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  1. Yesterday
  2. Hi everyone, Did you aware that the new wallet address in DDK Core 2.1 will using Base58check which has a built-in error-checking code? It works by using the checksum derived from the hash of the encoded data and can therefore be used to detect and prevent transcription and typing errors. When presented with a Base58Check code, the decoding software will calculate the checksum of the data and compare it to the checksum included in the code. If the two do not match, that indicates that an error has been introduced and the Base58Check data is invalid. This is how it prevents the faulty of the transaction. Stay connected for more information on DDK Core 2.1 features.
  3. Last week
  4. Dear DDK Community, Blockchain technology is known to be one of the biggest innovations of the past decade. It has left several impacts on few sectors from Business to Fintech industry. Let’s look at the top trends that may expected for the blockchain a landscape to watch out for the next coming months: https://blog.ddkoin.com/2021/06/12/expected-blockchain-trends/ #blockchain #ddk #technology #business
  5. Which is the most bitcoin account FreeWallet versus Buxtank?
  6. Dear Blockchain Enthusiasts, June is here. Earlier this year, most of us thought that COVID-19 pandemic is subsiding, but a lot of countries are now facing another wave of cases. We’d like to remind everyone to take extra precautions and keep yourself safe. With the pandemic, we have to expect the unexpected but let us look at the expected blockchain trends said to bloom in the next coming months and whether these trends are already happening in the blockchain scene. 1. Growth of global blockchain market. It was expected that the blockchain market to experience growth this year, but not this big! The pandemic has definitely encouraged global businesses to adopt blockchain in their business operations, especially the use of distributed ledger technology. Businesses now understand the need for digital transformation to ensure competent functionality and business survival. Working from home is now a norm and having a trusted and reliable digital medium to monitor businesses performance is definitely a necessity to businesses. This trend is already happening and we foresee that this will continue to escalate. 2. Decentralized Finance (DEFI) services. We have definitely see growth of DEFI services even before the pandemic hit us, but with the pandemic, DEFI services is stimulating the financial technology landscape with its major advantage, which is cutting out intermediaries, thus ensuring open finance that summon more direct transactions between users and businesses. As popular DEFI services rose through the pandemic, we also see new concepts of DEFI such as yield farming and liquidity mining, but as usual new concepts like yield farming although has potential for larger returns, comes with even larger risks. If you are interested, make you are aware of the risks, advantages and disadvantages and always be on the lookout for anything suspicious. DEFI services is still very new, we would like to remind users to do their strict due diligence before utilizing DEFI services. DEFI services trend has upsurge but we don’t see it going booming unless the common risks of applications crashing, bugs, security and scalability problems is resolved. 3. Tighter Fintech regulations. Rises of global blockchain market will without doubt calls for tighter fintech regulations. Guidelines is already emerging as countries are more accepting of fintech, especially on dealings of cryptocurrencies. But this year, regulators will strengthen these regulations particularly on monetary digital transaction like digital banking and cryptocurrency. As fintech fraud is a global problem caused by fake crypto investment platforms and other types of cyber frauds, it is estimative that regulators are putting tighter laws, regulations and guidelines to safeguards users from suffering financial loss. We hope that this remains without affecting the potentials brought by blockchain technology, as we hope so see the global blockchain market magnify. Let us hope that regulators are not narrowing their acceptance to fintech having to deals with cyber frauds but with issuance of laws, regulations and guidelines that are clear and concise in order for fintech and economy digitalization to grow and progress. Do you think these trends will keep on rising? What are other trends you think will set this year? Share your thoughts! The post EXPECTED BLOCKCHAIN TRENDS appeared first on DDK BLOGS. View the full article
