Tag Archives: Blockchain Application

Key Issues Hindering Blockchain’s Mass Adoption

                  By David Drake   Since its inception, blockchain has experienced significant growth with tests and trials being conducted in different sectors. Its popularity has been based on its ability to provide ¬†transparency, security and transaction tracking solutions. However, despite the increased popularity of blockchain benefits, mass adoption of the technology remains […]

China Surges Ahead of US and South Korea in Blockchain Use

  by David Drake   China has become one of the largest supporter of blockchain technology. Even so, it is well known for steering clear of cryptocurrency trading and mining. According to information provided by the World Intellectual Property Organization (WIPO), China holds 50 percent of all blockchain related patents. Two-thirds of the most influential companies globally within this sphere […]

Why Blockchain Technology is Not Ideal for Commodity Trading

                  By David Drake   Blockchain has been hailed as the technology that could alter the way businesses run across the globe. Its potential has attracted developers across different sectors and encouraged development of solutions to problems such as portfolio optimization by LiveTradr, digital coupon marketplace for Qupon, security of social interactions […]

Cryptocurrency Ban: Will China’s Blockchain Ambitions Force it to Rethink its Decision?

  By David Drake   China, is probably the only country that supports blockchain technology but is unwilling to embrace cryptocurrencies. Early this year, this Asian country banned crypto-related activities due including initial coin offerings (ICOs) and trading of cryptocurrencies. This move, alongside crackdowns on cryptocurrency trading were associated with the market crash experienced at the beginning of this year. […]

What is Hindering Blockchain Adoption in the Commodity Market?

  by David Drake¬†¬†   Blockchain has largely been seen as the technology that solves inefficiencies in businesses, reduces the risk of fraud and improves transparency. As such, commodity banks and companies have been tapping into the distributed ledger technology and piloting trials over the last 2 years. Blockchain utilizes a distributed database that is able to process transactions and […]