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      "parent_permlink": "blockchaintechnology",
      "author": "feelium",
      "permlink": "blockchain-technology-in-the-media-and-entertainment-industry",
      "title": "Blockchain Technology in the Media and Entertainment Industry",
      "body": "![feeliumblog.png](https://cdn.steemitimages.com/DQmWNyBv2ZbFnGh6bx5giutyrCniDGBE9JbCdBaXmYwG9AT/feeliumblog.png)\n“The most important thing about a technology is how it changes people” — Jaron Lanier\n\nBlockchain technology is associated with Bitcoin and Altcoins, but the technology actually has the scope to improve many other industries.\n\nBlockchain technology can transform certain markets in the field of media and entertainment; especially those where users can benefit from the security and transparency. The technology can be effectively used in payments, funding, monetization and contract enforcement.\n\nMicropayments for Content\n\nUsually when media is placed behind subscription-based paywalls, the websites could miss out on the revenue from users who aren’t ready to pay for an entire subscription. No user wants to pay for a single article or to binge watch a season of some series.\n\nBlockchain-powered micro payments can make pay-per-use consumption feasible. Blockchain’s ability to make a record allows precise tracking of when and how the copyright content is consumed. Micropayment pricing model would normally be inefficient to implement, but its execution could be fully automatic and and cost friendly with blockchain technology.\n\nElimination of content aggregation\n\nBlockchain technology is a decentralized ledger and the structure can enable content creators such as musicians or writers to share their work directly with consumers and traditional distribution channels. The ledger is beneficial for everyone from large media houses to independent bloggers. A direct relationship can be worked out between an artist and a consumer, eradicating the need for any other party.\n\nRoyalty Distribution\n\nAs music streaming services continue to become popular, collection and distribution of royalty payments has become more complex and opaque. Every time a song is played as a background tune, or played online, the distributor has to compensate the music’s copyright holder. Disputes occur over the compensation rates of such royalties.\n\nSmart contracts built on a blockchain technology can help bring precision, speed and trust to the process by executing terms and conditions automatically among the different parties. The process can now become much simpler because it would be easy to track a song’s usage and there would be more transparency over contract terms.\n\nFeelium is a blockchain technology platform offering smart contracts for digital trade of goods and services. Smart contracts are self-regulatory computer programs that will execute the terms of a trade without the interference of a third party. Feelium’s smart contracts are cost-effective, secure and user-friendly. Any royalty disputes can be easily prevented by using Feelium’s smart contracts.\n\nRoyalty payments can also be quicker and the division of revenue over other artists and stakeholders will be easier. This implementation will cut off the role of copyright collection associations, who currently act as centralized intermediaries in gathering payments for right holders.\n\nConsumer to consumer sales\n\nIllegal peer to peer file sharing of television shows and movies is already very common, but file sharing can become a legal process that can be controlled and monetized. When a particular user shares a file with a friend on a blockchain-hosted network, the content owners can track and even charge a distribution fee for the same. This process can create an additional revenue system and provide better security on how copyright assets are consumed.\n\nDo you think blockchain technology is the solution to all media and entertainment copyright and payment issues? Comment below if you have insights into how the technology can be implemented for this use.",
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      "author": "feelium",
      "permlink": "blockchain-technology-in-gun-control-and-safety",
      "title": "Blockchain technology in gun control and safety",
      "body": "![13.png](https://cdn.steemitimages.com/DQmRQdC2YZUVLDocApwUuuxWoetjwNRq5C7FY9shEhxix8d/13.png)\nThe first successful application of the blockchain technology was Bitcoin. Blockchain technology is a distributed, decentralized ledger that does not require a financial intermediary, such as a bank.\n\nAccording to Gun Violence Archive, since the massacre at Sandy Hook Elementary School in 2012, there have been 239 school shootings in the U.S.. Despite covering only 4.4% of the world’s population, U.S accounts for 31% of mass shooters. These figures suggest that America has a gun problem, but blockchain technology might have a solution.\n\nMore attention should be paid to control who can buy and access guns. The control can restrict shootings and will lead to fewer tragedies. Thomas Heston, a professor at the Washington State University published a paper suggesting that blockchain technology can actually improve gun control without any change in the existing regulations i.e the govt. won’t have to play a part in the process.\n\nLet us take you on a brief journey about Heston’s paper and how blockchain technology can help improve gun control.\n\nHeston proposes that blockchain technology would track the manufacturer, transfer, and purchase of guns. Also, the database would be reliable, concise and free from tampering.\n\nBlockchain technology would help regulators control the issuance of guns. Before selling, purchasers would go through a background check. The seller and the licensed dealer would approve each sale before it happens.\n\nHeston suggested that each gun owner would have “an electronic gun safe”. This might sound like a physical safe, but it’s actually a digital one similar to a cryptocurrency wallet. Information in the safe is very secure because it would be accessible only through the owner’s retina scan, fingerprint or any other biometric data.\n\nThe safes would include information about all the guns individual owns, identified through microstamping or ballistic fingerprinting. The information would be shared with the next owner after the gun is sold. The condition is that the purchaser would have to pass the background check.\n\nThe safe would also have information about the individuals themselves, such as any history of mental illness, illegal activities or parole status.\n\nWhat are the drawbacks?\n\nHeston’s system might sound reliable but it is extremely difficult to implement. The idea needs a widespread acceptance. The platform has to go out on a large scale and this could cost a lot of money.\n\nAnother issue is the circulation of guns that already exist. It is highly unlikely that the United States would reach a consensus about implementing the technology.\n\nEven though blockchain technology is becoming immensely popular, it is still in a developing state. So, the newness of the blockchain technology could pose a threat.\n\nConclusion\n\nWe are not anywhere near implementing this technology in gun regulation. Recently, Arizona lawmakers even passed a bill about banning the use of blockchain technology to track firearms. With these event, the development of blockchain technology is hindered.",
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      "body": "Congratulations @feelium! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :\n\n[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/posts.png)](http://steemitboard.com/@feelium) Award for the number of posts published\n\n<sub>_Click on the badge to view your Board of Honor._</sub>\n<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>\n\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/steemitboard/@steemitboard/steemitboard-witness-update-2018-09-07\"><img src=\"https://steemitimages.com/64x128/http://i.cubeupload.com/7CiQEO.png\"></a></td><td><a href=\"https://steemit.com/steemitboard/@steemitboard/steemitboard-witness-update-2018-09-07\">SteemitBoard - Witness Update</a></td></tr><tr><td><a href=\"https://steemit.com/steemfest/@steemitboard/steemfest-steemitboard-support-the-travel-reimbursement-fund\"><img src=\"https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmawPYDAwfrQM8YU6ejD1f87g64cvsmEFn8RQKHJMs4zxg/image.png\"></a></td><td><a href=\"https://steemit.com/steemfest/@steemitboard/steemfest-steemitboard-support-the-travel-reimbursement-fund\">SteemFest³ - SteemitBoard support the Travel Reimbursement Fund.</a></td></tr></table>\n\n> Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://medium.com/swlh/how-blockchain-technology-can-transform-the-healthcare-sector-604d1bcdc16b",
