Digital Currency… Out of the Shadows and into the SpotlightTAG Alliances
Moderator: Tom Maher, DQ Advocates (Isle of Man - TAGLaw)
Panelists:
Basil Bielich, Browne Craine & Co (Isle of Man - TIAG)
Sibina Eftenova, Popov & Partners (Bulgaria - TAGLaw)
Erin Fonte, Dykema Cox Smith (Texas, USA -TAGLaw)
Sinead O'Connor, DQ Advocates (Isle of Man - TAGLaw)
Bitcoins, cryptocurrencies, or digital currencies… call them what you will, but they are in the headlines daily and may become the future of currency exchange. The legal and financial implications of these new methods of currency transfer affect clients and their customers. Our expert panel will analyze the current updates in regulatory compliance and law enforcement efforts surrounding electronic currency.
Is this just a fad or are we seeing the future of “money” before our very eyes?
What business opportunities arise for law and accounting firms in digital currency space?
Does the technology behind digital currency have other applications in the business world?
This document provides an overview of bitcoin including its characteristics, how it is trending as an industry, a PESTLE analysis, and discussion of its ecosystem, place in e-commerce, challenges, and opportunities. Key points are that bitcoin is a decentralized digital currency created in 2009, uses cryptography for security, and facilitates electronic payments. It is becoming a mainstream trend disrupting traditional banking and payments.
Blockchain Technology in Changing African Economy - Modernizing EconomyPeter S, Peter
This document discusses how blockchain technology could help modernize economies in Africa. It begins with an overview of blockchain and describes its origins in a 2008 whitepaper. It then discusses Africa's economic development, which involves increasing income, quality of life, and transforming structures. Blockchain could support this by facilitating trustless transactions through distributed ledgers. The document outlines three levels of blockchain usage and describes how smart contracts work by automatically validating outcomes without third parties. It explores sectors adopting blockchain and how the technology could increase transparency, prevent fraud, and make government services more efficient in Africa. Challenges to blockchain in Africa include lack of infrastructure, unpredictable regulations, and real government implementation.
This document discusses how blockchain technology can be applied to the real estate sector to address current problems and inefficiencies. It proposes a model where each property has a digital address on the blockchain and transactions can be facilitated through smart contracts, bringing more transparency, standardization, and improved operations while reducing fraud. The document compares blockchain in 2019 to the internet in 1994, noting that while still complex, it represents the future.
BlockChain as a New Cyber Strategy for your Business discusses how blockchain technology could impact cybersecurity and business strategies. It provides an introduction to blockchain and what it is and isn't. It then discusses how blockchain could be used within cybersecurity by creating an immutable record of compliance activities. Examples of how blockchain could transform various industries like financial services, supply chains, energy, and governance are also presented. The document advocates that blockchain has the potential to significantly change trusted computing and cybersecurity.
Digital Currency… Out of the Shadows and into the SpotlightTAG Alliances
Moderator: Tom Maher, DQ Advocates (Isle of Man - TAGLaw)
Panelists:
Basil Bielich, Browne Craine & Co (Isle of Man - TIAG)
Sibina Eftenova, Popov & Partners (Bulgaria - TAGLaw)
Erin Fonte, Dykema Cox Smith (Texas, USA -TAGLaw)
Sinead O'Connor, DQ Advocates (Isle of Man - TAGLaw)
Bitcoins, cryptocurrencies, or digital currencies… call them what you will, but they are in the headlines daily and may become the future of currency exchange. The legal and financial implications of these new methods of currency transfer affect clients and their customers. Our expert panel will analyze the current updates in regulatory compliance and law enforcement efforts surrounding electronic currency.
Is this just a fad or are we seeing the future of “money” before our very eyes?
What business opportunities arise for law and accounting firms in digital currency space?
Does the technology behind digital currency have other applications in the business world?
This document provides an overview of bitcoin including its characteristics, how it is trending as an industry, a PESTLE analysis, and discussion of its ecosystem, place in e-commerce, challenges, and opportunities. Key points are that bitcoin is a decentralized digital currency created in 2009, uses cryptography for security, and facilitates electronic payments. It is becoming a mainstream trend disrupting traditional banking and payments.
