BlockChain
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Blockchain Investor Vinny Lingham: Bitcoin Threatens Govt Ability to Make Moneyâ... (cointelegraph.com)Bockhain entrepreneur and industry advisor Vinny Lingham told Cointelegraph in an interview Oct. 21 that cryptocurrency prices will surge again, but it will take some time.Speaking with CT during the Money20/20 conference Sunday.
Lingham – also the CEO of Blockchain identity startup Civic – stated that cryptocurrency markets need time to regain previous volumes, arguing that the market’s priorities have shifted:
“Now the world is waiting for utility, when people will actually start to use the cryptocurrencies.
”Lingham also said that governments globally are poised to push back against Bitcoin (BTC), as “it threatens their ability to make money.
”The investor also added that central bank-issued cryptocurrencies are imminent:“Every country will issue their own cryptocurrencies. Many countries will. And that will become interesting. And that is going to happen.”“Sometimes it’s just simple as time,” Lingham concluded the interview.
Back in June 2017, Lingham had made a statement that Bitcoin was “better money” than Ethereum (ETH).
In May 2017, Lingham, made a similar prediction to this week’s, asking the crypto community “to be patient” for Bitcoin’s price to grow – which it subsequently did manyfold.-
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Francisco Gimeno - BC Analyst There is a problem when crypto is seen as a threat to governments by some people. It should be seen as an opportunity to create a new and better digital economy, in which the governments will create a better environment for their citizens. What will happen? Will governments create their own cryptos? Venezuela already did it... Time will say.
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Use Case: Here's how blockchain is going to fundamentally change our lives ... (business-standard.com)The use of the internet has undergone rapid evolution in a matter of a few decades.
In the 1990s, the internet was described as "a wide-area hypermedia information retrieval initiative aiming to give universal access to a large universe of documents" or simply put, 'The Internet of Information' which was primarily used to access data resources and services administered on the web browsers.
Back then, no one would have thought how it would fundamentally change our daily lives in the future. It has rapidly evolved from a platform to gather information to a space where we can shop, bank and communicate.
The digital revolution has made the world realise the value of the internet and its implementations.So, today we are gradually moving towards what Canadian strategist Don Tapscott calls 'The Internet of Value'; that is the fountainhead of digital assets.
Blockchain, which allows us to enable the exchange of any asset across the globe in real-time, ranging from stocks and bonds to music and art, is the next inevitable step in the global progress towards 'The Internet of Value'.
Various applications of the internet have been made possible which are efficient like peer-to-peer money transfer, because internet reduces the transactional and communication cost to a bare minimum.
This is the same force driving the new platforms that have emerged to deliver goods and services at levels of efficiency previously unimaginable, and blockchain is leading the revolution in redefining the new-age internet.
Like a traditional ledger, blockchain is essentially a record of transactions. These transactions can be any movement of money, goods or secure data -- for example, a purchase at a supermarket, or the assignment of an Aadhar number. It works in three basic steps.
First, it gathers data that the user has provided in forms of smart contracts, transactions IDs. Second, it orders the received data into blocks and finally chains them together securely using cryptography making it decentralised and accessible via any computer/mobile device across the network.
Now the question here is why do we need it? What is it that will change the way groceries are bought, stocks are purchased, money is transferred, bills are paid, and land deeds are made? The answer possibly can be the demand for trust and security emerging from both people and enterprises alike.
Blockchain best serves these purposes as the trust factor is native to the medium. For example, if you are transferring money online to your friend, then your medium becomes the internet and to secure your transfer, a clever programming code is written.
The same concept is applied by blockchain, but the security is made more secure by cryptography.Blockchain has the potential and can be implemented across diverse sectors such as banking, education, and health. For instance, we keep our savings, assets and cash with banks because they are trustworthy and secure.
However, their data is centralised, making them quite prone to cybercriminals that can bring the entire banking system to a halt. Now consider a person working abroad who wants to send a remittance to his family back home but has to encounter multiple clearances before his family receives it.
With blockchain technology, the concept of crypto currency comes into picture, thus resulting in an open-access registry of monetary flows which makes the intermediation of financial institutions unnecessary and even costs less.
Second, in the field of healthcare, while big data analytics and artificial intelligence are simplifying healthcare delivery by smartly diagnosing the diseases from the patterns of numerous plugged-in electrocardiograms, blockchain is turning out to be a perfect platform for recording the medical attention of a patient and identifying a trend from the data recorded. Consider health card:
A database which can be perceived as your health identity as it carries your entire medical history. Such technologies can find effective application in reducing information asymmetries within the healthcare and insurance markets by providing the most accurate data on patients.
Finally, blockchain can reorient the education system by delivering academic transparency.
It can build an e-portfolio of academic credentials which has your test scores since the day you entered school. Paying for school fee in crypto currency -- which is decentralised -- from anywhere around the world on a secured network is commendable.
Hence, this multi-trillion-dollar industry of education is indeed revolutionising.
