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OneLife Network News

How The Blockchain Can Contribute To A Greater Environmental Sustainability?

The financial services industry has been investing in researching and implementing the blockchain for the past decade. The aim has been to explore the opportunities it provides to revolutionize the industry, to improve efficiency and also – to reduce costs associated with conventional financial services.

Besides financial services, the blockchain technology has useful applications in many other industries, solving a vast area of issues that have not been overcome with conventional methods so far. For example, recent researches show that the distributed database can be used as an instrument to support the efforts of scientists and contribute to a greater environmental sustainability worldwide.

Environmental pollution can affect the air we brеаthе, the soil we plant in, the water we drink, the light and noise. The air pollution, for example, is one of the greatest hazards the modern world faces today. And environmental experts are turning towards the blockchain technology in an attempt to control the amount of pollutants in the atmosphere.

According to The Guardian the five most-developed countries in the EU (Germany, France, Italy, Spain and the UK) are all violating the recommended limits of air pollution and have been given two months to take action. Pollution is causing millions of premature deaths worldwide every year – predominately in low- and middle-income countries. And the World Health Organization (WHO) is confident that, if air pollution is reduced, it would definitely lower the rates of stroke, heart disease, lung cancer, asthma and respiratory disease.

Read More: How air pollution harms your health and how to avoid it

A new study, published in the journal The Lancet, reports that air pollution is killing two people in India every minute, with the country's environment turning more toxic every day. According to the study, some of the worst polluted cities of the world are in India, where citizens risk their lives in certain areas.

Read More: Patna, Delhi among most polluted cities: Report

As the author Yunyun Chen states in her article on Blockgeeks, a decentralized network of air pollution monitoring could be the solution for the pressing environmental issues. Speaking of the pollution of the air in China, she suggests the revolutionary idea of creating a shared network of sensors – devices, owned by individuals, home installed sensors, personal and wearable devices that are all connected to each other with the help of the blockchain technology. This way, they would be able to exchange information among them and all the shared data will be public, transparent and non-changeable.

Thus, an open market on blockchain for data and asset token trading between individuals and big data companies will be created. The government will also have access to the distributed ledger and could be able to supervise industries, make policies and punish plants that are responsible for the pollution of regions.

Read More: How Can Blockchain Technology Help Fight Air Pollution?

The uses of the blockchain technology are countless. One of its biggest advantages is its transparency and the security of the shared information within it that could contribute to the development of every economy worldwide.


OneLife Network Opens Two Brand New Offices In Latin America!

ONELIFE NETWORK OPENS TWO BRAND NEW OFFICES IN LATIN AMERICA!We have some more thrilling news to share: the OneLife Network is opening TWO BRAND NEW OFFICES IN LATIN AMERICA - in Mexico and Colombia!

The OneLife Network office in Mexico city is located in a secure sector of the city with terrific public transportation access. This office has been open for a few months with the intention to serve our IMAs in Mexico. At the current time we are not able to provide CUSTOMER SUPPORT for any backoffice questions/issues at the office, so please do not inquire on this as the personnel has not been trained yet. During the next quarter we will have some limited customer support capabilities.

ADDRESS:
LAGUNA DE TERMINOS 221
EDIFICIO B OFICINA 401
COLONIA GRANADA
Ciudad Mexico
CP 11520
Phone: 71553502

The offices include 9 private workstations with a capacity for 10 people, the offices can be used from 8 am to 8 pm.

There is also a VIP area with a capacity for 100 participants and it can be reserved from 8pm until Midnight. This event room is perfect for medium-sized meetings to hold OLN demos and recruiting events, etc.

The best part is that THERE IS NO COST TO USE THE OFFICES. The OneLife centre is for the exclusive use of OLN members and their potential recruits, and anyone who does not abide by the rules and regulations of the centre will be forbidden from using it in the future.

To utilize the office, call the above number and the receptionist will take your information and make the reservation. Reservations have to be made with at least 24 hour in advance. You can also contact the number above for further clarifications and additional information.

Stay tuned for more information about our new office in Colombia!


