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Category Archive: blockchain technology

Blockchain Data World Storage

How is Blockchain Technology Market Going to Rise at High CAGR of 38.4% Till 2025?

The global Blockchain Technology Market is forecast to rise exponentially in the coming years. The market is expected to witness high demand from diverse industries, especially the banking, financial services, and insurance (BFSI) industry.

In terms of industry vertical, the banking, financial services, and insurance segment held the leading share of 41% in global blockchain technology market in 2017. The segment will gain further impetus following introduction of bitcoin. “Rampantly increasing cyber-attacks and frauds in the BFSI industry accounts for millions of dollars. This has become a global concern. To make the technology used in the industry safer and more secure, Deloitte and Microsoft Azure and other tech giants are offering blockchain services,” said a lead analyst.

In terms of deployment, the proof of concept segment is gaining traction and is expected to witness impressive growth during the forecast period 2018-2025. Growth witnessed in this segment is backed by high need of transparent transaction across industries such as healthcare, retail and BFSI.

blockchain technology market

Increasing Demand for Secure Blockchain Technology to Guarantee Growth at Promising Rate

Government initiated awareness programs regarding benefits of blockchain technology among undeveloped nations is anticipated to fuel the demand in the global blockchain technology market“, said a lead analyst at Fortune Business Insights.

Increasing adoption of e-financial services and rapid adoption of the blockchain technology in developed nations are expected to drive the global blockchain technology market during the forecast period.

Increasing number of new blockchain products and their approval grants is also anticipated to act as a driving factor for the global Blockchain technology market.

Partnerships Among Key Market Players and Blockchain Developers Driving the Market in North America

North America emerged dominant in the global blockchain technology market in 2017. The North America market was worth US$ 820 Mn in 2017. The region will continue leading the market at a global level through the forecast period. Growth witnessed in the market is also attributable to recent collaborations between market players in the U.S. and blockchain service provides. Europe is also anticipated to witness impressive growth during the forecast period owing to high presence of blockchain technology developers.

In 2017, IBM was the leading organization in the global Blockchain technology market. Other companies operating in the global market are Oracle Corporation, Deloitte, Microsoft Corporation, IBM Corporation, The Linux Foundation, Chain Inc., Consensus Systems, Bits, Inc (Tendermint, Inc.), Schvey, Inc. (Axoni), VironIT, Altoros, and Fintech & Blockchain Software House.

Source: https://www.fortunebusinessinsights.com/industry-reports/blockchain-technology-market-100072

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Satoshi
Beginner's guide to Bitcoin and Blockchain technology, Holytransaction

Beginner’s guide to Bitcoin and Blockchain technology

Beginner's guide to Bitcoin and Blockchain technology, Holytransaction

We are very happy to publish this beginner’s guide to Bitcoin and Blockchain technology provided by Bitcoinfy team.

As you might know, Bitcoin is the first ever decentralized cryptocurrency. It’s  fungible, portable, divisible and irreversible. The Bitcoin was firstly invented by the name SATOSHI NAKAMOTO in the year 2008 and it was later published as an open source in the year 2009. But the person or group behind the invention have no traces of identity as the bitcoin was published by an unknown person or group using the alias Satoshi Nakamoto.

After the invention of Bitcoins many cryptocurrencies emerged out, where some used the same system and structure of bitcoin and others implemented the structure and made better digital form of currency. They are often termed as ALTCOINS which means Alternate coins of bitcoin.

To record all the transactions of the bitcoins a public ledger called BLOCKCHAIN has been invented. The blockchain plays an important role, the whole bitcoin network completely relies on the blockchain.

Now you are ready to start reading the infographic!
Learn and Enjoy.

 

Beginner's guide to Bitcoin and Blockchain technology, Holytransaction

Beginner's guide to Bitcoin and Blockchain technology, Holytransaction

Beginner's guide to Bitcoin and Blockchain technology, Holytransaction

Beginner's guide to Bitcoin and Blockchain technology, Holytransaction

Beginner's guide to Bitcoin and Blockchain technology, Holytransaction

Beginner's guide to Bitcoin and Blockchain technology, Holytransaction

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack
Industries Crypto and Blockchain are Disrupting, Holytransaction

4 Industries Crypto and Blockchain are Disrupting — Aside from Finance

Industries Crypto and Blockchain are Disrupting, Holytransaction

As technology continues to shift society, companies are quick to adapt to the digitised landscape. Everywhere, service providers are looking for new ways to enhance their performance, cut costs, and cater to customers more efficiently through new and evolving tech.