Blockchain Technology in Changing African Economy - Modernizing EconomyPeter S, Peter
This document discusses how blockchain technology could help modernize economies in Africa. It begins with an overview of blockchain and describes its origins in a 2008 whitepaper. It then discusses Africa's economic development, which involves increasing income, quality of life, and transforming structures. Blockchain could support this by facilitating trustless transactions through distributed ledgers. The document outlines three levels of blockchain usage and describes how smart contracts work by automatically validating outcomes without third parties. It explores sectors adopting blockchain and how the technology could increase transparency, prevent fraud, and make government services more efficient in Africa. Challenges to blockchain in Africa include lack of infrastructure, unpredictable regulations, and real government implementation.
This document discusses how blockchain technology can be applied to the real estate sector to address current problems and inefficiencies. It proposes a model where each property has a digital address on the blockchain and transactions can be facilitated through smart contracts, bringing more transparency, standardization, and improved operations while reducing fraud. The document compares blockchain in 2019 to the internet in 1994, noting that while still complex, it represents the future.
BlockChain as a New Cyber Strategy for your Business discusses how blockchain technology could impact cybersecurity and business strategies. It provides an introduction to blockchain and what it is and isn't. It then discusses how blockchain could be used within cybersecurity by creating an immutable record of compliance activities. Examples of how blockchain could transform various industries like financial services, supply chains, energy, and governance are also presented. The document advocates that blockchain has the potential to significantly change trusted computing and cybersecurity.
Blockchain is a distributed digital ledger composed of blocks that record transactions in a verifiable and permanent way. Each block contains a cryptographic hash of the previous block, linking the blocks together in a chain. This ensures that data in the blockchain cannot be tampered with or altered once recorded. Bitcoin is the first cryptocurrency that uses blockchain technology to operate as a peer-to-peer electronic cash system without the need for centralized control. While it provides advantages like freedom in payments and transparency, it also faces challenges like volatility due to lack of government backing and risk of bans or other currencies becoming more popular. Blockchain has many potential applications beyond cryptocurrency, including more efficient and secure real estate transactions, voting systems, IoT device
This document discusses bitcoin and its potential as a future currency. It begins with an introduction to bitcoin, describing its decentralized nature, use of cryptography, and role in facilitating electronic payments. Several key characteristics of bitcoin are then outlined, including that it is decentralized, open-source, peer-to-peer, easy to use, unregulated, anonymous yet transparent, and allows for fast but irreversible transfers. The document goes on to analyze bitcoin from political, economic, environmental, and legal perspectives and discusses its place within the e-commerce framework and opportunities it provides. While challenges like double spending and security issues exist, the conclusion is that bitcoin technology is pioneering a path toward a more digital global economy, even if bitcoin itself may not
Navigating the Tax and Accounting Implications of CryptocurrenciesSkoda Minotti
This document provides an overview of cryptocurrencies and their tax and accounting implications. It discusses what bitcoin is, key facts about cryptocurrencies and blockchain, and how to account for and tax cryptocurrency transactions. Cryptocurrencies are treated as property for tax purposes in the US. Gains and losses from transactions are taxed similarly to capital assets. Accounting for cryptocurrencies also follows fair value accounting. The document concludes with opportunities blockchain presents for the accounting industry through automation and transparency.
Blockchain has the potential to revolutionize commerce and lower uncertainty without traditional institutions like banks or governments. It provides a distributed ledger that records transactions across a peer-to-peer network using cryptographic trust mechanisms. This allows online transactions to occur more easily and cheaply without external oversight. Blockchain resolves issues like identity management, asset tracking, and reneging on deals. Smart contracts automate transactions through programmable clauses. Blockchain can enhance supply chain security and efficiency. It also enables decentralized financial transactions without fees or chargebacks through cryptocurrencies. Governments are also exploring blockchain applications. While opponents cite issues like energy use and job disruption, businesses should start small pilots and hire blockchain talent to explore opportunities.
Shift Money 2019 - The future of DLT and its applications in the financial se...Shift Conference
HashNET is a scalable, fast, secure, and fair decentralized blockchain project, leveraging Distributed Ledger Technology (DLT) and consensus algorithm which keeps all positive characteristics of a blockchain technology while increasing throughput to more than 50,000 transactions per second. Trade finance is considered one of the most useful applications of blockchain technology in the banking sector. All the involved parties such as a complex transaction can be on-boarded on a blockchain network and the information can be shared by exporters, importers, and banks on one common distributed ledger. Are 4th generation DLT networks up to the task and what makes Tolar HashNET stand out? You can hear all about it in this presentation.
