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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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VOLUM (VLM) Announces Commencement of Token Generation Event

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ESTONIA, May 4, 2019 – VOLUM (the “Company”), a multi-dimensional blockchain technology holding company, is thrilled to announce the commencement of the Volum (VLM) Token Generation Event (“TGE”) beginning on Saturday, May 4. The VLM utility token is the native cryptocurrency powering the VOLUM supply chain and logistics management platform.

Driven by algorithmically intelligent software tailored to logistics and supply chain management, along with Internet-of-Things (“IoT”) integrated functionality, and a backbone of hybrid public and consortium blockchain architecture, the platform is organized around the Volum (VLM) token. The VOLUM TGE will be managed by deploying ERC20 tokens on Ethereum Mainnet to maximize future access to cryptocurrency exchanges.

The VOLUM platform operates as a comprehensive control center for supply chain and logistics management operations. Companies who use this platform will be able to carry out a wide range of blockchain transactions including: Payments, Rewards, Purchase Orders, Legal Contracts, Regulatory Compliance, Taxation, Shipment Management, Letters of Origin, Customs Documents, Inputs/Outputs and Inventory Ordering, Delivery/Parcel Tracking, IoT Monitoring and Reporting, Big Data Analytics, and Inputs and End-Product Tracking/Traceability.

“The total addressable market for a blockchain-based supply chain solution is nearly $54 trillion globally, with the majority of the world’s workers playing some part of this equation” noted Arnaldo A. Detrés, CEO of Bengala Technologies, LLC, the principle blockchain developer working to build the VOLUM platform. “However, blockchain solutions have been unable to…

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How to Secure Yourself in Relation to Bitcoin: Top VPN Services

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Nowadays, more frequently people opt to use cryptocurrency such as Bitcoin while dealing with financial transactions for its convenience, so its increasing prevalence isn’t round-of-the-mill phenomenon but still, its users need to create fully protected cooltechzone to secure their data.

Recently, a great abundance of VPNs have started to accept it as a way of payment and it definitely makes sense: one buys VPN to retain anonymity on the Web, so why not to use the privacy-focused payment method? Paying for a VPN service with Bitcoins or any other cryptocurrency secures personal data from curious eyes leaving no traces.

What is a VPN?

Virtual Private Network (VPN) is generally presented by the group of linked to each other computers via the Internet. VPN boosts protection and provides a high level of anonymity to all types of Internet connections.

Security

While the connection to the ordinary Wi-Fi networks, a user usually gets access to the Internet directly, thus he becomes vulnerable to the hackers and the malware attempting to steal his personal data. On the other hand, applying VPN one transmits and gets data in encrypted form which makes it protected.

Anonymity

Generally, isn’t hard to trace an Ip-address of any user and to identify his location with sufficient accuracy. With the help of VPN, the attacker will only get the address of the removed computer. Undoubtedly, the safeguard…

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Is it legal to gamble in Bitcoin casino?

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Bitcoin entered the world in 2009 and immediately begun a revolution on the cryptocurrency market. Presently, there are more than 700 different digital currencies, but Bitcoin still remains the most used one. However, despite the large business activity around Bitcoin, there is still no international legal law to regulate it.

Key facts on Legality in Bitcoin casinos

Laws and obligations concerning online gambling legislation vary from country to country. There are many jurisdictions that can issue gambling licenses to online casinos. But, these licenses are issued only after the online casino business meets the requirements of the chosen jurisdiction.

The necessity of Gambling License for Bitcoin casinos

In order to make it clean and clear, a reliable online casino will obtain an online gambling license. Among other things, it allows running a legal activity and assures the casino operator’s trustworthy behavior, fair gaming policy and transparency in business operations and gaming software offered to customers. A representative of this kind of casino, such as FortuneJack for example, will have good reviews and reputation, and stable business that is constantly growing and expanding throughout the years. You can also feel the stability by checking the website, and important details such as casino withdrawal time and the number of games offered for playing, as you can examine on Fortunejack.

There is a difference between Bitcoin and Bitcoin gambling legality. There are countries…

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