  7. Dear Blockchain Enthusiasts, June is here. Earlier this year, most of us thought that COVID-19 pandemic is subsiding, but a lot of countries are now facing another wave of cases. We’d like to remind everyone to take extra precautions and keep yourself safe. With the pandemic, we have to expect the unexpected but let us look at the expected blockchain trends said to bloom in the next coming months and whether these trends are already happening in the blockchain scene. 1. Growth of global blockchain market. It was expected that the blockchain market to experience growth this year, but not this big! The pandemic has definitely encouraged global businesses to adopt blockchain in their business operations, especially the use of distributed ledger technology. Businesses now understand the need for digital transformation to ensure competent functionality and business survival. Working from home is now a norm and having a trusted and reliable digital medium to monitor businesses performance is definitely a necessity to businesses. This trend is already happening and we foresee that this will continue to escalate. 2. Decentralized Finance (DEFI) services. We have definitely see growth of DEFI services even before the pandemic hit us, but with the pandemic, DEFI services is stimulating the financial technology landscape with its major advantage, which is cutting out intermediaries, thus ensuring open finance that summon more direct transactions between users and businesses. As popular DEFI services rose through the pandemic, we also see new concepts of DEFI such as yield farming and liquidity mining, but as usual new concepts like yield farming although has potential for larger returns, comes with even larger risks. If you are interested, make you are aware of the risks, advantages and disadvantages and always be on the lookout for anything suspicious. DEFI services is still very new, we would like to remind users to do their strict due diligence before utilizing DEFI services. DEFI services trend has upsurge but we don’t see it going booming unless the common risks of applications crashing, bugs, security and scalability problems is resolved. 3. Tighter Fintech regulations. Rises of global blockchain market will without doubt calls for tighter fintech regulations. Guidelines is already emerging as countries are more accepting of fintech, especially on dealings of cryptocurrencies. But this year, regulators will strengthen these regulations particularly on monetary digital transaction like digital banking and cryptocurrency. As fintech fraud is a global problem caused by fake crypto investment platforms and other types of cyber frauds, it is estimative that regulators are putting tighter laws, regulations and guidelines to safeguards users from suffering financial loss. We hope that this remains without affecting the potentials brought by blockchain technology, as we hope so see the global blockchain market magnify. Let us hope that regulators are not narrowing their acceptance to fintech having to deals with cyber frauds but with issuance of laws, regulations and guidelines that are clear and concise in order for fintech and economy digitalization to grow and progress. Do you think these trends will keep on rising? What are other trends you think will set this year? Share your thoughts! The post EXPECTED BLOCKCHAIN TRENDS appeared first on DDK BLOGS. View the full article

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  9. A blockchain perfectly defines a democratized system. When talk about blockchain, there will be a topic about what type of blockchain is use, because blockchain comes in many different types. A Public Blockchain is a “permissionless” blockchain while a Private Blockchain is a “permissioned” blockchain. They are used heavily among the various cryptocurrency networks and the private enterprises. Know the different between Public and Private blockchain, to know/decide which solutions are suitable for the platform.
  10. Earlier
  11. Did you know about the 5 Pillars of DDK as open blockchain Platform? Here is the list 5 pillars of DDK as open platform: Open Platform It is an open platform, and anyone can freely access to it. Borderless It is boundless, not restricted to any state/country. All users can use the platform. Neutral/Decentralized The platform is fully decentralized and was not controlled by anyone. Censorship resistant It has a system of speech and offers freedom for the right to speak and write openly, without interference and control by any party. Public Verification The verifiable on the network was open to the public. Users may check this through explorer.
