Re: [ANN] ✨ OneLedger ✨ A Business Modularization Blockchain Protocol
You spoke, we listened. There are many changes taking place behind the scenes and we are reading all the feedback we have received. Feel free to fill out the form:
https://share.hsforms.com/1pkIRrqaZQ1KEy7x4ckS2yQ3dkay
Start expecting positive updates and changes leading up to the Kratos launch #staking $OLT
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We are happy to open our doors to the German community on Telegram. Let's continue our march towards global adoption 🚀
Telegram: https://t.me/OneLedgerGerman
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The design of #OneLedger is all about mitigating the connection issues to allow a safe gateway between the centralized and the decentralized world - Aly Kassam, Director of Product at OneLedger.
Happy Friday 🙂
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https://www.oneledger.io/blog/meet-george-connolly
Meet George Connolly, the OneLedger President.
The OneLedger team has onboarded a new President. Kindly welcome George Connolly.
With over 20 years of Senior Management and Executive experience in Management, Operations, Strategy, Contract Negotiations, Marketing, and Retail, George will spearhead the OneLedger growth in public and enterprise arena. As we move towards the launch of Kratos, our team is focussing on creating a sales channel and establishing business relationships with various organizations worldwide. George will play a key role in establishing these relationships and driving the company vision and expansion.
On his first day working as the OneLedger President, we asked him a few questions to introduce himself to the community.
Q) What makes you interested in blockchain?
The integrity it brings to financial transactions will change the corruption cycles across the globe. The speed and decentralization it brings to those transactions will promote faster, less expensive transactions that will result in developing markets closing the gap on already developed markets relative to global financial functionality. The inevitable reduction in fiat currency will bring more transparency, security and equity between global economies. This will all augur well for global business.
Q) Why did you join OneLedger?
A few years ago, I was selling software solutions to the financial and security industries. AML/KYC has always been at the forefront of a slow, expensive and centralized system that is still fraught with mistrust. We started looking at PKI and e-Citizen ID's to solve some of the problems. API's to manage the transactions and provide the assurance that was severely needed. Nothing delivered a comprehensive solution until the blockchain immutable ledger system of audit compliance was introduced. Ethereum EVM and Hyperledger's smart contract solution was groundbreaking and showed great promise. It was at that time that it was obvious that blockchain was the future. To date, we are still working on adoption and education, but now is the time for this evolution. The progress OneLedger has made with its unique adapter that makes it an agnostic tool is a game-changer with its relative ease of use (BaaS/PaaS) and acceptance. This is what excites me about OneLedger, and I am thrilled to join this team and embark on a game-changing mission.
Q) What are your plans for OneLedger as a company moving forward?
The future I see for OneLedger is one where it will be offering a complete blockchain solution to global markets. From identity management for individuals and companies with national digital wallets covering all AML/KYC protocols to supply chain and integrated financial systems, integrated medical records, cadastre systems, tax and central government modalities - all underpinned by the users choice of cryptocurrency.
Ledgerians, do you have more questions for George?
Feel free to ask him during the Telegram AMA on Thursday at 11am ET.
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Join us for a Telegram AMA on Thursday, July 9, 2020, at 11am ET.
Get your questions ready❓❓
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The Telegram AMA begins in less than 12 hours. Top 5 questions will receive 1500 $OLT each.
Get your questions ready❓❓
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Check out this article to learn more about projects working on innovative tech solutions in the blockchain industry 🙂
Blog: https://medium.com/@foleybizz/top-5-altcoins-with-real-use-cases-to-invest-in-2020-d48e576649ee
Retweet: https://twitter.com/OneLedgerTech/status/1281640812628107265?s=20
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https://www.oneledger.io/blog/oneledger-ama-recap
OneLedger AMA Recap
Hello Ledgerians,
We recently held an AMA. This was the first time our new appointed President, George Connolly joined us for an AMA along with our Director of Product, Aly Kassam.
This was by far one of the busiest AMA's we have had. The community had long conversations with our two team members and asked a lot of very knowledgable questions regarding the OneLedger project. After the AMA, we asked George and Aly about their AMA experience. In their own words:
George: "This was my first AMA experience and I absolutely loved it. I am very excited to begin my work at OneLedger and interact with the community more often. We have a very huge community and it is important for us to listen to their feedback and lead the company in the right direction. I look forward to many more AMA's in the future."
Aly: "Today's AMA was great. I love chatting with our community. We have an outstanding group of people who are so passionate about our project. It's amazing to see them ask us all these questions about what we are building."
Looks like our senior team really enjoyed the AMA. We would like to thank everyone who contributed to this AMA and those who support our project.
Lets give you a quick recap of the AMA:
Q) How do you plan to expand your user base and motivate users?
Aly: We will be making a significant push in sales and marketing under George's leadership. Our Strategy will now target multiple opportunities, both in the B2B and B2C markets.
Q) Does OneLedger have any Coin Burn / BuyBack system or any plans for Token Burn for increasing the value of Tokens & attracts Investors towards Stake for investments?
Aly: Yes definitely, coin burns will be happening in multiple ways. We have incorporated it in our Governance Proposals for failed proposals as well as if you refer to our Tokenomics paper. The team has done buybacks in the past and we will definitely do that in the future.
Q) Welcome to the family Mr. George Connolly. What is your vision for OneLedger in a year from now?
George: Good morning and thank you for the question. I worked with PwC a few years ago leading a blockchain team in the LAC, digital tokens and distributed ledger tech was our focus for commercial markets. At that time there was about 14% uptake, with another 53% of the enterprise markets only having an interest. This technology is the future, the plan is to create a DL enterprise business model that is supported by our digital tokens OLT platform, and our unique Lynx engine. Building an ecosystem is the only way the industry will get the regulatory and functional compliance to go mainstream.
Q) What is the most ambitious goal of the project? I would appreciate it if you could share with us any upcoming updates? What should the community look for?
Aly: Over the last month we have been investigating a very important project that proactively helps with pandemics and future viruses. We have been reaching out to incubators and government entities in Canada and abroad to kick start this project. The project will be an International Health Passport that identifies whether people have taken the necessary tests to travel and work in hospitals and care facilities. We are actively working towards a market solution and with George on board and his connections with Price Waterhouse Coopers (PwC) and other Big 5 consulting firms, we believe we can make a strong push for this solution in the coming months.
Q) How do you plan to explain such technical topics to a wider audience? How do you plan to show the world that your product is not just another useless blockchain solution to a non-existing problem?
Aly: I really like this question, because it has been the topic of mine and George's discussions over the last few days. We are approaching the market with 2 solutions, 1. Health Passport, 2. Supply Chain EDI and we are doing it through different mechanisms. Firstly with our own manpower through reviewing current RFPs and secondly we have been recruiting Business Development resources around the world, finally we are approaching the Big 5 consulting companies to help push our blockchain into the market through their ongoing projects and their resources.
Q) What do you think is the best approach to show enterprise why is OLT the right choice for them instead of competition?
Aly: OLT has a model where we will provide BaaS and PaaS. There are multiple applications for blockchain but we will ONLY focus on perfecting our applications for three. This will be in areas where we are seeing double-digit Compound Annual Growth Rate (CAGRs) or where the market has significant demand like the Healthcare industry & Manufacturing, Public Sector and Financial Services. We are very strong in all these areas and with excellent and more opportunities than we can satisfy immediately.
Q) As I can see George has no experience in crypto, how do you think you can make OneLedger great that it'll compete with the best crypto projects out there when in fact you don't have any experience in this field before?
George: I actually have worked with PwC Advisory services, giving direction to enterprise companies seeking to integrate blockchain into their operations. More than 50% of my work was helping Financial Service Co's understand what the blockchain platform more so than the digital token could do for their business.
Q) DeFi is one of the trendy subject matter in the blockchain space. Can you share your opinions and insights on DeFi with us? Do you think that DeFi will disrupt the existing financial system? What is $OLT approach towards the DeFi sector? We would love to see ONELEDGER on DeFi?
Aly: Yes DeFi is definitely a hot topic these days, we have an article that will be coming out in the next couple of weeks regarding this. But essentially we believe that DeFi will definitely be successful, as most of the conversations we have had with Exchanges and based on our own recent survey, 75% to 85% of all crypto investors are just holding their funds and not actively trading, which means that asset-backed loans and interest-based financial products will definitely work in this market. So that's why DeFi is making really hot strides right now. But we also believe that within DeFi there needs to be a universal payment application that allows users to spend their tokens as well.
Q) Given that OneLedger's main focus was interoperability, would OneLedger consider building a Dex (like Uniswap etc.) to showcase the OLT tech and generate some passive income? This piece of work can be outsourced without getting distracted from the current roadmap. Also, any plans on staking or have you reached out to any staking pool services?
Aly: Dex is definitely on the cards. OneLedger has the perfect platform to build something like this. We are evaluating the challenges with Dex currently. As far as staking is concerned, we will be releasing staking on Chronos soon for the community to test it. We are also proactively reaching out to staking pool providers. We will keep you updated, once we finalize things.
