We cannot solve our problems with the same thinking we used when we created them. –Albert Einstein Every day, blockchain technology is grabbing the headlines through new and exciting ventures, promising to make investors’ needs more simple, efficient, and profitable. The problem with many of these ventures is the failure to deliver on many of these promises. Most importantly, the failure lies in the very structure of these blockchain platforms—most of them are not multi-asset blockchain-based. A multi-asset blockchain-based system is a network that connects banks, cryptocurrency exchanges, and other regulated financial institutions so that users can have a one-stop shopPowered by WPeMatico
Producing and distributing video is anything but cheap. As blockchain technology is hailed as the go-to solution for a host of today’s technological problems, decentralization mania couldn’t have come at a better time for video. Why? Because the enormous amount of energy required to store, compute, encode, network and stream video is massive. Halsey Minor, the CEO of the VideoCoin Network, has harnessed this market by finding a way to reduce these distribution costs, all the while boosting innovation. That will benefit content producers, investors, and ultimately consumers. Minor, who is the founder of CNET and the driving force behind Salesforce.com, brings his
I had the opportunity to speak with David Drake, Chairman of LDJ Capital, and advisor to over $1.5 trillion in assets under management, on why maintaining a board of advisors while breaking into the cryptocurrency space is vital. Drake, a financial pioneer, has done what many have been unable to do — harmonize investment with cryptocurrency. Having represented the U.S. Department of Commerce at the EU’s Transatlantic Forum and the UK Parliament, Drake’s intricate understanding of the cryptocurrency markets will help to drive the industry in a positive direction. Drake has been the advisor to at least fifteen ICOs which raised
The benefits of blockchain technology in supply chain management are immense, as discussed in part two of this series. This is why the number of companies exploring blockchain solutions has risen steadily for the last couple of years. With this rise, a need for startups that develop customized blockchain supply chain solutions has also arose, and the challenge has been accepted by developers worldwide. With some startups focusing solely on specific aspects of the supply chain such as data availability and automation of processes, others have offered an all-encompassing suite of products that cater to the industry in general. Skuchain This
Even though most people tend to overlook the NEM ecosystem, this particular cryptocurrency project is coming together nicely. With the release of Catapult, things will only get better from here on out. This full-featured blockchain engine offers a lot of benefits to developers and corporations. Catapult in a Nutshell The concept of Catapult is rather straightforward. It is a blockchain engine which supports both public and private chains through unique smart contract plugins. This opens up a lot of new opportunities for interested parties to explore in the months and years to come. More competition in the world of blockchains and
Bring up the topic of blockchains and it won’t be long before the word “immutable” is dropped into the conversation. After all, a blockchain’s inability to be tampered with or modified is one of its biggest selling points. But, is it actually as immutable as they say it is? Once a transaction is recorded on a blockchain, does that mean it’s carved in stone? “Yes”, “no”, and “sort of” seem to be the resounding responses. So why can’t people agree on blockchain technology’s most marketed feature? “Firstly,” says TEDx speaker and founder of Mycryptopedia Bisade Asolo, “it would be useful if we
It has become fairly obvious that despite the advancements being made in virtually every technological domain today, the identity systems we rely upon presently are archaic and do not make full use of the disruptive power that has been presented to us by blockchain technology. SelfKey is an all-new blockchain-based identity management platform that makes use of a concept known as Self-Sovereign Identity (SSID). Through the use of an SSID protocol, users are no longer bound to traditional legacy systems which still make use of paper documents. Not only is SelfKey a completely digitized system, but it also makes use
Most readers will be familiar with cryptocurrency hard forks. It seems that we will soon also be dealing with something known as a hard spoon, which operates in a very different manner. It is a concept that may become more common as time progresses, even though it remains to be seen how much value this approach brings to the table. The Hard Spoon Concept in a Nutshell Unlike what one would expect from a hard fork, the hard spoon concept takes a very different approach. The first hard spoon will be deployed in May or early June of this year, and seems to involve the
Every dollar counts when it comes to retirement savings. So, why not provide a mechanism to younger investors that ensures transparency, control, and smart investment decisions in the long run? That mechanism is a platform which understands how to aggregate all of your investment portfolios in one location, on the blockchain. As of July 2017, the National Retirement Risk Index determined that more than half of working-age households were at risk of being unable to maintain their current standard of living in retirement. What’s troublesome is the lack of control over portfolios and the lack of transparency available to investors. For millennials, the time
With over 57 million players in 2017, fantasy sports has rapidly grown and become a vital part of the electronic gaming market. Fantasy drafts across all sports continue to grow in popularity, especially with sites like FanDuel and DraftKings drawing in huge pots of cash. Whereas we once settled for filling out brackets for March Madness and placing cash bets on games, the new landscape of fantasy sports has players drafting and trading the virtual counterparts of their favorite players and building teams across every major sport to compete with other players for cash prizes. But with all its success, it is