  12. Hi Everyone, We have some great news for you! Universal Horizon SDN BHD has won the Cryptocurrency - Technology award while participating in the Malaysia Technology Excellence Awards 2021. Our entry was none other than the best project of Universal Horizon SDN BHD: DDKoin (DDK) - Cryptocurrency. You can view the details of the awards by clicking on this link: https://blog.ddkoin.com/2021/05/20/ddk-wins-cryptocurrency-technology-award-at-malaysia-technology-excellence-awards-2021/ It was all due to the continuous support and interest from our DDK stakeholders, DDK team and the guidance of our leadership. The future of blockchain technology and DDKoin will continue to improve and win more awards in the years ahead. Watch the full video interview here: https://sbr.com.sg/video/malaysia-technology-excellence-awards-2021-winner-universal-horizon-sdn-bhd We thank you all for making this possible. Disclaimer: Please observe and adhere to your country rules governing digital assets and cryptocurrency at all times to avoid any legal consequences. #blockchian #technology #crypto #cryptocurrency #trading #ddkoin
  13. It gives us immense pleasure to announce that Universal Horizon SDN BHD has won the Cryptocurrency – Technology award at Malaysia Technology Excellence Awards 2021. The Malaysia Technology Excellence Awards are given to organizations in recognition of their exceptional contribution to technology and their efforts on causing the disruption wave. These companies are leaders in the technological revolution of their industries and their digital journeys are a testament to their resilience and efforts to enhance the fast growing economy of Malaysia. Universal Horizon SDN BHD submitted their best project i.e. DDKoin (DDK) – Cryptocurrency and it was recognized as a clear winner. We thank all our stakeholders, our development team, our marketing team and our leadership for making this all happen. We couldn’t have done it without your continuous support and guidance. There were points where we all preserved and had to exercise patience but it all paid off in the end. We assure you that DDKoin will continue to improve in the future and will win more such awards through the strong efforts of everyone involved in the project. We thank you all for making this possible and urge you to continue supporting the DDK Foundation. The post DDK Wins Cryptocurrency – Technology award at Malaysia Technology Excellence Awards 2021 appeared first on DDK BLOGS. View the full article
  14. Hi Everyone, Blockchain is a ground breaking technology that supports cryptocurrencies of all sorts. These crypto currencies have the power to change the financial system of the modern world. For more information on this topic, please read our detailed blog here: https://blog.ddkoin.com/2021/05/20/are-cryptos-revolutionizing-our-financial-system-democratically/ Stay tuned for more such posts. Disclaimer: Please observe and adhere to your country rules governing digital assets and cryptocurrency at all times to avoid any legal consequences. #ddk #ddkoin #blockchain #crypto #cryptocurrency
  15. The progress of the world today is being restricted by the COVID-19 pandemic. While people are trying to save themselves from the disease, the current financial system fails to support people the right way. Experts have estimated a staggering 1.7 billion people in crisis due to the shortcomings of our inadequate, inefficient and highly outdated financial system. The only way to make this right is to overhaul the legacy systems we are using presently and develop something fair, open, economical and in sync with the digital era in its place. Something like blockchain technology. Thankfully, cryptocurrency and blockchain technology has already started to lay the foundation for a modern global financial system. The popularity of cryptos continues to surge and even though they haven’t reached the mainstream yet, there are strong efforts being made to extend its accessibility towards everyone. Blockchain technology is also being utilized in many government procedures of numerous advanced countries and the result is absolute transparency and reliable security. If more people are properly educated and innovative approaches are taken in cooperation with the prevalent financial regulators and institutions, the development of a new democratic financial system can be expedited exponentially. Now, cryptos are new to the people and they function differently as compared to the current financial systems. This is why common people are reluctant to place their trust in them. Understanding the cryptos and how they work is an essential part of the whole gig. If you understand the cryptos and the workings of blockchain technology, you can use cryptos in the best possible manner. These days access to cryptos has improved drastically and people are starting to understand the positive use cases of blockchain technology. There are new trading platforms out there providing improved user experience. You can also see the regular debut of new cryptocurrencies there. Bitcoin isn’t stealing the show anymore and people are interested in other cryptos such as DDKoins, Ethereum, etc. Sadly, the traditional financial system has fallen short of offering