This document discusses blockchain technology, its evolution, applications, and considerations for business adoption. It begins by explaining how blockchain was originally conceived for Bitcoin as a decentralized digital currency system using a chain of blocks. It describes the evolution from blockchain 1.0 focusing on crypto trading to 2.0 expanding to broader financial applications to 3.0 applying the technology beyond finance. The document lists example applications and outlines steps for managing business expectations, including clarifying use cases, communicating benefits across the enterprise, and preparing for implementation. Finally, it discusses both the benefits of blockchain like immutability and efficiency gains, as well as the costs of adopting the technology.
Blockchain is being presented as “THE” disruptive technology for the coming years. I have shared few of my findings as I looked to explore what the hype was all about.
Regulatory Environment and Government Opportunities for BlockchainJoseph Williams
The state-level regulatory environment for blockchain (not crypto) and some suggestions for where state and local government blockchain opportunities exist
Presentation by Mr. Randeep Melhi, Managing Director, Blockchain Center for Education, at NUS-ISS SkillsFuture Series Seminar: How the world is experimenting with Blockchain
This document provides an introduction to cryptocurrency and blockchain. It defines cryptocurrency as a digital asset used for exchange that utilizes cryptography to securely transfer transactions recorded on a public ledger. Blockchain is described as the system created for Bitcoin, which is an open-source decentralized ledger maintained across computer nodes. Transactions are grouped into blocks that must be validated by nodes to reach consensus before being added to the chain. The document discusses origins of Bitcoin and blockchain, new related terminology, and potential legal issues and future predictions for the technologies.
Collateral Registration System based on Blockchain TechnologiesAlfaSoft_Moldova
This document discusses using blockchain and smart contracts to develop a collateral registration system. It describes how blockchain works as a distributed ledger with cryptographically secured blocks containing transaction records. Smart contracts enable automatic execution of terms when predetermined conditions are met. The system would allow businesses to register collateral to secure loans, with all participants on the blockchain network having access to an immutable record of registrations, amendments and cancellations. Registration certificates could be verified using QR codes. This improves transparency and competition in lending by enabling non-bank financial institutions to offer secured loans using the registry.
Blockchain is changing the way we interact and trust each other, starting with our money. In this talk I present the potential of the technology and warn about some known pitfalls. I work with some analogies for an easier understanding of this complex new computational paradigm and play with the "status quo".
Zensar has built a business processes and model driven framework to help organizations Blockchain enable their processes in 30 days while realizing return on digital.
As a technology innovator, Zensar has come up with basket of solutions & service offerings that are focused to enable BFSI organizations implement blockchain in their core business areas.
Capital markets have existed for as long as civilization, beginning with clay tablets used for bonds in Mesopotamia in 2400 BC. While initially controversial, capital market innovations like public stock exchanges and programmable assets on blockchain are transforming finance by making processes digital, transparent and direct. Blockchain may have as transformative an impact on value transfer as the internet did on information transfer.
This document discusses how blockchain technology can be used to tokenize real estate assets. It explains that tokenization allows real estate to be divided into shares that are represented by tokens on a blockchain platform. This could streamline and simplify the current complicated real estate process by allowing properties to be more easily searched and filtered based on criteria. Blockchain also has the potential to automate steps in real estate transactions and reduce risks.
The document discusses how blockchain can help resolve tax issues by providing a secure and immutable system for tax authorities and taxpayers. Blockchain allows for real-time sharing of tax data in a way that is protected from hacking or data breaches. It can help reduce fraud, simplify tax filing processes, and increase transparency. Examples of potential blockchain tax applications include tracking VAT payments to reduce fraud and assisting businesses in securely sharing required tax data sets with authorities.
Blockchain technology was introduced in 2008 with the Bitcoin whitepaper. It allows digital transactions to be recorded in a distributed public ledger without a central authority. Key aspects include no reliance on trust, digital signatures, a peer-to-peer network, proof-of-work, and consensus. Bitcoin uses blockchain to keep track of transactions through mining, where nodes validate transactions and are rewarded with new bitcoins. Blockchain has applications beyond digital currency, including storing digital records, exchanging digital assets like tokens, and executing smart contracts.
A guest lecture delivered by Dr Farrukh Habib at INCEIF, Kuala Lumpur, on 22nd March, 2018.
Dr Farrukh Habib is an expert in sharia and Islamic finance. He is a adviser, researcher and trainer. He is keen interest in FinTech.
