Strategic investing looks a lot different than it did just a decade ago. New and more powerful technologies have made some approaches obsolete while elevating the importance of things like computer algorithms and digital platforms. As The Wall Street Journal wrote last spring, “The quants run Wall Street now.”
Since the start of 2017, cryptocurrencies are further altering the investment landscape by making it more diverse and creating lucrative markets where none previously existed.
Crypto markets are an increasingly compelling opportunity for all types of investors. Individuals are captivated by the intrigue of new digital tokens, and they are encouraged by the potential for more robust returns than through any other investment medium. Even institutional investors are beginning to forge a path into crypto markets.
Regulated Bitcoin futures contracts offered by Chicago-based exchanges CME and Cboe are a compelling investment opportunity that are beginning to pick up steam. Even banking giant Goldman Sachs is said to be getting in on the crypto action.
However, despite their popularity, crypto markets remain uniquely unpredictable. They are frequently characterized by wild price swings that can feel random and violent. Trading cryptocurrencies can be a daunting experience for the uninitiated.
What’s more, slow transaction speeds with high fees are a hindrance to more robust blockchain adoption that can further proliferate such markets.
In other words, while cryptocurrencies are exciting and progressively popular, their capabilities often leave much to be desired.
Now a new platform powered by a forward-thinking digital token is offering solutions that can enhance the future of financial markets.
ThinkCoin Powers the Platform of the Future
ThinkCoin, a new digital token on the Ethereum network, presents a tangible solution to problems related to asset trading, blockchain speed, and cost efficiency. This TCO token powers TradeConnect, a soon to launch blockchain-based financial asset trading platform.
Although TradeConnect is an early-stage platform, it’s ready to offer FX and CFD trading upon its launch. As it continues to advance, the exchange will provide trading options for commodities, derivatives, options, bonds, and other products. In total, TradeConnect will provide an outlet for trading any financial asset in the world using blockchain technology.
In a nod to the transformative power of the blockchain, TradeConnect eliminates the need for brokers or intermediaries in the investment process. Using built-in blockchain tools like smart contracts and tokenized value exchanges, interested investors are connected directly with willing sellers. This makes the investment process cheaper and more efficient for everyone. Rather than charging commissions, the platform is maintained by connection fees, which are based on the type of trading product, and those terms are laid out in the predetermined smart contract.
If the last decade has taught us anything, it’s that large financial institutions are fraught with challenges and their outsized, centralized nature doesn’t do them any favors. With TradeConnect, investors always maintain control of their money, and they aren’t burdened by substantial fees or commissions that typically accompany the use of a big bank.
The platform’s wallet will accept several of the most popular digital currencies including bitcoin, bitcoin cash, ether, dash, litecoin, and monero. To ensure speed and flexibility, all trades are processed off the blockchain, but those records are later uploaded to the chain where they remain immutable, auditable, and secure. This will make the process more efficient so that users can focus on making wise investments, not on the viability of their technology.
All of this is enabled by the ThinkCoin digital token, which is currently in presale and has a public ICO starting in May. A demonstration version of the TradeConnect app is available now in the Apple and Google Play app store.
Financial markets are quickly changing to adjust to new technologies and new investor proclivities. This comprehensive ecosystem is diverse and digital, and new platforms are helping it to thrive. ThinkCoin is emblematic of the broad investment priorities dominating the market. Things like smart contracts, p2p connections, and robust payment represent a bright foray into the financial future.
Blockchain is Eliminating ‘Fake News’ & Returning Ethics to Journalism
Ethereum co-founder Joseph Lubin recently suggested that blockchain-based journalism platforms like Civil can help return ethics to the journalism industry. In order to fully grasp this idea, here’s your technical insight into how this feat can be achieved using the technology lying behind bitcoin, blockchain.
Blockchain removes the presence of middlemen from a framework as it provides a decentralized network where various nodes are directly communicating with each other. Blockchain-based decentralized networks also have their own native tokens which represent value in the network. So the economy that is built around this token unlocks the potential to remove central party where rewards and incentives are shared between the users through specified network rules.
