Spiking and NebulasSpiking and Nebulas have signed a Memorandum of Understanding to develop core search technologies. Spiking is a blockchain asset validation and AI-driven crypto trading infrastructure. Nebulas is a decentralised platform which provides a search framework for all blockchains. It characterises itself as “a next-generation public blockchain which aims for a continuously improving ecosystem via its blockchain valuation mechanism.”

Clemen Chiang
Clemen Chiang

Nebulas brings a game-changing element to the methodology in which Spiking searches and processes information from the blockchain,” said Dr. Clemen Chiang, CEO of Spiking. “This increases our value-add greatly to the trading ecosystem of the mega cryptocurrency market.

The Spiking and Nebulas collaboration

Launched in April 2016, Spiking is Singapore’s first financial-technology trading app dedicated to helping the average trader follow the reputable investors as they buy and sell shares on the stock market. To date, Spiking tracks over 170,000 significant shareholders across six stock exchanges in four countries:

  • the United States (NYSE, NASDAQ, AMEX)
  • Singapore (SGX)
  • Malaysia (BM)
  • Hong-Kong (HKEX).

The Spiking platform enables traders to find ‘whales’ – key executives of large companies behind cryptocurrency tokens, mining pools and/or large holders. Once found, traders can follow the cryptocurrency trades (of those whales). In effect ‘followers’ meet whales in a completely transparent environment. This capability builds on a technology stack with fully audited security standards. The Spiking platform intends to do this by using smart contracts on the blockchain. This will allow users to:

  • mirror the trading activity of any whale
  • control their own segregated trading accounts directly.

With this partnership, Spiking will be able to develop its proprietary search algorithm based on Nebulas core technologies. It is this which will enable whales and customers to locate critical information across multiple blockchains. This found information, in turn, will serve the function of predicting cryptocurrencies price movements.

The Spiking app has support from Quest Ventures and National Research Foundation, Singapore Prime Minister’s Office, under the Interactive & Digital Media Strategic Research Programme’s i.JAM Reload initiative.

Nebulas

Nebulas is a next-generation public blockchain, aiming for a continuously improving ecosystem. Based on its blockchain valuation mechanism, Nebulas proposes:

  • future-oriented incentive and consensus systems
  • the ability to self-evolve without forking.

Nebulas Force (NF) provides the blockchain and apps built on it with the capability to self-evolve. NF will, therefore, allow Spiking’s search framework to improve and develop (without a need to fork). This places control of project development more firmly in the hands of Spiking.

Nebulas works on the Developer Incentive Protocol (DIP), which encourages and rewards developers of smart contracts and DApps on the Nebulas Platform. Spiking will partner with Nebulas to contribute to this ecosystem:

  • through use of DIP
  • by attracting developers.

Enterprise Times: what does this mean

If you wanted a reason to fear blockchain technology this might be a development to think upon. The transparency which comes with blockchain, which can be a positive force in (say) a supply chain environment, has its downsides.

From what Enterprise Times can tell, and this announcement confirms only a Memorandum of Understanding, the combination of Spiking and Nebulas will enable third parties to track the investment and acquisitions of ‘whales’. This might be good. It also might open access to what might reasonably be thought of as private. Judging which will be difficult.

Irrespective, enterprise users would do well to conduct some form of review before going live with any blockchain initiative. The question to ask: what might blockchain transparency tell others which we would prefer not to be visible?  Transparency cuts in many ways.

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Charles Brett
Charles Brett is a business/technology analyst consultant. His specialist areas include enterprise software, blockchain and enterprise mobility tech (including metering). Specific industry sectors of interest and experience include finance (especially systems supporting wholesale finance), telecommunications and energy. Charles has spoken at multiple industry conferences, has written for numerous publications (including the London Times and the Financial Times). He was the General Chair of the bi-annual High Performance Systems Workshop, 2005. In addition he is an author and novelist. His Technology books include: Making the Most of Mobility Vol I (eBook, 2012); Explaining iTunes, iPhones and iPads for Windows Users (eBook, 2011); 5 Axes of Business Application Integration (2004). His published novels, in the Corruption Series, include: The HolyPhone Confessional Crisis, Corruption’s Price: A Spanish Deceit and Virginity Despoiled. The fourth in The Corruption Series - Resurrection - has is now available. Charles has a B.A. and M.A in Modern History from the University of Oxford. He has lived or worked in Italy, Abu Dhabi, South Africa, California and New York, Spain, Israel, Estonia and Cyprus.

1 COMMENT

  1. While I agree with Charles, I’d suggest there is another viewpoint that makes this interesting. It is hard to know who holds what percentage of a cryptocurrencies. With the number of new currencies appearing, this would provide an opportunity to spot market manipulation by those with very large holdings.

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