The blockchain ecosystem is rapidly expanding. New blockchains or different consensus mechanisms are announced continuously, resulting in a more mature ecosystem. For blockchain technology to achieve wide-scale adoption, a decentralised ecosystem has to be developed. To achieve a decentralised society, many more components need to be built, requiring global standards and large … [Read more...] about 5 Blockchain Trends for You to Consider this Year
Smart contract
Why Ricardian Contracts, not Smart Contracts, are Blockchain’s Killer Application
Smart contracts have been dubbed the killer application of distributed ledger technology. Within every industry, smart contracts will provide significant efficiency benefits. They will reduce transaction times between stakeholders from weeks to minutes or seconds. Especially within global supply chains, smart contracts will kickstart data-enabled collaboration. They can offer … [Read more...] about Why Ricardian Contracts, not Smart Contracts, are Blockchain’s Killer Application
What Are Smart Contracts?
Before the invention of blockchain, whenever someone made a transaction, it required trust. Restaurants had to trust that diners would pay with non-counterfeit money, banks had to trust that a loan recipient would pay his mortgage, businesses had to trust that their contracts were legally binding and that both parties would deliver what they agreed to. The same is true for … [Read more...] about What Are Smart Contracts?
How Blockchain Will Revolutionise the Retail Industry
Now the retail sector is seeing a rapid transformation. Such technologies as IoT and Big Data have already started penetrating the industry. Coupled with mobile apps and machine learning, they enable retailers to take a deep look at customer needs and preferences. By using technological innovations, retailers can get various advantages and opportunities, for example, the … [Read more...] about How Blockchain Will Revolutionise the Retail Industry
Will Blockchain and Smart Tech Disrupt the Energy Market?
Energy is power. That doesn't sound like a very controversial statement, but if Solar Bankers gains momentum through its revolutionary use of blockchain, solar energy could disrupt the current infrastructure. Should power companies be concerned? That depends on just how disruptive Solar Bankers' model becomes. And it could become very, very disruptive. As it stands, utilities … [Read more...] about Will Blockchain and Smart Tech Disrupt the Energy Market?
