The most interesting part of this reduction is that the banking infrastructure responsible for the change has not come from the Banking Sector. Instead, the Telecommunications Sector has driven

This will be part of a rising trend towards a global agreement on definitions and standards. Currently, there are too many international jurisdictions that have varying definitions of the blockchain and its components. Equally, from a legal perspective, regulators need to define and agree on the exact legal nature of cryptocurrencies. Without

have is that interest plays with the concept of usury. Usury is not a new concept – even for the Western World. Usury was banned even in Elizabethan times in England. For example, a little-known fact is that William Shakespeare’s father was in court twice for violating the usury laws. Essentially, usury involves the charging of excessive rates of

In a word, it is controlled, unregulated, but fundamentally brilliant.

Steem is a cryptocurrency coin used to reward people for producing great content on the website Steemit.com. The use of an ICO to fund new technology is very different from the traditional sources of finance.

and while there is confidentiality of customer data, there also has to be openness; openness to regulators, law enforcement agencies and those that enforce compliance.

Once the infrastructure is built, subsequent application layers can be built on top. For example, web browsers were built on top of the initial internet protocols.

Factom is an established public blockchain solution to provide trusted data to users, enterprises, and governments. It has validated over 64 million records to date. Factom has created its own blockchain

Slock.it have also been working closely with RWE, the German power company, to look at the automatic charging of electric cars, with the electric cars having their own digital wallets.