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 *

Impact Hub Singapore partners Google for Entrepreneurs

Entrepreneurs and start-up companies in Singapore or planning to setup in Singapore, this would be of great news and of great interest to you. Impact Hub Singapore, the largest co-working and entrepreneur building community, recently announced its partnership with Google for Entrepreneurs, becoming the company’s first tech hub partner in Southeast Asia.

I visited Impact Hub Singapore once, when I attended Huawei Founders Friday, listening to Scott Bales a leading digital and innovation executive sharing on driving innovation. It was a great sharing session, knowledge and tips shared would be applicable for me as I embarked on my photography business and the challenges that I am facing!

Collaboration, partnerships and networking with different professionals and expertise from different industries, helping each other to grow and succeed, this is the modern era that we are living in and how we should and must do business, growth, change, innovation and development in the new IoT/digital/social media era ahead.

Let me share more key information and details with my readers here from the press release information:

Impact Hub Singapore is home to a vibrant entrepreneurial community with a strong track record in supporting companies as they build and scale their businesses. Member startups have raised more than $180 million USD ($250 million SGD) since Impact Hub Singapore opened it’s doors. Impact Hub Singapore comprises more than 650 entrepreneurs, professionals and freelancers, and has partnerships with 50 corporate, university and government-linked organisations. The five year-old Impact Hub is home to Singapore’s largest community of creatives, entrepreneurs, and technologists. Impact Hub Singapore takes a holistic approach to encouraging startups by providing everything from co-working space to resources and tools early stage businesses need to grow.

As members of the Google for Entrepreneurs network, Impact Hub Singapore and the greater Singapore startup community will have access to new resources including training and mentorship opportunities and access to Google programs and products including:

  • Google for Entrepreneurs global programs: Hubbers can now apply to the incredible programs Google runs for entrepreneurs, including Google for Entrepreneurs Exchange, a series of week-long, vertically-specific global immersion programs aimed at helping startups gain access into new markets and insights, and Google Demo Day an event that brings together a diverse group of startups from around the world to showcase their technology and meet top investors and mentors in Silicon Valley.
  • A global network: Hubbers will join 50 other organizations with a global footprint in more than 135 countries, including six Campuses, which are Google-owned and operated spaces for entrepreneurs. Impact Hub members are now connected to the Google for Entrepreneurs Passport program, which allows members to access more than 20 Google partner spaces the world over, from Seoul to San Francisco.
  • Google resources: Relevant startups will be eligible for Google product offers and have access to local and international mentorship from Google advisors.

In addition to all of these great offerings from Google for Entrepreneurs, Impact Hub Singapore, inspired by Google’s Campus’, will also start providing more opportunities for collaboration:

  • 30 new coworking seats: From August onwards, Impact Hub Singapore will open 30 free coworking seats per day in the coworking area be even more inclusive and welcoming to the tech-curious as well as to current and aspiring entrepreneurs.

* Information courtesy of Redhill Communications and Impact Hub Singapore *

AXON Predict by Greenwave Systems @ CommunicAsia 2017

In my own personal technology writing adventures covering and writing in the field of Internet of Things (IoT), this particular maiden journey started in 2016, I was introduced to Greenwave Systems, the global managed services and Internet of Things (IoT) software leader, thanks to my friend Wee Wu of Neo Dimension who invited me to visit Greenwave Systems at CommunicAsia 2016 in Singapore.

It was an eye opener to know more about IoT software systems and how they had already started coming into our daily life without us realising it at times.

I shared about my IoT learning experiences to Greenwave Systems at CommunicAsia 2016 in this article that I wrote in June 2016, after my visit and listening to Jim Hunter sharing and demonstration of the AXON Platform. For a recap of my sharing, please visit my article – AXON Platform by Greenwave Systems at CommunicAsia 2016.

