Connect with us

Blockchain Uses

8 Influential Women creating benchmarks in Blockchain field

Published

on

blockchain women

Understanding the roles and positions of some of the ladies in the Blockchain world

In this male-dominated society, with not much female names being incorporated in the cryptocurrency world, some of them have managed to bag the popularity. The blockchain hole, is in fact, the perfect consign for women who want to make a big impact to get involved.

Below is the list of 8 most influential women in the field of Blockchain:

 

1. Piper Moretti.

She is the CEO of The Crypto Realty Group. The company incorporates the cryptocurrencies in order to facilitate the real estate business. At one of the largest luxury real estate Businesses, Christie’s International Luxury Real Estate, Moretti is also an international luxury realtor. But the best part about her is that she is a staunch believer and an enthusiast of the Blockchain Technology and the cryptocurrency space. She is wired to provide the real estate services to her customers by the usage of cryptocurrencies.

 

 

2. Manju Mohan.

Being the co-CEO and co-founder of the Ionixx Technologies, she is looking forward for a route to implement the Blockchain Technology into its strategic to do list. The company actually is all about helping other businesses gain momentum by the application of Technology.  The company helps in digitizing others businesses by the creation of mobile and web-based applications. Recently the company is striving to apply the Blockchain Technology into the HR field. It is doing so by introducing a Blockchain based educational certificate verification system to facilitate various businesses as well as recruiters.  

 

 

3. Mihriban Ersin Tekmen.

She is the Cofounder and the COO at Colendi, a financial institution providing services to the fintech world. It is specifically a cross-border credit scoring platform which is decentralized in nature. The company aims at providing a democratic service to its customers by the application of Blockchain Technology. She is also one of the co-founders of Fintechtime, which is basically a publication company striving to provide the latest updates, insights, and news regarding the finTech world.

 

 

4. Shadan Azali.

Formerly being a philanthropologist, currently, she is the vice president for the Investor relations at the Dispatch Labs. Dispatch Labs helps in providing support to the new business ventures by providing it with Blockchain protocols which are business ready which provide a secure, scalable and a decentralized peer to peer application. Earlier, she led many anthropological initiatives at the Bank of America And the Ally Bank. She is most famous in the fields where most of the women are rarely found ie. Finance and Technology. She even urges other women to take initiatives into the leadership roles in order to provide the right guidance for the females entering into the Math and the computer science fields, which will, in turn, open up more number of opportunities for the women in the technical field.

 

 

5. Elizabeth McCauley.

She was exposed to the amazing potential of the blockchain technology while she was working as an assistant in the US house of representatives. Realising the potential of the blockchain technology she was one of the early adopters of the Blockchain Technology in the United States. She has climbed up the ladder gradually and currently, she is one of the members of the board of directors at Bitcoin Foundation and also an advisor to the BitGive foundation as well as Coin Congress.

 

 

6. Maxine Ryan.

Her passion for the blockchain technology emerged when she was pursuing a degree in international relations in  Australia. She was one of the great risk-takers and dropped out of her graduation just before 6 months of completion in order to follow her passion. Currently, she is COO and co-founder at Bitspark, one of the world’s first cash-in and cash-out Blockchain remittance platform. In the year 2014,  she had launched this business in Hong Kong after dropping out from her college.

 

 

7. Rachel Wolfson.

She is one of the great journalists and a blockchain enthusiastic who develops content for some of the biggest news platforms such as Bitcoin magazine, Dataconomy media, elite daily, Forbes and many more. She was recently listed by Next Web as one of the 5 top women, working in the Crypto world to change it. Currently residing in San Francisco she is also a consultant in digital marketing along with fitness enthusiast. She had also been a board advisor for the blockchain supply chain management system company.

 

 

8. Emily Arth.

Currently the vice president of operations at The Constellation Labs, she is looked upon by most of the business experts. Her vast experience during her work with Deryl Brown has made her flawless. At the North American Power, she used to act as a catalyst through her corporate leadership and management skills. She even had brought great success to Rakugo.

All of the above-mentioned ladies, serve as an inspiration to this modern millennial generation in order to incorporate hard work and dedication into one’s life. Also check out 10 Most influential people in Blockchain.

#Banking

Largest Banks Adopting Blockchain Technology

Published

on

The industry that is taking tremendous interest in Blockchain is the finance sector, especially the banks. They saw it as a competition.

