It Will Take Bitcoin BTC Less than 25 Years to Establish Itself as Premier Money

It Will Take Bitcoin (BTC) Less than 25 Years to Establish Itself as Premier Money

It is estimated that Gold might have been in use as an acceptable medium of exchange in Africa circa 1500 B.C. The use of Gold as a store value in international trade is both prolific and winded, culminating in the establishment of the Gold standard in 1945. It has therefore taken thousands of years for humanity to accept Gold as premier money. Now, Bitcoin enthusiasts believe it will take less than a quarter of a century for Bitcoin to achieve the same feat.

Critics

Strategic Intelligence’s Jim Rickards, though, begs to differ. Jim, author of Currency Wars: The Making of the Next Global Crisis is a Bitcoin bear. While a Gold ounce today changes hand at around $1,286, Jim believes that Gold has the $10,000 an ounce potential. He nonetheless says take a swipe at Bitcoin saying it is a Bubble:

“It’s clearly a bubble — it looks like the second biggest bubble in history after tulip mania. Although at the rate it’s going it will pass tulip mania, you know, in a matter of days….name your bubble, it’s bigger than all of them.”

Jim is not in denial but is opposed to its price action. He blames the asset’s fantastic price, even after last year’s drop on, fraudulent trade activities. Similarly, like most skeptics he believes that BTC traders are “painting the tape“; trading BTC back and forth in a ramp to increase its price through manipulative activities like wash trading. He goes on saying that Bitcoin could survive a financial crisis thanks to its supposed ill-gotten value.

Why Bitcoin Will be Premier Money in 25 Years

Even so, most Bitcoin believers associate Bitcoin’s prized value to the coin’s fantastic programming. They love what the token stands for, though those two reasons really cannot dictate BTC’s worth. However, if you combine its marvel architecture, its utility and scarcity values, the pioneer digital asset is straight up, new age Gold.

Economics says that value is a product of utility and scarcity. Bitcoin has a 21 million coin cap meaning that unlike Gold, there’s not going to be a Gold rush, albeit a digital one. There are similarly no hidden treasure troves of BTC awaiting discovery that could cause an influx and crash in price.

Tom Lee, Fundstrat Global Advisors head of research opines that “There are potentially millions of times more Gold underground than actually has been extracted.”Gold is actually becoming easier to mine, thank to technological advances.

Then again, Bitcoin is increasingly becoming market accepted, and supply-demand dynamics is therefore dictating its price. Supports further believe that its pillars of decentralization, security, immutability, divisibility, and its open-source nature. When Satoshi stepped away from it, he allowed the masses to own it. While BTC’s value is not intrinsic, neither is paper money’s or Gold’s. The value currencies have is given to them by their users.

As more businesses like Amazon, Netflix, Facebook or Google rake in billions from digital trust, it, therefore, should be natural that currencies too could evolve and go digital as well. Cryptocurrencies, consequently, could entirely replace Gold.

Bitcoin’s inherent advantages make it most poised to replace Gold in its entirety. Are 25 years too short a time for this change to take place? Maybe not, it’s only taken ten years for crypto to make the vast waves it is making in the financial world.

Original article written by Dalmas Ngetich and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Why you should join Markethive

Inbound Leads are the Best Leads

 

 

If you are an entrepreneur, a business, a shoe store, an affiliate or referral promotor, musician, artist, attorney, teacher, waitress, anything that requires a buyer or consumer or subscriber to something you have or are selling or promoting, then you need a market. Within that market are customers and those customers are often referred to as “leads”.

Did I miss anyone or anything?

Makes no difference if you are selling used cars, an MLM hope and dreams scheme, government secrets, herbal teas, gasoline MPG pellets, organic peanuts, car washing service, baby setting, medical treatment, therapy or trips to mars (via Elon Musk), you need a stream of customers and before they become customers, they were leads.

For Sale or rent or DIY; your business depends on them.

