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LALA World On Bitmart. Voting Begins.

Dear LALA Family,

We are extremely happy to inform that LALA World has been selected for Bitmart Exchange Community Voting. With every single vote in favour ofLALA World, the possibility of LALA Token to get listed on another exchange will grow.

Click here to register your vote: https://www.bitmart.com/vote

It is the community we work for and the LALA family, we believe in. And in the time of need, family, to whom we look forward to. All we need from you is support, in the form of votes, helping us win and get listed on this exchange, just the way we are present across Kucoin, Coss, Liquid, Cobinhood, and Idex.

Click to Retweet: http://bit.ly/bitmartlisting

The voting process is based on ATP, where all votes are recorded on Blockchain to prevent fake voting. The most voted project will be listed on the Bitmart Exchange. We request LALA Community to spare moments and contribute to get LALA listed.

Thank you for the continuous support!

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Is Blockchain Legal? – The Confusion

Is Blockchain Legal

Sudden spike in rates of Bitcoin and numerous frauds across ICOs have confused the masses and created questions towards the legality of Blockchain. While the formers are cryptocurrencies, the latter is a technology that has cryptocurrencies as one of its numerous use cases.

People often consider Bitcoins & Blockchain as synonyms and question the grounds of Blockchain’s legality in the nation. Firstly, we need to understand that Blockchain and Bitcoins are 2 different entities.

What is Blockchain?

The Blockchain is a decentralized ledger onto which the transactions are recorded in an immutable manner. The transactions are always performed on the basis of community consensus, assuring the authenticity. In every 10 minutes, a new block is mined (formed) carrying records of transactions, where the information is encrypted through hashes (A hash is a function that converts an input of letters and numbers into an encrypted output of a fixed length). Each hash is pointing to previous and next hash, creating an immutable chain, as tampering with data or any hash would disturb the entire sequence.

The Blockchain is of 3 types, permission-based, private and public. In the former two types, only the participants have a complete access to the information stored on the chain, and in the latter, the information is transparent to public.

What is Bitcoin?

Satoshi Nakamoto, in January 2009 released a whitepaper on ‘Peer to Peer Electronic Cash System’, in that the term ‘Bitcoin’ is defined as cryptocurrency. Bitcoin is a currency powered by the Blockchain Technology, making it secure and immutable in nature. Transfers in cryptocurrency do not require an intermediary to perform verification, but this transaction takes place on peer-to-peer network triggering complete transparency. Therefore, making the transaction secure and tamper-proof.

Legal Aspect of Blockchain in various countries

“UN Agencies Turn to Blockchain In Fight Against Child Trafficking” (Source CoinDesk)

Certain governments have put the utility and trading through cryptocurrency on hold because they want to come up with regulations to curb the illegitimate activities they fear that can be done using crypto. Few countries have not reached the economic threshold required to execute the extensive practice of cryptocurrency in the market and without due diligence, simply banned their use in their respective country.

However, those who realised around 2014 that Blockchain has more implications than cryptocurrency alone, started to invest in and explore including Dubai, Singapore, Switzerland to name a few. All these countries realised the importance to deploy this technology in various domains.

Gradually, world is opening and willing to inherit the utility of Blockchain, which is not just logical, but most transparent version of doing things right. Embracing this technology can help the governments establish groundwork for their citizens that “all processes can be transparent, corruption free, safe and immutable.” It can make various structures more trusted amongst the people. Hence, this technology ‘Blockchain’ that coined the phrase ‘decentralised ecosystem’ is neither banned in any country and neither is it illegal to implement its use cases in any part of the world. But, legality comes in question only for the cryptocurrency.

Many potential leaders across world believe that technology holds the same significance.

Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchain automates away the centre. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly.” —Vitalik Buterin, co-founder Ethereum and Bitcoin Magazine.

Blockchain is a technology tour de force”- Bill Gates.

I have been at this 35 year, writing about the digital age. I have never seen a technology that I thought had a greater potential for humanity” – Don Tapscott Writer.

The Blockchain is in its nascent stage and yet revolutionising the finance sector. LALA World is one such progressive organisation which with its product ecosystem is growing towards development of Blockchain based sustainable solution to impart right knowledge and positive change in the society. LALA World acknowledged the fact that “Blockchain is unstoppable” (despite of all the confusions) soon enough to make an impressionable change in the fintech industry.