This is where cryptocurrency and blockchain come in. Initially, blockchain was designed to facilitate the transfer of bitcoins and other cryptocurrencies. But at its core, it’s a shared database containing multiple encrypted entries. This public ledger is capable of recording high volume transactions across the globe, with its decentralised nature lessening the risks of fraud.

That said, blockchain technology has a wealth of potential uses. It not only presents companies with a safer alternative, it also eliminates the need for tedious, paper-heavy manual processes, such as bookkeeping. Business Insider notes that its increasing popularity has proven useful in the world of finance, where the revolutionary sector known as Fintech is making strides. This advancement is providing technological solutions and simplifying complex mechanisms, as underlined on a previous article here on Holy Transaction. Beyond that, blockchain is poised to radically restructure many of the world’s most important industries. Here are four fields that this innovative technology is currently disrupting.

Supply Chain and Logistics

The supply chain and logistics industry is full of opportunities for human error. Multiple factors such as time delays and high costs can create a ripple effect that is felt throughout the entire process. With blockchain technology, every transaction can be documented and stored in a permanent database — from manufacturing to point of sale. The reliability and integrity brought about by blockchain is an advantage that many global companies such as Unilever and Dole are now beginning to take advantage of in their respective supply chains.


In truth, blockchain technology is just one of the many ways the supply chain and logistics industry is taking advantage of continuing innovation. Truck platooning, for example, is already being hailed as the future of transportation. Meanwhile, a recent mandate for the use of Electronic Logging Devices (ELDs) from the U.S. Department of Transportation also leverages the latest technology to make highways safer and driver tracking more efficient. Verizon Connect highlights how ELDs can be used to optimise driving routes, thus maximising mileage and movement. The use of these ELDs by thousands of trucking companies has allowed them to automatically time driving hours, monitor engine time, and look in-depth into information routes. The regulation was implemented in the U.S. just last December, and other countries are expected to follow suit in the future. With these innovations, along with blockchain technology’s assurance of more secure and transparent transactions, the growth possibilities across the supply chain are endless.


The Property Market

Purchasing or selling properties comes with a bottomless pit of paperwork and the hassle of going through various middlemen. Blockchain is turning the real estate industry on its head by driving power back to homeowners and buyers themselves. One company at the forefront of this shift is Deedcoin Inc. Deedcoin’s mission is to provide much-needed transparencybetween all involved parties and improve their relationship, which they are doing by tokenising the process and eliminating any middlemen. Moreover, this cryptocurrency-powered platform is putting an end to frustrating agent commission rates, making home ownership more feasible for a greater number of people. Meanwhile, Holland is gearing up to implement a blockchain-based system for their national Land Registry.

Healthcare

For years, the healthcare industry has been calling for a long overdue update when it comes to storing medical research, billings, and records. Because the industry is practically drowning in data, it opens up a lot of potential for mistakes, fraud, and displacement. This has bred distrust between patients and healthcare providers, but as John Halamka of Beth Israel Deaconess Medical Center has shared, “Now is probably the right time in our history to take a fresh approach to data sharing in healthcare.”

By securely storing medical records that can be accessed by authorised personnel only, blockchain technology is able to aid in restoring the trust between patients and doctors. In the future, it will also help to identify patients. Here in the EU, the Innovative Medicines Initiative is also working to implement a blockchain-enabled healthcare program that helps patients gain faster access to life-saving medication. The tech will also work to check the authenticity of drugs and put an end to the counterfeit medication market, which is estimated to be worth 160 billion Euros.

Gaming

Even gaming isn’t exempt from the tech touch. Many players and investors are already acknowledging the mountain of opportunities that blockchain brings to the table. Gamestatix co-founder Dean Anderson stated that there was previously no feasibly way to financially compensate players for co-creating games. However, blockchain technology has paved the way for a model that guarantees financial rewards for all. Gamers will be rewarded with cryptocurrency for test-driving and reviewing games, providing valuable feedback to developers, and promoting games across social media. By providing monetary incentives, it puts an end to free labour, thus encouraging better quality of games.

