As previously reported, on Thursday, March 9th, the Federal Trade Commission (FTC) hosted a forum on the consumer implications of recent developments in artificial intelligence (AI) and blockchain technologies. This is the second of two entries on the March 9th FinTech Forum. Today’s post focuses blockchain technologies. Coverage of the opening remarks and the AI discussion may … Continue Reading
On Thursday, March 9th, the Federal Trade Commission (FTC) hosted a forum on the consumer implications of recent developments in artificial intelligence (AI) and blockchain technologies. This was the FTC’s third forum on issues in FinTech. Previous FinTech Forums covered marketplace lending and crowdfunding and peer-to-peer payments.
In opening remarks, the FTC acknowledged the benefits of technological … Continue Reading
While used by organized crime, cryptocurrencies are also becoming accepted as a legitimate payment method by mainstream sectors of the economy in Latin America. Currently, some stores, start-ups, restaurants, hotels, and other online businesses are accepting Bitcoin and other cryptocurrencies as a valid payment method. Online exchange platforms are emerging rapidly and even ATMs have been installed to carry out … Continue Reading
What is Blockchain?
You may have heard this term and wondered what it is (as have most of us). A blockchain is in essence a distributed digital database which maintains a list of records.
Members (with access to the database) validate the data in a specific block by means of a consensus of members using algorithmic calculations which utilize cryptography … Continue Reading
Given the amount of ink that has been spilled on the topic over the past months, most readers will likely be familiar with the term blockchain, as code for the type of distributed ledger technology that underlies bitcoin and other similar cryptocurrencies. Some of the more technologically inclined may already have an in-depth understanding of the workings of these systems. … Continue Reading
Chances are, at some point you’ve heard of the blockchain, or perhaps at least Bitcoin. It’s an increasingly hot topic as more and more attention is being paid to digital currency. The blockchain is what makes Bitcoin, and other similar transactions involving digital currencies, viable. Simply put, a blockchain is a time-stamped and linked shared digital ledger of transactions, accessible … Continue Reading