Facebook recently announced a “blockchain powered currency” called Libra which appears to be a potentially game changing development in payments. Although there is scepticism and uncertainty, Facebook’s Libra initiative is something to be encouraged and applauded. With the caveat that FB needs to be watched very carefully as it has over the years proclaimed in its various mission statements that it wants to “move fast, break things, build things and add stable infrastructure”.
The U.S. legislative body has set congressional hearings after several lawmakers raised concerns hours after social media giant, Facebook, announced its entry into the digital currency market via Libra.
For those who are unfamiliar with the term, blockchain works as an incorruptible digital ledger that records various transactions, which have taken place in a particular asset, whether it be cryptocurrency or smart contract.
Since its introduction in 2009, Bitcoin and other cryptocurrency types have changed the financial world as a whole. Due to the limitless capabilities and untapped potential of the blockchain technology,… read more →
After a lot of media hype around various cryptocurrencies last year, blockchain seems to have disappeared from the public imagination again. That said, in the background, it continues to shape… read more →
Before there was software available for people to do their taxes, there was only one way to submit a tax return – on paper. After some time, the number of… read more →
Bitcoin is a technological revolution but it is much more valuable as an economic revolution than a computer science project that developers update and change every few months. We spoke… read more →
If you spend more than a few minutes watching or reading financial news nowadays, you’re probably going to encounter the cryptocurrency craze. There’s no shortage of pundits advising you to… read more →
56% of businesses see advances in technology as something that enables growth, and 42% as a necessary investment, according to participants at the LME Metals Seminar in London this week.… read more →
You’d have to have been hiding under a rock for a long time if you had not heard about Bitcoin by now. The revolutionary financial innovation is taking the world… read more →
Proposed solutions for the current lapse in legal governance for blockchain-based trade finance Blockchain-based trade finance awaits one crucial component before it can fully realize its disruptive potential: the legal… read more →
Companies that push the envelope, particularly those based principally in technology, continually need to optimize their operations and the security of those operations. Lately, blockchain technology has been touted as… read more →
Blockchain may be a number of things but above all else it is certainly an enigma. From the perspective of a Treasurer there is going to be a series of… read more →
The modern digital world has changed everything around us. Specifically, if we talk about the inception of digital currency, it is fair to say that it is replacing many conventional… read more →
The “bitcoin mania” – referring to the tulip mania of the seventeenth century – has lost its momentum. However, what should really be looked at is the technology behind the… read more →
