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October 23, 2017, 11:44:39 PM
News: 2017-10-10 Heatledger 2.0 with Heatwallet 2.2.0 released! NOTE: Balance leasing and hard fork at block 777777 https://github.com/Heat-Ledger-Ltd/heatwallet/releases
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Author Topic: HEAT sitrep July 2017  (Read 219 times)

Eliphaz wrote HEAT sitrep July 2017 on July 11, 2017, 12:14:23 AM
Brief HEAT sitrep:

A few days ago the Dutch bank ABN AMRO 3-month [disruption bonding] project was concluded. A fairly impressive MVP / demo was implemented by Heat Ledger Ltd for P2P forex trading and capital markets platform for a spinoff project on a sizable blockchain incubator department of ABN. During the closure party I remember seeing a slide about a study where ABN was ranked as the Europe's 1st disruptive / innovative bank. I don't doubt that, as the atmosphere during the program has been really outgoing indeed considering we're working with a large, traditional continental bank.

Short recap video from the event: https://www.youtube.com/watch?v=WI1bdzEvoMA (HEAT lead dev @verymuchso spotted at 0:42 and both of us cheering on stage at the end scene. :) )

During the project (which wasn't full time of course, as Heatwallet 2.0 was also released during it) we received excellent corporate banking contacts - further banking structures are now pursued for various token arrangements regarding the significant regulatory requirements that according to my knowledge will be affecting all cryptocurrency wallet operators and many cryptos as well within the EU during 2018. Wallets and cryptos not taking action already will likely be in trouble by then. I can't yet disclose exact details of what I know, but the info should be publicly available although not pushed by the media.

Commercialization of the ABN AMRO P2P forex trading platform will be pending for the next months while the bank's department goes through massive reorganization. This suits us well, as we need to now deploy resources to other parts of the HEAT roadmap.

Effort is now being put to the long overdue licensed EUR tokens on the HEAT blockchain for our major customer and JV partner, concurrently improving the scalabililty of the p2p network that was already under dire stress recently during 3rd party launch of the first, massively successful XEL token trading facility. On Heat Wallet, anyone can launch trading and gateways for any new cryptocurrencies, however be aware that we do take dire measures against scam assets to the extent possible within platform that's still semi-decentralized and for all practical purposes largely within the company's centralized control.

Messaging feature improvements (with off-chain FREE encrypted messaging), balance leasing and microservices mainnet release will certainly be the technical highlights of HEAT for the 2nd half of this year. Tokenized company options and real Heat Ledger Ltd share tokens on the HEAT platform will be our response as the next step for the ETH ICO vapor buzz that I expect to be gradually fading out during the the later half of 2017. For the stock sale we'll however be gladly accepting all the excess capitulated Eth that should be floating around by then. The timing for the share sale still needs to be considered - serious crypto consolidation and bear market isn't exactly the optimal time for such operation. At last our decided and criticized restraint in planning the exact times for phasing in various parts of the full HEAT plan is yielding fruit in form of major market timing flexibility.

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