Blockchain is a distributed digital ledger composed of blocks that record transactions in a verifiable and permanent way. Each block contains a cryptographic hash of the previous block, linking the blocks together in a chain. This ensures that data in the blockchain cannot be tampered with or altered once recorded. Bitcoin is the first cryptocurrency that uses blockchain technology to operate as a peer-to-peer electronic cash system without the need for centralized control. While it provides advantages like freedom in payments and transparency, it also faces challenges like volatility due to lack of government backing and risk of bans or other currencies becoming more popular. Blockchain has many potential applications beyond cryptocurrency, including more efficient and secure real estate transactions, voting systems, IoT device
This document discusses bitcoin and its potential as a future currency. It begins with an introduction to bitcoin, describing its decentralized nature, use of cryptography, and role in facilitating electronic payments. Several key characteristics of bitcoin are then outlined, including that it is decentralized, open-source, peer-to-peer, easy to use, unregulated, anonymous yet transparent, and allows for fast but irreversible transfers. The document goes on to analyze bitcoin from political, economic, environmental, and legal perspectives and discusses its place within the e-commerce framework and opportunities it provides. While challenges like double spending and security issues exist, the conclusion is that bitcoin technology is pioneering a path toward a more digital global economy, even if bitcoin itself may not
Navigating the Tax and Accounting Implications of CryptocurrenciesSkoda Minotti
This document provides an overview of cryptocurrencies and their tax and accounting implications. It discusses what bitcoin is, key facts about cryptocurrencies and blockchain, and how to account for and tax cryptocurrency transactions. Cryptocurrencies are treated as property for tax purposes in the US. Gains and losses from transactions are taxed similarly to capital assets. Accounting for cryptocurrencies also follows fair value accounting. The document concludes with opportunities blockchain presents for the accounting industry through automation and transparency.
Blockchain has the potential to revolutionize commerce and lower uncertainty without traditional institutions like banks or governments. It provides a distributed ledger that records transactions across a peer-to-peer network using cryptographic trust mechanisms. This allows online transactions to occur more easily and cheaply without external oversight. Blockchain resolves issues like identity management, asset tracking, and reneging on deals. Smart contracts automate transactions through programmable clauses. Blockchain can enhance supply chain security and efficiency. It also enables decentralized financial transactions without fees or chargebacks through cryptocurrencies. Governments are also exploring blockchain applications. While opponents cite issues like energy use and job disruption, businesses should start small pilots and hire blockchain talent to explore opportunities.
Shift Money 2019 - The future of DLT and its applications in the financial se...Shift Conference
HashNET is a scalable, fast, secure, and fair decentralized blockchain project, leveraging Distributed Ledger Technology (DLT) and consensus algorithm which keeps all positive characteristics of a blockchain technology while increasing throughput to more than 50,000 transactions per second. Trade finance is considered one of the most useful applications of blockchain technology in the banking sector. All the involved parties such as a complex transaction can be on-boarded on a blockchain network and the information can be shared by exporters, importers, and banks on one common distributed ledger. Are 4th generation DLT networks up to the task and what makes Tolar HashNET stand out? You can hear all about it in this presentation.
This document discusses blockchain technology, its evolution, applications, and considerations for business adoption. It begins by explaining how blockchain was originally conceived for Bitcoin as a decentralized digital currency system using a chain of blocks. It describes the evolution from blockchain 1.0 focusing on crypto trading to 2.0 expanding to broader financial applications to 3.0 applying the technology beyond finance. The document lists example applications and outlines steps for managing business expectations, including clarifying use cases, communicating benefits across the enterprise, and preparing for implementation. Finally, it discusses both the benefits of blockchain like immutability and efficiency gains, as well as the costs of adopting the technology.
Blockchain is being presented as “THE” disruptive technology for the coming years. I have shared few of my findings as I looked to explore what the hype was all about.
Regulatory Environment and Government Opportunities for BlockchainJoseph Williams
The state-level regulatory environment for blockchain (not crypto) and some suggestions for where state and local government blockchain opportunities exist
Presentation by Mr. Randeep Melhi, Managing Director, Blockchain Center for Education, at NUS-ISS SkillsFuture Series Seminar: How the world is experimenting with Blockchain
This document provides an introduction to cryptocurrency and blockchain. It defines cryptocurrency as a digital asset used for exchange that utilizes cryptography to securely transfer transactions recorded on a public ledger. Blockchain is described as the system created for Bitcoin, which is an open-source decentralized ledger maintained across computer nodes. Transactions are grouped into blocks that must be validated by nodes to reach consensus before being added to the chain. The document discusses origins of Bitcoin and blockchain, new related terminology, and potential legal issues and future predictions for the technologies.
