Agents ensure last-mile connectivity for remittances service providers, but networks can suffer from issues such as lack of financial incentives and networking. A blockchain-based solution might enable better collaboration, increased engagement and improved incentives.
One area where the blockchain is gaining a foothold is in intellectual property, where it's being used mainly as a way to ensure that artists and musicians receive recognition and compensation for their work, no matter where it might pop up on the internet.
The blockchain allows anyone with access to its distributed ledger to track what went into a product and who handled it along the way. This transparency is especially relevant to food supply chains, given their geographic expansion in recent years and the amount of data companies track.
With new technologies, it takes a while for regulation to catch up. Blockchain technology is no exception. While we are slowly beginning to see standards emerge, the reputation of blockchain is still marred by the criminal aspects of bitcoin.
Bitcoin was designed to be free from control by any one institution. But as mining and buying activity become concentrated in China, a country whose government wields absolute power, it's getting harder to argue that bitcoin is decentralized and borderless.
Major financial institutions such as JP Morgan are finishing up blockchain technology pilot tests and other businesses are starting to jump on board, as well. But is blockchain tech worth the hype?
The blockchain technology at the heart of the cryptocurrency bitcoin has opened up a number of possibilities for the banking industry. Here's what's in it for financial institutions.
Virtual Currency Today is becoming Blockchain Technology News. Editor Suzanne Cluckey explains what all the change is about.
The Trump administration has expressed interest in blockchain technology, which raises a few questions: Should government entities use the blockchain? And if so, what are some of the use cases?
The price of bitcoin is off only about 5 percent since Friday, when the SEC nixed the Winklevoss-backed proposal for a bitcoin exchange-traded fund. Which raises the question, "Was the commission's decision a foregone conclusion from the get-go?"
It's rare for a day to go by without a bank, startup or financial firm jumping on board the blockchain hype train. But before we get too excited, however, we need to understand the basics of the blockchain.
Whichever way the US Securities and Exchange Commission rules on a proposal by the Winklevoss twins for a bitcoin exchange-traded fund, the agency's decision will have a positive impact on the future of digital currencies.
Top 5 January stories: virtual currency and blockchain 'basics' dominate reader interest despite bitcoin's 2017 price surge
While bitcoin's price has been on a rapid increase since the start of the new year, the public at large is still learning about virtual currency and blockhain technologoy. The five best read stories in January demonstrate that reality.
Virtual currencies offer numerous benefits over more traditional currencies. Being decentralized, they are less susceptible to online fraud. As digital currencies, they also afford security from physical world currency issues such as theft or loss.
One area that has lagged in innovation is financial services. Though money is inherently a conservative market, many predicted some time ago that providers would innovate quickly or be replaced.
A virtual currrency expert explores the key role that miners play in supporting a virtual currency in part 2 of a two-part series.
Top 5 December stories: bitcoin basics, its price surge and new blockchain technology applications capture readers’ interest
The top five best read stories once again covered a wide range of virtual currency topics, reflecting the diverse interests among the young industry's readers.
A virtual currency expert explains the elements of virtual currency, including a peer-to-peer network, a content delivery system, cryptographic hashing, digital signatures and transferring value on the network. These elements are the basis for an anonymous system for exchanging money and information.
Blockchain technology makes securities registration more secure and efficient. Because blockchains are decentralized systems, they provide a distributed method of equity registration and information tracking, bringing greater ease of use and improved security.
Virtual currency is a young industry characterized by rapid technological change and increasingly intense regulatory scrutiny. These aspects were evident in the five best read VirtualCurrencyToday stories in November.