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      "parent_permlink": "blockchaintechnology",
      "author": "feelium",
      "permlink": "blockchain-technology-in-healthcare-creating-a-vital-and-efficient-system",
      "title": "Blockchain technology in healthcare; creating a vital and efficient system",
      "body": "![healthcare.png](https://cdn.steemitimages.com/DQmRcR2ZCv8Po3xTErNaSSE6JfqWb4kAykA292PuqjBU252/healthcare.png)\n“I am not telling you it’s going to be easy. I am telling you it’s going to be worth it”. - Art Williams\n\nBlockchain technology became immensely popular after its application in the first digital currency, Bitcoin. But the benefits of blockchain technology are not restricted to just the digital currency world. Today, the technology has excelled in almost every field. Right from wildlife to healthcare, the technology is spreading its wings everywhere.The most precious possession you have is your health and you need to take care of it constantly. One of the biggest benefits of blockchain technology is its use in healthcare. With the growing concerns in the medical field, we need technologies that can benefit us and make the system efficient. \n\n“The blockchain cannot be described just as a revolution. It is a tsunami like phenomenon, slowly advancing and gradually enveloping everything along its way by the force of its progression.” - William Mougyar \n\nLet us discuss how this technology can help healthcare. \n\nBlockchain technology records data in a way that makes it safe from tampering. Security is the most beneficial use of the technology, as the data cannot be compromised. According to a survey by Silicon Republic, the blockchain startups raised $1.4 billion in 2016 and $1 million in 2017. The financial sector has already started implementing the technology.\nNow, in the medical field, the health care services make sure that the patient’s health management is given top priority. The survey conducted by Hyperledger showed that 42.9% of healthcare organizations suppose that the interoperability of electronic health records will lead to faster blockchain implementation; with around 28.6% of the respondents ready to use this technology. \n\nData Provenance and Integrity \nAs there is a constant increase in the number of patients, the data needs to be managed on a regular basis. As the number of patients increases, it becomes tedious for the staff to record all their data. The data includes patient’s health records, electronic records, data collected from IoT devices and medical insurance claims. To ensure proper medical services, it is important to keep track of all the patient's information and history. This is where blockchain technology implementation helps as the data in the blockchain network is stored without any compromise. When the information is stored using blockchain technology, it becomes impossible to remove or alter.\n\nBilling and claims \nBilling and claims management is the process of filing and processing of medical claims related to patient diagnosis, treatments and medications. Many organizations have fallen victim to data breaches where patient files are tampered leading to insurance fraud and thefts. Using blockchain technology, this issue can be resolved because the technology prevents breaching and tampering. \nOne of the problems the medical field faces is drug traceability. The Health Research  Funding Organization found that 10-30% of the drugs in developing countries are fake. Because of drug counterfeiting, U.S loses upto $200 million in a year; however counterfeiting is not the reason itself, but rather that these drugs provide different effects than their traditional counterparts. The drugs may not help the patients at all, or may even be dangerous for the patients health. \nNow, talking about blockchain-based solutions, all the transactions on blockchain technology are secure and it is easy to detect fraudulent drug dealers. Reliable blockchain companies register their products in a private blockchain to authenticate the quality of the medicines. A drug is produced, moved from manufacturer to retailer and all the data is stored on the blockchain network. The whole process and the entire path of the drug can now be easily verified. \n\nData Security in Clinical trials \nClinical trials are used to determine the effectiveness of medicines. These tests can either be positive or negative for a particular hypothesis. In an ongoing clinical trial, researchers hold a great amount of information about the patients’ records and history. Each scientist is responsible for specific research, making it difficult to control everything. This data can be easily changed or tampered and the whole research can be lost. \nBut the use of blockchain technology allows the users to prove authenticity of any data in the system. Any data added is validated by every node in the system. A study was conducted to see how blockchain technology provides proof of existence for clinical trials. It was found that comparing a unique data code, which is set by the system, makes it possible to check whether the data has been modified or not. This happens because of an inner SHA256 calculator which generates a unique hash every time the data is modified. \n\nFollowing are some of the startups that have implemented blockchain technology.\nGuardtime (securing patient healthcare records)\nGem Health \nCyph\nMedRec (securing health records)\nBlockchain Health (medical research management)\n\nBlockchain technology is a reliable and effective technology, that can help prevent data breaches in the healthcare industry. The new advances in the field can help make the system better and efficient. The technology guarantees privacy and security which the traditional system lacks. Let us hope for a brighter future through the use of the technology. \n\nFeelium is a blockchain technology platform provides tools and services for digital contracting. Feelium’s smart contracts and escrow services are self-regulating services protected by blockchain technology. Learn more about Feelium’s services on www.feelium.co",
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      "author": "hekang",
      "permlink": "re-feelium-roaring-its-way-into-wildlife-blockchain-technology-20180906t132639187z",
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      "body": "<a href=\"https://nexusbot.io/\">NexusBot.io</a> - Best Crypto Trading Bot\n<br />\n- Bittrex<br />\n- Poloniex\n- Bitfinex<br />\n- 50+ exchanges\n\nWelcome to <a href=\"https://nexusbot.io/\">NexusBot.io</a>",
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      "parent_permlink": "blockchaintechnology",
      "author": "feelium",
      "permlink": "roaring-its-way-into-wildlife-blockchain-technology",
      "title": "Roaring its way into wildlife: Blockchain technology",
      "body": "![Too late to invest in Crypto_ (8).png](https://cdn.steemitimages.com/DQmeWndLE8H5kssX4YxHtuLWXNGihzZLQXQcKwQLZLph4fr/Too%20late%20to%20invest%20in%20Crypto_%20(8).png)\n“It is not about whether animals will survive, it’s whether man has the will to save them” - Douglas Williams\n\nBlockchain technology has been one of the most promising technologies since its introduction as a payment platform in 2009. The technology is not restricted to a particular sector and researchers are coming up with innovative ways to use blockchain technology to make the world a better place.\n\nCryptokitties is one of the world’s first blockchain-based games. Cryptokitty, developed by Axiom Zen and Animoca, allows users to buy, collect, breed and sell various types of virtual cats. While the concept may seem a little weird to some, a market for cryptokitties does exist and in May, a kitty was sold for $140,000 in an auction! Till today more than $20 million cryptokitties have been transacted.\n\nAiming to capitalize on this interest, Axiom Zen, along with NGO’s Ocean Elders and ACTAI Global created “Honu”, a sea turtle inspired cryptokitty. Honu is half- cat and half -turtle, which was specifically created for the benefit of a charitable cause, in this case - conserving ocean and wildlife. The auction started on 9th July and ended on 15th of the same month. Before this auction, cryptokitty charity auctions have raised as much as $140K! The highest bid on Honu was $25,000.