The Blockchain Academy Blog

Blockchain Technology for Real Estate Transactions

Uncategorized Jan 15, 2018

In continuation of the blockchain series at TheBlockchainAcademy[1], this post is dedicated to blockchain technology application and potential for real estate transactions. A well-recognized trend in the real estate industry is information asymmetry related to the real estate transaction. In the last few years, the sector has turned out to be more transparent. With crisis as the major reason, the demand for information and alignment of the ethical practices and standards seems greater than ever before.

The real estate industry stakeholders recognized and talked about the need for having a central database, resulting in the establishment of stiVAD[2], the foundation for Real Estate Data, in 2011. Technical advancements and increasing availability of geospatial (open) data is expected to enhance transparency and decrease information asymmetry in the real estate sector in the coming years.  Added value and distinctiveness is to be determined in combining knowledge of various...

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Blockchain Solutions for Global Freight

blockchain global freight Jan 11, 2018

Just like blockchain is being seen to revolutionize various industries in the next few years, global freight or international shipping industry is not exempted from the great revolution. Being a continuation of our blockchain discussion on TheBlockchainAcademy[1], this post presents the potential blockchain solutions to be used and exploited by global freight industry in the coming years.

A number of businesses around the globe are making grounds to deploy blockchain to shape their shipping industry practices and exploit the potential it brings in terms of cost saving transparency and speed for the global fright transactions. Let’s take the very recent case of Marine Transport International[2], a leading freight forwarder based in the United States and the United Kingdom. The company has recently announced the deployment of the first public blockchain solution in the world, in the global freight industry. The official release of the company states that the business is using...

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Related Blockchain Technologies

ipfs technologys tor Nov 21, 2017

Blockchain technology is often considered as a confusing concept to interpret and implement. Luckily, TheBlockchainAcademy.com[1] is here to simplify its understanding and embrace its potential for the users belonging to various industries.

Blockchain technology is not a new concept anymore; it has become a fast growing industry. Similar kinds of data structure were present long before this famous bitcoin crytocurrency emerged; however, principal theories of the blockchain structures used today were initially defined and explained in the original bitcoin white paper developed and published by Satoshi Nakamoto in 2008. Now when bitcoin, and its underlying technology i.e. blockchain is on its way to celebrate its decade of origin next year, it is important not to forget the related blockchain technologies that have emerged lately. In this post, we will discuss a few of them.

IPFS

IPFS is the distributed file system that looks for connecting all computing devices with same system of...

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How to invest in Blockchain Technology

Uncategorized Nov 21, 2017

Technology and training & development go hand in hand; a firm belief held by TheBlockchainAcademy.com[1]. Being a leading consultant and provider for corporate training and development solutions across industries, we have always compelled our clients to invest in advanced and more efficient technologies to keep their business ahead in the market. Since we have been focusing the rising technology of blockchain since last few weeks, we have decided to help our clients investing in blockchain technology, through this post.

For investing in blockchain technology, you don’t need to be a Silicon Valley Capitalist and to own stake in global blockchain phenomena. I have included the following ways through which entrepreneurs and businesses of all levels can invest in blockchain technologies directly. From early investments of just few dollars, to equity shares worth billions, entrepreneurs can start investing in the technology at all income slabs.

Cryptocurrency Investments

Crypto...

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Blockchain and Foreign Exchange Trading

forex trading Oct 26, 2017

Blockchain’s increasing penetration and adoption in across industries has been the hottest buzzes in the market and also at yourtraininedge.com[1], where we keep on embracing the new innovative technologies ready to revolutionize the markets somehow. After education, banking, medical records, and healthcare insurance, the next market or industry we see blockchain giving a boom to, is Foreign exchange trading. This is actually amplified when a year old technology firm stated its desire to simplify the currency markets by streamlining the methods trading data is saved using block chain oriented technology.

Cobalt DL, a business based in London, which has been founded by Andy Coyne, former CEO of Traiana Inc, in 2015, announced that is has started beta testing on the distributed ledger network, which the company hopes that it will cut their post trade costs and give a singular database for the foreign exchange transactions[2].  The network is expected to launch in 2017, and...

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Understanding Smart Contracts

The Blockchain Academy is ever ready to provide in-depth information to the bitcoin enthusiasts and blockchain users belonging to different industries, all over the world. In this post, I have decided to discuss the ever popular idea of smart contracts, which is in the limelight since the emergence of revolutionizing yet controversial technology of blockchain. 

So, what are people discussing about when they discuss about the smart contracts? In the context of the blockchain technology and cryptocurrency, the smart contracts are:

·         Pre-written logic (computer code)

·         Saved and replicated on the distributed storage media (For instance, a blockchain)

·         Run or executed by the computer network (generally the same ones operating the blockchain)

·         Can lead to...

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Blockchain Applications in Capital Markets & Global Trade Finance

Uncategorized Aug 23, 2017

Blockchain is indeed rising as one of the biggest revolutionary technologies for a number of industries, as discussed in last few posts of TheBlockchainAcademy.com[1]. We have been in the process of highlighting the potential of blockchain to the best we can, since it is expected to transform the way various industries work, to an incredible extent. This time the industry we have selected to discuss in regard to expected blockchain impacts upon it, is capital market and global trade finance. This industry is of prime importance since majority of the digital transactions around the world are carried out here, both with higher returns and risks involved. Let’s see how blockchain applications are on the way to place themselves within their scope.

Blockchains are developed on the stream of innovations in organizing and distributing data. The aim is to develop a single truth version, used by all the parties or participants, containing a much enhanced dataset than exist in any of...

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Blockchain and Global Shipping

Uncategorized Jul 12, 2017

We at TheBlockchainAcademy.com[1] has already discussed the transformations brought about in a number of industries around the world. In this article, the industry we are going to discuss for block chain technology adoption is global shipping. Global shipping, one of the biggest industries in the world, covers almost every region and involves trade in every country around the globe, with more than 4 trillion USD in goods being shipped around the world every year[2]. Never the less, the systems enabling all this trade, have not been much changed in last 60 years, and a lot of cases are still relied on matching physical paperwork with payment and shipment data. Now freight forwarding and global shipping businesses are taking new initiatives to leverage the potential of block chain for streamlining the tracking and administration of cargo, which is expected to revolutionize the shipping industry itself.

The end-to-end block chain solution is expected to alleviate the problems...

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Can Governments Encourage Blockchain Innovation

Uncategorized May 15, 2017

TheBlockchainAcademy.com[1] has been a keen and consistent provider of corporate training and development to government organizations’ employees. In view of the rising blockchain technology, we can’t neglect its potential role for governments around the globe. Our research urged us to determine whether the governments are equally embracing the blockchain technology benefits just like other industries and institutions and are they willing to support the blockchain innovation in their respective economies. This article talks about this.

In order to determine the government’s support for blockchain innovation, we will have to see the benefits first, which it brings to governments. Government services sector is one of the most immediate and evident application areas for blockchain. A number of governments all over the world are already working on a range of initiatives. Let me explain some examples. In Delaware, where most of the new businesses in North America are...

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Thoughtful Blockchain Regulation without Stifling Innovation

Uncategorized May 01, 2017

In this post I would be discussing the hot debate going on regarding blockchain regulations and the way it can be balanced with innovation. Blockchain technology, as we have discussed quite a lot of times before, is a distributed ledger that underlies crypto-currencies, and has become a vital factor for financial industry as virtual currencies like bitcoin are becoming increasingly popular. The rise of the blockchain technology can greatly transform how monetary transactions are carried out around the globe, leading to major disruptions for many industries, especially banking and finance. And like anything else concerned with money, the emerging blockchain technology is also raising cyber security and regulatory compliance questions both for businesses and consumers it serves.

In view of the polarizing debate regarding bitcoin, the regulators must think whether blockchain technology is equivalent to Internet of 25 years ago. Bitcoin, which raised the concept of blockchain in...

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