A guest blog by Bernard P. Wess, Jr. In a recent article in McKinsey Digital, McKinsey ranked the value of blockchain technology by industry across two dimensions: Impact and Feasibility. For the healthcare industry, the value and feasibility were racked nearly average and for the technology, media and telecom industries the value and feasibility were…
Category: Blockchain & Cryptocurrency
Guest Blog: A Look at How Traditional Capital Continues to Boost the Crypto Market
A guest post from the Blockchain Industry Group (B.I.G.) The cryptomarket experienced record adoption in 2017 as for the first-time in history; BTC was featured in the media alongside positive headlines. It was this change in public opinion that eventually pushed the original cryptocurrency from around a market value of $1000 a BTC in January,…
Is the Blockchain Right for Your Business?
In today’s technology-saturated world, businesses face some tough decisions. What technologies will yield the greatest ROI? What business solutions are most pertinent to our company and customers? What technology initiative will help us stay relevant and competitive? While such questions are difficult to answer regardless of circumstances, they become complicated by the fact that businesses…
Systems Integration and Blockchain – A New Approach to Building an Enterprise Data Platform
Since the beginning of 2018, dozens of Fortune 100 companies have started to adopt blockchain technologies. The blockchain market is expected to grow to $8 billion by 2022 with new applications for this burgeoning technology launching at an increasingly rapid rate. Blockchain is the technology behind bitcoin, but those focusing on cryptocurrency are just scratching…
4 Key Steps for Planning a Successful ICO
Don’t let the numbers fool you: planning a successful ICO is no easy feat. While there has been a flurry of ICO activity over the past year, the fact remains that the vast majority of token sales don’t reach their cap, and more than 50 percent barely get over their minimum threshold. Even so, many…
Forget Bitcoins, It’s All About The Blockchain
Anyone paying attention to the cryptocurrency market this week would agree that, for all the hype it has generated over the past year, it remains rather volatile. The value of Bitcoin plunged to $10,000 – a 50 percent drop from its 2017 peak – while other currencies, such as Ethereum, Ripple and Litecoin, have experienced…
Will the Enterprise of the Future be Built on Smart Contracts?
As the infrastructure surrounding cryptocurrencies develops, smart contracts could become an increasingly common way of implementing transactions. Let’s begin with an example. Assume that your company has an agreement with a website that it will publish your advertisement on its site and you will pay them $100 for every 100,000 impressions. The smart…
How Cryptocurrencies are Affecting Traditional Markets
In December 2017, the cryptocurrency market value surpassed $500 billion for the first time – an increase of more than 2,700% when it was just $17.7 billion at the year’s start. Furthermore, cryptocurrency trading platforms within the global market have reported adding more than 100,000 users per day, causing Binance – the global market’s largest…