Copernicus Gold launched digital payments system linked to gold

One of my previous professional working experiences was in the financial advisory industry. While my professional training was in financial planning and advisory, I was also exposed to alternative investments in the financial industry that were of strong interest to me too, one of them was gold investments.

This area of gold investments, is probably not as well publicised nor well known to the public. It is not as widely and openly traded in the mass consumer markets versus at the institutional level. Nonetheless, I reckon there are a small group of consumers in the market who have invested in gold and there are more who wish to have started investing in gold investments.

Most recently, I received information on this new company Copernicus Gold setting up their headquarters office in Singapore. I was very interested to learn more about them, a combination of a traditional alternative investment product (gold) with modern technology using Blockchain.

In my article, I am sharing more about Copernicus Gold and their new digital payments system linked to gold. Please do your own due diligence, read up more about investing, alternative investing, gold investments before you start any form of investing in the financial markets.

I have started to read up more about them and what they do, they have a pretty good FAQ on their website for those who have queries in your mind on what they do and how they do it. Personally, I hope to learn more in-depth about them and share more articles on investing in gold, that is now more openly available and easier to do in Singapore.

If you like to know more about Copernicus Gold, check out the various Copernicus Gold links below to their website and social media channels:

Let me share with you more about their new digital payments system linked to gold from their press release information below:

Copernicus Gold offers a reliable global system for gold trade that is simple, of mass, and is cheap; solving, for the first time, Gresham’s Law which states that ‘bad money drives out good’.

For instance, if there are two forms of commodity money in circulation and both are accepted by law as having similar face value, the more valuable of the two will disappear from circulation. For example, from the 1920s to today, fiat currency drove out gold backed currency, simply because a few who could have wanted to own all the gold.

By developing formulae based on a strict mathematical statement of the necessary size of the company’s gold reserve, Copernicus Gold has determined and been granted a patent by the US Patent Office for an algorithm that forms the basis of a global payments system business model, linking a digital asset or currency to a reserve of a commodity such as gold. The algorithm ensures that the reserve of the commodity is at an optimal level to fulfil all incoming orders, as well as to issue, and maintain in reserve, sufficient amount of that commodity, in this case gold, and currencies based on several general requirements.

Professor Vladmir Nikolaevich Frolov, the founder of Copernicus Gold says, “The mathematical model, or algorithm, accounts for the market price of gold, the bullions’ weight and other conditions. This ensures that the amount held in reserve is satisfactory for operational continuity, plus avoids the emission of unreasonably large or insufficient amounts of electronic gold.”

As such, Copernicus Gold has launched a global payments system of digital gold, which is linked to a store of gold bullion in Singapore. The system operates as a cloud-based multi-currency platform that issues digital gold in any measure, enabling anyone, anywhere, to acquire, save or pay with digital gold.

PATENT ISSUED

Copernicus Gold has successfully lodged and been granted a patent for its mathematical model by the US Patent Office. The patent was granted for a “System and method for issuance of electronic currency substantiated by a reserve of assets”. The invention is classified as an electronic currency and particularly, a system for, and the means of, using currency issuance and circulation, where the value of the currency is backed by a material reserve.

GOLD RESERVES

To substantiate the issue of digital gold, Copernicus Gold stores gold bullion in a vault at Freeport in Singapore.

Significantly, the speed at which transactions are made – the faster the circulation of funds – means that less gold is needed for the financial system’s operation.

Rapidly transferring payments offline (into bank accounts) decreases the need for circulating funds, which means less gold is needed and that the risk of failure to pay is avoided. Critically, this also relaxes the requirements of reserves of the commodity, such as gold, or any other commodity, as transactions that occur online take far less time to complete than those of existing payment systems.

In this sense, Copernicus Gold offers a revolutionary system to overcome Gresham’s Law, by providing a currency system that circulates gold.

BLOCKCHAIN

To enable operations, Copernicus Gold uses cutting edge, proprietary private blockchain to hold a transaction and financial instrument ledger with a powerful API that enables secure, transparent and safe real-time transactions at the speed of several hundred transactions per second, with the potential for greater speed.

