It’s hard to dispute the blockchain revolution, given major international financial institutions, such as JPMorgan and HSBC, plunging massive amounts of capital into R&D of the technology. The price of major cryptocurrencies have skyrocketed over the past month (June 2017) alone. With funding on the rise and market adoption on the horizon–see Japan–it is hard to estimate an upper-limit on the value of these tokens. However, the relationship between the crypto markets and traditional markets can provide insight into the future valuation of these tokens.
Crackdown Finally Coming on Corrupt Charities
Several individuals want to make the world a better place by donating to their charity of choice, but many are left with the unsettling question of how their money is actually being spent. Corruption is prevalent amongst charities. Higher-ups at big charities often choose to line their own pockets, instead of appropriately using those funds for their intended purpose. Non-profits’ current operational structure lacks overall transparency. Ultimately, donors doubt the intentions of the supposed non-profit.
Blockchain technology could prove to be a game-changer, addressing the many questions that surround today’s non-profits. A new model is emerging for charities, which deals with the inflow and outflow of large amounts of money. On top of that, current accounting methods struggle to keep up with this exchange in capital. Last year, organizations based in the United States took in $2 trillion in revenue. Less than 20% of that, however, came in the form on charitable contributions. People have made fewer donations, as a result of this. Many choose not to donate at all. (Check out what a blockchain is here!)
UN Uses Blockchain for Humanitarian Aid
Despite the fact that the world produces enough food to feed the entire population, millions of people still go hungry. Because of the way food is currently distributed, “food rich” areas–or those with an abundance of food–exist, while other places experience severe famine and starvation. The United Nations (UN) is looking to address this extreme inequality, by implementing the use of blockchain.
Blockchain technology has the potential to create a whole new, reliable, secure environment for providing humanitarian aid. Non-profits often advertise themselves as such. However, a significant portion of donations still go to overhead, office costs, and officers running these charities. With blockchain technology, those who donate are able to view exactly how their funds spent, and who directly is benefiting from the provided aid.
Influence of Banks on Globalization
Increasing globalization constantly tests our current financial systems. Previous importance placed upon traditional sovereign boundaries has given way to a borderless financial world; one where capital moves freely between citizens of multiple countries.
Globalization has brought about significant immigration of disparate populations. This created demand which has fueled the wire money transfer business for years. Citizens from developing economies move abroad and continually want to send money back home, in hopes of a better life for their families. Multimillion dollar business deals are being finalized between multinational corporations based in different countries. Thus, creation of a reliable internet marketplace has opened up trade between people residing in opposite ends of the world. All of these scenarios are examples of the borderless financial world we’ve built.
The Next Big Energy Revolution
The green revolution has finally arrived at the energy sector. While many industries have moved towards more environmentally-friendly policies, the energy sector has seemingly been slow to the party. Now, though, experts agree we are just entering into a new age of energy management.
Over the years, we have dabbled in many types of energy, including “dirty” ones like coal and fossil fuels. With the advent of other cleaner energies, such as wind and solar, technology has struggled to keep up with management of power supplies. For years, centralized power companies brokered the price of energy on a given grid, ultimately setting the prices as they see fit. As a result, the traditional providers of power have lined their pockets at the expense of the consumer.
So you’re interested in purchasing cryptocurrency? Well, do you know how or where to buy cryptocurrency?
After watching this video consider thinking about what you can do with your crypto! Instead of letting it sit, grow and then saving it in a portfolio, you have the option of spending it too! Overstock.com and other large retailers accept Bitcoin, but many smaller ones you may not have heard of also accept it.
So, once you’ve purchase cryptocurrency, read our follow up article about where you can use it! It may also be a good idea to check out our video about securely storing your crypto! Without further ado, watch this amazing video about where to buy cryptocurrency!
If you would like to read about purchasing cryptocurrency as well, feel free to explore more of Blockchain WTF’s site, and take a look at this page!
Blockchain Technology and Medical Records
Healthcare: 2017’s most hotly contest debate. While the discussion has largely been within the insurance industry and the repeal of Obamacare–also known as the ACA–other issues have become glaringly obvious. Costs surrounding healthcare have soared, owing to a variety of factors. Without question, though, issues existed prior to the adoption of Obamacare.
The digital age presents further challenges in the healthcare industry. Navigating the technological healthcare waters is daunting, to say the absolute least. As many doctors offices, hospitals, and specialists move towards the digitization of medical records, huge issues have begun to arise. Even if a patient participates in the digitization of her medical records, because there’s no standard network, she may not always be able to easily track down her own information. This ultimately leads many feeling like they do not have control of their own medical records.
Unfortunately, a slew of recent assaults on corporations housing containing personal data have occurred. A requirement to fix the healthcare industry exists–and fast. In order to address these complex problems, medical professionals and policymakers alike have turned towards blockchain technology.
Once you’ve delved into blockchain technology a bit, you’ll begin to realize the vast nuances and bits of knowledge required to dig into more in-depth information. Gas is an important concept in the technology. So, what is gas? Watch this video to find out!
Interested in finding out more? Check out this article about gas, specifically with regard to Ethereum!
The Benefits of Blockchain in Healthcare
The healthcare industry is currently set to face a massive overhaul. With change knocking on the doorstep, it really begs the question: how will technology have its hand in shaping this transformation? While many answers have been asserted none look more promising than blockchain technology. This new technology has professionals excited about how it can revolutionize data stored by healthcare providers.
Currently, the flow of information within the industry is largely controlled by middlemen. These middlemen often come in the form of insurance providers, who take a profit for their services. Thanks to the addition of a go-between, inflation exists in the cost of healthcare for consumers. Oftentimes, it doesn’t provide the highest quality services, or really even quality services.
Blockchain Provides Huge Strides in Healthcare Data
When it comes to healthcare reform, only one thing is certain: it’s going to be a tall task to complete. The recent change in administration has led to examination of current insurance healthcare data systems. Healthcare is poised to change, thanks to both the White House and Congress. This leaves the industry left with the question of how it is going to adapt to the rapidly changing healthcare environment.