Collateral Registration System based on Blockchain TechnologiesAlfaSoft_Moldova
This document discusses using blockchain and smart contracts to develop a collateral registration system. It describes how blockchain works as a distributed ledger with cryptographically secured blocks containing transaction records. Smart contracts enable automatic execution of terms when predetermined conditions are met. The system would allow businesses to register collateral to secure loans, with all participants on the blockchain network having access to an immutable record of registrations, amendments and cancellations. Registration certificates could be verified using QR codes. This improves transparency and competition in lending by enabling non-bank financial institutions to offer secured loans using the registry.
Blockchain is changing the way we interact and trust each other, starting with our money. In this talk I present the potential of the technology and warn about some known pitfalls. I work with some analogies for an easier understanding of this complex new computational paradigm and play with the "status quo".
Zensar has built a business processes and model driven framework to help organizations Blockchain enable their processes in 30 days while realizing return on digital.
As a technology innovator, Zensar has come up with basket of solutions & service offerings that are focused to enable BFSI organizations implement blockchain in their core business areas.
Capital markets have existed for as long as civilization, beginning with clay tablets used for bonds in Mesopotamia in 2400 BC. While initially controversial, capital market innovations like public stock exchanges and programmable assets on blockchain are transforming finance by making processes digital, transparent and direct. Blockchain may have as transformative an impact on value transfer as the internet did on information transfer.
This document discusses how blockchain technology can be used to tokenize real estate assets. It explains that tokenization allows real estate to be divided into shares that are represented by tokens on a blockchain platform. This could streamline and simplify the current complicated real estate process by allowing properties to be more easily searched and filtered based on criteria. Blockchain also has the potential to automate steps in real estate transactions and reduce risks.
The document discusses how blockchain can help resolve tax issues by providing a secure and immutable system for tax authorities and taxpayers. Blockchain allows for real-time sharing of tax data in a way that is protected from hacking or data breaches. It can help reduce fraud, simplify tax filing processes, and increase transparency. Examples of potential blockchain tax applications include tracking VAT payments to reduce fraud and assisting businesses in securely sharing required tax data sets with authorities.
Blockchain technology was introduced in 2008 with the Bitcoin whitepaper. It allows digital transactions to be recorded in a distributed public ledger without a central authority. Key aspects include no reliance on trust, digital signatures, a peer-to-peer network, proof-of-work, and consensus. Bitcoin uses blockchain to keep track of transactions through mining, where nodes validate transactions and are rewarded with new bitcoins. Blockchain has applications beyond digital currency, including storing digital records, exchanging digital assets like tokens, and executing smart contracts.
A guest lecture delivered by Dr Farrukh Habib at INCEIF, Kuala Lumpur, on 22nd March, 2018.
Dr Farrukh Habib is an expert in sharia and Islamic finance. He is a adviser, researcher and trainer. He is keen interest in FinTech.
This document discusses the technology of blockchain and its potential future applications. It begins by explaining how blockchain works as a distributed database where transactions are grouped into blocks and linked via cryptography. Examples are given of how blockchain could be used for applications like global payments by providing benefits like reduced costs, faster transactions, and increased security and transparency. However, challenges like scalability, regulatory uncertainty, and technical limitations still need to be addressed before blockchain sees widespread adoption.
Blockchain technology enables the creation of a decentralized environment where cryptographically validated transactions and data are not controlled by any third party. Any transaction is recorded in an immutable ledger in a verifiable, secure, and permanent way. The term "blockchain" was first coined in 2009 by Satoshi Nakamoto in the original source code for Bitcoin. Blockchain is characterized by censorship resistance, immutability, and global usability, and is decentralized politically and architecturally. Users have autonomy to access and help maintain the blockchain through mining.
FinTech is just short for financial technology and it refers to the application of technology in the financial industry. On the other hand, blockchain refers to the distributed ledger technology behind cryptocurrencies; it allows digital information to be distributed and each piece of data can only have one owner.
Unbundling Of Financial Services: The Blockchain(s) RevolutionGeorge Samuel Samman
This is a deck which talks about blockchain(s) and their use cases, It is based off of some o the best thought in the space and looks at why banking and financial services will be changed.
