Public interest in blockchain seems to swing along with the price of Bitcoin. However, businesses are proving to be less fickle. A 2018 PwC survey showed that 84% of executives said their company was actively involved with implementing blockchain for business technology. The International Data Corporation predicts global spending on blockchain solutions will hit nearly $2.9bn in 2019, up around 89% from 2018 levels. This will more than quadruple over the next five years.
Are you confused about crypto? Does blockchain boggle your brain? Then panic not. Here at CoinCentral, we live and breathe this stuff every single day of the week. So for the benefit of the uninitiated, we’ve put together a summary of how it all works that’s so simple, even your granny will get it. This is our guide to Bitcoin for dummies.
Bitcoin is a peer-to-peer digital currency, where transactions are recorded on a distributed ledger. Don’t get scared by all the term because we’ll break it down a step at a time.
“Fiat” is the name of the currencies…
While Bitcoin was the first major use case of blockchain, the technology has been nothing short of a FinTech revolution. Peer-to-peer payments evolved into new solutions for trade finance and financial audits, alongside new derivatives like cryptocurrency futures. It’s true that the much-anticipated Bitcoin ETF still seems to be far off gaining the regulatory approval it needs. However, blockchain mutual funds could provide a middle ground for investors wanting to cash in on the blockchain hype without risking their funds on the volatile cryptocurrency markets.
As well as an investment vehicle, blockchain also has the potential to shake up the…
Insolar aims to achieve what other blockchains have not — a truly decentralized, enterprise-grade platform that’s both scalable and adaptable. For this reason, Insolar doesn’t run as a single linear blockchain, in the same way as Ethereum or Bitcoin. Instead, Insolar operates a multi-chain environment where the ledger itself is organized using three types of chains called Lifelines, Sidelines, and Jets.
Using these different kinds of chains preserves the immutability of data on the platform. At the same time, a multi-chain system enables dynamic reconfiguration of data storage, and thus scalability. …
When a new technology emerges, it’s easy to get excited about the potential it brings, and blockchain is no exception. Over recent years, we’ve seen blockchain and cryptocurrencies deployed in a wide variety of different use cases. While there are many discussions around which use cases will ultimately win out, there’s significantly less discussion around blockchain ethics, and the murkier moral issues that have arisen, or could yet emerge.
In this article, we will take a critical look at the positive and negative considerations of blockchain ethics from multiple perspectives, covering economic, environmental and individual viewpoints.
As we become increasingly dependent on technology, the more critical it becomes for the companies and services we depend on to secure against hacks and attacks. Decentralization promotes a higher standard of security. As a result, blockchain security applications are now becoming more prevalent.
For a company like Marriott Hotels, hitting the headlines because hackers managed to get hold of data from 500 million of your customers is very bad for brand reputation. Therefore, cybersecurity is big business, expected to grow from around $150 billion in 2018 to $250 billion within five years.
Cryptocurrencies and blockchain were once a niche interest, protected and propagated by a hardcore legion of early adopters. Now, times have moved on. Blockchain technology has captured the attention of the world. One report estimates that the number of blockchain wallet users is increasing by more than 1.5 million each month. Spurred on by the hype over the price of Bitcoin, many investors are entering the market in the hope of making above-average returns from digital currencies.
It’s not just the surge of investors that are new. Thousands of ICOs have been held, most over the last couple of years…
Blockchain cryptography is at the very heart of what keeps cryptocurrencies and other digital assets safe from hackers and other cyber-attacks. Public key encryption provides each user with a public and private key, which are extremely difficult to guess through brute-force attacks, at least using today’s computing resources. However, developments in quantum computing will make brute-force attacks far easier in the future.
Here, we will take an in-depth look at how a quantum computer could successfully attack existing blockchain cryptography. Considering some projects are already making headway, we’ll also look at how blockchains can be secured against quantum machines.
The current rapid pace of development in emerging technologies such as blockchain, artificial intelligence, and big data have put digital transformation at the forefront of corporate strategic agendas. The IDC forecasts world spending on digital transformation activities will reach $1.3 trillion in 2018. However, the term itself is in danger of becoming overhyped to the point it becomes almost meaningless.
So, what is digital transformation, and what are the implications for businesses, and society at large?
While there is no strict definition, most sources seem to agree that digital transformation involves a fundamental redesign of existing models and processes to…
For businesses, government, students, and many kinds of researcher, surveys, and polls are an invaluable tool. They are so much a part of the fabric of our society, that we often almost take them for granted. However, the influence of surveys and polls can be far-reaching and powerful. What is their impact when poorly done, and how can emerging technologies help to secure the integrity of the process?
At the very highest level, a democratic election is a process that relies on robust and honest polling mechanisms. …
Blockchain and emerging tech writer/researcher. Reporter at Crypto Briefing. Traveller, foodie, scuba diver and all-round geek.