Why a New Small Business Blockchain is Actually a Big Deal
Efforts to apply blockchain in the supply chain took an interesting turn last week. I'm speaking, of course, about a piece of news that at first seemed pretty ordinary: a group of European banks announced they would band together to develop a blockchain-based trade finance solution. This one, though, is unusual. Rather than tackle large-scale global transactions that cross oceans, the project focuses on intra-European trade, and, more importantly, between small- and medium-sized enterprises (SMEs). Why is this interesting? It's not because SMEs make up the vast majority of the world's....
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The US House of Representatives committee on small business held a hearing on 2nd April to discuss the growing use of bitcoin by the country's small business owners (SMBs), and the pros and cons that using this technology as a payment option offers the demographic. Entitled 'Bitcoin: Examining the Benefits and Risks for Small Business', a panel of experts spoke about the benefits and costs of the use of bitcoin by SMBs, while also touching on hot topics like Silk Road and the recent IRS decision on the tax treatment of digital currencies. Committee Chairman Sam Graves noted in his opening....
Blockchain tech will allow small businesses to collaborate as never before, reducing the power of big business to dictate terms.
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....
Last Wednesday, the Committee on Small Business held a hearing aimed at exploring Bitcoin, the benefits and risks for small businesses. The hearing was attended by financial, legislative, economics and leading Bitcoin professionals. "Bitcoin: Examining the Benefits and Risks for Small Businesses," was one of the first hearings to be entirely focused on how Bitcoin can affect small business. Those appearing at the hearing to give testimony were Jerry Brito, Senior Researcher at the Mercatus Center. Adam White, Director of Business Development and Sales at Coinbase. Mark Williams, Master....
On Wednesday, the firm Blockchain.com announced it inked a deal with the NFL’s Dallas Cowboys as the team’s “exclusive digital asset partner.” The deal will bring Blockchain.com a great deal of exposure in terms of television, signage, and radio and the digital currency company will also have its own club space inside AT&T Stadium in Arlington, Texas.
Blockchain.com Becomes the ‘Exclusive Digital Asset Partner’ for the Dallas Cowboys
Blockchain.com is joining a large swathe of digital asset companies targeting sports as the firm that was....