Q) What's the plan on marketing, we've been asking this question for long but no concrete answer, what can we expect from the team regarding marketing going forward?
Aly: There are many changes taking place under the new leadership, and you will definitely see that reflected in the coming weeks. We understand your frustration from the past, but now we have made several changes to positively impact our marketing initiatives. Eg: Just yesterday we had a call with one of the top universities in Canada to introduce a blockchain course built on OneLedger. Things are moving in the right direction, we just ask you to be a bit patient.
Q) There are many projects out there aiming to solve interoperability, in which some have failed, how is OneLedger different from them, and what is your success rate?
Aly: We have already solved interoperability and have shown the capabilities from the protocol, through our services layer and into our OneWallet application. The difference is we are true to cross-ledger capabilities, other blockchains interoperate with their own blockchain instances, while we interact with completely different blockchains. The other aspect is as I've explained above, interoperability is built throughout our architecture starting at the protocol level, which means any applications built above it can leverage interoperability as a service of the network. You can parallel this idea to what Android and iOS have done with their Maps Service, if you build an App on iOS and Android you can pull a map into the app just by calling a service, this is the same way app developers on the OneLedger platform can call interoperability through our SDK.
Q) What’s the main work of Blockchain technology in Financial services provided by OneLedger? What role Blockchain plays in OneLedger services?
George: A key area of focus for us in the FISERV market is smart contracts. This is a contract between two or more parties that can be programmed electronically and is executed automatically via its underlying blockchain in response to certain events encoded within the contract. Much like an AI-driven Letter of Credit.
Q) Many blockchain projects and companies focus on making very complex systems, say they will revolutionize society. Why OneLedger is revolutionary?
Aly: 100% agree with this statement. We spent the last 2 years doing exactly this, working on tech that is revolutionary and we solved interoperability. That's precisely why we are shifting our focus to Marketing and Sales. Our platform is now complete, and our focus will be solely on selling and integrating it into businesses. At the same time, we are always looking at new opportunities where our blockchain solution fits and we strongly believe that an International Health Passport will revolutionize the way people travel and aid in mitigating future pandemics.
Q) 1. OneLedger bridges blockchain infrastructure with businesses. What plan is OneLedger putting in place to have it's own traditional business to attract enterprises/businesses especially thriving SMEs and startups?
2. Products like ONS, OLPay, Kainos, Kratos and so on, please explain them in a layman language so that Ledgerians can capture details and potential use-cases?
Aly:
1. We already have a business entity set up in Canada and in Barbados. We are currently working on a POC for investment agreements for real estate, which will be a paid engagement. So yes we are already actively looking for and working on SME projects.
2. ONS: is now called Domain Management, which is our first step into identity management, Businesses and individuals are able to create their own Domains on our network.
OL Pay: This is a solution for payments that leverages interoperability for payments in any currency we support. OL Pay will help kick off eCommerce on the OneLedger platform.
Kainos: this is our first phase of our Mainnet, which is live right now.
Kratos: is the second phase our Mainnet, which includes Staking and Governance.
Q) How many OLT did team dump since 2018? Or still, all team members are holding ??
Aly: The team hasn’t dumped any tokens since 2018. In fact, the company has bought back many tokens since that time. We are confident in our project’s capability to succeed long-term.
Q) George Connolly, what do you think will be the biggest obstacles for OneLedger and how do you think you can help this project overcome those obstacles??
George: We are perfecting our product mix and aggressively going to market. The challenge is to build out a large enough team to do all things concurrently; deliver on projects, drive business development and support the existing ecosystem - thus the reason we are hiring and currently have Business Development Officers in China and Africa and the Americas.
Q) How many enterprises has OneLedger approached and which are the ones coming onboard cuz we can't have a product that no one is using?
Aly: On the Mainnet we have 2 charities currently joining our Mainnet, refer to our OL Pay post. I have already mentioned a paid engagement in an answer above, we are also actively pursuing opportunities currently, where our blockchain solution fits and we strongly believe that an International Health Passport will revolutionize the way people travel and aid in mitigating future pandemics.
Q) Global funds are accelerating to flow into China. China's market is the best market at present. What are the team's plans for the future?
George: The global markets driving blockchain right now are US/China/Australia/Japan/Hong Kong/India/UK - our intention is to develop a presence in all these markets, where we can continue to grow our business.
Q) Is there any business partner now who is preparing to integrate OneLedger blockchain system in their business? When will you announce them?
Aly: We have a technology partner in Adastra that is actively working to position OneLedger as the underpinning Blockchain for their Blockchain projects. Once we have a system going to production for any of our projects, we will publish a news article.
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🎉 Congratulations 🎉
The winners of the July 9, AMA are:
@krypto111214
@cryptoclar
@yomlad1
@BenilloVi
@jinatocr
Please take a screenshot of your OneWallet OLT address and submit the address to @sparmar9 to claim your rewards 🙂
Thank you to everyone who participated during the AMA 🙂
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https://www.oneledger.io/blog/oneledger-in-defi
OneLedger in DeFi
Overview
As Decentralized Finance (DeFi) has become a hot topic, there have been questions about how OneLedger’s products relate to this newly defined DeFi space.
What is DeFi?
Decentralized Finance is based around financial products that have been created on a blockchain network. Traditional financial instruments like savings accounts, loans, securities and their derivatives and even digital payments can all be attributed to DeFi when completed over a decentralized network.
Why is DeFi a hot topic today?
Primarily, due to the interest gained on lending products, with an ROI of up to 8%, DeFi lending surpasses any bond yield, with a similar rate of risk. In a recent survey taken by the OneLedger community, approximately 43% of all token holders are holding, and not trading 75% - 100% of their portfolio, another 46% of the survey takers said they hold 50% to 75% of their portfolio and only 11% actively trade 50% to 75% of their portfolio. If we took a weighted average across these tiers approximately 78% of all tokens are being held and not traded.
According to CMC’s Total Market Capitalization, on July 13 2020, the total digital currency marketcap is $274B+. This would mean approximately $200B worth of digital currency is not being traded and available for alternate DeFi products.
But is DeFi really Decentralized?
At the moment, Blockchain networks, digital currencies, and some wallets are totally decentralized, but applications have not caught up yet. The most popular exchanges are centralized, and yes companies are creating Decentralized Exchanges (DEX's), but they are still not the most prominent exchanges. For lending products, most are based on smart contracts, and the logic for the lending is decentralized, but you will always have to go through a centralized mediary, a company or a foundation, that owns the smart contracts and the application built on top of the smart contract. As we shift into this new era of DeFi, it is important to remember that although the logic is becoming decentralized, corporations will still have to exist to provide users with the applications that run on top.
What is OneLedger doing in this space?
For OneLedger, it is important to provide the tools required to generate new applications in DeFi. We have already built a Decentralized Proof of Stake protocol, which has the capability of sustaining itself. Staking in itself is a primary form of DeFi, it provides validators with the ability to lock their tokens and earns them interest on top.
Interoperability for DeFi
Interoperability is another tool that we have created. Our Lynx Engine provides developers with a way to extend our interoperability to multiple digital currency pairs. A DEX leverages those pairs to create swapping capabilities and move away from centralized exchanges. We are currently exploring partnerships, which will extend our network in this way.
Interoperability also enables our payments service, OL Pay. Based on our analysis, approximately 78% of all tokens are not being traded and are being saved, and we are providing them an avenue to spend digital currencies just like a legal tender. OL Pay has 3 components:
Interoperability to move digital currencies on to our network, which is completed and functional within the OneWallet
A payments widget for customer websites, which is being worked on
Marketplaces that accept digital currencies, which is being worked on
Interoperability for FinTech is another major area where our solution helps current banks adopt Blockchain technology. Currently banks trade lending assets, and have attempted to research blockchain technology to manage these assets, but have failed at cross-bank lending. The blockchain networks are private and will always be private for these institutions, which means they require a way to intercommunicate across these institutions. We came across a use case like this with the National Australia Bank (NAB). NAB was trying to connect assets off their balance sheet with a Singapore based bank and was failing at this very use case. Interoperability is key in solving this problem, and bringing institutions like NAB into DeFi.
Asset Management for DeFi
The OneWallet is a fully decentralized custodial wallet for all your digital assets. Using the HD Wallet capabilities, we ensured that we were providing the community with a tool where the only security needed is their 24 word passphrase. We have really gone the extra mile to ensure all of your assets are persisted only on the Blockchain and can only be leveraged through your 24 word passphrase. This is very important as we start scaling our network. Our next phase of Dapps will be integrated all through the OneWallet. So although the application that you’re dealing with may be centralized, the assets and the custody of the assets will be fully decentralized and controlled by you.
This capability then enables developers to create marketplaces where digital assets are traded but the custody is in the OneWallet, leveraged only through your 24 word passphrase, and the asset only lives on the blockchain. This is the exact implementation we used for our Domain Naming Service, which provides the full capability to Buy and Sell Domains. The same feature set can be used for future digital assets, whether they are loans, securities or any of their derivatives. We have also left this functionality open to other digital assets, such as purchase and investment agreements.
