Can Bitcoin Make a Difference in the Global Aid Sector?
Cash and gifts-in-kind are the two main types of relief when it comes to assisting those who have suffered in the face of natural disasters, but bitcoin is becoming an ever more popular option. In the aftermath of the 2004 Indian Ocean tsunami, over $14bn was pledged by the international community for the relief and recovery of the 14 countries affected by the natural disaster - one of the deadliest recorded in history. Paul Currion, an independent consultant for humanitarian organisations, told CoinDesk this "huge outpour of public support" meant a lot of organisations had more funding....
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UPDATE: In this article we used a picture from blockchain.info which has been deleted! The company Blockchain and its products have nothing to do with what the author writes in this article! However it might caused confusion as we included their picture before. We are sorry for this misunderstanding! Bitcoin critics often make the clame that “crypto-based technology has nothing to contribute to the everyday world.” It seems like demonizing digital currency is a zealous fetish of theirs, while blatantly ignoring the breakthroughs already made and the potential that the blockchain technology....
The U.S. election approaches, and it’s more apparent than ever that representative governance is a joke. As millions of Americans fight between each other over two sociopaths, society in general looks quite dismal. Be optimistic, though — many movements below the surface are giving a general sense of hope within the confines of this insanity. Who’s....
Few years down the line we might see the whole banking and financial sector powered by blockchain technology. Many banks and financial institutions in the Western and Asian regions are already invested in it. They are working on integrating the decentralized distributed ledger technology into their everyday operations. While the Western institutions are trying to fit Bitcoin technology to suit the needs of a developed economy, Asian banking, and fintech institutions are working on creating/modifying the blockchain technology to suit the needs of developing and emerging economies. But there....
Roger Gabriel has four years of experience working in a financial division of IBM in Argentina and 5 years working on e-commerce businesses. He is launching a Bitcoin trading platform that is easy enough for anyone in South America to use. Ruben Alexander: How did you get started with Bitcoin? Roger Gabriel: On bitcoin itself around July of last year, I read a lot about the currency and it intrigued me. Made my first purchase of around 0.25 BTC and just held it on a wallet. On developing a platform around November of last year, I had purchased several coins and made some profit [and] I....
The blockchain technology has now entered the insurance sector, making it possible for the insurance companies to offer policies to suit the customers' needs. The use of blockchain technology in insurance sector is something relatively new. London, the fintech destination of Europe is the first one to explore the potential uses of distributed technology in the insurance industry. The Capital of England already has a couple of companies who have already implemented it into their offerings. The blockchain is known for its transparency, security, immutability and reliability. All the....