May 13, 2019
Fusion: Alprockz has selected Fusion’s protocol to accelerate adoption of its Swiss franc-backed stablecoin, Nvelop Holding selects Fusion to develop cross-border digital assets, Collaboration with Bankex to provide digital funding platform for SMEs, Listing on BitMax
Biweekly update 29th April — 13th May
May 2019 is set to be one of the most exciting months since Fusion launched back in February 2018! The team is anticipating new partnership announcements, exciting technology developments and huge amount exposure during New York Blockchain week. During these two weeks, the project attracted a lot of attention. The Foundation announced that it was chosen by Alprockz, a consortium of information technology developers and investors, to accelerate adoption of its Swiss Franc-backed Stablecoin, RKZ, and to facilitate financial system interoperability. By virtue of Fusion’s protocol, individuals who transact with RKZ can exchange value for any tokenized asset on and off the Fusion and ROCKZ blockchains, thus bridging the gap between traditional and digital economies. The possibilities are endless! Fusion Foundation and BANKEX, a fintech company developing a tokenization ecosystem, have entered into an agreement to bring a new set of collateralized digital assets to market. Fusion and BANKEX will work together with asset originators to tokenize their portfolio of loans, starting with commercial loans for SMEs and mezzanine loans for real estate investments, transforming them into a newly investable digital asset class. The Foundation also announced that it will begin working with UAE blockchain developer, Nvelop Holding, to digitize cross-border assets such as real estate, commodity mining revenues and other alternative investment opportunities. Through this partnership, the two parties are democratizing wealth creation by giving people new ways to access the economy. As for the upcoming events, DJ Qian will be presenting a talk at Digital Asset Summit on May 15th, 2019 in New York and Charles Poliacof, Strategic Advisor, will be moderating the “Do current trends in fintech point to digital asset adoption” panel. The project is a Proud Sponsor of Coindesk Consensus 2019. And last but not least — the Fusion Foundation is setting its clever developer community members a fun Developer challenge. Awesome prize is up for grabs! More to follow!
Development
Last commits on public GitHub were made on May 13th, 2019 in go-fusion repository.
See April Summary (from Fusion’s Newsletter):
- Partnerships: More Projects Set To Build on Fusion’s Protocol
- Technology: Major Technology Progress, Mainnet Coming Soon
- Product: CryptoLark x Fusion Interview
- Conferences: Fusion Gearing Up For Huge NYC Blockchain Week
Fusion Foundation Developer Challenge:
The Fusion Foundation is setting their clever Developer Community members a fun challenge! An exciting prize is up for grabs to the winner!
Challenge 1
Use Fusion’s open source code libraries to build a simple house rental application with nice UI screens. The purpose of this challenge is to showcase how Fusion enables easy digitized asset rentals on the blockchain.
Note: There is no need to use any real assets!
Challenge 2
Use Fusion’s open source code libraries to build a new Fusion wallet (including swap features) with some awesome looking screens!
The Prize
A ticket to Digital Asset Summit (DAS) valued at $949.00, and a dinner with the Fusion team in NYC!
There is one prize per challenge!
Link to Fusion’s Github libraries
Link to Fusion’s API repository
Please submit your work to — contentbounty@fusion.org
Contact a Fusion team member on Telegram (@YonaTak, @BitJoe) for further assistance, and join the Fusion Developer Community channel to brainstorm ideas.
Social encounters
- Build with Fusion: video.
Fusion has developed the perfect technology environment to build an innovative cost-saving solution for your business. Come build with us and join our Ecosystem of Economies.
Upcoming events:
- May 13th — 15th, 2019: Consensus 2019 — CoinDesk. Fusion is a Proud Sponsor of Consensus 2019.
- May 15th, 2019, New York: DAS, Digital Asset Summit. Fusion founder and CEO, DJ Qian will be presenting a talk on Digital Assets and the Internet of Value, and attending with the team as the Title Sponsor.
Charles Poliacof, Strategic Advisor, will be moderating the “Do current trends in fintech point to digital asset adoption” panel.