 

Typical sources are friends, relatives and acquaintances, but these classifications runs out very quickly and to achieve an equilibrium of cost, effect and achieving your objective, the holy grail of leads has always been a difficult and often foolish pursuit, until Markethive.

The best relationship for leads is well, a relationship, a kindred foundation, a stream of “associates” who are exclusively connected to and drawn towards your inbound marketing portals, funnels and associations. These type of “relationships” are priceless and when nurtured with an ongoing two way engagement, collaboration  and dialogue, will produce a lifetime sphere of influence. This is the “holy grail” of marketing. This is precisely what the Markethive Entrepreneur program delivers.

Think about it. How many of you consider me your trusted friend, a mentor, even family. Then think about how that relationship evolved, how we got to meet each other, how you found yourself in my sphere. How over time trust developed and now we are long term solid friends.

 

This is Inbound Marketing at it’s best. Markethive develops the best relationship associate level leads from the Entrepreneur program. If you are building a business, selling a service, just creating a large effective collaborative team, then the $100 per month Entrepreneur program is the best option for building your leads.

Superior to trying to tell a story funnel capture pages. Superior to advertising a Facebook group via Facebook ads. Superior to it all.

Give it a try. The best part? For $100 per month, you get over $5000 per month back and realistically, you might even get more than that back for life.

Markethive, nothing like it, anywhere. But here.

Ask yourself this

Would you sign up for a system giving away 500 MH crypto coins and a state of the art marketing system that has sold for $2000 or more per month by a similar platform that just sold to Adobe for 4.75 BILLION dollars?

 

How would you like to own part of Markethive?

Seriously, we have built Markethive to be member driven, not investor driven. Investor driven gives the benefits of the system to the venture capitalist and makes the user a commodity. We are focused on the alternate outcome, you having access to the major benefits in both the functions as well as the inevitable success.

We have made this possible by making one of the benefits of the Entrepreneur program an accrual of investments for you to earn back more than 100% of what you pay into it as shares in the revenue of Markethive.

So we have 2 revenue funding options within Markethive. The traditional crowdfunding using an ICO like system called the ILP. Frankly, the ILP is fair, legal and far more effective as it is based on the revenue of a successful company. So an investor can purchase an ILP or many ILPs that are now in phase 2 and selling for $15,000 per and each represents one share at a maximum of 1000 shares of 20% of Markethive’s revenue.

The Entrepreneur program gives you 8 solid advantages above the core of the system, the Inbound Marketing platform and social network.

The 8 points of upgrade
 

  1. Profile Page turns into lead “associates” capture page
     

  2. 100% matching bonus from the airdrops via your “associates”
     

  3. 10% matching bonus from your direct “associates” upgrade
     

  4. Loyalty Program 12 straight months, we contribute to you a full 10% ILP*
     

  5. Unlimited Banner advertisement in all of our traffic portals
     

  6. Equal share from Markethive’s co-op advertising
     

  7. Traffic Portals seller classification
     

  8. Receive their own ILP site receive matching ILP shadow shares

 

*This article is intended to concentrate on point 4, the transfer of revenue to you the small guy and gal. An easy entry to have possession  of what may become one of the best decisions of your life.

 

So…What if?

Marketo, a vertical Inbound Marketing platform alone (Not a Market Network) recently sold to Adobe for 4.75 billion dollars. Their platform is very similar to Markethives. Marketo delivers the following to their subscribers for a price range between $2k and $25k per month:

  1. Email marketing

  2. Landing pages and forms

  3. Campaign management

  4. Lead nurturing/scoring

  5. Lead lifecycle management

  6. CRM integration

  7. Social marketing capabilities

  8. Marketing analytics.
     

Markethive, an  Inbound Marketing Market Network offers an integrated Inbound Marketing platform that delivers the following for free and even pays incentives to use:

  1. Email Marketing

  2. Landing Pages

  3. Campaign Management

  4. Lead Nurturing and Scoring

  5. Lead management

  6. Customer management and calendaring actions

  7. Social Marketing subscribing and broadcasting

  8. Advanced tracking and marketing analytics

  9. Building group collaborations

  10. Internal focus groups

  11. Paid to learn tutorials

  12. Paid to build incentives
     

Like LinkedIn

Markethive also delivers many commerce portals all integrated within the social network and inbound marketing platform. Making the entire platform and profile pages more interactive and comprehensive in tracking, branding and building each subscribers profile superior to LinkedIns system, including but not limited to profiles with Blogs, videos and images but also resumes, endorsements and testimonials as well as social credit scoring, tracking and seo. All setable to private, or member only or public according to each subscribers wishes.

