interested in hearing about marketing opportunities? The author of the UK ticket resale review has lent his support to Aventus, which hopes to facilitate the "fair, secure and transparent" sale of tickets using blockchain Michael Waterson, the British economist who led a government-commissioned review of the UK secondary ticketing market, has joined the advisory board of Aventus Systems, the developer of a blockchain-based ticketing system. Joining Prof. Waterson on the board – which will “provide strategic, technical, and legal counsel for the Aventus team as they bring their solution to the global ticketing markets” – are veteran promoter/consultant Bernie Dillon, formerly of Hard Rock Live and now director of Carnival Cruise Lines’ Carnival Live; William Knottenbelt, director of cryptocurrency research at Imperial College London; and Daniel Masters, of Global Advisors’ bitcoin investment fund. “My investigation into the event ticketing industry, particularly in music, brought home to me how a structure has grown up that leads to consumer confusion and frustration, alongside a range of dubious practices,” says Waterson (pictured). “Technologically the problems are challenging, but, to me, Aventus has a comprehensive approach to their solution. Provided there is sufficient industry buy-in, Aventus can be a real force for positive change.” Dillon adds: “Anyone who has ever attended, hosted or produced a live entertainment event, be it a UFC fight, boxing match or concert, has been affected by counterfeit tickets or extortionate secondary resale prices. “Provided there is sufficient industry buy-in, Aventus can be a real force for positive change” “Aventus brings a refreshing solution to these age-old problems that could very well end fraudulent activity and unregulated ticket touting once and for all.” More information about the Aventus platform, which the UK-based start-up describes as “a revolutionary global standard for the fair, secure and transparent creation, promotion and sale of tickets that is not controlled by any one entity”, is available here. An initial coin offering (ICO) – a type of crowdfunding campaign for cryptocurrency-based start-ups – was planned for this month, but has been pushed back to August after a collapse in the price of Ethereum, a Bitcoin-like cryptocurrency which would have funded the ICO. IQ investigated the potential for using blockchain to eliminate ticket touting earlier this year. Other companies active in the space are GUTS Tickets in Amsterdam and Lava and Citizen Ticket in the UK. Get more stories like this in your inbox by signing up for IQ Index, IQ’s free email digest of essential live music industry news. Head of Technical ProductionSomerset House Sales and Ticketing CoordinatorDewynters IQ is the essential news resource for the international live music business. A natural extension of the ILMC, it presents news, features, information and analysis to conference delegates and the wider industry at large. While the ILMC provides an annual platform for vital discussion and debate, IQ provides a year-round focus on emerging trends and crucial business news.

The digital assets-focused blockchain-based protocol, Aventus, revealed its next code release Aventus Classic designed to create a more equitable and transparent ticketing industry.Alleviate fraud and provide transparency On Sept 12, Aventus Network announced in a blog post the release of Aventus Classic, a fully decentralized open-source Ethereum-based ticketing protocol designed to stop fraud and provide more transparency to the event ticketing industry. The announcement goes on to say:This release marks our first real step in engaging with the open-source community, as Aventus Classic will now be open to contributions from anyone and will no longer be solely developed by official partners of the Aventus Protocol Foundation.$15,000 prize fund for blockchain developers The release of the new ticketing protocol coincides with a $15,000 prize competition for blockchain developers. In partnership with The Satoshi Awards, developers are asked to build a blockchain-based ticketing system, where the winner will be awarded $15,000 worth of Ether. The winning build will be presented at The Satoshi Awards in mid-2020.Steve Ellis, CEO, and founder of The Satoshi Awards said they are thrilled to have partnered with Aventus and engage the open-source community to help build its ticketing system with Aventus as the backend. He added:We are excited to see the entries start rolling in and couldnt think of a better way to manage our tickets than through blockchain to promote trust, transparency, and innovation.Ticketmaster tries to tackle fraud Cointelegraph reported last year that global ticketing giant Ticketmaster had acquired blockchain-focused live events firm Upgraded, to tackle issues in the event ticketing industry. The company stated at the time that it planned to use blockchain technology as a way to provide more transparency and better control ticket distribution.

At the end of 2019, research firm Forrester and Big Four firm Ernst & Young, or EY, published a report surveying the adoption of public blockchains by enterprises. Findings revealed that 75% of respondents were likely to use a public blockchain in the future.

Although this was the case, the report also found that most enterprises were still using private blockchains to ensure security, privacy and scalability. What was also noted in the survey as the top three concerns regarding public blockchain networks were a lack of maturity, security and privacy issues.

Fast forward to 2021 — these concerns remain. Meanwhile, advanced solutions are in the process of being implemented to combat these issues for the enterprises considering public blockchain networks.

For example, one of the most important developments for enabling the leverage of public blockchains is known as layer-two scaling solutions. While layer-two networks are not a new concept, many layer-two scaling solutions geared toward enterprise requirements are currently being developed.

Tas Dienes, ecosystem support for the Ethereum Foundation and chair of the Enterprise Ethereum Alliance Mainnet working group, told Cointelegraph that layer-two scaling solutions are primarily intended to address the transaction throughput limitations of decentralized blockchains, on layer-one networks:

According to Dienes, the most obvious benefit of a layer-two solution is that an application running on the network is no longer subjected to the throughput limitation of the underlying blockchain. This is extremely important, as the Ethereum blockchain network has been criticized over time for its ability to process very few transactions per second.

This solution was further commented on by Anna Frankowska, chief commercial officer of Aventus Network — a layer-two blockchain protocol for Ethereum transactions — who told Cointelegraph that Ethereum’s current throughput of 15 transactions per second isn’t nearly enough. To put it in perspective, “The Visa network alone handles approximately 17,000 transactions per second,” she said.

With layer-two solutions, Dienes explained that enterprises now have the best of both worlds because of “high throughput and low transaction cost, as well as the strong security of a public chain and the ability to interoperate with other applications built on it,” he remarked. This is a step up from the previous leveraging of private blockchain networks done by enterprises, due to the semi-centralized chains that are capable of handling more transactions per second than fully decentralized public chains.