The only event during Blockchain Week designed for financial market professionals and investors, DAS will bring together hundreds of influential fund managers, banks, family offices, regulators, CIOs and blockchain innovators. The Summit is being convened at a critical time as real-world applications of blockchain are being adopted by a growing number of leading financial firms.
DAS attendees will hear from a curated blend of financial and blockchain industry leaders who together bring a balanced, pragmatic view of the developing blockchain and digital asset ecosystem. Attendees will be primarily buy-side and sell-side financial industry professionals interested in learning from and collaborating with other leaders in the space.
Blockchain technology innovator and Fusion Foundation CEO Dejun Qian will be delivering the keynote address, Digital Assets and the Internet of Value. Among the topics he will discuss:
- What is the Internet of Value, and how is it changing the way assets are being transacted?
- Why stablecoins hold so much promise, and how their adoption can be fast-tracked; and
- How digital assets can unlock trillions of dollars with innovative time-locking technology.
“I look forward to sharing Fusion’s insight on how we, as a community, can collaborate to fast-track blockchain adoption for institutional finance,” says Dejun Qian, CEO at Fusion Foundation and title sponsor of DAS. “We have an incredible opportunity to develop revolutionary financial solutions on the blockchain. The Digital Asset Summit is a great setting to discuss the possibilities and challenges that lie ahead as innovation in this space continues.”
The Digital Asset Summit, to be held at Cipriani 25 Broadway in New York City, will kick off with an invitation-only speaker dinner hosted by Fusion Foundation on May 14th.
- Fusion (FSN) event: Telegram Guest AMA — May 21st, 2019.
- Mainnet Release — June 30th, 2019.
Finance
There is a stable increase in the number of token-holders these weeks.
Fusion’s FSN token has been listed on BitMax.
Fusion Bug and Content Bounty:
The Fusion Foundation is rewarding community members for their contribution to improving the Fusion network and applications.
As an open-source project, the community plays an active role in the development and security of the project and Fusion is keen to provide an incentive in FSN tokens to activate community participation.
Fusion is also rewarding community members that assist in generating helpful and engaging content that supports the community to learn about and use Fusion applications. Approved content will be added to the Fusion Knowledge Center and shared across Fusion’s Social Channels.
Bug Bounty
Fusion has set up a submission form ‘ISSUE_TEMPLATE.md’ that has instructions on how to submit a bug. This form can be found in all of Fusion’s Github repositories. Bug hunters are encouraged to join the Fusion Developers Community Telegram channel to understand current issues that are being worked through and to discuss their contributions.
Content bounty
Please email contentbounty@fusion.org with an outline of your content creation proposal, include the content format, content topic, brief description and any other information you think is relevant.
After submitting a content proposal, please wait for approval from the Fusion team, they will respond directly to the same email address.
If approved, they encourage you to produce the content piece and submit it to the same email address (contentbounty@fusion.org). Upon review and approval, you can share it on your preferred channel.
For more information on on the bounty visit the Bounty page on Fusion’s website.
P-FSN Genesis Block Balances:
Check out your P-FSN balance in the attached Excel spreadsheet. Search (Command+F) for your public address, the corresponding number represents the quantity of P-FSN tokens that will be available to you in your Fusion PSN wallet.
Roadmap
From Fusion Whitepaper:
From Official Telegram group:
Rudy (@RkadSG, admin):
“No roadmap available yet, we are progressing with stagenet approximately December 10th 2018, then will launch mainnet according to the testing progress”.
Partnerships and team members
Fusion Foundation chosen by Alprockz to accelerate adoption of its Swiss Franc-backed Stablecoin:
New York, May 06th, 2019 — Fusion Foundation announced that Switzerland-based Alprockz has selected Fusion’s protocol to accelerate adoption of Alprockz’s Swiss franc-backed stablecoin, RKZ, and to facilitate financial system interoperability.
Alprockz is a consortium of information technology developers and investors that have created the ROCKZ blockchain platform and RKZ stablecoin. By virtue of Fusion’s protocol, individuals who transact with RKZ can exchange value for any tokenized asset on and off the Fusion and ROCKZ blockchains, thus bridging the gap between traditional and digital economies.
