Weekly Progress Update
17–23 September 2018
- Technical Updates
CrossPay App Development Updates
1. Front end mobile app coding for the serial number flow change is completed.
Instead of the serial number being generated by the app, the number will be printed on the NFC tag.
2. Design in review to categorize the documents uploaded in the app.
Currently, documents uploaded to the app are not categorized. To provide easier access to livestock documents, documents uploaded into the app will be categorized as Identity Documents, Vaccination Documents, Insurance Documents, Loan Documents, etc.
3. Whenever a new app version is published, user will receive an alert to update the app to latest version.
2. InfoCorp AgTech
On 24 August, InfoCorp AgTech announced plan to purchase 1% of the total supply of SENC (5 million SENC) from the open market after 15th September 2018 based on the average end-of-day ETH price of SENC from 1st to 10th September 2018 published in CoinGecko. The early purchase is in preparation for Sentinel Chain Launch in Q1–2019, carried out in view of the current low SENC value as well as the project being on track with regards to the roadmap.
The derived average closing price of SENC/ETH for the period from 1st to 10th September obtained from CoinGecko was 0.00004034.
The 5 million SENC tokens pre-purchase program has been completed with all the required 5 million SENC tokens bought at or below the average price. The tokens are being moved progressively from the exchange to a separate wallet for safekeeping.
3. PR, Marketing and Events
Events
Consensus Singapore 2018 was a success, and equally, we had a successful time sharing Sentinel Chain in panel on “Microcredit for cattle and distributed compute markets: Novel approaches to financial inclusion with blockchains”. We are grateful to the team at Consensus for recognising the work we are doing to make the world a better place with our business model, the world’s first platform to accept livestock as collateral.
Blockchain Pioneers Summit that followed right behind was another fun and successful event where Roy Lai, our CEO along with other thought leaders discussed “Driving Mass Adoption through Business Cases”.
In the News
Whilst at Consensus, our project caught the attention of CNBC’s Adrian Baschuk who interviewed Roy about its real world use case. It was aired live last night, 24 September on “Crypto Trader — The world’s first televised cryptocurrency show” which you may watch or rewatch by clicking on the link. Do comment and share forward.
Sentinel Chain is a blockchain-based international marketplace for cross-border financial services and the world’s first platform to accept the use of livestock as collateral. Taking a unique approach to the last mile problem of financial inclusion, the Sentinel Chain model establishes livestock provenance through the creation of livestock insurance on blockchain — the registration of livestock provenance on blockchain provides the unbanked with a new opportunity: the real possibility of accepting livestock as ‘collateral’ for loans. Sentinel Chain is a project by InfoCorp Technologies.
Website: https://sentinel-chain.org
Medium: https://medium.com/sentinelchain
Twitter: https://twitter.com/sentinelchain
Reddit: https://www.reddit.com/r/SentinelChain/
Facebook: https://www.facebook.com/SentinelChain/
LinkedIn: https://www.linkedin.com/company/sentinelchain/
Announcements: https://t.me/sentinel_ANN
Telegram: https://t.me/sentinelchain