\n\nCassidy Robertson, a member of Axiom Zen says that the partnership with Ocean Elders and ACTAI Global was purely for the fundraising of the various sea turtle conservation efforts. Also, Zen said that the proceeds from the Honu auction will support the work of Operation Jairo, lead by the Sea Shepherd Conservation Society. Also, the funds will benefit Unite BVI, in the British Virgin Islands protecting endangered sea turtles during mating from poachers and from illegal harvesting.\n\nWhen cryptokitties came to light in 2017, it caught a lot of attention. The platform was built on an Ethereum blockchain network, but the data was not stored on the network, which made it vulnerable to tampering. The game was thus criticized for not being a true blockchain-based game. This is where Panda.earth differentiates itself.\n\nPanda.earth is PC and mobile friendly, and can be used with a simple login procedure. Panda.earth has access to hundreds of actual pandas from which to derive data and maps for simulation on the blockchain network, achieving real world mapping. Panda.earth is a decentralized database for exclusive real world panda facts, made more appealing by the fact that only 100 of these digital pandas exist.\n\nThe world wildlife fund estimates that there are no more than 1864 wild pandas left on our planet. Panda.Earth’s aim is to save this rare species. The platform integrates education and awareness of giant pandas into its game, teaching the players about living conditions, propagation conditions and distribution. The mission is to bring about awareness of endangered species.\n\nPanda.earth can also combine changing trends of the natural environment and code them into smart contracts alongside the number of digital pandas, to open up a new concept of collectibility and rarity, rewarding some players with rare breeds.\n\nBlockchain technology continues to impress us. Feelium is yet another innovative blockchain technology platform which offers smart contracts compatible with any industry on the planet.",
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      "author": "steemitboard",
      "permlink": "steemitboard-notify-feelium-20180903t173844000z",
      "title": "",
      "body": "Congratulations @feelium! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :\n\n[![](https://steemitimages.com/70x70/http://steemitboard.com/notifications/firstcomment.png)](http://steemitboard.com/@feelium) You made your First Comment\n\n<sub>_Click on the badge to view your Board of Honor._</sub>\n<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>\n\n\n\n> Do you like [SteemitBoard's project](https://steemit.com/@steemitboard)? Then **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!",
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      "body": "Uncomplicated article. I learned a lot of new things. I signed up and voted. I will be glad to mutual subscription))))",
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      "title": "Make Space For Blockchain Technology: Applications In Space Technology",
      "body": "![Too late to invest in Crypto_.png](https://cdn.steemitimages.com/DQmVWCijFtx3fcMGguq3rqJ3uDrNXzY73vt6uU4nYxSYS2o/Too%20late%20to%20invest%20in%20Crypto_.png)\n“So much universe and so little time”. – Terry Pratchett\nThe outer-space has never failed to fascinate us. As technology excels, space organizations are exploring the potential of blockchain technology to improve space communications. Both major corporations and smaller private companies have started their journey towards incorporating blockchain technology and space exploration. Let us go through the different space bound projects that are already on the go. \nNASA\nThe National Aeronautics and Space Administration aims at using blockchain technology in space with its future plans for deep space analysis. NASA recently funded  $330,000 USD to the University of Akron for the research of blockchain technology to improve space communications. The researchers at the university are working on developing RNCP (Resilient Networking and Computing Paradigm) for space exploration. When the team was asked about the research, they said blockchain technology could help design a safe and decentralized network for regulating the massive data for space exploration and science. Also, automating crucial operations can be easily dealt with and the robustness of data collection in space can be improved. \nSpace X \nWith its most recent success of launching the world’s most powerful rocket, The Falcon Heavy into space, Space X is now quite famous in the world of space technology. The company intends to build a constellation of 4425 broadband satellites in order to create a universal internet backbone. The low orbiting satellites are expected to be deployed into space by 2019 and will be used to create a mesh network of inter satellite links. Bitcoin.com says the prospect of this network is significant to blockchain technology, as it has the ability to utilize the working of bitcoin nodes globally.\nSpace Decentral \nSpace Decentral is a decentralized autonomous organization (DAO) that utilizes blockchain technology to drive a citizen led social network for spacefaring initiatives. Dr Paolo Tasca, executive Director of the center for blockchain technologies at University of London, described this project as a global research lab where individuals and organizations can contribute knowledge, and revenue can be fairly shared among the contributors. The platform aims to expand human presence through blockchain technology in space  by enabling participants to collaborate research efforts without organizational affiliation. \nQtum plus Spacechain\nRecently Spacechain announced their mission to carry Qtum’s blockchain technology software into space using a small and cost friendly satellite called a Cubesat. The satellite will  help build decentralized applications compatible with the Qtum’s blockchain ecosystem. The aim is to build such a platform that is totally decentralized, and restrict the issues that may come up with a centralized, government regulated technology. \nBlockstream\nBlockstream announced its mission to make bitcoin available to everyone regardless of their access to internet. The availability can be made possible by using Blockchain Satellite Network, a service that aims to broadcast bitcoin to everyone globally. The services will enable cryptocurrency access in places where there is no internet access. Currently, the satellite provides coverage to only four continents – Africa, South America, North America and Europe, but soon it is expected to spread globally. \nConclusion \nThe blockchain technology can prove beneficial to the space industry. Because of its transparent nature and the absence of a third party, blockchain technology can, in future, change the way the space system operates today. \nNASA and many other organizations are already in sync, betting on the blockchain technology to improve space communications and thus conquer the vast and hidden reaches of outer space. \nFeelium is a new blockchain project that has vast application in a number of fields. The platform offers smart contracts and escrow services based on blockchain technology to automatically regulate online activities.",
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      "body": "One of the most engaging reads. Thanks for such an illustrative yet an interesting article!",
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      "body": "To the question in your title, my Magic 8-Ball says:<blockquote>Outlook good</blockquote><hr>*Hi! I'm a bot, and this answer was posted automatically. Check [this post out](https://steemit.com/introduceyourself/@magic8ball/introducing-the-magic-8-ball-bot) for more information.*",
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      "permlink": "are-decentralized-autonomous-organizations-the-same-as-blockchain-networks",
      "title": "Are Decentralized Autonomous Organizations The Same As Blockchain Networks?",
