Despite Challenges, Bitcoin Technology is Here to Stay
Two economists and an entrepreneur weighed in on the troubles facing bitcoin and how to address them in a CoinSummit San Francisco. Panelists included Susan Athey, senior fellow at the Stanford Institute for Economics Policy Research. Jonathan Levin, co-founder of Coinometrics; and Andreas Antonopoulos, the Chief Security Officer of Blockchain. The session was moderated by Nathaniel Popper of The New York Times. Andreas Antonopoulos, Jonathan Levin, Susan Athey and Nathaniel Popper. The session was titled, "Is Bitcoin a Flash in the Pan?" but right off the bat, the panelists agreed that....
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According to the chief executive officer (CEO) of the United Arab Emirates-based financial institution, Bank of Sharjah, blockchain and cryptocurrencies are not only difficult to regulate but are also here to stay. Despite this prediction, the CEO admits that many in the banking industry still do not fully understand this technology. A Revolutionary Technology The CEO of Bank of Sharjah, Varouj Nerguizian, has said the blockchain and cryptocurrencies are not going away but are likely to become a significant part of the banking system. Nerguizian, however, said banks can only fully benefit....
The most innovative idea to fight the greatest healthcare challenges is built around Bitcoin. BitSoko is one of the 52 projects that received Phase 1 grants as part of the Grand Challenges Explorations program. The Grand Challenges Explorations program is part of the Grand Challenges in Global Health initiative started in 2003 which is a family of grant programs directed at developing tools to help overcome various issues plaguing the healthcare domain in the developing world. The Grand Challenges Explorations is a $100 million grant program started in 2009 by Bill and Melinda Gates....
The Chamber of Digital Commerce has announced the launch of its DC Blockchain Submit, which will be hosted at Georgetown University on March 3, 2016, to explore policy challenges and application of the blockchain technology. The event will be joined by tech conglomerates, financial experts, government agencies, bitcoin startups, and cryptocurrency enthusiasts, bringing together top-funded technology firms to demonstrate unique use cases for the Bitcoin blockchain technology. Some of the many applications of the blockchain technology which will covered in the Blockchain Innovation Showcase....
Bitcoin may still be less popular in parts of Africa but it presents itself as an alternative to several challenges facing the region that has been dubbed the mobile-led continent, according to Llew Claasen, Executive DIrector of Bitcoin Foundation. Claasen believes that the current levels of Bitcoin adoption in Africa reflect where Bitcoin is on its technology adoption curve globally and the continent shouldn’t be seen as being behind. “Africa has many challenges where Bitcoin offers a viable alternative and this strong need may see Africa taking more than it's fair share of the global....
Blockchain technology presents significant opportunities to record financial transactions, identities and various legal operations. However, the technology is new and it therefore must be subjected to various studies, especially in the banking sector, which is highly regulated. A recent report from BBVA Research by Javier Sebastian, the Banco Bilbao Vizcaya Argentaria, S.A. digital regulation manager, cites seven such regulatory challenges. The report is titled, “Blockchain in Financial Services: Regulatory Landscape and Future Challenges for its Commercial Application.” Seven Challenges....