Dienes further mentioned that layer-two solutions can also help address other issues enterprises have with public blockchains. For example, privacy is one of the greatest concerns organizations face when it comes to leveraging a public blockchain network. In fact, 50% of the respondents surveyed in the EY and Forrester 2019 report listed privacy as their main concern.

Certain layer-two technologies have been developed to specifically address this, Dienes noted, stating that enterprises can now deploy a private layer-two instance that keeps sensitive information away from layer-one networks. This increases privacy, and some of the interoperability and security benefits of a layer-one network will also remain. He further commented that this, combined with zero-knowledge proofs, is even more powerful for enterprises using layer-two solutions on public networks like Ethereum, which has become a popular platform for business use cases.

In regard to security, layer-two solutions can address enterprise challenges like data locality, which is another major concern for enterprises considering public blockchains. For example, Dienes commented that enterprises storing data in a particular location for compliance purposes can use a layer-two server to run that data in a known location by a known entity.

While layer-two solutions can solve many of the challenges enterprises face in regard to public blockchain adoption, Frankowska mentioned that layer-two solutions can also help ease organizations into using private blockchain in public networks, adding:

This is an important point, as many enterprises today are still leveraging private blockchains and may be hesitant to switch to open networks. It’s also crucial for enterprises to understand that there are still many layer-two scaling solutions being implemented and developed. As such, there isn’t a “one-size-fits-all” solution for an enterprise’s needs

Despite the hesitation, hybrid layer-two solutions are also emerging. “There are new developments almost every week in this rapidly evolving field,” Dienes said, which are able to combine some of the best properties of various technologies together.

He further explained that a layer-two category gaining traction with many organizations lately is “rollups.” According to Dienes, rollups “roll up” a batch of transactions on layer-two networks and write the transaction description data to layer one:

The author of the Ethereum white paper, Vitalik Buterin, also recently stated that rollups are coming to the Ethereum ecosystem soon, noting that this could improve Ethereum’s transactional throughput by 100 times.

Different types of rollups are being developed for various instances, Dienes mentioned. This is where zk-Rollups and Optimistic Rollups use different mechanisms to enforce transaction correctness, enabling different tradeoffs in things like transaction latency and withdrawal delays.

Moreover, there are a number of layer-two scaling solutions that use layer one for security, but store transaction data off-chain, or not on layer one. “Validium, plasma, and state channels are the major ones. Because they don’t write as much data to L1, they can provide much higher throughput than rollups, at the cost of decentralization,” Dienes remarked.

While it’s notable that so many layer-two developments have been made, the vast ecosystem may be challenging for enterprises to navigate.

Dienes explained that a main challenge for newcomers is that there are a lot of different layer-two technologies, each with its own unique strengths and weaknesses. As a result, the companies creating the layer two must tailor it to the needs of each applicant, in order to maintain a level of security and success.

For example, Dienes mentioned that off-chain data scaling solutions — like Validium, Plasma and state channels — may very well be suited to certain types of enterprise applications where it’s acceptable to trust a known entity to store this data. “This category of solutions has other enterprise-friendly characteristics such as the potential for greater privacy compared to rollups, greater isolation from the resource demands of other applications (like CryptoKitties), and control over where data is stored,” he remarked.

While Dienes’ recommendations may be helpful, understanding the capabilities of what layer-two solutions can provide for certain use cases is still not straightforward for many organizations. Fortunately, as the space matures, this could become easier over time, as more solutions may eventually be highlighted for enterprise requirement

This may be easier said than done, however, as Frankowska pointed out that there will always be continuous security concerns, issues around volatility, uncertainty regarding the regulatory landscape, and scepticism regarding what can seem like a panacea. “That's why not all Layer Two solutions are created equally. On top of scaling, you need to address the issues of price stability, interoperability and security, too. One missing pillar and the temple crumbles,” she commented.

The digital assets-focused blockchain-based protocol, Aventus, revealed its subsequent code launch Aventus Traditional designed to create a extra equitable and clear ticketing business.Alleviate fraud and supply transparency On Sept 12, Aventus Community announced in a weblog submit the discharge of Aventus Traditional, a totally decentralized open-source Ethereum-based ticketing protocol designed to cease fraud and supply extra transparency to the occasion ticketing business. The announcement goes on to say:This launch marks our first actual step in partaking with the open-source neighborhood, as Aventus Traditional will now be open to contributions from anybody and can now not be solely developed by official companions of the Aventus Protocol Basis.$15,000 prize fund for blockchain builders The discharge of the brand new ticketing protocol coincides with a $15,000 prize competitors for blockchain builders. In partnership with The Satoshi Awards, builders are requested to construct a blockchain-based ticketing system, the place the winner will likely be awarded $15,000 price of Ether. The successful construct will likely be offered at The Satoshi Awards in mid-2020.Steve Ellis, CEO, and founding father of The Satoshi Awards stated theyre thrilled to have partnered with Aventus and have interaction the open-source neighborhood to assist construct its ticketing system with Aventus because the backend. He added:Were excited to see the entries begin rolling in and couldnt consider a greater strategy to handle our tickets than by way of blockchain to advertise belief, transparency, and innovation.Ticketmaster tries to sort out fraud Cointelegraph final 12 months that international ticketing big Ticketmaster had acquired blockchain-focused dwell occasions agency Upgraded, to sort out points within the occasion ticketing business. The corporate acknowledged on the time that it deliberate to make use of blockchain expertise as a approach to supply extra transparency and higher management ticket distribution.

Here is our weekly assortment of digital asset itemizing and delisting, buying and selling pair-related bulletins by crypto exchanges that we discovered final week and at this time.