      "body": "![dao.png](https://cdn.steemitimages.com/DQma9ch7K3Nr6ZGLFeLBegLEyE5aGQGd3RNuWKXwkLsd7Pa/dao.png)\nDAOs or Decentralized Autonomous Organizations became popular in the digital market when bitcoin was introduced with the idea of eliminating third parties. Similar to the technology behind bitcoins, the idea behind DAO is to create an organization that needs no hierarchical management.\n\nInner workings of a DAO\n\nInitially bitcoin was considered as the first ever functional DAO because it functions autonomously and has a set of pre-programmed rules. The smart contracts on blockchain technology brought the DAO’s closer to the real world and shaped the way they are today.\n\nTo be fully operational, a DAO requires a set of rules. The rules are encoded as a smart contract which is a computer program, that anonymously exists out there on the internet. Also, people are required to execute tasks that the contract can’t perform itself.\n\nThe next phase is the funding phase. The funding phase is important for two reasons. Firstly, a DAO needs to have an internal property, or tokens that can be used by the organisation and secondly, by investing in DAO, users are given voting rights and afterwards the ability to influence the way it operates. Once the funding phase comes to an end, the DAO becomes totally independent of any authority. The code is visible to everyone now as the DAO becomes an open network. Blockchain technology keeps a record of all the transactions, thus making the DAO fully transparent.\n\nWhen the DAO becomes fully operational, the decision as to how things will proceed is reached through a consensus. Moreover, a DAO helps us to exchange our funds with anyone globally. The exchange can be in the form of an investment, a donation, money raising and so on. One major concern with the voting system is that even if a security issue comes up in the initial code, it cannot be rectified until the majority votes for it.\n\nThe hole in the DAO network\n\nThe best attempt of making such an organization was The DAO. The project was launched in 2016 but unfortunately, it failed in a short span of time. Anyone who had internet access could buy DAO tokens and DAO creators would set all the rules. An error was detected soon in the initial programming and while the experts were working to fix it, an attacker managed to drain more than 3.6m Ether into a child DAO that operates in the same way as a DAO. The price of Ether dropped from $20 to $13. Several people tried to stop more Ether from being taken but they couldn’t gather enough support. The Ethers were all stored in a single address, which was not such a great idea.\n\nExamples of DAO\n\nDash – An open source peer to peer network which offers instant payments.\n\nDigix Global – Deals with peer to peer digital assets.\n\nBitShares – A decentralized exchange.\n\nSecurity\n\nToday, it is difficult to change a DAO or any smart contract associated with it once it is associated with the blockchain network. This is beneficial because a single person cannot change the rules. But at the same time, the network is a huge disadvantage because if someone detects an error in a running DAO, developers cannot essentially change the code. The DAO suffered the same issue. The developers could see the draining of funds but could not do anything to stop it.\n\nLegal Status\n\nThe accurate legal status of the DAO is pretty unclear.\n\nFeelium\n\nFeelium is a blockchain technology platform that uses a decentralized network for contracting services. Smart contracts on the Feelium platform can be shared securely between users in a transaction. The validation process of a contract is also conducted over the network. Once validated and saved, the contract is immutable. Smart contracts are self-regulatory; so once the terms are set, the contract will ensure that they are fulfilled.",
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      "title": "BLOCKCHAIN AND THE AUTONOMOUS VEHICLE",
      "body": "![autocar.png](https://cdn.steemitimages.com/DQmbePVaJwuDGZTwpQoQNFzzBysaE35pgGSzYw7fAZ4r1Ud/autocar.png)\n\n“Google is working on self driving cars and they seem to work.People are so bad at driving cars that computers don’t have to be that good to be much better” — Marc Andressen\n\nSelf driving cars seemed like a car dream a decade ago but now, they are not far from becoming reality. Autonomous cars are expected to be much smarter with the ability to communicate with each other. The cars will be designed with a technologically advanced infrastructure. The cars will always know your destination, the time you have to make it to the place and information about every other moving vehicle.\n\nThe cars function by using machine learning algorithms to ensure safety and security of the vehicle. These algorithms go through millions of hours worth of user driving data and then learn patterns which are later used by the vehicle to make driving decisions. Autonomous vehicles have the ability to handle most of their own requirements like fuel handling, parking and other basic functions. Blockchain technology can help in the development of the vehicle as sharing of data can be made easier through blockchain technology.\n\nUsing blockchain technology, you can develop an optimization and prediction technology which will help you to get information about every other vehicle on the road with you and their future destinations. Important information like toll payments, speed controls, parking spots and reservations will all be taken care of during or before the ride, which is a huge asset.\n\nIn a self driving car regulated by blockchain technology, as soon as the user books the ridem, the user will be shown all the data. The data will include the cost, comparison of cost with other vehicles and the fastest route available.\n\nDesigners face an issue while performing machine analysis on the driver data. Different parts of the process depend on different data sets; hence, storing and regulating these data-sets is a challenge. Blockchain networks, as we know are tamper resistant and can save the driver’s data without being compromised. Blockchain technology can help the software markets to get information directly from the drivers, thereby reducing the time it takes for information to be collected and transmitted.\n\nAlso, the storage of data in a blockchain network ensures such safety that it becomes impossible for any hacker to breach. In a centralized system, there is the possibility of error or system failure triggered resulting from connectivity issues. These errors increase the chances of accidents. But with the application of blockchain technology in self driving cars there is minimal chance of a crash, and there is a guarantee that your data is safe. In today’s traditional model, hackers can easily access user’s data and use the data for illegal measures.\n\nBlockchain technology improves the way taxis charge their customers. The account regulation can be smoother. The smart contract technology has the power to make the payment process easy by making sure that each party maintains their part of the bargain and in the event of any dispute, a consensus is reached without involving a third party.\n\nAs blockchain technology promises new innovations, the future can be assumed to be pretty bright. Soon enough blockchain technology could advance almost everything about the world we live in. Self driving cars are an example of how the technology is making life easier for us everyday.\n\nFeelium is a blockchain-based platform that offers secure contracting services and wallet transfers. Feelium’s utility features can be used to prepare smart contracts for any purposes.",
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      "parent_permlink": "blockchaintechnology",
      "author": "feelium",
      "permlink": "blockchain-technology-and-iot-a-match-made-in-heaven",
      "title": "Blockchain Technology & IOT; A Match Made In Heaven!",