Identity Management and KYC/AML
Identity management has always been a hot topic in blockchain, and we believe it is still a very important topic when it comes to DeFi. The reason is, DeFi still needs to be regulated.
Currently governments charge Capital Gains Taxes on all securities in the form of income tax. The emergence of DEX's and other DeFi products will limit all government ability to charge income tax on capital gains or dividend income.
The way OneLedger has managed decentralized identity may be the key to solving this issue. By managing your identity through Domains, governments are one step closer to being able to tie your activity, gains and losses, back to your income.
OneLedger’s Domain Management ties an individual’s or a business’s identity on our network. By associating your domain or subdomain to a trading account or by associating it to a charity's donations account we are enabling government audits for those institutions that require it. We are working with exchanges to see if there is a possibility of incorporating Domains instead of addresses into their ecosystems, and DEX's built on the OneLedger platform can always leverage domains as well. As more applications are built on the OneLedger blockchain, we will promote the use of Domains over account addresses.
As the network grows, we will optionally introduce verified domains where Know Your Customer (KYC) is done for individuals and businesses. Verified domains will serve as a way for people to trust individuals and businesses on our network and as a tool for Anti-Money Laundering (AML), so that governments can conduct their audits freely. Domains and decentralized Identity won’t solve all the AML issues, but it's a step in the right direction to get DeFi regulated.
Final Thoughts
In the future, applications that service DeFi products will somewhat need to be centralized, because businesses will not completely cease to exist and no one developer can build an entire DeFi application. Several people must come together to ensure the working quality of a product, but the underlying assets and network can be decentralized and the custody of those assets can also be completely decentralized. At OneLedger, we are building the decentralized tools that DeFi applications can sit on top of and rely on our network to do the heavy lifting. We will partner and work with developers to build the next generation DeFi applications and provide an area for such marketplaces within our OneWallet, so that the crypto community has full access to these applications.
If you would like to learn more about OneLedger and it's applications, visit our website.
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We have just released a translated blog for our Chinese readers.
https://www.oneledger.io/blog/oneledger-%E4%B8%8E%E5%8E%BB%E4%B8%AD%E5%BF%83%E5%8C%96%E9%87%91%E8%9E%8D
OneLedger 与去中心化金融 (Chinese version)
概述
随着去中心化金融 (DeFi) 成为一个热门话题，OneLedger 的产品与这个新定义的 DeFi 领域之间的关系也备受关注。
DeFi 是什么?
DeFi 是在区块链网络上创建的金融产品。传统的金融工具，如储蓄账户、贷款、证券及其衍生品，甚至数字支付，在去中心化网络上部署后，都可以归属于 DeFi。
身份管理与实名认证 (KYC)/ 反洗钱 (AML)
身份管理一直是区块链领域的热门话题，我们认为，当涉及到 DeFi 时它仍然是一个非常重要的话题。因为在金融领域，数字身份会成为所有交易的基础验证。
OneLedger 去中心化管理身份可以帮助DeFi的发展往前迈进一大步，域名服务管理您的身份可以帮助合规和提供互信的交易。
OneLedger 的域名管理将个人或企业的身份与我们的网络联系在一起。通过将您的域名或子域名与交易账户相关联，或者将其与慈善机构的捐款账户相关联，我们可以为那些需要的机构提供合规和身份验证服务。我们正在与交易所合作，寻求将域名而不是地址纳入他们的生态系统的可能性，建立在 OneLedger 平台上的 DEX 也可以随时使用域名。随着更多的应用进入 OneLedger 区块链，我们将推广使用域名而不是账户地址。
随着网络的发展，我们将有选择地引入实名域名，对个人和企业进行实名认证。此实名域名将更好地让人们信任我们网络上的个人和企业，并作为反洗钱的工具，帮助企业的合规操作。域名和去中心化的身份认证并不能解决所有的反洗钱问题，但这是朝着让 DeFi 规范化的正确方向迈出的一步。
为什么 DeFi 会成为热点?
这一趋势的主要推动力是其相关借贷产品所带来的高额回报，在风险率相近的情况下，DeFi 借贷产品可带来高达 8% 的收益率, 超过任何债券。在 OneLedger 社区最近进行的一项调查中，约有 43% 的通证持有者表示其所持有的 75%-100% 的投资资产没有用于交易，另有 46% 的调查者表示这一百分比为 50%-75%，只有 11% 的人将其所持有的 50%-75% 的投资资产用于了交易。如果我们对这些层级进行加权平均，大约 78% 的通证都仅被持有而没有被交易。
DeFi 真的是去中心化的吗?
目前，区块链网络、数字资产和一些数字钱包是完全去中心化的，但应用层面还没有跟上。有些公司正在创建去中心化交易所（DEX），但是最流行的交易所依旧是中心化的。目前的借贷产品大多数都是基于智能合约，其逻辑是去中心化的，但需要通过一个中心化的中介机构，公司或基金会来提供智能合约和创建基于智能合约的应用。当我们迈入 DeFi 这个新时代时，虽然逻辑正在向去中心化发展，但公司仍将存在，并为用户提供终端应用。
OneLedger 在这个领域都做了什么?
对于 OneLedger 来说，我们很重视提供创建新 DeFi 应用所需的工具。我们已经建立了一个去中心化的权益证明 (Decentralized Proof of Stake) 协议，它可以维持其自身的运转。权益质押 (Staking) 本身就是 DeFi 的一种主要形式，它为验证者提供了锁仓并赚取利息的选项。
DeFi 与数字资产互通性
数字资产互通性是我们产品的另一个特点。我们的 Lynx 引擎为开发人员提供了一种将互通性扩展到多个数字资产对的方法。DEX 可以向这些货币对提供兑换功能，来帮助投资者摆脱中心化交易所。我们目前正在这个方向上探索合作伙伴关系来扩展我们的网络。
互通性也使我们的支付服务 OL Pay 成为可能。根据我们的分析，大约 78% 的通证没有被交易，仅被保存下来。我们提供了一个像消费法定货币一样消费数字资产的渠道。OL Pay 将有 3 个组成部分:
基于我们的数字资产互通性，利用 OneWallet 将目标数字资产转移到我们的网络中;
可植入客户网站的付款小组件;
接受数字资产的电商平台;
金融科技的互通性应用是我们的另一个主要领域，在这个方向上我们的解决方案可以帮助当前的银行采用区块链技术。目前银行普遍从事借贷资产的交易，并有部分试图研究利用区块链技术来管理这些资产，但这些尝试无法应用在跨银行借贷方面。区块链网络对于这些机构来说是长期私有的，这就意味着他们需要一种跨机构互通的方式。以澳大利亚国家银行（NAB）为例子，其试图将资产负债表外的资产与一家新加坡银行连接起来，但他们没有成功。互通性是解决这个问题的关键，是将 NAB 这样的机构纳入 DeFi 的渠道。
DeFi 与资产管理
OneWallet 是一个完全去中心化的保管钱包，可以保管您所有的数字资产。得益于其核心技术---分层确定性钱包，我们确保这个为社区提供的工具中唯一需要用户参与的安全设置是他们自己选择的 24 词口令。我们付出了相当的努力，以确保您的所有资产只在区块链上保存，并且只能通过您的 24 词口令进行操作。当我们开始扩大我们的网络规模时，这一点非常重要。我们下一阶段的去中心化应用 (Dapp) 将全部整合到 OneWallet 中。所以，虽然您所使用的应用可能是中心化的，但资产和资产的保管将完全是去中心化的，并只由您控制。
由此就可以让开发者创建托管在 OneWallet 中的数字资产交易平台，只能通过您的 24 词口令来操作，并且您的资产仅存储在区块链上。这正是我们域名服务的具体实现，它提供了购买和出售域名的功能。同样的功能集合可以用于未来的数字资产，无论是贷款、证券还是其任何衍生品。我们还将这一功能开放给了其他领域，如拟定购买和投资协议。
总结与展望
未来，服务于 DeFi 产品的应用在一定程度上是需要中心化的，因为企业不会消失，没有一个开发者可以构建整个 DeFi 应用。团队合作可以保证产品的质量，而底层资产和网络可以是去中心化的，这些资产的保管也可以完全去中心化。在 OneLedger，我们正在构建去中心化的工具，在此之上 DeFi 应用可以依靠我们的网络来完成重任。我们将与开发者合作，共同打造下一代 DeFi 应用，并在我们的 OneWallet 中为这种市场提供一个空间，来让加密货币社区充分使用这些应用。
如果您想了解更多关于 OneLedger 及其应用的信息，请访问我们的网站。
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https://www.youtube.com/watch?v=oz_Hnz32nh8&feature=youtu.be
Check out this video to see some exciting updates that are coming to the OneWallet.
