Home Encrypcurrency Skipjack's Encryp Block and Zetanet is the Future of Fintech
Sikpjack Corporation as known is an internet technology and global payment company that enables consumers, businesses, banks and governments to use digital currencies. However, its main aim is to facilitate electronic fund transfer throughout the world. Encrypblock technology will become the world largest electronic payment system with a vision to provide clients, businesses and government with the best possible way to pay and get paid.
Recently, Skipjack Corporation introduced encryp block and Zetanet as the future of financial technology during the Indonesia Fintech show 2018. This goal will definitely revolutionize Fintech as expected.
The company that is based in UK and Dubai has invented a new mathematical series named "Jack's Law" to develop a new encryption protocol that will be used in the new software to build Internet 2.0. The mathematics of the encryption system is being programmed to be applied in financial technology (fintech) that will be called Encryp Block.
With Jack's Law at its core, the concept of digital Fibonacci (later to renamed as Zeta)series in computing application, Exchange Algorithm (KEA), Encryp currency is being developed as the new peer to peer (p2p) digital financial transaction system to provide greater security and accountability as compared to those provided by the existing digital currencies. The KEA architecture is the new feature in digital currency payment and will help improving the security with Diffie-Hellman protocol.
The Zetanet protocol suite is the conceptual model and Set of communication protocol used on the new internet 2.0 and similar computer networks in a zeta series. It is known as ZETA/IP because the fundamental protocols in the suite are the Zetanet protocol (Zeta) and the Internet Protocol (IP). The internet protocol suite technology name as "Zetanet" will be the new internet 2.0 to replace the existing Internet 1.0 (TCP/IP). It estimated that Zetanet will available by December 2020.
Both technologies became the technical foundation of the new Internet 2.0. The packet-switching methodology employed in the ZETANET was based on concepts and design by Lord Jack, a British scientist who the developer Of Skipjack. The Zetanet communication protocols currently developed for the Zetanet by a team of computer scientist have incorporated concepts from the project directed by Professor Dr. Sir Mike Irvan. Jack's Law observed the number of dense network data computation doubling for about every two years. It describes that the connectivity, the storage, and the speed shall improve from the change of split protocol in the algorithm in the encryption of data technology.
It is an observation and projection of a trend and not a physical or natural law. In financial technology, it will increase the store value of currency based on demand and supply of gold. It is technology improvement in protocol efficiency, design, and connectivity solving the issue of speed of data, storage, and connectivity. Encrypblock technology is a real-time gross settlement system, currency exchange and remittance network created by Skipjack Corporation Inc., a UK, and Dubai based technology company.
Encrypblock technology is built upon a zeta series internet protocol and supports a new digital currency (encrypcurrency) that will represent fiat currency, cryptocurrency, commodities, or other units of value such as frequent flier miles or mobile minutes. Released in 2018, Encrypblock Technology purpose to enable "secure, instant, and almost free global financial transactions of any size with no chargebacks."
Encrypblock can connect billions of people every day through electronic payments, helping to deliver the latest payment innovations worldwide. It can authorize more than 1,000,000 transaction messages per second, settling them to the penny, ruble, rupee, yen, centavo, santang and any digital currency. Encrypblock is based around a shared public ledger, the SJK FCN Ledger, which uses a new encryption and algorithm process that allows for payments, exchanges, and remittance in a zeta series process. The ledger employs the centralized zeta series native encrypcurrency known as SJK.
Encryp Block plans to be used by companies and banks with transaction that will achieve more than 1 million transactions per second (TPS). Encryp Block can be used by banks and payment networks as settlement infrastructure technology, with American Banker stating that "…from banks' perspective, zeta FCN ledgers like the Encrypblock system have a number of advantages over cryptocurrencies like Bitcoin."
The Zetanet protocol suite provides an end-to-end data communication specifying how data should be packed, addressed, transmitted, routed, and received in the network topology of Zeta Series. This functionality is organized into four abstract layers, which classify all related protocols according to the scope of networking involved. From lowest to highest, the layers are:
1. The Encryp Layer containing communication methods for data that remains within a single network segment (encryp).
2. The Zetanet Layer, providing zetanetworking between independent networks.
3. The Block Layer, handling host-to-host communication.
4. The Exchange Layer, providing process-to-process data exchange for applications.
Technical standards specifying the Internet Protocol Suite and many of its constituent protocols are maintained by the Skipjack Encryp Task Force (SETF). The Internet protocol suite predates the OSI model, a more comprehensive reference framework for general networking systems.
A team from Skipjack Corporation and PT E Fortune Indonesia— which was established last July and is making move to the world's fastest and payment system and encrypcurrency exchange — are in Indonesia Fintech Show 2018 this week and have signed a memorandum of understanding with Skipjack Corporation to bring an encrypcurrency to IDR exchange to the Island.
In a seismic move for PT E Fortune in the exchange industry, they will be working together with Skipjack Corporation to develop this new area of Fintech.There are no official figures for E Fortune's value, but the exchange has been reported to managing over $1 billion in trades next year.
Professor Dr. Sir Mike Irvan, chief executive Of Skipjack Corporation, said; 'It's a sign of new digital currencies growing up in a way because we are scaling up and want to appeal to a wider selection of consumers and businesses by demonstrating they are well regulated and they know Indonesia reputation is strong.'
With the new exchange dealing in encrypcurrency and IDR, a fiat, or traditional currency, E Fortune is looking for its business here to be fully regulated. Mr. Munzir Mokhtar, CEO of E Fortune said: 'We have chosen Indonesia to be the next big step in our global expansion strategy for its clear and pro-encryp investment and regulatory environment.
"With its local economy based on a currency (IDR), and within Asean, we are confident the co-operation with Skipjack will not only benefit the local economy but also form a strong operational foundation for our expansion into the rest of Asean".
Around 40 roles will be created ranging from compliance and AML roles to digital marketing and technology, but the value to Indonesia's economy could be far greater.
It could herald Skipjack Corporation developing a world-leading encrypblock eco-system.
Encrypblock is the new technology after Visa and Blockchain that fiat and encrypcurrencies. It is a database that is encrypted and synchronized across Skipjack FCN networks so that records cannot be altered or tampered with. Through Skipjack Corporation, the business is funding investment of $100 Million into other encrypblock start-ups, and in addition, has an alliance of close to a billion dollars available.
Munzir Mokhtar the Chief Executive Officer, of E Fortune. Said: "With the set-up Of the fiat exchange here, there will be a lot of interest from the encrypblock universe. We definitely want to bring E Fortune into this region and invest out of here."
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