Is the World Interested in Bitcoin or the Blockchain?
Recently, there has been a lot of chatter about the heavy investments that are pouring in the Bitcoin ecosystem. Wall Street investors have started to embrace the transformative potential of the revolutionary blockchain technology that gives birth to new Bitcoins as a reward for successful verification of transactions. Bitcoin startups have also started receiving financial support from giants of various industries such as the telecom major Orange which announced its plan to fund such projects in Silicon Valley. Several other tech leaders such as IBM, Samsung and banks including UBS have....
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A MasterCard executive has said that while the firm is very, very interested in blockchain technology, it will take a cautious approach to its experimentation with the tech while it believes it is still developing. Speaking to Business Insider at the World Economic Forum in Davos, MasterCard CIO Garry Lyons outlined the steps the major global credit card network has so far taken to explore the industry. Lyons said: Like the rest of the world, we’re interested in seeing where blockchain technology goes. The comments come at a time when thought leaders in the traditional payments and finance....
Blockchain is the new address for internet related innovation these days. Given the versatile nature of Bitcoin Blockchain and its applications, it has become the foundation for a lot of new innovation. In order to encourage innovation by cutting short the development easier, BlockStrap provides Blockchain toolkit for those who are interested in working on Blockchain based applications. As a part of Neuroware.io, BlockStrap offers Blockchain technology API and open source frameworks for developers. The company has recently announced the first leg of its workshop series. The workshop series....
While Wall Street seems more interested in the idea of permissioned or private blockchains these days, the point of Bitcoin in developing countries has nothing to do with the technology underpinning the decentralized payment network. According to Snapcard Co-Founder and CEO Michael Dunworth, people in developing nations are more interested in bitcoin as a currency than those in more developed countries. While there are some niche use cases for Bitcoin in places like the United States, it seems clear that owners of credit cards with cashback programs are not going to switch to the digital....
MasterCard is looking to stay ahead of the curve by refusing to rush into integrating blockchain technology into their business model. Citing concerns regarding regulation, investment and security, MasterCard Chief Innovation Officer Garry Lyons stated why he didn’t want MasterCard to be “blindsided” by block chain in his comments at the World Economic Forum in Davos, Switzerland: “It’s not just the industry that’s excited about blockchain — it’s the world, everyone. Even at Davos, every single tech panel I have gone to mentions blockchain and some people call it ‘the second coming.’ But....
SBT Venture Capital, a $100m venture fund backed by Sberbank, the largest Russian bank, has suggested it is interested in bitcoin and blockchain innovations. The statements, issued by SBT partner Mircea Mihaescu to online news source Roem.ru, stand in contrast to continued suggestions by government officials that the use of bitcoin will be formally outlawed this spring. In the interview, Mihaescu was largely dismissive of legislation and regulation in general, stating his belief that laws often lag behind innovation, and as such, perhaps shouldn't be a key concern for global entrepreneurs.....