icon_hacks_b Created with Sketch. Garage Blog

All you need to know about Blockchain (Technology, Fintech, Startups and more)

It is not surprising that all your friends and family are talking about blockchain. Blockchain is one of the biggest buzzwords in the technology field of 2018. It appears complicated yet actually, it is not as difficult as you think. We’re going to break it down and tell you everything you need to know.

What is blockchain?

A blockchain is a relatively new form of database for storing data and digital information more securely with the help of cryptography. As we all know, most financial record databases are maintained by a central institution. With the blockchain database, centralized authority is replaced by decentralized computing in a transparent form, where everyone can see the details of each record. The blockchain is playing a role as a real-time ledger to record everything, from financial transactions to contracts, to physical assets, to supply chain information, it knows more than you! Hence, the need for a third party to make a transaction between consumers and suppliers are eliminated. But keep in mind that there is actually no person or organization in charge of the entire chain, which is why blockchain is such an ingenious invention.

 

Why is this important?

If blockchain goes mainstream, anyone with access to the internet would be able to use it for transactions, translating into a multi-billion dollar market! Here are 5 genuine reasons to go with blockchain in your business:

 

1. Banking and Payments

Blockchain allows anyone to make a transaction in a faster and more efficient way, anywhere at any time. With the help of cryptography, security is no longer a concern.

 

2. Cybersecurity

With advanced cryptography, all data are verified and encrypted in the blockchain, making it resistant to unauthorized changes and hacks.

 

3. Unified Communications

Blockchains enables faster, more secure and more reliable automated communication. Emails, system alerts, and call notifications are a must in the business world, blockchain can help to produce an accurate record of communication based on pre-built algorithms.

Blockchain is undoubtedly the fastest-growing digital technology since the evolution of the internet. Today, corporates and startups are jumping on the blockchain trend and looking for different ways to promote their ideas by applying this new technology. Here are some of the interesting up-and-coming blockchain startups and projects in Hong Kong:

CryptoBLK – A technology company focusing on building, deploying, and operating DLT solutions and systems for various financial services domains.

Gatecoin – A well-rounded blockchain platform in the market. It allows users to initiate in bitcoin trading and avail merchant-related financial services based on the bitcoin blockchain network.

ANXPRO - An advanced trading platform designed for experienced digital assets traders and specializes in Altcoins, Algos and Performance.

LikeCoin – A blockchain protocol for independent content creators, which provides a mechanism for creators worldwide to be rewarded for their original or derivative work

similarposts
icon_hacks_b Created with Sketch. Garage Blog Flourishing at Garage: Insurtech company blüüm transforms with a rebrand
icon_hacks_b Created with Sketch. Garage Blog Creativity matters: Empowering children through photography

At Garage Society we believe imagination — the capacity to create and evolve — is crucial to how we operate, create opportunities for our members, and find new paths to grow.

As the world adapts, problems aren’t getting simpler, with today’s challenges requiring a more creative approach. From childhood, we’ve been taught that creativity is for some people, or that it’s something you lose as you grow older.

As part of our Impact Month, we sat down with Gladys Soh, photographer and founder of Gosh! Kids to discuss why creativity matters, its impact, and her passion for keeping children creative.

icon_hacks_b Created with Sketch. Garage Blog Top 4 Reasons Why Co-working Space Is Important for Success

Today’s entrepreneurs do not like getting tied down and are inherently drawn towards options that let them progress at their own growth-plan. Personalisation and a sense of creative freedom has picked up the pace and is here to not only rule but also dominate the work culture.