Author: Data Driven Investor

Decentralized Finance

How is Decentralized Finance making Wealth building more inclusive?

The emerging model of Decentralized Finance enabled by technology, driven by innovation with the immense need for inclusiveness for the less privileged is changing the investing landscape by bringing inclusiveness to the “less privileged”. The Fintech revolution has broken through the traditional barriers of entry into the wealth-building sphere. Traditionally, we in the Western economies, have had ample opportunities to grow & protect our wealth with access to sound knowledge, an abundance of banks, vibrant markets and availability of a wide variety of investment assets like stocks, options, bonds, mutual funds etc. But people…

Cryptocurrency

What precipitated the recent Crypto market surge?

It was almost certain that with the recent sharp uptick in the market price of Cryptos there would be a lot of eyeballs rolling as to the cause of this surge. Fair enough, but a lot of people fail to realize is that every market has a mind of its own & sometimes you don’t need any reason or rationale behind such moves. Considering the fact that Cryptos have been under relentless selling pressure for more than a year, there was bound to some meaningful correction at some point. Apart from…

Blockchain

Inspecting Crypto: Make the Most out of a Blockchain Explorer

Blockchain ledgers contain hundreds of gigabytes of unreadable information. To make it easy to understand and interpret, there are block explorers (often referred to as ‘blockchain explorers’ or ‘wallet explorers’). A block explorer is needed for understanding a network’s performance. It lists the chain’s most recent blocks, transactions in given blocks, current and historic balance, the age and height of a specific block and other useful data. Below, you will find some popular applications of blockchain explorers for examining blocks, addresses or transactions. Blockchain Explorers for Analyzing Addresses Blockchain explorers…

Blockchain

Uses for Blockchains in the Developing World

In my article An Intro to Blockchain, I discussed the basics of blockchain technology for people that had not heard of it before. This article will expand on that and provide concrete examples of potential uses of blockchain technology, with a primary focus on how impactful they could be in the developing world. You’ll recall that I define blockchains as incorruptible peer to peer public databases which can be used to permanently record transactions in a manner which makes them fully available for public view while simultaneously maintaining an extremely high level…

DAPPs

Signs of Life in the dApp Market

tl;dr: The dapp market, though still small, is growing. Gambling and betting is taking the lead hinting at future disruption. Ten years ago, there was no such thing as the Apple App Store. By the end of that year, 2009, there were “over 65,000 mobile apps built on iOS and they generated $4.2 billion in revenue.” (source: Gartner) Today, the App Store generates over $22 billion in revenue, 5x what it did ten years ago. I bring this up because of the growth of the dApp market, of decentralized Applications-those that run…

Ethereum

Ethereum’s most innovative token standards and their use cases

Source: WorldSpectrum Ethereum brings with it a variety of token standards, and it is fair to say these have contributed to opening new possibilities in blockchains integration with other technologies. It has allowed, if nothing else, other blockchain platforms to use Ethereum as a basis for their own, in the form of ERC20 tokens which are later redeemed for the platform’s mainnet tokens if and when they do complete their own chains. Although this is the best known of Ethereum’s token standards at present, there are a number of others which…

Blockchain

The Emergence of Decentralized Finance

The current global financial system has created enormous amounts of wealth for the people with resources, knowledge & access to the financial centers around the world. At the same time, events like the housing crisis of 2008–09 has not only caused massive hardships for the common man & rich alike, it has eroded the confidence of the general populace in the current system. Until the above mentioned financial crisis happened, there wasn’t an alternative to the shaky centralized financial system, but in the last decade a new decentralized financial model has emerged — one…

Blockchain

Leveraging both AI & Blockchain for Impactful Big Data Analytics

Unequivocally, Artificial Intelligence (AI) and Blockchain are the cornerstones of exponentially expanding the technology in the present era of “Digital Revolution”. The convergence of AI and blockchain with Big Data Analytics has opened the gateways for enhanced efficiency and transparency in operations. By leveraging, analysing and managing data effectively, businesses can make informed decisions, reduce costs and transform business processes. Yet many companies and organisations are skeptical about switching to these new technologies due to concerns regarding returns on investment and security. Processing using Artificial Intelligence AI simply put, is…

Blockchain

An Intro to Blockchain

By now nearly everyone has heard about bitcoin and blockchain but, to most, it is a technology about which we only have a cursory understanding. It is when you delve into the technology and its implications on everything from financial transactions to organization of land titles and other government documents that you realize the massive potential that blockchain has to do good. It has the ability to create smart contracts (self-executing contracts written into code) and, more importantly, the ability to drastically increase the level of trust integrated into many…

Blockchain

2019 — The year blockchain goes mainstream?

There have been two announcements by major global companies in the past week that could see 2019 as being the year blockchain goes mainstream. JP Morgan announces ‘JPM Coin’ Last week JP Morgan announced plans to launch its own blockchain to speed up transaction times for the many thousands of international transactions it facilitates for its corporate clients, securities transactions and treasury services. There are some important things to note about the announcement: This blockchain will be private and permissioned. JP Morgan will have centralised control over the blockchain and users must be…