      "body": "The Internet of Things is changing much about our present world. IoT is involved in almost everything, starting from the way we drive, to how we make purchases, and even how we get energy for our homes. The IoT is an enormous network of connected things and people – all of which assemble and share data about the way the network is used and about the environment around them.\n\n“In God we trust. All others must bring data” – W. Edwards Deming\n\nIoT includes a vast number of objects and things - from smart microwaves, which automatically cook your food, to self driving cars whose smart sensors can detect objects in your path, to wearable fitness devices that measure your heart rate and the number of steps you take in a particular day, and use that information to suggest fitness exercises for you.\n\nUsing centralized technologies, the identity of our device is maintained by the service providers who are responsible for the life of the device and all interactions involving them. This maintenance is costly, takes time and places the device in the hands of the service provider. If that service provider goes out of business, the device will be lost along with the data.\n\nInstead, the use of blockchain technology will govern the user’s identity on the devices. Service providers link devices and people together and smart contracts decide who can use the devices based on the set of rules encoded.\n\nLet us take a look at some of the applications of IoT:-\n\nShared Homes/ Spaces\n\nWhether you are a host or guest, you need security. If you are the owner you would expect your rental space to be in the care of someone who would take care of your space and keep it in a good condition. You would want your rent on time. If you are a guest, you would expect the space you get to be safe.\n\nUsing blockchain in home sharing space offers security, privacy and control. It is not just a fancy technology. It is a way to get freedom to pick places and to safely choose your bookings, listings and get real reviews.\n\nSolar Community\n\nNew York is conducting an experiment for a community to use a blockchain system to record the production of solar energy and enable the purchase of excess renewable energy credits. The device has an identity and builds a reputation through its past records and exchange. People in a solar community, hence can share maintenance cost, and trust that the devices are recording actual solar production.\n\nWastewater Catchment Systems\n\nSmart contracts can save the identity of a user performing maintenance on a shared system. For example, if an individual must fulfill six maintenance appointments per year, the machine has the ability to alert the user whenever a checkup is required. If the user cannot fulfill the requirement, the system may shut down their water supply.\n\nThe blockchain systems are better than the present centralized systems as blockchain technology increases efficiency, security and usage of the world resources in an organized way. In many ways the blockchain and IoT can be termed as a perfect pair. Today, blockchain technology is securing the digital market worldwide and the smart contracts are significant solutions to IoT’s security problems. Blockchain technology is gaining popularity and is adopted by several industries, IoT being one of them. By breaking free of a central system, the decentralized system is bound to have many users.\n\nFeelium is a blockchain technology platform designed for real world solutions. The platform offers smart contracts and digital wallets that make digital interactions secure and fast.![Too late to invest in Crypto_ (15).png](https://cdn.steemitimages.com/DQmf9zDQjWXTWo5i2xsjbA8yHo9ixPqwTLNjd7RNJ9vPhuF/Too%20late%20to%20invest%20in%20Crypto_%20(15).png)",
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      "author": "feelium",
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      "title": "TOP 5 ICO SALES",
      "body": "“The reason we’re all here is that the current financial system is outdated”. – Charlie Shrem\n\nToday, many start-ups are constructing their entire businesses on blockchain technology. Instead of turning to public stock markets, or venture capital funding, businesses are turning to cryptocurrencies. In the recent years, ICOs have been on the rise. An ICO is an innovative method to raise funding for a new business. an ICO usually creates a plan through a whitepaper which tells you what the project is about, what the project needs for completion and how much money is needed to execute the venture. The whitepaper will also include information about how long the ICO campaign will run for.\n\nLet us take you through the top 5 ICO sales of all time:\n\nEOS\n\nBlock.one introduced its ICO sale for EOS in June 2017, and concluded the sale in June 2018. During its ICO stage, EOS managed to raise $4.1 million USD to fund the development of its next level scalable smart contracts platform. On July 1, 2017 the ERC20 EOS token started its sale on different exchanges. After raising its value to $5.09 USD per token, EOS has been trading in the $1.50 to $2.00 USD range for most of its existence. Today, EOS token is trading around $8.00 USD. The token has been migrated onto EOS’ own blockchain network. When a leading blockchain backs the ICO, it usually leads to a successful funding.\n\nHuobi\n\nHuobi, a China based company is one of the most successful exchanges today. Huobi raised $300 million USD through its token sale in early 2018. The exchange sold its HT token to its present users who can gain profit from the discount on the trading fees available only to token holders on the exchange.\n\nHuobi managed to raise funds using the concept of exchanged issued tokens and. Exchange issued tokens are appealing to cryptocurrency investors.\n\nTelegram\n\nThe company behind the success of a recent app, telegram managed to raise $1.7 billion USD during a private sale. The money raised in the sale was said to go towards the Telegram Open Network. Telegram aims to build an entirely new blockchain that has the ability to process millions of transactions per second by using “infinite sharding”. For venture capital firms who are new to the world of digital markets, telegram was an easy investment as the token was issued by a reputable organisation. Conversely, because the telegram open network makes a lot of commitments that are technologically complex, many investors did not participate in the sale.\n\nFilecoin\n\nBefore announcing its token sale, Filecoin managed to raise $52 million USD from leading firms like Union Square Ventures. Filecoin announced its own token sale in September 2017, and the ICO managed to gain over $250 million USD. Filecoin’s mission includes building its own decentralized cloud for storage using InterPlanetary File System (IPFS). The aim is to store data securely on a peer to peer basis.\n\nThis ICO is different from other ICO sales because it allows only accredited investors to partake in its token sale. Filecoin was the first regulatory compliant initial coin offering in the United States. Various leading blockchains have supported the project ahead of its ICO, which gives the project an approval to raise the amount it was able to secure during its token sale.\n\nSirin Labs\n\nSirin Labs announced its token sale in December 2017 and raised $157.8 million USD to fund its vision of becoming the leader in secure open source consumer electronics. FINNEY, the first open source blockchain smartphone and all- in-one PC will also be supported by the amount raised.\n\nThe demand for secure PC and smartphone solutions is increasing as cyber-thefts are a growing concern. PC and smartphone users would not mind a blockchain secure device.\n\nConclusion\n\nICOs may have their issues, but potentially promise a secure future. We are not certain about what this future is, but if ICOS survive it could pose a challenge to traditional funding methods such as Initial public Offerings, venture capital funding or corporate debt.![Top 5 ICO Sales.png](https://cdn.steemitimages.com/DQmQqYPmQRPvqoQ8wxBFpt2i8MLTob4JfFECJtXyHE4gxuS/Top%205%20ICO%20Sales.png)",
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      "title": "The use of Blockchain Technology in different fields of Fintech",
      "body": "The Blockchain is certainly an innovation that promises to change the way our world operates. A blockchain, as its name suggests is a growing chain of blocks. The blockchain network records data across its peer to peer network, making the data highly transparent.\n\n“DNA is kind of like blockchain – a memory of all the species that have come before.”- Resse Jones\n\nBlockchain network has the ability to disrupt the financial industry as we know it. However, there are a few crucial sectors where the application of the innovative blockchain technology can transform banking and finance.\n\nFraud Reduction\n\nEvery year, at least 45% of financial mediums like stock exchanges and money transfer services suffer from economic crime. The blockchain network is technically new, but because of its ability to eliminate fraud, the network is gaining a lot of attention. Almost every banking sector is centralized and governed, which makes it vulnerable to cyberattacks. At any point of time, a hacker can breach into a system and get complete access.\n\nThe blockchain system contains batches of individual transactions with a link to the former block. Blockchain technology will help eliminate the current cons taking place online. The technology will help the financial sector to keep the transactions safe.