How Real Estate Stands To Benefit From Blockchain Technology
Blockchain flash news
by Titus Kamunya
4y ago
The real estate remains one of the most lucrative areas to invest and attracts people from all over the world and stands to benefit a lot from the blockchain technology. The field has historically been relying on old methods of doing business and record keeping. New technologies have now started reshaping how people conduct business, and the blockchain has been very vital in transforming fields such as insurance and the banking industries. Despite the high value of the real estate market, it has attracted frauds, and a lot of people have lost hard-earned cash to cons in the market. The followi ..read more
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How Blockchain Could End The Diamonds Black Market
Blockchain flash news
by Roxana Florea
4y ago
The diamond market is worth about $80 billion. Its high value attracts many frauds as everyone wants to have a share in this market. Some of the most common crimes in this industry include theft, diamond-fueled conflict, and fraud just to mention a few. The blockchain technology can be the answer to some of these underlying problems in this market. Even though newbies on matters blockchain can only associate this technology with cryptocurrencies like bitcoin, other industries such as insurance, banking, freight, and supply are already embracing it. The diamond market happens to be one ..read more
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Blockchain Decree of The Republic of San Marino
Blockchain flash news
by Roxana Florea
4y ago
As you already know, regulation questions around various applications on the blockchain technology have attracted worldwide debate from different quotas — some ‘investors’ claim to have lost large chunks of money in non-existent initial coin offering projects. Financial institutions as well are also arguing that the crypto space should be regulated as it opens up channels for unfair trading practices. The Republic of San Marino is among the few countries that have compiled a formal document that provides a regulatory framework on these emerging technologies. The institute respo ..read more
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How Blockchain is Changing the Insurance Industry
Blockchain flash news
by Roxana Florea
4y ago
The first application of the blockchain technology was on the cryptocurrency space. However, this has changed over the years, and people are now exploring more applications in this space. The insurance industry has not been left behind as it seeks to explore the benefits of this fantastic technology. Some of the major pain points in this industry include compliance issues, handling vast amounts of data, fraudulent claims activity, limited growth in mature markets, third payment transactions and inefficient exchange of information. The insurance industry has been in existence for centuri ..read more
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Pros of Blending Artificial Intelligence and Blockchain
Blockchain flash news
by Roxana Florea
4y ago
Artificial Intelligence is a practice or rather a theory of making machines able to perform tasks as humanly as possible. To make AI work at its best, programmers need to make use of deep learning, neural networks, and machine learning as well. However, researches have shown a recent and growing trend. We need to integrate blockchain with Artificial Intelligence to achieve more efficiency and security. Let’s shed light on a couple of reasons as to why it is important to merge the two techs. Tracking and understanding Artificial Intelligence is insanely efficient than humans. While we ..read more
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How Blockchain Changes Digital Marketing | Power to connected people
Blockchain flash news
by Barbora Juhaszova
4y ago
Blockchain and distributed ledger technologies are affecting industries all around us: finance, insurance, real-estate. The next target is digital marketing. While using blockchains is not a cure-for-all solution to the current problems of digital marketing, it has a huge potential for cutting down middle-man and complexity. Goodbye middleman! Many powerful middlemen currently handle digital advertisements. Website owners and companies looking to advertise rarely communicate directly with each other. Instead, they turn to services like Google AdSense, which makes sure that a credible ..read more
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Huawei Among the Leading Technology Giants Investing in Blockchain
Blockchain flash news
by Roxana Florea
4y ago
Huawei is among the leading technology giants with its wide range of products. The company has been a principal investor in blockchain technology. In 2016, it joined Hyperledger. The open source platform is hosted by Linux Foundation and is among the best of its kind. Huawei plays a significant role in maintaining the Hyperledger and is the only company from Asia to hold such a responsibility. Huawei Cloud According to the official website, this service which was launched in November 2015 helps developers and global enterprises to manage, create and deploy blockchain applications a ..read more
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Bank of America Has More Than 50 Blockchain Patents
Blockchain flash news
by Nica Tudor
4y ago
Bank of America is the 2nd largest financial institution in the US and one of the earliest adopters of blockchain technology. The bank has patented more than 50 ideas on the blockchain space which is the highest at the moment among banks. The big question is, will BofA utilize all these patents or will it just lock competitors from realizing the full potential of the crypto space? Wire Transfers Using Cryptocurrency patent Its first application was recorded as “Wire Transfers Using Cryptocurrency.” The patent application did not mention the use of blockchain technology, but it is obvi ..read more
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An Update on Recent Crypto Regulatory Developments Around the World
Blockchain flash news
by Andrea Bianconi
4y ago
The beginning of the year has brought some important regulatory news for crypto from the US, the UK and the EU. USA In the crypto-friendly and dynamic US State of Wyoming, two new legislative bills have been filed in January. The first one aims at classifying digital assets as “intangible personal property” within the applicable Uniform Commercial Code as well as introducing an opt-in framework for banks to provide custodial services for digital asset property. The second one proposes to allow Wyoming corporations to issue “certificate tokens” and substantially recognizes “certi ..read more
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How Does MasterCard Use Blockchain?
Blockchain flash news
by Nica Tudor
4y ago
Mastercard is one of the biggest payment platforms in the world. The company has not been left behind by the technological wave as it has been exploring various innovations to make its processes better and more efficient. The blockchain technology is one of its best explorations so far. The company even patented an idea that partitions a blockchain to allow it to store transactional data in various types and formats. Mastercard aims at using the blockchain technology in the following areas. Identity verification One of the biggest challenges that face international payment platforms ..read more
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