Hong Kong – “iAM Smart” suspended for urgent maintenance

“iAM Smart” suspended for urgent maintenance

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     A spokesman for the Office of the Government Chief Information Officer (OGCIO) announced that due to an intermittent error with a database access module, the “iAM Smart” system encountered intermittent disruption from 2pm today (October 18). The system has been suspended since 8pm this evening for urgent maintenance. It is expected that the system will resume service tomorrow morning (October 19).
      
     During maintenance of the “iAM Smart” system, members of the public can continue to access related online services by using the prevailing system websites and login channels of different government departments or participating organisations directly. The OGCIO apologises for any inconvenience caused.
      
     For assistance, members of the public can call the “iAM Smart” hotline at 182 123.

Hong Kong – Smart care for a smart city

Smart care for a smart city

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     As the first smart hospital in Hong Kong with full 5G coverage, the Chinese University of Hong Kong Medical Centre uses pioneering healthcare solutions to enhance operational efficiency and improve the patient experience.

     News.gov.hk spoke to the hospital’s Pharmacy Director and Chief Hospital Administrative Officer to learn about how adopting the Automated Drug Dispensing & Packaging System and the Linen Management System helps it to deliver quality and efficient services.

     The story is available at www.news.gov.hk/eng/feature today (October 3) in text and video format.

CEO OZC Smart Chain: The world needs Blockchain but it must be practical and protect the environment

Moscow, Russia, 10 July 2021, ZEXPRWIRE, “Projects and applications that need to process hundreds of thousands of transactions per second cannot yet apply Blockchain. Current Blockchain platforms consume too much energy, affecting the environment. OZC Smart Chain was born to overcome the above disadvantages of Blockchain”- Mr.Alex Morozov – Co-Founder & CEO said.

After more than a decade of development, Blockchain technology has shown the world its outstanding advantages when applied in areas such as: transparency, high security, decentralization, etc. However, Blockchain platforms currently have too many problems that need to be solved, which creates a big barrier when applied in practice.

Current problems and solutions of OZC Smart Chain

Currently, other Blockchain platforms are using consensus algorithms that have many weaknesses, such as:

  • The ability to process transactions is too small: Bitcoin only 7 transactions/sec, Ethereum 15 transactions/sec, Cardano 250 transactions/sec, etc often overload the transaction system as well as almost impossible to apply to fields that require higher transaction processing capabilities such as e-commerce, online advertising, etc.
  • Unrealistic high transaction fees: from the problem of the ability to process transactions being too small and the unreasonable transaction fee calculation mechanism, the transaction fees are high, creating a big barrier for application in industries with high transaction costs, large data and transactions processing volume, low-cost requirements.
  • Using too many resources, equipment, energy, etc compared to actual needs is to verify transactions and protect the transparency, decentralization of the network. The costs incurred during the operation are too much, up to tens of billions of dollars per year, which are consumed without bringing any real benefits to the community and society.
  • In addition, the use of a large amount of energy, including the energy that turns into and emits CO2 gas, severely affects the environment.

OZC Smart Chain is a new generation Blockchain platform using O-DPoS (Open – Delegated Proof of Stake) consensus algorithm, a consensus algorithm built and developed by the founding team of OZC. With O-DPoS, the OZC system will work with a central 21 Master Node cluster that connects to many other 21 Master Node clusters to create a Master Node multilayer system. These Master Node clusters create a threaded multi-layer processing system similar to the governance mechanism of a government with the following breakthrough features:

  • Transaction processing capacity of up to 1,000,000 transactions per second when reaching 10,000 active Master Node clusters.
  • Extremely low transaction fees, almost zero
  • Use fewer resources such as: requires an average configuration device to be able to participate as a Master Node, using less electrical energy, etc.
  • Environmental protection is one of the highlights of OZC when it comes to low energy consumption, using a low enough resource to build, operate and protect the system. Limit unnecessary wastes generated like current Blockchain platforms.

OZC Founding Team

OZC was designed and developed by the first team of more than 30 advanced engineers, experts in the field of blockchain who have been engineers , developers in tech firms such as: Microsoft, IBM, Google, etc  and the main Blockchain platforms worldwide such as: Ethereum, Cardano, Tron, etc.

OZC builds a team and governance system according to a decentralized model, OZC always has an expansion mechanism to attract new human resources to participate in operating and developing. The central cluster of 21 Master Nodes is shaped like 21 CEOs who jointly operate OZC, making OZC unaffected by anyone or an organization, only the common value of OZC is the most important.

