Bitcoin and Its Blockchain Will Shape the Future of International Trade
International trade continues to grow annually. In 2014, it exceeded USD 18 trillion. However, cargo transportation remains expensive and complex because it still requires a multiplicity of paper-based documents. For example, “Each international airfreight shipment can require more than 30 different paper documents – increasing the cost of airfreight and....
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Creating international blockchain standards will not be an easy feat. Australia is poised to lead the international discussions, as they will act as secretariat of a technical committee. The country has proposed this committee to the International Organization for Standardizations, which approved the idea. But what does all of this even mean for blockchain and cryptocurrency enthusiasts? Global Blockchain Standards Are Coming. Standards Australia is the group that will lead the charge for establishing international blockchain standards. Dr. Bronwyn Evans, CEO of Standards Australia,....
An Australian group has been selected by the International Organization of Standardization (ISO) to spearhead a technical committee developing standards for blockchain tech. Standards Australia announced its leadership role on the committee yesterday, revealing it will oversee members from 35 countries on the effort. The ISO, founded in the 1940s, is composed of representatives from more than 160 national standards-setting bodies. As such, in addition to Australia, the ISO work will draw representatives from standards bodies in Canada, France, the UK and the US, among others. The....
Bitcoin has many innovative attributes just waiting to be unleashed to the public. One of them is how the blockchain could help shape the future of industrial trade by recording activity with more precision and taking quite a bit third party costs out of the equation. Recently, during the first week of January, Wanxiang Blockchain Labs and Deloitte....
Blockchain technology has proven to be transparent and could make international trade transparent and even more secure. Since time immemorial, technological innovations have shaped the structure of commerce and trade. The discovery of electricity encouraged mass production and the advent of steam engines ushered in an era of mechanized production. From information to communication, technology has been used everywhere to make life easier. For this reason, blockchain technology has been tapped by many as the next big thing, considering its use cases which cut across numerous industry....
Change is the only constant in the world of business. However, one topic that continues to dominate the headlines is blockchain. Blockchain technology has been praised for its ability to streamline operations and reduce costs while also providing transparency and security within a business environment. One often overlooked aspect of this groundbreaking technology is how it can help shape the future of our planet as well. In fact, there are many ways in which blockchain technology can be used to solve environmental issues on a global scale. How Blockchain Can Help Save The Environment The....