The blockchain technology is prevailing for some years now but has entered the mainstream market in the last two years. As a matter of fact, for the last two years, the head of all sorts of cryptocurrencies has a valuation of $75 million, however, a bit of collapse is observed.

One sector of the industry that is taking tremendous interest in Blockchain is the finance sector, especially the banks. when blockchain surfaced, they saw it as a competition fearing they would automate control over the funds, but now they are warming up to the same technology.

 

Blockchain Receives Greenlight Among Banks

Banks and their employees have historically remained suspicious of how reliable blockchain technology for an industry like finance. However, that perspective has stirred dramatically in the last year, and they are making themselves familiar with the technology, also they are heavily enthusiastic concerning its possible uses.

Majority of the business administrators announce that blockchain is highly critical to their firm’s progress, and over the next three years, it is going to surpass over many functioning. The 2018 Consensus conference saw the developer and founder of FedEx’s, Frederick W. Smith said that Blockchain has the potential to ultimately transform business beyond boundaries. and edges.  

Large banks are performing substantial investments in varied initiatives including classified ledger technology.

 

List of some Banks Using Blockchain Technology

Let us have a look at some of the famous and global ranking banks who have bowed down to Blockchain. They are as follows

Santander:

The adoption of Blockchain will lead to a state where global banking sectors will be able to save more than $ 20 billion by the end of 2022. Santander has the same notion too. It was the first bank in U.K to utilize blockchain for developing international payments service. The devised a technology called One Pay FX which will enable customers to easily transfer money in between the Santander bank accounts in the continents of Europe and South America. Santander further conducted blockchain application for stockholder polling with JPMorgan Chase,  Broadridge, and Northern Trust.

 

HSBC:

The Hong-Kong Shanghai Banking Corporation has gone for a test before completely adopting the Blockchain technology. They have utilized a soybean shipment as a test for business sales and transaction. With the help of Dutch Bank ING and partnered with the Cargill, one of the foods and agricultural firm. HSBC has further used Blockchain technology and said the work was completed in 24 hours. It was the blockchain consortium R3 that HSBC laid their hands on.

 

JP Morgan Chase:

It will not be right if we whirled off reports, but JP Morgan Chase has a completely different unit for blockchain called Quorum. They have already tested a new application that can handle financial instruments and phantom-issues an amount of $150, each floating year with enormous deposits on the blockchain technology. Overall, with the help of blockchain, the banks are bestowing infrastructure between the participating factors. The issuers, dealers, investors, administrations, custodians will all be able to notice the golden truth behind the source for a debt instrument. This was the notion of JP Morgan Chase’s welcome to blockchain technology.

 

The Bank of Ayudhya:

It is Thailand’s 5th largest bank which managed a victorious pilot test last year in May to get the real-time foreign payments in conjunction with MUFG Bank (Japan) and Singapore’s Standard Chartered Bank, the multinational monetary services firm. The test supported a comparable force in which the bank accepted blockchain technology for money transfer among an oil firm in Thailand and its marketing ally in Laos.

 

China Construction Bank:

It has set out for promoting cross-border loans issuances for modest companies and everything was taken care of by Blockchain. The platform has till date generated over $251 million value of sales and transactions.

According to experienced investors, Blockchain technology can be an excellent way for international transactions. However, banks will not get enough space for charging tax and fees for transactions on foreign exchange in between a serious competitive pressure.

Due to the introduction of blockchain to the financial sector, it has been able to develop bases where banks can simplify and speed up cross-border debts, increasing speculation accuracy, authenticity, and shorter adjustment processes. Intelligent contracts have curated privileges with transaction processing by eliminating the middle man and will be used to develop reliability and remunerations operations.

Continue Reading

#Bitcoin

5 Steps to How to get Bitcoins and How to use Bitcoins?

Published

on

In this article, we will discuss 5 steps to How to get Bitcoins and How to use them. Many people who want to enter the crypto space ask how to get bitcoin.

Bitcoin has been a revolution in the finance market for the last few years. The market doesn’t experience so much extent of people towards a new kind of market in its initial phase. The bitcoin achieved a miraculous height in 2017. No one has ever imagined a new cryptocurrency to have a value of $19783! However, the market of bitcoin declined miserably in 2018, and today it has a value near $3560.

Many people who want to enter the crypto space often ask how to get bitcoin and how to use them.