 

LinkedIn's last published quarterly revenue statement for 2016 showed earnings of 959 million dollars. If Markethive reaches 20% of that target (speculative $191,000,000.00) within 10 years, that will represent a monthly amount per MH ILP share of $63,000 per month per full share and $6,300.00 per month for a 1/10 of an ILP share. For at least 20 years per contract with each contract renewable and transferable.

If you project that number for 20 years the very real and attainable return could be rather incredible at $1,512,000. The is One million Five hundred twelve thousand dollars. And that includes all the other 7 upgraded services.

We are offering this deal of the century to the top active 1000 Markethive Entrepreneur upgrades. For just $100 per month.

Markethive is a commensurable dynamic integrated amalgamation of a social network like (Facebook, LinkedIn) and Inbound Marketing platforms like (Hubspot and Marketo) and commerce portals like (Ebay and Amazon) all in one incentivized, gamified and powerful secure blockchain platform.

Our selling platforms are vertical and we have many of them.

Right now we have 8 commerce type platforms on the list to be built. Here they are with a summary of their services and benefits:

  1. Big Caboodle (http://bigcaboodle.com/)
    A Wix like page builder, were only Entrepreneur upgrades can sell the service and set the price and terms and keep all the revenue via a promo code. Imagine Wix combined with Facebook Groups so collaboration and sharing is integrated. That’s Big Caboodle.
     

  2. Hive Room (http://hiveroom.com/)
    A web and app based conference room utilizing avatar options, payment transfers (think built in wallets), VOIP call in and call out during room broadcasting, live streaming to web pages, social networks and Smart TV Apps, white boards, web browsers and language translators. Only Entrepreneur upgrades can sell the service and set the price and terms and keep all the revenue.
     

  3. About Bitcoin (http://aboutbitco.in/)
    A newsletter article site similar to “Cointegram” and “DailyHODL” were the cost to publish an article or Press Release runs from $150 to over $5000 depending on traffic, size of Twitter account, Telegram account and Youtube account. So totally depends on the Entrepreneur Upgrade members assets as well as Markethive’s to set price. Only Entrepreneur upgrades can sell the service and set the price and terms and keep all the revenue.
     

  4. Beelancers (http://beelancers.com/)
    Anyone can come and buy services from Beelancers (very similar to Freelancers). Only Entrepreneur upgrades can sell. And it is up to the Entrepreneur on how the communications occurs or how and where the transactions are done or what is charged. It is a peer to peer system unlike any of the others.Being part of the Markethive social network, KYC,  transactions and work is validated, graded and publicly displayed.
     

  5. Hive Broker (http://hivebroker.com/)
    A vertical talent portal for voice talent, video acting, imagineering, animation, copywriting, directing, producing and distribution. RE: Distribution Say you have a Youtube channel with 500,000 subscribers, you could set up an account here, get validated, and make your distribution available for sale. Only Entrepreneur upgrades can sell the service and set the price and terms and keep all the revenue.
     

  6. Hive Tube (http://www.hive.tube/)
    Markethive’s video channel similar to Youtube. Advertising is only available through 2 channels. Entrepreneurs get exclusive banner ad placement and Entrepreneur upgrades can sell pre video 10 second ads leading into their own channels at their price and terms, peer to peer.
     

