Analysis
While the price of Bitcoin (BTC) continues to reach record-breaking all-time highs, the hype around enterprise blockchain adoption may seem like it’s dwindling.
Enterprise blockchain started gaining traction in 2017 when Bitcoin’s price hit a high of nearly $20,000. It was during this time that blue-chip companies, such as IBM, JP Morgan and Walmart, announced plans to incorporate blockchain networks into business processes like supply chain management. A number of innovative startups also began building their own blockchain networks for enterprise use.
One of these startups was Insolar, a company founded in 2018 with the aim of bringing transparent and efficient business networks to enterprises through blockchain systems. Peter Fedchenkov, chief revenue officer and co-founder of Insolar, told Cointelegraph that the company initially began as an Ethereum ERC-20 token intended to power a decentralized grocery marketplace. Fedchenkov, however, realized that the Ethe
Dec 2, 2020 9:03 AM PT
Libra, the digital currency announced by Facebook last year, is getting a new name. Libra will now be Diem.
The new name will reenforce the currency project s independence, according to a statement released Tuesday by the Libra Association, which is also changing its name. From now on it will be the Diem Association. What s the best way to get people to think about a product differently? asked Josh Crandall, CEO and co-founder of NetPop Research. Change the name.
He maintained the name change is Facebook s way to create a blank slate for the currency. The Libra rollout was rife with conflicts between partners and positioning statements that roiled the industry, he explained to TechNewsWorld. They had to bury that history however they could and changing the name was the fastest means to an end.
Dec 2, 2020 9:03 AM PT
Libra, the digital currency announced by Facebook last year, is getting a new name. Libra will now be Diem.
The new name will reenforce the currency project s independence, according to a statement released Tuesday by the Libra Association, which is also changing its name. From now on it will be the Diem Association. What s the best way to get people to think about a product differently? asked Josh Crandall, CEO and co-founder of NetPop Research. Change the name.
He maintained the name change is Facebook s way to create a blank slate for the currency. The Libra rollout was rife with conflicts between partners and positioning statements that roiled the industry, he explained to TechNewsWorld. They had to bury that history however they could and changing the name was the fastest means to an end.