Have we missed one thing? Do you could have details about new listings and/or delistings?Let us know right Listings: Escoin (ELG) Mantra DAO (OM) Venus (XVS)

Bibox Listings: Pilot Lab (PTD)

Bilaxy: Listings: ALICE (ALICE) dego finance (DEGO) LABS Group (LABS) Aluna (ALN) MU DANK (DANK) VERA (VRA) Portion Token (PRT) Blockchain Cuties Universe Governance (BCUG) DOVU (DOV) Tower (TOWER) Zeus (ZUZ) Konomi Network (KONO) PolkaFoundry (PKF) Basix (BASX) DEXTF Token (DEXTF) DAFI Token (DAFI) Sad Cat Token (SCAT) Cellframe Token (CELL) InsurAce (INSUR) Lepricon (L3P) OddzToken (ODDZ) Function X (FX) Habitat Token (HBT) BITTOKEN (BITT) GAME Credits (GAME) ziot (ziot) Etherland (ELAND) Stater (STR) GraphLinq (GLQ) Float Bank (BANK) Added Trading Pairs: PAC/ETH

Binance Listings: Beefy.Finance (BIFI) Linear Finance (LINA) Perpetual Protocol (PERP) RAMP (RAMP) Added Trading Pairs: ADA/RUB ENJ/BRL ENJ/EUR MATIC/EUR NEO/TRY

Bitfinex Listings: Alliance Block (ALBT) Added Trading Pairs: ZIL/BTC Delistings: AirSwap (AST) Aventus (AVT) Contentbox (BOX) Cindicator (CND) Cortex (CTXC) DragonChain (DRGN) DATA (DTA) Dragon Token (DTX) DAOstack (GEN) Hydro Protocol (HOT) IOS (IOST) MATRIX (MAN) MobileGO (MGO) MedicalChain (MTN) Nucleus Vision (NCASH) OKEX (OKB) OnLive (ONL) Ripio Credit Network (RCN) Request Network (REQ) RSK Infrastructure Framework (RIF) Swarm (SWM) Tripio (TRIO) Monolith (TKN) BLOCKv (VEE) WePower (WPR) Waltonchain (WTC)

Bithumb Listings: WITH (WIKEN) Reserve Rights (RSR) Burger Swap (BURGER) SushiSwap (SUSHI) Livepeer (LPT)

Bitmax Listings: Gather (GTH) Dafi Protocol (DAFI) Fire Protocol (FIRE)

Bitrue Listings: Decentraland (MANA) The Sandbox (SAND)

Bittrex Added Trading Pairs: IOTA/USD XEM/USD UBQ/USDT

BKEX Listings: Chiliz (CHZ) Anchor Protocol (ANC) JulSwap (JULD) JustLiquidity (JULB) Fractal (FCL) BoringDAO (BOR) Taraxa Project (TARA)

CoinEx Listings: Bella Protocol (BEL) Rally (RLY) Delistings: PirateChain (ARRR)

Coinsbit Listings: Pool of Stake (PSK) CMDX (CMDX) DecimalChain (DEL) UFO (UFO) Uswap (UME) Uswap (EFT) Moss.Earth (MCO2) Agrichainx (AGN)

Crypto.com Listings: Ocean Protocol (OCEAN) Added Trading Pairs: FIL/USDC NEO/USDC NEAR/USDC ONE/USDC ANKR/USDC

Dcoin Listings: SCIENCE (SCIENCE)

DigiFinex Listings: Terra (LUNA) Avalanche (AVAX) UMA Protocol (UMA) Band Protocol (BAND) Wrapped BTC (WBTC)

FatBTC Listings: FaceKindle (FKD)

FINEXBOX Listings: BLBBilliance (BLB) IQC Token (IQCX) Electra Protocol (XEP) PUML Better Health (PUML)

FTX Listings: Oxygen (OXY)

Gate.io Listings: UNION Finance (UNN) Alice (ALICE) Oxygen (OXY) ZeroSwap (ZEE) autofarm.network (AUTO) Konomi Network (KONO) Render Token (RNDR) BSC.Tools (TOOLS) BSCPad (BSCPAD) Blockchain Cuties Universe Governance (BCUG) Polka City (POLC) PolkaFoundry (PKF) Exeedme (XED) Rally (RLY) Anchor Protocol (ANC) DoraFactory (DORA) pNetwork (PNT) DAFI Protocol (DAFI) Chain Games (CHAIN) Math (MATH) BTCST (BTCST) Fire Protocol (FIRE) Taraxa Project (TARA) Vesper Finance (VSP) CertiK (CTK) Energy Web (EWT) ARCx (ARCX) Decentral Games (DG) Playcent (PCNT)

HitBTC Listings: (*12*) Ocean Protocol (OCEAN) Terra Virtua Kolect (TVK) Tornado Cash (TORN) Frontier (FRONT) Just Liquidity (JULB) JulSwap (JULD) Harvest Finance (FARM)

Hotbit Listings: Lead Token (LEAD) Syscoin (SYS) bEarn.fi (BFI) Ethernity Chain (ERN) Phoenix DeFi (PNIX) Project Inverse (XIV) Beefy.Finance (BIFI) Billion Happiness (BHC) Alice (ALICE) Contentos (COS) Satozhi (SATOZ) BscRunner (ENERGY) DryCakeSwap (DRYCAKE) MixtyFinance (MXF) Taraxa Project (TARA) Realfinance Network (REFI) YFUNI Finance (UNICORN) Milktea Finance (MTF)

Kraken Listings: Energy Web (EWT)

KuCoin Listings: Kryll (KRL) Polkamarkets (POLK) Render Token (RNDR) Rally (RLY) Anchor Protocol (ANC) SmartKey (SKEY)

LBank Listings: InsurAce (INSUR) Unslashed Finance (USF) Alaya (ATP) Dora Factory (DORA) Removed Trading Pairs: BASEL/USDT

MXC Listings: Beefy.Finance (BIFI) White Coiner (XWC) Blockchain Cuties Universe Governance (BCUG) Anchor Protocol (ANC) DARWINIA (CRING) Math Chain (MATH) Taraxa Project (TARA) Radix (eXRD) Float Protocol (BANK)

OKEx Listings: Anchor Protocol (ANC) Enjin (ENJ) The Sandbox (SAND)

Poloniex Listings: Big Data Protocol (BDP) ADD.xyz (ADD)

ProBit Exchange Listings: Smile (SMILE) Innova (INN) Gera Coin (GERA)

P2PB2B Listings: Diamond (DMD) Eccoin (ECC) MoneYearn.Finance (KYFI)

SynchroBit Listings: Polymath (POLY) POWERLEDGER (POWR)