Blockchain technology has many applications and advantages. It allows for increased trust, security, transparency and traceability of shared data. While it has limitations like scalability issues, it can be used for applications like cryptocurrency, asset management, healthcare records, and online identity verification by providing a secure, immutable record of transactions without an intermediary. Future developments may include more widespread adoption of blockchain by businesses to increase revenue and efficiency.
This document discusses blockchain technology and cryptocurrency. It begins with introductions to blockchain and cryptocurrency. It then covers technical aspects of blockchain like hashing and nodes. It discusses different types of cryptocurrencies and tokens. It also discusses decentralized marketplaces and exchanges. Specific blockchain use cases are mentioned like supply chain tracking and Estonia's digital identity system. Government approaches to blockchain from different countries are also reviewed.
Business Opportunities in Fintech and BlockchainSaeed Al Dhaheri
This presentation was given at the Etisalat Academy Blockchain Symposium. It highlights how fintech and blockchain technologies are disrupting the financial services industries and other vertical domains as well. It also highlights the important features of blockchain and discusses the business opportunities. It briefly explains types of blockchain and the difference between public and private blockchain ledgers. It talks about the world most major initiatives including Dubai blockchain strategy and provide some examples from current PoC projects in UAE.
The document discusses the potential applications of blockchain technology. It summarizes how blockchain provides a decentralized ledger system that does not require trusted third parties, unlike centralized ledger systems. This is achieved through consensus, smart contracts, and cryptography. Some potential applications discussed include using blockchain for remittances, trade finance, financial services, and the Internet of Things. Blockchain could revolutionize industries by enabling low-cost digital transactions and automated processes.
How Blockchain & Cryptocurrencies Redefining Financial Instruments in Finance Kellton Tech Solutions Ltd
Join this webinar to learn how distributed ledger technologies - Blockchain & Cryptocurrencies innovating the traditional financial services industry with a transformative impact.
Blockchain and BPM - Reflections on Four Years of Research and ApplicationsIngo Weber
In this keynote, delivered at the Blockchain Forum of BPM 2019, I summarized and reflected on research on BPM and blockchain over the last four years, including model-driven engineering, process execution, and analysis and process mining. I also covered selected use cases and applications, as well as recent insights on adoption. The keynote closed with a discussion of open research questions.
Blockchain is a distributed ledger or database that records transactions across a peer-to-peer network. It allows digital information to be recorded and shared in a way that makes it difficult to alter, hack, or cheat the system. Nodes on the network validate transactions using cryptographic algorithms to achieve consensus on the single record of data. In the future, blockchain may enable applications like digital identity management, smart contracts, decentralized finance, improved supply chain management, and secure Internet of Things networks.
Digital Currencies- Block chain, Cryptocurrencies and Bitcoin Sai P Mishra
Digital currency is a money balance recorded electronically on a stored-value card or other devices. It exhibits properties similar to physical currencies, but can allow for instantaneous transactions. Digital Currencies like blockchain, bit coin, etherium are emerging and has great future.
The document discusses the future of fintech and blockchain. It provides an overview of blockchain technology including how it works, different types of blockchains, and key features. It then explores several potential applications of blockchain technology in various industries such as banking, insurance, voting, supply chains, and government services. The document suggests blockchain could help address issues with data security, accountability, and trust that currently exist with centralized systems like cloud computing.
Exploring the Future of Bitcoin Ordinals Marketplace Development (2).pdfSERENAWILLIAMS27
Bitcoin Ordinals Marketplace Development, where we embark on a journey to unravel its vast potential and significance in the ever-evolving landscape of cryptocurrencies and decentralized finance. As the world of digital currencies continues to evolve and capture the attention of individuals and institutions alike, Bitcoin Ordinals Marketplace emerges as a revolutionary concept that introduces a new dimension to the decentralized economy. By providing a platform for the exchange and trading of unique, limited-edition digital assets represented as non-fungible tokens (NFTs) on the Bitcoin blockchain, this marketplace brings unprecedented value and exclusivity to the world of digital ownership and value exchange.
Blockchain technology provides a distributed database that maintains a growing list of records called blocks. Each block contains a timestamp and link to the previous block. Blockchain solves the double spending problem for digital currencies like bitcoin without a central authority. Characteristics of blockchain include information stored across a shared distributed database rather than a single location, making records public and verifiable. Transactions are immutable and exist forever in a state of consensus. The network is powered by nodes that validate transactions and get copies of the blockchain. Nodes are incentivized through mining cryptocurrency or transaction fees. Beyond currency, Ethereum enables decentralized applications and smart contracts that run exactly as programmed without downtime or interference.
