Blockchain Adoption

While everyone is discussing crypto regulations in the U.S., Russia, or China, other countries are tip-toeing towards total crypto adoption. For instance, the United Arab Emirates (UAE) is preparing to issue federal licenses of virtual asset service providers (VASPs). The new legislation should come into effect by the end of Q1 2022. Above all, it should transform the country into a crypto oasis in the Middle East. A Surprisingly Friendly Approach to Crypto According to a Bloomberg report, the UAE’s…

Over the years, cryptocurrencies have been a hot topic worldwide. Also, many people invested heavily in digital assets, generating millions of dollars in return. As a result, the crypto industry has developed into a trillion-dollar market. Nevertheless, many people still need help to enter crypto due to its many confusing terms. For instance, some need to learn the differences between blockchain and Bitcoin. And who can blame them? Bitcoin is a cryptocurrency but also a blockchain. However, the blockchain is…

Standard Chartered has launched a joint initiative with Linklogis. The latter is a promising blockchain finance tech solution from China. Together, they are building Olea, a trade finance origination and distribution platform. The two firms have worked on developing the new digital trade finance platform. Furthermore, the platform leverages blockchain technology. This platform aims to give institutional investors an alternative asset class. Their plan is to lure in businesses that require supply chain financing. The platform should be operational by…

Disruptive technology is the type of tech that radically changes the way consumers, businesses, and entire industries operate. Blockchain technology is one of the most disruptive technologies of the 21st century. It has completely revolutionized banking by eliminating 3rd party intermediaries like banks and money transfer firms with its peer-to-peer transaction support. No one would have thought of a day when banks aren't needed in the financial world. Consequently, customers have taken note, with adoption rates rapidly picking up. Yet…

About three decades ago, there was the inception of the dial-up-internet, then came the internet era, and now, the blockchain revolution is here with us. Today, about nine out of ten Americans use the internet, but a fascinating recent invention is the blockchain, the principal technology behind cryptocurrency. Still in its initial stages, mainstream blockchain adoption may be some years away. Nevertheless, some claim that its adoption will be as revolutionary as the internet. Over the years, many people have wondered…

Singapore appears to be taking a step closer towards massive blockchain adoption, according to the latest reports. Today, local news revealed that the Singaporean government had launched a blockchain program called Singapore Blockchain Innovation Program (SBIP). The blockchain program is backed by Enterprise Singapore, the Infocomm Media Development Authority (IMDA), and the National Research Foundation Singapore. $8.9million Grant Made Available For Blockchain Research SIBP was launched with an $8.9 million grant and aimed to strengthen the country’s blockchain infrastructure. SIBP…

The global fintech worth is estimated at $4.7 trillion, with over 12 thousand fintech startups open globally. Due to its innovative networks, software, and hardware, fintech has captured millions of clients globally. However, any fintech startup faces serious challenges that the already existing financial systems have already faced, thus having a competitive advantage.  How can fintech startups take advantage of blockchain technology that has been in existence for quite some time? Here are six reasons why every fintech startup should…

Blockchain technology has been developing at an impressively fast rate. Various industries worldwide are shaping their narrative by using blockchain technology to suit individual qualities and needs. About 12% of the energy and resources industries around the world are using blockchain. Other sectors, such as media companies, adopt blockchain to enforce digital rights and payments to content creators. Blockchain adoption in Latin America and Africa has been off to a slow start, but these regions are now catching up to…

Since its debut in 2008 and Bitcoin's introduction, blockchain technology has achieved new heights daily. It incorporates the use of a decentralized ledger for information storage. With its infiltration into industries globally, companies see more benefits that blockchain technology offers. Security and ease of transactions and record-keeping are getting better with more innovations applied to the technology. Art has been around for a long time and is depicted in many forms. The richness contained in the sector requires the preservation…