Blockchain’s Key Economic Impact: Verifying Transactions and Operating a Network
When a distributed ledger is tied to a native cryptographic token, marketplaces can function without the need of intermediaries, lowering networking costs. Bitcoin for the first time in history demonstrated value could be transferred reliably between untrusting parties without the need of an intermediary. Read more
OMG, Ethereum Is So Hard Forked
Basically we think any consternation about recent (intentional and unintentional) forks or their effects is misplaced.
The Changing World of Music Royalties
Today, the music industry generates over $160 billion in worldwide revenue, less than ten percent of which is from the sale of recorded music. As the industry evolves, new revenue sources continue to be created. Read more
Blockchain in Financial Services — Hype or Reality?
Why are Financial Services firms interested in Blockchain? First they see the potential for cost reduction in processes like trade settlement and reconciliation.
One of the most feverous conversations happening around digital music is the ability for artists to maintain ownership and attribution for their work. It’s no surprise that blockchain technology—in particular Ethereum, with its use of smart contracts—has driven a surge in music technology startups attempting to solve this problem.
Everyday we’re reading about startups coming up with wonderfully creative applications of the technology in order to solve a similar pain point.