Issued last year, RKZ is the first and only legally enforceable cryptocurrency in the world, providing holders with full ownership over the collateralized assets. The RKZ stablecoin is backed by the Swiss franc (CHF) at a ratio of 1:1, with Alprockz storing 90% of reserve funds in CHF bank notes and another 10% in various Swiss banks to ensure RKZ’s liquidity. Issuing stablecoins backed by Swiss Francs is the first step in the Fusion partnership. In the coming months, the RKZ stablecoins will also be pegged to the Euro, US Dollar (USD), Pound Sterling (GBP), Singapore Dollar (SGD) and Yen (JPY).
AlpRockz is partnering with Fusion to expand the use of ROCKZ. AlpRockz will issue a new batch of Swiss franc backed RKZ stablecoins using Fusion’s native create asset API. What’s more, Fusion’s groundbreaking Distributed Control Rights Management (DCRM) functionality, creates a bridge between all RKZ stablecoins and the entire Fusion ecosystem. By integrating RKZ stablecoin with Fusion’s network of digital assets and technology features, users will be able to easily create new financial instruments, including loans and bank deposits or simply use RKZ as a trustworthy payment currency.
“As stablecoins become more mainstream among global banks and central banking authorities, security will remain top of mind,” said Dejun Qian, CEO and Founder of Fusion. “By partnering with Alprockz to extend their secure and fiat-backed stablecoin, we are taking a huge step forward in making the exchange of any type of digitized asset seamless and safe.”
The addition of RKZ stablecoins to the Fusion network will automatically unleash powerful foreign exchange hubs and enable the creation of derivatives. With $12.3B in assets already pledged to Fusion’s revolutionary network, any blockchain and centralized system can be connected, and thus increase adoption of stablecoins for real-world use.
Customers using the RKZ stablecoin for e-payments and asset management undergo an identification process with the same level of scrutiny Swiss banks require. This strict process enables users to conduct transactions with RKZ and enjoy the security of legal enforceability under Swiss law. Individuals can start using RKZ by opening a ROCKZ account, completing the identification process, and then sending Bitcoin, Ethereum or any Fiat currency to the ROCKZ platform. The stablecoin would then be issued in the currency specified and can be easily redeemed via bank transfer.
“Our mission is to bridge the gap between traditional and digital economies with the broad use of the RKZ stablecoins,” said Yassine Ben Hamida, Alprockz Founder and CEO. “As the most forward-looking blockchain developer for global finance, Fusion is the perfect technology partner to demonstrate to the world what is possible in this new digitized economy.”
Alprockz has made additional investments in developing and securing the ROCKZ platform by recently forming cooperation agreements with Swisscom and Wisekey, two companies that are already listed on the Swiss Exchange. In addition, Alprockz is collaborating with three Swiss banks to bring their mission to life. In H2 2019, ROCKZ registered users will be able to use debit cards in order to leverage and contribute to the mainstream adoption of digital assets.
About Alprockz AG
Alprockz AG is the Switzerland-based fintech holding company issuer of the ROCKZ blockchain and the RKZ stablecoin, bringing security and transparency to the cryptocurrency market. Unlike other cryptocurrencies, RKZ is fully backed by one of the strongest and most sustainable fiat currencies in the world, the Swiss Franc. RKZ is the first and only legally enforceable cryptocurrency in the world, providing its holders with full ownership over the collateralized assets. For more information about Alprockz AG, visit www.alprockz.io.
BANKEX, Fusion Foundation to Provide Digital Funding Platform for Small to Medium-Sized Enterprises (SMEs):
New York, May 7th, 2019 — Fusion Foundation and BANKEX, a fintech company developing a tokenization ecosystem, have entered into an agreement to bring a new set of collateralized digital assets to market, initially targeting small to medium-sized enterprises (SME) and commercial lenders.
New York-based BANKEX operates a blockchain platform that supports the digitization of assets, their tokenization, securitization and custody. BANKEX selected Fusion to ease the creation and control of digital assets between public and private blockchains and off-chain financial systems. Furthermore, Fusion’s groundbreaking Distributed Control Rights Management (DCRM) system enables users to create, configure and control assets across blockchains without surrendering private keys, making multi-token digital asset management simple and secure.
