The post [Guest Post] Empowering Developing World by Developing Power of Blockchain appeared first on CoinReport.
Over the past year and a half, society has started to come to grips with how certain industries treat women. Scandals first rocked Hollywood. Then came the Vanity Fair article late last year exposing bias and abuse in the tech industry. “It’s time to fight back against prejudice and perception, ” said the founders of Crypto Invest Summit, Alon Goren, and Josef Halom.
Therefore, the Crypto Invest Summit has put special emphasis on highlighting how innovative, passionate, and powerful women help to drive the revolutionary world of blockchain.
In 2009, Satoshi Nakamoto, the mysterious founder of Bitcoin, released a white paper proposing a radical shift away from prevailing fiat money transactions. Nakamoto begins the white paper with an abstract,
“A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.”
We have long recognized that in order for cryptocurrency to reach mass adoption, a form of cryptocurrency that has higher price stability than existing cryptocurrencies like BTC and ETH would be needed so that people can use the currency to store funds and engage in commerce without worrying about their monthly salary dropping by 57% between the time they receive it and the time they can use the money to buy products. Unfortunately, we’ve found that the existing stablecoins all have various flaws; Tether is unauditable, Nubits has already once collapsed in price, Seignorage Shares is after three years still just a whitepaper and MakerDAO is an inadequate joke because…. reasons. As a result, we’ve decided to take matters into our own hands, and issue our own officially branded stablecoin, and use this as an opportunity to make another ICO.
The blockchain is taking China by storm as companies in the country are lining up left and right to file patents related to the emerging technology — despite the country’s crackdown on ICOs, cryptocurrency mining, and trading.
Will China Lead the World in Blockchain Technology?
Chinese companies are taking blockchain technology very seriously.
According to data sourced from the World Intellectual Patent Organization by Thomson Reuters, more than half of 2017’s 400 blockchain-related patent applications came out of China. For comparison, the United States came in second with 91 applications.
Blockchain technology’s immense potential, while well-documented, continues to get lost in the hype surrounding the increasing value of cryptocurrencies and the oft-astronomical raises of initial coin offerings (ICOs).
Though it has ushered in one the most disruptive technologies in decades, the distributed ledger movement remains in its infancy stage, relative to its potential application and scalability.
The healthcare sector, however, is one area where robust conversations about distributed technology applications are occurring at an accelerated pace. Now, a fast-moving startup firm known as TrustedHealth is blazing a new path toward securely digitizing and decentralizing the way patients seek treatment for specific conditions.
However distant it may seem, powerful quantum computers have the potential to ruin cryptocurrency, and developers are already devising solutions.
As a college student, I often ask myself about where I stand amidst the overarching reach of our institutions and the demanding responsibilities of public life. While many everyday actions seem impermanent – or overshadowed by the immensity of the collective – I have been thrown into a circumstance where I have regained my status as a genuine individual. In the world of crypto assets, I have never felt so defined and well-placed.
[Editor’s note: The following article is an op-ed by Antonio Grumser, an undergraduate student at Georgetown University and co-founder at Potomac Crypto Capital LLC.]
Well-known crypto companies such as Coinbase, eToro, CryptoCompare, CEX.IO, BlockEx, CoinShares and CommerceBlock have recently announced the creation of CryptoUK. As stated on their official website, CryptoUK is a self-regulatory trade association established to promote higher standards of conduct. But why should these obvious competitors and big players unite? And is this becoming a trend?
Of course, their primary goal is perfectly clear: CryptoUK wants to lobby the U.K. government on behalf of their interests and to influence the market.
Go Help Fund provides a faster and smarter way to donate and raise funds, allowing to facilitate change far more effectively.
We live in a time when the world is facing its worst humanitarian crisis since the end of World War II that have serious impacts at national, regional and international levels – Poverty, natural disasters, violation of human rights, terrorism. There is an increase in frequency, complexity, and severity of natural and man-made disasters globally. Given humanitarian needs far outstrips funding for life-saving aid, fundraising is becoming an increasingly important issue. According to statistics, 3.2% increase in charitable giving is expected this year, compared to 2017. It is a highly controversial question whether or not traditional payment methods are still effective in helping the international community to respond to violations immediately.