World Economic Forum’s Predictions for Blockchain

Friends, earlier this month in Davos, Switzerland the World Economic Forum weighed-in on the future of blockchain and its impact the global economy. Here is a synopsis: Blockchain can transform certification and traceability for all manner of commodities. It does so by tracking products from producer to consumer, by creating binding contracts without the need for third party enforcement, and by eradicating the manipulation of data on origin, content, production, and health and safety. Dubbed a new operating system for society, Blockchain has been compared to the creation of the Internet for the extraordinary impact it could have on how we transfer things of value to each other. Only the vision and ingenuity of people and partnerships can realize the true potential of blockchain technology for our wellbeing, future prosperity and enterprise. Yes, this is a 30k foot view of a highly complete technology … nonetheless it offers a glimpse into the thinking of some strategic political, economic and technology thinks. So what is your take? Share your thoughts with us. Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)

How Effective is CCSS in Governing the Global Cryptocurrency Ecosystem?

Friends, like all emerging technologies government or third party standards tend to lag the pace of research and development by the private sector and academic studies. The obvious question for the cryptocurrency arena is whether the CryptoCurrency Security Standard (CCSS) can effectively govern this emerging technology with its hyperspeed innovation, growth and a diverse ecosystem of global currencies, exchanges and trading platforms while protecting the security and integrity of investors and traders alike? Currently CCSS addresses ten elements of cryptocurrencies: Key/seed generation, Key storage, Third party security audits/pentests, Data sanitation, Audit logs, Key compromise, Key usage, Keyholder grant/revoke, Key/seed generation and Wallet creation. While many ecosystem players can achieve Level I certification it remains to be seen how many entities will acquire Level II let alone Level III status. Please share your thoughts and predictions. Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)

How Will Blockchain Innovations Impact Industries & Business Process?

Friends, among the major Blockchain innovations are Taxation, Tokenized Assets, Data Mining, Public Trust and secure Identification. Most of us are aware that FinTech and Cryptocurrencies are just the tip of the iceberg for Blockchain. The technology is poised to transform other industries from healthcare to supply chain and far beyond. The key question is how the innovations (and challenges) identified above) will enable or impede Blockchain adoption as the technology moves from early adopter (financial assets) to0 mass market? Share your comments and predictions with us today. Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com) 

How will the use of Smart Contracts Impact Blockchain Adoption?

Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. The code and the agreements contained therein exist across a distributed ledger. Redundancy, Safety, Trust, Speed, Savings, Efficiency, Autonomy and Transparency are just a few benefits of Smart Contracts. However, there are some contracts—"in real life" contracts—that exist to manage complex and unexpected conditions. And then there is the issue of security. How secure are blockchain smart contracts with regard to Availability, Integrity and Confidentiality. Our view is that while these issues are real and tangible today, like most emerging technologies, such issues are either resolved or mitigated as the technology matures. Please share your thoughts on the viability and security of blockchain smart contracts. Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)

What are the Top Technical Barriers to Adoption Facing Blockchain?

Just how far way is mass adoption of Blockchain across multiple industries and applications? The reality is that it could be many years before trustless systems are ready for mainstream use at scale. Some of these barriers include: Privacy, Limited Scalability, Store limitations, Ill-defined Governance and Standards, Insufficient Tools, Lack of adequate Consensus Mechanisms and beyond. Nevertheless, with the technical and market opportunity so vast, like any emerging technology, many of the brightest minds on the planet are lining-up to take on the challenges with the goal of reaping major rewards. Just reflect back on the origins of what are considered mainstream technologies today … microchips, spreadsheets, operating systems, smartphones, cyber security, etc. Take a further look at the International Development Research Center – Blockchain Hub. See you soon. Lawrence, Blockchain Academy (https://cryptocurrencyacademy.blogspot.com) 

Purchase your Bitcoin Miner Today - Antminer S7~4.73TH/s@.25W/GH 28nm

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Will Ethereum Overtake Bitcoin in 2018?

Bitcoin, for now, is the king of all cryptocurrencies, and the most famous of them. Created by a person using the pseudonym Satoshi Nakamoto, it defined the algorithms that enable the transfer of assets from one party to another without an intermediary, such as a bank. This helped to jumpstart what we call the Blockchain revolution. The application for Blockchain technology goes far beyond cryptocurrencies … and far beyond the finance industry. Despite its phenomenal 500% growth in the past five years alone – Bitcoin could be overtaken by upstart Ethereum that was developed by a millennial from Toronto. Ethereum's cryptocurrency has a name – Ether – that most people not familiar with. The total market value of all ether in circulation is $25-billion, not too far below Bitcoin's $42-billion. Ethereum now has "the flippening" in sight, that moment in time when its value surpasses Bitcoin's, something incomprehensible only a few months ago. Send us your projections. Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)