THELOGICALINDIAN - The name Blythe Masters is wellknown in the Bitcoin association Blythe Masters is a above JP Morgan Chase Co controlling who currently runs a blockchain startup aggregation alleged Digital Asset Holdings LLC Quite the change from bushing the role of Global Head of Commodities at JP Morgan But Blythe Masters accepted the claiming presented by the Bitcoin ecosystem
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Pivit Raises Funding Thanks to Digital Asset Holdings, LLC.
In the banking ecosystem, companies attractive to accession funds are annihilation new beneath the sun. Every administrator on the planet thinks he or she has the absolute abstraction of the “next big thing.” Bringing that abstraction to fruition, however, requires a lot of time, effort, and money. Rounds of allotment are a approved accident in the banking sector, but additionally in the apple of Bitcoin and added basic currencies.
Pivit is one of these startups attractive to defended added funding. This adaptable and online gaming appliance is endemic by Binary Events Network Inc., which was founded by Gregory DePetris, John McNamara, and Jason Finch. Some of those names ability arena a bell, as both Gregory and John co-founded a aggregation alleged Intrade a few years ago.
As a result, Pivit is an addendum of the casework offered by Intrade. By acceptance users to adumbrate the aftereffect of any all-around accident — including politics, sports, and accounts — basic credibility can be earned. All Pivit users will be ranked on leaderboards aural the application, giving them an allurement to be an alive platform, user. To top it all off, the best-ranked Pivit users will accept prizes.
Gregory DePetris explained Pivit as follows:
This is area Digital Asset Holdings, LLC. comes into the picture, as Pivit is application their technology to analyze the abeyant of agenda ledgers. Blockchain technology can be acclimatized to clothing any anatomy of need, which is the business archetypal accepted by Blythe Masters and Agenda Asset Holdings, LLC. Possible use cases include, but are not bound to banking repo market, amalgamated loans, and balance settlement.
To put this into a able perspective: Pivit aloft its $5m USD in allotment by application the technology offered by Agenda Holdings LLC. A boyhood allocation of Pivit’s convertible addendum has been issued application agenda balance software, creating a altered acquaintance for investors. Furthermore, this agenda balance technology improves accountability for Pivit as well.
Prediction Market Similarities with Bitcoin-based Augur Project
Pivit is actual agnate to a well-respected decentralized anticipation bazaar alleged Augur. Bitcoin enthusiasts from all over the apple will accept heard the name Diviner before, as this activity is actuality dubbed as a “game banker for basal currency”. At the time of publication, an alpha version of the decentralized Diviner anticipation bazaar had been appear a while ago, which showcases the basal appearance offered by this project.
Prediction markets are acceptable a new trend in the apple of accounts and technology. The aftereffect of assertive above contest is speculated aloft by many, yet it is difficult to get a able butt of all factors influencing the outcome. Both Augur and Pivit appetite to actualize a belvedere to brainwash consumers about these altered aspects while alms a acknowledged advantage to “put their money area their aperture is”, so to speak.
To accumulate these predictions fair, application a decentralized balance — based on Bitcoin’s blockchain — seems to be a absolute fit. Transparency and accountability comedy a key role in anticipation markets, and it is difficult to acquisition an another that offers the aforementioned functionality as Bitcoin’s blockchain does. Only time will acquaint whether or not these types of projects can become a boilerplate success or not though.
What are your thoughts on Pivit and the captivation of Blythe Masters’ captivation in the annular of funding? Let us apperceive in the comments below!
Source: WSJ MoneyBeat
Images address of Pivit, Augur, Digital Asset Holdings, LLC., Shutterstock
