What is driving the price of crypto assets like tokens and NFTs? Is it just the utility of blockchain technology? No, the desire for belonging and status is the key factor! That's why the metaverse is so hot.
Bitcoin is blockchain, but blockchain is not Bitcoin. Today, hundreds of standalone blockchain systems exist, the most powerful besides Bitcoin is Ethereum. As the first general-purpose blockchain, it goes far beyond Bitcoin's readiness for use as a payment system, virtually single-handedly dominating the Defi and NFT markets, for example, and has now even surpassed Bitcoin in terms of the number of users. Benefits of general-purpose blockchains for the economy and society explained.
DAOs embed cooperation and collaboration in the DNA of many blockchain applications. But also for traditional DAO stands for Decentralized Autonomous Organizations and, let's face it, is for most either completely unknown or another buzzword of the blockchain bubble. But the idea behind DAO is relevant to all of us. Basically, DAOs are about finding new forms in which to organize work and, more importantly, collaboration. These new forms are based on the core idea of eye-level collaboration between the stakeholders involved. In this context, topics such as stakeholder economy instead of shareholder economy and ecosystems instead of centrally controlled platforms are much better known. Decentralized Autonomous Organizations are now a special form of how such cooperation principles can be implemented. The DAO idea should therefore be studied by anyone who believes that there will be hierarchy-free, cooperative forms of collaboration between individuals and also between companies in the future. companies, new collaboration models are becoming more important. Is there a lesson to be learned from DAOs? A glimpse behind the scenes reveals the answer.
Bundles of digital assets stand good chances to be as revolutionary as ETFs were 30 years ago. Bringing investment processes to another level of simplicity, versatility, liquidity and cost-efficiency, they are set to make a major impact on the financial services industry in the near future.
Central Bank Digital Currencies (CBDCs) have become a very hot topic for the financial community. And naturally, because the potential impact of a CBDC is so significant, there is an unusual amount of ‘hype’ surrounding the topic. This article considers the current status of the debate and argues for taking time to thoroughly consider the implications of implementation of any CBDC.
The hype around Non-Fungible Tokens (NFTs) continues. While many haven't even heard of it or dismiss it as the next hype in the crypto bubble, others are talking about a breakthrough in connecting the physical with the digital world. The article explains why this may actually be the case.
Most people know mainly Bitcoin as a cryptocurrency. And Bitcoin was the first cryptocurrency based on such a technology, namely the blockchain. However, the blockchain is much more than just a cryptocurrency. Blockchain can be used to implement numerous different use cases. I would like to discuss a few from the medical, pharmaceutical & health sectors here.
DeFi is a new paradigm that is gaining popularity in the financial world. Using automated processes, a peer-2-peer approach and blockchain technology, it challenges traditional finance. Following the DeFi logic, intermediaries such as banks, stock exchanges and insurers will soon be obsolete.
Smart Contracts are intelligent contracts based on blockchain technology. This enables different entities to digitally verify and enforce contracts without the need for a third party like a lawyer, notary etc.
Central Bank Digital Currency (CBDC) is digital central bank money issued on a new technical infrastructure. While technically similar to private cryptocurrencies like Bitcoin and Ethereum, it is a legal tender issued by central banks. What businesses and especially consumers need to know about it.