Wine registration (8.3.2021): https://vimeo.com/520909342/91738fea40
Gem registration (4.3.2021): https://vimeo.com/518547927/f4cc973787
Topic: [ANN] Forctis AG: Swiss Stable Coin and Asset Representation Protocol (Read 641 times)
March 15, 2021, 08:01:14 AM
Update and a new 2 pager from Forctis, also a video about the Tokenization process
Wine registration (8.3.2021): https://vimeo.com/520909342/91738fea40
Gem registration (4.3.2021): https://vimeo.com/518547927/f4cc973787
Wine registration (8.3.2021): https://vimeo.com/520909342/91738fea40
Gem registration (4.3.2021): https://vimeo.com/518547927/f4cc973787
May 28, 2020, 11:46:37 AM
you guys should just work with DLSag.CH / CHBT coin hahaha.
May 28, 2020, 08:34:43 AM
December 29, 2019, 08:03:17 AM
Update for the Advisory Board by Forctis.
https://ch.linkedin.com/in/ldondi
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And as Santa is arriving, some great news. I can confirm that Luca Dondi, former General Manager and Brand Director at the Richemont Group (largest luxury group in the world) and Head of Global Marketing and Communications at Ferrari-Maserati will be joining our Advisory Board and will be spearheading our Partnerships and Portfolio Strategy from January 2020.
https://ch.linkedin.com/in/ldondi
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You have a wonderful set of team and advisors, but how is your project doing?
How is the adoption of GenS and ARES?
This thread is not gaining attraction from the users so I am wondering what is the status of the adoption of your network?
Indeed Bitcointalk is not in our focus, because we only have shareholders and they will get informed directly by us.
The MVP Milestone was achieved in October, but with limited scope so far. The coding of the ARES token prototype, P2P infrastructure backbone (or layer-1 protocol), simulations and the development of our cryptographic engine have progressed markedly and we now have our proposition on solid foundations. In addition, some features of the GenS Stablecoin (particularly its algorithmic stability) have been tested.
The MVP just released is the first iteration of a technological demonstrator that will be evolving to a fullyfledged MVP by the end of February 2020 (and product suite afterwards) as we continue to integrate, test and deploy several features.
So we are on track and quite happy with the progress so far.
December 28, 2019, 04:57:05 AM
Update for the Advisory Board by Forctis.
https://ch.linkedin.com/in/ldondi
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Quote
And as Santa is arriving, some great news. I can confirm that Luca Dondi, former General Manager and Brand Director at the Richemont Group (largest luxury group in the world) and Head of Global Marketing and Communications at Ferrari-Maserati will be joining our Advisory Board and will be spearheading our Partnerships and Portfolio Strategy from January 2020.
https://ch.linkedin.com/in/ldondi
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You have a wonderful set of team and advisors, but how is your project doing?
How is the adoption of GenS and ARES?
This thread is not gaining attraction from the users so I am wondering what is the status of the adoption of your network?
Hello, I spoke to a team member that there are questions from you. Forctis AG is not so present here in Bitcointalk, the focus is on the product and the good progress of the company, but after the Christmas holidays, someone will answer your questions.
In the meantime you can look at the MVP presentation, or for quick question you can join the Telegram, the founders and team members are represented there.
Presentation: https://t.me/forctis_io/1343
Telegram: https://t.me/forctis_io
December 24, 2019, 05:34:14 PM
Update for the Advisory Board by Forctis.
https://ch.linkedin.com/in/ldondi
-
Quote
And as Santa is arriving, some great news. I can confirm that Luca Dondi, former General Manager and Brand Director at the Richemont Group (largest luxury group in the world) and Head of Global Marketing and Communications at Ferrari-Maserati will be joining our Advisory Board and will be spearheading our Partnerships and Portfolio Strategy from January 2020.
https://ch.linkedin.com/in/ldondi
-
You have a wonderful set of team and advisors, but how is your project doing?
How is the adoption of GenS and ARES?
This thread is not gaining attraction from the users so I am wondering what is the status of the adoption of your network?
December 24, 2019, 10:12:15 AM
Update for the Advisory Board by Forctis.
https://ch.linkedin.com/in/ldondi
Quote
And as Santa is arriving, some great news. I can confirm that Luca Dondi, former General Manager and Brand Director at the Richemont Group (largest luxury group in the world) and Head of Global Marketing and Communications at Ferrari-Maserati will be joining our Advisory Board and will be spearheading our Partnerships and Portfolio Strategy from January 2020.
https://ch.linkedin.com/in/ldondi
November 18, 2019, 08:31:30 AM
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The model also embeds a number of policy rules to make GenS stable.
How does that work? Is GenS backed by anything or not? How can you assure stability and stability against what, USD?The approach for the price building of GenS is based at monetarism economics. That means increasing the amount when price is high, freezing amounts when price is lower.
The base level has yet to defined, Special Drawing Rights (SDR) are more likely to be used instead of USD.
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November 15, 2019, 01:44:42 PM
Quote
The model also embeds a number of policy rules to make GenS stable.
How does that work? Is GenS backed by anything or not? How can you assure stability and stability against what, USD? November 15, 2019, 11:21:27 AM
Forctis will be in presenting in Frankfurt at the 11th FinTech Forum..
Out of 20 Start Ups Forctis have been selected for the remaining two places there.
Marc und Eduardo will go there.
http://www.fintechforum.de/events/
Out of 20 Start Ups Forctis have been selected for the remaining two places there.
