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Blockchain Is Possibly the Simplest But Most Anticipated Innovation in Years

Blockchain Is Possibly the Simplest But Most Anticipated Innovation in Years What Is Blockchain? While blockchain and cryptocurrencies are on everyone’s lips in the technology sector, the consensus among outsiders looking at what blockchain can do for their business is that the innovation is unfinished. Even the developers of the ledger system themselves acknowledge that there is still much to be done, describing all new stages as experiments or tests, which is a terrible shame as they would be the...

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What does blockchain mean for the future of banking?

What does blockchain mean for the future of banking? The banking industry spends a lot of time and money each year on what is known as ‘post-trade processing’, which involves the buyer and seller comparing details of their transactions, changing records and transferring ownership of cash or securities. Blockchain technology offers the chance to make all of this redundant, but there are some things the industry needs to do before this can happen. Best known for its use in controlling...

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Is “Real” Money at Risk of Extinction?

Is “Real” Money at Risk of Extinction? It can be very hard to imagine placing as much emphasis and value on something intangible, like Bitcoins, when we are so used to the concept of physical money. When we think of people who are ‘rolling in it’, we automatically picture someone who is literally rolling around in bundles of cash! That is simply how the mind has been tuned to work. Until now, that is. Why Has Money Not Yet Been...

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How blockchain can build trust in the digital economy

How blockchain can build trust in the digital economy While blockchain is, at the moment, mainly associated in people’s minds with cryptocurrencies, its open technology brings further possibilities in a number of other areas. In particular, it allows organisations and individuals to carry out secure transactions directly with one another. What makes blockchain so good at this is the fact that transactions are chained to each other and this guarantees integrity by making them hard to tamper with. This makes...

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Business with blockchain will look very different in the future

Business with blockchain will look very different in the future Cryptocurrency and blockchain may be relative newcomers to the business world, but they’re certainly turning heads across many other industries. The concept of having a single public version of data that is available to everyone simultaneously is too attractive to ignore, and despite not yet having gained significant traction outside of finance, some businesses are taking this concept seriously. It’s still too early to tell where blockchain technology could take...

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