  7. Markethive Exchange (markethive.exchange)
    Markethive’s public exchange will offer top 100 coins of the world and the top 20 paired to the Markethive coin. With the potential Wyoming legislation (Markethive is a Wyoming Corporation) coming, we are very likely to become a financial service offering USDA wired in, wired out and paired to top 10 of our coins for exchange and possibly our own stable coin too. Markethive membership and KYC verification is required to use the exchange. Entrepreneurs can initiate contests with a promo code type system.
     

  8. Hive Stuff (http://hivestuff.com/)
    A premium fulfilment system, you can set up and choose Markethive premiums, like T-Shirts, Hats, Gold Coins, Hoodys, bumper stickers, etc. to run from your WordPress or other sites as an incentive to join, etc. Only Entrepreneurs can access this system

$100 gets you all of this and a lot lot more. Exclusive wonderful amazing leads, state of the art inbound marketing tools, ecocentered traffic portals, and Markethive coins that can and most likely will crest to the moon in record time.

We are a Market Network (next generation social network) that is being hailed as the next major unicorn for the next 10 years according to the following news sites:
 

NFX Alexa Rank:181,144
The Next 10 Years Will Be About "Market Networks"
https://www.nfx.com/post/10-years-about-market-networks

 

Techcrunch Alexa Rank: 1,021
From Social Networks To Market Networks
https://techcrunch.com/2015/06/27/from-social-to-market-networks/

Sharetribe Alexa Rank: 100,760
Why network effects are key to successful marketplace businesses
https://www.sharetribe.com/academy/network-effects-marketplaces-james-currier/

And we will pay you to learn how to market with this juggernaut…
And we will pay you to promote this juggernaut …
And we will pay you to use this juggernaut….
And we will hugely return your Entrepreneur upgrade costs in the form of ownership revenue sharing.

Are you on board? Can you see how easily this will be for you to build a business on? Your business? And that is why Markethive is “The Ecosystem for Entrepreneurs”.

Welcome aboard!

Thomas Prendergast
CEO Founder
Markethive

Register now for FREE: Markethive

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

3 Reasons Why you Need a Blockchain Marketing Strategy in 2019

3 Reasons Why you Need a Blockchain Marketing Strategy in 2019

By Chiradeep BasuMallick

Blockchain is an industry buzzword and a game-changer for financial services. However, its unique and multifaceted applications can also be leveraged by marketers. We discuss how blockchain marketing strategies can help marketers reimagine the customer experience and customers’ expectations.

What Is Blockchain?

Blockchain is akin to the public ledger system, where everyone can see and share material with all users. All records are stored in blocks, gradually expanding into a chain-like formation. Possibly blockchain’s biggest USP is that it is incorruptible, meant only for expansion and amplification, without changing anything. Given its enormous peer-to-peer networking capabilities, blockchain marketing strategies have the potential to be true game-changers.

Just like the internet changed our lives a few decades ago, blockchain carries the potential to transform any transaction pathway — whether fiscal or human — purely based on the revolutionary nature of the technology at work.

"Few outside the tech world are considering future applications for the technology underlying Bitcoin and ether. However, the technology is far more than just an enablement for cryptocurrencies — blockchain represents a new type of protocol, a new way for individuals and companies to connect with each other and have greater control, transparency, and efficiency in all kinds of transactions." ~ John Bates, Director of Product Management, Adobe.

Today, blockchain technology is a disruptive force across industries. In fact, blockchain is geared to impact any business that is heavily dependent on data transactions.

So, How Do You Create a Blockchain Advertising and Marketing Strategy?

If you’re looking to answer this question, here are three ideas to inspire you.

  1. Introducing Innovative Reward and Loyalty Programs
  2. Improving Advertising Efficiency and Audience Selection
  3. Breaking through the Influencer Web

This is just an excerpt of the original article written by Chiradeep BasuMallick. The entire article can be read on the martechadvisor.com site.

Article posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Bitcoin Grinds Higher Will The Golden Cross Send BTC to 6k?

Bitcoin Grinds Higher, Will The Golden Cross Send BTC to $6k?