Artificial Intelligence In The Banking Sector

We see artificial intelligence’s everyday usage within payments, money management and for robo-advice, in the area of intelligent digital assistance that handle customer service inquiries and tasks. Artificial intelligence (AI) processes “big data” more efficiently than humans do and can identify speech, images, text, patterns of online behavior and many more.

We can say that by definition AI is the power of machines to interact and learn to complete tasks previously done by humans. The learning process and the interaction with humans and other machines lead to improvement of natural language as well as faster and more accurate decisions.

In financial services there are many factors that are leading the industry to implementation of innovative approaches based on AI. Some of them are the massive growth of structured and unstructured data, the availability of new technologies such as cloud computing and machine learning algorithms, pressure brought by the competition and of course the development of new regulations and the escalation of consumer expectations.

We can find many of the benefits of AI for the banking sector in back office operations, product delivery, customer experience, compliance, marketing and risk management.

Customer Advise and Personalization
2017 Retail Banking Trends and Predictions report states that the focus nowadays is on the customer experience, and the need of personalized communication and advice. Here AI comes in the form of robo-advisers, which are online wealth management services that provide automated, algorithm-based portfolio management advice without the help of a human counterpart. These automated financial advisers and planners can guide users in decision making, also make recommendations related to buying or selling stock and bonds. It is believed that custom marketing and solution development to improve the customer experience will be the primary use case for financial organizations.

Customer Support
The continuous update needed to compliance requirements, customer informational documentation and FAQ (Frequently Asked Questions) is another very important application of AI in the banking sector.

Fraud Detection
For many years AI has done far more than just improving the monitoring process, but is now able to respond in real time to potential fraud. Tools which learn and monitor users’ behavioral patterns to identify anomalies and warning signs of fraud attempts are now available. In addition to these tools, a collection of evidence necessary for conviction are both used to fight crime.

Personal Finance
Companies that provide financial services are now embracing personal finance management such as smart wallets that monitor and learn users’ habits and needs, alert and coach users, when appropriate, in order to show restraint and to alter their personal finance spending and saving behaviors.

Voice Banking
This new technology allows customers to use voice commands for banking services. The natural language technology can process queries to answer questions, find information, and connect users with various banking services. The financial services company – Barclays is now developing a technology that will allow users to make money transfers by talking to a robot computer system.

Read More: Top 10 Retail Banking Trends and Predictions for 2017, Financial Brand

By far most of the financial services organizations use AI solutions to increase workforce productivity, but there are many other that identify opportunities in data which would be otherwise missed. The third most common reason the financial sector is adopting artificial intelligence is that it improves their ability to compete with peers.

We live in a technological era, and probably there is no turning back, so banking and financial services organizations need to pay attention and be prepared for technological developments such as AI and plan ahead for what is coming, including how they will address the changes.

However, it is very important to ensure that these intelligent applications are developed in a way that they would provide the desired benefit and that the user could trust the advice and services provided.


OneCoin Transactions In DealShaker Shopping Section Now Live

In an official press release we announced today that the shopping section of DealShaker has been launched and OneCoin transactions are now live! As we stated last month, the DealShaker advertising platform opened for merchant registrations on January 16th. Starting today, customers are able to shop for products and services with their OneCoins (ONE) and cash. DealShaker is another step in line with the company's vision to create a mass market for OneCoin and to become the biggest cryptocurrency in terms of number of users and market capitalization.

The user-friendly browsing menu of www.dealshaker.eu has been divided in categories, where all registered deals are classified depending on what the merchant is offering. When entering the Home page users see the different options, letting them choose among entertainment and hobby, travel, health and personal services, food and beverage, beauty and SPA, accessories, decoration, appliances and many other categories.

Navigation through the deals in the platform is based on the location, listed in the merchant’s address. Users can preview the featured deals on the DealShaker home page and continue to browse or preview all other deals, organized by date of publishing.

The coupon redeeming process has been made convenient and quick, as we value the time of our merchants and customers. Coupons can be redeemed without a login with user credentials in order to enable employees to check in the coupon without a registration. Merchants generate a unique Business Identification Number (BIN) for their registered profile. Coupon redemption requires the BIN + the Unique Coupon Code.

