When bitcoin was invented, it had clear goals of eliminating the controlling financial authorities over personal funds. It aimed to eliminate banks and other financial institutions and give power back to the owners. However, when enterprise blockchain became popularized, blockchain found fertile soils for easy incorporation into its genetic code. Diverse applications resulted.
Blockchain technology could trace farm products to create a reliable supply chain that could ensure food availability in a nation or restaurant inventory. Implementing blockchain becomes a hope to increase farmer welfare while controlling product price at the customer level.
By Lumai Mubanga. [email protected] The absence of a central control master in cryptocurrencies creates the question of who validates transactions when making or receiving payments. This article explains how Bitcoin transactions and other cryptocurrencies are validated. Let us begin with the traditional banking transaction scenario. The client’s fund is aggregated into one count. When a […]
BTC will change the world. I believe so. So many people will benefit from it nationwide when they all accept to use it as well. We will both cry and be happy at same time.
African is well known for its mineral wealth many of which is rare, expensive, and in high demand. However, Africa is also well known for civil strife especially in areas where these minerals are found. One mineral that was recently classified as a conflict mineral is tantalum.
Coming from the Central part of Africa where life seems more difficult financially as compared to other African countries, any technology that improve our lifes will be the most welcomed.
Blockchain deals with digital documents and any authentication to be done in the system will demand the use of digital authentication mechanisms. As such, all documentation is ‘stamped’ with digital signatures.
He is preparing to release the bitcoin version of the messaging program for use on Facebook, WhatsApp, Messenger and Instagram. This could be a long-awaited success, as Facebook is the world’s leading technology company in the lucrative microfinance market. Or not?
Initial Coin Offerings – ICOs are proving to be among the best fundraising options for huge blockchain projects. Some companies have raised huge amounts of investment capital beyond expectation. But what makes ICOs more innovative than the traditional venture capital? How does this mode of raising capital motivate open source projects?
In some developing countries, scholarships are not given to the needy groups of society with transparency and fairness. How can blockchain be applied to achieve fairness and transparency in the selection and award process?
Patent: JP7308496
* All information is subject to the English version
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