\n\nKnow Your Customer (KYC)\n\nAccording to a survey, financial institutions spend around $60 million to $500 million to keep up with the KYC protocols. These regulations help to reduce money laundering and terrorism activities. Blockchain technology will enable an organization to individually verify users so that other organizations wouldn’t have to follow the same process. Blockchain technology is beneficial to organizations because they greatly reduce administrative costs.\n\nSmart Contracts\n\nSince blockchain technology can store any kind of digital information, including computer codes that can be executed once two or more parties enter their keys, the technology can enable us to have smart contracts. This code can be programmed to create contracts or execute financial transactions once a certain set of conditions are achieved.\n\n“Blockchain is as significant now as the internet was 25 years ago”. - Anonymous\n\nOther sectors like e-commerce can also use blockchain technology to counter problems. Let’s have a look at the various fields of e commerce that can use blockchain network.\n\nPayments\n\nThe payment industry can greatly benefit from blockchain technology, just as the financial sector has. The current payment methods cost users processing fees along with high fees charged by e commerce platforms on any sale made by the user. This fee can start from around 2-3 % of the total purchase of any transaction made.\n\nRequest Network and ECoinmerce aim to create a blockchain network using fast and private transactions for any e commerce model. Request Network also wants to use blockchain technology for the financial transactions aspect of the e commerce industry by providing low transaction fees, high security and privacy, and overall an amazing customer experience.\n\nSupply Chain Management\n\nThe supply chain management certainly is an important aspect of e commerce and it can be optimized using blockchain technology. Supply chain management has certain issues that blockchain technology can probably resolve. Vechain aims to create a decent visualization of the process. The data recorded on a blockchain is incorruptible, so the supply chain via blockchain technology can be an easy solution for the ecommerce industry. A dependable blockchain network will provide a secure supply where consumers will get every detail of the product flow, which will lead to customer confidence.\n\nData Security\n\nOne of the issues that the e commerce industry faces today is the data storage. Given the industry, a lot of data is stored, most of which is directly collected from users and retailers registered on any platform. The data is stored on centralized networks which are prone to cyber attacks. E commerce companies have suffered and lost a lot of data because of these attacks. But now with the possibility of a blockchain network, such attacks can be put to rest. Blockchain networks are virtually impossible to breach.\n\nMicropayments\n\nThe introduction of blockchain technology has will aid the process of micropayments- a business model where an approach to the contents and services is provided, as well as low cost buying is possible. Small amount of transactions don’t do any good to electronic payment systems due to large transaction costs. On the other hand in cryptocurrencies, the size of the transaction does not matter. Thus, with the arrival of digital currencies in the market, users can make micropayments without having to worry about the transaction fee.\n\nSmall service fees on popular streaming services are an asset to blockchain micropayment networks and the users no longer have to subscribe to the entire channel. The users can choose videos that they need and regulate the whole process from start to end.\n\nConclusion\n\nAt this point blockchain technology is still developing and promises a secure future.Even more excitingly, new ways of using blockchain technology emerge daily. Now, whether you are directly involved in the digital world or not, it’s necessary to develop an understanding of the technology and how this technology can be used to transform the business and investment worlds.\n\nFeelium is a blockchain technology platform enabling P2P, B2B and B2C transactions. The platform also offers a wallet-to-wallet transfer function for secure and direct fund transfers.![Too late to invest in Crypto_ (17).png](https://cdn.steemitimages.com/DQmNnCPabPhSEGqUfQKednAPN1EN42JiMB2HASW37aK6vX7/Too%20late%20to%20invest%20in%20Crypto_%20(17).png)",
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      "author": "darksideofmoon",
      "permlink": "re-feelium-a-brief-history-of-blockchain-technology-20180820t125549178z",
      "title": "",
      "body": "good post !! \n\nIt'll be a big help to you.\n<a href=\"https://smartsteem.com?r=darksideofmoon\" target=\"_blank\"><img src=\"https://smartsteem.com/static/smartsteem_banner.gif\" /></a>\n\nbyteball airdrop\nhttps://steem-byteball.org/#QLOPGPP4MYKOJRY5ZEDBO4TN5J5WHSJO",
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      "author": "feelium",
      "permlink": "a-brief-history-of-blockchain-technology",
      "title": "A BRIEF HISTORY OF BLOCKCHAIN TECHNOLOGY",
      "body": "We live in a world where technology continues rule. Technology has changed everything about the way we operate. It has been a while since Smartphones were introduced to us and look what this innovation has done to us! We can basically operate anything on our phones, right from placing an order online to checking every activity going on in our accounts. \n“In technology whatever can be done will be done”. -  Andrew S Grov \nToday, we are in the middle of another revolutionary technology: Blockchain Technology. The blockchain network is a distributed ledger that can record all transactions between two parties efficiently and in a secure way. The major asset of the blockchain network is that it is decentralized and is highly transparent. \nAnalyzing blockchain technology, you will notice that it has paved the way for a number of useful innovations. Bitcoin, a digital currency introduced in 2009, was a blockchain innovation. Bitcoin in the past years has become increasingly successful and has a market cap of $10-$20 billion. Many countries have legalized the currency’s use and bitcoin is used for payments in many sectors. Blockchain technology was the basic principle behind bitcoin. Today, almost every financial institution is researching about blockchain technology and how the technology can prove beneficial to them. As of now, almost 15% of the banks are said to use the blockchain network. \nAs blockchain technology progressed, smart contracts came into existence. Smart contracts were first used by Ethereum for building computer programs directly into a blockchain network that allowed loans and bonds to be represented, rather than only cash like tokens of the bitcoin. The Ethereum smart contract platform now has a market value of billions.\nThe proof of stake is another rising innovation of blockchain technology. The current network of blockchain operates with proof of work. In a proof of work platform, the party with the largest total computing power makes the decision. These groups are termed as miners and operate vast data centres to provide this security. \nAs of now, every computer in the network processes every transaction that takes place. This process is actually slow. Blockchain scaling is an innovation that is on the horizon these days. A scaled blockchain network will accelerate the process, without disturbing the security. The scaled process simply figures out how many systems are necessary to confirm each transaction and divide up the work equally. This process is expected to be very fast.\nThe above innovations prove how the hard work of several cryptographers; scientists and mathematicians have helped the blockchain network. Self driving cars, drones and international money transfers have become less complex with the application of blockchain technology.\nNo one can be sure of what the future holds for blockchain technology. You see, who thought social media was going to create such a buzz? Technology keeps advancing. All we can hope for is that an increasing number of people adopt blockchain technology. Given that the blockchain network has come so far, perhaps the future will arrive earlier than any one of us ever imagined.\n![Too late to invest in Crypto_ (2).png](https://cdn.steemitimages.com/DQmTZedy3Tr3vMp9qbuGNjQMgN8aNrwfUk7vdh8oRZcbR3R/Too%20late%20to%20invest%20in%20Crypto_%20(2).png)",
