Tag Archives: digital money

Sci-Tech

The Benefits And Disruptions Of Blockchain Technology

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It’s safe to say Blockchain technology has disrupted the internet in quite a dramatic fashion.

Despite only being invented about fourteen years ago, cryptocurrency has formed a world of its own and it is now estimated the market will hit well above a $1 trillion USD valuation from four years ago…..

Allowing transactions, alongside other things such as documents and invoices, to be sent across a P2P network, the technology has been praised for its advanced security and anonymity benefits.

The latest infographic crafted by Bitfortune looks into how many ways Blockchain technology impacted the world and various business industries, such as charities and banking.

In the world of cybersecurity, Blockchain can help reduce or eliminate fraud and errors, along with being a more accurate and confidential platform for industry professionals.

For example, REMME is a secure platform that has eliminated the need for passwords and instead uses Blockchain as a form of authentication.

In supply chain management, Blockchain is being used to reduce the number of errors and exposure to potential threats.

The technology also helps reduce time and increase efficiency – a win-win all around, really. FedEx recently announced plans for an internal Blockchain pilot program that will help solve customer disputes while IBM and Maersk are also working together on a new company that will use Blockchain within global shipping supply chains.

Take a look at the infographic below to learn how Blockchain is disrupting other industries around the world for the better and why it’s time to start thinking about how you can incorporate the technology into your lives.

For the Silo, Josh Wardini. 

16 Blockchain Disruptions Infographic

Supplemental- Why some traditional banks are broke: Fractional reserve banking.

Finance

Crypto Currency Pop Quiz

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Which digital currency originated from the Doge meme and was originally introduced as a joke?

Is it the same currency that quickly developed into an online community and that was capitalized a few years ago at over $240 Million USD? Take this pop quiz challenge and find out.



Featured image via- darkwebnews.com

UPDATE- How Pi aims to democratize digital currency.

Finance

There Are New Forms Of Money On The Horizon

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Take a look at these transactional trends to see how you might be spending your money in the future.

What does the future hold for the way we pay?

Paying for your purchases used to be to the most straightforward task around, you’d exchange your coins with the cashier and in return you’d receive your goods. Simple. But today, a modest transaction can involve some serious tech.

Whilst everything in the world seems to be making a switch to digital, money is no exception. Gone are the days of signing signatures, punching in pins and certainly, counting coins, but the advancements show no sign of stopping. As contactless method currently seems to offer the most convenient method of payment – it begs the question of what could possibly come next.

The use of physical cash is dwindling as more and more options become available to consumers.

Consider how the Corona virus lock downs have also affected the use of physical cash:  businesses and retail either favor interac and credit cards or outright refuse the use of cash transactions. Look to the infographic below for three of the most prominent examples of the way our spending habits are currently evolving.  For the Silo, Danielle Mowbray /creditangel.co.uk

Future of spending with digital money