Introduce about the first CEO of OZC

Alex Morozov

Co-Founder & CEO

Mr. Alex Morozov was born in 1978, he graduated from Bauman University in Moscow with a degree in Computer Science. He has worked as a technology development engineer for five years in Rusian Army. He is also a senior engineer at Yandex, the largest search engine in Russia.

From 2014 to today, he has focused on research and development as an expert for IBM’s Blockchain projects, Telegram and numerous Blockchain projects in Russia and worldwide.

With OZC, he is a pioneer in leading the team and community as the first of 21 CEOs to build and operate OZC together.

Introducing the Smart DEX Chain: The First Fully Decentralized Blockchain

London, United Kingdom, 18 May 2021, ZEXPRWIRE,  Smart DEX Chain is a one-of-a-kind blockchain introduced by the SwapDEX exchange platform to become the underpinning of the SwapDex ecosystem. As the name suggests, this new blockchain is a smart chain, meaning it will be capable of hosting smart-contracts. 

There are already several blockchains allowing projects to deploy contracts, including Ethereum, Binance Smart Chain (BSC), Cardano, Polkadot, etc. However, the Smart DEX chain introduces a number of game-changing, more convenient, and reliable options for hosting smart-contracts. This chain is going to be the ultimate competitor against Ethereum and ultimately tower. 

Among the best features of this blockchain include; zero gas fees, top speed and scalability, complete decentralization, the SDX coin, and attractive node rewards. This guide will look into this new smart chain to see how crypto investors will benefit from its launch.

Top Speed and Scalability

Unlike most other blockchains in the business today, the Smart DEX Chain will foster top speeds and convenience for the users. The current situation in blockchain is very discouraging, with top blockchains like Ethereum and Bitcoin facing problems like slow transactions and no scalability. It takes minutes, sometimes hours, for these blockchains to process transactions.

The Smart DEX Chain will completely redefine the role and features of blockchains. It is capable of completing 4,000  transactions every second. 

Processing up to 4k transactions every second will help ensure there are no waiting times for transactions to complete.  The scalability and speed of the Smart DEX Chain will attract many upcoming smart-contract based projects. 

Zero Gas Fees on Smart DEX Chain

The current gas charges in the crypto space  is a barrier to the development of the industry. Ethereum gas charges have, for instance, in the past year, surged over 1,000 percent, and the values are continually surging. BSC was introduced to provide a cheaper alternative to Ethereum, but having the biggest centralized exchange running a chain for decentralized projects is a contradiction itself.  

The new Smart DEX Chain is, however, redefining the game. SwapDex, the first DApp in the Smart DEX Chain ecosystem, will complete many transactions at zero gas fee. It has instituted policies that will ensure this chain will be self-sustainable without depending on the gas fee collection. However, in deploying smart contracts, projects will be charged favorable fees.

Earn Great Rewards when Running Masternodes

Masternodes are systems instituted to help in mining coins. So how can someone run a masternode on the Smart DEX Chain?

Foremost, you must have at least 10,000 SDX coins to be eligible to run a masternode. If you have more coins you can choose to run multiple masternodes and earn more rewards. 

Another requirement is a computing device with at least 4 GB RAM. These computing devices include a phone, laptop, virtual private server, and Raspberry Pi. 

Persons running masternodes have a chance to earn significant passive rewards. The number of block rewards per minute in the first year will be 220 SDX coins,  with masternode owners receiving 51% of the rewards along with 9% going to stakers of the SDX coin and 40% going to the Community Treasury. 220 block rewards per minute is equal to about 9.5 million SDX released monthly. 

This blockchain will implement an annual reward halving concept to protect the coin’s value. Therefore after one year, the block rewards per month will reduce to 4.25 million SDX.  

A Truly Decentralized Blockchain

There is no major blockchain today which can boast to be decentralized. All blockchains, including BSC, ETH, and Bitcoin are highly centralized since only a small number of people control the platforms and businesses. 

Smart DEX Chain is introducing a truly decentralized blockchain network. The community will have control over the entire Smart DEX Chain. Persons holding large sums of coins and running masternodes will have voting shares. For instance, one masternode is one share. 

The community will be able to put proposals up for initiatives which strengthen the platform and these will be voted on by those running masternodes. Generally, a proposal will have a set number of SDX coins required and these will be made available from the Community Treasury fund which amounts to over 35% of the total supply of SDX.

The SDX Coin

The SDX coin is the native coin of the Smart DEX Chain, and it will help power all the activities on the blockchain. One of the main functionalities of this new coin is a payment currency for services provided by the Smart DEX Chain.

