ICON utilises Hedera Hashgraph to achieve the gold standard for security in the field of distributed consensus: Asynchronous Byzantine Fault Tolerance (ABFT). Other platforms that use coordinators, leaders, or communication timeouts tend to be vulnerable to Distributed Denial of Service (DDoS) attacks against those vulnerable areas. Hashgraph is resilient to these types of attacks against the consensus algorithm, and achieves the theoretical limits of security defined by ABFT. Achieving this level of security at a scale of hundreds of thousands of transactions per second is a fundamental advance in the field of distributed systems and it is the gold standard for security in this category.
Many applications require that the consensus order of transactions match the actual order in which the transactions are received by the network. It should not be possible for a single party to prevent the flow of transactions into the network, nor influence the order of transactions in the eventual community consensus. A fair consensus algorithm ensures that if a user can submit a transaction to the network at all, then the transaction will be received by the network and the order in which it was received will be a fair ordering. Hashgraph uniquely ensures that the actual order transactions are received by the community will be reflected in the consensus order. In other words, hashgraph ensures both Fair Access and Fair Ordering.
Formal proofs of the ABFT and fairness properties for the hashgraph consensus algorithm exist and have been available for public review since June, 2016. Furthermore, the hashgraph algorithm has been validated as ABFT by a math proof checked by computer using the Coq system in October, 2018.
Creators and Custodians of Intergenerational wealth readily acknowledge that new statutes and regulations targeting their wealth ensures that Privacy and Compliance are top of mind. There are four states of Privacy including:
In 2010, as part of FATCA, US Congress enacted new disclosure requirements for specified foreign financial assets (“SFFAs”). The types of reportable assets include: direct holdings of stock in foreign entities, interests in foreign funds, depository accounts, custodial accounts, or interests in financial institutions.
In 2018, the CRS was adopted across the G20 requiring the name and identifying number of the reporting foreign financial institution (FFI) as well as the name and the account number, year end balance, address, tax identification number, date and place of birth of each reportable person.
Interestingly, Gold held in a custodial account maintained by an FFI (bank) would be considered reportable, however, Gold held in an independent vault or safety deposit box is exempt from declaration provided (i) the vault is not in an FFI (bank) or (ii) the storage arrangement is not a financial account.
ICON CAPITAL RESERVE SA is not an FFI.
Fibonacci’s Golden Mean is a mathematical formula that permeates the fractal design of our world from subatomic DNA structures the patterns of the stars in the universe. The Golden Mean is embedded in the architecture of our most iconic buildings from the Great Pyramids to Sydney’s Opera House. Since the dawn of humanity, Trusted Sacred Symbols found in places of worship have been generating carrier waves that are literally broadcasting information.
Trust can be traced to the neurobiological activity of our human brain. Our increasingly complex world slows decision making, so we use heuristic defaults like intuition and common sense to help the process. Gold has become the heuristic default for 6000 years because across geography, language, culture and economics, it is the numeraire that the entire world agrees on. Gold is Value.
The stock of Gold refers to the available c200,000MT mined throughout history and the flow refers to the c2,700MT mined annually. Mathematically, Gold has a stock and flow ratio of 1.35%. The stock of our Planet refers to the c7.45b inhabitants and the flow is a net 80m people added per year. Mathematically, Humanity has a stock and flow ratio of 1.20%. As people move up through Maslow’s Hierarchy of Needs, they create surpluses that are stored in a trusted reserve asset like Gold. Hall’s Law suggests that the stock and flow ratios of Gold and Humanity have been correlated for centuries and the ratios are immune to manipulation.
ICON attend a number of global events and host industry conferences. Please view the following page for details of previous and future events.
