Showing posts from November, 2019

What The Emergence Of Blockchain 5.0 Means For Business Managers And Entrepreneurs

By: Dr. Evan Singh Luthra

Over the last few years, blockchain technology has progressed and penetrated the arena of technology, evolving at a pace faster than most other parallel domains. While the world is occupied with bigger players like Facebook getting involved in cryptocurrency, companies are making some revolutionary advancements for efficient use cases of the blockchain phenomenon. A lot of advancements are happening under the radar at a very quick pace. In fact, the pace of progress is so fast that within about a decade of the Satoshi white paper coming to light, the world is witnessing the emergence of blockchain 5.0. So what is the meaning of blockchain 5.0? It's important that we understand the impact of the progress because I believe there is a strong possibility that blockchain will become the platform for a major industrial upheaval in the next few years. The application of blockchain goes beyond just currency and finance. I have noticed five generations of blockch…

How Blockchain Is Changing Banking and Financial Services.


It won't just "disrupt," it will transform
Blockchain technology makes transactions fast and easy, and it can do more than just support Bitcoin. Blockchain is already transforming payments, and you may see more mainstream banking services that rely on blockchain soon.
What Is Blockchain? Blockchain is a technology that facilitates trust between trading partners. If you’re familiar with Bitcoin, blockchain is the underlying technology that makes it possible to transfer currency and have confidence that transactions are successfully completed. But banking and other industries are using blockchain (with or without Bitcoin) in a variety of ways. A blockchain is a secure “ledger” or a list of transactions. The benefits of blockchain come from two key features: Distributed: There are numerous copies of the ledger. A public blockchain, like the Bitcoin blockchain, gets published and copied in multiple places. New transactions get broadcast to a broad network…

DBS Bank Partners With Singapore Government to Launch Blockchain Trade Platform

By: David Pan

Asian banking giant DBS and multinational commodity trading firm Trafigura Group are tapping blockchain to facilitate global trade. Alongside the Singapore government and the International Chamber of Commerce, these firms are looking to reduce the number of paper-based processes involved in global trade. Distributed ledger technology firm Perlin is providing the blockchain background to build the open-source platform, dubbed ICC TradeFlow. DBS claims the new platform will connect partners from different countries, reducing end-to-end document transit time from 45 days to just 20. A $20 million trade in iron ore from Africa to China is expected to be the first transaction processed, according to a press release. The ICC TradeFlow Platform is based on the Trade Trust network infrastructure provided by the Infocomm Media Development Authority (IMDA), which is a statutory board under the Singapore Ministry of Communications and Information. The partners plan to add more enh…

Could Blockchain Technology Prevent the Next Financial Crisis?

By: Stephen King

A central bank’s role is to manage a nation’s currency, money supply and interest rates. The United States did not have a central bank until 1913, when Woodrow Wilson signed the Federal Reserve Act into law. Since then, the Federal Reserve has been accountable for the elasticity of the U.S. economy through the expansion and contraction of liquidity in the form of credit and new fiat money supply. Retail and institutional banks abide by the Fed’s stringent economic rules, which in turn trickle down to affect the daily lives of entrepreneurs, corporations, investors, markets and the consumer.  Today, the U.S. and most first-world economies are in the precarious position of tightening liquidity as a direct result of overstimulation. It has become commonplace to read about instability in the overnight “repo markets” and leading to the new form of quantitative easing. These are signs that the current financial system is starting to break down again, but unlike 2007, there…

Crypto and Blockchain Jobs Have Increased By 26% Since 2018: Research

By: William Foxley

Those seeking employment in the blockchain and cryptocurrency industry have reason to be positive, says employment search company Indeed. The number of bitcoin, blockchain and crypto-related employment ads in shares per million on the popular job listing site rose by 26 percent from 2018–2019, following a four-year trend of 1,457 percent growth in the sector, according to a “Seen by Indeed” study released Thursday. On the other hand, sector-specific job searches dropped 53 percent over the same period, following a longer downward trend, the firm found. Enthusiasm among job hunters peaked during the height of the crypto bull market in late 2017, which saw bitcoin’s price reach an all-time high of around $20,000, but has gradually tailed off ever since. Job searches and listings share per million via Seen by Indeed Zooming into the detail, this year’s top five sector jobs being posted by employers all revolve around computer work, with software engineering, software a…