Author Archives: David Drake

Why Crypto Exchanges are Experiencing Low Trading Volumes

  By David Drake   The market capitalization of $600 billion that cryptocurrencies began with in 2018 shrunk significantly to $138 billion by the end of the year. Crypto exchanges have subsequently recorded an all-time low in trading volume at the start of 2019. Some of the most prolific exchanges like Binance, OKEx, Gemini, and Coinbase experienced huge drops in […]

How Blockchain Can Make it Easier for the Gaming Industry to Level-Up

  By David Drake   If blockchain was ever going to disrupt any industry, it would be gaming. Populated by technology whiz-kids and millennials, blockchain will only add further appeal to an arena that’s already appreciative of innovation. The entire spectrum of gaming is conducted by online communities. Already, mega-games require the use of digital coins. These are often bought […]

Beyond Ports and Shipping Companies, TradeLens is Now Capturing Government Interest

  By David Drake   The blockchain-backed shipping platform developed by IBM and Maersk, TradeLens, is increasingly becoming a household name in the shipping industry. Just recently, another huge project was added to the platform. According to a financial media in Russia, Kommersant, the country’s Transport Ministry has announced plans to run trials on TradeLens as a shipping solution. TradeLens […]

The Real Reason Cryptocurrency Exchanges are Registering Low Trading Volumes

  By David Drake   The cryptocurrency industry experienced a tough year in 2018 and this seems to be rolling over to 2019. Recently Diar, a crypto and blockchain research-based organization, reported that crypto exchanges trading volumes were at their lowest in January 2019 compared to two years ago. At the same time Binance, the world’s leading crypto exchange, registered […]

Will Blockchain Alter the Global Gaming Industry?

  By David Drake   Gaming is emerging as one of the most attractive industries for blockchain application. Just this week, Ripple, a cryptocurrency company, announced that it is launching an ambitious project that will see blockchain technology integrated in video games. In what appears to be an impact investing model, Ripple has announced that it is setting up a […]

How Western Union Could Inspire Mass Crypto Adoption in 2019

  By David Drake   The international money transfer has continuously been a growing industry since it first entered the market in the 19th century. The wire transfers are significantly faster compared to traditional banking methods and are available in most geographical locations around the world, making it possible for customers to send money in hundreds of currencies. With the […]

Will Innovative Gaming Solutions Integrate Distributed Ledger Technology?

  By David Drake   Gaming is one of the industries that has experienced steady growth over the years. In 2018, the industry generated about $134.9 billion in revenue, an increase of over 10% of 2017 revenue. In the US market, the total revenue from this market was estimated to be about $43.5 billion, with software purchases accounting for 82.4% […]

How Blockchain Could Boost the Performance Transport and Logistics Sectors

  By David Drake   Across sectors, companies are progressively depending on technology to reduce costs,  increase efficiency in processes and improve transparency. As an emerging technology, blockchain seems to be providing all these aspects. This has seen industries across board develop interest in blockchain due to its ability to solve problems relating to storage, security and transparency of transactions. […]

Will the Gaming Industry be the Next Big Frontier for Blockchain Adoption?

  By David Drake   Initially designed to power bitcoin, blockchain technology has spawned a wide range of uses hitherto not conceivable to many. Today, the technology has found application in almost all aspects of our daily lives, from healthcare, shipping, finance, to education, entertainment and much more, to earn the term ‘the Internet of Value’. Beyond these sectors, the […]

Will the Gaming Industry be the Game Changer in Blockchain Adoption?

  By David Drake   Adoption of blockchain technology has been rising gradually in different sectors. Beyond the financial sector, several companies in the logistics, shipping, legal and manufacturing sector have started applying the technology to develop innovative solutions to problems they face. But it is the gaming industry that has recently emerged as a strong blockchain adopter. Increasingly, gaming […]