Blockchain technology has over the years been described as having the potential to disrupt and transform several aspects of the business process. One of the key areas of implementation that the technology has found is in supply chain management. The ability to track the movement of an asset or product across the vast supply chain network and record same in an unalterable digital ledger has led to the development of a number of blockchain-based supply chain management solutions. These solutions have been tested and utilized in several business segments such as FMCG, pharmaceuticals, and now, gold. Two companies have come together to create a blockchain-based gold supply framework that not only provides proof of provenance for gold but also ensure ethical best practices in the trade.
The Dash coin was created by Evan Duffield on January 18, 2014. Originally released as XCoin (XCO) and rebranded to Darkcoin in February 2014 – the promising Dash cryptocurrency finally settled on its current name on March 25, 2015.
A derivative of Bitcoin, Dash coin is essentially digital cash that works exactly like physical cash, except it’s exchanged on a highly secure, decentralized peer-to-peer network. It was designed to have a total supply of 18 million coins, 2 million of which were mined during its first day, and around 8 million of which are in circulation at the time of writing.
Because Dash’s code is based on that of Bitcoin, Dash is compatible with all existing wallets and cryptocurrency exchanges originally developed for Bitcoin. When measuring node count by market cap, Dash’s infrastructure robustness is more than an order of magnitude higher than the competitors’ like Bitcoin and Ethereum.
Google, the Internet Search Engine giant is reportedly working on a number of blockchain-based protocol solutions for its cloud service. This is again another clear example of the levels to which blockchain technology has penetrated the business scene. From governments of different countries to multinational corporations like IBM, the technology appears to be sweeping through several industries causing disruptions and considerable paradigm shifts in their business ideologies.
In recent times, ICOs have been bombarded with scrutiny from regulators around the world. In the face of this scrutiny, venture capitalist has picked interest in cryptocurrency. ICOs have been funding blockchain based companies, with startups raising $434 million since December 2017, the most ever in a three-month period, despite the fact that ICOs are supposed to unsettle venture capital.
If you only want to buy and sell Bitcoin and Ethereum, and you’re willing to use only U.S. dollars, you might want to have a look at the Gemini exchange. Despite its limitations, Gemini is rapidly becoming known as a good exchange for serious traders, thanks to a clean, robust, and easy to use interface, combined with enterprise level security.
Elizabeth Stark is the co-founder and CEO of Lightning Labs, a company that “scales blockchains” based in San Francisco.
She is also a fellow at Coin Center, a non-profit research center for advocating and developing sound government policy regarding Bitcoin, Ethereum, and other decentralized technologies; an advisor at Comma.ai, a company that develops a self-driving kit for cars.
Blockchain technology despite still being in its infancy is already showing a great deal of promise as far as disrupting diverse areas of the business process is concerned. One particular area that seems to be catching on of recent is in the world of fine art. According to an article on Bloomberg, Verisart, a blockchain startup based in the United States is trying to use the technology behind Bitcoin and Ethereum to provide a trusted means of validating the authenticity of artworks.
A number of states in the U.S. are beginning to pass blockchain-friendly laws. This comes as cryptocurrencies remain a divisive topic within the political landscape of the United States. However, blockchain technology seems to be enjoying almost universal appeal at least among state legislators in different states across the country. The state of Tennessee, in the southeast of the United States, has joined rapidly expanding league of states in the country that have passed blockchain-friendly laws.
On Friday, 23 March 2018, the Prime Minister of Malta posted a tweet welcoming Binance to the country. Binance, the largest cryptocurrency exchange platform in terms of market capitalization according to Coinmarketcap is seeking to set up establish a new office in the tiny Mediterranean nation of Malta. This comes after intense speculations arose with regards to the operations of the platform in Japan due to a reported regulatory spat with the Financial Services Agency (FSA) of Japan.
Despite the turbulent start to 2018 that many cryptocurrencies have experienced, the market still continues to attract investments from numerous sources. One particular area of interest is in cryptocurrency exchange; platforms that enable traders and investors to buy and sell cryptocurrencies. According to the news coming out of Japan, it appears the Japanese division of the Internet Search Engine firm is preparing to make a foray into the business of cryptocurrency exchange.