 

In this article, we will discuss 5 steps to How to get Bitcoins and How to use them?

 

1. Introduction to Bitcoin:

Whenever you are going to invest in any financial firm, you must be well known to the platform. After going through the research about the investing platform, then only you should decide whether you want to invest or not. Similarly, you must have an introduction to bitcoin before buying and using it. Let us a summarized introduction about the bitcoin:

First, Bitcoin is not a fake currency. You shouldn’t have any confusion regarding the fraud of this currency.

Second, You can use the bitcoin for your daily transactions like stores, etc. However, no of stores accepting bitcoin is less today and will undoubtedly increase in the future.

Third, You don’t need third-party organizations such as a bank to have control over bitcoin. You are the sole controlling person.

Fourth, You must do transactions with care and with trusted people only as there is no kind of refund or reversing of a bitcoin transaction.

Fifth, All the transactions related to a bitcoin account are stored publicly, and anyone can see one’s bitcoin transaction with the bitcoin address.

Sixth, There are a lot of similar cryptocurrencies like Bitcash, Bcash, Bitcoin Cash, etc. You should not be confused over the resembling pronunciation of others with original bitcoin (BTC).

Seventh, Bitcoin values are subject to crypto space. Sometimes, it reaches the sky while sometimes it fell miserably.

 

2. Choose a bitcoin wallet:

Just like you need a wallet for carrying cash with you, you also need a bitcoin wallet for storing and using bitcoin. There is a lot of such bitcoin wallet in the industry. They may be a mobile wallet or a desktop wallet or a combo of both. Here we are listing some popular bitcoin wallet:

Blockchain Wallet: It is one of the most popular bitcoin wallets. Using this wallet is straightforward. The organization, stores the details of your wallet on their dedicated servers, hence involving a risk of the third party. Although it is very convenient to use, it maintains a high level of security for privacy and safety of your bitcoin wallet.

Circle Invest App: This is available on Android and iOS platform. Also, you can use this app only if you are a US resident. It is a well-designed app to serve as your bitcoin wallet efficiently. It has the features of secure transfer of money and link to your bank account. It is secure internally as well as externally too where you can have a fingerprint of Face-id lock on the app.

Coinbase Wallet: It is one of the largest Bitcoin wallets. It has a high level of security for your transactions. It provides an exchange for the software of merchant payment. People widely use it.

Trezor: It is a hardware bitcoin wallet that operates on the desktop, is as well as the Android platform. It has one of the easy to use wallet. The anonymity in this wallet is very high. It supports seven other cryptocurrencies apart from bitcoin. The security provided by this wallet is of very high quality. It costs nearly 180 Euro.

Trust Wallet: It works on iOS and Android platform. It also supports a total of 14 cryptocurrencies. The security provided by Trust wallet is similar to its name and is very trustable. Binance acquired it in mid-2018.

 

3. How to Buy Bitcoin:

After you have a bitcoin wallet, the next step is to buy bitcoins. There are a lot of sources where you can buy bitcoins. Here we list top 4 exchanges from where you can buy bitcoins.

Poloneix: It is a cryptocurrency to cryptocurrency exchange. It is based in the US. There is high-level security in this exchange. The fee for trading is 0.2% whereas, for deposit and withdrawal, it depends on the blockchain

Kraken: It is a crypto exchange where you can link your bank account and can add money for bitcoin by deducting from the bank account. Also, you can do the transaction of bitcoin from one account to other using this exchange.

Coinbase: It is one of the largest exchange for the crypto market. People can buy bitcoins via linking their bank account. Also, the transaction is secured by some high-level security. It is used in the US, Canada, and some European countries too.

Binance: It is the largest exchange for cryptocurrency in perspective of trading volume in the world. It provides an exchange of more than 100 digital currencies. It also has some of the acquired wallets such as trust wallet. It is secure and easy to use.

Alternatively, you can also earn bitcoin. Suppose, you are seller then you can ask your customer to pay using bitcoin. You will need some merchant bitcoin account to link with you.

You can use these options for earning bitcoins:

BTC clicks: An easy to use merchant for earning bitcoin.

Bitpay: A widely used merchant to get invoice and transaction details of bitcoin received from customers.

Coinbase merchant tools: A trustful merchant which is a subsidiary of Coinbase exchange.

CoinPayments: A payment gateway to receive bitcoin from your customers.

 

4. How to use Bitcoin:

Once you have a wallet as well as bitcoins, you will think to use it. Well, you can use bitcoins in several instances such as paying rents, paying at stores, buying vehicles, etc. There are a lot of firms which accepts bitcoin such as:

Purse.io: It is an online bitcoin marketplace. You can buy Amazon gift cards also through your bitcoins using this marketplace. It allows customers to purchase items from a merchant exchanging bitcoin rather than standard cash.

BTC Trip: You can use bitcoin to plan a journey using this firm. It allows you to book a trip exchanging bitcoins.

Crypto Asylum: This company is dedicated to selling hardware wallets by accepting bitcoins.

Dish Network: This huge cable company also accepts bitcoin now for cable rent.

Famsa: It is a large furniture company based in Mexico that accepts Bitcoin from users.

Apart from the above, there are numerous firms that accept bitcoin.

 

5. Update to recent news of bitcoins:

Bitcoin is still under several developments. A lot of improvements and new features are yet to come. Also, the policies of governments of different companies vary from one to another. Market conditions always tend to change. All the above factors still affect the bitcoin. So, you must get in touch with the recent updates in this field. Also, you should keep an eye on the price value of bitcoin.

Continue Reading

#Banking

Is the Banking System a Fraud?

Published

on

There are many other loopholes to the working of banks in the economy, but for now, these should be enough to open your eyes to the banking system.

You’ve worked the entire four weeks until your bones were dry from fatigue, you spent sleepless nights working on a project or an assignment and even over worked your body to an unhealthy degree- at the end of it all, however, you have your paycheck in hand. You finally have your wage, or do you?

The bitter fact is that it’s not you but your bank that has received the wage. In our day to day lives we are dependent, more than anything on banks for the money that we earn- when it should be the other way around; that is, banks should be depending on us instead for the money that they offer to the world.

And when one pays close attention- the entire system appears to be absurd! How can a third party that had no role in the amount of work that we did and efforts that we put have a say in the amount of money we can withdraw and the number of times we can withdraw it?

Today we are here to unleash some facts about the banking system which will show to you how the whole banking system is a sham:

 

Are all banks broke?

Yes, this is no act of God, or a natural calamity or a tsunami- all banks from the beginning have been broke. After all, they have no money of their own- any assets that they appear to have were provided to them by their initial customers.

True, they earn small amounts of interest on the money that we deposit with them, but it is indeed not enough to give them amounts large enough, such as 10 lakh, which they can offer to a minimum 100 people at once. So where is the money coming from? Well, it’s all fall system that we will slowly unravel.

 

Fractional Reserve Banking

Now, the biggest fraud that banks can possibly play is that they go ahead and offer more money than they actually have and this is primarily known as Fractional Reserve Banking.

As mentioned earlier, banks have limited money supply- all the money that they have to offer is what we deposit with them so how come when a person applies for a large loan the banks are ready to give that money as though it was theirs. The sad fact is that banks are actually offering ‘your’ money to others when giving out loans- and the credit security they offer is not half as true as it would appear.

 

False Credit Creation

We will now see how the banks create false money in the economy. Supposing you deposited one thousand dollars with the bank; the next step by the bank would be to keep ten percent ($100) of it as cash reserve and use the remaining, $900 as money owned by the bank itself. So now the bank has your money, which is one thousand dollars for appearance’s sake and 900 dollars as its own money. Thus, the total money increases to 1900.

And now suppose you want your thousand dollars back- here’s what the bank will do- just like you deposited money with the bank, there are many others who deposited money with the same bank in a similar fashion, the banks will use a small percentage of the money deposited by various people and give it to you back as ‘your’ money.

This is all just a hollow scheme.

 

The Central Bank

Perhaps the most significant loophole in the banking system of the economy is The Central Bank and its activities and the biggest sham that it plays is the printing of money or deficit financing.

Whenever the money supply in the economy is falling, banks resort to deficit financing and print more money, but the actual amount of goods and services in the economy remains the same. So although now, instead of $100 you have $200, you cannot get an extra bag of rice because the total production was not increased only the paper money was.

 

Conclusion

Real rise in the economy occurs when the total production increases and not the total amount of money circulating in the market. There are many other loopholes to the working of banks in the economy, but for now, these should be enough to open your eyes to the reality of the banking world.

Continue Reading

Trending