For the past seven days Bitcoin has been slowly grinding higher and recording higher lows. The trend has clearly been ascending and current bullish price formations, plus the imminent ‘golden cross’, indicate higher moves could be on the cards.

At the time of writing BTC was trading at $5,425 according to Tradingview.com. It equaled the 2019 high of $5,450 a few hours ago and all signals are screaming ‘buy’ on the trading chart website. Market dominance for Bitcoin has also reached a two month high as it rules over the altcoins. All eyes are on the magical ‘golden cross’ which should occur today or tomorrow according to this chart.

When the 50 day moving average crosses the 200 day it is seen as a clear signal of trend reversal. There are three stages to this pattern which is the opposite of the ‘death cross’. Firstly the downtrend must bottom out indicating that selling has been depleted. In the second stage, where we are right now, the shorter moving average forms a crossover up through the larger moving average to trigger a breakout and confirmation of trend reversal. The third stage is continuation of the uptrend and higher prices.

Bitcoin resistance is currently at $5,400 with a second level at just below $5,600 where the 50 week moving average lies. Once these two are broken there is nothing stopping BTC barreling up and past $6,000. The golden cross could well be the catalyst to spark this move.

Crypto analysts are confirming this action with other signals such as a bullish pennant;

Others have looked into the volume of short positions which are very close to being liquidated should Bitcoin push any higher. This would also be bullish and, coupled with a good dose of fomo, could send BTC back to $6,000 very quickly.

Trader and technical analyst ‘Filb’ noted;

“Bitcoin continues to grind up, without sign of there being any leveraged positions being taken up which implies to me that there is aggressive spot buying in this market, which those shorting it cannot stop. This leads us to a scenario where there will be short positions heavily exposed – around 6k shorts are underwater and at risk of being liquidated.”

With others such as ‘Moon Overlord’ adding to the sentiment;

It may not all be plain sailing though as the 50 week moving average may also come into play as it did during the 2015 bear market. Some analysts foresee a bounce off this and back down to the 200 week ma which sits around $3,550.

Either way something big is about to happen with Bitcoin so buckle up and enjoy the ride!

Original article written by Luke Thompson and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Blockchain can be the new paradigm of the net

Blockchain can be the new paradigm of the net

The popularization of blockchain will not depend on the users understanding its operation but on the existence of friendly and effective applications that solve real problems.


Photo: David Shares (edited)

Historically, each paradigm of the internet has had its killer application: before the web, it was email, with the original web it was Google and with the social web it is social networking.

Blockchain represents the paradigm of value (compared to the previous ones that were information and networking), but still lacks a transparent application that facilitates its massive adoption.

The blockchain technology has all the elements to configure the new paradigm of the network, although its future will depend on its ability to become scalable and respond to the demands of users in real time.

The speed to register and validate operations when the user base grows, as well as the security of the transactions, will be the critical factors to determine its viability.

Although blockchain was originally developed as the support for a cryptocurrency (bitcoin), its potential covers a spectrum of activities that transcends the monetary and is projected on areas such as law, politics, creation, security, and administration.

With blockchain, it is possible to replace trust through cryptography, so that it has the capacity to disinter-mediate, guarantee and protect all types of transactions.

Cryptocurrencies and tokens are new ways of representing and managing value on a universal scale, without central authorities and protecting the identity of users. In this sense, it is a model that lends itself to criminal uses, which is not a novelty in the history of Internet technological developments.

The current challenge, common to many other technological innovations, is to protect society from its perverse uses but without thwarting the transformative potential that they entail.

Original article written by Jose Luis Orihuela and posted on the towardsdatascience.com site.

Article posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

The Internet Archive Receives 2500 in Basic Attention Token BAT Micropayments

The Internet Archive Receives 2500$ in Basic Attention Token (BAT) Micropayments

Cryptocurrencies and blockchain technologies are proving to have more uses every day, convincing more people and businesses of the relevance of this revolution.

