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Gen Z Is All About Authenticity

Gen Z Is All About Authenticity

                                 

Born in 1996, I’m either one of the last millennials or I’m among the first of Generation Z

?—?there’s no official consensus. I identify as a millennial, but I am intrigued by the up-and-coming Gen Z. What makes my generation different from theirs given that I’m only a few years (or months) older than them? Many people?—?and brands, governments and organizations?—?are asking that exact question. Understanding what people value and what concerns them enables us to better connect and communicate. Experts for years analysed the Baby Boomers, Millennials and others?—?now, researchers and laypeople alike are analysing what makes Gen Z tick?—?how they think, communicate, and what inspires them to change or act.

For now, my question is at least partially unanswerable, as we still have a lot to learn about what it means to be a member of Gen Z. Millennials, however, are often described by their propensity for wine, left-leaning sensibilities and love of social media, and are now comparatively easy to understand. Some have described Gen Z as just “millennials on steroids,” but that’s a reductive way of thinking about them. Many think about Gen Z primarily in terms of technology and their shortened attention span, but that’s an oversimplified approach as well. Gen Z is difficult to peg down, but that hasn’t stopped people from trying.

One thing we do know is that Gen Z seems to value sincerity. Data reported by CNBC shows that authenticity is an important value for Gen Z, with “67 percent of those surveyed agreeing that ‘being true to their values and beliefs makes a person cool.’” One of the biggest challenges in engaging with Gen Z will be determining how to appear “cool” and change the world while still remaining profitable. The Gen Z preoccupation with authenticity?—?which has driven them away from traditional celebrities in favor of more intimate social media and YouTube influencers?—?makes them scrutinize the motives of large brands, presenting a challenge for today’s marketing and communications professionals.

Data shows that 89 percent of Gen Z “would rather buy from a company supporting social and environmental issues over one that does not.” However, if a company comes out in support of a cause that seems unrelated to their own mission and brand it can have the opposite effect?—?it comes across as a media play for public brownie points, ultimately damaging the brand reputation among a Gen Z audience. To show Gen Z your brand or identity is authentic, you first need to carefully define what that brand is. Only then can you align a cause with your brand’s mission, and be consistent in your support of both.

In order to convince Gen Z that you truly care about a cause you also have to be willing to invest in that cause?—?a commercial with uplifting themes but without substantive action behind it will agitate Gen Z into thinking your brand is capitalizing on issues without supporting change. This practice is known as “goodwashing.” The name is a nod to “greenwashing,” which refers to companies making unsubstantiated claims about valuing the environment.

Just as the younger generation idolizes social media influencers, they are also more receptive to brand messaging on social and mobile media platforms?—?content that is very much so still advertising, but does not look or feel like traditional ads. For Gen Z, print advertising and traditional commercials can feel inauthentic in the same way that hollywood celebrities seem unrelatable. The growing consumer base is shifting as Gen Z enters the fray; 58 percent of consumers are most amenable to brands taking a social or political stance on social media and only 25 percent feel that way about print advertising.

One company whose cause forms the basis of its marketing and branding, is TOMS. TOMS’ “One for One” branding strategy has allowed the company to grow from selling a single-style shoe to include sunglasses, at times coffee and a full-range of footwear. While the idea of giving away as much as you sell does not intuitively seem like a winning recipe for a profitable business, their philanthropic mission has propelled them forward for over a decade. Over the years, instead of shying away from their identity as a company with a cause, they have doubled down and recently adopted the relatively political goal of ending gun violence. While some businesses would worry this could prove too polarizing for their customers, TOMS continues to succeed.

As Gen Z grows up and has even more spending power this type of mission-first business and marketing communication approach will become evermore common and influential. Gen Z might have been born with cell phones in their hands, but, as a generation, they shouldn’t be defined by their devices; they’re a diverse group of young people pushing for social change and greater authenticity?—?not just between people, but in our interactions with brands and organizations Brands can begin to take steps to align themselves with the proclivities of Gen Z. However, we’ll have to see how Gen Z continues to evolve as they become adults and their proclivities and priorities grow up with them.

Article Produced By
Fiona Burke

https://medium.com/clyde-group/gen-z-is-all-about-authenticity-59d863b0bdcf

David https://markethive.com/david-ogden

Nasdaq-Powered EU Digital Exchange DX Adds Tokenized ETFs

Nasdaq-Powered EU Digital Exchange DX Adds Tokenized ETFs

                                 

Estonia-based digital trading platform DX.Exchange

has added tokenized Exchange-Traded Funds (ETFs) to its services, according to press release shared with Cointelegraph on March 6. The move involves the tokenization of popular ETFs, such as SPY, which represents the S&P 500, and QQQ, which backs the Nasdaq Composite at a 1:1 ratio. UWT (crude oil) and UDOW are among other ETFs offered on the platform. The ETFs offered can now be purchased both for cryptocurrencies and fiat during trading hours as well as after-hours.

According to the press release, the introduction of tokenized ETFs on DX.Exchange complies both with the latest guidelines issued by the European Securities and Markets Authority and with the EU Markets in Financial Instruments Directive II. The chief operating officer of DX.Exchange, Amedeo Moscato, stated that he believes that the latest move by the EU-regulated company opens the world of popular financial assets to crypto holders.

His statement reads:

“As of today, there’s over 130 Billion USD worth of Crypto that can now be invested in Digital Stocks and ETFs. Crypto investors who wished to hedge part of their crypto portfolio had only USD stable coins or limited options. Now they can invest in real world assets on the blockchain.”

DX.Exchange states that adding ETF trading to the platform will attract investors seeking to benefit from a lower-cost venue for executing their trades. Moreover, the decision will reportedly allow smaller retail investors or investors from developing countries to enter the market. DX.Exchange first appeared as a concept in May last year and was launched in January of this year. The company uses Nasdaq’s Financial Information Exchange protocol to deliver its products.

As Cointelegraph wrote, the company initially proposed that crypto holders purchase tokens backed by stocks in various major companies, including Amazon, Baidu, Apple, Facebook, Google, Intel, Microsoft, Netflix, Nvidia and Tesla. The trading at the Estonian exchange is currently only available for traders in the European Union. However, the company plans to make trading available to United States-based customers in 2019, according to a tweet from its co-founder and CEO in early January.

Article Produced By
Ana Berman

https://cointelegraph.com/news/nasdaq-powered-eu-digital-exchange-dx-adds-tokenized-etfs

David https://markethive.com/david-ogden

Parity CEO Jutta Steiner: New Ethereum Function Would Have Prevented the Parity Freeze

Parity CEO Jutta Steiner: New Ethereum Function Would Have Prevented the Parity Freeze

                              

Parity CEO Jutta Steiner has said that the new controversial Create2 Ethereum (ETH)

function would have prevented the Parity multisig freeze. Steiner spoke on the subject during an interview with Fortune published on March 5. As Cointelegraph reported in November 2017, a user “accidentally killed” the Parity multisig library by activating a vulnerability to become the owner of the library, and then self-destructing it. The incident involved 587 wallets holding 513,774.16 in Ethereum, at the time equivalent to about $152 million and about $65 million today. Create2, the new function added to Ethereum with the Constantinople update that has been rumored to introduce a new attack vector — a claim since denied by Ethereum co-founder Vitalik Buterin — could have prevented this attack, according to Steiner.

As she noted during the interview:

“If that functionality Create2 had existed at the time, there wouldn’t have been a vulnerability, basically.”

This function also grants Parity a new argument to use when trying to convince the community to support a hard fork that would reverse the reportedly accidental hack. At the end of April, a vote to reverse the Parity incident and unfreeze the multisignature wallets ended with 55 percent of the votes choosing not to reverse it. The vote was also accompanied by an overwhelming controversy in the Ethereum community, as participants with large amounts of ETH had distinct advantage in influencing the direction of the vote due to the vote staking process. However, as Steiner now puts it, since that the tooling has been fixed, “wouldn’t it be the right thing to do to also fix the issues that arose when we didn’t have the tooling?”

A recent TrustNodes report points out that the Edgeware smart contract platform based on Polkadot, which is a platform similar to Ethereum and capable of running Ethereum smart contracts and DApps, could be of help to Parity as well. The chain is proof-of-stake (PoS), which means that new native coins, called Edge, are minted by staking them. As the project’s minting process for its native token can be done by locking ETH in a smart contract, TrustNodes notes that Parity’s accidentally locked funds may be eligible for the project’s lockdrop contract. Through the initial lockdrop distribution, three percent of the supply is reported to be handed over to Parity.

According to TrustNodes’ calculations, the locked funds paired with the “dots” tokens held by Parity (also eligible for staking) would grant the company close to 10 percent of the entire supply. Also taking staking rewards in the account, TrustNodes estimates that the actual percentage of Parity’s holdings would increase. Polkadot is a blockchain framework meant to create scalable and interoperable blockchains by linking between many types of blockchains, and is slated for release at the end of the current year. The protocol was one of the largest affected parties in the November 2017 Parity funds freeze.

