Sunday, August 20, 2017

Blockchain May Give Rise To Even Smarter B2B Marketplaces

Blockchain May Give Rise To Even Smarter B2B Marketplaces

Does blockchain mean boom or bust for existing B2B networks? On one hand, blockchain -- a series of open and global distributed ledgers -- promises to smooth and validate the interactions that take place between organizations and their customers, partners and suppliers. On the other, blockchain's value proposition is that it takes out the middlemen in transactions, enabling more autonomous type of engagements.


As the dot-com boom crested a couple of decades back, we saw a plethora of online B2B exchanges emerge across key industries, promising electronically delivered communications and trading between hubs, suppliers, customers and other involved parties. Some of these key exchanges have become prominent players within their industries.


Now, blockchain is entering the enterprise mainstream. Recently, some major tech players including Microsoft and Intel have come together to form what they call the "Coco Framework," which offers enterprises the performance, confidentiality, governance, and required processing power they would seek before trusting their assets and data to an unseen, commonly shared platform.


Blockchain promises to eliminate the middlemen in transactions, thanks to its transparent and immutable “smart contracts” embedded within its worldwide code. I recently had the opportunity to sit down with Marco De Vries, senior director of product marketing for the OpenText Business Network, which now oversees such longstanding industry B2B networks as Covisint and ANX. For his part, De Vries does not see blockchain as a threat to existing B2B networks, just as previous technology revolutions such as XML have often resulted in more complexity, not less. “We’ve seen the stories of the end of EDI and B2B for a long time,” he points out. “Even if blockchain takes off, for certain industries, it probably isn’t right for every part of the supply chain,” De Vries. “Many predicted AS2 standards would replace B2B networks. What we found with AS2 standards is that organizations actually faced more and more complexity. It’s difficult to keep up with all the changes. There are 50 different XML standards, and if I’m in a lot of different industries, how am I going to keep track? I can’t foresee the world managing their own blockchains.”


Full story at http://bit.ly/2x2nqux


Source: Forbes


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Each Bitcoin Could Be Worth $619,047 In 10 Years

Each Bitcoin Could Be Worth $619,047 In 10 Years


Cryptocurrency is the word which first comes to mind when talking about exotic investments. The question is: Is this really an exotic investment and how do we even define an exotic investment? The exotic investment brings up the memories of the great Tulip Mania in Holland, which died in 1637. Speculators paraded against the first stock back in the 1600s and here we are today looking at something that is bigger than that. Since the birth of Bitcoin in 2009 for half a cent, the price has hit the high of $4,477.


The general consensus among the investment community is that the price is in a mammoth bubble territory and it would crash. After all, we have witnessed a number of crashes in the equity market since its birth. The NASDAQ, the blue-chip index, experienced a massive crash on the back of the tech bubble when it fell by 78% in the 30 months ending 2002.


The market has not only recovered from that level in the preceding years but it has made record highs, and to date, it is up nearly 26%. Just to put things in perspective, the NASDAQ index is up 486% from its tech crash low. For every trader, the NASDAQ tech crash became the child poster case study for graduate school but the reality is that crashes do take place all the time and in all markets.


Full story at http://bit.ly/2x2kSMK


Source: Forbes


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'Bitcoin cash' soars to record high above $900 as 'mining' profits jump

Bitcoin cash soars to record high above $900 as mining profits jump


The bitcoin offshoot surged Saturday to a record high in high trade volume, helped by strong demand from South Korea and digital currency "miners" who found the offshoot more profitable to mine.


Bitcoin cash, an alternative version of bitcoin launched by a minority of developers on Aug. 1, climbed 44 percent to $996.92, according to CoinMarketCap. That's the highest bitcoin cash has ever traded in its less than three weeks of history, and a jump of almost 374 percent from its low of $210.38 on its first day of trading.


Bitcoin cash traded off that high at $944.45 in mid-morning trade, still less than a quarter of the original bitcoin's price.


Full story at http://cnb.cx/2x2tHWW


Source: CNBC


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'Bitcoin cash' surges 40% in single day as investors bet on its faster processing speeds

Bitcoin cash surges 40% in single day as investors bet on its faster processing speeds


The bitcoin offshoot, bitcoin cash, soared Friday after indications the alternative digital currency could achieve its goal of speeding up transactions.


Bitcoin cash rose 40 percent from Thursday's close of $460.53 to briefly hit $655 Friday afternoon, according to CoinMarketCap. That's the highest since bitcoin cash touched $756.93 on Aug. 2, the day after bitcoin split into bitcoin and bitcoin cash.


However, the volatile surge was even greater when considering bitcoin cash hit an intraday low of $293 Thursday before climbing to $460.53, according to CoinMarketCap.


Full story at http://cnb.cx/2x23rvZ


Source: CNBC


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Bitcoin Prices Retreat Toward $4,100 While Bitcoin Cash Soars

Bitcoin Prices Retreat Toward $4,100 While Bitcoin Cash Soars


Following a week of thrilling price gains and two all-times highs – $4,483 on August 15, and $4,520 on August 17 – bitcoin prices have now slumped back toward $4,000.


Opening the session at $4,159, price across global exchanges peaked early at $4,406 and have since steadily dropped and at press time had recovered sightly to $4,112. The low for the session was $4,040, according to CoinDesk's Bitcoin Price Index.


Bitcoin's market capitalization now stands at over $67 billion, down from $73 billion two days ago, according to data from CoinMarketCap


Full story at http://bit.ly/2x2Te2g


Source: CoinDesk


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