Photography on Blockchain

Photography on Blockchain

Fine Arts & the Art of Technology

In 2009, the effects of the global financial market spawned the fourth industrial revolution: the digital era. Bitcoin, and subsequently blockchain, were born. Bitcoin is the network, while bitcoin (with a lower-case “b”) is the cryptocurrency itself. In today’s world some professional photo agencies have started accepting bitcoin as payment for licenses. However, few realize blockchain technology could one day  literally change the entire face of photography.

Blockchain is platform designed to work with a decentralized network. Put simply, blockchain works like a digital, distributed ledger. When a transaction occurs on the blockchain, the information is added to a “block”, or data file. Once a transition is solidified, the block closes and a new one is created, which includes all the data from the previous block, thus creating a permanent chain of data. The blockchain is distributed across the network, as opposed to going through a single point. Their function is to make sure that each transaction is valid after solving complex algorithms, ultimately securing the block. Decentralization makes it nearly impossible to hack a block before it is finalized.

Blockchain on the Front Lines of Finance

Blockchain on the Front Lines of Finance

The Financial System & Blockchain Technology: Could It Be the Solution?

Our current financial system serves tons of people every day, and moves multiple-trillions of dollars. While it may be our current system, it doesn’t mean it’s necessarily the best system. Not surprisingly, its wrought with issues. These issues include, but certainly aren’t limited to

  • Super-high transaction fees
  • Delays in transactions
  • Cumbersome paperwork

Blockchain Is Modernizing Energy Sales

Blockchain Is Modernizing Energy Sales

Energy Sales – Giving Power Back to Consumers With Blockchain

Energy sales are a heavily regulated market, with both local and large companies occupying the space. These big enterprises are in for a real shock: they’ll no longer be able to manipulate energy prices as heavily as they are currently. Of course, this isn’t right around the corner, but it’s coming! What’s going to drastically change the landscape of the energy market, you may ask? Blockchain technology.

Quite literally, it’s bringing a new wave in the energy revolution, in which both utilities and individuals alike play economical roles as producers and consumers of a certain commodity. In this case , the commodity is electricity. Today, electricity is sold through a facilitated dealer. People can buy and sell energy directly to one-another via blockchain, eliminating the need for a middleman entirely. Basically, it makes a peer-to-peer energy trading system a reality.