Blockchain Worldwide Share Discussion Threads

[rettens] 31/1/2018 10:55

Interview with Rodger Sargent

hxxps://youtu.be/hUfHTj_Ou_g

Notice he mentions crypto exchanges which is the rumour that's been around. And it fits with Jon Hales's background.

The potential for a main market listed crypto exchange is huge.

[still waiting] 31/1/2018 10:53

as we get closer to a possible deal we should see a lot more interest me thinks.

[still waiting] 31/1/2018 10:14

yes, just waiting for tern to advertise blockchain security via device authority though, that could be interesting..

[supertag] 31/1/2018 10:12

Probably do better here than with Tern, SW!
Glad I sold some @26p a while back.
I have some bloc , so good luck
Supertag

[still waiting] 31/1/2018 09:48

ready to invest yet?

watching with interest.

[bckttsim] 31/1/2018 09:25

Interesting statement Any acquisition could now be substantially larger than the original size of deal contemplated when Stapleton floated.Big ideas, and they have several companies in mind !

[jungmana] 31/1/2018 07:48

Someone's gone in big :-)

[moneymunch] 31/1/2018 07:14

Lol, or the best thing since sliced bread.....£1.5m cash in the bank and only 36.5m shares in issue.....and a very large 1.05m buy reported late from Monday was 45k shares short of 3% declaration threshold. Gla ;-)

[moneymunch] 28/1/2018 18:37

With the doomsday clock inching two minutes closer to midnight and on the heels of an annus horibilis for risk, a technology that can sow the seeds of trust, reduce friction and pull stranded assets into the global economy on an unprecedented scale will help drive shared prosperity and resilience. The world will be well served by accelerating Blockchain’s adoption.

[jungmana] 27/1/2018 21:18

Yes on that day went from 7p to 16p but ended the day about 9p.Any good news and this will easily multibag.

[moneymunch] 27/1/2018 19:47

Financial Times

BlockchainTelecoms group up 125% on name change to Blockchain Worldwide

Stapleton Capital becomes latest group to ‘pivot’ to new tech

  

January 22, 2018 9:34 am by Nicholas Megaw

It may have been a rough start to the year for bitcoin, but the cryptocurrency’;s recent woes haven’t stopped some companies from trying to jump on the blockchain bandwagon.

British penny stock Stapleton Capital more than doubled in value on Monday morning after it changed its name to Blockchain Worldwide and said it would look to invest in businesses utilising the technology.

The company, which was established last year with a remit to purchase a telecoms business, said it had “identified a number of blockchain technology investment opportunities in recent months”.

It declined to give any details of specific opportunities on which it would focus its investment beyond areas “where the directors believe the technology has the potential to cause major disruption”.

Stapleton had initially aimed to spend around £2m to £3m acquiring a business, but the newly-renamed company today said “any acquisition could now be substantially larger than the original size of deal contemplated when Stapleton floated”.

Blockchain Worldwide’s move follows similar strategic shifts from companies across a range of industries. Most notably, soft drinks maker Long Island Iced Teasaw its shares shoot up as much as 500 per cent when it announced a “pivot” to blockchain shortly before Christmas.

Last week the newly-renamed Long Blockchain announced plans to buy Stater Blockchain, another recent convert to the technology world which was originally a financial broker.

Other groups to unexpectedly embrace decentralised ledger technology in recent months have included a cigar maker, a company that made parts for sports bras, and venerable photography group Kodak.

In its release announcing the strategy shift, Blockchain Worldwide said “blockchain is a digital networked database system of ledgers that can record almost any type of data or transaction”. Blockchain is the type of technology used to create such ledgers, but is not a single system.

Shares in Blockchain Worldwide rose as much as 125 per cent in early trading, and at publication time were up 74 per cent to 10p.

Jon Hale, Blockchain Worldwide chairman, said:

We have seen a number of very exciting blockchain opportunities in recent months and believe the underlying technology has the potential to disrupt many industries around the world.

This change in strategy, and name change to reflect this, could generate significant shareholder value if we are able to acquire on or more of these fascinating nascent technologies.

Mr Hale is used to ambitious bets, having spent most of his career working in the casino sector.

[rettens] 27/1/2018 14:06

lefrene,
It's a cash shell and they are looking to do an RTO
This is what Rodger Sargent does and he's had success in the past
We have no more information than that.
Buying this is a punt, based on director reputations and BB rumours.
If that doesn't appeal, come back after the RTO. You'll pay much more, but with less risk.

[moneymunch] 27/1/2018 13:30

A piece of the action in the blockchain revolution. Gl ;-)

[lefrene] 27/1/2018 13:07

Isn't this company really just some people placing bets with other peoples money? They don't appear to have a product of their own and until very recently were unnoticed until they changed their name to a more fashionable one. Are you buying investment expertise? What exactly are you buying here?

[moneymunch] 27/1/2018 12:14

In recent years blockchain’s true potential has begun to be realised, with sectors from finance to national security and ride-sharing services to KYC processes appreciating the benefits that the technology can bring. The mainstream gambling industry though has been slow to move on the technology, and most will be surprised to hear that even by 2013 over half of all bitcoin transactions were gambling related, and it’s estimated that since 2014 $4.5bn in bitcoin has been wagered. If these figures are a sign of things to come, will blockchain casinos, poker sites and prediction markets become tomorrow’s gambling industry leaders? Will large operators be forced to move to cryptocurrency based systems?



Blockchains are peer-to-peer distributed ledger systems that authenticate and validate across the network giving a permanent, immutable record of every transaction. This means that there is no need for a regulatory body or third-party intermediary; the system is transparent and trustless. While bitcoin grabs most headlines, and is far and away the most valuable cryptocurrency, of particular interest for many industries is the growth of Distributed Applications built on the Ethereum blockchain. Distributed Applications allow the creation of permanent records of interactions and the development of smart contracts; creating an immediately replicated, immutable record of an action that is then shared amongst the entire network, means that disputes fall and business interactions can become trustless. While there are still limitations, including speed and capacity (due to the need to record actions across the entire ledger), it’s the underlying principles of the Ethereum blockchain and the use of DApps, rather than the ether currency itself, that have proven of most interest in many industries, and this is where gambling is again seeing the most uptake.



Virtue Poker based on Ethereum uses smart contracts to hold funds in escrow until the player leaves the table – giving an immutable, verifiable point of entry and exit. The coins are never held by Virtue Poker and so there is no question of trust. Whilst at the table, each individual has a shuffle token which the game pools to ensure a provably fair poker system – there are no centralised servers involved that could sway the hands or create bias in the game, and no code that could be altered or hacked.

Similarly, quanta.im use smart contracts to transparently record and prove fairness in their lottery games; these cover the ticket sales, random number generation, winning tickets and prize pay outs. This process greatly reduces administrative costs and eradicates charge-backs and by doing so, they are able to redistribute a far higher percentage of revenue as winnings for players than a traditional lottery.

FunFair casino games have built a capability that overcomes the speed issues and ‘gas’ costs that arise when using Ethereum. Their “Fate Channels” take users off the blockchain while they are playing, and then re-verify at the end of the playing session – maintaining the immutability, but removing the time delays and costs that otherwise occur if constantly recording into the chain. FunFair recently raised $26m via their ICO (initial coin offering), so their Fate Channels solution seems to at least have traction with investors.

The above three examples are looking to disrupt established gambling formats, but a new use-case for blockchain is prediction markets. As previously written about, the Augur platform allows markets to be created on any event, and through the power of the crowd and market forces, an accurate prediction and value can be found. Again, players do not need to know or inherently trust the site, market creator, or other investors; the blockchain takes uncertainty out of the equation. Prediction markets are a use case that are specifically designed around the benefits DApps bring, and would otherwise struggle to exist outside of a blockchain setting.



While these companies provide examples of what’s possible, and the introductory stats seem impressive, the gambling industry as a whole is seen as being two or three years behind other sectors. In finance for example, the R3 banking consortium has 80 global banks as members and IBM is already building a blockchain technology that HSBC, Rabobank and 5 other global banks will use to facilitate international trade for small and medium sized enterprises. For gambling, publications are dedicating more column inches to the technology and conferences will have a session on the topic, but few if any major operators have yet committed themselves.



The potential blockchain holds though, means that staying aware of the technology is the least any large operator should do, and in fact it may now be the time to experiment and explore. By removing chargebacks, raising trust with customers, limiting fraud opportunities, lowering administrative costs, and offering completely new game-types, cryptocurrencies certainly have the potential to disrupt the gambling industry. It banks continue to invest and investigate the technology, and if cryptocurrencies are offered as a regular payment method, then the knock-on effect could impact many industries including our own. At that point, those who have not investigated and prepared could well see consumers flocking to safer sites offering higher returns.

[moneymunch] 27/1/2018 12:11

ps Bloc's Chairman is John Hale

John Hale is still the CFO at 32 Red where he's held that role for over 11 years, and so bags of experience in the gaming industry....very interesting!!! ;-)

[moneymunch] 27/1/2018 11:53

They can't hold back the tide John, the revolution is well underway. Gl ;-)

[johnwise] 27/1/2018 11:32

Time for gold to show its mettle against risky Bitcoin

[moneymunch] 27/1/2018 11:24

Certainly compelling ltinvestor and will be watching closely, and also increases my excitement here as we wait to see what Bloc comes up with.....£1.5m cash in the bank and only 36.5m shares in issue and a market cap of £3.38m....a potential multi-bag in a blink if there ever was one, imho. Gl ;-)

[ltinvestor] 27/1/2018 10:55

My research shows that the Cosmos token(Atom) when it lists end Feb/ March could really excite the market...

[moneymunch] 27/1/2018 10:48

ps ltinvestor, i wished i'd a bought a few Qtum tokens at the same time Kryptonite did...;-)))

Kryptonite 1 invested a total of GBP 18,951 for 72,200 Qtum tokens at a price
of GBP0.26 per token in March 2017. The Company has now disposed of 52,082 Qtum
tokens, at an average price of GBP 10.98 per token, for a total of GBP 574,356.

[ltinvestor] 27/1/2018 10:47

Mmunch.Check their investments in Cosmos, Polkadot and Rocketpool!!

[moneymunch] 27/1/2018 10:42

Cheers ltinvestor, i'll have a look. ;-)