Bitcoin Magazine, 1/1/0001 12:00 AM PST The world of gaming is changing, with many games now integrating digital currencies into their platforms using the blockchain. One example... The post Spells of Genesis Soft Launch Pairs Enhanced Gameplay With Advantages of Blockchain Tech appeared first on Bitcoin Magazine. |
Forbes, 1/1/0001 12:00 AM PST The investment into Polychain Capital signals the view of players in the bitcoin and blockchain industry that multiple digital assets will flourish in the future and potentially disrupt the likes of Facebook, Twitter and other networks. |
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Business Insider, 1/1/0001 12:00 AM PST This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here. Likely in a bid to boost adoption and awareness, blockchain consortium R3 made its Corda platform open source last week. And on Wednesday, both IBM and Digital Asset Holdings, a blockchain startup backed by JPMorgan and Goldman Sachs, revealed their own plans for driving use of the technology. This suggests that we are rapidly moving beyond the hype and into the adoption stage when it comes to blockchain. Both IBM and Digital Asset Holdings have focused on promoting a particular blockchain product:
Digital Asset Holdings might be in a better position to win market share first. Its platform was developed specifically for the financial services industry, and it's already in the process of using the platform to build live products for two major clients. Being first to market might give the company an advantage if its products prove successful, as financial firms will be more attracted to proven solutions. Blockchain technology, which is best known for powering Bitcoin and other cryptocurrencies, is gaining steam among finance firms because of its potential to streamline processes and increase efficiency. The technology could cut costs by up to $20 billion annually by 2022, according to Santander. That's because blockchain, which operates as a distributed ledger, has the ability to allow multiple parties to transfer and store sensitive information in a space that’s secure, permanent, anonymous, and easily accessible. That could simplify paper-heavy, expensive, or logistically complicated financial systems, like remittances and cross-border transfer, shareholder management and ownership exchange, and securities trading, to name a few. And outside of finance, governments and the music industry are investigating the technology’s potential to simplify record-keeping. As a result, venture capital firms and financial institutions alike are pouring investment into finding, developing, and testing blockchain use cases. Over 50 major financial institutions are involved with collaborative blockchain startups, have begun researching the technology in-house, or have helped fund startups with products rooted in blockchain. Jaime Toplin, research associate for BI Intelligence, Business Insider's premium research service, has compiled a detailed report on blockchain technology that explains how blockchain works, why it has the potential to provide a watershed moment for the financial industry, and the different ways it could be put into practice in the coming years. Here are some key takeaways from the report:
In full, the report:
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The choice is yours. But however you decide to acquire this report, you’ve given yourself a powerful advantage in your understanding of blockchain technology. |
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