Category Archive: blockchain technology

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Schermata 2018 02 09 alle 16.39.47

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
Untitled design 8

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
creative

Creativecoin Wallet: HolyTransaction adds CREA


Do you want to open a Creativecoin wallet?

You are in the right place, as we at HolyTransaction decided to add this cryptocurrency among the 17 crypto available on our multicurrency wallet.

So, from now on you can store Creativecoin on Holytransaction, transfer them to any other wallet, and make crypto-to-crypto transfers from/to Creativecoin, and ten more cryptocurrency’s networks.

All HolyTransaction customers can create a new address for their own CREA Wallet and use the user-friendly HolyTransaction Wallet platform to send and receive transactions or to instantly convert them to any other cryptocurrency we currently support.

Creativecoin Wallet features

Just like Bitcoin and all the other supported digital currencies, you can now:

  • Send Creativecoin to any address, even to addresses of other cryptocurrencies with instant conversion on the fly;
  • Receive transactions;
  • Exchange Creativecoin 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 Creativecoin 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.

What is Creativecoin?

Creativechain has created its own coin called Creativecoin (CREA), the first cryptocurrency designed to meet the needs of all creative communities that produce and distribute digital content.

Creativechain is a decentralized platform for the registration and distribution of multimedia content that proves in an indelible way the authorship and license of any work or creation.

Imagine a social network of content exchange like Facebook, Spotify or Youtube totally decentralized, without managers or intermediaries, without censorship and with its own P2P system of electronic money based on its own cryptocurrency.

The technological innovative proposal of this platform also directly challenges the centralized power of traditional systems of copyright management entities.

The platform applies the power of attorney of blockchain technology to create incorruptible timestamps that certify the authorship of any digital work such as photos, videos, films, texts, electronic books, software or any digitizable file. Creativechain is presented as a public and transparent alternative of intellectual property registration according to the new times, in which there are so much cultural production circulating on the internet.

Blockchain technology opens up a universe of possibilities for the registration and distribution of intellectual property without intermediaries. The power of attorney along with the decentralized p2p distribution of digital content create a new paradigm shift in the era of digital culture.

So, do you want to open your CREA wallet? Click here.

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

Satoshi

Visa will test the Blockchain

visa_will_test_the_blockchain

Visa will test the Blockchain

London payment giant Visa will test the blockchain to improve interbank payments. 
In fact, Visa Europe Collab announced today that its innovation lab started to test the distributed ledger with BTL Group.
Together the companies will try to explore how the blockchain and smart contracts can be useful for transactions among banks.
In the press release, co-founder of Visa Europe Collab, Hendrik Kleinsmiede, explained that the two partners wants European banks to join their program to use the technology for live payments.
“We’ll work closely together on the development and implementation of the PoC, ensuring that all participants come away with new knowledge and insight into the role that the blockchain could play in interbank settlements in the future.”
According to an article published on the Financial Times, Visa and BTL will try to finish the project within 100 days.
This is not the first project that sees Visa Europe Collab using the blockchain.

In July, Visa revealed a micropayments trial and a project to extend the reach of traditional payments.

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

Satoshi

Ethereum and Arcade City could kill Uber

A few days ago Don Tapscott suggested the idea that the blockchain could cause the death of services like Uber and Airbnb.
And it seems like this is truly happening, as a service called Arcade City has officially published a press release where they “declare war on Uber over fare cuts and plan to replace drivers with self-driving cars”.

Arcade City is an open marketplace where riders connect directly with drivers. It only works via a mobile app, available for both iOS and Android. 

How it works

Let the company speaks for itself:

It works through the Ethereum Blockchain

Most importantly, Arcade City integrates the Ethereum blockchain.
During a recent interview with CoinTelegraph, Christopher David, founder at Arcade City, commented: 

“the main deciding factor was that the vision of Ethereum aligns precisely with our own vision of peer-to-peer transportation and distributed logistics”.

Where can we move with Arcade City?

At the moment Arcade City is active in the US.
These are the states: Arizona, Arkansas, California, Colorado, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Maryland, Michigan, Minnesota, New Mexico, North Carolina, New Hampshire, New Jersey, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Texas, Virginia, Washington and Washington D.C.
Drivers are also available in Australia; while Mexico, Canada and Sweden will be launched next spring.

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

Amelia Tomasicchio
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Helperbit wins the Blockchain startup competition in Amsterdam

On February 18th Helperbit won the blockchain startup competition held at the d10e in Amsterdam.
Helperbit is a “natural disaster management platform” that aims at helping stricken people with a simple peer-to-peer donation system.

Blockchain + GIS

Obviously this is possible thanks to the blockchain technology that allows a smart and fast transfer of values. Also, thanks to the interaction between the blockchain and the geographic information system (GIS) Helperbit can store all the information concerning the effects of the natural disasters.
The platform will be active in case of earthquakes, but also it will be extended to all the different natural disasters, such as hurricanes, fires and floods.

Blockchain Space

Again on February 18th, it was held the inauguration of the Blockchain Space, a “focused startup accelerator for talented visionaries creating disruptive solutions to real-world problems using blockchain technology”.
Among their selected startups, obviously there is Helperbit, who presented its project during the event held in Barcelona.
Helperbit team members are: Vincenzo Agui, Davide Menegaldo, Guido Baroncini Turricchia, Davide Gessa, Roberto Tudini, Gianluca Carbone and Luigi Angotzi.

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

Amelia Tomasicchio
Gemaltobuilding

Gemalto joins Symbiont to use the Blockchain

Recently we talked about several companies all around the world, like Microsoft or IBM, that are conducting tests about the blockchain and how to introduce it on their business.
Well, today is the turn of Gemalto, a digital security multinational who announced today its interest in the bitcoin technology.
Gemalto has in fact started a new partnership with Symbiont, a well-known blockchain startup that aims at “bridging the gap between the emerging blockchain ecosystem and Wall Street, with the first issuance and trading platform for Smart Securities™”.
According to a new interview with Gemalto’s vice president of business strategy Mark Yakabuski, the blockchain has two potential applications within the market.
These are his words:
“We believe that the first generation of blockchain is going to be driven by the financial services industry. The second generation, we believe the blockchain has the ability to be adopted within the Internet of Things. […] From what I’ve seen, security within the bitcoin and blockchain solutions is certainly in its infancy and there’s a lot of room for growth and improvement. […] But we believe that the solutions built on blockchain will expand quite rapidly, and we want to be a leading security option for our customers as that expands.”
So Gemalto – together with Symbiont – wants to find all the possible applications of the blockchain (like smart and programmable contracts, for example) and also wants to use the Bitcoin technology to improve Gemalto’s existing hardware and APIs.
“Our partners are looking for the level of assurance we provide on our products, and that leads us to believe that these ledgers are going to be adopted by those institutions”, he continued during an interview with Coindesk.
However, it is important to remember that Gemalto already works with some bitcoin exchanges, using its HSMs for cryptographic security.
Furthermore their techs can “adopt to new use cases, and we’re doing what we’ve done across financial industries, which is protecting identities and the transactions they perform”, continued Yakabuski.

About the author: Amelia Tomasicchio is a writer and a journalist of Bitcoin-related news and articles. She started writing about Bitcoin in 2014 and she graduated in Rome with an essay about movie industry related to Bitcoin.

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

Amelia Tomasicchio