For more articles on cryptocurrency or information about crypto exchanges, be sure to explore the Holy Transaction website.

Article produced for holystransactoin.com
By: Hannah Wright

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack
Blockchain, Holytransaction

3 Reasons Why Earning Blockchain is Worth Getting Excited

Blockchain, Holytransaction

The rapid advancement in the concepts such as- Blockchain and Bitcoin are gaining widespread popularity. Nowadays cryptocurrencies have become the talk of the town and the way its value increases, it grabs the attention of various people around.

Concept and importance of blockchain

Today most of the individuals who are working in the blockchain industry for the first time think this is the best career path they have chosen. There are several companies which have already begun to adopt the concept of blockchain technology. It is the most incorruptible digital ledger which is used for the economic transaction that you can also program to record.

The blockchain holds immense importance in a few manners which is why it is highly popular-

  • Being entirely different from the concept of Bitcoin, the best part about blockchain is that it allows you to execute the contracts efficiently along with transferring money.
  • Since by using the internet you can quickly get information to almost everything, thereby limiting the use of newspapers. It has become quite easier with both blockchain and cryptocurrency to transfer money, thus permanently bypassing the middleman.
  • As it is digital money, its process can be recorded since the moment networking on the same begins. Thus it makes the valuable transfer as well as the accounting a whole lot easier.

With so many advantages, there is no doubt that why taking a Blockchain Course, can be fruitful. Moreover here are the top 5 reasons for why earning blockchain is essential-

       1      Good Futuristic Value- Over the past few years, blockchain investment has increased a lot, and it is certainly the best place to make sure career keeping future growth in mind.  The blockchain’s productivity has slowly begun to unlock the flexibility of the business and also ensuring that the changing market dynamics are fully met, and the overall efficiency of business gets improved.

    2.  More ways to Explore- Being a huge sleeping giant, you can utilize blockchain technology as a platform to explore different ways. In order to ensure that various services are well secured and without any error, many engineers are trying to utilize this technology. It has certainly a big scope and various startups are already running with it.

    3. Huge demand- As we are aware that the blockchain technology is an ever-increasing sector, and numerous opportunities are waiting for you. Cryptocurrency is one such application for the blockchain technology that is utilized by the startup organizations along with the various famous enterprises.

      4.Good salary- As we already know that the demand for this option is very high, and you can expect good salary. As it is both improved and progressive technology, it is quite tough to get placed in here, but once you do there is absolutely no compromising with the salary.

Closing thoughts

Choosing a blockchain industry is certainly a good career path for any individual from any domain. However it is complex in its initial stages, but after a thorough understanding you will be able realize how rewarding it can be.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack
Things You Should Know About Crypto Currency, Holytransaction

Things You Should Know About Cryptocurrency

Things You Should Know About Crypto Currency, Holytransaction

Living in a world of technology, where news through social media and live broadcasting is at our fingertips; it would be foolish to presume that the readers are oblivious of the word “cryptocurrency.” 

All of us must have heard this word cryptocurrency on the media and if not there, then at dinner parties surely. But unfortunately, just knowing the word doesn’t mean you can interpret or pick what it is and how does it work.

No worriment, you are not all alone, despite the hype and press releases there is an overwhelming majority of people who have insufficient knowledge about cryptocurrency including bankers, finance dealers etc. Now let’s discover what the fuss is all about, reading the article will end up providing you the information more than most of the people.

Cryptocurrency a digital asset

“Cryptocurrency will do to banks what email did to the postal industry”

The comprehensible definition of cryptocurrency: “A cryptocurrency is a digital or virtual currency.” but why it is called “Crypto” currency because it uses cryptography for security.

Or it is a digital medium of exchange that uses encryption to secure the process involved in the transaction. The encoding process makes it impossible to counterfeit the cryptocurrency; therefore making the fund transfer safer between two parties.

You can easily find more than 800 digital currencies in the market and Bitcoin is just one of them. Need to mention it as many people think that cryptocurrency and Bitcoin is the same thing with two different names. Like cryptocurrency is a whole tree and Bitcoin is just a branch of it.

