Blockchain is still a nascent technology, but it is perhaps the biggest disruption mechanism that the world of finance has had to deal with. Decentralized finance has gained popularity over the previous year, and not many people fully understand its promise and its pitfalls. Currently, traditional big banks and FinTech startups divide the world of […]
In the blockchain community, cryptocurrency is the big kid on the block. But, thanks to a process called tokenization, the technology has a decidedly more fun application: digital collectibles. To understand tokenization, think about how casinos operate. Instead of wads of cash, table games use poker chips. The poker chips have no cash value and must […]
Initial coin offerings (ICOs) once defined the cryptocurrency industry. New ICOs for legitimate, impressive sounding coins were being released alongside scams, and scams were being released alongside tongue-in-cheek jokes, like Useless Ethereum. Despite despite its silly premise, it managed to generate over $300,000 in funding. In case you aren’t familiar, a traditional ICO is comparable to crowdfunding […]
The fintech revolution has gotten plenty of buzz from entrepreneurs and CEOs to average the person on the street. The reason? It’s rapidly growing area that is embracing breakthrough technologies to disrupt the way we carry out transactions. Fintech processes are bringing a lot of positive changes to many industries and applications. Fintech is also […]
The blockchain has already helped to revolutionize the world of currency. By using a shared, publicly distributed ledger, an entire network of users can keep track of their own material ownership and transactions. But soon, the blockchain will be able to track ownership for all kinds of things, including material goods like cars and intangible […]
Bitcoin and other cryptocurrencies have long been the face of the blockchain, a technology that use a decentralized, distributed public ledger to record transactions. Currencies have been the first major application of the technology, since ownership and exchanges are central to their functionality, but now, blockchain developers are looking to use the technology for security […]
For most companies, supply chains consist of numerous partners that manufacture products in siloed environments. When you fail to provide these parties with the necessary visibility, however, it becomes more difficult to adjust to customer demands and maintain integrity. Because of the number of supply chain variables at play, many companies struggle to streamline this […]
As the cost of retail fraud grows year-over-year, merchants are constantly looking for ways to tackle security challenges and reduce their liability burden. Blockchain technology, with the ability to create secure digital wallets, offers intriguing potential solutions. Know-your-customer regulations were designed as a due diligence to prevent financial institutions and individuals alike from fraudulent transactions. Though the […]
The blockchain is supposed to be a revolutionary technology, changing the way we think about everything from financial transactions to cybersecurity. Yet only something like 3 percent of Fortune 500 companies are currently using the blockchain as a core part of their business. We might be seeing slow and steady progress, with consumers warming up […]
The ways blockchain is transforming business and technology is alarming. It seems like only a year ago only the most committed early adopters of cryptocurrencies and blockchain had heard of the tech. There were less who had accepted it. However, the technology is maturing. It’s gone from simple store of value to quickly building value. In […]