lower fees, enforcing systemic transparency, and improving speed of service, a new democratic system is slowly taking its place. Blockchain technology and cryptocurrency find themselves in the best position to track all the major issues with the traditional financial systems and experts believe the future to be dependent on the said technology. Since the traditional financial system is so vast and diverse, it is impossible to eliminate it in the short-term. We can only create a financial system fit for the digital age in its place. The new system will provide cheaper transactions, safer access and faster services to all. You won’t even need a bank account for using this system. The post Are Cryptos Revolutionizing Our Financial System Democratically? appeared first on DDK BLOGS. View the full article
  16. The progress of the world today is being restricted by the COVID-19 pandemic. While people are trying to save themselves from the disease, the current financial system fails to support people the right way. Experts have estimated a staggering 1.7 billion people in crisis due to the shortcomings of our inadequate, inefficient and highly outdated financial system. The only way to make this right is to overhaul the legacy systems we are using presently and develop something fair, open, economical and in sync with the digital era in its place. Something like blockchain technology. Thankfully, cryptocurrency and blockchain technology has already started to lay the foundation for a modern global financial system. The popularity of cryptos continues to surge and even though they haven’t reached the mainstream yet, there are strong efforts being made to extend its accessibility towards everyone. Blockchain technology is also being utilized in many government procedures of numerous advanced countries and the result is absolute transparency and reliable security. If more people are properly educated and innovative approaches are taken in cooperation with the prevalent financial regulators and institutions, the development of a new democratic financial system can be expedited exponentially. Now, cryptos are new to the people and they function differently as compared to the current financial systems. This is why common people are reluctant to place their trust in them. Understanding the cryptos and how they work is an essential part of the whole gig. If you understand the cryptos and the workings of blockchain technology, you can use cryptos in the best possible manner. These days access to cryptos has improved drastically and people are starting to understand the positive use cases of blockchain technology. There are new trading platforms out there providing improved user experience. You can also see the regular debut of new cryptocurrencies there. Bitcoin isn’t stealing the show anymore and people are interested in other cryptos such as DDKoins, Ethereum, etc. Sadly, the traditional financial system has fallen short of offering lower fees, enforcing systemic transparency, and improving speed of service, a new democratic system is slowly taking its place. Blockchain technology and cryptocurrency find themselves in the best position to track all the major issues with the traditional financial systems and experts believe the future to be dependent on the said technology. Since the traditional financial system is so vast and diverse, it is impossible to eliminate it in the short-term. We can only create a financial system fit for the digital age in its place. The new system will provide cheaper transactions, safer access and faster services to all. You won’t even need a bank account for using this system. The post Are Cryptos Revolutionizing Our Financial System Democratically? appeared first on DDK BLOGS. View the full article
  17. Hello DDK Stakeholders, Watch the full video interview of our founder, Dato' Muhd Azrainuddin Zainal with Nick Atkinson, the Contributing Editor of Singapore Business Review, discussing about the winning of DDKoin in Malaysia Technology Excellence Awards 2021. Here's the link for the video: Malaysia Technology Excellence Awards 2021 Winner: Universal Horizon Sdn Bhd | Singapore Business Review https://vimeo.com/551779436 For News Updates Join DDK forum: https://forum.ddkoin.com/ Visit DDK Website: https://ddkoinblockchain.com/ DUREF: https://www.facebook.com/DDKDUREF/ MBA: https://www.facebook.com/MutantBlockchainAcademy/ Join the DDK community Facebook: https://www.facebook.com/ddKoinofficial/?modal=admin_todo_tour Twitter: https://twitter.com/DDKoin_Official LinkedIn: http://tiny.cc/08ci8y Quora: https://www.quora.com/profile/DDKOIN Telegram: https://t.me/ddkoin_official Instagram: http://tiny.cc/vbdi8y #ddkoin #blockchain #technology #cryptocurrency #ddkcommunity #ddkoinofficial #MYTechExcellenceAwards #SBRAwards #2021 #ddkachievement
