Reading Time: 4 minutes The words cryptocurrency and blockchain are now found everywhere. Such public attention can be explained by two factors: the high cost of Bitcoin cryptocurrency and the complexity of understanding the essence of the technology. The history of the emergence of the first digital currency and the underlying P2P technology will help us to understand these “crypto jungles”. Decentralized Network There are two definitions of Blockchain: • Continuous sequential chain of blocks containing information.• Replicated distributed
How Blockchain Will Fuel Transformation in The E-Commerce Industry
Reading Time: 4 minutes Like how the e-commerce revolution hit the shopping shores, be ready for another change in the form of blockchain technology. Whatever the challenges in the e-commerce industry, the blockchain promises to address quite a lot of them and make business easier for the seller as well as the buyer. To know how blockchain will have a positive benefit to the e-commerce industry, first, you need to know about the advantages of blockchain technology and the
REMME: Will Blockchain Rid Us of Logins and Passwords?
Reading Time: 2 minutes One of the more exciting technologies is blockchain. If you’d like an overview of blockchain technology – read our article, What is Blockchain Technology. Today, I happened across this ICO, REMME. What is an ICO? ICO is an Initial Coin Offering. An ICO occurs when someone offers investors some units of a new cryptocurrency or crypto-token in exchange against cryptocurrencies like Bitcoin or Ethereum, in this case REMME According to Forbes, cyber crime costs will
What is Blockchain Technology?
Reading Time: 2 minutes Look at a dollar bill, and you’ll find a serial number. On a check, you’ll find a routing and account number. Your credit card has a credit card number. Those numbers are centrally logged at a location somewhere – either in a government database or a banking system. As you look at a dollar, you have no idea what its history is though. Perhaps it was stolen, or perhaps it’s a counterfeit copy. Worse, central
The Future of Self-Executing Contracts Using Blockchain
Reading Time: 2 minutes What if contracts could automatically self-execute if certain conditions are met? In this infographic, The Power of Smart Contracts on the Blockchain, Etherparty describes just how this isn’t the future – Smart Contracts are becoming the reality. Smart contracts could take the subjective nature of contract qualification and negotiation out of the hands of decision-makers, providing an incredible opportunities for parties to close deals that are perfect for each party – with regard to cost,