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
Join us on Saturday, 3rd December for the Garage Greens Christmas Pop-up!
Get ready for a full day of sustainable shopping, yoga, wellness, and urban faming - keep reading to learn more about our vendors and event partners!
P.S. RSVP for free entry to the fair, and the chance to win an Asteria Explorer 1.0 Tea Set!
The pop-up fair will focus on sustainability, community wellness, and local businesses. RSVP for free entry to the fair (and the chance to win an Asteria Explorer 1.0 Tea Gift Set!), and keep reading to learn how you can be a supporting partner.
We're now inviting supporting partners and marketplace vendors to a part of the event!
As part of our #BeTheChange series, we sit down and discuss how work has evolved, with change-makers in our Garage Community.
This week we chat with Zev, an artist and lighting consultant. She uses The 33PRESS moniker for her artistic endeavors, and prefers to remain anonymous!
We chat about finding fulfillment, creating balance, and embracing discomfort in a cut-throat city like Hong Kong.
Author: Ching Lam Ip, Programme & Marketing Lead, Garage Society