On a daily basis there is more news about what can, may, and should materialize in the world of Crypto News Crypto Currencies (CC’s) and Blockchain. There has been essential investment, research, and lots of chatter, but the coins and the initiatives are still not mainstream. They have not yet delivered the beyond expectations changes envisioned. Many ideas are being discussed and made, but non-e have delivered big game-changing results. Just what exactly may be needed is for big industry players, like MICROSOFT, Microsoft, and the large financial services corporations to continue forging ahead in developing useful Blockchain applications – models that the whole world can NOT live without.
Financial services are really a ripe target for Blockchain projects because today’s banks and loans systems are still based on archaic ideas that have been faithfully plus painfully digitized, and because these systems are archaic, they are simply expensive to maintain and operate. Banks almost have a numerous reasons to charge the high service fees they do – their whole systems are not efficient. These systems have many layers with redundant data, as everyone involved with a transaction demands their version of the transaction details. And then there is the internet business of ensuring that there is a trusted third party to clear all these ventures – requiring even more versions of the same data. Blockchain systems holds out the promise of addressing these issues, like each transaction will be captured in just ONE block in the chain, and because it is a distributed database, security and sincerity is built-in and assured. It may take some time to build up rely upon these new systems, given that the verifiers of Blockchain transactions are not the traditional clearing houses that banks apply and trust today. Trust by the banks in a new-technology will take time, and even more time will be needed for that have faith in to trickle down to consumers.
Another company that may in the near future be ready to give CC’s and Blockchain a big boost can be Amazon. It looks like Amazon is getting ready to launch their very own crypto currency. This is a company with revenues the size of a good-sized country, and they are in a position to issue a digital token that would be absolutely convertible with other CC’s, and fiat currencies too. Your move like this would enable