Two computers placed opposite of each other, symbolizing the advantages of third party software over in-house development

Why Third-Party Solutions Bring First-Rate Results

Do it yourselfit’s an overrated mantra. 

At first, those three letters promise empowerment. You have full control over what you do and which way you want it to be done. Take fice, third-party software, we are on it ourselves. 

But then you stumble over the prerequisites. You have to know how to do it all in the first place. And that you have the right tools for the task. But that should be doable, too. I have a screwdriver lying around somewhere? And there must be a YouTube tutorial for this, right? 

Well, when it comes to the complex field of software development, the truth is a little more complicated. 

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Coding Smart Contracts – Tutorial Part II

How to use a smart contract from a java application

Photo of Natallia Martchouk, co-founder of trimplement
Natallia Martchouk, co-founder of trimplement, explains how to develop Ethereum smart contracts.

In Part I of my tutorial I’ve explained how to develop and deploy a simple smart contract. Today we will see how this deployed contract can be used in java applications. 

We are going to use Parity as Ethereum client and Web3j java library for interaction with Parity. I’m assuming that you already have installed Web3j, solc and Parity following “Prepare” instructions in Part I.

5. Get Parity Synced

First of all your Parity needs to get synchronized with the Ethereum testnet Rinkeby, meaning it needs to download the current database status to your local machine. Start your local parity with 

$parity --chain rinkeby --rpcapi "eth,net,web3,personal"

See also this documentation of Parity about getting synced.

In the meantime, we can prepare everything that we need to call our smart contract from a java application.

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A cell phone showing the facebook app UI, in which the term Project Libra is searched for

Opinion: Libra – Facebook’s Attempt to Establish a World Currency

Introduction

Photo of Mark Caruso, Senior Project Manager at trimplement
Mark Caruso, Senior Project Manager at trimplement, gives and outlook on  Facebook’s Libra currency.

Since project Libra was revealed by Facebook two weeks ago, it sparked controversial discussions around its potential as an international currency, its presumed economic impact, and its technical implementation. In this article I will try to shed some light on the technical and the economic sides of the project, to see whether Libra has the required momentum to become Facebook ́s next-generation revenue booster and a meaningful (and powerful) currency for the masses. 

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Coding Smart Contracts – Tutorial Part I

How to Write, Deploy and Test a Smart Contract

Natallia Martchouk, co-founder of trimplement, the fintech enabler
Natallia Martchouk, co-founder of trimplement, explains how to develop Ethereum smart contracts.

In this article, I will give you a smart contract tutorial. It will tell you how to quickly write, test and deploy Ethereum smart contracts. My motivation is to help people to make the first steps. There are several good tutorials which helped me to get started. But I missed kind of a “cookbook recipe” for the entire journey, starting with the installation of tools and frameworks and ending with deployment to Ethereum and usage out of an application.

And so, I decided to write down all the steps involved and hope that you will find it helpful!

I’m working on a Mac, but I’ll provide links to the documentation of all tools and frameworks so that you’ll be able to find fitting instructions for your personal environment.

Today we will: 

  • Setup an environment that  allows you to write production-ready smart contracts
  • Write a simple smart contract
  • Test security and style guide issues with solhint
  • Write unit tests with a Truffle framework
  • Deploy the contract on the Rinkeby testnet using MetaMask and Remix
  • Execute calls on the deployed smart contract
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The start-up stage at Money20/20 Europe

Our Experiences at Money20/20 Europe 2019

You have a block of lead. You want a block of gold. How to get from one to the other has bothered the alchemists of old. We learned that such effort is pointless. We know more dependable ways to distill money. The formulas have changed: They are written in code and algorithms rather than ink. They manifest inside banking apps, online marketplaces or blockchains rather than flasks in a candlelit laboratory. And they drive thousands of people from all over the world to gather at the Money20/20 conference in Amsterdam just to show, discuss and innovate them.

Our co-founders Natallia Martchouk and Matthias Gall were among those modern “alchemists of finance”. From June 3rd to 5th 2019, they had traveled to Amsterdam. The mission: Meeting with other movers and shakers of the fintech, payment and banking industry.

Our co-founder Matthias Gall, walking the turquoise road of Money 20/20 Europe.
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CoreExchange Feature Checklist

As a vendor of licensable fintech software products, we are often asked about our competitors and our USPs. Our customers want to know, what makes our products comparable and where we make a difference and have a special edge. In this article, I would like to elaborate on the feature set of our white label cryptocurrency trading platform CoreExchange and compare it to a couple of other well-known and popular exchanges.

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A world map with a paper ship, symbolizing the world of payment.

Payment Around the World – Part 3

Asia, India, the Middle East

Payment around the world – where were we? In the previous articles of this series, we devoted ourselves to different payment landscapes of the globe. And with the trends and challenges, we found there.

But no matter which region we looked at: All of them stood on the verge of digital transformation or have crossed that line. China and the USA press ahead in terms of payment innovation, as we have seen in our second article. In other countries, digital payments are still in the process of taking hold in the populace. The changes they bring have already become apparent. Digital payment services play the role of an equalizer, especially for the unbanked people. Developments in Africa‘s and Latin America’s payment landscape, as detailed in the first article of this series, stand as an example for this.

We will see if those tendencies manifest in the last waypoints of our journey, too. So, let’s move on, shall we?  

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A picture of two piggy banks, symbolizing financial literacy and financial education in Germany

More Than Pocket Money – Financial Education in Germany

Financial education. It starts with simple questions. Just like this one:

For her 9th birthday, Emma asks her parents to put money on a savings account, instead of buying her presents. She rather wants to celebrate her next birthday in style, with party assets worth 200€. At a yearly interest rate of 5%, how many Euros must be put into the account to fulfill Emma’s birthday wish?

Sound familiar, such questions, right? We all had to answer a fair share of them in math class during 8th grade. Looking at them today, they still are tricky to answer for many of us. And you would have to explain your child, that putting €4000 on a savings account tears a big hole in your financial planning. And only under the premise that you would find a bank providing 5% interest on savings accounts. Which you wouldn’t. Emma, who already showed prudence in her financial behaviour not normally seen in her contemporaries, still has to face some hard truths.

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A compass resting on a world map, symbolizing the world of payment

Payment Around the World – Part 2

USA, Canada, Australia, China

When exploring the payment preferences of the world, you have to go places. In the first part of our article series, those places were Europe, Russia, Latin America, and Africa.

The takeaway: Hard cash dies hard in many parts of the world like Germany, Hungary, Russia, and Brazil. But digital payment services have taken up the fight. They give new options to emerging countries with vast numbers of unbanked people. Mobile access to finances and digital-only money accounts help integrate the unbanked, so they can become proactive contributors to the financial system.

But it’s a large world with a great number of payment landscapes still waiting to be sketched. In this article, we will take a good look at the clashing fintech forerunners USA and China, as well as Canada and Oceania. So, let’s go!

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