Greenwave Systems was back for CommunicAsia 2017 and it was an honour to be invited back again to visit Greenwave Systems at CommunicAsia! I had the opportunity to write and continue my sharing on Greenwave Systems since the article coverage I wrote in 2016. Arriving at Greenwave Systems seminar room, it was great to meet Jim Hunter again, he’s the Chief Scientist and Technology Evangelist of Greenwave Systems. Jim gave me a run through with a detailed and interesting presentation on the AXON Platform and AXON Predict.

AXON Platform – B2C

Listening and watching Jim’s presentation AXON Platform, it was a very good refresher for me. I saw the demonstration of how the AXON Platform works during my visit to Greenwave Systems at CommunicAsia 2016. Therefore, I would not be writing too much in detail here because most of the references and notes were written inside my 2016 article coverage.

While I was listening to the presentation and watching the demonstration of the AXON Platform, I am also thinking about how smart and connected the various types of devices that we might have in our internet/technology connected home using the smartphone app, AXON Platform and using the common language of the AXON Platform, getting the non related techological devices to “talk, connect and work with each other”. I saw security alarms, security monitor cameras, bluetooth speakers, lighting systems, in action, using the AXON Platform to give instructions to them for it to be carried out, thus making the home smart and connected.

I was also thinking of which type of white goods (kitchen appliances) would be suitable to be connected and working with the AXON Platform whereby the home owner can give instructions to the white goods and get them ready when they reach their home. Some of the white goods could be coffee machine, electric kettle, microwave oven (if the home owner place the food inside before they leave the home).

The home of the future is moving towards a technologically smart and connected home and I feel AXON Platform can be the crucial element that brings both technology, products and consumers together in a home.

AXON Predict – B2B

Earlier, you have read on how the AXON Platform makes a difference and impact to the end consumer at home. Now, I am going to share on how AXON Platform extends into the other industries, on a Business to Business (B2B) level.

Greenwave Systems recently acquired Predixion Software, a data analytics company in February 2017. This would allow Greenwave Systems to offer real-time visual edge analytics solution called AXON Predict. This Greenwave Systems AXON Predict performs analytics “at” the edge, giving business owners a new dimension and arena to work with and on. With this level of advanced analytics, intelligence and information to the machines and sensors on every step of the network, the companies adopting the AXON Predict platform is able to take appopriate real-time action at the source of the input. Companies don’t have to wait for the information and intelligence to be pushed to the cloud for processing, saving up precious time and lowering asset management costs.

With AXON Predict working totgether within the Internet of Things (IoT), different businesses such as shipping/logistics industry, farming and windmill farms, are examples of companies using the power and technology of AXON Predict for their daily business operations. Check out the videos produced by Greenwave Systems below, on the AXON Predict and the some of the industries that are currently using their AXON Predict technology platform.

Any company or industry that utilises real time data analytics, intelligence and information gathering, is able to manage their businesses more effectively and efficiently, through cost savings, prevention, maintenance and forecasting.

“We’ve seen a real need for this in the market and our customers have affirmed our belief; smart devices often lack the ability to analyze real-time data at the source, causing latency, compliance and cost issues associated with data loss,” said Arkell. “We’re addressing this pain point head on by delivering intelligence to make devices and ordinary silicon smarter. Our analytics engine provides sharper insights and faster response times for our customers and helps them improve both their top and bottom line.”

Source: Greenwave Systems Press Release

With AXON Platfrom and AXON Predict, we can see where and how IoT is shaping, changing and impacting businesses and consumers. The world of IoT is very big and getting even bigger down the road in the next few years. How fast and how much have businesses (and also end consumers) adapt and adopt changes, innovations and disruptions through the IoT world?

IoT, Big Data, Analytics, AR, VR, MR – Which of them is/are the next revolution?

On this segment, it’s more of my personal thoughts and views of IoT after visiting Greenwave Systems at CommunicAsia 2017, recapping on AXON Platform and learning about their AXON Predict.

My maiden entry into the world of IoT began in May 2016, I wrote a short article here on my this site, it started from my visit to Canon EXPO 2016 Shanghai. That was followed by visiting Greenwave Systems in June 2016 during CommunicAsia 2016.

