The three biggest blockchains have different approaches to tokenization. The Ethereum and bitcoins blockchain hold tokens while the Hyperledger does not. What is the purpose of some tokens on the Ethereum blockchain? How does it differ from other tokens?
After the 2007 to 2009 financial meltdown that left millions financially stranded and asset-stripped, people seemed to have gained a measure of trust to blockchain and cryptocurrencies that came on board almost immediately.
The music industry is yet another sector that could benefit immensely from Blockchain technology once adopted and fully implemented. This is another sector poised to benefit more from the potential offered by smart contracts. It is one industry with so many intermediaries and the elimination of some of these could prove beneficial.
Although proof of work protocol had served the blockchain community faithfully since its inception with bitcoin, its inability to scale and its support for centralization were some of the identified weaknesses. How is the proof of work protocol perceived as supporting centralization?
t is not uncommon to read the following headlines in some national and private newspapers: “Retirees protest over unpaid retirement”. This article will discuss how the Ethereum blockchain can solve some of these endemic problems.
Cook County is one of the most populous counties in the US with a population of about 5 million. However, it had many challenges in terms of real estate management. In 2017, it embarked on a vicious project to adopt blockchain to manage its real estates. However, what were some of the main reasons? Can other states and countries worldwide learn from it?
Malicious attackers, poor record-keeping, government corruption and natural disasters have made land management and real estate management a real challenge. How is the blockchain technology being applied to solve some of these problems?
So far, much has been written about blockchain use cases that were never thought about, but have become a reality. Can blockchain be used in Africa to reduce century-old challenges related to its abundant natural resources other than diamonds, emeralds, and other precious minerals?
The whole point of developing cryptocurrencies has been taking control back to the people, the users. Bitcoin and indeed all cryptocurrencies have been developed to empower ordinary users with complete control and easy access to their assets, in this case, money. Thus, the central hold and control of huge financial firms on people’s money have been threatened.
In part one, we stated that blockchain is not the answer or magic bullet for any challenge or problem. This article considers three more.
