The Possible Future of Bitcoin and the Blockchain
Since it first came to prominence over 6 years ago, many questions have risen regarding the validity and safety behind bitcoin. Many are also wondering if it truly has a place in contemporary society. Will bitcoin be a long-lasting trend, or will it die out? Can it survive the ups-and-downs, or will its popularity fade away? There is evidence circulating to suggest that the coin may be at risk of ceasing to exist, but that the technology behind it may become as revolutionary as the Internet itself. Through a recent survey, the World Economic Forum has labeled the blockchain as one of the....
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The two previous articles (part one and part two) in this series covered the basic mechanics of the blockchain and the largest problem the blockchain currently faces. Now, I will move on to the future of the blockchain. In the last part, I talked about a method of storing and time stamping any document on the blockchain through a fairly simple method. This method allows users to back legal claims using blockchain technology, all for about four cents worth of a transaction fee. While the blockchain can be used to store documents, that is not all that it can do. In this part, I will be....
For Loyyal, participating in the Dubai Future Accelerators program is invaluable. The blockchain startup will work with Dubai Holding, who focus their attention on hospitality and real estate The name Loyyal may not ring a bell for most blockchain enthusiasts right now. Even though the company is focusing on global loyalty reward schemes, they have been flying under the radar. That was until earlier this week when the company announced they would participate in the Dubai Future Accelerators program. A big step for this blockchain startup, that much is certain. What is so interesting about....
The quote “the centre of the revolution” was very appropriate for Money2020 Europe, and the insight I gathered into the future of finance was obviously centred on the Blockchain. There wasn’t a single company there I spoke to who hadn’t heard of or were monitoring the distributed ledger in one way or another, and they all seemed to have plans to implement it in the future although the timeframes varied from business to business. Interestingly, many of the banking platform companies didn’t seem to understand how the Blockchain actually worked and were of the opinion that bitcoin was....
The Blockchain Technology Conference in Burj Al Arab, Dubai, is an event everybody with a passion for this technology needs to attend. With over 20 elite speakers discussing the future of the blockchain, Dubai will become the center stage where the future of technology will be shaped. Blockchain Technology Conference in Dubai. Most people know Bitcoin as....
The Dubai Museum of the Future Foundation has established the Global Blockchain Council to explore transactions through the blockchain platform. The Council will examine the blockchain’s impact on future business and finance, and its role in facilitating transactions within both the financial and non-financial sectors as ways to improve efficiency and reliability levels, according to a release from the Dubai government. Blockchain transactions require all parties’ approval, which reduces the chances of money laundering and fraud. Digital currency cannot be damaged or forged, and it can....