An example of this is the expansion of Brave, an internet browser built with blockchain tech. The browser integrates its code with a wallet that allows users to reward content creators and receive rewards for their interaction.

Brave Browser is already bearing fruits, growing slowly but steadily. Recently, The Internet Archive shared with its users that it received about $2500 in Basic Attention Token (BAT) tips.

Last week, we hooked up our cryptocurrency wallet to our Brave creator account. Those tiny micropayments that Brave users had tossed into the Archive’s virtual tip jar had accumulated, growing into more than 9k Brave Attention Tokens (BAT) – the equivalent of $2500 USD!

The team explained that they were pleasantly surprised after having initially created the account as a “fun experiment” oriented not only to test a new technology but to support a project that shared a vision similar to that of the Internet Archive.

Brave Browser: How Blockchain is Disrupting the Ads Industry

The company evidenced how blockchain technologies can change the way many industries are structured. According to The Internet Archive, Brave Browser took the first step towards the “re-conception” of the web content industry, which is moving to build a future in which ads do not play such an invasive role:

This was an unexpected windfall. It was also proof that the current web, the one that’s driven by ads that know our every move, doesn’t have to be the web of the future. There could be a better way that’s secure, private and supported by its citizenry. To all of our Brave browser tippers, we thank you. Every little bit makes a big difference.

2500$ may seem little, considering that according to Adstage, advertisers paid $2.8 dollars per thousand impressions in Google Ads. Also, The Web Archive receives about 102.47 Million visits per month according to data from Similar Web.

This would mean a gain of just $1 for every million visits, ie even Brave Browser can not compete against the ads industry, however, as adoption grows and the industry gains credibility, it is very possible that the gap between the two competitors is narrowing.

Original article posted on Ethereum World News and written by Jose Antonio Lanz

Posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

BTC Could Hit 98 Million Yes 98M USD in 10-20 Years Analyst Says

BTC Could Hit $98 Million (Yes… 98M USD) in 10-20 Years, Analyst Says

The crypto market has remained bullish on the last weeks, prompting a recent wave of optimism and euphoria among traders, analysts and enthusiasts in general. The 5k zone has supported the BTC, allowing the token to remain stable, reversing some indicators.

Having successfully held above 5k, analysts believe that the strength of the bearish market is losing influence and, with the halving on the horizon, many think that the cryptomarket is starting the next bull run.

Unlike the sentiment of 2017, most analysts today speak of conservative numbers. High forecasts such as Tim Draper’s or John McAfee’s are seen as exaggerated or unbelievable. Recently, however, an analyst did not hold back his mood by publishing a hyper-bullish prediction for the next few decades.

In a thread of 27 tweets, Twitter account Moon Capital explained that in approximately 10 to 20 years, BTC would become the first currency to reach a value of about 98 million dollars per unit.

BTC Could Substitute Fiat.. And Gold

The unusual prediction explains that to achieve this figure, the BTC had to maintain its traditional cyclical behavior but with the technological and financial developments typical of this industry.

This combination of circumstances could trigger the perfect scenario for BTC to become the world’s currency, replacing the global money supply. If this happens, the capitalization already increases by about 90.4 trillion dollars.

Also, investors could stop buying gold in the face of the possibility of using the BTC as a safer means. If the Bitcoin market takes 90% of the total capitalization of gold, it would account for about 6.9 trillion dollars.

This streak would give the BTC the necessary level of influence to allocate the capitalization of other financial markets such as bonds, stocks, equities, real estate and even public investments close to 5% of GDP.

Under this hyperoptimistic scenario, the BTC would gain around 294 trillion dollars in capitalization, becoming the “new global unit of account.” This price would total about 98 million dollars for each available token.

So far, it is still very early, and it is indeed impossible to predict the future, especially when it is such an optimistic scenario. Most banks are developing financial solutions based on blockchain technologies, precisely to compete against BTC, not to adopt this token.

