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LEXIT CTO Wajid Khilji: ‘We Can Give Startups a Second Chance’

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Nearly a decade in the industry has served Wajid Khilji well and brings with it a perspective on new challenges—and how to overcome them.

“I used to go to hackathons all the time, I’ve been to more than a dozen of them, and every time I see only one or two companies survive – usually one – which suggests a 90% failure rate,” he recounts. “These companies will have a second chance to do something for their businesses; they can actually list their product on the LEXIT platform and get interested parties to buy their startup.”

This personal experience is valuable in suggesting ways for unfulfilled IP in failed tech startups to be sold as part of the company, for funds to be used in future ventures. It would act as a sort of stimulus for entrepreneurs and could encourage not just more R&D, but also more startups.

Wajid’s vast industry experience meanwhile reveals him to be a dynamic and versatile programming guru. He once worked in the IT department for the Business Recorder Group, one of South Asia’s largest media conglomerates, where he developed software for live television as well as for Pakistan’s leading financial newspaper.

He also has a tremendous capacity to find new ways to program on the blockchain; Wajid boasts two Master’s degrees and has been recognized many times for his academic achievements in the field of Computer Science.

Since becoming the Chief Technological Officer of LEXIT, Wajid has overseen the successful development of smart contracts and an ICO platform. However, he recognizes that there are various obstacles involved with it still being such a new technology.

“Blockchain is evolving at the moment and every day I see blockchains coming out with new and better features,” Wajid said. “I am still looking for better solutions, every day. I think this is the biggest challenge, finding the best suit.”

Wajid is keen to share his expert grasp on what makes the blockchain tick and how exactly this is all supposed to work.

He explains: “It is quite different to the regular programming we do in other languages, it may be the same in being object-oriented but the structure that you see is totally different. We used to work with databases and now we don’t work with databases anymore, because blockchain is doing it for you. Apart from that, you can make it anonymous or you can make it public. This is the beauty of blockchain.”

There is a range of benefits in moving away from monolithic, traditional software architectures that consist of self-contained and interdependent components.

Microservice architectures allow developers to build an application in smaller, more modular pieces where none of the components are dependent on each other. This is Wajid’s weapon of choice for programming on the blockchain.

Why microservices?

“Because they are reusable [and replaceable]: you can plug one out and add another in instantly.”

Indeed, blockchain promises far less reliance on any single entity with an emphasis instead on the individual components that make up the whole.

The coming year promises to be an exciting and busy one for Wajid Khilji and the LEXIT team. A potential use case in helping entrepreneurs to liquidize and exit a startup by connecting them with relevant buyers is already well established, it’s now just about realizing the potential of blockchain on a marketplace designed for the trading of IP rights, assets, and parts of entire companies.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Taking the Booming Cosplay Industry to the Next Level with Tokenization

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In the past couple of decades, some aspects of Japanese culture have begun to spread like wildfire through the rest of the world. Foremost among them is the fascinating and thought-provoking world of Japanese comics and animation.

At the same time, it’s become increasingly popular for fans to interact with each other and express their enthusiasm for manga and anime through cosplay, where people dress up as their favorite fictional characters or even create their own.

In fact, cosplay has grown to be a jaw-dropping $45 billion industry, with no signs of slowing down anytime soon. However, the industry and its participants aren’t without problems.

At the top of the list of issues holding the cosplay industry back are those associated with copyright and revenue sharing. As with most any global industry, there is inefficiency due to language barriers, different currencies, and varying regulatory guidelines for intellectual property.

So, how can blockchain technology help? There are a handful of answers to that question, actually. A few are:

  • An immutable blockchain can be used to store records such that there is no longer any doubt about a piece of content’s original creator.
  • A blockchain can securely store and track user’s digital IDs in order to discourage harassment and other nastiness that prevails on online media forums.
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The race for No. 2: Ripple’s XRP is growing, and Ethereum is shrinking. Why?

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Over the last three weeks, Ripple’s XRP cryptocurrency has been raising in price slowly but steadily. As we write this article, it’s trading in green numbers at $0.422 even during the current bearish run of the market, which means despite regular market dips, it’s doubled its price in a relatively short time.

Moreover, for some days during the recent period, it’s been the world’s second coin, beating Ethereum. But will that be consistent? Should Ethereum be worried? Well, maybe. Ripple advancements and XRP’s massive growth is undoubtedly putting Ethereum’s dominance in question.

Ethereum came live in 2015, and it quickly became the most crucial blockchain in the world, second only to Bitcoin. It became the dominant platform for smart-contracts and many of today’s most exciting blockchain technologies came to life using Ethereum’s operating system (Tron and EOS are the primary examples).

But now, Ripple (XRP) grows while Ethereum is shrinking

Before this September 18th, the gap between ETH and XRP was huge. Ethereum’s market value more than doubled that of Ripple’s. As we write this article, the difference among both assets is around three billion (17 vs. 20 billion). If things keep moving in the current direction, this gap could close down, and even reverse in the next few weeks, if not sooner.

The recent XRP bullish run is the highest it’s ever had. It went up by 200% in fewer than four days just a couple of weeks…

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Just In: Ripple partner Santander expands its reach using SWIFT GPI

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There is a lot of buzz around Ripple and SWIFT concerning a possible partnership. However, this buzz around them has become more intense as Ripple’s partner, Santander, partnered with SWIFT to launch its services in countries such as Argentina, Poland, Spain, and the United Kingdom. The announcement came in today. The Spanish banking giant also plans to expand its services to further countries in 2019.

It is also important to know that there are high anticipations that Ripple may announce a breathtaking announcement during the forthcoming SIBOS 2018 Conference which is held by SWIFT, and set to take place in Australia.

The event is slated to hold on the 22nd to 25th of October. The main reason for the speculation that Ripple and SWIFT will be partners is since many FinTech companies – including banks – are using SWIFT for global cross-border remittances, and on the other hand, Ripple’s technology is becoming predominant to aid cross-border payments.

As a result of the partnership between Santander and SWIFT, Ripple’s community now see the opportunity that there may be a probable connection between Ripple (XRP) and SWIFT. This can also be attributed to the fact that Santander itself is in close partnership with Ripple, as it created OpenFx, which runs on Ripple’s blockchain protocol.

Santander believes that its partnership with SWIFT will help it deliver “rapid and frictionless cross-border with fast payment tracking.”

Eva Bueno Velayos, the GTB Head of…

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