VinDax Listings: AlloHash (ALH) Electra Protocol (EXP) Birdchain (BIRD) Paynetcoin (PAYN) PlayAndLike (PAL) Bitsz (BITSZ) Acrona Open Network (AON) Mktcash (MCH1) VIDIACHANGE (VIDA)

WazirX Listings: Reserve Protocol (RSR) Added Trading Pairs: UMA/INR CHR/INR ENJ/WRX MANA/INR

XT Listings: Kindcow Finance (KIND)

ZB.COM Listings: Cosmos (ATOM) Livepeer (LPT) district0x (DNT) Dorayaki (DORA)

ZBG Listings: Livepeer (LPT)

Almost no week goes by without a cryptocurrency ICO suffering from a hack of some sorts. Tens of millions of Dollars have been lost through these types of incidents. The latest company to join this growing list goes by the name of Aventus. Someone successfully spoofed an email coming from them to make users deposit Ethereum to a wrong address. It is unclear how much money has been lost so far, but it will be rather substantial, by the look of things. Criminals are targeting ICO projects for some time now. Either they send fake links through Slack or hack pages belonging to the projects website. In every single case, at least some people send Ethereum to a wrong address. The recent Aventus ICO debacle is yet another clear example of how this industry is filled with pitfalls. Their slack has been compromised and someone sent an email to potential investors with a fake deposit address. Not a good sign for a company hoping to raise millions of dollars. Having your Slack channel compromised is a big problem, though. Although fake spam bots on Slack are nothing new, this is something else entirely. In fact, any warning put up by the team is automatically removed in seconds. Right now, it seems Aventus has not taken any proper security precautions to prevent these attacks. If the core dev team is even exposed to these types of hacks, theres no reason to trust them with any money. It is quite baffling how these blockchain companies can mess up security so badly. Virtually every ICO wants to decentralize something. Yet they still rely on centralized servers and services to inform investors and raise money. It is evident this approach isnt working out all that well. If they fail to secure a website or Slack channel, one wonders how they want to revolutionize the financial world. Bad practices like these need to be weeded out as soon as possible. Aventus has a lot of explaining to do and plenty of issues to sort out. For the time being, there is no overview of how money may have been lost. Considering the companys ICO hasnt even started, thats not a good sign. No one should trust Aventus or any company suffering from hacks like these. Without due diligence on the projects end, the entire concept is destined to fail. Moreover, it is time ICO teams start to take security more seriously. So far, their approach has been pretty lackluster, to say the least. Header image courtesy of Shutterstock

Annika Monari and Alan Vey are the founders of Aventus and recent graduates from Masters degrees in Physics - Particle Physics and Computing - Artificial Intelligence at Imperial College London respectively. In this video they present Aventus, a fair, secure, and transparent blockchain-based event ticketing solution that practically eliminates fraud and unregulated touting.Note the appearance of projects and presentations at The London Ethereum / 'Web 3' meetup does NOT represent an endorsement from any of our members, volunteers, partners or sponsors. Nothing presented at the meetup constitute investment advice.--Filmed at Ethereum London - June 2017Follow us on twitter ldnFilmography: Matteo Giachetti (http://matteogiachetti.com/)

