Crypto, like railways, Part 2: Blockchain as the new internet planner
Just like railways transformed everyday lives in towns in the early days, blockchain technology continues to shape the format of the internet and its users. In my latest article “Crypto, like railways, is among the world’s top innovations of the millennium,” I compare the blockchain revolution to the railway boom. If we apply this analogy further, what’s going to happen next?Stuart Hylton in his book What the Railways Did for Us: The Making of Modern Britain cites this quote: “The direct effects of railway building are, after all, considerable enough in themselves to require no....
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India is one of those countries where Bitcoin and blockchain technology could thrive. With a large part of the population being rather tech-savvy, it only makes sense these people would be open-minded towards any new form of technology coming their way. But there is one critical issue: internet connectivity in the country is not up to par. Google want to change that by bringing hundreds of free Wi-Fi spots to railway stations in India. Despite its very large population, there are still hundreds of million of people in India without proper internet access. This is a critical issue that....
Swiss railways has announced its plans to start selling Bitcoin in association with SweePay on its ticket machines. Switzerland has always been a step ahead of the world when it comes to financial matters. During the undisputed reign of fiat currency, Swiss banks made a name for themselves by valuing the privacy of its customers. While the banking industry has changed since then, the country is now increasingly focusing on Bitcoin and cryptocurrency technology. As the country continues to attract cryptocurrency businesses, it has started to take steps towards increasing digital currency....
Finding a million reasons why blockchain won’t succeed turned out to be one of the biggest innovations in the last 500 years. You are about to read a half-fiction witty story based on Stuart Hylton’s review of “the making of Modern Britain” and my interpretation of the blockchain’s impact on today’s world. I found it fascinating how the description of the industrial age front-runner technology resembled the awe and fear of blockchain in modern times. Some quotes are so relevant that changing the “railroad company” to “blockchain protocol” would give the same shilling.After several....
With continued dialogue between the blockchain industry and the U.S. Congress, there is still hope that regulatory legislation will arrive at a mutually beneficial resolution. In recent weeks, the blockchain industry made headlines as it engaged in intense discussions with lawmakers after a $28 billion crypto tax reporting proposal unexpectedly became part of the Bipartisan Infrastructure Deal (BID). Ultimately, the BID language was unchanged, leaving uncertainty for the companies that build on blockchain, especially those dedicated to its value beyond cryptocurrency trading. Though....
Not so long ago people did not understand what the Internet was. Those who did not have an Internet strategy in the late 1990s were probably on the wrong side of the revolution curve. We have recently entered a new phase of technology development and the question everyone should be asking themselves is: what is the Blockchain strategy? 2016 was the year when the potential of Blockchain to revolutionize many industries began to be fully understood. The technology, that is said to change the world just like the Internet did, is being widely discussed. Only the laziest haven’t at least....