Also, if implemented in government operations, blockchain will help break down barriers built from bureaucracy and corruption by providing a means to bypass existing power structures. It could be used to transform the way charities are created and regulated.
By implementing a transparent system of transactions that include deposits of cash, transfers of donation and expenses spending will bring about a paradigm shift on how rules are enforced for these organisations.Moreover, this technology has the competence to revamp the present system by automating manual processes, eradicating frauds and controlling the issues for authorisation.
Its implementation across diverse sectors can be a solution to the most foundational problems of mankind. Hence, blockchain could be the perfect platform to transform a knowledge-driven economy into a digital-inclusive society.
http://www.business-standard.com/article/technology/here-s-how-blockchain-is-going-to-fundamentally-...
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Francisco Gimeno - BC Analyst An insight on how Blockchain may transform our lives being a disruptive technology changing society into a digital-inclusive society. Good for reading.
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Blockchain Company is growing!
We have successfully raised a little over 50% of our $2.5 million Seed Round and are therefore very excited about scaling our utility going forward. You will be
awarded bonus tokens in addition to the free tokens you qualify for being a registered user, by our stipulated deadlines later on when we distribute them for executing
this following task on your profile page.
(You need to Create an Account to qualify for free BC Tokens.
See " About Free Tokens " above for more information.
BC Utility Tokens can have value like
Bitcoin, Ethereum and others, when listed on Cryptocurrency markets in the future, after we issue them to registered users. We are aiming to launch our BC Token as a Utility Cryptocurrency by the 30th of November 2017.
In the meantime, we have lots to do including developing our ERC20 Ethereum Smart Contract. From time to time, we may ask users on the network for any related professional skills and agree to compensate in BC Tokens, or a mixture of BC Tokens and normal currency in $, Euros or Pounds.
Our goal and mission is Blockchain Company should evolve into a global digital crypto economy, helping everyone discover the blockchain and services as companies, organisations and service providers start using the blockchain more proficiently for almost everything.
OK, your task herein is as follows:- Login on to BC as you normally would
- After you are logged in, select any content article or video you care about that has already been curated for user discovery on BC. You can also you the search utility or click on major categories, E.g Training.
- Scroll down to the footer of each content you select. You will see " Add List " click on this and it will open up a dialog box asking you to create an Add List category for the content you have just selected.
- Create a category for the the content article or video you have selected
- Then click save
- That content should now appear on your profile page within the category you have created.
- Repeat the process as many times as you like by selecting content you care about, or want to research later and create categories for them.
- You can list content in new categories, or list them in categories you have already created. Refresh your screen to list content in categories you have already created, so it will display those categories.
- Now your profile has professionally curated content that your friends, colleagues, corporate bosses or university professors can discover on your profile.
- Here is a an example to look at: http://www.blockchaincompany.info/robert
- IMPORTANT** Have you secured a profile unique URL yet?
- A unique URL will look like this:
http://www.blockchaincompany.info/robert - To create your unique URL now, navigate to " Settings " in the upper right corner drop down box when you are logged in. You will see a form field asking you to enter a unique name or word. Enter a "keyword" e.g "robert" "engineer" or whatever you want your unique URL to be.
- Unique URL's are extremely valuable for several future reasons. For example only one person can ever have " robert " . You get the picture.
- Now you can easily share your unique Blockchain Company URL with all your friends on Facebook, Linkedin, Twitter or wherever, so they can discover your professional blockchain page and the professional content you are discovering on our platform or learning about.
- IMPORTANT** In our backend, we count the number of page activity you have and will reward bonus BC Tokens for profile page views going forward, including points you accumulate. So make an effort to share your profile page.
Creating your " Add List " with up to 10 Categories with a minimum of 2 stories per category gets you 100 BC Tokens " Unlocked " in addition to the free locked tokens we will distribute to you after our token launch.
Once again, our goal is to build and evolve a tangible and quality utility like Facebook, Linkedin and Google, where blockchain content, applications and services can be easily discovered.
We are developing a crypto utility platform where our BC Token can also be exchanged for all kinds of future services imaginable. We don't know what BC Token will be worth, however for a guide, we aim to be in the top list of tokens and crypto currencies you see listed on Coinmarketcap.
If you'd like to lean more about our growth strategy, read our Medium Introduction to Blockchain Company here: https://medium.com/@blockchainco/introducing-blockchain-company-info-9e2bdb467ff1
Thanks for growing with us and helping the world discover Blockchain and Blockchain Company. If you have any questions, ask in the comment area below.
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Blockchain applies to almost every industry sector and not just to
Software Developers. For instance, you may be an Accountant, Lawyer or
Supply Chain Professional, or Student and have experience or knowledge
of how the blockchain and Distributed Ledger Technology applies to your
industry or company.
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Francisco Gimeno - BC Analyst Done. It was actually interesting as I had to go back in time so I could refresh my mind with some articles which I really cherished. Well done BC!
- Login on to BC as you normally would