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Download OneWallet now to explore all its unique features. It is available on the Google Chrome Web Store 🙂
https://chrome.google.com/webstore/detail/onewallet-kainos-mainnet/bbmdccojdbpcpmoadenplnoncfcijgkn
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Did you know?
Our Mainnet (Kainos) is available on the Google Cloud Platform.
Download now to test and support the OneLedger network.
https://console.cloud.google.com/marketplace/details/chronos-225820/oneledger-mainnet-kainos-node?q=oneledger%20kainos%20mainnet%20full%20node&id=089656f4-5edb-4c56-8628-9b1839f5b1ba
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Our team will be revealing the roadmap for the Post-Kratos launch on August 19, 2020.
Let's keep building and growing the OneLedger ecosystem 🚀
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Hello Ledgerians,
Here is the development update for Sprint 11, 12 and 13. Do give it a read, to find out what our Developers have been working on. Governance Proposals, Staking, Charity Dapps and lots more exciting stuff covered in this update.
https://www.oneledger.io/blog/development-update-20
Hello Ledgerians,
This Development Update consists of Release Notes from Sprint 11, 12 and 13. Please note, all the developments mentioned here are for the Chronos Testnet of the OneLedger blockchain.
During these sprints, we concentrated on completing all the Protocol Security Audit Bugs and being Feature Complete for the OneWallet 2.0.
Core Protocol
Governance Proposal Transactions
Validator Voting, Rejecting and Accepting Proposal Logic
Completed Validator Staking:
- The OneLedger Blockchain will assign a fixed number of Validators, the Validators that have staked the most amount will be eligible for Block Rewards. If a Validator is slashed and another node in the Validator list has more OLT staked, then they will automatically start receiving the Block Rewards
- Validator Staking requires a minimum of 3M OLT to be staked, but as stated above, you may have competition
Block Rewards (In Testing)
Block Rewards provides Validators with an incentive over the first 5 years to earn OLT to manage a node
Block Rewards Distribution (out of 25% total OLT supply) is as follows: 7%, 7%, 4%, 4% and 3% over the 5 year period. These rewards will be distributed amongst the Validators (*Conditions apply). For further details, read the Tokenomics paper.
OneWallet 2.3.0
Created new Dapp Framework using REACT under the OneWallet Ecosystem
Created Decentralized Signing infrastructure for Dapp Integrations, similar to Web3JS
Created the OneExplorer as the first OneWallet Dapp
Account History Paging
Cleanup Account History for Domain Transactions so that the values appear
OneExplorer - Domain Transparency
Account History now has Paging
OneExplorer Search bar can now Search for Domains and Subdomains
Update for Domain Management and Subdomains on the OneExplorer
View all Domain and Subdomain Transactions on the OneExplorer
Dapps
Governance Proposal Dapp
- Allows users to Create a Proposal and Vote for a Proposal on the OneLedger Blockchain
Validator Calculator
- As we are on the verge of Validator Staking, we have created a simple Dapp which shows the Revenue that can be earned over the next 5 years as a Validator
Charity Dapps
- Charities have been added to our Ecosystem, and we have created our first Charity Dapp which you can donate to, right from the OneWallet
In the next release, for the Protocol we will continue working on testing Block Rewards, Staking, Penalties and Delegation. For the OneWallet, we will be focussing on bug fixes for the Dapps and possibly rearranging some of the UI. For the OneExplorer, there are a few bug fixes with the Domain functionality we will look at. The majority of the work will go into the New Health Passport initiative the OneLedger team is working on, which includes a Mobile App for end-users and a Web interface for Healthcare and Border Patrol Agents.
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We are in the final stages of development for the much anticipated OneWallet update and the Validator Staking (on Chronos Testnet). We will release both these updates next week along with the necessary documentation for Validator staking.
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As we move closer to our Mainnet upgrade taking place on August 31st, 2020, it is important to understand how the OneLedger Tokenomics works.
Give it a read:
https://www.oneledger.io/hubfs/Website/Tokenomics/Tokenomics.pdf?hsLang=en
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https://twitter.com/OneLedgerTech/status/1288484389396062208?s=20
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https://www.oneledger.io/blog/oneledger-a-game-changer
OneLedger - A Game Changer!!
The blockchain journey started back in 2009 with the creation of the first cryptocurrency, Bitcoin. Since then, blockchain has come a long way and has grown as a solution that top businesses are now looking to integrate. Blockchain doesn't only power the many cryptocurrencies that we have today but, is fast becoming the foundation upon which many exciting applications are being built. There has been a steady shift from the public implementation of blockchains, primarily for cryptocurrencies, towards the private implementation of blockchain for business enterprises, embedded into decentralized applications. OneLedger is a blockchain protocol looking to help businesses take advantage of the decentralized solutions by providing customized business modules for enterprises based on their individual needs. At OneLedger, our primary focus is providing a seamless connection that allows a safe pathway between the centralized and the decentralized world.
What makes OneLedger so unique and truly a game-changer in this space?
There are many cryptocurrencies out there, but OneLedger's unique features make it a project that is advancing blockchain mass adoption. Before a new tech can start getting adopted by big tech companies and businesses, they must genuinely provide solutions to problems that are currently being faced. The way OneLedger differentiates itself from its competitors is that we provide a gateway to connect both the existing centralized applications to the decentralized platforms through the OneLedger protocol. A key differentiator is that we are not trying to sit over the other chains, but instead, we are interested in bridging the decentralized ecosystem with the existing centralized enterprise space. Our feature set, which includes programming interfaces, identity management, channels, business modules and master contracts were all designed to allow seamless integration for large enterprises.
Check out some of OneLedger's product features below and see how these products are positioned to solve some of the significant problems the world faces today.
Interoperability
Interoperability is an area where OneLedger excels more than other interoperable blockchains. Different chains' ability to communicate with each other has long been a topic of heated discussion in this space, with many projects trying to solve this particular issue with no breakthrough. OneLedger's interoperability is at the protocol level, which gives interoperability capabilities to any application built on top of the OneLedger network. This means that any app built on the OneLedger network doesn't need to know how interoperability works; it just needs to define which supported networks it wishes to operate with. The team is building a Lynx Engine, which can let people switch between different supported blockchains. So, when you build on the OneLedger network, you get Interoperability as a Service, and you do not need a third party to access this, which is unique in this space. Interoperability is also available within the OneWallet, which lets you manage all of your cryptocurrencies supported on the OneLedger network. You can transfer from one chain to another with ease and manage all your funds using a single wallet.
Identity Management
Identity management is one of the major problems that businesses and governments are facing today. It is increasingly becoming difficult to keep track of all the identities connected to and acting on a network. There is a need for enterprises to ensure that each entity receives the permission it needs to conduct businesses on its platform. Unauthorized access, duplicate access, limited or no validation of pre-requisites for access provisioning are some of the major issues in identity management these days. Tracking and verifying people's identity is becoming difficult and this is an area where OneLedger's blockchain platform provides a way out. By mapping the business identities to their domains, enterprises can increase trust and transparency with the several organizations they deal with.
Identity Management is a critical piece which is missing from the ever-growing blockchain ecosystem. Governments shy away from this technology due to the lack of transparency. By creating an identity piece, the Governments are further capable of adopting the blockchain technology.
Domain Naming Service
When it comes to sending funds between peers, the first thing that comes to mind is, PayPal and Payoneer. The reason is the ease with which funds could be sent on this platform. With just an email address of the receiver, funds could be sent and thus less prone to human errors. For a digital currency, this isn't the case. The receiver's wallet address is needed to send the funds, and this contains some long alphanumeric figures that are difficult to remember. OneLedger makes it extremely easy, even for a novice in the blockchain world to send and receive funds, with the use of easy to remember domain names, which serve as wallet addresses. Our Domain Naming Service also enables people to buy and sell their domains. The same feature set can be used for future digital assets, whether they are loans, securities or any of their derivatives. We have also left this functionality open to other digital assets, such as Purchase and Investment Agreements.
OL Pay
OL Pay, which means OneLedger Payment solution, is another user-friendly feature which is in process of being developed by the OneLedger team. Businesses can leverage OL Pay to accept payments on their website by just installing our widget. With OL Pay, businesses can receive payments in all the currencies supported by OneLedger's interoperable network. This product can also provide complete settlement to fiat for organizations that would like to provide additional payment options and not wish to hold cryptocurrencies. Our OL Pay solution will first be leveraged by charity organizations like "Project Give Back" and "Pathways to Education" who can start accepting donations in digital currencies. They can also convert these currencies into fiat as per their convenience. OL Pay is a payment solution that can be leveraged by any business that wants to extend it's services towards accepting cryptocurrencies in the future. We are also working with a settlement partner, VirgoCX, to ensure conversion to fiat takes place almost immediately.
Mass adoption of blockchain technology depends mainly on how useful the solutions it provides are, to businesses and governments, and not just on speculations. OneLedger is providing services and products that traditional companies and the government can leverage to improve their efficiency. There are innumerable possibilities where OneLedger solutions can be applied to such as FinTech, Supply Chain, Payments, Transport and a host of other sectors.
