Quantstamp (Security)
Quantstamp is the first scalable security-audit protocol designed to find vulnerabilities in Ethereum smart contracts.
In April, the test network was deployed following testing and validation. At this point, the system’s academic review has begun. In May, there will be the first Quantstamp hackathon, and work on smart contract insurance will begin in June. July will see a vote by token holders for the mainnet, and mainnet V1 will be released in August. In September, the team will begin working on the distributed SAT consensus and BFT for mainnet V2. In October, the alpha product of smart contract insurance will be added to mainnet smart contracts.
The need for a system like Quantstamp is something that many were not aware of until it was brought up, but this platform can make a significant difference. Security is indeed a current concern for smart contracts, and with the team and technology behind Quantstamp, this concern should quickly be reduced. With the incentives in place and the team’s experience, Quantstamp should prove effective at ensuring smart contracts are free from bugs.
UTRUST (Finance)
UTRUST is a revolutionary payment platform that empowers buyers to pay with cryptocurrencies while providing a groundbreaking purchase protection mechanism. Through the introduction of buyer protection, UTRUST are merging the safety of fiat currencies payment systems with the many advantages of Cryptos. This could be a huge step towards mainstream Cryptocurrency adoption & with the recent, announcing that it has teamed up with Germany’s biggest ecommerce solution, Gambio.
UTRUST CEO Nuno Correia described the deal as a “huge step”. Gambio provides shopping cart services for 25,000 merchant accounts in Germany, Europe’s largest economy and ecommerce market. Those merchants will all be able to offer their customers the option of paying in cryptocurrency.
According to UTRUST there are only 100,000 merchants globally who can currently accept cryptocurrency, so with this deal that number rises by 25%. For Correia, crypto companies must “focus on partnerships with real businesses, real customers, and real use-cases” if they are to make the leap into mainstream adoption.
OriginTrail (Blockchain Service)
Origintrail is a blockchain project that is aiming to disrupt the supply chain process. Its decentralized platform is designed to make supply chain processes transparent by allowing organizations to share supply chain data on the Origintrail platform. Through this, data is secured on the blockchain and the process of sharing data becomes synchronized, efficient, and automated.
Expectations for 2018 are high for the Origintrail project due to their highly ambitious roadmap. Both the testnet (June) and their decentralized network launch (Q3) are set for this year. Moreover, the team expects a maximum of 30 new projects, voted in by the Origintrail token holders, to launch on the decentralized network in 2018. The management of supply chains is about to change due to the power of blockchain technology, and Origintrail is a serious contender in making this happen.
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