Posts Tagged ‘crypto economy’
Stablecoins: designing a price-stable cryptocurrency | Hackernoon
A useful currency should be a medium of exchange, a unit of account, and a store of value. Cryptocurrencies excel at the first, but as a store of value or unit of account, they’re pretty bad. You cannot be an effective store of value if your price fluctuates by 20% on a normal day.
This is where stablecoins come in. Stablecoins are price-stable cryptocurrencies, meaning the market price of a stablecoin is pegged to another stable asset, like the US dollar.
Source: Stablecoins: designing a price-stable cryptocurrency, Haseeb Qureshi, February 19, 2018
Read MoreTop 10 New Blockchain Companies To Watch For In 2018 | Forbes
thousands of innovative companies around the world are trying to solve market inefficiencies by leveraging the benefits that blockchain technology provides. These companies can be found in every industry, from content creation and transportation to financial services.The blockchain ecosystem flourishes due to tokenized economies, developers, service providers and entrepreneurs who are breaking the mold. Here are 10 companies on my radar using blockchain technology as a core piece of their business to make a difference.
Source: Top 10 New Blockchain Companies To Watch For In 2018, Andrew Rossow, July 10, 2018
Read MoreFord to Use Cryptocurrency for Inter-Vehicle Communication System | Bitcoin
The CMMP tokens are used to validate and authorize a transaction in which, at consumer vehicle request, the merchant vehicles either occupy slower lanes of traffic themselves, or allow the consumer vehicle to merge into their own lane and pass as necessary. The participating merchant vehicles gain CMMP tokens from the consumer vehicle.
Source: Ford to Use Cryptocurrency for Inter-Vehicle Communication System | Bitcoin, Samuel Haig, March 28, 2018
Read MoreSingapore Airlines to Launch Blockchain-Based Loyalty Wallet – CoinDesk
In an announcement on Feb. 5, Singapore Airlines (SIA) said it will launch a digital wallet for its frequent-flyer KrisFlyer program in six months that will be powered by a private blockchain.
According to the airline, the blockchain-based wallet will enable members of the program to spend their air miles at retail partners for point-of-sale transactions.
Source: Singapore Airlines to Launch Blockchain-Based Loyalty Wallet – CoinDesk, Wolfie Zhao, Feb 5, 2018
Thanks, Frédéric Dionne!
Read MoreDon Tapscott: “We Need Microsurgery on This New Economy” | News | Cointelegraph
But you know, if you’re doing an ICO and the token represents a share in the company that’s called a security, it should fall under securities legislation. But we need microsurgery on this new economy. We don’t need to bring a chainsaw to it. This would be one of the three most important rate determining factors in terms of what countries emerge not just with the Blockchain industry, but with the whole new innovation economy. Do governments do the right thing and implement sensible legislation or did they mess it up?
The supply chain industry globally is a $64 trillion industry and supply chains are going to move to Blockchain. You can see that with Foxconn doing this now, we’ve done a case on that. On the Walmart food sale they use Blockchain for food safety. The biggest supply chain in the world ever is the ‘One Belt One Road’ project linking Hong Kong and Rotterdam. All the trade and finance and a lot of the supply apps on that are being done via Blockchain.
Blockchain is perfect for situations where you have a buyer and a seller and escrow agent, and governments, and various shippers, and tax authorities and so on. Instead of passing pieces of paper and faxing, and emails and so on, they have a single shared network state where they can all instantly see what’s going on. It turns that supply chain into something we call an asset chain. And ultimately, this thing becomes cognitive. It really becomes a new cognitive computer. That’s where the supply chain will be.
Source: Don Tapscott: “We Need Microsurgery on This New Economy” | News | Cointelegraph | News | Cointelegraph, January 29, 2018
Thanks, Ahmed!
Read MoreWhy blockchain is dominating discussions in Davos – The Globe and Mail
Sure enough, “blockchain” appears more in the Davos program than the words “Europe” or “the United States.” In one session, a commenter who had analyzed conversations at Davos said the word “blockchain” was the second-most uttered theme, after the word “Trump.”
Source: Why blockchain is dominating discussions in Davos – The Globe and Mail,
Don Tapscott, January 26, 2018
Forging ahead with Blockchain in 2018: My Focus in 2018 for Blockchain Technology and Transforming Industries, Government and Our Lives | LinkedIn
The blockchain ecosystem, driven by new business models, promises of disintermediation, and interesting technological innovation, has behaved much like an adolescent by throwing tantrums, challenging the status quo, and defying all odds to make a point.
The permissioned network, which is the realm for regulated, conventional, and enterprise business networks, may also have to embark on a journey of uncovering the right incentive and economic model for enterprises and organizations to join a platform that leverages the notion of creation, distribution, and sharing of rewards benefitting all stakeholders. While not all conventional business and industries can blindly adopt the economic incentives of tokenomics (either due to product catalogues, legacy systems, or regulation, or simply the will of the participants), it is imperative that industries start the journey to explore the right business model that will not only enable value creation but also elevate the modernization efforts that many industries desperately need to combat disruptive forces.
Source: Forging ahead with Blockchain in 2018: My Focus in 2018 for Blockchain Technology and Transforming Industries, Government and Our Lives | LinkedIn, Nitin Gaur, December 31, 2017
Here’s my $0.02 USD or, as of this post’s date, 0.000001 Crypto Comment on the post:
Read MoreI find the Divide a funny thing. Do you think Enterprise players would be so quick to adopt these technologies if it were not for the whacky ICOs and crypto market capitalizations? Congrats to both sides of the Divide; the decentralist trailblazers and players like IBM and other Linux Foundation members for recognizing they are on to something but need to focus on matters like those posted by Nitin for enterprises to start listening.
Happy Trails to both sides of the divide in 2018!
Blockchain Brain Drain Is About More Than Money – CoinDesk
Blockchainers around the world talk about the benefits of disruption and the transformative nature of peer-to-peer, decentralized, distributed networks. The technology may automate and reduce reliance on manual work. However, basic needs for human relationships and bonds do not change much.
Source: Blockchain Brain Drain Is About More Than Money – CoinDesk, Sandra Ro, December 15, 2017
Read MoreICO Structures: Overlooking Governance and Corporate-like Consensus Mechanisms Can have Harsh…
For the great majority of the next generation of more complex blockchain and token based projects (BTP), a form of human-based and fiduciary consensus must be envisioned and segmented at the entity level as well, i.e., at the level of the entity that oversees the development and adoption of the technology, its ecosystem, and the interactions amongst its participants.
Source: ICO Structures: Overlooking Governance and Corporate-like Consensus Mechanisms Can have Harsh…, Fred Dionne, November 18, 2017
Thanks, Fred!
Read MoreJapan Teaches Western Governments a Lesson in Cryptocurrency Regulation | Bitcoin News
Japan is a tech-savvy nation whose elected officials have a better appreciation of the transformative power of emerging technologies than most. It follows that the more digitally-inclined countries should be among the first to embrace cryptocurrency. In Europe, Estonia, with its e-Residency digital passports, is another country that’s been positive towards cryptocurrency.
Source: Japan Teaches Western Governments a Lesson in Cryptocurrency Regulation – Bitcoin News, Kai Sedgwick, November 13, 2017
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