Although, Bitcoin is the world’s oldest and well-known cryptocurrency, like any other digital currency it is not regulated or backed by the government. Sir Richard Charles said, “There will be other currencies like it that may be far better, but in the meantime, there is a big industry around Bitcoin.”

You might have heard the words Etherium or Litecoin, just other names of Cryptocurrency. Moreover, the name, symbol, and the price of the cryptocurrencies can be different depending on its end goal. When bitcoin first arrived, they were intended to be a way for the world to break away from banks.

The use of cryptocurrency 

Other than just an increase in value, many other reasons make it imperative for users to own it. It bestows the possibilities that no other currency allow. For example, the following

  • You can use it to sell or buy products and services like any classic flat currency. But the trick is you have to find the donor or the acceptor who deals in cryptocurrency.
  • Send or transfer money at low cost and high speed.
  • Crypto-currencies act as a censorship-resistant alternative store of wealth; it means it can only be accessed by the owner, a person who has private keys to the wallet. Therefore, no personal cryptocurrency wallet can be frozen by the authorities.
  • It provides you the great investment opportunities; you can even transfer your retirement funds into an account for Bitcoin, Etherium, Ripple et cetera. And if you want to avail these services at shoestring budget, you can use coupons.
  • With cryptocurrency you can transfer large amount of money with being answerable to government or bank that why, who and how much.

        Conclusion

The market for cryptocurrency is rapid, vast and wild. Every day it takes a new twist and turns; the new currencies pop up, an old one dies, early adopters get rich, and investors suffer losses. But the fact is that people all over the world are buying cryptocurrencies, investing in it as they are sure that cryptocurrency is here to stay and change the world and that’s an undeniable truth.   

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack

Welcome to the Universal Wallet and Exchange, VeChain.

If you thought about holding or exchanging VEN Token, now you can do so directly with your HolyTransaction Universal Wallet.

It’s now possible to add VEN wallet to your dashboard and use it to access and exchange 22 different crypto, instantly. This is just one of the many recent adoptions, which brought the number of cryptocurrencies accepted on our platform to 22.

Now you are free to store VEN on HolyTransaction, transfer them to any other wallet, and make crypto-to-crypto transfers from and to VEN. All HolyTransaction customers can create a new address for their own VEN Token Wallet.

VEN Wallet features
Just like Bitcoin and all the other 21 digital currencies supported, you can now:

• Send VEN Token to any address, even to addresses of other crypto, with instant conversion on the fly;
• Receive transactions;
• Exchange VEN Token with any supported coins;
• Make instant transactions between HT users;
• Get real time exchange rates on the website;
• Set OTP for additional protection.

If you are not able to see your newest VEN Wallet, you just need to click on the “plus” button on the top right of the balance page, once you successfully login into your own wallet.

VeChain and the VEN Token:

VeChain is a thriving blockchain platform offering Blockchain-as-a-Service to enterprises for products and information. The Team have effectively pursued project involving consumers’ products from the luxury sector. It is a truly innovative business-scape.

By leveraging on blockchain technology, VeChain strives to build a trust-free and distributed business ecosystem, which is self-circulating and scalable.  In their vision, enterprises could enjoy the benefits of the blockchain: transparency and value flows at high-speed rates.

With a strong portfolio of partners, VeChain intends to model these successful implementation cases as industry templates to build the next phase of expansion.

“We are relentless in the pursuit of being the world’s first blockchain company to change the world for the better. Our original vision has never been changed. The dream is still the same as before:

To build a trust-free and distributed business ecosystem by enabling the flow of information and values at high-speeds through collaboration with enterprises.”

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack
The industrial Revolution rides on Blockchain, Holytransaction

The Industrial Revolution rides on Blockchain

The industrial Revolution rides on Blockchain, Holytransaction

Blockchain technology has often been confused with cryptocurrencies.

This is the reason why people barely understand this crazy crypto world.

Indeed, we can say cryptocurrencies are projects born and raised on the Blockchain technology. We have to look at them as startups, which try to transform a sector or an industry providing a solution based on their coin.

In fact, the core strength of Blockchain lies in the capability to allow the exchange of data securely, anonymously and in a decentralized way; keeping them unchangeable.

Data mean money, votes, info, intellectual property and so on.

This is precisely why it is a revolution. Now maybe you can better understand why some fundamentals values of the blockchain scares government and authority. Being decentralized means NO MIDDLEMAN.