Meet Sankalp Shangari at LATOKEN BEF-Block Summit 2018, Vietnam

Partnered with RMIT University, LATOKEN Block Summit 2018 will take place in Ho Chi Minh City, Vietnam on September 26, 2018. Sankalp Shangari, CEO LALA World, has been invited to share his thoughts.

LATOKEN Blockchain Economic Forum is held globally with the aim of taking crypto to mainstream and far-reaching by empowering innovators to find new ideas, investments, allies and build strong relationships. Previously held in Singapore, New York and San Francisco, the event observes presence of over 2000 investors, business heads, politicians, decision makers, entrepreneurs, thought leaders, top journalists, bloggers and YouTube influencers.

Experts from all around the world belonging to prestigious organisations with years of experience in their respective fields, will be gracing the Summit in Vietnam.

LALA World is excited to see Sankalp Shangari being a part of the panel discussion, commencing at 4:20 pm (local time) with the agenda ‘Growth Strategy & Crypto Markets’.

LALA Team encourages our supporters and community members to attend the Summit and personally meet Sankalp for a chat. We extend our gratitude for your support and incessant motivation. It is because of you that LALA World is gaining recognition across continents.

Global Adoption of Blockchain by Governments

Blockchain is the technology that is majorly supporting the operation of cryptocurrencies. However, its operations are not limited to merely the crypto-economy and are useful across various industries. It is the robust functionality of Blockchain technology that has caught the eyes of governments across the world. Countries are constantly competing against each other in terms of technical development and innovations. Many governments are funding researchers to better understand the potential of Blockchain and some are already in the process of testing its applications. The new age technology has the potential to revolutionize domains, including, Healthcare, National Identity Management Systems, Tax and Internal Revenue Monitoring, Voting and Secure Banking Services.

There are many countries where Blockchain is gaining pace and making a difference in the lives of people.

Dubai

Dubai continuously explores and evaluates latest technology innovations that demonstrate  opportunities to create seamless, safe, efficient and impactful economy. Dubai aims at introducing Flying Taxis, self-driving vehicles and actual ‘Robocops’. The country already employs new technologies before the world wakes up to them. With this, government hopes to become the first-ever Blockchain-powered country by the year 2020. Citizens are currently enjoying the leverage of embracing this technology and facilitating license renewals, bill payments and visa application through it.

As Dubai is a popular holiday destination, hosting millions of tourists and visitors every year, manual engagement is very high in processing and estimating 100 million documents. The processes are made paperless in transaction system that are hosted entirely on the Blockchain. This development can help save a lot of money and time.

Estonia

The government of Eastern European nation of Estonia has actively been trying to deploy sustainable Blockchain-based solutions for many government activities. They have instilled Blockchain directly in the roots of citizenship by installing the model of Blockchain-based national identity management system. ID-kaarts has been able to reduce bureaucratic red-tape, thus improving the timelines and quality of government service delivery to Estonian citizens.

Gibraltar

This nation was swift in implementing Blockchain technology in the Fintech industry. Government won the race by issuing licenses that allow Blockchain to be used as ducts for the storage and transfer of digital assets. The GBX (Gibraltar Blockchain Exchange) allows the integration of Blockchain in trading and settlement system.

Singapore

Singapore, being a small island, is still counted amongst the biggest, most powerful Fintech hub across the globe with over 200 banks. The nation being relatively liberal, welcomes innovation, emerging technologies and has built a diverse ecosystem to support more than 150 start-ups on Blockchain-based technology, making Singapore the new California Dream for some intrepid blockchain explorers. The real estate industry is also adapting this technology in the most advanced manner. The transactions in this industry have become more transparent and secure by deploying smart contracts. The processes when run on Blockchain, save time and money by eliminating the paperwork and digitizing agreements.

 

United States

There is a project that is designed for individualisation and improvement in the security of identities. It can be achieved by incorporating Blockchain Technology in proposed birth registry and identification system. In US Federal Government, both Pentagon and DARPA are reportedly focussing their attention on theoretical immutability of Blockchain. Through this, they aim to design a robust and secure network for protocol to run without the threat of interception or hacking.

Some Blockchain based applications are being pursued or leveraged by various governments from all around the world. While Cryptocurrencies continue to be shrouded in a lot of restrains, this technology continues to be interesting proposition for many governments. It is here to stay and governments are most likely going to espouse it.

LALA World having the first movers advantage, has been a part of this drive working towards making an impact globally with implementations of Blockchain technology in the Fintech Industry. With its consumer centric products being launched, the whole LALA Ecosystem is now shaping up. Embracing this cult technology is the new way to build a world that’s truly financially connected.

Meet the Man Behind LALA World at Consensus Singapore 2018

Hosted by Coindesk, Consensus: Singapore 2018 is just around the corner and LALA World is attending.

Organised strategically, Consensus: Singapore is the first international edition of the biggest blockchain technology and crypto conference, Consensus Summit. It is an answer to the requirement of specialised content and powerful networking opportunities. The event will witness over 75+ Experts sharing their insights, important industry announcements and cross-industry networking opportunities with 8,000+ attendees across domains.

Team LALA is excited to be a part of this mega event, being held at Marina Bay Sands from 19th-20th Sept, where our CEO and Founder, Sankalp Shangari and team members will be present to share and discuss the up coming offerings from LALA World.

Join in for discussions and queries over the wide array of Crypto Services offered by LALA World and lead the crypto race. Don’t hesitate and come up for chat as Sankalp looks forward to meet our fellow LALA family members, Blockchain experts, entrepreneurs, partners, investors for establishing relations and channelising knowledge transfer for catalysing development of the crypto community – at Consensus: Singapore.

LALA WORLD Launches Crossborder Mobile payments in 160 Countries with its Trusted Partner TransferTo

We have always collaborated with exemplary enterprises that have brought us closer to our mission. This time LALA World’s new partner will help us in expansion of accessibility in more countries.

LALA Family is thrilled to announce our partnership with “TransferTo”. A leading global digital value services network offering safe, reliable and more accessible mobile value services for emerging markets. Their B2B cross-border network interconnects and provides mobile operators, money transfer operators, retailers, distributors, NGOs and corporates with unparalleled infrastructure and reach to offer solutions that better connect families across borders. This key partnership with TransferTo will enableLALA World to access over 600 mobile operators, across 160 countries and offer their customers a safe and reliable solution to seamlessly top-up the mobile phones– all credited in real-time, directly to the recipients mobile, and in local currency.

LALA World shares the interest in this facilitation to satisfy our international customers.

Digital payments have made lives easier and added speed to the process of transaction which used to take days to process. Digitalization at global level has amplified the innovation in globalization, which has helped the world to stay connected in a substantial way.

LALA World feels that this partnership is a huge opportunity for us to link with the pool of users and associate them with our services of online transaction modes like recharges, bill payments along with additional services. With TransferTo on our side, we foresee the fruitful results forLALA World’s Global financial ecosystem.

We have more exciting partnerships lined up. Stay tuned for more updates from the LALA Family!

“Pay by Crypto” is now live on LALA World App

LALA World announces the launch of its new service – “Pay by Crypto” today. This will allow the users to top-up and recharge using cryptocurrency through the LALA WorldApp in all crypto-friendly countries.

“LALA World is thrilled to endow utility to crypto-currency which can now be used as a payment method for bill payments and other utility services,” said Sankalp Shangari, CEO of LALA World. He further emphasized, “We are even more excited about the fact that we are one of the first to offer this service on such a large scale.”

Pay by crypto in addition to fiat currency allows users to pay for services like Top-ups and recharges through LALA World App by using LALA Token. Users can easily buy LALA Tokens through exchanges like Kucoin, Cobinhood, Coss, and Qryptos and can transfer them to LALA World App. They can also transfer Ether from a third-party crypto wallet which will be visible in the form of LALA tokens in the App, in accordance to the last traded value.

LALA World takes care of the rules and regulations of every nation and is making its services available accordingly. Hence, “Pay by Crypto” has only been implemented in nations that are deemed crypto-friendly.

Pay Your Bills in Crypto Using LALA Tokens

Team at LALA expresses its gratitude to the community for continuous support.
Thank you!