Blockchain technology provides a distributed database that maintains a growing list of records called blocks. Each block contains a timestamp and link to the previous block. Blockchain solves the double spending problem for digital currencies like bitcoin without a central authority. Characteristics of blockchain include information stored across a shared distributed database rather than a single location, making records public and verifiable without centralized control. Transactions are immutable and checked every 10 minutes for consensus. Nodes power the network by validating transactions and receiving cryptocurrency rewards or fees. Smart contracts on the Ethereum blockchain enable building decentralized applications that run as programmed without downtime, censorship or interference. Potential use cases discussed include energy trading platforms, electric vehicle charging networks, and reducing retail energy costs through blockchain settlement of
Similar to Towards a blockchain-powered economy (20)
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
The Impact of Generative AI and 4th Industrial RevolutionPaolo Maresca
This infographic explores the transformative power of Generative AI, a key driver of the 4th Industrial Revolution. Discover how Generative AI is revolutionizing industries, accelerating innovation, and shaping the future of work.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
9. • It became popular because
of bitcoin
• Enables smart contracts
and decentralized
applications
10. • “digital vending machines”
• programs that execute the
agreement between two parties
on the blockchain precisely as
programmed
• facilitate the exchange of value
11. • special types of software programs
• run on a blockchain
• use smart contracts to achieve
decentralization
12.
13. • A new way of crowdfunding /
financing
• Cost savings from smart
contracts
• Simplify business functions
• Streamline contractual and legal
procedures via smart contracts
14. • Banking
• Payments and
Remittance
• Legal Profession
• Real Estate
• Government
• Logistics
• Accounting /
Audit
• Software / Game
Development
15. • Credit and
financing
• Internet of things
• Money transfer
• Contracts
• Identity
management
• Real estate
• Voting
• Supply chain
management
• Financial
reporting
• Documentation
19. • An ecosystem for making fast and
safe deals
• Uses smart contracts on Ethereum
blockchain
• No programming required
20. • Features
–advanced smart contract management
tools
–multi-language support
–API
–IoT integration
–scalability to other blockchains
21.
22. • Freelancing
• Lending an
apartment
• Escrow for deals
with real estate
• Car leasing
• Cryptocurrency as
collateral
23.
24. • provides a free and easy to use token
creator
• enables anyone with little to no
experience in cryptocurrencies the
ability to create there own
ethereum-based ICO (ERC20 tokens)
25. • allows users to create an entire
ICO campaign as well as accept
ethereum-based funding from
backers
* ICO = initial coin offering:
crowdfunding using
cryptocurrency
26.
27. • funding system
allows for backers to
easily fund various
campaigns
• uses a built-in crypto
payment gateway
• no transaction fees
• platform tracks and
manage the rest
28.
29. By 2020, the emirate wants
all visa applications, bill
payments and license
renewals, which account
for over 100 million
documents each year, to
be transacted digitally
using blockchain.
30. • the government agency
tasked with overseeing
land purchases and
approving real estate
trades
31. • launched a blockchain-powered
system to:
–help secure financial transactions
–electronically record all real estate
contracts
–connect homeowners and tenants to
property-related billers, such as
electrical, water and
telecommunications utilities
32.
33. • called emCash
• can be used to pay for government
and non-government services
34.
35. • Attend blockchain events /
seminars
• Develop DApps
• Use blockchain-powered apps
• Learn blockchain
• Teach others about blockchain
• Start blockchain-powered business
37. • Blockchain can:
–lead to a New Economy
–assist in global economic
integration
–support a highly-decentralized
world
• We need to join the blockchain
bandwagon!
38. William Mougayar
Author, The Business Blockchain:
Promise, Practice, and Application
of the Next Internet Technology
39.
40. • 6 Chapters
–The Problem with Bills and Coins
–The Next Generation Currency
–Bitcoin Demystified
–The Value of Bitcoin
–Dabbling in Bitcoin
–A Variety of Cryptocurrencies
41. • 3 Bonus Articles
–Taxability of bitcoin earnings
(Philippines)
–Blockchain and Smart Contracts
–Understanding an Investment
Scam
• Scam Checklist