Confideal – More Than Just the Sum of Its Parts

Confideal boasts a vibrant ecosystem where the core features of the integrated platform, such as smart contracts and arbitration, unite to form an application that is far more than just the sum of its parts.

[Note: This is a sponsored article.]


International trade has existed since ships first sailed upon the seas and caravans crossed mountains, but the increasing pace of technological innovation has led to a massive surge in international trade. Contracts and manufacturing details can be hammered out over video conference calls while documents can be digitally signed and sent across the world without a person having to move from their office desk.

Of course, this increased amount of trade can have potential headaches, especially if a dispute arises, which is where Confideal comes into play. Confideal is an integrated platform based upon the Ethereum blockchain that features an amazing ecosystem of core features that helps facilitate trade while reducing costs.

Three Core Pillars

The three core pillars of Confideal are: smart contracts, built-in arbitration, and CDL tokens. A number of platforms offer a single feature or two that international traders might be interested in, but Confideal is unique in that it has created a complete ecosystem composed of individual functions that come together into a harmonious whole.

Smart contracts have been revolutionary in matters of data management, and they offer a tremendous boon to businesses by creating a document that cannot be altered and is openly transparent. Many businesses have failed to take advantage of smart contracts due to the perceived need for programming knowledge and a dedicated online team, but Confideal allows for the creation of Ethereum-based smart contracts without the need for any coding.

Built into the smart contract is the arbitration feature of Confideal. The entity drawing up the contract selects an arbitrator to be used in case of a dispute arises. An important consideration is that all signatories to the smart contract have to agree to the chosen arbitrator.

Legal professionals and firms apply to Confideal, showing their qualifications and credentials, to become arbitrators on the platform. Arbitration takes one of two routes: both parties can agree to abide by the decision of the arbitrator or an arbitrator can come to a conclusion that can then be used in international courts of law for further enforcement.

The final core facet of Confideal is the CDL token, which is the main internal cryptocurrency for the platform. The token was created according to the ERC20 token standard on the Ethereum blockchain and has several uses on the integrated platform.

Bringing It All Together

Each Confideal’s three core features, when viewed independently of each other, is quite beneficial in regards to international trade. However, the symbiotic manner in which they all work together is breathtaking. The features weave together into an intricate dance that reinforce each other and make the overall ecosystem far stronger than each of the individual components.

Merchants can use CDL tokens to generate smart contracts and act as currency for the payment of the contract, which negates the standard 1% fee. These tokens can also be freely exchanged for other ERC20 tokens.

The smart contract, standing alone, is an amazing innovation for trade, but the inclusion of arbitration takes the smart contract to an entirely new level. Merchants not only have a codified document that spells out the conditions of the deal, not to mention the funds held in escrow and that the contract is unable to be illegally modified, but an automatic means for resolving a disagreement that all parties have already agreed upon has been put into place.

The dance between arbitrators and CDL tokens continues in the fact that token holders have a number of votes, based upon the number of tokens held, that can be cast to rank specific arbitrators. Every ten tokens equals one vote, so token holders have the right to directly influence the arbitration aspect of Confideal. However, this influence is not absolute as the smart contract that details the arbitrator has to be agreed upon by all interested parties. Then there’s the fact that arbitrators have no details on the principals of the smart contract, so there’s no undue influence of favoring a side that has given votes to that particular arbitrator.

Each of the core features of Confideal is of great use to merchants, but it’s the combination of all three elements (smart contracts, tokens, and arbitrators) into a cohesive whole that makes the integrated platform far greater than the sum of its parts. Each facet of Confideal reinforces the others, making them stronger and better than they would be on their own. Tokens can be used as payment and to rank arbitrators whilst arbitration is hardwired into the smart contracts that serve as the foundation of the platform. In the end, merchants and arbitrators are united together into working for smooth and seamless international trade just as the distinct features of Confideal are united together to facilitate such endeavors.


Images courtesy of Pixabay, Pexels, and Pxhere.

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SportyFi Boasts an Impressive Roster of Sports Advisors

SportyFi has assembled an amazing team of professional, world-class athletes to serve as advisors to the upcoming blockchain-based, decentralized sports ecosystem.

[Note: This is a sponsored article.]


For many people around the world, sports is an integral part of their lives. Young athletes dream of becoming pros, fans love to cheer on their favorite team or club, and investors hope to share in the financial success of an industry that generates hundreds of billions of dollars every year. Yet such goals are often left unrealized as the financial hurdle to become a part of the sports world is often out of reach for most people. SportyFi will eliminate this barrier when its ICO launches on November 14th, 2017, and the decentralized sports ecosystem has assembled an impressive roster of professional athletes to serve as advisors.