  18. Dear Blockchain Enthusiasts, Blockchain technology usage is not only limited to cryptocurrency. It can also be utilized in multiple industries. The sports industry is one of the most booming industries around the world. The experts in the industry are quickly thinking of new ways to keep the enthusiasts connected even in a world dominated by social distancing and they figured it out through introducing blockchain technology in sports industry by issuing non-fungible tokens (NFTs) crypto-sponsorships and even fan tokens. To read about the use of blockchain technology in sports, read the article below: https://blog.ddkoin.com/2021/05/04/blockchain-technology-and-nft-may-become-the-future-of-sports/ For News Updates Join DDK forum: https://forums.ddkoin.com/ Visit DDK Website: https://ddkoinblockchain.com Join the DDK community Facebook: http://tiny.cc/45ci8y Twitter: http://bit.ly/2FrYQIT LinkedIn: http://tiny.cc/08ci8y Quora: http://tiny.cc/t9ci8y Telegram: http://tiny.cc/kadi8y Instagram: http://tiny.cc/vbdi8y
  19. The sports industry is one of the most booming industries around the world. Be it football, cricket, hockey or basketball, people are always passionate about sports. Whether it is playing the games or supporting a sports team, people go to the extremes with their enthusiasm. The COVID-19 pandemic has limited sports a lot. The experts in the industry are quickly thinking of new ways to keep the enthusiasts connected even in a world dominated by social distancing. How are they doing all this? Through Blockchain Technology, of course! To put it simply, it’s all about the revenue and fan experience. The industry needed to revolutionize the revenue streams and nothing could do it better than blockchain technology. The experts came up with non-fungible tokens (NFTs) crypto-sponsorships and even fan tokens. The crypto partnerships or sponsorships have been active since 2014 when BitPay, a US-based bitcoin payment processor signed a sponsorship deal with ESPN Events to promote Bitcoin. Then in 2018 CashBet became the Arsenal Football CLubs official blockchain partner and Litecoin became UFC 232 official crypto partner. In 2020, eToro partnered with Premier League teams to promote its crypto-trading service and in March 2021, Crypto.com partnered with Aston Martin Cognizant Formula One. These successful partnerships show the acceptance of cryptocurrency and blockchain technology in the sports industry. The partnerships mentioned here are between industry giants who have a great fan following and through these efforts, beneficial information about cryptos has spread among millions of sports enthusiasts around the world. When it comes to the uses of blockchain technology and cryptocurrencies in the sports industry, we’ll don’t fall short of pointers. Cryptos such as Bitcoin are being accepted as payment methods in the sports industry. Fans can purchase tickets and souvenirs using cryptos while benefiting from the low transaction fees. Examples include Harunustaspor, a Turkish football club, purchasing player Omar Faruk Kiroglu using Bitcoin and Payment companies allowing people to buy FIFA World Cup 2018 tickets using Bitcoin, Ethereum and Litecoin. Gibraltar United Football Club also paid a portion of its players’ salaries in cryptocurrency. Intelligent sports clubs have implemented blockchain technology to add transparency and security in the ticket exchange markets. In 2020, Lancashire Cricket collaborated with TIXnGO to develop a blockchain mobile tickets platform. It worked with SecuTix to create encrypted tickets for smartphones that were traceable and genuine. Interestingly, it’s not just payments in cryptos, the sports industry has also dived into Fan Tokens and crypto-collectables (NFT). NFTs are digital assets on the blockchain and are tangible and intangible items that can be stored in digital wallets. Unlike their fungible counterparts, NFT is not interchangeable and every NFT is a unique digital item. NFT can be used in the trading cards and collectables market. After all, it is a multi-million dollar industry that enables sports enthusiasts to immortalise sporting moments. What could be better than having these on the Blockchain and traded later on? NBA’s Top Shot is a blockchain-powered trading card system that offers NBA-licensed digital items. The company has already generated a staggering US$230 million in gross sales. Then there’s the blockchain-based fantasy football game called Sorare. It was made on the Ethereum blockchain and allowed players to buy and sell digital football cards. A lot has already been done in the sports industry using Blockchain technology and cryptocurrency, but this is still just scratching the surface of the plethora of uses this technology offers. We’ll see many new implementations in the future and people active in the crypto industry will definitely amass great profits. The post Blockchain Technology and NFT May Become The Future of Sports appeared first on DDK BLOGS. View the full article
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  21. Hi Everyone, Visa is working on getting its fair share in the booming cryptocurrency industry. It has already processed some crypto transactions and is eyeing to be a leader in the field. The 62-year old company is working with its subsidiaries and partners to make crypto transactions easy and widespread. Read more about it in the link below: https://blog.ddkoin.com/2021/04/16/visa-looking-to-make-its-mark-in-the-crypto-industry/ Stay tuned for more! Disclaimer: Please observe and adhere to your country rules governing digital assets and cryptocurrency at all times to avoid any legal consequences.