Initially, the coin was an ERC-20 token, but  with migration to the Smart DEX chain, SDX officially became a coin. 

Since the coin was trading as an ERC-20 token, all token holders will swap with the coin version once the blockchain launches. The swap will take place automatically at a 1:1 ratio. When the blockchain launches, the starting supply of SDX coin will be 200 million, approximately 90 million of which will be used to settle things with the token holders. 

Final Word

After looking into the Smart DEX Chain, it’s clear that this blockchain will redefine the crypto business. For the first time, crypto users will enjoy using a blockchain that does not charge any gas fees. This 0 gas fee policy is a relief for the DeFi and crypto community. 

The Smart DEX Chain will also foster top scalability and speed by processing up to 4,000 transactions every second. Running masternodes will bring vast benefits for blockchain users. As the SDX coin gains value, the holders will enjoy making excellent profits from holding the tokens. Finally, SDX will be decentralized, meaning the community has full control over the project. 

Smart, Easy, Safe, Global: Bitpapa Launches Telegram Bot for Crypto Exchange

Cryptocurrency exchange may be a complicated and challenging process for a crypto rookie. Users may waste their time looking for suitable tools and menus to send/receive the funds due to a non-friendly UI. Moreover, sending funds always means the fear of loss for a user as there is no guarantee the transaction would be safe and fair. Crypto transactions may also take time which impacts the transaction rate, along with the fees and commissions.

The transaction speed always depends on the network load. But any delay may be crucial here. Meanwhile, the number of users involved in the cryptomarket keeps growing as the Bitcoin rate boost heats up their interest. In most cases, people prefer to use Telegram, searching for the information on the cryptomarket, as this messenger involves a lot of other crypto enthusiasts, chats, channels and communities.

Recently, Bitpapa has launched a Telegram bot @Bitpapa_bot for safe cryptocurrency exchange operations. This is a technical solution providing a convenient way to quickly buy & sell cryptos. In fact, Bitpapa is a global cryptocurrency exchange platform based in Dubai which has a full-fledged mobile app offering quick & safe crypto trades. The project team made crypto exchanges smart, safe and easy thanks to an intuitive UI, escrow, and trusted environment.

Thus, Bitpapa is a P2P platform for crypto exchange. It helps to find a buyer or a seller of Bitcoin, Ethereum, or USDT directly. No need to search for the most profitable exchanger and compare rates in several places. A user can buy cryptocurrency with his banking card from another person with no extra fees and overpayments.

The platform offers various payment methods like wire transfer, card payment, electronic wallets. A user can create an account with deposit and start the exchange. Besides, every user has a rating, feedback and trade terms. Before engaging in any transaction, the user can check the seller’s account and make a decision.

Any crypto trade can be started in Telegram bot and the user can continue it on the website or in the app. This also works the other way: a user starts the trade on the website or in the app and finishes it in Telegram bot. It provides a cross-platform integration which is a convenient way for users to perform transactions as they may want.

The exchange process within Bitpapa is easy. First, the user inputs the necessary amount to buy/sell cryptos. Then the system provides the list of suitable exchange offers. The user can choose the offer by its rating, feedback, history, country and some other features. All the transactions are carried out quickly. No fees or commissions involved. The safety within the platform is guaranteed by the escrow. Once a user sends a request, the specified amount will be charged from the seller’s balance. Then the crypto will be locked in the escrow system for a certain period of time specified by the buyer. During this time the buyer should make a money transfer to the seller. As the seller confirms the money transfer, the crypto funds are released from the escrow system. The buyer receives the crypto and leaves a feedback. The users evaluate and score each other after the trade. Everyone has a certain rating, depending on the transaction history and transaction success. This rating allows others to make the right choice. It creates a trusted environment within the platform and decreases the fear of loss and other risks. Moreover, there’s a support group and help desk operating 24/7. They are eager to give a hand on any relevant issue.

The Bitpapa project team plan to add Monero and Litecoin for the exchange operations. Now they’re working on the integration of different crypto-banking systems so that any user from any place in the world would be able to quickly buy and sell cryptocurrency, making it available to anyone. The idea of the project is to help users to change the money freely, without banks or financial institutions, and thus achieving financial independence and success. This inspires the team to protect their users’ accounts and funds, solve their problems, and provide them with fast & safe crypto transactions.

Media contact
Company: Bitpapa
Contact: James Sparks
E-mail: [email protected]
Facebook: https://www.facebook.com/bitpapacom
Telegram: @Bitpapa_bot
Website: https://bitpapa.com