To read the full analysis without having to sort through each tweet, here is a post containing all the Tweets. This is possible thanks to Thread Reader App

Original article written by Jose Antonio Lanz and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Japan’s Largest Bank Will Issue a Proprietary Cryptocurrency This Year

Japan’s Largest Bank Will Issue a Proprietary Cryptocurrency This Year

Cryptocurrencies are here to stay. Their advantages over traditional remittances are so extensive that more and more financial institutions are accepting reality, using these technologies to evolve and adapt their products to the needs of modern society.

The most important announcement in this area happened this week when Mitsubishi UFJ said it would launch its own cryptocurrency at the end of this year.

For the Western population, this may not represent much of a hype, but just to put things in perspective, MUFJ is the fifth largest bank in the world by total assets and the most influential private bank if the Chinese institutions are excluded. Its total capitalization is approximately 2.78 trillion dollars, 300% more than the total assets of Goldman Sachs, and 169 billion more than JPMorgan Chase.

According to the Japan Times, Kanetsugu Mike, president of the bank, commented that this initiative is part of a policy of technological improvement aimed at increasing confidence, security, and efficiency in the organization:

“We aim to build an organization that is relied on and trusted globally, and represents innovation,”

After an internal test conducted in September 2018, the positive results allowed the Mitsubishi UFJ team to feel confident enough to move on to a massive implementation stage.

The use of a cryptocurrency allowed instant transfers to be carried out at almost no cost, something essential for a bank with such a high volume of transactions.

Blockchain is Slowly Becoming More Attractive to Banks

Mitsubishi UFJ is not the first bank determined to use blockchain technology. Already the IMF and the BIS have issued official pronouncements assessing the risks and benefits of issuing CBDCs.

Also, JPMorgan recently announced the development of its own token to facilitate transactions processed by its infrastructure. The development of this tech is as important as the MUFJ initiative since this bank is the sixth most important in the world, and the most influential for the “western world.”

The Bank has a strong relationship with cryptocurrencies and blockchain technology. It already uses Ripple technology to process transactions and the partnership seems to be yielding positive results.

Apparently, the cryptocurrency would simply be called “coin.” The bank did not share more details about its development.

Original article written by Jose Antonio Lanz and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Over 60 of the World’s Top Corporations Are Investing in Blockchain Study Finds

Over 60% of the World’s Top Corporations Are Investing in Blockchain, Study Finds

The world’s leading companies have already embarked on the “blockchain train” demonstrating that the technological revolution is already beginning to gain strength. According to a study published by Okta Inc more than half of the companies with profits above 1 billion dollars are investing in the development of blockchain technologies as tools to improve their business scheme.

To conduct the study, Okta Inc surveyed executives from more than 1000 internationally renowned companies to find out how they are using technological advances to adapt to the future. The study focused on investing in labor, technology, operations, and digital transformation.

The results in the area of digital transformation were amazing. The study concluded that almost 90% of large corporations have a strong interest in the application of blockchain technologies and artificial intelligence.

“To fuel this transformation, the vast majority (86%) of digitally transforming organizations are adopting new technologies to support agile app development, as well as getting their hands dirty now with forward-looking technologies like blockchain and AI. All of this is happening while maintaining secure systems and a secure user experience that respects customer privacy.

Similarly, more than 61% of companies invest in blockchain technologies as a business policy. The most popular technological advance is the Internet of Things with 72% of the total.

The internet of things is not only the one that has generated more interest in international investors, but it has proven to be one of the fastest growing technology sectors. A report by Forbes estimates that the total market profits associated with this type of development could be around 520B dollars by 2021.

Currently the market for cryptocurrencies is around 177 billion dollars, however, during the 2017 hype, the crypto coins reached a total capitalization of almost 800 billion dollars before the reversal of trends that gave rise to the bearish streak of 2018.

The crypto market in general has had a good 2019, Since late January there has been a slightly bullish trend that has led many analysts to declare that the tendency of 2018 is already coming to an end.

Original article written by Jose Antonio Lanz and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

How Blockchain Will Transform the Hiring Process

How Blockchain Will Transform the Hiring Process.