  22. It may make transaction processing easy for crypto investors/traders Recently Visa accepted its first virtual currency payment and people believe the 62-year-old company may be eyeing leadership in the prospering cryptocurrency industry. To reveal the precise details of the transaction in discussion, Visa processed the crypto transaction based on the Ethereum blockchain. If you don’t know about the Ethereum blockchain, you can understand it simply as the distributed accounting ledger technology that is similar to the technology powering Bitcoin. The crypto transaction under discussion was made possible thanks to the contribution of Hong Kong-based Crypto.com. The company is a Visa partner and issues prepaid cards that are backed by cryptocurrency. It was reported that the company sent Visa a USD Coin that is a USD-pegged virtual currency also known as USDC. Visa announced that it has also worked with Anchorage, the U.S.’s newest federally chartered banks and a Visa-backed cryptocurrency startup to accept the crypto transaction (payment). While it is a part of the pilot programme organized by Visa, the company aims at easing the crypto transactions by removing the conversion of cryptos to fiat currency for transaction processing. Bitcoin is an example of cryptocurrency and the US dollar is an example of fiat currency. Visa is currently aiming at expanding this feature to other members of its payments network in 2021. Earlier, VISA CEO Al Kelly said that the company was working on mechanisms allowing people to buy bitcoin and make payments through it using the Visa network. The crypto market is quite bullish these days and Visa is just one of the many payment companies looking to benefit from this imminent boom. We can say this because MasterCard Chairman Ajay Banga told Fortune that his company was also interested in Bitcoin. The same interest was visible in the younger businesses such as Square and PayPal. This is good news for people and businesses active in the crypto industry. It will bring cryptos to the mainstream and boost their usability exponentially. Another currency that is currently making micro transactions without the help of Visa and is fully decentralized is DDKoin. You can buy and sell products and services using the DDKoin using the DDK Merchant platform. Know more about DDK Merchant here: https://blog.ddkoin.com/2020/09/21/ddk-merchant-the-best-online-shopping-platform-in-covid-19-pandemic/ The post Visa Looking to Make its Mark in the Crypto Industry appeared first on DDK BLOGS. View the full article
  23. Hello DDK Stakeholders! The DDK Foundation wishes all its Muslim Stakeholders a happy and blessed Ramadan. Ramadan is the month of happiness, perseverance, and remembrance. Muslims observe fasts for the entire month to get closer to their Creator and other people in need. The Coronavirus waves haven’t stopped and people are still contacting the virus. This is why we urge the community to follow all SOPs and take a healthy diet to keep the immune system in optimal condition. Stay safe and keep supporting DDK Platform. Get Latest News Join our DDK forum: https://forums.ddkoin.com/ Visit DDK Website: http://tiny.cc/rddi8y Join the DDK community Blog: https://bit.ly/2VlT8zP Facebook: http://tiny.cc/45ci8y Twitter: http://bit.ly/2FrYQIT LinkedIn: http://tiny.cc/08ci8y Quora: http://tiny.cc/t9ci8y Telegram: http://tiny.cc/kadi8y Instagram: http://tiny.cc/vbdi8y Blog: http://tiny.cc/pgdi8y #Ramadan2021 #Covid19 #DDK #DDKPlatform #Fasting #Blessings
  24. Dear Users, With reference to our announcement dated 24th December 2020 (https://announcements.ddkoin.com/.../warning-letter.../...) regarding Smart Asset Managers (SAM) Wallet, please find our second warning letter to SAM Wallet’s Management concerning misinformation of DDK on their wallet. (letter attached) With this letter we hope that SAM Wallet’s Management will take the necessary needed action as soon as possible to avoid further speculations on the relationship between DDK and SAM Wallet. As repeatedly reminded we advise our potential and existing users to perform their own due diligence through research and understanding of the use of any site and services that have significance financial risks. This include performing your own due diligence before taking part in any of open market promotion especially those which are not aligned with the DDK official whitepaper and/or DDK official media channel. We highly appreciate your cooperation to follow the direction and information provided by DDKOIN official channel: Blog and announcements web-pages links: https://blog.ddkoinblockchain.com https://announcements.ddkoin.com/ For News Updates a. DDK forum: https://forums.ddkoin.com/ b. Facebook: http://tiny.cc/45ci8y c. Twitter: http://bit.ly/2FrYQIT d. LinkedIn: http://tiny.cc/08ci8y e. Quora: http://tiny.cc/t9ci8y f. Telegram: http://tiny.cc/kadi8y g. Instagram: http://tiny.cc/vbdi8y Thank you.
