Building Blocks: 5 Reasons Governments Should Embrace Blockchain Technology

Over the past number of years, the perceived potential of blockchain technology has been slowly decoupled from the volatility of the crypto market, with household name companies endorsing the technology and exploring Distributed Ledger Technology (DLT) applications.   While the involvement of mainstream enterprises is a significant seal of approval for this nascent technology, the involvement of government departments will be pivotal in facilitating widespread adoption, and yielding positive outcomes for businesses and citizens alike.   #1 – Address longstanding inefficiencies and protracted processes   Blockchain technology continues to be…

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Blockchain Distributed Ledger Technology- How Does it Benefit a Business?

Well, the practice of using ledgers for record keeping is not new. Rather, it’s as old as the concept of bookkeeping itself. And, in spite of the increasing variety of complicated DLT in use, the good news is that the essential architecture is not that tough to comprehend.   A distributed ledger is a databank that is spread across multiple locations, commonly known as nodes. Alterations to a distributed ledger entail multiple strides of verification by the nodes. Once a ledger entry is authenticated by a major accord of the…

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Recent Trends & Activities in the Blockchain Distributed Ledger Industry

  When Bitcoin was discovered in 2008, a new concept was introduced to the world – the blockchain technology. Promising to make an impact on every industry including finance, IT, government, retail & e-commerce, media & entertainment, automotive, and more, it is all set to revolutionize the world. And interestingly, this revolution has already begun. Many large-sized organizations across the globe recognized the true potential of the technology. Some other organizations are still exploring it and are likely to progress fast as the technology is becoming more mature.   So,…

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Revolutionizing the Travel Industry with Blockchain Technology

Berlin, Germany / The travel industry is about to be revolutionized with blockchain technology, the Future of Tourism – TravelerToken Imagine a world where you can travel to any country you like hassle-free, without having to worry about carrying foreign currency, poor conversion rates, or the hefty services fees. Imagine a decentralized system that connects both travelers and the service providers, ergo eliminating all unnecessary costs and allowing you to spend more on the experience and less on the intermediaries.       Spend Less, Travel More   Such is the…

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