Blockchain

Blockchain / Featured Blogs

Blockchain's Two-Flavored Appeal

A recent story in Medium describes yet again quite well why blockchains don't solve any real problems: Blockchain is not only crappy technology but a bad vision for the future. So what is their irresistible appeal? Bitcoins remind me of a story from the late chair of the Princeton University astronomy department. In 1950 Immanuel Velikovsky published Worlds in Collision, a controversial best-selling book that claimed that 3500 years ago Venus and Mars swooped near the earth... more

Digital Transformation in Five Minutes: What, Why and How

Digital Transformation (DX) is picking up speed. According to a recent announcement by IDC, the market is expected to grow at a Compounded Annual Growth Rate (CAGR) of 17.9% to reach a whopping 321 billion dollars by 2021. In 2018 alone, IDC expects that 326 billion will be spent on transforming how people and things communicate. Based on these numbers, it looks like Digital Transformation has become the real deal. more

Is Blockchain Causing More Cybersecurity Attacks in the Financial Industry?

There's a lot of misunderstanding about blockchain. A recent study by HSBC, for example, found that 59 percent of customers around the world had never heard of it. Yet, while that alone is quite telling, it's probably more alarming to consider the fact that very same poll revealed that 80 percent of people who had hard of blockchain did not understand what it is. This level of confusion isn't confined to the general population either. more

Why Is It So Hard to Run a Bitcoin Exchange?

One of the chronic features of the Bitcoin landscape is that Bitcoin exchanges screw up and fail, starting with Mt. Gox. There's nothing conceptually very hard about running an exchange, so what's the problem? The first problem is that Bitcoin and other blockchains are by design completely unforgiving. If there is a bug in your software which lets people steal coins, too bad, nothing to be done. more

Bitcoin Domain Names Become Popular - and Attract Disputes

Cryptocurrencies (such as Bitcoin) are all the rage -- so, naturally, related domain name disputes are, too. The wild fluctuations in cryptocurrency prices (Bitcoin hit a low of close to $6,000 this week, after reaching an all-time high of more than $19,000 only two months ago, and less than $1,000 a year ago) have attracted speculators, regulators and now even cybersquatters. more

What Do Bitcoin, Cloud Computing and the New gTLDs All Have in Common?

I am a student of life, learning one hard lesson at a time. In fact, I actually dropped out of my last year of college to start a tech company in a new space called the internet. I was an entrepreneur running an online service prior to the advent of the world wide web in 1992, back when Pine, Usenet, and Gopher ruled the information superhighway. Over the last 25 years, I have learned a great deal about technology adoption cycles by launching six internet companies, each at the forefront of a new technology wave. more

Bitcoin: The Andromeda Strain of Computer Science Research

Everyone knows about Bitcoin. Opinions are divided: it's either a huge bubble, best suited for buying tulip bulbs, or, as one Twitter rather hyperbolically expressed it, "the most important application of cryptography in human history". I personally am in the bubble camp, but I think there's another lesson here, on the difference between science and engineering. Bitcoin and the blockchain are interesting ideas that escaped the laboratory without proper engineering - and it shows. Let's start with the upside. more

The Great Forking Bitcoins of China

Let's say I'm with the Chinese government and decide that I am tired of people evading currency controls and money laundering using Bitcoin. So we adjust the Great Firewall of China to block port 8333. We also add some proxies that allow some uncleared transactions from outside to flow into Chinese networks but not the other way and keep track of which ones we let through. Since a large fraction of the miners are inside China, and all of the hard currency exchanges are outside, this will cause a pretty serious fork. more

Blockchain Technology Can Solve Some of Africa's Problems

Lately, the word blockchain is gaining a lot of attention from businesses, investors and governments, especially around how it could transform how we do business today. As the world looks up to Blockchain technology for radical transformations in many industries and sectors, I want to take a look at how it could help governance in Africa.
The African continent is plagued with corruption, bad governance, mismanagement and lack of accountability. more

The Top 10 .Brand Moments of 2017

Each year in December, I sit down and take a moment to reflect on how the .brands space has progressed in the previous 12 months. Most folks will understand that starting a movement to create the next evolution of the internet with 'digital superbrands' was a little slow at first. Slowly but surely, that has started to change and especially in 2016, it really felt like people were starting to 'get it' -- both in terms of brands themselves, and the media and consumers. more