In less than a month after releasing the first phase of the project, opening of DealShaker for merchant registrations, there were over 5000 registered businesses and more than 60 000 daily visits by individual users. The sellers receive at least 50% of the offered price in ONE. The rate of ONE is fixed and determined by the current exchange rate of the coin, modified with the change in the mining difficulty of the coin.

The purpose of the DealShaker is to serve as an e-commerce hub, making customer-to-customer and business-to-customer deal promotions easier and more accessible for everyone. By subscribing to DealShaker all users become part of a global Network, where everyone can register a merchant profile and start offering deals. The registered merchants can promote and sell deal coupons for their offers, which will be sent to the client electronically once payment is made.

It is important that all buyers and sellers keep in mind that the OneLife Network only serves as a mediator and the provider of the e-commerce platform. We neither offer nor sell goods and services. Hence, the merchants are solely responsible for all matters related to the deals they offer and their interaction with the customers.

Because our company has always greatly valued transparency and trust, KYC/KYB compliance also applies to all merchants registered with DealShaker, requiring that they provide information about themselves and their activities upon registration.


The DealShaker Shopping Section Has Been Launched!

THE DEALSHAKER SHOPPING SECTION HAS BEEN LAUNCHED!We are really pleased to announce the successful launch of the shopping section of our new pilot merchant platform - The DealShaker!

This is great news for all members of the OneLife Network, who can now not only register on the platform, but can also buy and sell products or services using the OneCoin cryptocurrency. Merchants who have already registered can start promoting their deals to a multi-million network and take active part of what promises to become the YEAR OF THE MERCHANTS!

As we announced last month, the DealShaker is the first platform to offer its members the chance to pay for their purchases in a combination of OneCoin cryptocurrency (ONE) and Cash (Euro). Merchants are now able to promote and sell deal coupons for their promotional deal offers, which their potential clients can later redeem in exchange for the promoted service or product.
Being the exclusive cryptocurrency on DealShaker, the rate of ONE will be fixed for all users of the platform, adjusted with the change in the mining difficulty of the OneCoin cryptocurrency.
For all buyers who wish to claim a deal and purchase deal coupons, but do not have enough OneCoins in their OneCoin account, the system will offer an automatic compensation at a fixed selling rate, which will allow them to compensate the ONE deficit in EUR and proceed with their purchase.

Since we value the time and the efforts of our members, login and registration was made easy and quick. All members can access the platform simply by using their OneLife credentials, without having to sign up or register again. You can access the platform through the official web link: www.dealshaker.com.

We kindly remind all buyers and sellers that the DealShaker platform will only serve as a mediator to present classified ads of services and products to the OneLife Network. DealShaker will not act as a retailer, but as an advertising platform empowering buyers and sellers globally. Merchants will be solely responsible for all matters related to the deals they offer and their interaction with the customers.

As a pilot version of a software platform, empowering purchases in the unique combination of EUR + ONE, the DealShaker and OneLife teams will be closely collaborating for the first year of operations of the platform to ensure that all feedback received from the OneLife Network will be addressed as efficiently as possible. This will encourage an environment of rapid growth and development for the platform and will help create a stable solid relationship between all users of the One Ecosystem.


SAVE THE DATE FOR THE ONELIFE GLOBAL EVENT IN MACAU!

SAVE THE DATE FOR THE ONELIFE GLOBAL EVENT IN MACAU!As we all know, some of the most anticipated and exciting occasions in every Member's calendar are the OneLife GLOBAL EVENTS!

And as we promised, this year we are continuing our tradition of getting together to evaluate our progress and share the exciting news about all our upcoming projects! This time the venue is in MACAU, and the dates are the 6th and 7th of May, 2017! 

Don't miss the chance to see all of the biggest names in the industry, including OneCoin founder and visionary Dr. Ruja Ignatova, the OneLife Network CEO Mr. Pablo Munoz, global master distributor Sebastian Greenwood and many more!

The event will be held at the beautiful Studio City Events Center and the members will have the chance to stay at the lovely hotels around the center itself, which provide high-class accommodation for their guests, and we hope to ensure preferential rates for our Members!

More information regarding the venue, accommodation, ticket prices and speakers will be available soon, so stay tuned!

We are really looking forward to seeing you all there so do not hesitate, SAVE THE DATE!