Moreover, we are glad to provide the more curious ones, with this compelling infographic which explains the transformational impact of the Blockchain Revolution on various industries.

Thanks BitFortune for sharing it with us.

 

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, Holytransaction

The industrial Revolution rides on Blockchain, HolytransactionThe industrial Revolution rides on Blockchain, Holytransaction

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack
Dogecoin, Holytransaction

You can’t leash the DOGE

Dogecoin, Holytransaction

When ideas and community purpose matter more than the last fin-tech innovation.

Dogecoin is a cryptocurrency, a form of digital money that like bitcoin, enables peer-to-peer transactions across a decentralized network.

If you’ve spent any time on the internet during the last decade, you shall have heard of the Doge meme: the iconic Shibe, barking comic sans quote like, “so scare,” “much noble,” “wow.”

At the peak of the meme’s popularity near the tail end of 2013, Palmer, an Australian marketer for one of the world’s largest tech companies, made a joke combining two of the internet’s most talked-about topics: cryptocurrency and Doge.

It was a joke taking aim at the bizarre world of crypto and at the recent coin-naming hype.

“Investing in Dogecoin,” Palmer tweeted, “pretty sure it’s the next big thing.”

And the tweet got a lot of attention. 

So the joke became a true play.

He bought the Dogecoin.com domain and uploaded a photoshopped Shibe on a coin. Adding a note on the site: If you want to make Dogecoin a reality, get in touch.

And this is just the tip. So, If you are interested in knowing the greatest detail of Dogecoin history, we bet you’ll like this article by Alex Moskov published at CoinCentral.com

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack

Ten Years Of The World With Bitcoin Living in a crazy-crazy crypto world.

Bitcoin rose from unknown to mainstream recognition largely thanks the incredulous surge in value it saw in 2017. But then the price went down, sparking yet another heated discussion about the volatile unpredictability of the bitcoin.

Nowadays, discussions are all at their all time hype, but worth just as long as the participants know what they are talking about; and the audience has at least some grasp of the matter. But it rarely happens, as the vast majority of experts are as clueless about the intricacies of the crypto markets as is the general audience.

The infographic below, provided by our friends at BitcoinPlay, will not make us all marketing gurus but will give you a much better understanding about the driving forces behind the world’s first cryptocurrency, how it came to be, who embraced it first and how countries are handling it.
Here’s a selection of our favourite ones:

  • On May 22 2010 two Pizzas cost 10k bitcoins.
  • In 2013 FBI made $48 million by selling on auction one seized 144,000 Bitcoins.
  • 100$ invested in July 2010 is now 18.8 million.
  • Since april 2017 Bitcoin is legal payment method in Japan.
  • Blockchain ledger technology when used by top10 investment bank could save $8-$12 billions.
  • Chinese Mining Pool control approximately 81% of the Bitcoin network’s collective hashrate.
  • Overstock, Dell, Expedia, Dish and Microsoft accept Bitcoin payments.
  • University of Nicosia, Cyprus was the first University to accept tuition to be paid in Bitcoin.
  • Bitcoin is vat free in Switzerland.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack

Blockchain: the future of accounting?

Scrolling through this brief and meaningful infographic, provided by our fellows from Maryville University, we can get a glance of the immense and still unexploited potential of blockchain technology in Traditional Business contexts. One for all, Accounting.

Indeed the blockchain creates a decentralized ledger of all transactions where all records are updates and accessible to everyone in real-time.
And as everyone can perceive, this is a paradigm shift when it comes to subject like accounting.
This technology completely changes how monetary transaction are made, logged and given accessibility to. So its value for the Future of accounting is absolutely undeniable.

Some of the greatest possibilities which the blockchain empowers are:

1 smart contracting
2 consolidated bookkeeping
3 standardization in auditing
4 Security and Trust
5 Less Paperwork for accountant

Today, blockchain technologies outside of cryptocurrency and digitalized accounting systems are still in their infancy. And the best course of action for a smart professional is to brace for disruption and stay ahed of digital trends.

We are all witnesses in this era of revolution. But witnessing is not what counts.

Holytransaction, Marville University infographic - Blockchain the future of accounting

Credits:

Infographic from Maryville University Online Bachelor of Accounting Program

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack