Bitcoin was the first crypto currency with the goal of creating a payment system that works without financial institutions. This should enable consumers a certain degree of informational self-determination and anonymity. Crypto-currencies can be used for much more than just financial transactions, as they provide a secure, fast and cost-efficient alternative for the transmission of
The effects of the coronavirus on the global value chain could be mitigated with decentralized technology. The coronavirus pandemic affects not only people but also supply chains. Goods currently have greater freedom of movement than people, but this is of little help if a link in the chain has to close due to a corona
The currency in the market today is called fiat money. It is money issued by a country's central bank and traded as a legal, officially recognized medium of exchange. The basis for a currency to work at all is the acceptance of it. If the transaction and purchase means function is given, the full acceptance
"The COVID 19 pandemic will bring an end to cash and accelerate the introduction of digital banking services, including central bank crypto currencies," said Edwin Bautista, CEO of UnionBank. In the Philippines in particular, the pandemic poses challenges for people to deliver banknotes and distribute them to islands and ATMs. The most sensible option is
In Germany, crypto-currencies are not legal tender, they are classified as private money by the Federal Ministry of Finance (BMF). They are thus similar to external effects, which is why no value-added tax is payable on exchange and trade. In general, speculation and the associated sale of crypto-currencies is basically a private sale transaction. Whether
Bitcoin Mining is the heart of the No. 1 crypto currency, but the process also causes a lot of confusion. We will shed light on the darkness and explain how Bitcoin Mining works. The main problem of the new form of money is its distribution. Unlike fiat money, crypto currencies do not have a central
Modern mobility is undergoing a change. A look at the current developments in times of climate debate makes it clear what a key role e-mobility plays. New and, above all, efficient solutions for urban traffic are developing. E-scooters, which can already be seen in many cities today, are seen as big winners. The blockchain industry
Security checks at airports have been tightening more and more since the 2000s. Passengers have to go through several routine checks before boarding an aircraft. The start-up company Zamna wants to change this situation. With the help of a data verification platform, the company wants to check passenger data records. The platform combines passenger data
The growing popularity of Bitcoin or Ethereum has led many to believe that block chains and distributed ledgers are the same thing. More and more often the terms are mixed up or misused. However, there are some differences between the terms. We will now explain these differences in more detail. What is Distributed Ledger Technology
Blockchain technology continues to make its way into society. Breitling is now securing proof of identity for a new watch collection. The technology is ideally suited to this task, as it is capable of providing and, above all, guaranteeing proof of origin of all kinds. What is noted on the Blockchain is difficult to delete
