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Cocos-BCX Testnet Launched! The next generation of digital game economy empowering over 1.3 million developers

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Cocos-BCX Testnet Launched! The next generation of digital game economy empowering over 1.3 million developers
Source: Cocos BCX

With over 1.3 million developers, Cocos is the widely adopted game engine in Asia and is second around the world by market share. Many captivating games including Angry Birds, Badlands, Fight! and Clash of Kings were built using the Cocos development platform and several well-known game publishers including Zynga & Big Fish Games rely on Cocos2d-x on a daily basis.

Many people in the blockchain and gaming space believe that games will be the first and foremost user-facing application built on a blockchain. Cocos-BCX [Cocos Blockchain Expedition] has entered the space with the goal to create an open system where game developers can have access to a new game engine and development environment supporting multiple blockchain systems.

Cocos-BCX consists three core components:

  • Cocos-BCX blockchain game engine : a software framework and virtual machine [run-time operating environment] that supports multiple blockchains, device types and operating systems
  • An integrated development environment [IDE]
  • An underlying public blockchain : CocosChain, based on the Graphene framework and re-designed specifically for games & other high-performance applications

Cocos-BCX first line of code was dropped in the month of November 2017 and the first demo of the platform was released in March 2018.

On Dec 21, 2018, Cocos-BCX TestNet was officially launched, with three third-party games developed based on Cocos-BCX and a props exchange platform going live at the same time. The three games and exchange platform can be visited through Cocos-BCX official website “community” sub-page [English version to be released later].

With its vision to build a blockchain gaming ecosystem, Cocos-BCX has established strategic cooperation with partners including Ontology, Zilliqa, Tron, NEO on the integration via SDK, exchange gateway as well as NHAS-1808 standard [non-homogenous asset standard] powered by Cocos-BCX. Besides, Cocos-BCX has been working already with other blockchain projects such as Loom, Nebulas, Cell Evolution etc, and is open for collaboration with more potential partners in blockchain and gaming space.

For more detail & updates of Cocos-BCX you can follow below official channels:



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76156|Crypto companies beware-the risks of human error are too great to ignore

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Source: Frontlines

If there are three things we know about the human error, it’s that it can be costly, dangerous, and ultimately inevitable.

No matter how competent or intelligent a person is, they are bound to make mistakes, and a single error can lead to substantial losses and devastating repercussions to any company that does not take proactive measures.

This is especially true when it comes to managing or accounting for crypto. Although solutions exist to automate manual tasks and streamline finance workflows, many crypto companies continue to depend on a human workforce, leaving them susceptible, because no human is infallible.

Statistics show that overdependence on human skill is a liability not only in the world of crypto but in any company across many vastly different industries.

To demonstrate the severity of the human error and how it can impact your company, let’s take a look at some of the most telling statistics:

27.5 percent of companies reported that incorrect data was manually entered into their enterprise systems.

For businesses,  incorrect or inconsistent data entry can lead to major issues when filing taxes or completing an audit. For crypto accountants, bookkeeping errors can lead to miscalculations of the business’s financial health and can result in inaccurate projections for reports, growth and total revenues.

Any professional will stress the importance of accuracy and verification for manual data entry. It’s simple, mistakes cost money, reputation and even trust from their customers.

Human error causes roughly 90 percent of cyber attacks.

Most crypto CFOs and CEOs are keenly aware of the overall need for increased cybersecurity. But they mistakenly approach the problem from the outside in, rather than the other way around. They believe the biggest threats are external and malicious, but nearly 90 percent of cyber attacks stem from human error.

This can even occur without an employee even realizing it, and many employees have exposed themselves and their companies by responding to phishing emails or using weak passwords.

The stakes are incredibly high in the world of cryptocurrency. One compromised employee account can result in potential financial losses for a company, or endanger the privacy of users or customers. It’s more critical than ever for crypto companies to mitigate risks originating from human error, and employ preventative solutions.

Instead of solely focusing on hackers [who rank fourth among all threat actors, according to Netwrix], c-suite leaders should be focused on investigating tools such as Blox.io, a crypto accounting and bookkeeping platform that provides automated and intelligent technical solutions to circumvent the issue altogether.

Between 70 and 96 percent of workplace mistakes are caused by human error.

Humans are to blame for the vast majority of workplace mistakes. Crypto leaders should absorb this point in particular because people tend to trust human intuition over computer logic. But,over-reliance on employee accuracy could lead to serious problems for any company with too much trust, and not enough checks and balances in place.

