At this point, it’s pretty clear that Blockchain technology has a potential to change the world as we know it. Already, there exist Blockchain applications that are testing out different innovations built on this revolutionary technology. In fact, a new report from Deloitte (an audit and consulting firm) indicates that Blockchain technology is set to be a critical ingredient in building consumer packaged goods. Basically, the report illustrates that there are over 50 use cases where Blockchain’s potential in the consumer packaged goods will have the most impact and that we might just be at the precipice of Blockchain becoming the operational standard of financial, consumer and manufacturing industries.
Invest in Blockchain or fail
With that in mind, it seems like the next five years are set to be a tipping point for most industries. The report further mentions that it’s a high time for businesses to start integrating this nascent technology into their systems or risk failing altogether.
Obviously, there is no need to re-invent the wheel. Already there are innovative solutions in the crypto space waiting for businesses to come onboard and build their own Blockchains with tailor-made business strategies depending on a variety of objectives. One such Blockchain platform that contains all the necessary tools and software for businesses to built supply chain platforms, smart contracts for high-quality money integration systems is Stellar Lumens.
Is Stellar the future of Blockchain?
Well, if you are talking in terms of connecting bank payments and building Blockchain enabled systems that move money quickly across borders while also allowing developers to build custom API; then you have to put Stellar in the picture. Stellar is an affordable alternative for businesses that want to integrate Blockchain technology into their systems.
With Stellar Lumens, you can send money across borders at almost no cost and within the shortest time frame. In fact, you can easily bypass costly forex exchange fees as the Stellar platform is built to accommodate different currencies as well. Instead of the usual 3 to 5 business days, you can transact within seconds thanks to stellar decentralized network.
In case you want to integrate Stellar’s Blockchain network into your own and configure the system with a customized decentralized network, it gets even easier as stellar avails all the tools your developers will need for free. Yes, that’s right; Stellar offers tools and software not to mention adequate documentation for integration of Blockchain into your system at no cost.
Stellar eradicating poverty
Basically, Stellar’s mission is to connect people to affordable financial services as a move to fight poverty and increase the potential of individuals across the globe. The platform is run by a non-stock nonprofit organization that covers its operational costs with 5 percent of the Stellar Lumens XLM coins and tax-deductible donations from the public.
In the long run, when it’s all said and done, businesses will have to adopt Blockchain technology so as to be able to provide the most efficient service to the consumer. As it seems, Blockchain technology is already at the forefront of creating efficiency in a variety of industries. Businesses that integrate Blockchain technology will not only be able to offer quality service at the lowest cost but will also increase transparency and accountability in their systems.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors. The goal of the platform is to help newcomers shorten their learning curve,…
CoinFlip Scores Big with BRD Wallet Partnership
As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible. While many crypto users are extremely tech oriented, a lot of those on the sidelines are not. The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above. In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country. Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.
In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map. Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells. BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit. The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.
Cryptocurrencies are already making a huge difference around the world. Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…
Cryptocurrency Collateralized Debt Positions Are Growing in Popularity
While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle. Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance. One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess. That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS. These projects have managed to find a foothold in the market and have a better chance than most of staying there. While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.
What is a Cryptocurrency CDP?
In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount. There are several examples of this in our day to day lives. Auto title loans from large companies like TitleMax are extremely popular with consumers. Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has. The consumer can continue using their car as long as debt payments are made.
The same concept applies to cryptocurrency CDPs. Consumers are able to put up crypto tokens, such as…
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