SEE ALSO: An Understandable Explanation of The World’s Most Hip Tech: The Blockchain
Brave, which is an ad-free browser and uses Basic Attention Token as its native digital currency, is one of the best examples depicting the elimination of third-parties while maintaining a sustainable economic model. Through its unique framework, it eliminates middlemen ad-exchanges and directly puts the users, publishers, and advertisers in touch with each other in the network. Based on the metric of ‘Attention’, publishers get their rewards directly from the network. Advertisers pay the network in order to run their ads. Users get to earn rewards if they choose to view the ads. Middlemen ad-exchanges which take up a huge cut in the current frameworks and Brave gives us a glimpse into how they can be eliminated for good using blockchain. But how can this all help improve journalism? Before moving into the matter, the need is to understand the shortcomings associated with the current journalism framework.
UK Parliament Presented Showcase of Real-World Blockchain Applications
The U.K. Parliament has been presented demonstrations of real-world blockchain applications designed to educate policymakers.
Organized by the All-Party Parliamentary Group on Blockchain (APPG Blockchain), the Monday event featured live presentations from four firms working in the blockchain industry: IOTA, Oracle, Everledger and Lloyd’s of London. Among the audience were members of parliament, government officials and industry leaders, according to a statement from organizers.
The live demonstrations highlighted the potential of blockchain in real-life applications in supply chains for olive oil and diamonds (Oracle and Everledger, respectively), international trade (IOTA) and insurance claims and transactions settlement (Lloyd’s).
Fernando Santiago, blockchain research and project manager at Big Innovation Centre, suggested the event could mark an important step for the U.K.’s blockchain industry, saying:
“This is a pivotal moment for UK, which could define our future leadership in governance, commerce and competition.”
In the run-up to the event, the group also published the Online Blockchain Showcase, featuring videos of 10 companies working in the space.
The 10 firms also took to the floor at the live showcase, undertaking a “One-Minute Challenge” proposing how government could drive the use of blockchain, including in the healthcare and education sectors, as well as finance and industry.
According to its organizers, the event was inspired by the positive results of a 2018 analysis of the U.K. blockchain industry, presented by APPG Blockchain on its website along with associated organizations.
APPG Blockchain was set up by cross-party members of parliament to help ensure that the U.K. plays a “key role” in the potential opportunities that blockchain can provide for the nation’s economy, society, governance and provision of public services, according to its parliamentary web page.
Energy sector companies gather in Vienna to discuss blockchain application in the Energy Sector
More than 50 professionals from energy companies are gathering in Vienna from April 10th to 11th for Blockchain and Smart Contracts: Transforming Energy Industry Forum to discuss blockchain application and ongoing digital transformation in the energy sector.
Blockchain has the potential to bring significant benefits and innovation and promise transparent, tamper-proof and secure systems that can enable novel business solutions, especially when combined with smart contracts. The blockchain is expected to lead to much more direct relationships between energy producers and consumers and to strengthen market participation opportunities for small energy providers and prosumers.
During the Forum the participants will understand the fundamentals of Blockchain technology; learn about current development, opportunities and challenges of Blockchain adoption in the energy industry; discuss the role of Blockchain in reducing carbon emissions; get the insights on current innovation trends and new business models; and discuss the role of Blockchain for local energy communities.
Some of 15 real-use case studies which will be presented include:
Lessons learned implementing the Blockchain – by IBM Global Business Services
Current Blockchain projects from PwC – by PwC Deutschland
Digital Class Assets and Multi-signature Counterparties on Blockchain – by NEM Africa
Decentralized Trading of Power. NEW 4.0 – by Ponton GmbH
What is still missing in the Blockchain ecosystem – by Enexis Groep
Blockchain in Practice to Enable Green Local Energy Communities – by Enervalis
Curtailment vs. Renewable Energy Certificates – by Sonnen GmbH
Regulatory obstructions and other challenges regarding Blockchain – by E-Control
The Forum is organized by BIS Group (Business Intelligence Services), an event production and management company based in Europe, specializing in organizing small-scale business meetings and forums. BIS Group supports and empowers progressive and forward-thinking companies with the best practices for today’s fast-changing market.
Save the date and join us on April 10-11 in Vienna!
Venue: Das Reinisch Hotel – Vienna, Austria
Agenda | Registration
Contact person: Lina Kozina, Project Lead – Marketing