Enterprises looking to implement blockchain solutions can contact us through our website. We are happy to help!
https://share.hsforms.com/1pkIRrqaZQ1KEy7x4ckS2yQ3dkay
Start expecting positive updates and changes leading up to the Kratos launch #staking $OLT
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We are happy to open our doors to the German community on Telegram. Let's continue our march towards global adoption 🚀
Telegram: https://t.me/OneLedgerGerman
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The design of #OneLedger is all about mitigating the connection issues to allow a safe gateway between the centralized and the decentralized world - Aly Kassam, Director of Product at OneLedger.
Happy Friday 🙂
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https://www.oneledger.io/blog/meet-george-connolly
Meet George Connolly, the OneLedger President.
The OneLedger team has onboarded a new President. Kindly welcome George Connolly.
With over 20 years of Senior Management and Executive experience in Management, Operations, Strategy, Contract Negotiations, Marketing, and Retail, George will spearhead the OneLedger growth in public and enterprise arena. As we move towards the launch of Kratos, our team is focussing on creating a sales channel and establishing business relationships with various organizations worldwide. George will play a key role in establishing these relationships and driving the company vision and expansion.
On his first day working as the OneLedger President, we asked him a few questions to introduce himself to the community.
Q) What makes you interested in blockchain?
The integrity it brings to financial transactions will change the corruption cycles across the globe. The speed and decentralization it brings to those transactions will promote faster, less expensive transactions that will result in developing markets closing the gap on already developed markets relative to global financial functionality. The inevitable reduction in fiat currency will bring more transparency, security and equity between global economies. This will all augur well for global business.
Q) Why did you join OneLedger?
A few years ago, I was selling software solutions to the financial and security industries. AML/KYC has always been at the forefront of a slow, expensive and centralized system that is still fraught with mistrust. We started looking at PKI and e-Citizen ID's to solve some of the problems. API's to manage the transactions and provide the assurance that was severely needed. Nothing delivered a comprehensive solution until the blockchain immutable ledger system of audit compliance was introduced. Ethereum EVM and Hyperledger's smart contract solution was groundbreaking and showed great promise. It was at that time that it was obvious that blockchain was the future. To date, we are still working on adoption and education, but now is the time for this evolution. The progress OneLedger has made with its unique adapter that makes it an agnostic tool is a game-changer with its relative ease of use (BaaS/PaaS) and acceptance. This is what excites me about OneLedger, and I am thrilled to join this team and embark on a game-changing mission.
Q) What are your plans for OneLedger as a company moving forward?
The future I see for OneLedger is one where it will be offering a complete blockchain solution to global markets. From identity management for individuals and companies with national digital wallets covering all AML/KYC protocols to supply chain and integrated financial systems, integrated medical records, cadastre systems, tax and central government modalities - all underpinned by the users choice of cryptocurrency.
Ledgerians, do you have more questions for George?
Feel free to ask him during the Telegram AMA on Thursday at 11am ET.
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Join us for a Telegram AMA on Thursday, July 9, 2020, at 11am ET.
Get your questions ready❓❓
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The Telegram AMA begins in less than 12 hours. Top 5 questions will receive 1500 $OLT each.
Get your questions ready❓❓
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Check out this article to learn more about projects working on innovative tech solutions in the blockchain industry 🙂
Blog: https://medium.com/@foleybizz/top-5-altcoins-with-real-use-cases-to-invest-in-2020-d48e576649ee
Retweet: https://twitter.com/OneLedgerTech/status/1281640812628107265?s=20
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https://www.oneledger.io/blog/oneledger-ama-recap
OneLedger AMA Recap
Hello Ledgerians,
We recently held an AMA. This was the first time our new appointed President, George Connolly joined us for an AMA along with our Director of Product, Aly Kassam.
This was by far one of the busiest AMA's we have had. The community had long conversations with our two team members and asked a lot of very knowledgable questions regarding the OneLedger project. After the AMA, we asked George and Aly about their AMA experience. In their own words:
George: "This was my first AMA experience and I absolutely loved it. I am very excited to begin my work at OneLedger and interact with the community more often. We have a very huge community and it is important for us to listen to their feedback and lead the company in the right direction. I look forward to many more AMA's in the future."
Aly: "Today's AMA was great. I love chatting with our community. We have an outstanding group of people who are so passionate about our project. It's amazing to see them ask us all these questions about what we are building."
Looks like our senior team really enjoyed the AMA. We would like to thank everyone who contributed to this AMA and those who support our project.
Lets give you a quick recap of the AMA:
Q) How do you plan to expand your user base and motivate users?
Aly: We will be making a significant push in sales and marketing under George's leadership. Our Strategy will now target multiple opportunities, both in the B2B and B2C markets.
Q) Does OneLedger have any Coin Burn / BuyBack system or any plans for Token Burn for increasing the value of Tokens & attracts Investors towards Stake for investments?
Aly: Yes definitely, coin burns will be happening in multiple ways. We have incorporated it in our Governance Proposals for failed proposals as well as if you refer to our Tokenomics paper. The team has done buybacks in the past and we will definitely do that in the future.
Q) Welcome to the family Mr. George Connolly. What is your vision for OneLedger in a year from now?
George: Good morning and thank you for the question. I worked with PwC a few years ago leading a blockchain team in the LAC, digital tokens and distributed ledger tech was our focus for commercial markets. At that time there was about 14% uptake, with another 53% of the enterprise markets only having an interest. This technology is the future, the plan is to create a DL enterprise business model that is supported by our digital tokens OLT platform, and our unique Lynx engine. Building an ecosystem is the only way the industry will get the regulatory and functional compliance to go mainstream.
Q) What is the most ambitious goal of the project? I would appreciate it if you could share with us any upcoming updates? What should the community look for?
Aly: Over the last month we have been investigating a very important project that proactively helps with pandemics and future viruses. We have been reaching out to incubators and government entities in Canada and abroad to kick start this project. The project will be an International Health Passport that identifies whether people have taken the necessary tests to travel and work in hospitals and care facilities. We are actively working towards a market solution and with George on board and his connections with Price Waterhouse Coopers (PwC) and other Big 5 consulting firms, we believe we can make a strong push for this solution in the coming months.
Q) How do you plan to explain such technical topics to a wider audience? How do you plan to show the world that your product is not just another useless blockchain solution to a non-existing problem?
Aly: I really like this question, because it has been the topic of mine and George's discussions over the last few days. We are approaching the market with 2 solutions, 1. Health Passport, 2. Supply Chain EDI and we are doing it through different mechanisms. Firstly with our own manpower through reviewing current RFPs and secondly we have been recruiting Business Development resources around the world, finally we are approaching the Big 5 consulting companies to help push our blockchain into the market through their ongoing projects and their resources.
Q) What do you think is the best approach to show enterprise why is OLT the right choice for them instead of competition?
Aly: OLT has a model where we will provide BaaS and PaaS. There are multiple applications for blockchain but we will ONLY focus on perfecting our applications for three. This will be in areas where we are seeing double-digit Compound Annual Growth Rate (CAGRs) or where the market has significant demand like the Healthcare industry & Manufacturing, Public Sector and Financial Services. We are very strong in all these areas and with excellent and more opportunities than we can satisfy immediately.
Q) As I can see George has no experience in crypto, how do you think you can make OneLedger great that it'll compete with the best crypto projects out there when in fact you don't have any experience in this field before?
George: I actually have worked with PwC Advisory services, giving direction to enterprise companies seeking to integrate blockchain into their operations. More than 50% of my work was helping Financial Service Co's understand what the blockchain platform more so than the digital token could do for their business.
Q) DeFi is one of the trendy subject matter in the blockchain space. Can you share your opinions and insights on DeFi with us? Do you think that DeFi will disrupt the existing financial system? What is $OLT approach towards the DeFi sector? We would love to see ONELEDGER on DeFi?
Aly: Yes DeFi is definitely a hot topic these days, we have an article that will be coming out in the next couple of weeks regarding this. But essentially we believe that DeFi will definitely be successful, as most of the conversations we have had with Exchanges and based on our own recent survey, 75% to 85% of all crypto investors are just holding their funds and not actively trading, which means that asset-backed loans and interest-based financial products will definitely work in this market. So that's why DeFi is making really hot strides right now. But we also believe that within DeFi there needs to be a universal payment application that allows users to spend their tokens as well.
Q) Given that OneLedger's main focus was interoperability, would OneLedger consider building a Dex (like Uniswap etc.) to showcase the OLT tech and generate some passive income? This piece of work can be outsourced without getting distracted from the current roadmap. Also, any plans on staking or have you reached out to any staking pool services?
Aly: Dex is definitely on the cards. OneLedger has the perfect platform to build something like this. We are evaluating the challenges with Dex currently. As far as staking is concerned, we will be releasing staking on Chronos soon for the community to test it. We are also proactively reaching out to staking pool providers. We will keep you updated, once we finalize things.