“We are excited about combining forces with BANKEX as they are a like-minded technology leader and have already begun digitizing and tokenizing assets using their innovative platform,” said Dejun Qian, CEO and Founder of Fusion Foundation. “Combining their platform with our powerful interoperability capabilities moves us both closer to our goals of ushering in a new era of global finance and banking.”
Fusion and BANKEX will work together to tokenize a variety of collateralized digital assets, starting with commercial loans for small-medium enterprises (SMEs) where there is a $1.2 trillion funding gap[1], and innovative real estate investments, such as mezzanine loans. With newfound transparency and efficiency available through blockchain platforms, both borrowers and lenders will be able to participate in exclusive financing opportunities. In particular, Fusion and BANKEX are collaborating with underserved asset originators to monetize their portfolio of loans, transforming them into a newly investable and accessible digital asset class.
“Combining BANKEX’s asset digitization and securitization platform with Fusion’s unique interoperability protocol enables us to jump-start the deal flow of millions of transactions in SME commercial loans and real estate mezzanine loans as early as this year, providing a much needed new financing option and potential source of capital to thousands of small business owners,” said Igor Kmel, BANKEX founder and CEO.
BANKEX and Fusion are in active discussions with several business owners interested in digitizing their assets, including mezzanine real estate and merchant loans.
About BANKEX
BANKEX is a global financial engineering company building decentralized capital markets infrastructure utilizing both public and private blockchains. This includes digitization of assets, their tokenization, securitization and enabling consequent marketing to private and public investors. BANKEX team is continuously developing a decentralized securitization framework that includes Proof-of-Asset (PoA) Protocol, industry-specific STO Frameworks, Asset Passport, Asset scan, Asset cash flow record system, Dividends Hub, Custody solution (Amazon AWS cloud based). On a mission to provide liquidity and capital market infrastructure to underbanked asset owners BANKEX connects security token issuers and crowdfunding platforms, brokers and institutional investors into a borderless financial market ecosystem, partnering leading blockchain companies, banks, security companies, exchanges, audit companies, ranking agencies and governments. For more, visit www.bankex.com.
Nvelop Holding Selects Fusion to Develop Cross-Border Digital Assets:
New York, May 08th, 2019 — Fusion Foundation announced that it will begin working with United Arab Emirates-based (UAE) blockchain developer, Nvelop Holding, to digitize cross-border assets such as real estate, commodity mining revenues and other alternative investment opportunities. Through this partnership, the two parties are democratizing wealth creation by giving people new ways to access the economy.
Nvelop is a blockchain-focused investment and development firm, founded in partnership with funds from Asia and the Middle East. Nvelop supports and invests in technology focused start-ups that are aiming to solve some of the toughest challenges in the conventional financial ecosystem by leveraging the new efficiencies of blockchain.
The coordination between Nvelop and Fusion is focused on the strategic development of cross-border digital assets, demonstrating the power of investments without physical constraints that blockchain enables. The partners will tokenize assets to create new investment efficiencies, transparency, and ultimately, advance the global reach enabled by blockchain and digital assets.
“We believe that the synergies between Nvelop and Fusion will be pivotal in the growth, development and maturity of the token economy that brings real value to the public,” said Daniel Lilischkies, CEO at Nvelop / Partner, Trill Ventures Group.
Leveraging Fusion’s ability to efficiently digitize assets with an extensive range of attributes and to customize value exchange with unprecedented interoperability, Nvelop can realize new opportunities across traditional industries such as real estate, mining and other alternative investments.
This partnership will connect traditional investments and processes with the new era of digital securities and blockchain-enabled value exchange. Furthermore, Fusion’s interoperable protocol will provide Nvelop with the connectivity necessary to foster a more diverse marketplace that includes digital assets and information.
