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LaLa World

The Tokyo Talks

LALA World experienced exciting first few weeks at the Accelerator Program ‘Fintech Business Camp Tokyo’ that is held by TMG (Tokyo Metropolitan Government). It has been organized by Accenture with the aim of inviting foreign start-ups with cutting-edge technologies and business models to come to Tokyo. From LALA World, Mr. Jayadeep Apte, Global Head of Strategy and Business Development and Mr. Ranjit Kumar, Group COO along with team presented the LALA World ecosystem and shared the journey of utilizing Blockchain based solutions for financial services.

Team LALA met with various banks and high net professionals from Rakuten Bank, Accenture and Tokyo Government.

The vision of LALA World, i.e., to touch 100 million lives by the year 2020, was well received amongst pioneers of the Japanese market, as they have similar aspirations from their businesses. The presentations managed to grab the attention and interest of various investors as well. The journey of being acquainted with Japanese culture and markets have been splendid so far.

We believe that this can become a major milestone that can exponentially expand our global reach. LALA World extends warm gratitude to our community and supporters. Stay tuned for more updates.

Blockchain –Mitigating the Landscape of FinTech Industry

Blockchain –Mitigating the Landscape of FinTech Industry

Ecosystem that includes all. FinTech has garnered positive attention from around the world for its ability to instill comfort and user-friendly interface in various domains of financial service including Banking, Lending, Insurance, Transfers, etc. Introduction of Blockchain in FinTech industry has further streamlined the services, adding up to the fruition of the industry. With Blockchain replacing the traditional technology in the workflow of Fintech, it is becoming increasingly essential for us to develop an understanding of the underlying processes of this one-of-a-kind technology.

Blockchain is a decentralized digital ledger that holds records of digital data or events in a manner that makes them tamper-resistant or ‘immutable’. While many users may have access and can inspect or add to the data, they can’t alter or delete it. According to a study published by Statista, “the Blockchain is used mostly for international money transfers, which was about 60%. Other usages include KYC and anti-money laundering, predictions and stock markets, collateral management, trade surveillance and so on.” The report discussed Blockchain usage opportunities among financial institutions worldwide in 2016.

Blockchain and Financial sector are brought together with the aim of improving the lives of the unbanked. FinTech is a crucial element in providing solution to the global issue of financial inclusion. If we consider the history of technology adoption in financial sector, innovations have been constant beginning from the introduction of core banking systems in the 1970’s and 80’s, the ATMs came in the 1990’s, and entry of mobile money (e.g. M-Pesa in Kenya) in the 2000’s. World believes that the amalgamation of Fintech and Blockchain can achieve new heights. After all, banking has been around since the beginning of the Ancient Greek and Roman periods and even before that. The first banking systems were founded to facilitate trade in the MENA Region. However, today, 86% of the population in MENA are excluded from receiving Financial Services.

What is the reason behind their drift? Why are banks serving the wealthier? This is the province where Blockchain can come in handy with its strength and capability to reach all while eliminating ambiguity and inducing transparency. This makes banking on Blockchain extremely customer-friendly, quick and efficient. It can reclaim the lost trust and credibility of banking systems in the hearts of users.

Benefits of Blockchain for FinTech

  • Security: The major concern of customer has always remained security, provision of which is the foremost priority for FinTech companies. Financial intermediaries like a stock exchange, money transfer services and even banks are suffering from economic fraudulent cases. One of the common reasons for this is the centralized database that is vulnerable to cyber-attack, leading to the destruction of the entire database. As soon as they gain access to one system, hackers get the path to breach other security systems as well, leading to more loss and security failure.

    Blockchain is an optimal solution to avoid these situations as it is a distributed ledger, wherein data is decentralized, stored in blocks, and each block holds a timestamp (a cryptographic hash function). Each block contains a link to previous block’s hash, thereby creating a chain of records that cannot be fabricated.  Network like this would require access to multiple blocks for breaching the security system which is next to impossible, this reduces the damage caused to the financial institutions.

  • Elimination of Intermediaries: The entire FinTech industry is striving to make financial services efficient and cheaper. But there’s an excessive number of intermediaries in the process, each of which gets their profit margin in a transaction. They can also access your private data making it vulnerable to security breach and tampering. Reducing the number of intermediaries makes the process quicker, cheaper and more transparent. Blockchain system is a peer-to-peer network than provides utmost security which no other financial technology has been capable of doing in the past.
  • Smart Contracts: Before understanding the peculiarities of smart contracts, we must believe that they have come to free us from the bureaucracy and stagnation of the systems. They are fulfilling automatic agreements that don’t need manual approval to work. Smart contracts include setting the conditions which are essential for the execution of a contract.. It can induce speed and reduce human error percentage in consummating each contract.
  • Cost and speed of transactions: Even though it takes a lot of processing power and time to make changes in a Blockchain, it is more efficient since the operation is performed in a single system. If we just consider international payments, it’s almost certain that adapting to Blockchain for transactions will make the process faster. It will omit the need to wait for several days for its completion. Transactions do not require approval from numerous authorities and financial institutions that lie between the sender and the recipient.

FinTech industry has realized the evident difference Blockchain has brought by making its applications real-time, fast and secure. LALA World has stepped ahead from its competitors by introducing the Blockchain based digital identity. This new development is a  prominent feature of Fintech industry that simplifies the authentication system. In implementation of Blockchain, LALA World was is in the process of putting together an efficient financial

LALA World in Tokyo – Selected To be a Part of an Exclusive FinTech Business Camp

FinTech Business

LALA World has been selected to be part of an exciting Accelerator Program, in Tokyo, Japan. The Accelerator Program “ Fintech Business Camp Tokyo ” is held by TMG (Tokyo Metropolitan Government) and run by Accenture with the aim of inviting foreign start-ups with cutting-edge technologies and business models to come to Tokyo. TMG’s goal with the program is for the start-ups to deepen their knowledge of both Japan’s market and various needs of the companies in the capital city. This program envisions to cultivate business networks and attract foreign companies.

LALA World is amongst the few start-ups handpicked by TMG for this camp. LALA world’s achievements in a short period of time were acknowledged. Our essence of our socio-business, gave us this inspiring chance to project our vision and business structure to Japanese market.

Not only this, we will get acquainted with the Japanese citizens, who are culturally inclined towards believing in inventing something new each day.

LALA Legacy is expanding its business and building an ecosystem that positively accommodates an increasing number of global citizens. Imprinting our footprints in Japan is just a step towards our aim.

Furthermore, LALA World is also interested in the TMG’s Financial One-Stop Support  Service, which offers a range of business and lifestyle assist, equipping startups with information and advice on Japan’s regulations, etc. They would additionally assist in all aspects from establishing a local company to infrastructure needs like office space and information on living in Tokyo.

We extend our gratitude to the community. It is because of their continuous support and feedback that we are able to maintain this accelerated development.

We are look forward to an enriching experience in Tokyo!

LALA Worked Like a True Virgo This September – #9thMonthlyRoundup

LALA Worked Like a True Virgo This September - #9thMonthlyRoundup

We managed to accomplish what was planned for the month and we can’t be more proud of the team.

Launches & Expansions 

LALA World announced the launch of its new service – “Pay by Crypto”. This allows the users to top-up and recharge using cryptocurrency through the LALA World App in all crypto-friendly countries.

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LALA WORLD Launched Cross border Mobile payments in 160 Countries with its Trusted Partner TransferTo. This key partnership with TransferTo has enabled LALA World to access over 600 mobile operators, across 160 countries and offer their customers to seamlessly top-up the mobile phones, all credited in real-time, directly to the recipients mobile in local currency.

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BUSINESS MENTIONS

LALA World has been selected to be part of an exciting Accelerator Program, in Tokyo, Japan starting October 1st. The Accelerator Program “Fintech Business Camp Tokyo”is held by TMG (Tokyo Metropolitan Government) and run by Accenture with the aim of inviting foreign start-ups with cutting-edge technologies and business models to come to Tokyo. This program envisions to cultivate business networks and attract foreign companies.

LALA World is amongst the few start-ups handpicked by TMG for this camp. LALA world’s achievements in a short period of time were acknowledged. Our essence of our socio-business, gave us this inspiring chance to project our vision and business structure to Japanese market.

LALA Legacy is expanding its business and building an ecosystem that positively accommodates an increasing number of global citizens. Imprinting our footprints in Japan is just a step towards our aim.

EXCHANGE LISTINGS

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

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

It is the community we work for and the LALA family, we believe in, 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.

EVENTS VISITED & SMILES SPREAD

LALA World attended Consensus Summit Singapore 2018, the first International edition of the biggest Blockchain Technology and Crypto Conference on 19th & 20th Sept 2018 at the iconic Marina Bay Sands hotel.There were over 75 experts sharing their insights, important industry announcements  were made, and LALA World earned many cross-industry networking opportunities as event witnessed more that 8,000 attendees. The event was mutually beneficial, where LALA World’s inputs were valued and appreciated, at the same time, learnt from the experts who graced the event.

 

Observing the Paediatric Cancer Awareness month, LALA World  collaborated with OncoHappy, an NGO dedicated to holistic care of kids with cancer, to facilitate an expressive art festival #goldishappy. The 7-day festival from September 24th to September 30th, included multiple therapies, including, poetry, music, dance movement, theatre, cooking, storytelling, craft and art. The instructors holding these workshops were a group of artists and therapists, spending time helping children to cope up with their treatment.

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I’m Excited to be Back For My 4th AMA – Let’s Connect The Dots

I’m Excited to be Back For My 4th AMA - Let's Connect The Dots

Dear LALA Community,

Really excited to be back for my Fourth AMA this time.

Here’s a couple of things I won’t be doing this Friday – Taking a flight, Speaking at an event, Writing, Working late hours or sitting at the back seat of an Uber. All, so that I can answer your questions instead.

Why is this special?

The coming months are going to be packed with great news like New Releases, Product Updates, Working Partnership Updates, Accelerator Programs, LALASpeaking at Events, Business Camps, Some Team Building Exercises and much more at the backend.

We are close to our next Big Achievement after LALA ‘Pay by Crypto’ was made live last month. Powered by Stellar Protocol we are coming up with our Star Product ‘LALATransfer’ in action sooner than expected, and kudos to the team that is working really hard to make it a 4th consecutive launch in last 3 months.

So preparing and chanting the words of trust in God, I assume you will keep it easy for me this time. Few I know will be tough but good ones to talk about. I Would sincerely like to answer any question as per my wish coming up until 4th Oct 2018, 11:59 Pm Singapore.

I will answer the top 10 most upvoted questions on the Reddit Thread posted here – http://bit.ly/4thAMA-LALA

Retweet the Post shared in here and spread the word, so that people and other community members don’t miss out on the opportunity to ask their questions – http://bit.ly/4thAMA-twitter

You can join our Telegram and other Social Channels for regular updates and please give a thumbs up every time you see our post on all LALA World social handles as the team gets motivated to see you all support.

We thank all our Proud Investors and LALA Users who have been supportive and got us thus far. Your trust is paramount for us to make LALA a huge success.

Yours Sincerly,

Sankalp

LALA World Spreads Smiles with Creative Healing

Brings paediatric patients an expressive art festival in collaboration with OncoHappy

LALA World collaborated with OncoHappy, an NGO dedicated to holistic care of kids with cancer, to facilitate an expressive art festival #goldishappy.

Observing the Paediatric Cancer Awareness month i.e., September, OncoHappy has curated India’s first ever expressive arts festival and is conducting it with over 50 local partners.

The LALA teamed up with the volunteers of OncoHappy to help them in organising creative healing sessions at St. Jude Childcare Centre, Delhi-NCR, India. The therapy sessions are being conducted between for seven days i.e. from September 24th to September 30th, 2018. This is being held across multiple cancer centres in Mumbai, Delhi-NCR & Bangalore and LALA World is humbled to be part of this creative drive.

The 7-day festival will include multiple therapies, including, poetry, music, dance movement, theatre, cooking, storytelling, craft and art. The instructors holding these workshops are a group of artists and therapists, spending time teaching children the importance of mental health to cope up with their treatment.

Approximately 9 million people lost their lives to this dreadful disease last year. LALA World recognises the pain borne by cancer patients and is doing its bit to to reduce the traumatic experiences that they are suffering.

We encourage our community members to empathise with people in need and contribute towards building a better society.

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.