Tapping the Experience and Wisdom of World-Class Athletes

It takes a lot more than sheer luck to become a success in the sports world. Which is why SportyFi has assembled an amazing group of professional athletes to make the blockchain-based platform do everything possible to service the needs of investors, fans, and the young athletes just starting their own journey. The combined experience and wisdom of these pros help guide the development and actions of SportyFi. Their contributions are invaluable as they have an insider’s perspective on what it takes to actually succeed in the hard knock world of sports, and the developers of SportyFi eagerly tap into this wellspring of knowledge and experience.

A Galaxy of World-Class Athletes from a Variety of Sports

SportyFi has gathered an amazing mix of professional athletes from a variety of sports to serve as advisors. Winter sports is well represented by Peter Prevc, Špela Pretnar, Vasja Bajc, and Noriaki Kasai. Peter Prevc is a former ski flying world record holder and the winner of the 2016 Ski Jumping World Cup. He was also the winner of the 2016 Four Hills Tournament and the 2016 Ski Flying World Championships, as well as taking silver and bronze medals at the 2014 Winter Olympics. Špela Pretnar won six FIS Alpine Skiing World Cup races and amassed 13 podium finishes during her stellar career. She represented Slovenia at the 2002 Winter Olympics, was named the Slovenian sportswoman of the year in 2000, and now works with the Slovene Skiing Federation.

Vasja Bajc competed in the 1984 Winter Olympics in Sarajevo and now serves as the coach of the US women’s ski jumping team. He coached the Spanish national ski jumping team after he retired from competition in 1990, and he then coached the Japanese ski jumping team from 1994 to 2002, personally coaching Kazuyoshi Funaki. Since then, he has coached teams from the Netherlands, Sweden, Slovenia, Turkey, and the Czech Republic.

Noriaki Kasai is a winter sports legend and has been honored with a Guinness World Records certificate for the most starts in all of the World Cup disciplines run by the International Ski Federation. He has competed in seven Olympics and is the oldest ski jumper to ever earn an Olympic medal. He took the silver medal in the large hill individual and the bronze medal in the team large hill at the 2014 Winter Olympics in Sochi.

From basketball, SportyFi has tapped Primož Brezec, who played eight seasons in the NBA. Brezec originally played for the Union Olimpija, the best basketball club in Slovenia, before joining the NBA. He was picked by the Charlotte Bobcats in the 2004 NBA Expansion Draft, wherein he scored the first points, hit the first free-throws, and made the first turnover for the franchise. Brezec recently retired from active play and now works as a scout for the Cleveland Cavaliers. In addition to Brezec, the Slovene Basketball Association, the current European basketball champion, is also advising SportyFi.

CEO Marko Filej with Roberto Carlos

SportyFi Scoring with Football Legends

Naturally, SportyFi sought out some of the top players from the world’s most popular sport, football, with Savo Milošević and Roberto Carlos to serve as advisors. Savo Milošević is one of the most popular football players to come from Serbia. He initially made a name for himself at Partizan Belgrade, after which he spent almost the next decade playing for the Premiership side Aston Villa in Spain. He appeared in two World Cups over his 16-year career, as well as one European Championship where he earned the Golden Boot at Euro 2000. Roberto Carlos needs no introduction as he’s considered one of the best left backs in history. Over the course of his illustrious career, Roberto Carlos played in three World Cups and helped Brazil win the 2002 tournament. He was chosen for the FIFA World Cup All-Star Team in 1998 and 2002, as well as being picked by Pelé for the FIFA 100 list of the world’s greatest living players in 2004.

SportyFi is allowing fans, investors, and young players the ability to reach their goals in the sporting world. Core to the decentralized, blockchain-based platform’s success is the extremely valuable guidance and expertise offered by a stellar roster of world-class professional athletes. From the best of skiing, basketball, and football, decades worth of knowledge and experience are helping make SportyFi the best sports ecosystem that it can possibly be.

Check out the SportyFi Website or read the SportyFi Whitepaper. And come chat with the team on Telegram.


Images courtesy of SportyFi, Pixabay, and Pexels.

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Proof-of-Asset Protocol by BANKEX – a New Era in the History of Banking Services

BANKEX, founded in 2015 by Igor Khmel, Ilham Hatypov, and Dmitry Dolgov, aims to meet the demand of improving asset liquidity using a proprietary Proof of Asset protocol designed to enable information to be passed in real time directly to and from the blockchain.

[Note: This is a sponsored article.]