“Nvelop’s goal is to bring niche asset classes into the digital world, providing both investors and asset owners with reach and efficiency not currently possible in the traditional financial industry,” Said Dejun Qian, Founder and CEO of Fusion. “The collaboration between Nvelop and Fusion empower participation from every industry and every geography in global finance.”
About Nvelop Holding
Nvelop is a UAE based blockchain focused investment and development firm founded in partnership of funds from Asia and the Middle East. Nvelop’s mission is to bridge the innovation gap across the region with specific focus in finance and blockchain. For this purpose, Nvelop supports and invests into technology focused start-ups that are set to solve some of the toughest challenges in the conventional financial ecosystem by leveraging blockchain.
Rumors
Twitter:
Reddit:
- @YonaTak (admin):
“Main net will go live after PSN, we are in the process of testing and improving the PSN network. I can’t attach a date to main net. We have a plan internally on when we think main net launch will happen but at this stage we are not ready to make any announcements or commitments”.
New video reviews:
Blockchain technology may have an impact across numerous industries but it is poised to change the way we think about Finance in the most profound way. The FUSION (FSN) protocol provides the infrastructure for the financial applications of the future that many businesses and institutions are looking to build.
FUSION (FSN) was founded by DJ Qian, before FUSION, DJ was responsible for the incubation of Vechain (VET) and QTUM. FUSION (FSN) has three key features that elevate it above other smart contract platforms targeting blockchain finance.
1. A feature-rich ecosystem for modeling time-based transactions relevant to many industries, starting with debt instruments, entertainment licensing, asset rentals and more.
2. A fully realized interoperability and distributed custody solution that connects different on-chain and off-chain ecosystems and serves as the foundation for decentralized exchange.
3. A team with deep traditional finance and technology experience focused on solving real-world use-cases in a flexible and adaptive way.
Is the Fusion Protocol and Blockchain the next big thing? The DeFi landscape is starting to take form, and Fusion is spearheading the development of it with their unique blockchain, crypto-financial smart contracts, and features only seen on Fusion. Does Ethereum have something to worry about? Tune in to find out!
00:08 Introduction: DeFI
00:46 Introducing Fusion: Changing Finance For Good
01:27 The General Fusion Architecture
01:37 Hierarchical Hybrid Consensus Mechanism (HHCM)
02:38 Distributed Control Rights Management System (DCRM)
03:20 Private Key Generation & Key Sharding
04:04 Fusion Lock In & Lock Out
05:05 Crypto Industries Top Researches Are Validating DCRM
05:20 Fusion Crypto-Financial Smart Contracts
06:49 Fusion Time-Lock Function
07:40 Fusion Payable Staged Network 2.0
07:57 Fusion Asset Enhancement & Creation
08:15 Fusion Quantum Swapping of Assets
09:04 Major Fusion Mass Adoption Real World Partnership: Automotive Exchange Platform
09:52 Conclusion
Other:
Introduction to Pre-Mainnet Fusion & PSN Staking Demystified by erny.
SMB Lending Tries On Asset Tokenization For Size on Pymnts.com.
Social media metrics
Fusion community continues to grow slowly. Social media dynamics shows that it remains virtually unchanged. There is a slight fluctuation in the number of subscribers of Fusion social media channels these weeks.
Twitter — Official announcements channel. Average number of retweets is 30–60 for one post.
Fusion Community Twitter: since October 19th, 2018. Not active since November 26th, 2018.
Fusion Announcements Telegram channel — Official announcements. About 2,5K followers.
FUSION Developers Announcements Telegram channel: Tech discussion.
Facebook (till May 2018) — Announcements, 10–15 likes, 1–2 shares.
Bitcointalk.org: since January 20th, 2018. Last post — on May 12th, 2019. Discussion on PSN, latest news, price, etc.
Fusion forum. Popular topics:
- [Guide] Setting up the TestNet on Linux (Ubuntu 16.04)
- Ronic
- Supreme Node, a little digging and some math
- Hi everyone and welcome!
- CONGRATS
- Price Prediction EOY
- Guardian of the Fusion temple
The graph above shows the dynamics of changes in the number of Fusion Facebook likes, Reddit subscribers and Twitter followers. The information is taken from Coingecko.com.