The transactions are safe because there is no single transaction core in the blockchain. Instead, each node can potentially participate in processing transactions, which protects the system more than any system with a centralised core. Moreover, the authors of the system imposed the strictest known operation reliability and stability requirements on the system.

The company also offers open API that can be integrated into existing transaction systems and will permit fully automated payment settlements in digital gold.

SINGAPORE

Copernicus Gold chose to headquarter its operations in Singapore, as it is one of the world’s strictest jurisdictions for financial trade. The company operates as Copernicus Gold Singapore Pte. Ltd. which is registered as a stored value facility.

The CEO for Copernicus Gold Singapore Pte Ltd, Sergei Vozchikov says, “Copernicus Gold do not offer physical gold in exchange for payment. We do not issue loans or work in speculative markets, nor place client money in any tools. Instead, our system allows for transactions with two types of assets: digital gold and digital currencies (at present USD, EURO, SGD). The digital currency is linked to the currency kept in our bank accounts and similarly, the digital gold is secured by gold bullions kept in a vault in Singapore Freeport.”

“Moreover, your money is secure,” he adds, as “Being based in Singapore, we are required to identify our customers and conduct a financial monitoring procedure in full compliance with the requirements of the supervisory authorities.”

Copernicus Gold is available on the web, or as an iOS application for iPad and iPhone as well as an Android application for tablets and smartphones. The app can operate on any GSM phone as the system uses USSD (Unstructured Supplementary Service Data) to issue authentication codes.

* Information courtesy of Copernicus Gold *

New areas of Tech interest: Big Data, Security, Backup

I have been writing and covering on a few areas of technology inside my personal website/blog here for a number of years. Initially, it was mainly on consumer technology products, however, over the years, I had started venturing into B2B/Enterprise technology coverage, mainly Internet of Things (IoT) in a few areas/brands such as The Next Wave and Trends (from Canon EXPO 2016 Shanghai)AXON by Greenwave Systems, Future Workplace with Dell and Journey to 5G with Singtel. It had been a very interesting technology adventure into the levels of B2B, thankful to those brands/companies who gave me the opportunities to connect, learn, cover and write about them.

Over the past year, I began to discover new areas of technology interest, while it is probably more applicable on a B2B level, it can also be applied at the B2C consumer level too. One of the areas was on big data and analysis, starting with this forum that I attended recently in June 2017 – “F1 Technology and the Impact on Healthcare“. The next few interest technology fields that came up on my radar, following this particular forum that I attended were data protection, cybersecurity and backup.

My tech coverage journey in these few areas were all related together, I was working on building a basic starter personal cloud storage solution for my photography business/photographs storage/digital marketing/social media/documents, I got a WD My Cloud 4TB a few months back too.

Next up was on data protection and backup, Acronis then came into the picture. I saw and read about them around 1-2 years back, initially I didn’t know too much about them. Coincidentally, I got to know about them more in details and what they are doing, most recently with the launch of the Acronis True Image 2018 that I discovered more about their products and services in the areas of data protection and backup.

I am going to work on an article on the Acronis True Image 2018 for my small business, for my photography business/photographs storage and also my other work on digital marketing/social media and also my documents storage. Do keep a lookout and I would update with a link here when it is completed!

During the recent 2017 Singapore GP, I also learned about the partnership between Acronis and Scuderia Torro Rosso Formula 1 Racing Team! They are the FIRST Singapore company to sponsor a F1 racing team! It’s not just about sponsorship, they are using Acronis technology in motorsports! Being a motorsports and F1 fan and also an technology enthusiast myself, it’s like an omen for me to use Acronis technology solutions!

It would be a dream come true, if I can cover more in depth and share on Acronis technology in motorsports! I can bring my camera gears to racing tracks and garages! Motorsports + technology + photography sounds like what I like to do!

Stay tuned, hopefully, I can share more on these areas of technology, big data, data protection, cybersecurity and data backup.

Oh yes, maybe more new areas such Blockchain, Bitcoin.

New LEGO Certified Store Opening at ION Orchard

Lego fans in Singapore alert! There is a new LEGO Certified Store (LCS) opening soon at ION Orchard! Many exciting things, events and promotions are taking place during their opening specials at the new LCS in Singapore, at ION Orchard!

