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.
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.
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:
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.
With advanced cryptography, all data are verified and encrypted in the blockchain, making it resistant to unauthorized changes and hacks.
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
As part of our #BeTheChange series, we sit down and discuss how people and business have evolved, with change-makers in our Garage Community.
This week, we sit down with Michelle Hong, co-founder of Rooftop Republic, a social enterprise on a mission to introduce the joys of urban farming to the city folk of Hong Kong.
Rooftop Republic has been part of the Garage Community since 2018, and they have a rooftop farm on the terrace of our Wan Chai Lockhart space.
It was great to catch up with Michelle over sustainability, social entrepreneurship, and the joys of growing your own food.
The advent of user-friendly e-commerce tools has made starting your own small business easier than ever.
With so many people embarking on their entrepreneurial journey, we thought we’d give you a reminder on how to support small, local business owners.
We encourage everyone to be conscious consumers - whether this means voting with your dollar for locally farmed vegetables, or writing a positive review for the indie coffee shop in your neighbourhood.
Here are a few ideas to get started:
As part of our focus on growth, we asked the Garage Community what areas they would like they spend more time developing. It was very clear that you all wanted to dedicate more time to your mental and physical health!
Considering that Hong Kongers have some of the longest working hours in the world, it’s important to carve out some time for yourself.
Here is a comprehensive wellbeing toolkit with guides, recommendations, and resources for bettering your mind and body.
Want to take part in this month's Community Survey? Click here.