This technology is transferring the information about an asset to the blockchain enabling fast transactions and avoiding cumbersome rules and regulations of a traditional stock exchange.

By taking advantage of technologies like the Internet of Things (IoT) and Artificial Intelligence (AI) in order to create Internet of Assets (IoA) BANKEX is building a new standard of decentralized financial market. 

The PoA protocol can be used by various entities from Fintech providers, including AI and IoT labs, and traditional financial institutions to any asset owner. BANKEX, based on Bank-as-a-Service (BaaS), is evolving ordinary transaction mechanisms. All the transactions that are carried out using PoA are faster, clearer and much more reliable. This technology ensures that every single token is backed by a real asset. The PoA increases the liquidity of real-world assets while delivering constant real-time updates to both asset owners and investors.

BANKEX Ecosystem

Asset Tokenization

 Tokenization is a process that transforms data on an asset into an encrypted code, also known as a token, in order to represent this information on the blockchain. BANKEX ensures that all the information about an asset is relevant and correct by delivering verification processes.

Traditional financial markets encounter several problems that lead to lower liquidity of assets, something that BANKEX is looking to fix. Such issues include but are not limited to:

  1. Large numbers of asset owners result in poor communication.
  2. High dispersion of an asset makes it difficult to control detailed cash flow from each asset
  3. Start projects and achieve desirable liquidity is very time-consuming
  4. Inability to enter financial markets and attract sufficient investments for non-public companies.
  5. Complicated processes of tracking an asset’s lifecycle.
  6. High legal and accounting expenditures caused by asset transfers when early investors sell their assets at peak profitability.
  7. Complex procedures of asset retraction in case the terms of the contract are not fulfilled.

How It Works

 Bank-as-a-Service (BaaS) works by offering Fintech services without the need of a traditional, bricks and mortar bank. Roles within the BANKEX ecosystem:

  1. Originator – the owner or owners of an asset
  2. Supplier – the purchaser of a tokenized asset, i.e. investor.
  3. Product Owner – the company that creates Fintech products aimed at providing the tech for tokenization, the role, in this case, is carried out by BANKEX.

The process creates a win-win for all involved. Originators receive new opportunities, suppliers can increase their investment portfolio, and product owners benefit from delivering services to originators and suppliers.

BANKEX’s process encompasses 4 stages – Digitisation, Tokenisation, Asset Trading, and finally Dealing.

Digitisation: BANKEX collects and verifies all information regarding a specific asset. – All legal and accounting disputes and issues resolved during this stage.

Tokenisation: smart contracts are created on the Ethereum blockchain. As a result, an asset transforms into a Smart Asset. At this stage, the token is created. If needed BANKEX provides escrow services. The token then goes to market. Tokenization by its nature is the next generation of securitization.

Asset Trading commences, the price is adjusted based on market offers.

Dealing: by using the Proof-of-Mining protocol the token is guaranteed to be delivered to the supplier (investor). The token is delivered to the supplier (investor) and is kept in his wallet, the BANKEX token is delivered to the originator (asset owner).

BANKEX Use Cases

 BANKEX PoA can have various applications. Here are a few of them:

Real Estate. An international bank (the client) has a piece of commercial or residential property (the asset) upon which it plans to develop apartments. In this case, the token represents a fixed number of square meters of those apartments (e.g. 1 token = 10 square meters). Investors receive a liquid asset after the to-be-built real estate is tokenized.

Drinking Water for Africa (non-profit). In this scenario, the client is a water filter producer and the asset is frozen drinking water. Charity donors can buy water tokens, with 1 token representing 1 liter of drinking water. After water tokens are purchased, the donor can potentially then track the journey of that water all the way to the end consumer.

Retail Franchise Network. A retail chain (the client) can use their store’s cash flow as an asset. The tokens are backed by revenue generated by royalties from franchises. Tokens can be used to purchase products in the chain stores, with 1 product equal to 1 token. Token owners can buy products from the retail chain, as well as take part in the company’s decision-making process. The business case, in this example, would be to finance expansion and open a new store.

BANKEX has gained support from 10 banks, top tech companies including Microsoft. They are also ranked in the Top 9 ICO by Entrepreneur and is considered to be in the Top 50 Fintech start-ups in the world. During their opening presale, BANKEX raised $10 million, with a further $1.5 million raised prior to the pre-ICO stage.

For additional information about BANKEX, please visit the company website. You can also talk to the BANKEX team on Telegram and follow them on Facebook.

What do you think about BANKEX’s Proof-of-Asset protocol? Will it make the tokenization of traditionally illiquid assets easier and more accessible? Let us know in the comments below.


Images courtesy of BANKEX

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