For those Star Wars Lego fans like me, who are very excited about the Ultimate Collector Series (UCS) Millennium Falcon, that is launching on 1st October 2017, it’s time to visit LCS @ ION Orchard and check out more details on the largest LEGO set ever!

Fellow LEGO fans, let me share with you more information and details on LCS @ ION Orchard opening on 14th September 2017:

LEGO® Singapore and Bricks World are pleased to announce the opening of a new LEGO® Certified Store (LCS) in Singapore on 14th September 2017.  Located at ION Orchard #04-15, the store will be the largest in Singapore and will provide a complete LEGO experience via a Store Calendar of events and activities.

There are over S$28,000 of prizes to be won on the opening weekend via Sure Win Scratch Cards and Family Lucky Dips.

The LEGO® Certified Store at ION Orchard will be the seventh store to be managed by Bricks World in Singapore.

“The opening of this new store as a Flagship location further strengthens our presence in Singapore and supports our aim of providing more attractions on Orchard Road for Singaporeans and tourists alike,’ said George Papasolomontos, Managing Director, Bricks World.  ‘The space and set up in this store will allow customers to experience a more complete program of interactive LEGO activities, similar to that in the US and Europe, through the Bricks World LEGO Certified Store Calendar launched in July 2017’.
 
Creating a Record Attempt Challenge in Singapore!  In 2014, Associate Professor of Maths, Steven Miller from Williams College, Massachusetts, challenged his class to set a record by building a 3152 piece LEGO® Super Star Destroyer in 10 minutes or less. They spent weeks strategizing the best way to collaboratively build and managed to achieve a record of 10 minutes and 21 seconds.

The new LEGO® UCS Millennium Falcon, launching 1st October 2017, is more than twice that size at a challenging 7541 pieces – the largest LEGO set ever.

Bricks World is inviting schools, colleges, groups or teams of LEGO fans based in Singapore to try for their own record attempt in 2018.  Interested participants need to send a proposal to Bricks World (register@bricksworld.com) by 30th November 2017, teams appointed to take part in the record challenge will be notified by January 2018.

Additional Information:

LEGO® CERTIFIED STORE

LCS AT ION Orchard
2 Orchard Turn #04-15, Singapore
Official Opening: 14th-17th September 2017
Time: 10:30am to 9:30pm

OPENING SPECIALS

VIP Opening Event – 50 VIP Bricks World members will experience the store at an exclusive preview opening on 13th September 2017.  An invitation only event, the program will include special offers, an engraved Pick a Model London Guard (6194484), the opportunity to be the first to view and pre-order the new UCS Millenium Falcon (75192), an exclusive goody bag and the chance to own an exclusive LEGO branded Retail Store (41045) set.

Sure Win Scratch Card – Win over S$28,000 of prizes.  All consumers who spend $100 or more on any LEGO® products in a single receipt from 14th to 17th September will be entitled to a scratch card and stand a chance to instantly redeem many sure win prizes that include:
1 of 5 LEGO Ghostbusters™ Firehouse Headquarters (75827) sets
1 of 5 LEGO Disney Castle Sets (71040) sets
1 of 10 LEGO Winter Holiday Train (10254) sets
1 of 10 LEGO Chess 2017 (6175440) sets
1 of 102 LEGO Captain Jack Sparrow & Captain Salazar Brickheadz (41593+41594) sets
1 of 34 LEGO Shark Suit Guy Keychain (6178213)
1 of 100 LEGO Ninjago Bundle of 3 Minifigures (71019)
1 of 102 LEGO Classic Blue Creativity box (10706) sets
1 of 102 LEGO City Jungle Starter (60157) sets
1 of 102 LEGO Star Wars™ First Order Transporter Speeder Battle Packs (75166)
1 of 26 LEGO The Joker™ Battle Training polybags (30523)
1 of 102 LEGO Vampire and Bat (6137132) sets
1 of 80 LEGO Brick Calendar (6175435) sets
1 0f 80 LEGO Piggy Coin Banks (6112760)
1 0f 100 LEGO Keychain Hot Dog Guy (6139393)
1 of 40 LEGO Pencil Pot (6106640)

Redemption is limited to 1st 250 consumers each day. Terms and conditions apply.

