The Future for Blockchain Technology
Bitcoin, the cryptocurrency associated with the use of blockchain technology, has struggled to shake of the negative reputation and skepticism for years. However, blockchain itself still holds the tremendous potential to transform, not just the financial industry, but other sectors as well. Blockchain refers to the public ledger of transactions, which are updated upon verification and operate under an additional layer of security. High-powered computers are programmed to solve algorithms to verify each transaction and in doing so, these cannot be amended or deleted. Blockchain Technology....
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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 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....
We have all heard of the recent developments in blockchain technology, and how it is being increasingly adopted by various industries including banking and financial sectors. While we all prefer to see a rosy picture of Bitcoin and its underlying blockchain technology, there are a few apprehensions regarding how it will turn out to be in the near future. The Bitcoin industry is definitely growing, and it has been attracting a lot of investments lately. Investments in the sector crossed another huge milestone recently when venture capital investments in the crypto industry crossed the $1....
Blockchain technology has garnered a lot of attention in the financial world, as the decentralized public ledger could transform the way the industry keeps records or handles transactions. Several banks all over the world are trying to explore the applications of blockchain technology in their internal operations while some forward-looking companies such as Overstock have experimented with the bitcoin-related technology in securities clearing. For blockchain-based private security company Symbiont, blockchain technology could spell the future of Wall Street through 'smart securities' or....
Blockchain technology is expected to change the way financial organizations conduct business with banks implementing distributed ledger technology (DLT) projects by 2017, according to the World Economic Forum. After 12 months of research which saw the WEF engage over 200 industry leaders and subject matter experts through interviews and multi-stakeholder workshops, the organization compiled a 130-page report on the impact distributed ledger technology (DLT), also known as blockchain, will have on the financial infrastructure’s future. WEF’s ‘The Future of Financial Infrastructure’ report....