Updated Dec 21, 2020 at 3:49 p.m. UTC
Public Blockchains Are Set to Reshape Global Commerce (2020 Was the Start)
Ronald Coase, an economist, came up with the idea that the cost and complexity of doing business in enterprises is the key factor in driving up (or down) the size of an efficient enterprise. Companies can keep getting bigger and more profitable so long as the cost and complexity of managing a process internally is lower than the cost of assembling the same pieces on the open market from multiple different suppliers.
The transaction costs that Coase talks about are not the simple matter of swiping a credit card. They involve the true cost of negotiating agreements and implementing them, tying together business rules, payments and covering the terms of an exchange between parties. Cutting a check or sending a wire transfer costs just pennies. Negotiating and implementing business agreements costs thousands of dollars. Blockchain champions who think the future is just abou
Blockchain Firm Fantom Unveils Pilot Project with Afghan Energy Giant
Blockchain company Fantom has shared details of a new partnership with Afghanistan’s largest energy company. The deal will see Fantom develop the technology for an auditing system that will enable Da Afghanistan Breshna Sherkat (DABS) to drive greater efficiencies. If successful, the pilot could be extended, showcasing the capabilities of Fantom’s blockchain stack while supporting DABS’ efforts to provide power across Afghanistan.
Although the country may seem an unlikely testbed for a blockchain pilot, Fantom has form for inking agreements in the country. Earlier this year, it struck a deal with the country’s Ministry of Health to develop a blockchain pilot for combating counterfeit medicine. The country, despite lacking the infrastructure of more developed nations, has proven receptive to new technology. Blockchain adoption in a country like Afghanistan provides a clear demarcation between old systems a
Here are the top 10 books blockchain thought leaders recommend in 2020 Cointelegraph asked 10 leaders in blockchain about book recommendations this year. 16164 Total views New Year Special
With the continuous lockdowns and travel advisories brought on by the COVID-19 pandemic, 2020 seems to be a perfect year for discovering and reading new books.
As such, Cointelegraph collected a list of non-crypto-related book recommendations from 10 of the biggest thought leaders in the blockchain space. Sheila Warren, Caitlin Long, Alex Mashinsky, Tim Draper and others all chimed in to share their favorite or most interesting reads, demonstrating how their worldviews and perspectives have been shaped through literature.