Q) What's the plan on marketing, we've been asking this question for long but no concrete answer, what can we expect from the team regarding marketing going forward?
Aly: There are many changes taking place under the new leadership, and you will definitely see that reflected in the coming weeks. We understand your frustration from the past, but now we have made several changes to positively impact our marketing initiatives. Eg: Just yesterday we had a call with one of the top universities in Canada to introduce a blockchain course built on OneLedger. Things are moving in the right direction, we just ask you to be a bit patient.
Q) There are many projects out there aiming to solve interoperability, in which some have failed, how is OneLedger different from them, and what is your success rate?
Aly: We have already solved interoperability and have shown the capabilities from the protocol, through our services layer and into our OneWallet application. The difference is we are true to cross-ledger capabilities, other blockchains interoperate with their own blockchain instances, while we interact with completely different blockchains. The other aspect is as I've explained above, interoperability is built throughout our architecture starting at the protocol level, which means any applications built above it can leverage interoperability as a service of the network. You can parallel this idea to what Android and iOS have done with their Maps Service, if you build an App on iOS and Android you can pull a map into the app just by calling a service, this is the same way app developers on the OneLedger platform can call interoperability through our SDK.
Q) What’s the main work of Blockchain technology in Financial services provided by OneLedger? What role Blockchain plays in OneLedger services?
George: A key area of focus for us in the FISERV market is smart contracts. This is a contract between two or more parties that can be programmed electronically and is executed automatically via its underlying blockchain in response to certain events encoded within the contract. Much like an AI-driven Letter of Credit.
Q) Many blockchain projects and companies focus on making very complex systems, say they will revolutionize society. Why OneLedger is revolutionary?
Aly: 100% agree with this statement. We spent the last 2 years doing exactly this, working on tech that is revolutionary and we solved interoperability. That's precisely why we are shifting our focus to Marketing and Sales. Our platform is now complete, and our focus will be solely on selling and integrating it into businesses. At the same time, we are always looking at new opportunities where our blockchain solution fits and we strongly believe that an International Health Passport will revolutionize the way people travel and aid in mitigating future pandemics.
Q) 1. OneLedger bridges blockchain infrastructure with businesses. What plan is OneLedger putting in place to have it's own traditional business to attract enterprises/businesses especially thriving SMEs and startups?
2. Products like ONS, OLPay, Kainos, Kratos and so on, please explain them in a layman language so that Ledgerians can capture details and potential use-cases?
Aly:
1. We already have a business entity set up in Canada and in Barbados. We are currently working on a POC for investment agreements for real estate, which will be a paid engagement. So yes we are already actively looking for and working on SME projects.
2. ONS: is now called Domain Management, which is our first step into identity management, Businesses and individuals are able to create their own Domains on our network.
OL Pay: This is a solution for payments that leverages interoperability for payments in any currency we support. OL Pay will help kick off eCommerce on the OneLedger platform.
Kainos: this is our first phase of our Mainnet, which is live right now.
Kratos: is the second phase our Mainnet, which includes Staking and Governance.
Q) How many OLT did team dump since 2018? Or still, all team members are holding ??
Aly: The team hasn’t dumped any tokens since 2018. In fact, the company has bought back many tokens since that time. We are confident in our project’s capability to succeed long-term.
Q) George Connolly, what do you think will be the biggest obstacles for OneLedger and how do you think you can help this project overcome those obstacles??
George: We are perfecting our product mix and aggressively going to market. The challenge is to build out a large enough team to do all things concurrently; deliver on projects, drive business development and support the existing ecosystem - thus the reason we are hiring and currently have Business Development Officers in China and Africa and the Americas.
Q) How many enterprises has OneLedger approached and which are the ones coming onboard cuz we can't have a product that no one is using?
Aly: On the Mainnet we have 2 charities currently joining our Mainnet, refer to our OL Pay post. I have already mentioned a paid engagement in an answer above, we are also actively pursuing opportunities currently, where our blockchain solution fits and we strongly believe that an International Health Passport will revolutionize the way people travel and aid in mitigating future pandemics.
Q) Global funds are accelerating to flow into China. China's market is the best market at present. What are the team's plans for the future?
George: The global markets driving blockchain right now are US/China/Australia/Japan/Hong Kong/India/UK - our intention is to develop a presence in all these markets, where we can continue to grow our business.
Q) Is there any business partner now who is preparing to integrate OneLedger blockchain system in their business? When will you announce them?
Aly: We have a technology partner in Adastra that is actively working to position OneLedger as the underpinning Blockchain for their Blockchain projects. Once we have a system going to production for any of our projects, we will publish a news article.
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🎉 Congratulations 🎉
The winners of the July 9, AMA are:
@krypto111214
@cryptoclar
@yomlad1
@BenilloVi
@jinatocr
Please take a screenshot of your OneWallet OLT address and submit the address to @sparmar9 to claim your rewards 🙂
Thank you to everyone who participated during the AMA 🙂
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https://www.oneledger.io/blog/oneledger-in-defi
OneLedger in DeFi
Overview
As Decentralized Finance (DeFi) has become a hot topic, there have been questions about how OneLedger’s products relate to this newly defined DeFi space.
What is DeFi?
Decentralized Finance is based around financial products that have been created on a blockchain network. Traditional financial instruments like savings accounts, loans, securities and their derivatives and even digital payments can all be attributed to DeFi when completed over a decentralized network.
Why is DeFi a hot topic today?
Primarily, due to the interest gained on lending products, with an ROI of up to 8%, DeFi lending surpasses any bond yield, with a similar rate of risk. In a recent survey taken by the OneLedger community, approximately 43% of all token holders are holding, and not trading 75% - 100% of their portfolio, another 46% of the survey takers said they hold 50% to 75% of their portfolio and only 11% actively trade 50% to 75% of their portfolio. If we took a weighted average across these tiers approximately 78% of all tokens are being held and not traded.
According to CMC’s Total Market Capitalization, on July 13 2020, the total digital currency marketcap is $274B+. This would mean approximately $200B worth of digital currency is not being traded and available for alternate DeFi products.
But is DeFi really Decentralized?
At the moment, Blockchain networks, digital currencies, and some wallets are totally decentralized, but applications have not caught up yet. The most popular exchanges are centralized, and yes companies are creating Decentralized Exchanges (DEX's), but they are still not the most prominent exchanges. For lending products, most are based on smart contracts, and the logic for the lending is decentralized, but you will always have to go through a centralized mediary, a company or a foundation, that owns the smart contracts and the application built on top of the smart contract. As we shift into this new era of DeFi, it is important to remember that although the logic is becoming decentralized, corporations will still have to exist to provide users with the applications that run on top.
What is OneLedger doing in this space?
For OneLedger, it is important to provide the tools required to generate new applications in DeFi. We have already built a Decentralized Proof of Stake protocol, which has the capability of sustaining itself. Staking in itself is a primary form of DeFi, it provides validators with the ability to lock their tokens and earns them interest on top.
Interoperability for DeFi
Interoperability is another tool that we have created. Our Lynx Engine provides developers with a way to extend our interoperability to multiple digital currency pairs. A DEX leverages those pairs to create swapping capabilities and move away from centralized exchanges. We are currently exploring partnerships, which will extend our network in this way.
Interoperability also enables our payments service, OL Pay. Based on our analysis, approximately 78% of all tokens are not being traded and are being saved, and we are providing them an avenue to spend digital currencies just like a legal tender. OL Pay has 3 components:
Interoperability to move digital currencies on to our network, which is completed and functional within the OneWallet
A payments widget for customer websites, which is being worked on
Marketplaces that accept digital currencies, which is being worked on
Interoperability for FinTech is another major area where our solution helps current banks adopt Blockchain technology. Currently banks trade lending assets, and have attempted to research blockchain technology to manage these assets, but have failed at cross-bank lending. The blockchain networks are private and will always be private for these institutions, which means they require a way to intercommunicate across these institutions. We came across a use case like this with the National Australia Bank (NAB). NAB was trying to connect assets off their balance sheet with a Singapore based bank and was failing at this very use case. Interoperability is key in solving this problem, and bringing institutions like NAB into DeFi.
Asset Management for DeFi
The OneWallet is a fully decentralized custodial wallet for all your digital assets. Using the HD Wallet capabilities, we ensured that we were providing the community with a tool where the only security needed is their 24 word passphrase. We have really gone the extra mile to ensure all of your assets are persisted only on the Blockchain and can only be leveraged through your 24 word passphrase. This is very important as we start scaling our network. Our next phase of Dapps will be integrated all through the OneWallet. So although the application that you’re dealing with may be centralized, the assets and the custody of the assets will be fully decentralized and controlled by you.
This capability then enables developers to create marketplaces where digital assets are traded but the custody is in the OneWallet, leveraged only through your 24 word passphrase, and the asset only lives on the blockchain. This is the exact implementation we used for our Domain Naming Service, which provides the full capability to Buy and Sell Domains. The same feature set can be used for future digital assets, whether they are loans, securities or any of their derivatives. We have also left this functionality open to other digital assets, such as purchase and investment agreements.
