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Decentralized Ledger Systems: A New Age Of Record Keeping

Ledgers and records of transactions have existed for thousands of years. These ledgers helped individuals, businesses and governments identify who owned what property and title claims. The validity of the transactions was authenticated by a centralized government regulatory authority, like the registrar’s office. While this model of centralized record keeping had proven useful, it had also been noted to be incredibly slow and time consuming. Digital Ledgers With the coming of computers, ledgers started becoming digitized. The private sector led the way, with their innovative online record keeping platforms. Government agencies around the world tried to catch up as they...

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Have Cryptocurrencies Become Too Big To Be Regulated?

There is no denying that cryptocurrencies are becoming more and more well known. Most people these days have heard of at least Bitcoin, which accounts for nearly 40 percent of the total market capital, which shows how far the cryptocurrency market has grown since it began in 2009. Yet, despite the fact that the market is increasing, it is still rife with negative connotations. Yet, many professionals have been debating that despite this, has it become too big to ban, or disappear? freestar.queue.push(function () { googletag.display('cryptodailyuk_300x600_160x600_300x250_320x50_320x100_Right_2'); }); At the end of February, the total market capital of cryptocurrencies stood at...

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Blockchain And Mortgage Lending

Blockchain technology is not just good for creating cryptocurrencies but also useful in the mortgage lending practice. A platform built upon the blockchain tech and cloud based services can completely transform the loan lending process for businesses. A blockchain network allows the reporting process to become faster and more secure, giving stakeholders the end-to-end solutions that make their jobs easy. Identity Authentication Blockchain networks build a really robust system of member identification. This can greatly increase the processing times for stakeholder communication. For example, a single borrower can create a digital ID that contains all their information in one place....

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Will Taiwan’s Central Bank Implement Blockchain?

It has been reported that Taiwan’s central bank is considering, and looking into implementing blockchain technology as a way of helping to improve its operations. Yang Chin-Long, who is the new governor of the central bank, spoke to Finance Magnates about the possibility of implementing the new blockchain technology, including areas such as artificial intelligence, Big Data and blockchain; saying, “Apart from closely monitoring the challenges that financial technology may add to the bank, it will also make good use of supervisory techniques to enhance its overall prudential supervision…Big Data and even artificial intelligence and other technologies [will] help our...

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Crypto Has Not Reached Its Full Potential Yet

Cryptocurrencies have significantly grown in value in the past year, and the total market capitalisation is approximately $500billion. This is a significant amount of money, yet we are still not viewing them as part of the mainstream investment, and this is simply because they are so volatile and unregulated and therefore are full of risks. They have huge price changes overnight, and there are over 1,500 coins to choose from, all which have no real regulations surrounding them, which make them very tricky to invest in. They face major challenges, some which are really problematic, such as security flaws at...

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