PALM BEACH, Florida 8 August 2018 / PRNewswire / –
MarketNewsUpdates.com News Commentary
Blockchain technology is proving the growing strength to be reckoned with. Although currently synonymous with the financial industry and cryptocurrency, there are now endless uses for blockchain technology including transport, data sharing and storage, real estate, health care, games, mining, and more because blockchain can be applied to any industry that requires an absolute form of data and accessible to the public to confirm the actions. Blockchain's technology itself has emerged as a crucial piece of the puzzle for transactions and other sensitive operations in the digital age and this has led to worthy opportunities. Blockchain's most notorious major use continues to focus on Criptovaluta, with gigantic conglomerates dumping millions into research and development efforts to exploit technology in the rush to digital currency. Already a billion-dollar industry, the impulse is likely to continue as large corporations and industries adopt Blockchain platforms. Companies active today include: Social Reality, Inc. (NASDAQ: SRAX), Overstock .com, Inc. (NASDAQ: OSTK), Riot Blockchain, Inc. (NASDAQ: RIOT), Pareteum Corporation (NYSE: TEUM), Oracle Corporation (NYSE: ORCL).
Social Reality, Inc. (NASDAQ: SRAX) BREAKING NEWS:  Social Reality, Inc. (NASDAQ: SRAX) blockchain graph identification platform, BIG will enter the beta testing phase next month, and beta testers will have the unique opportunity to earn Bitcoins to participate.
The most active beta tester will be rewarded with five Bitcoins. The second most active beta tester will receive two Bitcoins and the third will be awarded a Bitcoin.
"The safety of beta testers is critical to the development of BIG," said Kristoffer Nelson COO of SRAX. "At this time, we believe that a unique, relevant and engaging way to demonstrate and validate the BIG platform is to reward our testers with Bitcoin during the Beta phase.We believe in the growing value of people's data and our goal is to empower consumers will be rewarded for what they share. "
The number of beta testers of BIG, the first consumer-powered data marketplace in which people will own, verify and sell access to their data, which will be eligible to compete for prizes will be limited to 10,000 users. Testers will be accepted in groups for a month and a half through a public waiting list. Whether they enter or not, each user will have enough time to interact with BIG and complete the actions. The more actions a user completes with BIG, the more points he earns. Actions include registering a free account with BIG, connecting your social accounts, responding to surveys, checking in places and more.
BIG beta testing will also offer a series of team challenges, where all members of a team must complete various actions within a specific time frame. While users are assessed individually, they can earn more points through team activities. The three users with the most points will be announced and crowned winners at the end of Beta, which is provisionally scheduled for on 31 December 2018 . The end date of the business will be announced by Social Reality at a later time.
"BIG will benefit everyone in the Internet ecosystem by improving online experience and starting next month with beta testers," added Nelson. "Opening BIG in Beta is a huge step forward towards our goal to build the first data platform that puts consumers at the heart of the transaction with complete awareness and control.We are on a mission to enable consumers to realize the value of their data and the Beta contest with the Bitcoin reward gives way to great things. " Read this and other news for SRAX at the address: http://www.marketnewsupdates.com/news/srax. html
In other industry news and developments:  Overstock.com, Inc . (NASDAQ: OSTK) the subsidiary tZERO, leader in blockchain innovation for capital markets, has announced that its security token offer has been closed to 11:59 PM (EDT) 6 August 2018 . There will be no further extensions. Investors with fully executed Simple Agreements of Future Equity (SAFE) have time until 5 PM (EDT) on Wednesday 8 August to transfer funds to tZERO. t0.com, Inc. ("tZERO") is a majority subsidiary of Overstock.com, focusing on the development and commercialization of financial technology (FinTech) based on decentralized and cryptographically protected registers, more commonly known as blockchain technologies. Since its inception, tZERO has pioneered the effort to bring greater efficiency and transparency to capital markets through the integration of blockchain technology.
Riot Blockchain, Inc. (NASDAQ: RIOT) recently announced the beta development of its own private Bitcoin mining pool. Mining pools are groups of miners who work as a team and contribute with their hashing power to the resolution of calculations that protect the blockchain. By pooling resources, miners increase the odds and consistency of receiving block premiums, which are the commissions collected as part of Bitcoin's "test-proof" security model. Bitcoin network protection is largely based on the distributed nature of mining power. As mining pools have become more popular, higher percentages of the global hash rate have become centrally managed. This centralization has created potential security problems within the Bitcoin community.
Pareteum Corporation (NYSE: TEUM), the rapidly growing company of Global Cloud Software, which offers award-winning mobile enabling solutions, today announced that a US mobile marketing technology company has signed a 3 years from $ 8 million to use the Sistema Global Defined Cloud (GSDC) software. Through the enabling software of Pareteum and the mobility platform, our new customer will facilitate mobile services for advertisers, companies and service providers. Hal Turner, Chairman Executive and Principal Executive Officer of Pareteum, said: "Pareteum continues to innovate by applying science and data modeling to our Super APIs Through our Cloud Enablement software and platform, we are providing analytics and insights, which are securely protected by blockchain technology for the benefit of our customers and their end users.
Oracle Corporation (NYSE: ORCL) recently introduced the standalone cloud blockchain service – Companies are looking to securely extend their Business Network and Accelerate Transactions Through the Partner Ecosystem However, most of the offers on the market are limited in their capabilities or too complex to create compelling solutions.Oracle offers an easier way to adopt blockchain and transform your company with the most complete, autonomous and enterprise-level management of the service sector cl oud blockchain. "Blockchain promises to be one of the most transformed technologies of our generation," said Amit Zavery executive vice president of Oracle Cloud Platform. "We are pleased to announce the availability of Oracle Blockchain Cloud Service, the result of years of research and development together with our valuable partners and customers. Thanks to the Oracle platform, companies can enhance their business, eliminate unnecessary processes and make transactions. with networks distributed more easily, transparently and securely than ever. "
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