Identity Management and KYC/AML
Identity management has always been a hot topic in blockchain, and we believe it is still a very important topic when it comes to DeFi. The reason is, DeFi still needs to be regulated.
Currently governments charge Capital Gains Taxes on all securities in the form of income tax. The emergence of DEX's and other DeFi products will limit all government ability to charge income tax on capital gains or dividend income.
The way OneLedger has managed decentralized identity may be the key to solving this issue. By managing your identity through Domains, governments are one step closer to being able to tie your activity, gains and losses, back to your income.
OneLedger’s Domain Management ties an individual’s or a business’s identity on our network. By associating your domain or subdomain to a trading account or by associating it to a charity's donations account we are enabling government audits for those institutions that require it. We are working with exchanges to see if there is a possibility of incorporating Domains instead of addresses into their ecosystems, and DEX's built on the OneLedger platform can always leverage domains as well. As more applications are built on the OneLedger blockchain, we will promote the use of Domains over account addresses.
As the network grows, we will optionally introduce verified domains where Know Your Customer (KYC) is done for individuals and businesses. Verified domains will serve as a way for people to trust individuals and businesses on our network and as a tool for Anti-Money Laundering (AML), so that governments can conduct their audits freely. Domains and decentralized Identity won’t solve all the AML issues, but it's a step in the right direction to get DeFi regulated.
Final Thoughts
In the future, applications that service DeFi products will somewhat need to be centralized, because businesses will not completely cease to exist and no one developer can build an entire DeFi application. Several people must come together to ensure the working quality of a product, but the underlying assets and network can be decentralized and the custody of those assets can also be completely decentralized. At OneLedger, we are building the decentralized tools that DeFi applications can sit on top of and rely on our network to do the heavy lifting. We will partner and work with developers to build the next generation DeFi applications and provide an area for such marketplaces within our OneWallet, so that the crypto community has full access to these applications.
If you would like to learn more about OneLedger and it's applications, visit our website.
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We have just released a translated blog for our Chinese readers.
https://www.oneledger.io/blog/oneledger-%E4%B8%8E%E5%8E%BB%E4%B8%AD%E5%BF%83%E5%8C%96%E9%87%91%E8%9E%8D
OneLedger 与去中心化金融 (Chinese version)
概述
随着去中心化金融 (DeFi) 成为一个热门话题，OneLedger 的产品与这个新定义的 DeFi 领域之间的关系也备受关注。
DeFi 是什么?
DeFi 是在区块链网络上创建的金融产品。传统的金融工具，如储蓄账户、贷款、证券及其衍生品，甚至数字支付，在去中心化网络上部署后，都可以归属于 DeFi。
身份管理与实名认证 (KYC)/ 反洗钱 (AML)
身份管理一直是区块链领域的热门话题，我们认为，当涉及到 DeFi 时它仍然是一个非常重要的话题。因为在金融领域，数字身份会成为所有交易的基础验证。
OneLedger 去中心化管理身份可以帮助DeFi的发展往前迈进一大步，域名服务管理您的身份可以帮助合规和提供互信的交易。
OneLedger 的域名管理将个人或企业的身份与我们的网络联系在一起。通过将您的域名或子域名与交易账户相关联，或者将其与慈善机构的捐款账户相关联，我们可以为那些需要的机构提供合规和身份验证服务。我们正在与交易所合作，寻求将域名而不是地址纳入他们的生态系统的可能性，建立在 OneLedger 平台上的 DEX 也可以随时使用域名。随着更多的应用进入 OneLedger 区块链，我们将推广使用域名而不是账户地址。
随着网络的发展，我们将有选择地引入实名域名，对个人和企业进行实名认证。此实名域名将更好地让人们信任我们网络上的个人和企业，并作为反洗钱的工具，帮助企业的合规操作。域名和去中心化的身份认证并不能解决所有的反洗钱问题，但这是朝着让 DeFi 规范化的正确方向迈出的一步。
为什么 DeFi 会成为热点?
这一趋势的主要推动力是其相关借贷产品所带来的高额回报，在风险率相近的情况下，DeFi 借贷产品可带来高达 8% 的收益率, 超过任何债券。在 OneLedger 社区最近进行的一项调查中，约有 43% 的通证持有者表示其所持有的 75%-100% 的投资资产没有用于交易，另有 46% 的调查者表示这一百分比为 50%-75%，只有 11% 的人将其所持有的 50%-75% 的投资资产用于了交易。如果我们对这些层级进行加权平均，大约 78% 的通证都仅被持有而没有被交易。
DeFi 真的是去中心化的吗?
目前，区块链网络、数字资产和一些数字钱包是完全去中心化的，但应用层面还没有跟上。有些公司正在创建去中心化交易所（DEX），但是最流行的交易所依旧是中心化的。目前的借贷产品大多数都是基于智能合约，其逻辑是去中心化的，但需要通过一个中心化的中介机构，公司或基金会来提供智能合约和创建基于智能合约的应用。当我们迈入 DeFi 这个新时代时，虽然逻辑正在向去中心化发展，但公司仍将存在，并为用户提供终端应用。
OneLedger 在这个领域都做了什么?
对于 OneLedger 来说，我们很重视提供创建新 DeFi 应用所需的工具。我们已经建立了一个去中心化的权益证明 (Decentralized Proof of Stake) 协议，它可以维持其自身的运转。权益质押 (Staking) 本身就是 DeFi 的一种主要形式，它为验证者提供了锁仓并赚取利息的选项。
DeFi 与数字资产互通性
数字资产互通性是我们产品的另一个特点。我们的 Lynx 引擎为开发人员提供了一种将互通性扩展到多个数字资产对的方法。DEX 可以向这些货币对提供兑换功能，来帮助投资者摆脱中心化交易所。我们目前正在这个方向上探索合作伙伴关系来扩展我们的网络。
互通性也使我们的支付服务 OL Pay 成为可能。根据我们的分析，大约 78% 的通证没有被交易，仅被保存下来。我们提供了一个像消费法定货币一样消费数字资产的渠道。OL Pay 将有 3 个组成部分:
基于我们的数字资产互通性，利用 OneWallet 将目标数字资产转移到我们的网络中;
可植入客户网站的付款小组件;
接受数字资产的电商平台;
金融科技的互通性应用是我们的另一个主要领域，在这个方向上我们的解决方案可以帮助当前的银行采用区块链技术。目前银行普遍从事借贷资产的交易，并有部分试图研究利用区块链技术来管理这些资产，但这些尝试无法应用在跨银行借贷方面。区块链网络对于这些机构来说是长期私有的，这就意味着他们需要一种跨机构互通的方式。以澳大利亚国家银行（NAB）为例子，其试图将资产负债表外的资产与一家新加坡银行连接起来，但他们没有成功。互通性是解决这个问题的关键，是将 NAB 这样的机构纳入 DeFi 的渠道。
DeFi 与资产管理
OneWallet 是一个完全去中心化的保管钱包，可以保管您所有的数字资产。得益于其核心技术---分层确定性钱包，我们确保这个为社区提供的工具中唯一需要用户参与的安全设置是他们自己选择的 24 词口令。我们付出了相当的努力，以确保您的所有资产只在区块链上保存，并且只能通过您的 24 词口令进行操作。当我们开始扩大我们的网络规模时，这一点非常重要。我们下一阶段的去中心化应用 (Dapp) 将全部整合到 OneWallet 中。所以，虽然您所使用的应用可能是中心化的，但资产和资产的保管将完全是去中心化的，并只由您控制。
由此就可以让开发者创建托管在 OneWallet 中的数字资产交易平台，只能通过您的 24 词口令来操作，并且您的资产仅存储在区块链上。这正是我们域名服务的具体实现，它提供了购买和出售域名的功能。同样的功能集合可以用于未来的数字资产，无论是贷款、证券还是其任何衍生品。我们还将这一功能开放给了其他领域，如拟定购买和投资协议。
总结与展望
未来，服务于 DeFi 产品的应用在一定程度上是需要中心化的，因为企业不会消失，没有一个开发者可以构建整个 DeFi 应用。团队合作可以保证产品的质量，而底层资产和网络可以是去中心化的，这些资产的保管也可以完全去中心化。在 OneLedger，我们正在构建去中心化的工具，在此之上 DeFi 应用可以依靠我们的网络来完成重任。我们将与开发者合作，共同打造下一代 DeFi 应用，并在我们的 OneWallet 中为这种市场提供一个空间，来让加密货币社区充分使用这些应用。
如果您想了解更多关于 OneLedger 及其应用的信息，请访问我们的网站。
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https://www.youtube.com/watch?v=oz_Hnz32nh8&feature=youtu.be
Check out this video to see some exciting updates that are coming to the OneWallet.
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Download OneWallet now to explore all its unique features. It is available on the Google Chrome Web Store 🙂
https://chrome.google.com/webstore/detail/onewallet-kainos-mainnet/bbmdccojdbpcpmoadenplnoncfcijgkn
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Did you know?