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      "body": "Congratulations @feelium! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :\n\n[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/voted.png)](http://steemitboard.com/@feelium) Award for the number of upvotes received\n\n<sub>_Click on the badge to view your Board of Honor._</sub>\n<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>\n\n\n\n> Do you like [SteemitBoard's project](https://steemit.com/@steemitboard)? Then **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!",
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      "permlink": "experimenting-with-blockchain-technology-does-the-technology-deliver-the-promised-results",
      "title": "Experimenting with blockchain technology; does the technology deliver the promised results?",
      "body": "Blockchain technology is the best solution we have to prevent snail-paced and inefficient paper work. Paper work travels from point to point, accumulating human errors and wasted time. \nHow great would it be to digitize entire business networks and track processes with the click of a button?\nBlockchain technology has the potential to streamline elaborate processes; in fact, the idea has already been implemented several times.\nA global trading house called Louis Dreyfus Co. traded agricultural commodity through a blockchain network in December 2017! The company was aided by Dutch and French banks.\nHow did the trade implement blockchain technology?\nLouis Dreyfus Co. traded soybeans with Shandong Bohi Industry Co, completely using blockchain tools. The two companies created digital contracts, exchanged letters of credit and documents of legal inspections and audits, and certifications during the trade.\nAccording to a statement to Bloomberg, the companies estimated that the entire processing rime reduced to one-fifth the normal time taken in similar deals. The transactions were reportedly completed in a week’s time rather than the regular period of two weeks.\nOther examples of blockchain technology in business deals are in energy or crude oil trades and metal exports.\nBlockchain technology applied to personal business deals\nThe big question: will blockchain technology remain in the realm of big businesses and stay out of reach of individuals, other than through cryptocurrencies?\nThe big question answered: The Fuzzy.ai co-founder, Evan Prodromou used the Ethereum blockchain technology platform to create a digital coin called Evancoin in Oct 2017. \nProdromou sold the coin as an ICO and what was the commodity behind the ICO? Professional time worth $15 per 20 hours! Such coins are examples of the scope of blockchain platforms.\nFor e.g. the Evancoin could rise and fall in value depending on supply and demand; his credentials, the relevance of his advice, etc could affect the coin’s worth. \nProdromou says –\n“I’m really serious about exploring how cryptocurrency is changing what we can do with money and how we think about it. Money is this sort of consensual hallucination, and I wanted to experiment around that.”\nBlockchain technology is moving into a sector that experts have been predicting for a couple of years; real world applications. From tracking dental records to marking the diet of cattle, blockchain technology is finally entering our daily lives.\nFeelium is a blockchain technology platform designed to be used in real world applications. With smart contracts and escrow services on automated and blockchain-protected networks, Feelium offers a token-based platform for B2B, B2C and P2P transactions. \n![Too late to invest in Crypto_ (16).png](https://cdn.steemitimages.com/DQmXSh44LK3HJpCqKrDGhuPYWLybytLbqAQW5AJ9515dBjv/Too%20late%20to%20invest%20in%20Crypto_%20(16).png)",
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      "author": "feelium",
      "permlink": "initial-coin-offering",
      "title": "INITIAL COIN OFFERING",
      "body": "“The rich invest in time, the poor invest in money”. – Warren Edward Buffet\n\nA fresh fever has overtaken some institutional subsets of the technology industry. What if companies had a quicker, secure, and a more democratic way to raise money using digital currencies?\n\nThe crusade to explore alternate ways for a new company to raise money has given rise to many attempts, but nothing compares to the 2017 rise of ICOs (Initial Coin Offerings). An Initial Coin Offering is used by startups to avoid the harsh and standardized capital raising process necessary for enterprises, capitalists and banks. An ICO involves selling of a new cryptocurrency or token at a sale, which helps the company raise capital.\n\nMastercoin was the first ever ICO back in 2013, which raised approximately U.S $600,000 for a project to create a bitcoin exchange and platform for transactions. An ICO is often compared to an IPO. Although ICOs tend to remain open from a week to a month, or can even go longer than that, IPO’s are a one time event.\n\nSome crucial characteristics of an ICO are:\n\nPresence in a project, economy or Decentralized Autonomous Organisation (DAO).\nThere are two subjects: ICO coin and ICO token. While coin ICOs usually sell units for participation in an economy, token ICOs sell a right of ownership.\nOwning tokens does not necessarily give the investor the right to vote on the direction of the project or DAO. Generally the investor will have access throughout a project’s lifespan.\nMost ICOs issue a fixed number of coins and tokens preceding the sale.\nICO prices are commonly set by the developers of the economy, project or DAO.\nICOs may conduct multiple rounds of trading with coins and tokens on sale to increase the value till the release date approaches.\nOnce the coins and tokens are ready for trading in the market, ICOs come to an end.\nHow do ICOs work?\n\nAny start-up needs to set up protocols, rules and establish a blockchain network before announcing its ICO. For mineable platforms, mining of the coins to be traded in the ICO starts soon after the ICO is announced. Social media, Reddit and other cryptocurrency related websites are used for the social promotion of the sale to attract investors from all across the globe.\n\nCoins or tokens are then listed by the creators on various exchanges to facilitate trading. The investors require an account with this exchange in order to purchase the new cryptocurrency in exchange of other digital currencies or fiat money.\n\nOngoing and upcoming ICOs can be reviewed on several websites. There are selected exchanges that handle the trading and investors can even purchase coins directly through the developer’s official website. Bitfinex, Bittrex, Kraken, Poloniex are some of the known exchanges, though there are many more. While venture capitalists tie up investor money for a long duration of time, an ICO is comparatively far more liquid and easily assigned within a much shorter span of time. The liquidity is, of course, a contributory factor to the growing number of ICO’s as the process of documentation and meeting unnecessary demands is not required.\n\nLet’s take a look at some of the most successful ICO’s of all times:\n\nEthereum\n\nVitalik Buterin must have done something right to make his cryptocurrency stand at the second number of the most successful digital currencies.\n\nInitial token value : $0.311\nAll time high price : $1,420\nROI: 152,500 percent.\nNEO\n\nNEO is a Chinese open source blockchain which was founded by Da Hongfie. It deals with smart contract applications, digitized assets and much more.\n\nInitial token value : $0.032\nAll time high price :$180\nROI: 114,000 percent.\nARK\n\nArk integrates cryptocurrency in its own blockchain. Like any other platform ARK is also popular for its decentralized nature.\n\nInitial token value : $0.04\nAll time high price : $10.78\nROI: 35,400 percent\nPARTICL\n\nParticl is focussed mainly on security. Particl is both decentralized and a cryptocurrency focussed on invisible transactions.\n\nInitial token value : $1.50\nAll time high price : $52.50\nROI: 3,495 percent.\nConclusion\n\nIt is assumed that ICOs will shape the future of blockchain because the two are closely linked. Blockchain can only advance if creators can remain flexible in raising funds. ICOs have undoubtedly reached a certain level of success, but there are some loopholes like lack of regulation. However, with the growing popularity of Initial Coin Offerings, that is changing with time. For an investor, it is important to note all the risks, as well as the benefits before investing in an ICO.![Initial Coin Offerings.png](https://cdn.steemitimages.com/DQmf289bnE6ZkHP68fvzMgFuoENbt1HVeC9rQV15xZqzQLi/Initial%20Coin%20Offerings.png)",
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      "permlink": "the-future-of-digital-money",