Article Produced By
Adrian Zmudzinski

Adrian is a newswriter based out of Pisa, Italy. He's passionate about cryptocurrency, digital rights, IT, tech and futurology and likes to think about the future in a positive way.

https://cointelegraph.com/news/parity-ceo-jutta-steiner-new-ethereum-function-would-have-prevented-the-parity-freeze

David https://markethive.com/david-ogden

Tron and Tether Partner to Issue USDT on the Tron Network by Q2 2019

Tron and Tether Partner to Issue USDT on the Tron Network by Q2 2019

                                 Tron and Tether Partner to Issue USDT on the Tron Network by Q2 2019

Blockchain protocol Tron (TRX) and Tether,

issuer of stablecoin USDT, have announced a partnership to introduce USDT to the Tron network by the second quarter of 2019. The news was shared with Cointelegraph in an email on March 4. The forthcoming TRC20-based USDT — a term that indicates adherence to a technical token standard supported by the Tron blockchain — will be interoperable with all Tron-based protocols and decentralized applications (DApps), and allow for the transaction and exchange of fiat-pegged coins across the blockchain.

The USDT, which launched in 2014, has traditionally facilitated frictionless fiat on- and off-ramping to the crypto markets, allowing users to store and exchange value without the onus of slow fiat transfer processing times. Tron — which positions itself as a competitor to Ethereum (ETH) by coupling decentralized finance with a wider decentralized internet ecosystem — claims that the addition of USDT will therefore “elevate its existing decentralised applications (DApps) ecosystem, improve overall value storage, and increase Decentralised Exchange (DEX) liquidity.”

The press release continues that USDT on Tron will also purportedly make the blockchain as a whole more amenable to enterprise-level partners and institutional investors. As recently reported, Tron CEO Justin Sun had announced the imminent roll out of a hard fork, which took place on Feb. 28, designed to deliver institution-friendly functionality, alongside features such as multi-signature abilities and account management options. The expansion of the Tron ecosystem took a significant step last year with its acquisition of popular peer-to-peer torrent client BitTorrent. The latter launched its native, Tron-based BitTorrent (BTT) token at the start of 2019, which will power the pair’s plans for an evolving decentralized content distribution platform.

As Cointelegraph has reported, the BTT initial coin offering on the Binance Launchpad platform netted $7.1 million dollars, with the sale of 50 billion tokens in under 15 minutes. Tether, which continues to command the lion’s share of the stablecoin market, is nonetheless seeing increasing competition from a steady stream of new fiat-pegged offerings as of last year. The stablecoin has previously faced controversy, after critics had suggested that the dollar reserves did not match the amount of tokens in circulation. Last December, Bloomberg stated that it believes Tether does have the appropriate amount of fiat reserves. Tether has not released an official audit of its holdings.

Article Produced By
Marie Huillet

Marie Huillet is an independent filmmaker, with a background in journalism and publishing. Nomadic by nature, she’s lived in five different countries this decade. She’s fascinated by Blockchain technologies’ potential to reshape all aspects of our lives.

https://cointelegraph.com/news/tron-and-tether-partner-to-issue-usdt-on-the-tron-network-by-q2-2019

David https://markethive.com/david-ogden

Coinbase: Former Provider Sold User Data to Third Parties, Prompting Neutrino Acquisition

Coinbase: Former Provider Sold User Data to Third Parties, Prompting Neutrino Acquisition

                                

Christine Sandler, Coinbase’s director of institutional sales,

has defended the crypto exchange’s controversial acquisition of blockchain intelligence firm Neutrino. In an interview with financial news channel Cheddar on March 1, Sandler said that previous client data providers were selling Coinbase user data to outside sources. As reported, major United States crypto exchange and wallet Coinbase first announced the Neutrino acquisition on Feb. 19, saying it would make use of the startup’s advanced blockchain analytics tools, Anti-Money Laundering and Know Your Customer technology.

The move swiftly became controversial as details of the Neutrino’s co-founders’ backgrounds came to light: specifically, their prior involvement with commercial software firm Hacking Team, whose spyware has reportedly been used by a broad canopy of international governments and law enforcement agencies, with authoritarian regimes allegedly among them. In response to the crypto community’s furore over these connections — which spawned the #DeleteCoinbase hashtag — Sandler defended the exchange’s decision, telling Cheddar that it was important to leave their current providers due to their data

selling practices:

"We are aware of the backgrounds of some of the folks that were involved in Neutrino […] It was important for us to migrate away from our current providers. They were selling client data to outside sources and it was compelling for us to get control over that and have proprietary technology that we could leverage to keep the data safe and protect our clients."