Our Mainnet (Kainos) is available on the Google Cloud Platform.
Download now to test and support the OneLedger network.
https://console.cloud.google.com/marketplace/details/chronos-225820/oneledger-mainnet-kainos-node?q=oneledger%20kainos%20mainnet%20full%20node&id=089656f4-5edb-4c56-8628-9b1839f5b1ba
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Our team will be revealing the roadmap for the Post-Kratos launch on August 19, 2020.
Let's keep building and growing the OneLedger ecosystem 🚀
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Hello Ledgerians,
Here is the development update for Sprint 11, 12 and 13. Do give it a read, to find out what our Developers have been working on. Governance Proposals, Staking, Charity Dapps and lots more exciting stuff covered in this update.
https://www.oneledger.io/blog/development-update-20
Hello Ledgerians,
This Development Update consists of Release Notes from Sprint 11, 12 and 13. Please note, all the developments mentioned here are for the Chronos Testnet of the OneLedger blockchain.
During these sprints, we concentrated on completing all the Protocol Security Audit Bugs and being Feature Complete for the OneWallet 2.0.
Core Protocol
Governance Proposal Transactions
Validator Voting, Rejecting and Accepting Proposal Logic
Completed Validator Staking:
- The OneLedger Blockchain will assign a fixed number of Validators, the Validators that have staked the most amount will be eligible for Block Rewards. If a Validator is slashed and another node in the Validator list has more OLT staked, then they will automatically start receiving the Block Rewards
- Validator Staking requires a minimum of 3M OLT to be staked, but as stated above, you may have competition
Block Rewards (In Testing)
Block Rewards provides Validators with an incentive over the first 5 years to earn OLT to manage a node
Block Rewards Distribution (out of 25% total OLT supply) is as follows: 7%, 7%, 4%, 4% and 3% over the 5 year period. These rewards will be distributed amongst the Validators (*Conditions apply). For further details, read the Tokenomics paper.
OneWallet 2.3.0
Created new Dapp Framework using REACT under the OneWallet Ecosystem
Created Decentralized Signing infrastructure for Dapp Integrations, similar to Web3JS
Created the OneExplorer as the first OneWallet Dapp
Account History Paging
Cleanup Account History for Domain Transactions so that the values appear
OneExplorer - Domain Transparency
Account History now has Paging
OneExplorer Search bar can now Search for Domains and Subdomains
Update for Domain Management and Subdomains on the OneExplorer
View all Domain and Subdomain Transactions on the OneExplorer
Dapps
Governance Proposal Dapp
- Allows users to Create a Proposal and Vote for a Proposal on the OneLedger Blockchain
Validator Calculator
- As we are on the verge of Validator Staking, we have created a simple Dapp which shows the Revenue that can be earned over the next 5 years as a Validator
Charity Dapps
- Charities have been added to our Ecosystem, and we have created our first Charity Dapp which you can donate to, right from the OneWallet
In the next release, for the Protocol we will continue working on testing Block Rewards, Staking, Penalties and Delegation. For the OneWallet, we will be focussing on bug fixes for the Dapps and possibly rearranging some of the UI. For the OneExplorer, there are a few bug fixes with the Domain functionality we will look at. The majority of the work will go into the New Health Passport initiative the OneLedger team is working on, which includes a Mobile App for end-users and a Web interface for Healthcare and Border Patrol Agents.
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We are in the final stages of development for the much anticipated OneWallet update and the Validator Staking (on Chronos Testnet). We will release both these updates next week along with the necessary documentation for Validator staking.
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As we move closer to our Mainnet upgrade taking place on August 31st, 2020, it is important to understand how the OneLedger Tokenomics works.
Give it a read:
https://www.oneledger.io/hubfs/Website/Tokenomics/Tokenomics.pdf?hsLang=en
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https://twitter.com/OneLedgerTech/status/1288484389396062208?s=20
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https://www.oneledger.io/blog/oneledger-a-game-changer
OneLedger - A Game Changer!!
The blockchain journey started back in 2009 with the creation of the first cryptocurrency, Bitcoin. Since then, blockchain has come a long way and has grown as a solution that top businesses are now looking to integrate. Blockchain doesn't only power the many cryptocurrencies that we have today but, is fast becoming the foundation upon which many exciting applications are being built. There has been a steady shift from the public implementation of blockchains, primarily for cryptocurrencies, towards the private implementation of blockchain for business enterprises, embedded into decentralized applications. OneLedger is a blockchain protocol looking to help businesses take advantage of the decentralized solutions by providing customized business modules for enterprises based on their individual needs. At OneLedger, our primary focus is providing a seamless connection that allows a safe pathway between the centralized and the decentralized world.
What makes OneLedger so unique and truly a game-changer in this space?
There are many cryptocurrencies out there, but OneLedger's unique features make it a project that is advancing blockchain mass adoption. Before a new tech can start getting adopted by big tech companies and businesses, they must genuinely provide solutions to problems that are currently being faced. The way OneLedger differentiates itself from its competitors is that we provide a gateway to connect both the existing centralized applications to the decentralized platforms through the OneLedger protocol. A key differentiator is that we are not trying to sit over the other chains, but instead, we are interested in bridging the decentralized ecosystem with the existing centralized enterprise space. Our feature set, which includes programming interfaces, identity management, channels, business modules and master contracts were all designed to allow seamless integration for large enterprises.
Check out some of OneLedger's product features below and see how these products are positioned to solve some of the significant problems the world faces today.
Interoperability
Interoperability is an area where OneLedger excels more than other interoperable blockchains. Different chains' ability to communicate with each other has long been a topic of heated discussion in this space, with many projects trying to solve this particular issue with no breakthrough. OneLedger's interoperability is at the protocol level, which gives interoperability capabilities to any application built on top of the OneLedger network. This means that any app built on the OneLedger network doesn't need to know how interoperability works; it just needs to define which supported networks it wishes to operate with. The team is building a Lynx Engine, which can let people switch between different supported blockchains. So, when you build on the OneLedger network, you get Interoperability as a Service, and you do not need a third party to access this, which is unique in this space. Interoperability is also available within the OneWallet, which lets you manage all of your cryptocurrencies supported on the OneLedger network. You can transfer from one chain to another with ease and manage all your funds using a single wallet.
Identity Management
Identity management is one of the major problems that businesses and governments are facing today. It is increasingly becoming difficult to keep track of all the identities connected to and acting on a network. There is a need for enterprises to ensure that each entity receives the permission it needs to conduct businesses on its platform. Unauthorized access, duplicate access, limited or no validation of pre-requisites for access provisioning are some of the major issues in identity management these days. Tracking and verifying people's identity is becoming difficult and this is an area where OneLedger's blockchain platform provides a way out. By mapping the business identities to their domains, enterprises can increase trust and transparency with the several organizations they deal with.
Identity Management is a critical piece which is missing from the ever-growing blockchain ecosystem. Governments shy away from this technology due to the lack of transparency. By creating an identity piece, the Governments are further capable of adopting the blockchain technology.
Domain Naming Service
When it comes to sending funds between peers, the first thing that comes to mind is, PayPal and Payoneer. The reason is the ease with which funds could be sent on this platform. With just an email address of the receiver, funds could be sent and thus less prone to human errors. For a digital currency, this isn't the case. The receiver's wallet address is needed to send the funds, and this contains some long alphanumeric figures that are difficult to remember. OneLedger makes it extremely easy, even for a novice in the blockchain world to send and receive funds, with the use of easy to remember domain names, which serve as wallet addresses. Our Domain Naming Service also enables people to buy and sell their domains. The same feature set can be used for future digital assets, whether they are loans, securities or any of their derivatives. We have also left this functionality open to other digital assets, such as Purchase and Investment Agreements.
OL Pay
OL Pay, which means OneLedger Payment solution, is another user-friendly feature which is in process of being developed by the OneLedger team. Businesses can leverage OL Pay to accept payments on their website by just installing our widget. With OL Pay, businesses can receive payments in all the currencies supported by OneLedger's interoperable network. This product can also provide complete settlement to fiat for organizations that would like to provide additional payment options and not wish to hold cryptocurrencies. Our OL Pay solution will first be leveraged by charity organizations like "Project Give Back" and "Pathways to Education" who can start accepting donations in digital currencies. They can also convert these currencies into fiat as per their convenience. OL Pay is a payment solution that can be leveraged by any business that wants to extend it's services towards accepting cryptocurrencies in the future. We are also working with a settlement partner, VirgoCX, to ensure conversion to fiat takes place almost immediately.
Mass adoption of blockchain technology depends mainly on how useful the solutions it provides are, to businesses and governments, and not just on speculations. OneLedger is providing services and products that traditional companies and the government can leverage to improve their efficiency. There are innumerable possibilities where OneLedger solutions can be applied to such as FinTech, Supply Chain, Payments, Transport and a host of other sectors.
Enterprises looking to implement blockchain solutions can contact us through our website. We are happy to help!