During this period of time from 2016 to 2017 (at the point of time when this article was written) when I was just touching the tip of the iceberg of this huge IoT world, I also saw the world of AR, VR and MR. I also attended a presentation and panel discussion on “F1 Technology and the Impact on Healthcare”.The revolution and evolution of technology is riding and coming faster to you than you can imagine.

From my May 2016 article that I wrote

Internet of Things is the next growth area, revolutionising business and their outreach towards their customers with technology, connectivity and gadgets. This growth area is estimated to be worth a potential of $14.4 trillion for companies worldwide (Source: Salesforce)

Internet of Things, connecting people, connecting technology, connecting eco-systems between people, devices and technology. Is the Internet of Things a whole new world out there or is it a world growing more connected? 

1 year later, I am continuing to learn, experience, write and share on the world of IoT. Seth Godin recently wrote an article (dated 12th June 2017) about accelerating revolutions where he spoke on IoT, revolutions are accelerating, the impacts, the pace and changes to culture and lifestyle with technology.

We’re living right now in the connection revolution, one powered by the internet, in which people connect to people, computers connect to computers and our culture changes ever faster, daily.

Source: Seth Godin

The World Economic Forum recently published an article on 14th June 2017, titled “The Fourth Industrial Revolution is about empowering people, not the rise of the machines

The world of IoT is already upon us, whether we like it or not, it will help us, it will also affect us, in work, in our daily life. The growth of IoT will only grow and expand even faster.

In my humble personal opinion, views and thoughts, I see the next revolution of IoT in the areas of data – huge raw data, information and intelligence, followed by the data analytics, through our various cloud networks (storage, processing, analytics) and 5G telecommunication mobile networks.

After learning about AXON Predict during CommunicAsia 2017, my view is that they are already ahead of the current IoT trends and revolution. Although AXON Predict is currently more suitable for businesses and industries (B2B level), I am thinking whether it could reach the end consumer level? Would there be a day when the end consumer is also able to tap on the technological platform of AXON Predict?

The IoT world, the revolution, the changes, disruption, we can change, adapt and adopt, embrace and grow with IoT helping us to lead a better life and doing our work more efficiently and effectively.

Welcome to the world of IoT, if you haven’t heard of this term.

* I would like to thank Greenwave Systems and Ying Communications for the invitation to visit during CommunicAsia 2017 *

F1 Technology and the Impact on Healthcare

The fast high octane driving action of Formula One (F1) and healthcare, how can these two sectors be interlinked or working together in our world of technology advancements in both medical and technology fields? If we only based it on looking on paper figures and stories alone, and not in-depth into them, sports racing technology in F1 doesn’t have a perfect 1.0 correlation with the healthcare industry.

Yes, F1 sports racing have sports athletes in peak physical and mental condition, through body monitoring through sensors. The F1 drivers are always taken care of in the healthcare segment, ensuring their peak condition to compete in a very competitive, dangerous yet controlled sporting environment. In this segment, healthcare provisions and standards play a very integral part to the F1 sports racing industry.

Therefore, the current technology used in F1 can be applied in our healthcare industry, in our everyday life, in medical institutions such as hospitals and clinics, for everybody who needs the medical services. Beyond the F1 sports industry, it’s about how F1 technology can be transferred across to the healthcare industry in general, how and where to apply them, that can a wide area to discuss and work on from both sides of the F1 and healthcare practitioners.

At a recent SGInnovate Forum titled “F1 Technology and the Impact on Healthcare” that I attended, there were interesting presentations and discussions by the speakers present during the panel discussion.

Moderator

Steve Leonard, Founding CEO, SGInnovate

Panelists

– Dr Adam Hill, Chief Medical Officer, McLaren Applied Technologies

– Assoc Prof Low Cheng Ooi, Chief Medical Informatics Officer, MOH Singapore

– Mr Chua Chee Yong, Director Planning Group, Integrated Health Information Systems Pte Ltd (IHIS), Head IT Strategy and Planning, MOH Singapore

– Dr Sophia Chew, Cardiac Anaesthetist, Singapore General Hospital

During the forum event, there were interesting presentations and topics brought up by the audience during the panel discussion. While I am unable to share everything here in my article, I was able to connect the dots across supposedly very different industries and practices.

