SmartLedger paves the way as we enter a new year for BSV Blockchain

Things are heating up in the world of the BSV blockchain, with the collapse of the “crypto house of cards” well underway and a renewed level of excitement hitting the ecosystem as we enter a new year. Today we’re going to look at the buzz around SmartLedger, specifically regarding their proof of concept (POC) development news and expansion into the booming Middle East market.

As Zack Resnick said at The Unbounded Capital Summit in NYC last September, the game is about showing versus telling the world what we can do with BSV. It’s about creating benefit. And this is exactly what the team behind SmartLedger is doing with its long list of POCs, which will soon be launched into MVPs.

So what exactly is SmartLedger?

SmartLedger is a company that provides enterprise blockchain solutions and custom app development, with a particular focus on the BSV blockchain and its unique ability to scale and power a world of micro and nano payments. Greg Ward, Chief Development Officer for SmartLedger, also a musician, was happy to share some details about the innovation behind the eight POCs he put together over the days and the role blockchain technology plays in each of them.

The purpose of blasting out so many POCs in the new year, as discussed during Joshua Henslee’s interview with SmartLedger’s Bryan Daugherty, is to get creative minds thinking with examples and ignite ideas about what blockchain technology can drive.

We start with POC’s Rare Generation and Streamable FM, both focused on improving the music industry for artists and consumers by prioritizing Digital Rights Management and streaming.

“Rare Generation enables artists and publishers to publish content and specify ownership percentages on the public, immutable, Bitcoin SV blockchain. Premium members will have their content immediately available on Streamable FM for consumers to stream,” explained Ward.

“Using Rare Generation’s on-chain publishing and digital rights management information, Streamable FM offers a global, latency-free content streaming service that instantly pays writers and publishers when listeners access their content. This service generates significantly more revenue per stream compared to Spotify and provides an immutable view of streaming payments,” he added.

The ability to transact in micropayments is one of the biggest innovations of Bitcoin (and the blockchain that powers it), and both micro/nanopayments and microtransactions are at the heart of Rare Generation and Streamable FM.

“The ability to send micropayments gives Rare Generation users the ability to split ownership percentages of content down to single percentage shares. While this may not seem significant, it enables Streamable FM to immediately pay stakeholders subcent fees without intermediaries or friction,” said Ward.

“By eliminating the barriers that traditional streaming platforms have, Streamable FM can give content creators many times as much as Spotify,” he confirmed.

A unique feature of these two POCs – in addition to the remaining six on the list – is that they are accessible to users via a universal HandCash login. I asked Ward to elaborate on the benefits of logging in through HandCash and how this simplifies the process for users.

“Universal logins make it easy for users to take advantage of the possibilities of scalable blockchain technology; such as secure ownership and transfer of digital assets, identity verification and micropayments,” he said.

“Single-sign on solutions like HandCash and other payment post providers allow users to easily access the power of the blockchain without having to remember a long private key or a set of 12 words. This will accelerate the adoption of blockchain technology,” he pointed out.

“SmartLeder is actively building our own single sign-on solution/Multi-pass Enterprise BSV Wallet, called E2. We currently use this wallet for our other applications, TicketMint and Certihash, as an asset management and identity solution,” Ward revealed.

In addition to these music industry applications, Ward is working on six additional POCs in the pipeline, all on track to become MVPs:

Verified Votes is an innovative new application that enables users to create custom campaigns and polls and publish them on the blockchain for a permanent and verifiable data record. Campaign creators are given a unique verifiedvotes.org/campaign URL that they can share with others to participate and post their votes on the blockchain. This can be used for board meetings, controllable social media polls and much more.

Metameet is an encrypted, verifiable, blockchain-based communication tool. It allows users to generate a unique encryption/decryption key and URL to share with others. By using blockchain and mempool, we can create instant, encrypted and verifiable message chains. This can be used for contract negotiations, social media, security etc

VanitySV was an application created and built in less than a couple of hours. Users can have fun seeing if they can find a custom BSV address. It costs 5000k Satoshis per 5000 guesses.

FilterSV is a customizable blockchain search tool that allows users to select a phrase and monitor the mempool in real-time to see filtered transactions. For example, a user might enter the term “twetch” or “streamablefm.”

Satosender is a recently launched application that acts as a Bitcoin SV faucet and giveaway platform. Users can visit Satosender daily to login and receive 5000k Satoshis. When a user registers for the first time, they are eligible to win a daily 50k Satoshi giveaway and have a chance to win NFTs, music and other prizes.

Paycircles is a blockchain-powered value distribution platform where users can create circles of their recipients’ payment record handles and percentages, publish the circle to the blockchain, and call in the future to pay the recipient circle.

To hear more about these POCs from Ward himself, be sure to watch the first episode of CoinGeek Livestream Season Three, where he shares details about all of them.

In addition to all the development work Ward has been busy with, Blockchain Smart Technologies, a subsidiary of SmartLedger, recently opened an office in Dubai to enable expansion into the booming Middle East.

So why did they choose Dubai over the other hotspots in the region?

“Modern Dubai is the most active and attractive business-technology hub in the Middle East. It is here that individuals and companies from all over the world put down their roots to become part of this thriving ecosystem,” said Eva Porras, CEO of Blockchain Smart Technologies.

“Dubai began to stand out as early as 2018, after its ruler HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, launched the UAE Blockchain Strategy 2021 and set the Emirate’s trajectory saying ‘Dubai will never settle for anything less than first place,” she said.

“We established ourselves in Dubai because we share this vision and want to be among those who will not settle for second place in leading this technological revolution,” Porras added.

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