Bitcoin in Business: Managerial Decison Making
In order for Bitcoin to be accepted in any business regardless of the size, managers will need to research whether or not it would be a profitable venture. For small businesses, the risk of trying something new is relatively small. Small businesses can test a new product or service to evaluate the demand with little to no cost and the potential to increase business revenue and profits. For a larger business, trying out new products or services in a test market is more expensive due to increased costs and difficulty in logistics. When a large business with multiple locations wants to try....
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Blockchain governance system Bitnation came under the spotlight this week when its crowdsale was unexpectedly postponed. Its vending partner, concerned about a negative reaction from Australian policy makers, withdrew the day of the launch. Additional internal conflicts cast further doubt over the future of the project as a whole, and CoinTelegraph reached out to managerial staff for further information. However, notably absent from the earlier interview was Bitnation co-founder and CEO Susanne Tarkowski Tempelhof. Now, she speaks to CoinTelegraph about the crowdsale, which despite many....
Tangle, a cryptocurrency developed for the Internet of Things, will allow companies to explore business-to-business models by making technological resources potential services to be traded in an open market. The Tangle ledger can settle transactions with no fees, allowing devices to trade exact amounts of resources on-demand. The devices can also store data from sensors securely and verified on the ledger. Existing Systems’ Drawbacks. The Tangle project began in mid-2015 aimed primarily at Internet-of-Things for machine-to-machine payments and data integrity. The founders realized that....
Most teenage boys are far too busy at school and interested in playing sports and computer games to set up a business on the side. But nestled between two mountain ranges in northern Utah, USA, there are three brothers who are possibly the youngest bitcoin entrepreneurs out there. At 14, 13 and 10 years old, Nate, Sam and Ben Huntzinger have their own successful honey business at home in the Cache Valley. It all began when they caught a swarm of bees as a bit of a fun experiment. Little did they know it would lead to a small business and an obsession with bitcoin. The boys have had their....
Crypto has been making the rounds in the United States of late. While some states have been against the legalization of cryptocurrencies and blockchain technology, other states have embraced them with open arms. One of these states is Texas, which had approved two bills that would see cryptocurrency and blockchain technology incorporated into its business […]