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Showing posts from February 25, 2018

Enterprise Ethereum Alliance

The Enterprise Ethereum Alliance is the reason why my attention is on ETH (Php44,440 as of this writing). Microsoft, Telus, JPMorgan, Intel, UBS, BP among others are part of the launch members.   The purpose of the organization is to team up and figure out how to use ETH for business.  By "use ETH for business" I'm not referring to those companies investing in ETH or any crypto asset but rather, using the blockchain to improve internal processes. The security of a decentralized network opens up new possibilities for companies that use databases.  I would imagine that it will be of high value to businesses that share databases with third parties or even allow third parties to update the database.  A database covering a network of suppliers for instance or if the company itself is within a network of suppliers, would offer a higher level of trustworthiness if it were running on a blockchain like ETH.  While unrelated to this post, just as an FYI, I'm l...

Blockchain will change the world

So, this has been said many times already.  Even then, blockchain is still in the early days and how the decentralized network will change the world still sounds like sci-fi to the general population. Having done some basic research on it, I think it will change the world significantly.  I'm not just talking about the crypto currency craze (a bandwagon which I have been unable to avoid joining). Ethereum's (arguably the #2 crypto currency) method of utilizing the blockchain is making a lot of companies excited. I'm posting this here for posterity. And, for the record:  BTC on coins.ph is at Php601,406 and ETH is at Php44,440.  Also for the record, I'm long on both.