Only Proven Use Case For Blockchain Is Bitcoin’s Blockchain, Says Bankymoon CEO
Several use cases of the Blockchain technology have been promised or are being explored by the Fintech and, as well as, other sectors such as health, entertainment and public sector, but none has come up with something concrete despite all the hype. Bitcoin’s Blockchain has been recognized for transforming the $13 trln financial services industry – by empowering millions across the globe to authenticate and transact immediately and without costly intermediaries. Attempts to tame it. Several companies have invested in proofs of concept and projects which aim to exploit the technology. In....
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Most people on this planet will know how the blockchain can be used for various purposes, and the financial ecosystem is just the tip of the iceberg. Just a few weeks ago, the Cambridge MIT Enterprise Forum enlisted a focus group to come up with a real life use case to distribute electricity over the blockchain. One of the more promising presentations....
South African Bitcoin startup Bankymoon has built the world's first blockchain smart metering solution for modern power and utility grids, VentureBurn reports. The startup outlined its plans in a presentation titled "Smart Grids and the Blockchain - Bitcoin's first killer App" at the recent Bitcoin Conference Africa in Cape Town, South Africa. Lorien Gamaroff, founder and CEO of Bankymoon, is expected to give another presentation on May 14 at the Bitcoin Conference in Prague. Modern "smart grids" permit efficient management of supply and demand, with Internet-connected "smart meters" that....
Bankymoon, a South African-based Bitcoin solutions company, is changing how people pay for utilities, making them more affordable. Bitcoinist spoke with Lorien Gamaroff, founder and CEO of Bankymoon, to find out more about the utility crisis in Africa and what Bankymoon is doing to solve it. Lorien, a South Africa native, shared with us about the crisis and how it is impacting Africans and the education system. Today, Africa is in a state of crisis due to its current unsustainable utility metering system. This metering system is what’s referred to as “post-paid,” meaning consumers pay....
The full potential of Bitcoin’s intrinsic technology – blockchain – had until recently gone largely unrecognized by the entire financial technology industry as well as the established banking giants of North America, the Far East, and Britain for many years. That was until some of the more avant-garde -among the usually wood-paneled, traditional institutions looking to back the ‘next big thing’ – began coming up with gigantic sums of venture capital. This move focused the attention of everyone one Bitcoin’s role in the mainstream. The giant investments in Bitcoin startups – with no....
The Toronto Stock Exchange is looking into the capabilities of blockchain technology. The parent company of Toronto Stock Exchange has appointed Anthony Di Iorio as the Chief Digital Officer. The use of bitcoin’s underlying technology is growing among fintech players. The capability of creating self-executing smart contracts using blockchain technology has proven to be a deal-maker in the case of stock exchanges and trading houses. While the banking sector explores its potential to facilitate fast and inexpensive fund transfers between branches across geographical boundaries, stock....