My prior professional experience in financial advisory (having to learn a bit on medical terms, conditions and medical related matters because of the areas in life insurance and medical insurance), my personal interest in F1 because I am a fan of motorsports, being a patient myself (from getting operated on my injuries and having to follow up with my specialist doctor yearly for now) and finally a technology enthusiast that consumes different forms of data and information on the internet/social media.

With my wide areas of experiences and interests, I didn’t get too lost during the panel discussion, considering that I am not a professional in the medical, IT or data analytics industries.

The professional expertise from the Formula One industries, analysing and collecting data and information from the racing drivers, weather conditions, racing conditions, thereafter, producing crucial and important information for future racing competitions. All these are very useful and this particular expertise can be transferred across into the medical field and applied there. It is much easier for a B2B approach (Business to Business) transfer of expertise and technology than a B2C approach (Business to Consumer) who may not be able to understand the complexity and technicality of the entire process.

However, we human beings, face aging, illness, body wear and tear over time. While the human race may not see it that closely related at this current juncture in time, maybe in the future, medical records of patients can be stored confidentially and safely, the patient’s medical records can be accessed by the patient themselves or when they visit other doctors in other medical institutions. How long will this take? Your guess is as good as mine.

During the panel discussion, one of the guests brought up a question on health insurance, in relation to the forum discussion topic. On this topic, with my prior professional experience in the financial advisory industry, I can understand and relate to this particular question posed. I am not going to write it down in detail here, it can be a lengthy discussion and can be an article long in content. For health insurance premiums to change, if insurance companies have access to more customers health information and data, there could be a possibility. However, there are a lot more factors to consider before this could even be a possibility in the future.

F1 Technology and Healthcare might not seem like the best partnership on paper, yet the expertise and technology behind F1 can be transferred and applied in the healthcare industry. This is a great example of how technology can impact and improve our life, although it is not so obvious and easy to understand, from the end consumer perspective.

If you are keen to listen to the SGInnovate Forum “F1 Technology and the Impact on Healthcare”, you can visit their Facebook Page and view their video!

Some updates and announcements

Taking the pen and writing down the points that I wanted to write for this post, I took a back in time and reflected on my journey for the past 1 year. It was coincidental or even an omen that it took a year since I left my previous organisation in 2016. March 2016 was the start of a journey from the bottom of the well, getting myself back on track with the hurt, disappointments, anger and a big blow to my self-belief. The journey in 2016 doesn’t make it easier dealing with the loss of three people that left the world.

All these life lessons taught me and honed me in many different ways, over the course of this 1 year. Yes, it took me a bit longer than some of your “perceived + expected” expectations to reach this juncture today, writing out these updates and announcements article. Remember, Rome wasn’t built in a day.

In the past few months, the first quarter of 2017, I was very busy preparing and setting up my photography business, when you planned and prepared your things yet you faced even more things popping up here and there. More life lessons learned during the past few months, always be prepared for more of the unexpected even though you had did your planning. Thus, there was a slowdown and backlogged in writing and sharing my technology posts. They would be swinging back to action soon.

Therefore, what are my major updates and announcements?

First and foremost, I took the leap of faith and founded my photography business, Tan Geng Hui Photography. There were some changes, restructuring and realignment of my photography sites, written in an article here for your reading.

Meanwhile, I am still working with Wills & Wills, let me recap on what they do and the importance of will writing and estate planning.

Moreover, I am now added another work to my portfolio, working with ProTradersCode. They specialise in conducting classes on how to invest/trade FOREX and stocks and shares. I would be sharing more about them in an upcoming article soon.

The journey ahead for 2017 and 2018 are very tough and challenging, a time to adapt, adjust, innovate and change. I took the first step on my long journey ahead of me, let it be an amazing adventure of growth, expansion and learning.