Characterizing Neutrino’s technology as “really industry leading and best-in-class,” Sandler said that the acquisition represented a decision to bring these tools in-house — downplaying the importance of the talent and senior employees’ histories. Sandler also gave a mention to Coinbase Pro’s decision to list XRP, whose ambiguous status in the U.S. as a possible security token has hitherto complicated its listing on the California-headquartered exchange. Sandler clarified Cheddar that Coinbase’s acquisition of broker-dealer Keystone in June 2018 enables the platform to list securities,

adding:

“There had been a groundswell of interest in adding the asset to the platform. There was some speculation about whether the asset would be classified as a security or not — we’re not securities lawyers. We felt there were compelling arguments on either side."

As recently reported, Ripple’s head of markets has taken to social media to emphasize that the Coinbase decision to list XRP was an independent one — countering rumors that Ripple had either paid or offered the exchange an incentive to do so.

Article Produced By
Marie Huillet

Marie Huillet is an independent filmmaker, with a background in journalism and publishing. Nomadic by nature, she’s lived in five different countries this decade. She’s fascinated by Blockchain technologies’ potential to reshape all aspects of our lives.

https://cointelegraph.com/news/coinbase-former-provider-sold-user-data-to-third-parties-prompting-neutrino-acquisition

David https://markethive.com/david-ogden

Binance Offers Token Rewards for Testing New Decentralized Platform

Binance Offers Token Rewards for Testing New Decentralized Platform

                                 

Major cryptocurrency exchange Binance

is offering a reward for testing the company’s new decentralized trading platform Binance DEX. The news was announced by Binance CEO Changpeng Zhao in a tweet on Feb. 28. In the post, Changpeng Zhao, who also goes by CZ, invites users to test the recently launched exchange and thus help start the mainnet faster. Users will subsequently be rewarded with Binance’s native token, Binance Coin (BNB)

. Zhao wrote:

“To test the hell out of @Binance_DEX, we are giving away roughly $100,000 USD equivalent, in REAL $BNB, as reward for our testnet trading competition. Come and join the fun, and help us launch the mainnet faster!”

In a separate blog post, Binance provided a detailed description of the Binance DEX simulated trading competition which will take place

from March 7 to March 21, 2019:

“All users who hold at least 1 real BNB on their Binance account will be eligible to participate in this Binance DEX Simulated Trading Competition. Each Binance.com account is able to register a maximum of 20 Binance Chain addresses and will receive 200 virtual testnet BNB tokens to each address to use as their starting funds before the Binance DEX trading competition begins.”

DEX is an exchange powered by blockchain and peer-to-peer (p2p) distributed system Binance Chain, whose testnet launch was announced on Feb. 20. Binance DEX will reportedly support secure decentralized software and hardware wallets. Binance’s Trust Wallet will also be integrated with Binance DEX, along with the Ledger Nano S, with more compatible wallets to be added at a later date. Over the past 24 hours, BNB coin has gained nearly 11 percent and is trading at around $11.45 at press time, according to data from CoinMarketCap.

Yesterday, cryptocurrency exchange Kraken posted a $100,000 reward in either fiat or digital currency for tips that could lead to the discovery of the missing assets of the major Canadian crypto exchange QuadrigaCX. In the statement, Kraken said that all leads would be forwarded to the appropriate law enforcement authorities.

Article Produced By
Ana Alexandre

Total change in her career took Anastasia into the world of analytics and business information as a researcher and translator in 2010. Some time later she got into FinTech, a dynamically developing segment at the intersection of the financial services and technology. Ana joined Cointelegraph in September 2017.

https://cointelegraph.com/news/binance-offers-token-rewards-for-testing-new-decentralized-platform

David https://markethive.com/david-ogden

Binance Research: JPM Coin Unlikely to Directly Compete With Ripple’s XRP, for Now

Binance Research: JPM Coin Unlikely to Directly Compete With Ripple's XRP, for Now

                                

The research arm of top crypto exchange Binance

has published an analysis of JPMorgan Chase’s newly announced stablecoin, arguing that the digital coin brings “minimal direct competition” to Ripple's XRP token in the near term. The study was published on March 1 by Binance Research. As Cointelegraph has reported, JPMorgan Chase announced the forthcoming launch of its new blockchain settlement offering in mid-February: a stablecoin dubbed JPM Coin, to be backed 1:1 by the bank’s USD reserves.

As Binance Research notes, the JPM Coin pilot project will initially focus on settlement and value transfer between financial institutions and is to be issued on the private, permissioned Quorum blockchain network — a fork of the public Ethereum (ETH) blockchain. In terms of inter-bank settlement, JPM Coin is also purportedly for now unlikely to directly compete with Ripple's XRP token — given the latter’s ambition to serve as a multi-bank “mediator currency between both fiat / crypto currencies and any fiduciary product,” as opposed to JPM Coin’s currently closed network solution.