On the crypto accounting side,  employees may accidentally forget critical workflow steps, incorrectly calculate cost basis or mislabel transactions, or create organizational chaos across accounts, exchanges, and wallets. These acts aren’t intentional, but the consequences are undeniably detrimental to a company’s success, reputation, and bottom line.

22 percent of unplanned data center outages are linked to human error.

Data centers are one of the most vital components to almost every industry in existence. They host our data, private user information, websites, cloud services, and essentially everything that takes place online is flowing through data centers across the globe. To exemplify,  Facebook recently faced a social media backlash after its servers went down for hours, with many businesses suffering the loss of service and revenue.

When considering that 22 percent of unplanned data center outages are caused by human error, this should raise legitimate concerns over how data is stored and protected. Moreover, if an interruption in server uptime causes a crypto exchange to go down, the repercussions can mean a loss of millions and major backlash from users. The potential for disaster is real, and this is why businesses must be deliberate and proactive.

To conclude, humans are the driving force behind innovation, and employees are essential for critical thinking on high-level decisions and strategy. However, when introducing automation and technology, businesses can limit their exposure to the risks caused by a human error while still leveraging the experience and intuition of the human workforce.

For any company, crypto or traditional, the fear of human error is real and is unlikely to simply vanish. The only means to protect against human error is to use smarter and more innovative technology to assist and empower your human workforce. By integrating technical solutions, businesses can improve productivity, boost performance and protect against costly human mistakes.

Adam Efrima, Co-founder, Blox:

Adam is a blockchain entrepreneur and active member in the Chinese Financial and Fintech industry, living in Shanghai for over 8 years. Adam previously served in leading roles at the Chinese financial conglomerate, CITIC, and eventually founded the Shanghai office for eToro. After being deeply involved in the blockchain space for several years, Adam went on to co-found Blox.io, where he leads the Blox China headquarters, with plans to expand across APAC.

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76008|Machi X Beta launch sets pace for new Intellectual Property marketplaces

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Machi X Beta Launch Sets Pace for New Intellectual Property Marketplaces
Source: Pixabay

Machi X – an open marketplace for copyright and intellectual property rights -has officially launched its Beta version of the platform, setting the standard for blockchain-based tokenization of copyright and IP rights. Originally conceived by famous Taiwanese musician, Jeffrey Huang, Machi X connects fans and artists directly, enabling fans to purchase fractionalized ownership in artist creations [i.e., songs] via tokenized copyrights.

Artists and musicians have struggled to keep pace with the rise of P2P technologies that have largely precluded them from maximizing their opportunities for profiting from their work. Further, the prevalence of intermediaries in traditional music revenue structures has hindered better profits for artists.

Machi X changes that paradigm, by removing costly intermediaries and allowing content creators to focus on their craft, giving them the power to maximize the potential of their pieces.

Fans and supporters of musicians can buy tokens representing fractional ownership in song copyrights with ERC-20 compatible tokens [i.e., on Ethereum] and store them in collections on the market or in wallets – even cold storage wallets.

Users can buy copyright tokens using Machi X, USDT, and Maker Dai currently. The platform plans on expanding its support of other tokens following the Beta.

There are three current artists with IP tokens available on the Beta, including Stanley Huang, Nicky Lee, and Khalil Fong. In total, eight IP tokens are available for trading. Machi X is planning on extending their offering of IP tokens further into the creative landscape, targeting movies and TV shows on its future roadmap.

Jeffrey Huang came up with the idea for Machi X following his own struggles in consistently receiving royalty payments and losing out to expensive middlemen that extracted large portions from his bottom line. Founder of both Mithril and 17 Live, Asia’s largest streaming app, Huang strives to foster a new open era for both content creators and their fans to benefit.

Machi X is a ‘Mithril Forged Company,’ and expects to list the Mithril Token as a way to give back to the broader ecosystem that it is a part of.

Machi X offers an alternative funding option to artists outside the limitations of traditional licensing and intermediary-prone avenues. Based in Taiwan, the current artists are well-known and award-winning musicians in Asia.

Following the Beta, the platform will add support for more artists and musicians who can distribute IP tokens representing a stake in their work for fans to collect and profit from their market price and correlating royalty revenue.

The Machi X token airdrop is scheduled for April 15th, 2019, and you can follow the project through their Twitter and Facebook accounts as well as their Telegram channel.

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