The economic background, the modern society’s state of mind, and the technological progress altogether gave rise to a new concept — sharing economy. It is an economic model centered around the shared consumption of and usage of goods and services, a move away from actually owning things to renting them when needed. Generation Z is eager to feel free from the bonds of outside world. Now people prefer mobility to the benefits of settling down at one place. This new industry rarely sees a blockchain-powered solution: most of them are ironically traditional and centralized. This, however, is about to change with Vanywhere, a startup that uses blockchain to share expertise just like rides in Uber.
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TOKENGEN, the First Component of the Fabric Token Ecosystem, Provides a Simple and Intuitive Web Interface, Allowing Anyone to Create Smart Contracts for the Token Economy Without Any Programming Knowledge Needed.
TokenGen, dubbed the ultimate smart contract generator for the token economy, has been released in live demo mode by the Fabric Token team for users to test – https://fabrictoken.io/tokengen-live-demo/.
Like a car accelerating onto a highway on-ramp, the trajectory of blockchain technology continues to move at a rapid pace. Amid talk of crypto price volatility and initial coin offerings, a number of promising distributed applications continue to take shape, disrupting the landscape.
One novel initiative being curated in the nascent blockchain space involves the field of transportation and mobility, where owners of private vehicles can rent them out on a just-in-time basis without logistical concerns about keys or communication with users.
While the central banks of some countries are hoping to be a part of the virtual currency revolution, the Bank for International Settlements (BIS) is concerned about the repercussions of going digital.
A cashless society is definitely the way of the future, a future that some governments and banks are trying to be a part of. Central bank digital currencies (CBDCs) may be an abomination of decentralized cryptocurrencies, but it is happening.
As various countries around the world consider launching a state-issued cryptocurrency of their own, Switzerland gets on board with the idea — in an effort to maintain its status as the crypto capital of the world.
‘It Would Be Good for the Economy’
According to reports, Swiss stock exchange chairman Romeo Lacher has strongly suggested the country issue a cryptocurrency version of its fiat currency, the Swiss franc, in an effort to boost the local economy and accelerate the disuse of cash. Lacher told the Financial Times:
Getting new users into the digital currency space is one of the biggest problems faced by the community at large today. Most new investors don’t know what they’re getting into, but Saifu is looking to streamline this process.
On-Ramping New Users
Bitcoin and cryptocurrencies are becoming more popular by the day, as is made evident by the increasing number of users across networks and mainstreaming in the form of futures trading and hedge funds. While this is a very good thing for adoption, cryptocurrencies are still in their infancy. Most people don’t know a lot of important information needed to stay safe in this incredibly volatile market.
Bitcoin and cryptocurrencies had a year of exceptional growth in 2017. The cryptocurrency market cap managed to surpass the valuation of $ 638 billion and many experts believe that it will further increase.
The Cryptocurrency Job Market
2017 was one of the most exciting and interesting years for the cryptocurrency market. Bitcoin and Ethereum had a spectacular bull run and managed to make huge gains for investors and traders. We also had a huge number of Initial Coin Offerings and a record-breaking amount of funding. ICOs managed to raise over $ 3.7 billion in funding for blockchain and cryptocurrency-related projects. Most of these startups were successfully able to raise their funding goals and are now on a hiring spree.
MakerDAO has been working towards creating a cryptocurrency that will support a stable, decentralized digital global economy. The result is Dai, the first fully-decentralized stablecoin on Ethereum.
MakerDAO was formed three years ago with a big vision of creating a stable, decentralized digital global economy. It has worked its way out of the grassroots to finally launch Dai, a promising cryptocurrency that promises stability in currency valuation.
Understanding Dai’s Valuation
Dai is currently worth 1 USD. It is designed to have low volatility against the world’s leading national currencies, such as the Euro and USD. MakerDAO has two mechanisms to ensure that this happens.
A lot of countries around the world are still struggling to boost the number of available jobs. If those numbers do not increase, economies can not recover from the 2007 financial crisis, which is not an ideal situation. Unfortunately, there are some factors that hinder the job market growth, such as additional taxation and red tape on jobs.
The year 2016 is around the corner and a ton of people are preparing their New Year’s resolutions. One of the topics on everybody’s list will be how they can improve their current financial situation and how they will go about doing so. There are a few simple things anyone can do without too much effort although some necessary research will be required.