The big problem in the sharing economy is trust. People want to know who they are getting into a business relationship with and whether their information is safe. This is why blockchain technology is emerging as a fix for managing identity and hence enhancing trust.
Oil and Gas companies are now seeing the potential of blockchain technology to manage and track their resources more efficiently, as well as to optimize payment and reconciliation processes. For business owners, the promise of a birds-eye view over expansive oilfields and the many associated operations is highly attractive.
Disruption is coming for the data storage industry, with decentralized blockchain-based cloud storage technology offering a compelling alternative to decade-old centralized storage solutions.
Blockchain was once a bold experiment, but today it has evolved into a mature tech that is entering various spheres of life. Businesses and investors now need to keep pace with this innovation to overtake their competitors and stay ahead of the game.
Blockchain’s transparent and efficient mechanisms have revolutionized law, finance, healthcare, logistics and many other spheres. It’s now set to take over the social media industry. By solving current problems and presenting diverse opportunities, blockchain is ushering in a digital revolution.
Decentralized autonomous organizations (DAOs) are on the crest of the wave and have breathed new life into multiple spheres. But what are they and who can benefit from their adoption?
Ethereum, represented by ETH, is the new chain, which is the original blockchain’s offset while Ethereum Classic, represented by ETH, is the original chain. The separation occurred when Vitalik Buterin, Ethereum founder, proposed the fork. But how do the two differ?
Security token offerings (STOs) are widely regarded as an efficient means of raising capital. They bring regulation to blockchain-enabled crowdfunding and offer multiple benefits to investors.