Big companies moving to blockchain and diamond-backed crypto assets coming
Good morning traders and blockchain fans! Blockchain - the talk of the town, but outside of trading crypto, we should always be looking how individuals and companies can make use of them and enforce the digital revolution.
Recent news tell us that Samsung, the Korean technology monster, is taking step to integrate blockchain into their current software platforms.
How? Well, throughout the most part of 2017, Samsung's IT subsidiary ran a test operation, where all necessary shipping documents - import and export data, logistics, partners, customs docs - were stored on a blockchain in order to see how much bureacracy could be cut out, to make information more easily accessible to all parties and increase transparency and as it turns out, the experiement was a whopping success.
credz: pixabay
Vice President of Samsung SDS (the IT subsidiary of Samsung) said that the shipping bureacracy costs of the ten billion dollar industry can easily be cut by 20%, if not even more, by integrating blockchain to existing solutions.
The timeline of this project is unknown, but it has the governments backing, as Samsung is one of the biggest tech giants of the world. Still, the enthusiasm Korean government welcomes and supports this project, is evidence that the cryptocurrency crackdown people keep FUDing and tallking about, is not a major threat to the blockchain and cryptoindustry at all. Perhaps the government is just trying to curb excessive speculation?
Sources used:
financemagnates.com
Diamond backed cryptos
Al Kasir Group, a joint business between an Indian entrpreneur Dr. Amit Lakhanpal and Sheikh Ahmed Bin Obaid Al Makhtoum, a Dubai royal family member, has launched a trading portal for crypto backed diamond assets.
The trading portal will sell 3 kinds of crypto asets, all based on real diamonds. According to Lakhanpal, the diamonds itselves will be certified by the Indian Gemological Insitute.
The value of said assets will fluctuate based on simple supply-demand rules, when the public trading of these assets opens later this year. Ownership can easily be transferred via the blockchain and smart contracts.
As many cryptocurrencies, that we trade today, are backed by nothing, except the technology behind them and our belief in them, crypto assets which are in turn backed by real-world assets, could see a parade of success. Al Kasir Group is already on top of it and plans to open more than 1000 stores worldwide.
Want the early bird discount? Check them out - a mere 19 days left :)
Sources used:
myjoyonline.com
livebitcoinnews.com
legalgamblingandthelaw.com
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@furios-one Your post is very informative. I hope crypto grows and runs into our society, together.
The businesses and prices works for the population's services.
Obviously blockchain technology is a big deal already and it is high time organisation begin to key into it and own it!
@furios-one Good Morning too you.
wow its a really good news for me and every steem user .
Thanks a lot for provide us this valuable information.
just impressing Title. this title make smile every steem user
"Big companies moving to blockchain and diamond-backed crypto assets coming"
Slow and steady, blockchain technology is taking over the world.
Thats great for cryptocurrency. The platform is growing fast as the investors and companies have a huge interest to invest in cryptos and make it our future. Thanks sir @furious-one for the informative content.
Thanks for the information @furious-one Sir. It's a good news for everyone.
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May they big companies want to invest in the platform blockchain.
One by one, companies are integrating blockchain technology in their infrastructures. Decentralized exchanges like Blockbasis offer the highest level of security and give users the highest level of control over their financial assets. We can't wait to see what companies in the future begin to integrate data onto the blockchain for a more transparent world, free of third party intermediaries.