Taking stock of the bank’s vast global client base and $2.6 trillion balance sheet, Binance Research suggests that JPM Coin “could make the institution the largest stablecoin issuer on a blockchain measured by circulating supply and total market cap.” The coin, the study continues, is poised to become a potential “precursor to the third generation of stablecoins,” which will target the world of traditional finance and aim to serve particular purposes and business use cases by means of private blockchain-powered tokens. In the study’s schema, the first generation was spearheaded by stalwart coin Tether (USDT), later followed by a steady stream of “second generation” new stablecoins over the course of 2018. According to the study, while JPM Coin may have significant material impact in improving the cost and time  efficiency of traditional financial services, the study continues, its implications for the public stablecoin market will in the short term

be minimal:

“Large banks and financial institutions […] have a distinct set of advantages in issuing fiat-collateralized stablecoins, but these offerings will not displace liquid, publicly traded stablecoins in the near-term given their closed ecosystems built on private blockchains.”

Moreover, as a proprietary and centralized network, JPM Coin is unlikely to be tapped by competitors in the banking sectors, who may well release their own native crypto tokens in future, the study contends. As reported, JPMorgan Chase CEO Jamie Dimon this week suggested that JPM Coin could eventually find consumer use and evolve beyond internal use cases. Stablecoin innovation continues to gain global traction — with banking titans such as Japan’s Mizuho Financial Group and Mitsubishi UFJ Financial Group both set to launch their own yen-pegged tokens. Meanwhile, unconfirmed reports suggest that Facebook is also developing its own fiat-collateralized crypto, to be integrated into its messaging services.

Article Produced By
Marie Huillet

Marie Huillet is an independent filmmaker, with a background in journalism and publishing. Nomadic by nature, she’s lived in five different countries this decade. She’s fascinated by Blockchain technologies’ potential to reshape all aspects of our lives.

https://cointelegraph.com/news/binance-research-jpm-coin-unlikely-to-directly-compete-with-ripples-xrp-for-now

David https://markethive.com/david-ogden

Big Four Auditor PwC Trials Blockchain System for Verifying Employee Credentials

Big Four Auditor PwC Trials Blockchain System for Verifying Employee Credentials

                                             

Big Four audit and consultancy firm PriceWaterhouseCoopers (PwC)

is conducting a trial of its new blockchain-powered platform for ensuring the integrity of employee credentials. The trial, launched in partnership with the Institute of Chartered Accountants of Scotland (ICAS), was announced in a PwC press release published on Feb. 28. PwC’s “Smart Credentials” platform, earlier unveiled on Feb. 13, implements blockchain to issue, store and securely share digital certificates for employees’ professional qualifications. For the trial with ICAS, PwC employees, who have qualified as chartered accountants at the Institute within the past two years, are being issued with a blockchain-based certificate from ICAS that becomes part of their unique digital wallet.

PwC contends that blockchain’s decentralized and tamper-proof architecture can significantly mitigate exposure to fraud. The firm argues that this reduces the risks and costs of screening qualifications when on-boarding employees, as well as simplifies the process of certificate issuance for regulators and institutions. It also provides a secure alternative to paper credentials, which are susceptible to loss and can be costly to replace.

For certificate issuers, using the blockchain platform places no requirements on them to store credentials on their in-house systems, lessening the burden on their infrastructure. With certificates stored on owners’ digital wallets, professionals can update them in accordance with personal development and may provide or revoke their visibility to reviewers. For employers, PwC proposes, the system bolsters confidence in the authenticity of employee documents. Smart Credentials is being pitched as a blockchain solution that can provide “verified, trusted and irrefutable [digital] identities” across multiple fields; Steve Davies, global blockchain leader at PwC, has

stated that:

“Blockchain was designed to allow participants to share data without needing intermediaries. No one party has central ownership, so individuals get more control over their personal data. […] You can also see the potential in any case where credentials are earned and continually updated – such as medical professionals, pilots or safety engineers.”

As reported this week, Japanese multinational conglomerate Sony and IT equipment services firm Fujitsu are to trial blockchain for enhancing the integrity of educational course records and students’ grade data. PwC continues to make multiple inroads into the blockchain and crypto sector worldwide, with investments — notably in China-based Internet-of-Things blockchain network VeChain — and an in-house blockchain and crypto accelerator program for over 1,000 PwC employees.

David https://markethive.com/david-ogden