LEGO Branded Retail Store (41045) – The first 50 customers each day to spend over S$150 are entitled to an exclusive miniature “LEGO® Branded Retail Store” (40145) set

Family Gift with Purchase Lucky Dip – make a purchase in-store, and children up to 16 years old can take part in the Lucky Dip to receive a small gift. One redemption per child.

Exclusive Opening Offers – get up to 50% off a variety of products.  Exclusive Opening Offers only during the opening period.

Mascot Appearances – Come say hi and snap a picture with life-sized costume characters: Lloyd, Master Wu and Nya  14th September 10am, 15-16th September 7pm, 17th September 12pm.  Kai mascot appearances 16/17th September 1pm and 4pm

Terms & Conditions apply to the above offers

* Information courtesy of LEGO Singapore and Bricks World *

Acronis True Image 2018

The business world today for working professionals today, the leisure/internet/social media world today for the rest of us, everyone of us are living in a more highly connected with internet and social media era. The number of users on the internet, social media platforms, social media apps and blogging, whether for work or leisure, they are huge and it will only get bigger and wider.

With the vast numbers of people using the internet and social media and this number will only get bigger, this poses a risk for the internet and social media, security and privacy. Cybersecurity (for your works, documents and data) is now an even more important and crucial area that requires immediate attention and action for businesses and also for individuals nowadays. The dangers of ransomware is getting more prevalent recently, anybody and everybody using the internet and social media is a target.

Running a small photography business (with home office as my administrative/back end work base while doing my assignments/projects/works outside), as well as being a social media enthusiast, doing some digital marketing work, an Information Technology (IT) enthusiast, cybersecurity has moved up the ladder on my topics that I am covering and writing more (my other tech interest topics are IoT, 5G networks, IT trends, fin-tech).

Let me tell you a true story, my own personal story on my journey in building up my data protection and backup system for my small photography business + social media + digital marketing + data protection workflow, it took me a bit longer than expected (1 year+), partially procrastinating, partially not knowing where/how to look for and start. My friend HP from Hpility SG (where I currently have a working partnership with him and his blog-portal) introduced me to Acronis, I shared my requirements on what I needed and he mentioned to me their Acronis True Image suits what I need and want for my current setup.

Thereafter, I knew more about Acronis and their Acronis True Image backup software program. I am setting up my Acronis True Image 2018 and I hope to share my stories, experiences in the Acronis True Image 2018 setup with my own personal cloud storage.

Today I am going to share more information and details on the Acronis True Image 2018, for those planning to find a backup and data protection software program for themselves on an individual basis or home office basis:

Press Release – 28th August 2017

Acronis, a global leader in hybrid cloud data protection for business and consumers, today introduced Acronis True Image 2018. The new release includes major updates the program’s backup and recovery capabilities, and is the first personal backup software to incorporate artificial intelligence-based technology designed to actively protect data against ransomware.

“As the first company to offer full image backup for consumers, Acronis pioneered intelligent backup for home use,” said Serguei Beloussov, co-founder, and CEO of Acronis. “Acronis True Image 2018 continues that tradition as the first and only personal backup software that uses artificial intelligence to defend consumers against one of the fastest growing threats to their data.”

By combining the company’s artificial intelligence (AI) based ransomware defense, called Acronis Active Protection™, with a new generation of enhanced backup and recovery capabilities such as active disk cloning and automated WinPE boot media creation, Acronis True Image 2018 represents a new standard of “intelligent backup” for individuals, families and small businesses.

Reliable backup and recovery

During a survey of Acronis customers during July 2017, 95 percent of respondents said they choose and recommend Acronis True Image because the backups are so reliable. The 2018 release improves on those core backup and recovery capabilities even more, with enhancements such as:

  • Active disk cloning: Users can create an exact replica of an active Windows system without stopping and restarting using bootable media, making migration to a faster or larger disk even easier.
  • An updated media builder: Automatically creates boot media for a WinPE environment, so users can quickly resolve driver configuration issues and recover their systems to the same or new hardware.
  • Continuous backup to the cloud: Users can update their backups as they work on files while securely storing an off-site version in the cloud.
  • Virtual drive conversion: Users can test the recoverability of the full image backups, or run their system in a Hyper-V virtual environment to test various applications without risking the primary system, and move complete system image as a virtual drive to another computer.
  • Faster incremental backups: Up to three-times faster with new Changed-Block Tracker technology that tracks image changes in real time.
  • Automatic mobile backup to NAS devices: More than a quarter of Acronis users have network-attached storage (NAS) at home. Now they don’t have to think about backing up a mobile device, since the process starts as soon as the mobile device connects to the same Wi-Fi as the NAS.

