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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…

0xEthereum

Response to the CFTC about Ethereum and 0x

For those unaware, the U.S. Commodity Futures Trading Commission (CFTC) recently solicited input from the public about Ethereum and its primary use cases. The 0x Core Team thought this would be a good opportunity to provide information about how Ethereum allows for the development of 0x and open finance protocols generally. We submitted a letter to the CFTC last week to that effect, which we have reprinted below. If you’re interested in helping me open source the law and create the first comprehensive source of legal knowledge about decentralized exchange, you can contribute to the 0x Legal…

Cryptocurrency

If You’re Supposed to Buy Low and Sell High, Why Aren’t More People Investing in Crypto?

I was having lunch with a friend a while back and the topic of investment came up. He had a full time job but was also an active investor in the stock market and had dreams of starting his own hotel business somewhere in South East Asia. The dream was to save money, make a bit in the stock market, and then buy some property. The topic of bitcoin inevitably came up. ‘Have you invested in crypto?’ A slight pause. ‘Ehh..No, it’s too risky.’ ‘Why don’t you just manage your…

FinTechOpen Finance

The next FinTech: Global “Open Finance” Infrastructure

“Open Finance “ — open-source financial services infrastructure built on public blockchains — may be the next major digitization narrative after Fintech. Driven by the transformation of analog liquidity (deposits in a bank account) to digital liquidity (tokens in digital wallets), the playing field can be leveled for offering financial services. As a result, new profit motives are introduced encouraging innovations not previously feasible.   Technology disrupting finance is a narrative that’s existed for a long time. The dream has always been for tech to digitize financial services, increase competition/access, reduce concentration risks, and…