Walmart, General Electric, what do these Titans have in common?
Walmart, General Electric and other supply chain companies suddenly are hugely interested in Block Chain!
Everyone is getting frightened with the current price of Bitcoin, but while the price is getting lower, adoption is getting greater. Companies more and more are beginning to understand the power of Blockchain, the technology brought to us by Bitcoin, and more than that they are beginning to understand that these "alt coins" aren't just investment vehicles, but actual companies that are leveraging the Blockchain to do incredible things. For example, Ethereum invented smart contracts which enables Blockchain to not just record transactions, but any data that you can think to program into the code https://ethereum.org/. iOlite, is another such company that utilizes its technology to let people do do not have coding knowledge to manipulate Smart Contracts https://iolite.io/. Most of these projects are open sourced which allows for peer review. Open source not only allows for peer review but it allows for the collective knowledge of the world to work on the project. Think of it like this, Windows is worked on by the people paid to by Microsoft and it is good, but Linux is open sourced so it can be worked on by anyone, 96.5% of all the worlds servers use Linux operating system, need I say more? - https://www.makeuseof.com/tag/linux-market-share/.
Now block chain is not the only breakthrough, since the invention of Bitcoin and all of the Blockchain projects that have sprang up, we also have Tangle (created by Iota) and Holochain (by Holochain), in the mix. Blockchain, Holochain and Tangle could all be viable options for supply chain tracking, personally for this I would choose Holochain, but that is just opinion. For more information on Holochain and Tangle check out the article I wrote on them a few days ago:
https://steemit.com/blockchain/@embomb701/holochain-vs-blockchain-vs-tangle-pros-and-cons-side-by-site-by-side.
In conclusion, with the increasing adoption of Blockchain, all of the projects utilizing it and the other technologies that have arisen from its wake, I am very confident that the current price action is merely some turbulence on the rocket ride to the moon. GE and Walmart are among the largest companies in the world, their interest alone bodes well for Crypto.
Video by:
Thomas Diroll II
Published on Sep 29, 2007
Please leave comments below, we would love to hear your thoughts on the above topics, thanks for reading.
By:
Frank Aiello (embomb701)
7/13/2018
Interesting content friend, greetings.
Thank you, thanks for commenting, glad you enjoyed it.
@embomb(701) thanx for this post. Am being encouraged right now.
Glad to help my friend, it will take some time but Bitcoin will turn around in my opinion.
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