How blockchain went from Bitcoin to big business


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The promise of blockchain

Despite the buzz around blockchain, there's still confusion about what it is, how it works, and how it's changing the way we do business. The original blockchain was implemented as a cryptographically enhanced digital ledger for the cryptocurrency Bitcoin. Now "blockchain technologies" are springing up in a range of applications—within the financial services sector and beyond. "I think blockchain will do for the transfer of assets what the Internet did for transfer of information," says Jonathan...
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More than just bitcoin: blockchain has value across multiple industries

While bitcoin's ups and downs grab the headlines, its underlying blockchain technology is quietly extending its reach to a much wider range of applications. Apart from recording financial transactions, blockchain can record ownership and trading of any asset, protect copyright, and prove authenticity of qualifications and other documents. And even complex business arrangements can be packaged as smart contracts. Blockchain's impact isn't limited to the finance, legal and business secto...
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How Bitcoin and Cryptocurrency works


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From cobots to automated food: 7 new technology trends for 2018

Technology is changing rapidly and businesses in the UK need to keep pace with current and emerging trends so they don't get left behind. While bitcoin and other cryptocurrencies have been making headlines recently, their underlying blockchain technology looks set to play a bigger role in the media and entertainment industry. Collaborative robots are going to be enhancing our jobs rather than just taking them from us. And the surge in funding for transport technology isn't just for building...
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Will cryptocurrency change the freelance marketplace landscape?

As cryptocurrencies become more widely accepted as a method of payment, consumer confidence in them is growing. Because they act like cash payments, cryptocurrency transactions offer the convenience of receiving payments within seconds while protecting customers from the risk of identity theft. And, unlike a card payment, once a cryptocurrency payment has been transferred it can't be reversed so the risk of chargeback fraud is eliminated. These security measures make cryptocurrencies a...
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A London startup is launching a debit card that lets you spend bitcoin and ethereum

With £2 million raised from a consortium of private investors, London Block Exchange (LBX) is launching a debit card that lets UK customers spend cryptocurrencies. Although LBX isn't the only foreign exchange startup developing cryptocurrency-trading capability, it's one of the first in the UK aimed at making cryptocurrencies easier for consumers to buy and spend. The prepaid debit card uses an app to provide access to the LBX exchange, where customers can buy bitcoin, ethereum and other cryptoc...
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Should your small business accept bitcoin?

Bitcoin looks poised to gain mainstream adoption as many businesses, including some industry giants, already accept Bitcoin payments. The blockchain technology bitcoin was built on allows for faster, cheaper transactions, since bitcoin doesn't need a bank to verify each transaction. The same technology also protects against fraudulent transactions and, because they work more like cash than credit, bitcoin transactions can't be contested in the same way customers can dispute credit card payments....
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3 ways business owners can prepare for blockchain and digital payments

Even among CFOs who have a good understanding of bitcoin and blockchain, there's still a lack of understanding about how the technology can make their businesses more competitive, says virtual payments expert Jim Pratt. Business owners need to "stay ahead of the curve," he says, by understanding the technology and its applications, anticipating future business needs, and ensuring payment processing solutions contribute to a positive customer experience. With this in mind, Pratt shares here three...
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How blockchain might change payments for small businesses

Blockchain, the technology underlying digital currencies such as bitcoin, could help small businesses by making their financial transactions faster, easier and cheaper. Apart from the secure transfer of funds, distributed ledger technology has other potential uses, such as smart contracts, intellectual property tracking, and supply chain auditing. Chalmers Brown, the founder and CTO of Due.com, explores the advantages of blockchain technology and how it could benefit small businesses. [ Read the...
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