INTRODUCING THE AMAZING POWER PACK!

INTRODUCING THE AMAZING POWER PACK!The OneLife Network is constantly improving and creating new opportunities for all its Members. That is why we decided to expand our product portfolio with one of the most amazing offers to ever hit the market - the brand new POWER PACK COMBO!

This latest addition to our network gives you all the chance to maximize your Promotional Token count, combining the Tycoon+, Premium AND Infinity Packages! (You will have a choice of either the Infinity or Infinity+ options)

It gives you a total of 531 818 Promotional Tokens, 6/7 Splits (depending on your choice of Infinity Package), 48 750 BVs and access to all 7 levels of OneAcademy! And don't forget to combine this amazing offer with our other promotions to get the most out of the Power Pack! And in addition, we've also listed a special bulk Package promotion - buy 6 and get 1 FREE!

And probably the best part of this offer? As is valid for all Packages above the Power Pack - you will get ALL THE SPLITS YOU ARE ENTITLED TO AT ONCE

For more information about the Power Pack Combo contact support@onelife.eu.


DOUBLE YOUR COINS WITH THE ONELIFE PROMOTION FRENZY!

DOUBLE YOUR COINS WITH THE ONELIFE PROMOTION FRENZY!We have some really exciting news for all of you with the introduction of possibly the BEST PROMOTION EVER for the OneLife Network! In addition to the official launch of the buying section of the DealShaker Merchant platform, the extended duration of the Winter Wonder Wheel and all the regular promotions we offer for the OneAcademy educational packages, now you will all have the chance of a lifetime.

DOUBLE THE AMOUNT OF COINS YOU MINE BY SUBMITTING ALL YOUR TOKENS INTO MINING within 5 DAYS AFTER THE NEXT SPLIT! This is by far the one of the best opportunities the OneLife Members have ever had to make the most of their Package purchases and upgrades!

This amazing promotion will last ONLY 5 DAYS so make sure you take advantage of the DOUBLE COINpromotion, and keep an eye out for the NEXT SPLIT. Then submit all your Promotional Tokens into mining and get DOUBLE the amount of Coins you would regularly receive!

And that's not all, we won't stop with the promotions yet! As of Monday, EVERY PACKAGE UPGRADE GIVES YOU AN EXTRA SPLIT on top of what you would get with a regular purchase! This offer is only valid for a limited time only, so don't miss your chance - go to your Backoffice and upgrade your package now! If you are a TEAM LEADER, make sure you communicate this message to all members in your downline, so they don't miss this fantastic opportunity! 


OneCoin Transactions In DealShaker Shopping Section Now Live

In an official press release we announced today that the shopping section of DealShaker has been launched and OneCoin transactions are now live! As we stated last month, the DealShaker advertising platform opened for merchant registrations on January 16th. Starting today, customers are able to shop for products and services with their OneCoins (ONE) and cash. DealShaker is another step in line with the company's vision to create a mass market for OneCoin and to become the biggest cryptocurrency in terms of number of users and market capitalization.

The user-friendly browsing menu of www.dealshaker.eu has been divided in categories, where all registered deals are classified depending on what the merchant is offering. When entering the Home page users see the different options, letting them choose among entertainment and hobby, travel, health and personal services, food and beverage, beauty and SPA, accessories, decoration, appliances and many other categories.

Navigation through the deals in the platform is based on the location, listed in the merchant’s address. Users can preview the featured deals on the DealShaker home page and continue to browse or preview all other deals, organized by date of publishing.

The coupon redeeming process has been made convenient and quick, as we value the time of our merchants and customers. Coupons can be redeemed without a login with user credentials in order to enable employees to check in the coupon without a registration. Merchants generate a unique Business Identification Number (BIN) for their registered profile. Coupon redemption requires the BIN + the Unique Coupon Code.

In less than a month after releasing the first phase of the project, opening of DealShaker for merchant registrations, there were over 5000 registered businesses and more than 60 000 daily visits by individual users. The sellers receive at least 50% of the offered price in ONE. The rate of ONE is fixed and determined by the current exchange rate of the coin, modified with the change in the mining difficulty of the coin.