      "title": "THE FUTURE OF DIGITAL MONEY",
      "body": "@@ -3342,24 +3342,195 @@\n  about cryptocurrencies.\n+!%5BToo late to invest in Crypto_ (13).png%5D(https://cdn.steemitimages.com/DQmaUjeEhXD7fR4HLLaVQF4YWpsj4Ky7SY2BmDxKptnaBvu/Too%2520late%2520to%2520invest%2520in%2520Crypto_%2520(13).png)\n",
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      "parent_permlink": "blockchaintechnology",
      "author": "feelium",
      "permlink": "the-future-of-digital-money",
      "title": "THE FUTURE OF DIGITAL MONEY",
      "body": "“The future is already here, it’s just not evenly distributed yet”. – William Gibson\n\nIt has been a little more than a decade since the world was introduced to cryptocurrencies. During this time, the digital currency has made a strong statement in the financial sector. Cryptocurrencies have managed to gain the attention and admiration of a lot of users, even though the technology is a little complicated to follow.\n\nAdopting cryptocurrency and blockchain technology has posed some serious obstacles. Recently a technology infrastructure company, Stripe, took a stab at incorporation the technology into their payment system by issuing bitcoin as a payment option. Regrettably, the outcome was not a success. Tom Carlo, the project manager, mentioned in a blog post that the users declined the cryptocurrency option because of lack of verification, high fees, a disconnect between transactions and the constant fluctuation of the digital market.\n\nMany people believe that cryptocurrencies will change the way we operate, even though there were a lot of failures in the digital market. Kevin Murko, CEO of Coinbase, believes that this market is still in the developing stage and will have a bright future. Some of the other challenges we could face are regulatory restrictions, energy consumptions,cyber security, as well as the difficulty of converting cryptocurrency into spendable money.\n\nSo, you can see that cryptocurrencies have their pros and cons, but the following trends in the digital market can give us a prediction about how the market is going to be in the future.\n\nCryptocurrencies will receive more encouragement from institutional backgrounds.\n\nGiven the fact that many governments are putting their trust into cryptocurrencies, investors are encouraged to invest in the digital market. With added regulation, the investors can feel more comfortable and not have to worry about the constant change in the prices. In December 2017, bitcoin recorded its value at almost $20,000 per coin. Although the price reduced after this, it is predicted that the price will go high in the near future.\n\nSuccessful investors like Tim Draper predict that the value of bitcoin might reach $250,000 in 2022.\n\nAre cryptocurrencies regulated?\n\nSecurity has been the topmost concern of every investor. This concern was even analysed in a survey conducted by Encrybit, an exchange where almost 40% of the people saw security as the main area of worry. Cyber-attackers have already taken advantage of the lack of regulation in the past and robbed investors. However, the efforts to regulate cryptocurrency have not stopped. For example at the G-20 Summit in Argentina, directives were made to regulate the currency globally.\n\nCryptocurrencies will continue to be volatile\n\nThere’s no doubt that measures are being taken to ensure the stability and balance of the digital market; however, it still doesn’t stop being volatile. The reasons for volatility include the currencies’s lack of elemental value, absence of institutional capital, establishment of regulations and other factors.\n\nConclusion\n\nWith the increase in the popularity of cryptocurrencies, we hope that the market will be the future of money. However there is no guarantee to this future, as the market is still young and developing, and a majority of population don’t know enough about cryptocurrencies.",
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      "permlink": "blockchain-technology-and-digital-identities-a-positive-fit",
      "title": "Blockchain technology and Digital identities – A positive fit?",
      "body": "“Think of the internet as a public place. Don’t leave your details lying around”. – Student, University of Edinburg\n\nInternet is a technology that has pretty much changed the way everything operates. It has made life so easier for everyone. Almost everything can be executed digitally, right from ordering even your morning coffee online to buying a new electronic gadget. In fact, it can be said that the internet is more of a necessity than a luxury.\n\nWhen we operate on the internet, we leave global digital traces. The more windows we use, the more footprints we leave. Internet Platforms like PayPal, Credit card processors, Direct Banking, Google wallet, Apple Pay, Amazon Pay, and cryptocurrencies process financial transactions. A customer must reveal intimate and financial records in order to get access to these services.\n\nA user’s data is often stored on various databases and are generated at different intervals. Some of the data like a user’s phone number might change after a span of time, and hence is not the same on every database. The outcome is that there exist numerous ‘digital clones’ of an individual all across the web.\n\nThere exist many obstacles in the present identity administration system. There are so many platforms that exist on the web where users need to remember various passwords and create numerous accounts to get registered. Users cannot upload their credentials and digital identities concurrently. Furthermore, as we witnessed in the Equifax Hack, programmers just need to breach one major database to access all the records of a user.\n\nIn short, the current system is unsuitable with reference to future contexts.\n\nA possible solution is blockchain technology. Blockchain technology has the ability to save the users data more securely, and in a trusted manner. Blockchain technology is a decentralized platform. With the use of blockchain network, a user’s data can be saved in such a manner that it can’t be tampered or corrupted. Moreover, the data is always going to be accurate and concise. The data in this digital identity will always be up to date.\n\nMany giant companies are opting for this solution because it offers the users a more private way of making their transactions. Bitnation, Civic, Cambridge Blockchain LLC are some examples.\n\nBitnation acts as the government of the people and refers to its users as the ‘citizens’ of Bitnation. Civic, which deals with reduction of fraud, had a really beneficial ICO last year.\n\nIBM and SecureKey technologies are also getting started on the blockchain wave for their digital identity network. It will be built on the Hyperledger Fabric 1.0v which is an authoritative blockchain (meaning it has restrictions as to who can take part in the consensus mechanism). Due to the presence of a permissioned blockchain network, users can decide who can get access to their data online and save it from hackers.\n\nUnless the customers don’t buy in, no digital blockchain network will be useful for any organizations. Many industries looking to adopt blockchain networks are highly regulated such as banks, credit card companies and health providers. A project’s data privacy structure, nodes and development teams will be the key to success.\n\nIn the future, we are hope to have an up to date digital clone. Blockchain based networks will prevent identity theft, hence reducing the chances of fraud. This network will be a trusted platform and users will be able to choose what data they want to share with a particular party. This will gain the trust of many people as security continues to stay on the top of the priority list of every user. Let’s hope we are able to make this technology a success, which is going to make the internet world a fraud and tamper free zone.![Too late to invest in Crypto_ (15).png](https://cdn.steemitimages.com/DQmQ4kxgfokS4etXsmkXZDjnMt8jLtioju5gLP3X6mW6qKL/Too%20late%20to%20invest%20in%20Crypto_%20(15).png)",
      "json_metadata": "{\"tags\":[\"blockchaintechnology\",\"cryptocurrency\",\"ico\",\"internetofthings\",\"smartcontracts\"],\"image\":[\"https://cdn.steemitimages.com/DQmQ4kxgfokS4etXsmkXZDjnMt8jLtioju5gLP3X6mW6qKL/Too%20late%20to%20invest%20in%20Crypto_%20(15).png\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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      "author": "feelium",
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