HomepageAbout membershipSign inGet startedHomepageCryptoContentBlockedUnblockFollowFollowingAug 28, 2017Clash of the Titans: WildCrypto vs. Aventus ICOAs many crypto experts are anticipating, Wildcrypto and Aventus launch their ICO’s on the 5th and 6th of September 2017 respectfully. Both these ICOs are generating some serious attention in the crypto space, as potential ROI’s for early investors could be substantial.I’d like to take this opportunity to analyze and determine which ICO is the ‘wiser’ investment:1) WildCrypto — website: wildcrypto.comProduct The Wild Crypto platform will give its users a fully anonymous & international Lottery & eGaming platform, built upon blockchain technology. Their goal is to create a platform that is 100% decentralised and honest, publishing the results to the blockchain. They plan on revolutionizing the Lotto & eGaming industryIndustry: The Lotto & eGaming Industry is one of the highest growth industries available today, with long term growth predicted for decades to come! Recent estimates by the World Lottery Association show that the global lottery industry is currently worth $260 Billion but only a meager 4% of this is online. Signs however show an increasing number of online lottery providers and this is what the WILDCRYPTO project will be taking advantage of as a pioneer in the space.ICO Specs:· 15,000 Ether to be raised.· 30 Million token to be offered to public in ICO. 100 million tokens total.· Pre Sale price is 2500 Wild tokens per ether.· ICO price is 2000 Wild tokens per ether· Price per token is 0.15 cents.· 7 Day ICO that starts 5th of SeptemberTeam Leaders:Frank PiraSoftware designer, entrepreneur with a passion for blockchain technologies. Frank has an enviable track record of kick-starting companies with a creative business minded approachAndrew JarrettAn experienced, qualified and Chartered director used to working in highly competitive markets with a strong, entrepreneurial approach to acquiring new business. Has a proven track record in developing, implementing and refining strategic business plans. Group CEO of Twelve40 establishing the business as a significant technology provider to the lottery sector.Both Frank and Andrew have a history of leading company’s to success. Wildcrypto already own a gaming licence and will be regulated in Jersey. This ICO is going to the moon!2) Aventus — website: aventus.ioProduct: A revolutionary global standard for the fair, secure, and transparent creation, promotion and sale of tickets that is not controlled by any one entity. A blockchain-based touting and counterfeit solution for the event ticketing industry.Industry: The ticketing industry is a 5 Billion USD industry that grows around 4.8% per year. In the existing industry, isolation of operations and misaligned incentives mean that primary and secondary market platforms benefit from some forms of fraudulent activity, gaining at the expense of fans and event organisersICO Specs:· Looking to raise — 15,000,000 USD worth of ETH in exchange for 6,000,000 AVT.· Aventus will be raising a minimum of 8,000 ETH, with a maximum target of 60,000 ETH for a hard cap of 6,000,000 AVT.· The Aventus ICO will last 7 days· 92 AVT per Ether. Price per token is 3.30 cents.· The maximum total token supply is 10,000,000 AVT, and the minimum denomination is 1⁰¹⁸ (e.g. 1 AVT = 1,000,000,000,000,000,000 base units).Team Leaders:Alan VeyDirector. Full Stack Engineer. MEng Computing, Imperial College. Thesis in Blockchain — based film rights distribution.ConclusionAfter analyzing both white papers, I believe Wild Crypto is the better investment. Aventus have made several mistakes on their white paper and website including a clear mistake when listing their team member here. (Alan Vey has been listed twice). I understand this is just a small detail, however if I were to invest in this team, I’d expect more attention to all details.In my opinion, the wild crypto team is stronger, the WildCrypto ICO specs are more attractive and the gaming industry is MUCH larger than the ticketing industry. AVT tokens will be immediately priced at 3.30 cents per token versus the 0.15 cents per Wild token, offering a much larger upside potential in the short term for WILD.WILD tokens will be available for purchase on the WildCrypto platform at a fixed rate of 100 Wild Cryptos per Ether. The ICO rate is 2000 WILD per ether. (This is an amazing 2000% ROI for early investors) Having a fixed WILD price to ether does two things… 1). Guarantees a massive upside for ICO investors, 2) also gives the wild Token a sense of stability — what will probably wind up happening is the Wild Tokens price will trade in a fairly tight range say 10–15% of the 100:1 price… only going up against other cryptos when ether price rises up as well. At this point, as the price of Ether rises, so will the price of WILD.Lastly, Wildcrypto offers Eco-mining, where bonuses will be available immediately returning 8.33% per month in WILD Tokens for all participants that hold WILD tokens on the WildCrypto Platform.BlockchainWildcryptoCryptocurrencyEthereumICOOne clap, two clap, three clap, forty?By clapping more or less, you can signal to us which stories really stand out.41BlockedUnblockFollowFollowingCryptoContent4Never miss a story from CryptoContent, when you sign up for Medium. 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[-]jars (42)  ·  9 months agoExcellent review .. like your honesty. [-]starsteem (53)  ·  9 months agoExcellent reviews. just went through all 5. Really, really appreciate the level of research you are doing and the care you take in sharing information in the ICO space. try to do my best to do the same on my channel at times, but after seeing these need to step my game up. :) Kudos my friend keep up the great work! *Looking at these breakdowns would love to know which coins you are currently fan of for the long term growth (even better ones that will have long term with short term pops)? *Thoughts on Pillar, OxProject, and Poppy ICOs coming up? Followed and upvoted. Feel free to check me out and follow back if interested. Cheers $0.002 votes+ rkreddy+ rephillReply ·[-]starsteem (53)  ·  9 months agoSorry forgot to ask whether or not your interest in Blocktix? You referenced them and liked what saw in their whitepapers. usually get locked in to the ICOs researched. For example like Skin, but after reading your post on Monsterball, think will have to throw half of what was going to do on skin and the other half now on Monsterball. am wondering if should be looking at the same arrangement with Blocktix and Aventus. $0.00Reply ··[-]rkreddy (47)  ·  9 months agoBlocktix seemed promising but it had already started when picked Aventus...that is why had referenced it. $0.00Reply ·[-]rkreddy (47)  ·  9 months agoThank you Starsteem, appreciate your feedback and comment. I am big fan of Steem (obviously) I have invested in Golem and Maidsafe, although they are long term. I have also been big fan of Wagerr and if they do what they said they will in due time, it may be good bet. I will look at the ICOs you pointed out and see if anything intrigues me. will reference your name if do pick any for review! thank you once again! [-]overkillcoin (64)  ·  9 months agoInteresting and very thorough article. This is series I'll need to keep up on! $0.00Reply ·[-]rkreddy (47)  ·  9 months agoThank you overkillcoin, appreciate you taking time to read and share your feedback... $0.03Past Payouts $0.03 Author $0.02(0.01 SBD, 0.01 SP) Curators $0.011 vote+ overkillcoinReply ··[-]overkillcoin (64)  ·  9 months agoFollowing you I got disillusioned with crypto in late 2014 but there's still lot of possibilities left! need to stay on point instead of the sidelines. $0.00Reply ···[-]rkreddy (47)  ·  9 months agoAbsolutley. 1% success of cryptos would mean 100+ new opportunities and that is not even counting future 1000s ICOs... Please do share good projects that you come across and will do same. $0.00Reply ····[-]overkillcoin (64)  ·  9 months agoDo you get the altcoin newsletter from Bobby Ong? Seems to be on point I remember reading about SteemIt before it existed... Another opportunity missed lolz $0.00Reply ·····[-]rkreddy (47)  ·  9 months agoWith cryptos in their infancy (except btc/ltc) never too late [-]firepower (71)  ·  8 months agoSeems interesting. Still reading through the post tho. $0.00Reply ·[-]rkreddy (47)  ·  8 months agoThese are bit long since included the information into different areas to assign points... [-]onetin84 (57)  ·  8 months agoUff, now after few search queries found your recommended article about Aventus ICO. Thanks lot! My opinion is they have some points which their competitors not have. There was discussion with direct comparison (source lost) where they are had an visible advantage with clear arguments. always have strong tech lead and communicator On the tech side think it's crucial to have always strong lead and he must not the best in marketing and connecting to people. That part is for other people (i think tag team is best) but it's always concerning for me if the team is hiding (aware or unaware) or it's hard to get to channel (e. g. slack only is hiding for me) because to build relationship to your investors, think of they are human beings you must interact with them in open manner to get their trust. Slack only is geeky. The best medium i've seen so far are live webinars, Vlogs or recordings of events where you can see the people on the other side and behind the scenes and have the chance to post messages (live or board) and get quick response from them. My best example is TenX they have done great job from the marketing perspective. There was so much trust in their team and the future prospects because they communicated so well and directly to their investors and were multiple times more effective than other ICO's who had such low frequency of communication which can be deadly whether or not you have the best intentions. Low frequency communication means also for me to get the profiles from text information. way better is an life introduction within webinar it's so convincing. Without doubt you need also leader in that field who motivates and coordinates the team members to use the camera as tool to directly connect to future investors and customers. But don't understand why so many teams don't do that or do it not seriously. The outcome is much greater than with all the other media. And my goodness! Aventus is in the entertainment business not finance like TenX. Who knows better what's happen on stage! Here are two founders Alan Vey and Annika Monari in amateur video in not so convincing environment but with good explanation A professional and informational video of the technology is always good, but not enough I'll give it chance with smaller amount but also have some doubts you had already mentioned and wish the best that Aventus accomplish their goals for fair ticketing! [-]draumbaer (25)  ·  3 months agoHi, would you be able to give new opinion after half year or would you say it has changed?

Past MeetupThis Meetup is past 161 people wentRise London41 Luke St, EC2A 4DP LondonLondon FinTech Week (https://www.fintechweek.com/)kicks off on July 10th and we'll be hosting Coinscrum {Blockstars} to coincide with all the activity on 12th July at Rise London (https://thinkrise.com/london.html) (Shoreditch) to showcase some exciting new blockchain projects.-------------------Etherparty (http://etherparty.io/) is an easy to use smart contract wizard that lets users build smart contracts with simple buttons and functions. No coding, programming or developing involved. With Etherparty you can create everything from a simple peer to peer escrow contract, to complicated supply chain management. You can even create your own Ethereum token, crowdfunding contract, and run an ICO all on Etherparty.Etherparty bridges the gap from the technology to users by providing an easy to navigate UI, contract libraries and built in oracles.Kevin Hobbs, CEO of Etherparty will be walking us through his team's vision----------------------Etch (https://etch.work) is a shared financial ledger for the construction industry to make "real time payment" and "straight through payroll" a reality.Etch founder, Euros Evans' (@euros) career has been an overlap of both construction and technology. As a first year building studies student he launchd the first online "real estate" website. This was the spring of 1993!He later went on to study architecture at East London University, and then worked for a practice in Chester. Due to the years of working on building sites with his dad, his role at the practice was very hands on - signing off and approving payments for contractors.Disputes over work done, was, and still is, the main source of conflict in the construction industry. Fast-forward twenty years and the technology is here now to help ease this pain. And this is what Euros and his team are building.Community Manager, Ben Whyte and engineer, Joshua Richardson will be telling us more about their motivation and objectives.About BenBen first discovered blockchain while researching his dissertation on The Social Implications of Bitcoin and Tor in 2013. Graduating with a 1st Degree in Business and Enterprise Systems, he has previously started and run 5 businesses including a digital marketing agency and two e-commerce businesses.About JoshuaJoshua Richardson is an entrepreneurial software engineer, who specialises in developing commercial trustless systems. He has a history in a consulting blockchain startup and is now working with Etch, a provider of realtime blockchain-backed payments for the construction industry.----------------------Swarm Fund (https://www.swarm.fund/) is building a $100B+ asset corridor bridging old world finance with new crypto opportunities. Their market infrastructure allows funds to automate creation, fundraising, deployment, distribution, and reporting via an enhancement of smart contract technology called state boxes.They launch with multiple partner funds (distressed real estate, art, renewables, hedge funds) who have already deployed $100mm+ with 30+% IRR and managing partners who have managed $10B+ in portfolios.Their infrastructure is fully accessible and over time will be entirely governed by its community members. They use a token-based stake-weighted liquid democracy system to provide both an early adopter incentive and long-term input vector (voting). Additionally, members get access to new deal opportunities before anyone else, such as our affiliated Ethereum Alpha crypto hedge fund.CEO, Joel Dietz will be on stage to tell us more.About JoelJoel co-founded the first smart contract educational channel (EtherCasts), the Ethereum Silicon Valley meetup, wrote the original AppCoin Manifesto, and built the first decentralised asset and governance platforms on the Bitcoin blockchain.His facilitation of the LoveNest blockchain-community living space setup in Palo Alto has included many presentations on Decentralized Autonomous Society, DAO Democracy, Futarchy, and Liquid Democracy. He holds degrees from Brown University and the University of Pennsylvania and has won prizes from Google and Salesforce.--------------Indorse (http://www.indorse.io) is a blockchain-powered decentralised professional network developed in Singapore by the co-founders of the Smart Contract-As-A-Service platform Attores. Indorses co-founders, David Moskowitz (CEO) and Gaurang Torvekar (CTO) have demonstrated their ability to successfully deploy blockchain technology and smart contract solutions for private companies and public institutions in Singapore, including some of Singapore's leading institutions of higher learning.The Indorse platform, which aims to revolutionise professional social networking using new models of tokenisation and decentralisation, will allow its members to profit from sharing their skills and activities on the platform via reward tokens. Indorse will be integrated with a number of DApps such as Attores Certificate Issuance Platform, Inter Planetary File System (IPFS), uPort identity system, Truffle, Spectrum and Status.About GaurangGaurang is Co-founder and CTO of Attores. Gaurang has been involved with several startups in FinTech and AI across India and Singapore as the tech guy. He has a Masters from Singapore Management University in Information Systems. He conducts courses on Ethereum hands-on coding and has also worked on a book on Building Ethereum Dapps.--------------Aventus (https://aventus.io/) is building the global open standard for the the exchange of tickets using the blockchain. Aventus innovations vastly improve upon existing solutions by bringing oversight and transparency to the ticketing lifecycle, security to the transfer and validity of tickets, new revenue streams for event organisers and greater promotional capabilities.The platform eliminates uncontrolled resale and counterfeit tickets. It allows event organisers to create, manage and promote their events and tickets with dramatically reduced costs, even letting them set price controls and receive commissions on ticket resales. It also gives ticket buyers rewards for promoting events, and identifying fraudulent activity.Founders Annika Monnari and Alan Vey will be presenting.About AnnikaAnnika Monari, director and co-founder: First class honours, MSci physics from Imperial College London, dissertation in detecting dark matter decays of Higgs bosons at the CMS experiment (CERN) using machine learning, experience in Merchant Banking at Goldman Sachs.About AlanAlan Vey, director and co-founder: First class honours, MEng Computing - Artificial Intelligence from Imperial College London, distinguished award-winning dissertation in blockchain-based film rights, experience in quantitative development at Brevan Howard and Entrepreneurial Business at Deloitte.--------------Agenda6:00pm // Doors open & registration6:20pm // Aventus presentation6:45pm // Indorse presentation7:10pm // Swarm Fund presentation7:35pm // Etch presentation8:00pm // Etherparty presentation8:30pm // Networking & Refreshments9:00pm // Off to the pub--------------Follow us on twitter @coinscrum (http://www.twitter.com/coinscrum)Go to Attendee Listpaul g.Organizer500apesMemberAbeer Y.MemberAdam C.MemberAdrianoMemberAkash M.MemberAlan WMemberAleks N.Member

The ability to create and sell new digital content directly to fans could not have come at a better time, with musicians still largely unable to perform for live audiences due to COVID-19, yet NFTs are just one of the applications of blockchain technology showing promise for the music industry. Innovations like smart contracts and blockchain ticketing protocols have the potential to solve long-standing problems, including ticket scalping, copyright issues, and inefficiencies in how artists receive streaming royalties. So what exactly are NFTs, smart contracts, and blockchain ticketing protocols, and how can they benefit the music industry?

NFTs, or non-fungible tokens, are crypto-digital assets stored on a decentralized blockchain network much like bitcoin and other cryptocurrencies. They can include any form of digital media, like an mp3, jpeg, GIF, etc., or they can represent something physical, or be used as a redeemable token for whatever purpose—the possibilities are pretty endless. Creators mint NFTs in limited numbers, and each one has a unique ID, which is what makes them non-fungible, or not interchangeable, unlike bitcoin or regular currency, which are fungible since they can be exchanged for the same currency of equal value (a twenty-dollar bill is interchangeable—or fungible—with two ten-dollar bills, for example).

Every NFT transaction is recorded on Ethereum blockchain, which creates a public ledger of ownership that is encrypted and distributed among every computer participating in the peer-to-peer blockchain network, rather than being stored in a centralized database that could be hacked. Although the digital media attached to an NFT might be copied and shared, the blockchain ledger ensures that everyone can see who actually owns the NFT, which functions like a certificate of ownership and authenticity, preventing the possibility of counterfeit NFTs. This concept has been addressed in the fine art world for centuries by way of “provenance,” although forgers have often successfully falsified provenance in the past. The decentralized nature of NFTs render falsified histories and potential fakes a non-issue.

The value of NFTs, like stocks and rare collectibles, depends mostly on what buyers are willing to pay, and the market is experiencing a boom as NFTs explode in popularity. Since their inception in 2017, rare NFTs have traded at prices reaching hundreds of thousands of dollars, so it is no surprise that people are bidding large amounts of money on early music NFTs. A collection of ten pieces by Grimes, each featuring an animated image set to original music, recently sold on NFT trading platform Nifty Gateway for a total of $6 million. Most of the sales came from two pieces that sold nearly 700 copies at a cost of $7,500 each, and the most expensive piece was a one-of-one video NFT entitled “Death of the Old” that sold for almost $389,000.

The “NFT Yourself” series was developed with a company called YellowHeart, which is dedicated to using blockchain technology to reverse the devaluation of music that has taken place since the recording industry went digital. “Previously, it cost $20 to go get one song,” YellowHeart CEO Josh Katz said in an interview with Rolling Stone. He said NFTs could help make people want to own music again, and give artists the power to sell their music directly to fans. “It’s early stages, but in the future, I think this will be how people release their tracks: When they sell a 100,000 at a dollar each, then they just made $100,000.” Katz calls the series an “extreme example to prove a point” because it shows a variety of uses of NFTs. It also shows the degree of control that can be written into NFTs using a related blockchain technology called smart contracts, which were used to create the “golden ticket” NFTs.

Smart contracts are self-executing contracts that use computer programs or transaction protocols to automatically execute the terms of an agreement. For instance, a smart contract could stipulate that every time a particular NFT is resold on the blockchain, 10% of the sale automatically goes to the artist who minted it. This way, the artist benefits as fans and investors make money buying and selling their work. But smart contracts apply to more than just selling NFTs. They could also be used to automate royalty payments and ensure that creators and rights holders are fairly compensated. A smart contract could track every time a song is streamed or used in a video, and then automatically distribute the royalty payments owed to each owner of the copyright instantaneously. This would be a big improvement over the way royalties are paid now, which can take a long time and involve many intermediaries, and it would eliminate licensing disputes between rights holders and streaming services, which have a history of ending up in court.

The live music and events industries can also benefit from blockchain technology like smart contracts and blockchain ticketing protocols. The “golden tickets” sold by Kings of Leon are technically the first concert tickets to be sold as NFTs, but blockchain-based ticketing solutions have been in the works for years. Aventus, GET (Guaranteed Entrance Token), and other ticketing protocols have shown how tickets can be sold directly on blockchain with added control using smart contracts. Multiple privileges can also be written into a single smart ticket, like the “golden ticket” NFT perks, and ticket prices can be set so they can never be resold above face value, eliminating the possibility of scalping, which takes almost $16 billion from fans and the ticket industry every year. With NFTs, the transparency of the decentralized blockchain network makes counterfeit blockchain tickets an impossibility. Ticketmaster is already working on bringing this technology to the masses with the help of blockchain startup UPGRADED, which they acquired in 2018.

Between NFTs, smart contracts, and ticketing protocols, blockchain technology offers promising solutions to many of the music industry’s biggest problems. It is still unclear whether NFTs will really revolutionize the way people consume music, or whether today’s frenzy is just a passing fad, and it may be a while before blockchain ticketing protocols replace ticket agencies, but the music industry has only just begun to explore the limitless possibilities blockchain technology has to offer, and we can be sure the best is yet to come.

Women working in the blockchain sector are still few and far between. While exact statistics are unclear, technology has, in general, remained a male-dominated field. For instance, a recent report from Deloitte found that only 7% of fintech startup founders are women. The report also noted that startups founded and co-founded by women have struggled to raise funds during the COVID-19 pandemic. 

Findings show that during the first six months of 2020, 20 women-led startups raised a total of $875 million. On the other hand, 243 startups founded by men raised around $12 billion during the first half of 2020. It’s also highly discouraging that pay data from Coinbase, one of the most popular crypto exchanges in the world, showed that female and Black employees had been underpaid in previous years.

Yet hope springs eternal for the future of women in blockchain. While it is still very much male-dominated, there are a number of remarkable women innovating at a high level in the enterprise blockchain space.

For instance, Lisa Butters, general manager of Honeywell’s GoDirect Trade Greenhouse — a blockchain-based marketplace for used aerospace parts — told Cointelegraph that while it may not be obvious, a female perspective can bring a different, yet much-needed, outlook to business situations. Specifically, Butters mentioned that women are notorious for making sure enterprise systems are efficient and user-friendly:

For example, Butters shared that when GoDirect Trade first designed a blockchain ledger to collect data events connected to aerospace parts, each event had various fields associated with it. Butters explained that a part’s “birth event” may have had seven related fields to capture, while a “repair event” may have had nine related fields. 

However, Butters noted that sometimes the only field obviously associated with a part was its serial number. As such, Butters explained that she needed to develop a scalable approach to data collection:

User-friendliness and efficiency are some of the most important elements for enterprise systems. In a GoDirect Trade blog post, Butters mentioned that the company website reflects this, pointing out that the site is a blend of Amazon, Etsy, Mercari and Target. Butters wrote in her post, “If a 43-year old male was the sole voice to design our aerospace marketplace, do you think it would have looked like this?”

Chaitanya Konda, global blockchain lead for research and development at Ernst & Young UK, told Cointelegraph that her work revolves around making the token economy vision a practical reality. “This necessitates providing privacy and scalability for token transactions and complex business logic surrounding tokens at a reasonable transaction fee,” she remarked.

Like Butters, Konda understands that women are typically good at multitasking and therefore forge an innate ability to come up with efficient approaches to tackle simultaneous challenges. “Having women bring this mindset in designing and developing these enterprise systems can be extremely valuable,” said Konda.

This also applies to another important element of the blockchain sector: open-source projects. Anais Ofranc, a member of the Baseline Protocol Technical Steering Committee and CEO of Consianimis Consulting, mentioned that she is helping ensure that different stakeholders, personas and interests are represented in open-source systems. “The female perspective is important during the decision-making process for open-source projects,” she said.

Echoing Ofranc, Kaliya Young, ecosystems director for the COVID-19 Credentials Initiative at the Linux Foundation, told Cointelegraph that the majority of her work focuses on building open standards for verifiable credentials. Young noted that community collaboration is a major requirement for building open-source standards, pointing out that a female perspective is critical. “Sometimes this is undervalued, but a female’s perspective is critical if we want to develop a new layer of the internet where all people are empowered,” she remarked.

Moreover, incorporating women’s perspectives is extremely important, especially when it comes to creating a new financial system, which is a promise of blockchain technology. Denelle Dixon, CEO and executive director of the Stellar Development Foundation, told Cointelegraph that historically, financial systems have been created by men. As such, Dixon noted that these systems have missed the mark in catering the experience to the whole population.

Fortunately, Dixon believes that more opportunities at growing blockchain companies are opening for women, noting that there is already a strong leadership team at Stellar Development Foundation.

While women's perspectives can help ensure efficiency and user-friendliness for enterprise platforms and open-source initiatives, gender diversity may also help build better products.

A Harvard Business Review article reiterates this, mentioning that numerous studies have shown that employees in pro-diversity regions, like the United States and Western Europe, prefer gender-friendly work environments. As such, studies show that the most talented individuals typically tend to work in places that are gender diverse, ultimately leading to better performance.

Daniela Barbosa, vice president of worldwide alliances at The Linux Foundation, told Cointelegraph that just like any other tech industry, diversity in the enterprise blockchain space is important for building solutions that address the needs of society rather than the needs of a few:

For example, Barbosa explained that creating a supply chain network to ensure sustainable food production must address financial inclusion for multiple parties, including the unbanked, the fully banked or even a finance system that gets bankers and suppliers paid faster with less risk. “Developing and deploying such networks will benefit from diverse approaches and experiences at both the technical and business level and be better set to meet user-friendly design and efficiency goals,” she remarked.

Ryan Rugg, blockchain industry service leader at IBM Global Business Services, told Cointelegraph that she is spearheading the United States’ blockchain team at IBM — for example, launching New York’s COVID-19 vaccination management solution, powered by IBM Blockchain’s Digital Health Pass.

According to Rugg, gender diversity has helped lead to many successful engagements. “Diverse teams lead to different perspectives, ideas and out of the box thinking to drive true innovation. We want people to challenge each other and have constructive dialogues,” she noted.

Fortunately, the open nature and inclusivity of the blockchain space may drive more women into the sector moving forward. Progress is already being made, with a report from CoinMarketCap showing that the number of women in the cryptocurrency industry increased 43.24% in the first quarter of 2020.

It’s also important to point out that women do not need prior blockchain experience when entering the sector. Leanne Kemp, CEO of Everledger — an enterprise blockchain company for supply chain management — told Cointelegraph that women can bring valuable community-building skills and help provide long-term strategic vision, even if they don’t have a background in blockchain technology specifically. “Skills like determination and attention to detail come easily to women, making them a valuable asset in this growing technology,” she remarked.

Given the importance of gender diversity in tech, many believe that education, mentorship and job opportunities will ultimately attract more women to the blockchain space moving forward.

For instance, while there are many open-source projects in the enterprise blockchain space, Ofranc mentioned that there is an obvious lack of diversity. She explained that moving forward, she would like to see greater outreach from open-source organizations targeting universities and young women in particular to raise awareness of the benefits of contributing to open-source or open-standard projects.

Job opportunities geared toward women may also help drive adoption. Ofranc noted that while there are many technical and business jobs in the enterprise blockchain space published on companies' websites, many of these sites cater to an audience of a certain demographic. Adding to this, Konda remarked that hackathons and conferences are another great way to introduce women to the blockchain field.

That being said, Warren remarked that companies must make it a priority to get women involved. “Look at your employment processes — where are you recruiting from? Is your pipeline diverse? If not, are there steps you can take to include more women.”

Warren further mentioned that companies must think long term about investing in the next generation of female leaders in blockchain. In order to ensure this, Anna Frankowska, chief commercial officer at Aventus Network — a firm developing a layer-two blockchain protocol — noted that role models in the industry will encourage more women to enter the space long term: