Privateum Initiative Monthly Updates — September 2021

DEVELOPMENT UPDATES

  • Whitepaper 2.0

We’re pleased to announce our updated whitepaper. Catch up on Version 2.0 here!

  • Alpha Testing

We’re happy to announce that the second and last phase of Alpha Testing started on Friday, September 3rd, following the successful completion of the first phase!

COMMUNITY UPDATES

  • AMAs

Crypto Caravan hosted Privateum’s CTO and Co-Founder Gevorg Airapetian, at the AMA series.

With a community of over 60K members, Infinity Chain welcomed Privateum’s CEO and Co-Founder, Alex Shtern.

Read the Infinity Chain x Privateum AMA Recap through Medium’s link.

PRESS RELEASES AND BLOGS

September saw the release of several articles and blogs.

These included tier 1 crypto publications and traditional media such as:

  • News BTC — Global Issues & Privateum Solutions, with syndications in CoinMarketCap and CoinGecko
  • TechTimes — Privateum Cooperative Business Model
  • The Cryptonomist — Leveraging Cooperative Model to Build a Sustainable Blockchain Network

And blogs like:

  • Providing Anonymity to Crypto Users and Surveillance to Regulators
  • What Sets Privateum Apart from Privacy Coins?
  • 5 utilities that the PVM token has within Privateum

“We have lost sight of what PRIVACY means because we are trapped in a global surveillance society.

Securing data in the current information age is one of the biggest concerns across all industries; however, the financial services industry is a primary target as it deals with a significant amount of confidential client and customer data for daily business transactions”.

Read more at News BTC.

“As the world experiences a prominent movement in the financial industry, it is crucial to take the agreement of regulators while respecting and preserving the end-users privacy. A way to do this is by utilizing a cooperative model to build a blockchain-based private network.

Privateum members control and own the cooperative, who also use the cooperative’s products and services. This business model creates wealth and reflects community interest while also providing limited liability, the potential for longevity, and governance”.

Read the article at TechTimes.

“A Cooperative Model consists of members participating voluntarily towards meeting their economic or social objectives and creates a democratic governance system where each voice has equal weight.

Privateum leverages the cooperative model approach to create an ecosystem wherein everyone can participate, including private members, businesses, decentralized autonomous organizations, and legal partners”.

Read more at The Cryptonomist.

“Privateum members control and own the cooperative, who also use the cooperative’s products and services. This business model creates wealth and reflects community interest while also providing limited liability, the potential for longevity, and governance.

The model offers two advantages:

  • Firstly, it supports the development of local economies, businesses, participants, and communities
  • Secondly, it is versatile, as it captures not only a multi-stakeholder global partnership but also a tiny shop.

Privateum cooperative business model provides a governance framework for all voices on the table to be heard equally”.

Read the article here.

“Unlike most privacy coins that operate independently, PVM token facilitates external business transactions through a public blockchain.

However, for users to form part of Privateum’s cooperative business model, they must pass KYC and KYB checks. By doing so, the platform guarantees access to the Privateum unique Ghost Network™ that protects user’s transactions within the public blockchain”.

Continue reading here.

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Privateum

Privateum

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Privateum is a technological and legal solution based community platform that enables private assets management.