Acronis True Image 2018 also addresses the needs of the next generation of users by expanding its support for social media with automatic backups of Instagram accounts, including photos, comments and statistics, such as the number of likes, tags or comments a post gets.

Easy control

A new visual interface addresses the preferences of 83% of Acronis customers who reported that they want more information and insights into their backups. Graphically displaying backup activity and statistics, it allows users to manage their backups at a glance – including how much data they have stored, the types of files in storage, and the status of backups.

Secure data protection

The ability to restore a system or individual files is critical following a ransomware attack. Acronis True Image 2018 not only makes recovery automatic, it takes the initial protection a step further by preventing ransomware from corrupting a user’s data in the first place.

Using machine learning models, Acronis Active Protection recognizes unusual patterns of file access. These models are generated in Acronis’ dedicated Cloud AI infrastructure, which processes data from hundreds of thousands of malicious and legitimate processes to build those models. Those models are incorporated directly into Acronis Active Protection, allowing Acronis True Image 2018 to protect a system’s data independently, without the need for an internet connection.

When Active Protection detects unusual activity, it checks the process using both heuristics analysis as well as those models of expected and unexpected behavior. If the process is identified as potentially malicious, Acronis True Image 2018 alerts the user of the suspicious activity.

With real-time monitoring, Acronis Active Protection verifies all processes so approved activities are allowed to run, while potentially dangerous behavior is detected and stopped. Then, if any files are encrypted during a ransomware attack, Acronis True Image 2018 automatically restores those files from backup.

While cybercriminals increasingly target backup files to keep users from restoring their system without paying the ransom, Acronis’ technology specifically defends backup files as well as the original data. Ransomware damages are expected to top $5 billion this year, and Acronis’ unique self-defense of backup files is Acronis True Image 2018’s way to ensure a user’s data remains untouched.

More than 60 percent of Acronis customers surveyed said they worry about ransomware. A new Security Dashboard gives users complete visibility over Acronis Active Protection so you can be reassured that their data is protected. It lets them track the number of processes that have been flagged as potentially dangerous, see which ones were blocked, and manage a whitelist of trusted applications.

Pricing and Availability

There are three editions of Acronis True Image 2018 available to accommodate customer use and preferences. All versions include Acronis Active Protection against ransomware and cover an unlimited number of mobile devices.

  • Standard is a perpetual license that is offered without any cloud storage or access to cloud-based features for customers who prefer to store their data on local drives only. Pricing starts at 69.99 SGD for one computer.
  • Advanced is a one-year subscription that includes 250 GB of cloud storage and access to all cloud-based features. Pricing starts at 69.99 SGD per year for one computer.
  • Premium is a one-year subscription that includes exclusive blockchain-based data certification and electronic signature capabilities, as well as 1 TB of cloud storage. Pricing starts at $99.99 per year for one computer.

Advanced and Premium subscribers can purchase additional cloud storage within the application. Advanced Licenses can upgrade to a maximum of 500 GB. If more storage is needed, Advanced users can upgrade to a Premium License, which offers cloud storage of up to 5 TB.

Instagram backup launches today in limited markets and will be available worldwide on September 4, 2017

Acronis True Image 2018 is available for purchase at acronis.com/en-us/personal/computer-backup/ and through major software resellers and retail stores worldwide.

NOTE: For small business owners who need to protect more than five computers, or companies that have multiple workstations and servers, Acronis Backup 12.5 scales to protect thousands of computers and provides convenient tools for group management of environments of any complexity. Details are available at acronis.com/en-us/business/backup/.

* Information courtesy of Acronis Asia Pte Ltd *