  25. Hello DDK Stakeholders, We have great news for you! Universal Horizon SDN BHD, a Consultation and Service Provider Company offering Blockchain Information and Financial Technology Solutions to DDK Foundation has launched its official website. You can view the Universal Horizon SDN BHD Website here: https://universalhorizon.io/ Through the services offered by Universal Horizon SDN BHD, the DDK Foundation can easily manage its other projects such as Mutant Blockchain Academy (MBA) and DDK Universal Relief Fund (DUREF). For News Updates Join DDK forum: https://forums.ddkoin.com/ Visit DDK Website: https://ddkoinblockchain.com Join the DDK community Facebook: http://tiny.cc/45ci8y Twitter: http://bit.ly/2FrYQIT LinkedIn: http://tiny.cc/08ci8y Quora: http://tiny.cc/t9ci8y Telegram: http://tiny.cc/kadi8y Instagram: http://tiny.cc/vbdi8y
  26. Hi Everyone, The paperwork for cross-border trade is lengthy and time consuming. There are so many things to worry about and so many approvals to gain from different government organizations. Thankfully this can all be improved with blockchain technology and Singapore and Australia are doing just that! According to reports Blockchain Powered Paperless Trade will soon be starting between Singapore and Australia. You can read more about it in our blog below: https://blog.ddkoin.com/2021/03/29/blockchain-powered-paperless-trade-to-start-between-singapore-and-australia/ Stay tuned for more! #technology #blockchain #crypto #ddkoin #cryptocurrency
  27. The paperwork for cross-border trade is quite a hassle. There are so many things that you have to do and so many aspects to worry about. What if it could all be paperless and you won’t have to worry about a thing. If you are an Aussie or a Singaporean, you might have some great news coming your way soon. According to reports, the customs and border protection agency of Australia also known as the Australian Border Force (ABF) are mulling over ways to simplify cross-border trade with Singapore. They plan on doing so using blockchain technology. For those who don’t know, Singapore and Australia have a Digital Economy Agreement (DEA) and under this agreement a blockchain trial was launched that was aimed at paperless trade. The move was made In collaboration with Singapore Customs and the Singapore Infocomm Media Development Authority (IMDA), to make it simple for trading businesses to digitally exchange trade documentation. This is a great advancement in the field of digital trading and something crypto trading is all about. This blockchain trial is designed to reduce the administration costs while at the same time to boost trade efficiency. According to experts, the blockchain will test digital verification platforms between both the IMDA’s TradeTrust platform and ABF’s intergovernmental ledger. The aim for this test will be for sharing electronic documents which will primarily include the certificates of origin. Speaking on this initiative, ABF Commissioner Michael Outram said, “This initiative will incorporate paperless trading and secure digital exchange of trade information as part of the future architecture and design of an Australian Trade Single Window.” There will also be good participation from the regulators and trading businesses to provide feedback on the process. After the trial is over the ABF will give comprehensive feedback on the lessons learned and offer those in a detailed report. All these activities will be done under the National Blockchain Roadmap that was carried out by the Department of Industry, Science, Energy and Resources, These are great initiatives to utilize Blockchain technology and we expect these to continue in the future. The post Blockchain Powered Paperless Trade To Start Between Singapore and Australia appeared first on DDK BLOGS. View the full article
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