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It’s a question many of us have been asking, as we watch new ICOs and cryptocurrencies pop up every day: do they really need a blockchain to do that? Fortunately there’s a white paper, written by academic computer scientists, which answers this question. The paper is written by Karl Wüst and Arthur Gervais, who work…
Read More Do you need a blockchain? Yes, if you’re an Open Web advocate
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In my interview yesterday with Rod Drury, CEO of global accounting software company Xero, we discussed the pros and cons of blockchain technology from a business context. According to Rod, blockchain is most useful “when you have multiple strong actors that make up the entire network.” He thinks there are opportunities to use such blockchain…
Read More The case for permissioned blockchains
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We’re seeing regulators all across the world start to step in with cryptocurrencies, which is causing uncertainty in the entire blockchain ecosystem. After all, if cryptocurrencies aren’t seen as legitimate, and many blockchain startups rely on coins and tokens in order to function, then a lot of blockchain startups will run into problems gaining traction.…
Read More Bank crackdowns & thoughts on working with banks
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An ICO (Initial Coin Offering) is a new way for startups, particularly blockchain-based ones, to raise money. It’s an ingenious method of both raising money and incentivising people to use your product. The problem is, ICO valuations have risen to absurd levels. Also many ICOs don’t bear close scrutiny, which will be a problem when…
Read More ICO crackdown likely in 2018
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If you look past the incredible hype around blockchain and cryptocurrencies at the start of 2018, you’ll see a relatively immature technology platform. Some have likened the current state of blockchain to the mid-1990s, when early Web businesses were trying to emulate the offline world on the new-fangled WWW. The implication being: blockchain is potentially…
Read More Blockchain in 2018: pros and cons