Marc und Eduardo will go there.
http://www.fintechforum.de/events/
September 16, 2019, 03:06:00 AM
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Presentation in Zurich of our pre-MVP
August 22, 2019
Forctis AG will be hosting its third public meet-up at Zurich’s Trust Square hub on September 12. On this occasion, we will be providing a preview of our upcoming MVP (Minimum Viable Product) and highlight its main user-related features. In addition, we will take the opportunity to discuss the implementation of our cryptographic protocol and other salient aspects of our technology. It’s the last stage in the road-map towards a full operational deployment of our MVP, penciled for late October 2019.
August 22, 2019
Forctis AG will be hosting its third public meet-up at Zurich’s Trust Square hub on September 12. On this occasion, we will be providing a preview of our upcoming MVP (Minimum Viable Product) and highlight its main user-related features. In addition, we will take the opportunity to discuss the implementation of our cryptographic protocol and other salient aspects of our technology. It’s the last stage in the road-map towards a full operational deployment of our MVP, penciled for late October 2019.
There you can see the MVP presentation of the Meetup: https://t.me/forctis_io/1343
August 01, 2019, 04:32:17 PM
How is this better than all the other stable coins?
August 01, 2019, 04:25:03 PM
P R E S S R E L E A S E
August 1, 2019 12:00h CET
We are very pleased to publicly announce the successful completion of the initial testing phase of a very powerful symmetric encryption algorithm designed by Forctis AG.
One of the core facets of our R&D program was the development of a new pseudorandom generator displaying outstanding mathematical properties, for its subsequent application in a One-time Pad (OTP) encryption scheme.
Concerning the OTP method, in 1949 the renowned mathematician and electronic engineer Claude Shannon demonstrated that one-time pads can achieve “perfect secrecy” if the sequence of keys used can be neither forecast nor used more than once. It is proven to be a desirable property every cryptographic algorithm should have. To this aim, our pseudorandom method generates as many unpredictable bits as required by the OTP implementation.
A fundamental problem nevertheless remains, and that is how to share the keys between entities looking to exchange information in an unbreakable way. Nowadays, the standard approach is to adopt the Diffie-Hellman key exchange algorithm, but it presents two basic problems:
1. It could be attacked by quantum computers; and
2. It is highly vulnerable to “man-in-the-middle” attacks.
To tackle those shortcomings, we have implemented a post-quantum (PQC) key exchange algorithm. Despite its underlying complexity, during this first (yet exhaustive) testing phase our protocol has displayed consistently fast processing speeds.
Summing up: our pseudorandom generator provides the bits required by our key exchange algorithm, which allows two entities to arrive at a shared secret key that is used as a seed for generating the bits needed by the OTP, and doing so at great speed.
By using this combined approach, our protocol attains a complexity of 24783. Furthermore, this degree of complexity is feasible at high speed even using average personal computers. Thinking of a simple benchmark, the NIST-standard AES protocol, although fast, has a complexity of at most 2256.
We therefore consider our strategy to be much more efficient than adopting a Public Key Infrastructure, for at least three reasons:
a. It provides a significantly higher degree of security than known military grade encryption protocols currently in operation;
b. It has fast processing speed, despite its complexity; and
c. It avoids the cumbersome use of digital certificates and a centralized Certification Authority.
Noting that asymmetric methods such as RSA or elliptic curves are quite slow, for the most part they are limited to exchanging keys to be used with symmetric algorithms, such as AES. In addition, there is also a reasonable expectation that RSA will be successfully attacked using quantum computing in a foreseeable future.
Besides the specific implementation of this protocol in Forctis’ own infrastructure, our plan is to release in the next couple of months versions of this method tailored for application in the financial, government and military sectors.
Concerning Forctis’ infrastructure and ARES token, our MVP will be rolled-out in phases, from August 2019.
An initial public presentation will take place in Zurich, Switzerland, on September 12, 2019.
Contact details:
If you wish to receive further information concerning this Press Release, please direct your queries to [email protected]
July 15, 2019, 02:37:40 AM
The road to our MVP
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It's been some months since our last news update, as work has been very intense. Our Engineering Team is moving both steadily and on-schedule to get v0.1 of our MVP ready by mid-August, as a first step towards its v0.2 version by mid-October; the versions will differ in the functionality of some features (v0.1 is a pure prototype; v0.2 should incorporate feedback from industry and academia). Our RC version is slated for March 2020. For those in Zurich, a meetup at Trust Square to showcase the MVP is planned for September 12. In the photo, Hugo discussing with the team implementation facets of our novel, quantum-proof crytographic protocol.
https://www.forctis.io/Road-to-MVP
December 23, 2018, 05:50:27 PM
November 24, 2018, 03:30:08 PM
How many Swiss stable coins are there in crypto market now?
This is for sure not the only one.
It would be good to create multiple translation for ANN and whitepaper
This is for sure not the only one.
It would be good to create multiple translation for ANN and whitepaper
November 24, 2018, 03:14:24 PM
Our CEO Eduardo today on stage at the Blockchain Leadership Summit in Basel:
November 20, 2018, 05:22:30 AM
Our CEO on stage at the Stable Coin panel in Buenes Aires (Argentina):
November 16, 2018, 07:47:59 AM
Eduardo will be in Buenos Aires this weekend for a panel discussing Stablecoins during the C20 Conference. With already 3,700 participants registered and hosting high calibre speakers and panelists, it will become the largest Spanish-speaking event to have ever taken place debating the latest trends and the future of the blockchain and DLT in a wider sense:
November 13, 2018, 09:28:29 AM
Attached an interview with our CEO Eduardo Salazar with Swissinfo:
https://www.swissinfo.ch/eng/anti-volatility_the-case-for-crypto-stable-coins/44539194
https://www.swissinfo.ch/eng/anti-volatility_the-case-for-crypto-stable-coins/44539194
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