The purpose of the DealShaker is to serve as an e-commerce hub, making customer-to-customer and business-to-customer deal promotions easier and more accessible for everyone. By subscribing to DealShaker all users become part of a global Network, where everyone can register a merchant profile and start offering deals. The registered merchants can promote and sell deal coupons for their offers, which will be sent to the client electronically once payment is made.

It is important that all buyers and sellers keep in mind that the OneLife Network only serves as a mediator and the provider of the e-commerce platform. We neither offer nor sell goods and services. Hence, the merchants are solely responsible for all matters related to the deals they offer and their interaction with the customers.

Because our company has always greatly valued transparency and trust, KYC/KYB compliance also applies to all merchants registered with DealShaker, requiring that they provide information about themselves and their activities upon registration.


The Next Generation Of Blockchain Platforms Or Just A Hype?

Described as a central component of next generation blockchain platforms, smart contracts resemble computerized transaction protocols that aim to execute the terms of agreed upon contractual conditions, programmed directly into the blockchain. They are automatically executed, thus minimizing counterpart risk, reducing settlement time spans and increasing transparency.

One of the smart contract definitions can be traced back to late 1990s, when Nick Szabo referred to them as “self-automated computer programs that can carry out the terms of any contract”. When the blockchain technology was introduced in 2009, the first blockchain solution was designed to perform a small set of simple operations in order to provide efficiencies and intangible technological benefits, making it possible for users to make peer-to-peer transfers based on trust.

Further developments of this technology explored the powerful side of blockchains and its capability to perform much more complex operations. Blockchain applications developed by businesses have the capacity to become one of the key pillars of the next generation blockchain technology.

Lately smart contracts have become a hype theme but Ethereum’s description has proved to be the most popular among companies looking to adopt the blockchain-based solution. In the sense of general purpose computation that takes place on the blockchain, smart contracts have been described in Ethereum’s white paper as “cryptographic boxes that contain value”: “...Ethereum does this by building what is essentially the ultimate abstract foundation layer: a blockchain with a built-in Turing-complete programming language, allowing anyone to write smart contracts and decentralized applications where they can create their own arbitrary rules for ownership, transaction formats and state transition functions… Smart contracts, cryptographic "boxes" that contain value and only unlock it if certain conditions are met, can also be built on top of the platform, with vastly more power than that offered by Bitcoin scripting because of the added powers of Turing-completeness, value-awareness, blockchain-awareness and state. ”

READ MORE: A Next-Generation Smart Contract and Decentralized Application Platform

Essentially, smart contract financial applications are developed for banks and financial institutions, which focus their efforts on developing solutions that run on private and permissioned blockchains with limited set of users. The reason is that in reality the issuers have to be trustworthy and in some cases the banking infrastructure is not suited to implement other than centralized blockchain solutions. What is more, private blockchains are more suited for customized solutions expressing business logic and the relevant events that trigger it, including using digital signatures proving those messages and recording them on the blockchain.

READ MORE: Smart contracts: The good, the bad and the lazy

The applications of smart contracts can be financial, semi-financial or applications with no financial characteristics. Financial applications can be developed so that they offer better suited ways to users to manage and enter into contracts, when using their money, including savings wallets, wills, hedging contracts, sub-currencies, financial derivatives, etc. Among them financial derivatives are the most used and simplest applications. The main issue is the way financial contracts will be implemented, since most of those require a reference to an external price ticker.

Another highly potential application of financial contracts is cryptocurrency commerce, where smart contracts offer a potential solution to their volatility by presenting a solution via issuer-backed assets like sub-currency. The advantage of sub-currencies is that the issuer has the option to issue and revoke units, as well as to provide a unit of the currency to anyone able to present a unit of a specified underlying asset like gold or any fiat currency offline.

Semi-financial applications have both monetary and non-monetary part and are used as self-enforcing bounties for solutions to computational problems. The third type has no financial characteristics and can be used for online voting and decentralized governance. Further applications of smart contracts are in cloud computing, savings wallets, crop insurance, prediction markets and more.


Blockchain Could Improve Global Food Safety

The blockchain technology is rapidly gaining interest from different industries, since the more it is explored, the more the promise of disruption of traditional business models is considered unavoidable. For example, during the Food Valley Expo in October, the potential and possibilities for solutions based on the blockchain for agricultural foods were presented, using this technology as a tool to create trust, transparency and empower digital compliance.

There are so many steps that need to be made in order to provide people with the food they need and want. Millions of pounds of food are distributed daily through many people, organizations, and of course, governments that cultivate, control and analyze, ensuring the food reaches the end consumers. The efficient collaboration based on trust among people, organizations and institutions is necessary so that the global food supply chain can be preserved.

The need for change is essential, and this could be seen in the data shared by the World Health Organization (WHO). According to WHO an estimated 600 million, or almost one in every 10 people in the world, fall ill after eating contaminated food every year. And 420,000 of them die, resulting in the loss of 33 million healthy life years from global societies and economies.

READ MORE: Food Safety

While being the most negative and strong reason to tackle the problem, it is not the only one. The agricultural food business is a very complex environment, with many different stakeholders, perishable goods that need to be transported across the world, and low margins. Not only is the demand for food growing, but also the desire to have ‘any’ food, ’any’ time, ’any’-where. This means that it has been necessary for food supply chains to go global. While the income for farmers remain marginal, they are under pressure to produce high quality food as consumers become more demanding.

Through the last years, we have witnessed many unusual and unsettling food scandals, like exploding watermelons, fake eggs in China and glowing meat in Australia. In a recent survey by Trace One, 68 percent of consumers in the U.S. said they don’t have enough information about what is in their food and its origins. More than 90 percent of consumers reported it is somewhat to very important to know where their food is coming from. Trust and lack of transparency are issues that are common in many industries in the face of increasing demand by consumers for better and more trustworthy information, especially in food.

As pointed out by Chris Morrison, CMO of Trace One: “The good news is that consumers worldwide have embraced the value of private brands, but the bad news is that they still do not trust the quality, safety and ingredient documentation of any food brand – be it private or national… Consumers are demanding more information and want reassurances that the foods they’re eating are safe – and originating from reliable sources. Brands that go above and beyond to share accurate and reliable product information with consumers will ultimately be rewarded with increased consumer trust.”

READ MORE: Consumers Buy Private Brands but Concerns in Food Quality and Safety Point to Need for Greater Transparency

As written by Bridget van Kralingen on the IBM Think Blog: “The focus on safety throughout the global food supply chain is at an all-time high, for all the wrong reasons. The numbers of people sickened by contaminated food products continues to escalate and recalls are issued with increasing frequency… Like virtually every other complex issue in a world dominated by data and how it’s used, the complex “system of systems” that is our global network of food production, inspection and distribution is primed for improvement via more open, transparent and fluid handling of information at every point in the journey from field to fork.”

READ MORE: Blockchain’s Role in Improving Global Food Safety

And here is where the blockchain can make a positive impact and offer a solution for the challenges the industry is facing. If accurately implemented, the blockchain technology could create an unchangeable digital record of data, listing the transactions. Because of its specifics, the technology provides trust between peers/stakeholders and the necessary transparency. Therefore it is believed to be the best solution for tracing the safety and authenticity of goods as they move from one food supplier to another and further across the supply chain – all the way to store shelves and the end consumer. Also – by transferring all transaction records and listing them on the blockchain could generate time and cost savings.

A collaboration between IBM, Tsinghua University and Walmart is set to offer a similar solution to these issues. Top talents in transaction security and authentication technology, experts in supply chain, logistics and food safety gather to create a new model for food traceability, supply chain transparency and auditability, using an IBM Blockchain. This is going to help retailers better service and manage the shelf life of products and limit the risk of non-compliance in stores, guaranteeing that consumers are getting safe products and goods.


Blockchain - The Next Big Thing In Music Industry

In the past decade the blockchain technology has been considered a unique solution with the potential to solve business challenges in different industries – from insurance and banking to healthcare, education, telecommunications and many more.

Entrepreneurs have been working hard to adopt the blockchain in the music industry, intending to solve issues that so far have not been effectively approached. According to the BSAC Business Paper, “What is the Blockchain and what could it mean for the audiovisual industries?”, many sectors in the music industry, including the audiovisual sector, regard the blockchain technology as a potential solution for the issues related to the compound and ownership rights.

READ MORE: BSAC Business Paper: What is the Blockchain and what could it mean for the audiovisual industries?

According to experts, the lack of transparency of ownership data (i.e.metadata) is one of the biggest problems the music industry has been facing for a long time. As Benji Rogers, the CEO and Co-Founder of the company PledgeMusic, states in his blog Cuepoint: “Metadata in this case is the basic info that is needed to identify who wrote, performed, and owns the music that you listen to every day”. The validity of this data has been considered crucial for the performers and others that have created, and worked on a particular song, so that they could get paid when someone plays or distributes their music.

Therefore, Rogers suggests an innovative solution based on the blockchain – a globally accessible decentralized database that is expected to unite and keep the metadata for all of the music already made and also the music to be made in the future. This public space would allow artists to represent themselves and would give companies the chance to use this music database, and actually find the information they need, based on the gathered data.

Rogers calls this a “Fair Trade Music Database”, in which any song would need to have the so called Minimum Viable Data (MVD), attached to each work. If the project succeeds, the positive outcome will be that every song’s MVD could be put into a global decentralized ledger owned by everyone involved in the music industry on one hand, and on the other, music industry representatives would be able to cope with ownership, payments and transparency problems much easier.

READ MORE: How the Blockchain and VR Can Change the Music Industry

This sounds almost futuristic, especially for people, who haven’t heard about blockchain technology and its potential applications in different industries before. Usually people consider that most of the industries, except for the banking and insurance sectors, need much more time, research and development to put the blockchain technology to good use.

However, we have been reading about industry projects on a daily basis, which are already testing this innovative technology and there are great examples in the music industry too - the last one announced this week, on February 1st. The dotBlockchain Music Project (dotBC) (Co-Founded by Benji Rogers), announced their collaboration with industry partners, SOCAN (including its subsidiary, MediaNet), Songtrust, CDBaby, and FUGA.

The idea behind the DotBC project is that by using the blockchain technology and open source systems, the industry will be able to create an easy-to-access cataloging system, solving issues related to music rights, ownership, payments and complex data. Though DotBC is still in its testing stage, Rogers is optimistic that the project will prove to be valuable enough to be adopted as the industry standard. As Rogers stated:“We hope to include not only companies, but also individual artists and songwriters, DJ’s, and musicians, so that they can all be represented within the system fairly.”

READ MORE: Blockchain-Based Music Project Announces Major Industry Partners


Steps to Success – Know Your Brand Guidelines

STEPS TO SUCCESS – KNOW YOUR BRAND GUIDELINESWe are proud to share that the OneLife Family is getting larger every day! Our members are from all around the world – from different geographic areas and various cultures. OLN is a community with a strong mission and an exciting vision for the future. Therefore, we are confident that brand guidelines that set the grounds for consistent and unified communication are the key to networking success.

Hence we would like to remind you of the importance of your role as Brand Ambassadors, because it directly affects the corporate image of the Company. Remember that you are under strict obligation to always comply with the Ethical Rules for dealing with Clients, other IMAs and Companies, described in the OneLife Terms and Conditions and in the rules regarding advertising initiatives in the IMA Agreement.

During presentations and when communicating promotions, follow the content issued by the Company and avoid any information that could mislead clients, other members or potential stakeholders. IMAs are not allowed to advertise OLN products in a dubious or misleading manner with promises of special benefits when the future outcome is clearly doubtful.

Remember that you should adhere to the requirements for usage and display of the OneLIfe IMA logo as explained in the Guidelines. Misuse of the logo is clearly defined on pages 18 and 38, while the rest of the pages show the correct way to use the OneLife IMA brand identity.

As representatives (IMAs) of OneLife Network you are allowed to use only the OneLife IMA Logo. All other corporate logos of the Company - OneCoin, OneLife, OneWorld Foundation and OneAcademy are used only in corporate communication and members are strictly prohibited from using them.

We have updated and uploaded the OneLife IMA Brand and Advertising Guidelines under Resources on onelife.eu. We hope that you will put the OneLife IMA Brand and Advertising Guidelines to good use!

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