LALA Highlights Of The Month, August’18

Launch & Expansions 

LALA World APP takes its footprint in 53 countries: LALA World users now will be able to top-up their ManGo balance in LALA World App (both Android & iOS) with fiat through ManGo self-service kiosks located in 450 locations across UAE. Post this, users can recharge/top-up their mobile in UAE or any mobile number from the 53 different countries including Afghanistan, Thailand, Russia, Botswana, China, Egypt, Ghana, Kuwait, Armenia, Iraq, and Indonesia to name a few.

https://blog.lalaworld.io/lalaworld-app-takes-its-footprint-in-53-countries/

LALA World iOS App Launch: We launched the much-anticipated iOS App. The App is now available on the Apple store. It allows users to make utility payments and recharges for several service providers. We are currently supporting these services in India and UAE along with our trusted partners ManGo Point Kiosks, recharges / top-ups can now be easily done from UAE to 50+ countries

LALA World in Media

Sankalp Shangari was featured in an interesting episode of Asia Tech Podcast (ATP.Show) with Graham D. Brown  giving insights on how #blockchain technology is helping LALA World make an impact.

Sankalp Shangari – LALA World, Global Wallet Local Partnerships | Asia Tech Podcast

News Mentions

The LALA World this month was covered by elite news portals and publication houses.

The Economic Times wrote “LALA World, a Singapore-based fintech company, has launched the blockchain and artificial intelligence-based payments app for iOS users in India and UAE.

Read more at: Blockchain-based mobile payments app launched in India 

The news was also reported by Deccan ChronicleInc42MedianamaChannel DriveDaily HuntTechherald & more.

Events & Conferences

Blockchain Technology Summit 2018

Sankalp Shangari, Founder & CEO of LALA World, was invited amongst Blockchain enthusiasts  to speak at “Blockchain Technology Summit 2018” held in Shanghai. The event became a safe crypto sphere in the presence of world’s renowned advisors and crypto specialists where visions that are a challenge to conjure were freely discussed. Sankalp to grace the Event “Blockchain Technology Summit – Shanghai

LALA World was added in the prestigious list of “Bloconomic Summit”. Sankalp contributed by sharing his vision on alleviation of poverty through social business implementing Blockchain Technology. He spoke about “Blockchain for the unbanked” emphasising the ways of utilizing Blockchain to break financial barrier for the disadvantaged. LALA World was hosted to a warm reception at the summit having excellent thought leaders. Sankalp Invited to Speak at “Bloconomic Summit”.

3rd Ask Me Anything with Sankalp Shangari went Live Opening the Month

The 3rd successful AMA session with LALA World CEO & Founder, Sankalp Shangari answering questions from the community went live in August.

For more information and insight into the road ahead and the action plan for growth.

Watch now at – https://www.youtube.com/watch?v=kvn-6nmowZI&feature=youtu.be

LALA World APP takes its footprint in 53 countries

LALA World has taken a step towards making its app globally viable. With the teams consistent effort we are excited to announce that LALA users can now top-up and recharge in 53 countries. We are soaring to new heights through rapid progress towards increasing our footprint in more geographies, as we make LALA products and services accessible to all.

“With this expansion we have increased our reach. It clearly defines that we are moving closer to our mission of bringing families together.”
– Ranjit Kumar, COO, LALA World

LALA World users now will be able to top-up their ManGo balance in LALA World App with fiat through ManGo self-service kiosks located in 450 locations across UAE. Post this, users can recharge/top-up their mobile in UAE or any mobile number from the 53 different countries including Afghanistan, Thailand, Russia, Botswana, China, Egypt, Ghana, Kuwait, Armenia, Iraq, and Indonesia to name a few.
Our community always motivates us to continue in helping us realise the dream that we all envisioned together. We are constantly working on expanding our offerings in products and services, making lives easier.

“We keep moving forward, opening new doors, and doing new things, because we’re curious and curiosity keeps leading us down new paths.” Walt Disney

To stay updated on the latest happenings & product news, join our Telegram community here https://t.me/LaLaWorld. For any support regarding the services, please contact us at: [email protected]
LALA Team expresses its gratitude to the community for its continuous support and being with us in this journey since the beginning.

Women Entrepreneurs to Lead Economic Growth with LALA WORLD

“Women are the real architect of the society” – Harriet Beecher Stowe

Women entrepreneurship has been widely accepted as a significant source of economic growth. The women entrepreneurs today are capable of producing new job opportunities for themselves and communities across the world, setting examples for the society with unique solutions in management and businesses they run. With a womanly approach rather just being aggressive and money minded, they always bring in a different perspective, creativity and their special sauce on a business model that can have a positive impact on lives as they have an eye for minute details- from colors to keeping things tidy and in order, perfectly in sync to business planning.

However, women still represent a minority in entrepreneurial ecosystem and its sad that there could be many brilliant ideas that we don’t even know about, but can be successful and socially impacting. And they just lie within. This lack of push for female entrepreneurship runs deep in systemic inequalities which must be addressed now, to increase accessibility for all genders.

LALA World is a fast-emerging financial ecosystem which can positively impact this space by providing more resources to women to being a journey towards a rewarding livelihood and exploring their dreams. With our application we can add value to their burgeoning ventures. LALA World does not have the typical enterprise’s goal, but intends to extends its hand in supporting women entrepreneurship.

“Women belong in all places where decisions are being made… It shouldn’t be that women are the exception.” —Ruth Bader Ginsburg

Read more about it: LALA World to Utilize Blockchain for Addressing Social Issues

While we talk about women empowerment, it is still in its progressive stages in the society. In India, a large percentage of women enterprises are micro enterprises that women undertake as an economic activity. These micro-enterprises can be classified into farm and off-farm. In rural India, traditionally, a lot of women primary-producers can be classified as entrepreneurs. For instance, “Lijjat Papad” legacy of drying papad (poppadom) on their roof tops, and the revolutionary “White Revolution” famously known as “Amul” created a national milk grid that linked milk producers throughout India with the millions of consumers, acting as a bedrock to ensure livelihood and cutting out the middlemen. All these initiatives were to give a thrust to women entrepreneurship.

Family responsibilities, traditional social norms, and the patriarchal structure limit women’s exposure to the outside world. These women face various challenges due to gender-based barriers to start and grow their businesses which include discrimination in property laws, matrimonial responsibilities, inheritance laws and/or cultural practices, lack of access to education, formal finance systems, limited mobility, poor access to information and networks, etc. This restricts their development and mobility, making them dependent and almost impossible to reach the market. Middlemen in the business chain exploits women financially due to the opacity of the entire chain of demand and supply. As a consequence, women end up losing a great deal at all ends. This increases inefficiency and insecurity in the system for a businesswoman. They are unaware about the status on payments and are unable track their finances. As a result, they end up feeling helpless in that aspect of business deals. Women also need encouragement in generating capital for their businesses on their own without being dependent on anyone.

Blockchain enterprises like LALA World can bring great prospects for women running micro or small SMEs through this exclusive decentralized financial ecosystem. The application of decentralized technology has no boundaries. Women can successfully bypass the inherently recondite and lengthy procedures associated with traditional financial transactions.
From securing personal records from money transactions to payments- women entrepreneurship can benefit immensely from the LALA World initiative.

Read more about it: LALA WORLD EMPOWERING WOMEN FOR THE UPLIFTMENT OF SOCIETY

LALA Transfer can provide a secure way to complete financial transactions, which could bring financial services to women entrepreneurs who are still without a bank account. Importantly, payments made with LALA Transfer can cost less in peer-to-peer transaction without third-party intermediaries. Likewise, the no costs associated to get on the LALA World App may become a significant bridge to create entry for women having vision for their own business. Within the LALA World App, person with the LALA ID can use it as a global unique identification.

LALA Lend will provide a platform where the lending process becomes low-priced, short & efficient. It will also eliminate the role of intermediates.

Conventional methods of fundraising like VC will always be present. But applying for these high profiles financial bodies is difficult. Due to biased land and inheritance law in developing countries, women face challenges in providing quality collateral for the loan. The process thus becomes lengthy, expensive, and not worthy of the hassle. However, our LALA Lend application highlights an opportunity for women to receive a collateral free loan easily.

Read more about it: LALA World Partners with SmartPesa to Reach 8000+ Merchants in the Developing Countries

LALA World would never leave an opportunity to help humankind. All the women in countries dreaming to work on something innovative should be encouraged. Blockchain industry can create financial freedom for all. Women with profound business visions if given financial support can build a new world.