Listen to the presentation given by ICON CEO J. Bradley Hall to an invite-only audience in London.conference recording
Arab Innovation - Keynote J. Bradley Hall “Digital Currencies and the Future of Money” Sponsored by Mohammed Bin Rashid Al Maktoum Knowledge Foundation.read more
Prestel Family Office Conference J. Bradley Hall ~ Opening Address ‘The History of Money”s.read more
Prestel Family Office Conference J. Bradley Hall ~ Opening Address ‘The History of Money”.read more
The Family Office Forum Zurich is the annual meeting of more than 100 Family Offices from all over the world, and is taking place at the Dolder Grand; a spectacular mountain top location, overlooking the city of Zurich and the lake.
The Family Office Forum London deals exclusively with specific topics for UHNWI and Family Offices, with a focus on Family Governance, Family Office Operations, and how to do good things with your money (sustainable, ethical, responsible and impact investments).
The Family Office Forum Wiesbaden is the annual meeting of more than 180 Family Offices from all over the world, and is taking place at the Hotel Nassauer Hof. This luxury hotel is located in the Rhine-Main region, set right in the heart of Wiesbaden opposite the magnificent Wiesbaden Kurhaus.
The Family Office Forum Dubai is the annual meeting of more than 180 Family Offices from all over the world, and is taking place at the Palace Downtown Dubai; The hotel resort is located in the middle of the city of Dubai and offers fantastic views of Dubai Fountains.
Wealth Management Americas is the only place you will hear from CIOs, CEOs and experts in investment banking, asset management, private banking and family offices. Join the leading wealth advisors from across LatAm and beyond to network, build relationships and hear from some of the pioneers across wealth management, investing and technology.
As the number of HNWIs looking to diversify citizenship and residency continue to grow, so has the number of options available around the world. The Investment Immigration Summit Hong Kong is the leading immigration conference in Asia, attracting over 300 of China’s top immigration agents & consultants, private bankers and wealth managers, international immigration law firms, and government officials from around the world.
The Family Office Forum Zurich is the annual meeting of more than 180 Family Offices from all over the world, and is taking place at the Dolder Grand; a spectacular mountain top location, overlooking the city of Zurich and the lake.
Continuing the largest blockchain technology focused event series worldwide, Inside Bitcoins is heading to NYC from April 27-29, 2015. Join us at the Javits Center as the brightest minds and leading influencers in the Bitcoin 2.0 and alternative currency space come together to explore the promise of decentralized technology and the future of finance. Whether you’re a venture capitalist, lawyer, regulator, payment pioneer, or public policy expert, our agenda is designed to offer valuable insight into the latest FinTech business trends, funding models, investment strategies, next-generation payment solutions, multi-signature protocols, and blockchain-based startups.
The 2nd Annual Private Wealth Panama Forum in Panama City, Panama is part of a series of Private Wealth events in Miami, Mexico, Brazil, and the Andean region providing updated education on regulation, wealth protection, asset allocation strategy and private client management. The summit is focused on asset protection issues in one of the world’s largest banking and legal centers.
If you are interested in learning more about the possibilities of citizenship from a neutral and peaceful British Commonwealth country in the Caribbean; the St Kitts Citizenship Summit 2014 is for you! A unique ´boots on the ground´ chance to learn more about second citizenships, international asset protection and wealth planning. All this while enjoying an idyllic Caribbean experience.
Continuing the largest bitcoin event worldwide, Inside Bitcoins is traveling to Las Vegas October 5-7 at the Flamingo Hotel and Casino. Workshops will be held on October 5, with conference sessions and the exhibit hall on October 6-7. Industry experts, business visionaries, and cryptocurrency veterans will converge to analyze the first digital, decentralized, peer-to-peer based global currency.
The Digital Currency Summit is set to take place in Andorra September 17-19, 2014. The summit will focus on the role of virtual currency for investors, politicians, banks and regulators. With a professional line-up of speakers and attendees the summit will draw big players from both the virtual currency space and traditional finance. Notably, Jan Kees de Jager, former Dutch Finance Minister and David Andolfatto of the US Federal Reserve Bank will be speaking.
The inaugural London edition brings Inside Bitcoins to the emerging digital capital of Europe to explore the growth of crypto currencies, FinTech business trends, investment strategies, tools and much more.