By Chris Porteous

Blockchain has the potential to make data even more meaningful to HR professionals.

Most people have heard of the blockchain, although according to Forbes, the No.1 misconception with blockchain is that it’s the same as bitcoin. Being aware of the differences between the two is essential in understanding how blockchain can revolutionize the hiring process. Furthermore, if blockchain is adapted to work with current HR systems, it could mean a shift in the paradigm of massive proportions. We’re not looking only at the process here, but the data that facilitates that process. Blockchain has the potential to make that data even more meaningful to HR professionals as well as offer new insight into their potential hires than existing systems could.

The blockchain as a concept

So if bitcoin and blockchain aren’t interchangeable terms, then what is what? CNN Money defines bitcoin as a cryptocurrency that was initially created in 2009, as a means of storing value and transferring funds as a digital medium that is not controlled by any financial institution. Blockchain is the technology that made the existence of bitcoin possible, but there are so many more applications for it than merely a store of value in digital coins. Investopedia informs us that a blockchain is a distributed ledger, where all people who use the register have access to the contents of it, and those contents are declared through consensus of the network that the ledger is held on. In simple terms, a blockchain is a series of records, and everyone who has an interest in that blockchain has access to the entire blockchain. For us to determine the contents of that blockchain, we consult each member of the chain that holds a copy and the version of the blockchain that is in the majority wins out.

Blockchain and security

There’s something that makes the blockchain ideal for a situation where a company needs to take a potential employee’s word based on trust. Security within a blockchain is directly proportional to the number of users on that blockchain. This means that as more companies adopt the blockchain, the more secure the record kept on that blockchain will be.

An excellent example of this from an HR perspective is the submission of resumes using a site like TrustED. These documents are almost wholly taken on trust, except for references which the application usually gives to the employer. As these sites have shown, in the case of a blockchain, there would be no need for a resume since jobs that the applicant has done can be tracked and linked to the applicant’s account immediately. Additionally, previous employers could be reached directly to discuss the employee. And all of this data would be secured as more companies join the network. It would be a more reliable, but much more secure version of headhunting on LinkedIn.

Automated taxation

Blockchain was designed to be a method of securing data, but the evolution of the system has led to the development of a feature known as smart contracts. By setting a blockchain up that handles transactions automatically using these smart contracts, payment of salaries would be simple and wouldn’t involve any third-party. Additionally, a smart contract could be tied to the salary of each employee to ensure that each salary is removed before payment is made.

As Pricewaterhouse Coopers notes, many people in the system today wonder if the taxation system at present is capable of dealing with the evolved form of employment as exists today. This automated taxation system could be beneficial to both HR managers (who no longer have to calculate and pay taxation) as well as employees (who don’t have to worry about filing tax returns as all the information already exists on the blockchain).

Routine tasks and simplification

Payroll generation is another holdover from a bygone era, where the movement of money was linked to the flow of paper. Having a blockchain makes the need for keeping this paper-based system alive non-existent. Because blockchain can automatically log payments and instantaneously transfer funds, the need for updating a paper sheet with payment details and deductions (both of which could occur automatically as mentioned before) seems an added complication. Properly coded smart contracts would automatically execute these payments as they need to be done and inform both parties of the success of those payments. If there is a breach of that contract, all the data is readily available on the blockchain to allow for speedy litigation if necessary.

A disruptive technology

While Bitcoin might have had its way in the sun and is now moving like a rock rolling downhill, it did manage to show one thing?—?the usefulness and possibilities of a blockchain. Intelligent developers have already cottoned on the potential of these blockchains, and quite a few companies have become involved in research and development of the technology. Hackernoon even has a list of the banks that have started utilizing blockchain in their business, showing how disruptive this technology has been. The blockchain provides a better way of doing things than we have been invested in up to now. The smart thing would be to explore how it can change your business while everyone else is still in the dark about it.

Original article written by Chris Porteous and posted on the medium.com site.

Article posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe