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Price analysis 4/9: BTC, ETH, BNB, XRP, ADA, DOT, UNI, LTC, LINK, THETA

April 9, 2021 by Blockchain Consultants

Hong Kong tech company Meitu revealed on April 8 that it had added $10 million worth of Bitcoin (BTC) to its holdings which were purchased at an average rate of $57,000 per coin. After the latest purchase, Meitu’s total cryptocurrency portfolio consists of $49.5 million worth of Bitcoin and $50.5 million worth of Ether (ETH). This acquisition shows that institutional investors are confident that the rally in Bitcoin is still in its early stages.

Tom Jessop, Fidelity’s head of the crypto division, believes that Bitcoin has reached a tipping point and that traditional finance companies will continue to adopt cryptocurrency aggressively in the next few years. Jessop believes the massive monetary stimulus from governments and central banks has accelerated institutional adoption and this is a trend that could extend for at least another year.

Daily cryptocurrency market performance. Source: Coin360

It is not only institutional investors who are rushing into cryptocurrencies. Data shows that the number of retail investors trading cryptocurrency has also increased. Popular trading app Robinhood reported on April 8 that crypto trading on its platform surged to 9.5 million users in Q1 2021, a six-fold increase over Q4 2020.

While crypto adoption is on the rise, some legacy finance firms are still taking an anti-crypto approach. HSBC has reportedly blacklisted MicroStrategy stock and will not allow customers on its HSBC InvestDirect platform to buy shares from the company.

Will Bitcoin and major altcoins extend their uptrend and attract more buyers or will they enter a corrective phase? Let’s analyze the charts of the top-10 cryptocurrencies to find out.

BTC/USDT

The bears could not capitalize on Bitcoin’s break below the 20-day exponential moving average ($57,043) on April 7. Their failure to break the 50-day simple moving average ($54,572) support could have attracted buying from the aggressive bulls, resulting in the rebound on April 8.

BTC/USDT daily chart. Source: TradingView

However, today’s Doji candlestick suggests the bulls are struggling to sustain the momentum at higher levels.

The BTC/USDT pair has formed an inverse head and shoulders pattern that will complete on a breakout and close above $60,000. This bullish setup has a target objective at $69,540. If the bulls sustain the momentum and clear this hurdle, the uptrend may reach the next target at $79,566.

Contrary to this assumption, if the price turns down from the current level, the bears will once again try to break the critical support at the 50-day SMA. If they succeed, the selling could intensify as short-term traders may rush to the exit. That could pull the pair down to $50,460.02 and then $43,006.77.

ETH/USDT

Ether’s (ETH) drop on April 7 was arrested at the 20-day EMA ($1,933), which shows the bulls are accumulating on dips. The price rebounded sharply on April 8 and rose above the resistance at $2,040.77.

ETH/USDT daily chart. Source: TradingView

The bulls will now make one more attempt to climb above the all-time high at $2,150. If they manage to do that, the ETH/USDT pair could resume its uptrend and march toward the next target objective at $2,618.14.

However, the bears are likely to have other plans. They will try to pull the price below the 20-day EMA. If that happens, several aggressive bulls may get trapped. That could intensify the selling, resulting in a drop to the trendline. A break below this support will suggest a change in trend.

BNB/USDT

Binance Coin (BNB) continues to be in a strong uptrend. The bulls flipped the $348.69 level to support on April 7 and followed that up with a breakout to a new all-time high on April 8. This shows a strong appetite from the bulls.

BNB/USDT daily chart. Source: TradingView

The upsloping moving averages and the relative strength index (RSI) above 75 indicate that the bulls are in command. The next target objective on the upside is the $500 to $530 zone where the bears may mount a stiff resistance.

On any correction, the first support to watch out for is the 20-day EMA ($334). A strong rebound off this support will suggest the sentiment remains bullish and traders are buying on dips.

However, if the BNB/USDT pair dips below the 20-day EMA, it will suggest that the bullish momentum is weakening.

XRP/USDT

XRP made successive inside day candlestick formations on April 7 and April 8. The current price action is pointing to another inside-day candlestick pattern today. The drop in daily volatility shows the altcoin is still digesting the recent gains.

XRP/USDT daily chart. Source: TradingView

This tightening of the intraday range usually ends with a strong breakout. If the uncertainty resolves to the upside and the bulls drive the price above $1.11, the XRP/USDT pair could start the next leg of the rally that could take it to $1.34 and then $1.66.

Alternatively, if the indecision resolves to the downside, it will suggest that supply exceeds demand and traders have dumped their positions. If that happens, the pair could drop to the 20-day EMA ($0.72). A break below this level could pull the price down to $0.65.

ADA/USDT

Cardano (ADA) dipped below the 20-day EMA ($1.18) on April 7 but the bulls did not allow the price to slip below the 50-day SMA ($1.16). This shows the bulls are defending the moving averages aggressively.

ADA/USDT daily chart. Source: TradingView

The buyers will now try to push the price above $1.33. If they manage to do that, the ADA/USDT pair could rise to $1.48. This is an important level to watch out for because the pair has returned from it on two previous occasions.

If the price again reverses direction from $1.48, it will suggest that the range-bound action may continue for a few more days. On the other hand, if the bulls can drive the price above $1.48, the pair could resume the uptrend toward the next target objective at $2.

A break below the moving averages will be the first sign of weakness and that could result in a drop to the $1.02 support. If this level breaks down, the bears could start a deeper correction to $0.80.

DOT/USDT

Polkadot (DOT) bounced off the 20-day EMA ($38.68) on April 7, indicating buying on dips. The bulls will now try to push the price above the overhead resistance at $42.28.

DOT/USDT daily chart. Source: TradingView

If they succeed, the DOT/USDT pair will retest the all-time high at $46.80. A breakout and close above this level could start the next leg of the rally that has a target objective at $53.50 and then $57.

The gradually upsloping 20-day EMA and the RSI in the positive territory suggest the bulls have the upper hand.

However, if the price turns down from the current level and breaks below the moving averages, it will indicate that traders are closing their positions on rallies. That could result in a fall to $32.50 and then $26.50.

UNI/USDT

The bulls successfully held the $27.97 support on April 7, which is a positive sign as it shows accumulation on dips. Uniswap (UNI) bounced back above the 20-day EMA ($29.65) on April 8 and the buyers will now try to push the price above $32.50.

UNI/USDT daily chart. Source: TradingView

If they succeed, the UNI/USDT pair could rally to the $35.20 to $36.80 overhead resistance zone. The bears are likely to defend this zone aggressively. If the price turns down from this resistance, the pair may extend its stay inside the range for a few more days.

Contrary to this assumption, if the price turns down from the current level, the bears will make one more attempt to pull the price below the $27.97 to $25.50 support zone. If they manage to do that, the pair could start a deeper correction to $20.74.

LTC/USDT

Litecoin (LTC) successfully completed the retest of the breakout level from the symmetrical triangle on April 7. That was followed by a rebound on April 8, but the bulls are struggling to pick up momentum.

LTC/USDT daily chart. Source: TradingView

This shows hesitation to buy at higher levels. If the bulls do not overcome the hurdle at $246.96 within the next few days, the possibility of a break below the 20-day EMA ($207) increases. In such a case, the LTC/USDT pair could drop to the support line.

Contrary to this assumption, if the bulls sustain the momentum and propel the price above $246.96, the pair could start the next leg of the uptrend that may reach $307.42. The gradually rising 20-day EMA and the RSI above 59 suggest a minor advantage to the bulls.

LINK/USDT

Chainlink’s (LINK) sharp reversal on April 7 could not break below the 20-day EMA ($30.29). This shows the sentiment remains positive and the bulls are buying on dips. The rebound on April 8 rose above the $32 resistance but the bulls are struggling to build on this strength today.

LINK/USDT daily chart. Source: TradingView

If the price turns down and breaks below the moving averages, it will suggest that supply exceeds demand at higher levels. That could pull the price down to the critical support at $24.

On the other hand, if the bulls again defend the 20-day EMA, the LINK/USDT pair could rise to the all-time high at $36.93. A breakout and close above this resistance will suggest the bulls have absorbed the supply and that may indicate the start of the next leg of the uptrend.

However, if the price again turns down from $36.93, the pair could extend its stay inside the range for a few more days.

THETA/USDT

After the large range day on April 7, THETA made an inside day candlestick pattern on April 8 and has followed it up with another one today. This shows indecision among the bulls and the bears about the next directional move. While the bears are defending the overhead resistance, the bulls are buying on every minor dip.

THETA/USDT daily chart. Source: TradingView

The upsloping 20-day EMA ($11.33) and the RSI above 62 suggest a minor advantage to the bulls. The buyers will have to clear the hurdle at $14 to signal the start of the next leg of the uptrend. If they manage to do that, the THETA/USDT pair could rally to $17.65 and then $22.50.

On the contrary, if the bears sink the price below the 20-day EMA, it will be the first sign of a possible change in sentiment. It will suggest that the bulls are no longer buying the dips to the 20-day EMA. The next critical support to watch will be $10.35. If this level is taken out, a deeper correction to the 50-day SMA may start.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Market data is provided by HitBTC exchange.

Price analysis 4/9: BTC, ETH, BNB, XRP, ADA, DOT, UNI, LTC, LINK, THETA

Source

Filed Under: blockchain technology Tagged With: ada, Adoption, altcoin, altcoins, analysis, author, Banks, Binance Coin, Bitcoin, btc, cardano, Chainlink, Companies, correction, crypto, Cryptocurrencies, cryptocurrency, data, ETH, ether, ethereum, exchange, finance, head, index, investment, LINE, Litecoin, LTC, Market, Markets, meitu, opinions, other, Polkadot, price analysis, ripple, Robinhood, signal, tech, THETA, Trading, tradingview, Uniswap, xrp

CoinMarketCap removes South Korea crypto exchanges from Bitcoin price tracker

April 6, 2021 by Blockchain Consultants

Crypto price trackin website CoinMarketCap has removed many South Korean exchanges from its calculations for the price of Bitcoin as the coin dipped under $58,000 again.

As of today, CoinMarketCap’s Bitcoin price tracker shows no data from major South Korean crypto exchanges including Upbit, Bithumb, Coinone, and Korbit. The website uses data from many exchanges to estimate the average price for cryptocurrencies. At the time of publication, the price of Bitcoin (BTC) is $57,721, having fallen more than 2% this morning.

Speaking to Cointelegraph, CoinMarketCap content manager Molly Jane Zuckerman said the removal was due to the premium observed on crypto exchanges based in South Korea. The crypto analytics provider estimates the BTC price to be roughly 6% higher than that on other exchanges.

“If the prices on South Korean exchanges stabilize, then we will add the data back in, but that hasn’t happened yet,” said Zuckerman.

The last time the price tracking website took similar action was in 2018, when CoinMarketCap announced it had “excluded some South Korean exchanges in price calculations due to the extreme divergence in prices from the rest of the world and limited arbitrage opportunity.”

During roughly the same time three years ago, the price of XRP was falling significantly after reaching an all-time high of $2.96 on Jan. 2. However, the token is looking bullish today, having briefly surpassed $1.00 for the first time since 2018 after it rose more than 20% in the last 24 hours. The price has since fallen to $0.9694 at the time of publication.

CoinMarketCap said only its Bitcoin price index was affected today, given the large volume of the crypto asset on South Korean exchanges. Last month, the volume of transactions in the South Korean digital currency market — driven in part by the price of BTC reaching an all-time — briefly exceeded the daily average transaction amount of the country’s stock market.

CoinMarketCap removes South Korea crypto exchanges from Bitcoin price tracker

Source

Filed Under: blockchain technology Tagged With: Bitcoin, Bitcoin Price, btc, btc price, Business, coinmarketcap, crypto, Crypto Exchanges, Cryptocurrencies, Currency, data, Digital, digital currency, Exchanges, index, korea, Market, other, South Korea, stock market, token, world

Bitcoin Could Surge $5 million, ‘Screaming Signal’ To Buy, Says MicroStrategy CEO

March 26, 2021 by Blockchain Consultants

According to the latest announcement, CEO of MicroStrategy, Michael Saylor, predicts that Bitcoin price could hit $5 Million and considers BTC as a “screaming buy.” 

Now that Saylor predicts the price of Bitcoin to hit $5 Million, it indicates that his price foretelling surpasses all predictions, including the one made by Kraken. 

Recently, the CEO of popular cryptocurrency trading platform Kraken also believes that BTC will surpass all records and will hit $1 million in the next few years. 

Saylor’s words came during an interview with FamilyOffice, first spotted by Daily Hodl, where he stated that he assumes BTC price would hit a million dollars adding it could reach $5 million. According to him, if it merely substitutes all the indexes with monetary index money, why shouldn’t it hit a market cap of $100 trillion or even more?

According to Saylor, Bitcoin is Screaming Signal

According to Saylor, BTC is showing investors a “screaming signal” that it should be bought, as it has the potential to reach “$200 to $300 trillion addressable markets. He also cites Bitcoin as the most common cryptocurrency, with the buy signal being that it has been growing at a rate of 200 percent per year for the past 12 years. 

He also predicts cryptocurrency with FAANG (Facebook, Amazon, Apple, Netflix, and Google) stocks and believes that cryptocurrency will keep on outperforming when compared to FAANG stocks. This assumption comes from the fact that he doesn’t think the tech giants will rise by a factor of ten from where they are today, considering the fact that he thinks they will “maybe” triple in value over time.

Following the economic fallout and rise in money printing that started early last year, Saylor believes Bitcoin’s promise has become much easier to comprehend.

In his words, “Bitcoin got to be a much easier trade in March of 2020. And every month since March of 2020, it’s been de-risked exponentially, and then the need is exploding.”

2021 The Best Year So Far For Bitcoin

Although there are over 4,000 cryptocurrencies, still Bitcoin-the first-ever cryptocurrency is considered to be the most successful cryptocurrency to date.

It all started in 2009 where the Bitcoin network was first introduced, and since the cryptocurrency has seen some significant ups and downs. 

2021 has been the best year for Bitcoin as it experienced an unexpected hike. In January 2021, its price rose to $40K, and on 16 February, the price further surged to $50,000, and finally, on 13 March 2021, it was announced that the price crossed $61,000 to set a new all-time high. 

At the time of writing, BTC is trading at the rate of $52,752.00 with a market capitalization of 983,367,972,775. 

To get instant updates about Blockchain Technology and to learn more about online Blockchain Certifications, check out Blockchain Council.

Bitcoin Could Surge $5 million, ‘Screaming Signal’ To Buy, Says MicroStrategy CEO

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Filed Under: blockchain, blockchain technology, cryptocurrency Tagged With: amazon, Apple, Bitcoin, Bitcoin Price, blockchain, blockchain-technology, btc, btc price, ceo, Cryptocurrencies, cryptocurrency, facebook, google, HODL, index, interview, kraken, Market, market capitalization, Markets, money, Netflix, Predictions, printing, signal, Stocks, tech, Trading

What keeps Bitcoin price similar across different crypto exchanges?

March 11, 2021 by Blockchain Consultants

Bitcoin trades in countless locations across the globe, including on numerous exchanges. The asset, however, largely trades near the same U.S. dollar value across the market, aside from some countries’ outlying price action from time to time. How is this possible? 

Numerous trading products exist in the crypto space, including Bitcoin (BTC) futures and options, but how is the price of actual transactable BTC, called spot BTC, determined in the crypto market, especially given the vast number of exchanges?

“The price of BTC at any moment is really no more than a function of the price people are ready to buy or sell BTC at that time,” Justin d’Anethan, sales manager at Equos — a digital asset exchange under Diginex Group — told Cointelegraph. “That is why it will vary — very slightly — from one exchange to the other,” he explained, adding:

“Naturally, market makers and arbitrageurs will play off that difference and minimize it (selling when it’s higher; buying when it’s lower so that it naturally corrects). Often, data providers and exchanges themselves use an index as a base, which is composed of the current price monitored across a selection of different exchanges.”

Arbitrage is one aspect of the market that helps keep Bitcoin’s price similar across exchanges. If BTC trades at $50,000 per coin on one exchange and $60,000 on another, people would likely buy BTC for $50,000, send it to the other exchange, sell it for $60,000, and keep the profit of $10,000 per coin. A number of factors play into arbitrage, however, such as transaction timing, exchange restrictions and bots.

Filbfilb, a crypto analyst and trader, also sees arbitrage as a significant component in determining Bitcoin’s spot price on the market. “Generally speaking, arbitrage bots play a major role in eliminating pricing differences brought about by isolated volume,” he told Cointelegraph. “They effectively reward people who correct market price discrepancies, with profit,” he added. Filbfilb explained:

“A high volume dump on one exchange, A, which presses price down beyond that of exchange B, will see arbitrage participants buy the cheaper coins on exchange A and sell them at a higher price on exchange B. This will continue until price A and B are equalized and the opportunity is eliminated. Obviously, that is a simplistic example, but it’s going on literally all the time.”

Arbitrage opportunities have also existed between Bitcoin futures and spot trading, according to a strategy once mentioned by Bitcoin stock-to-flow model creator PlanB. The tactic essentially involves shorting BTC futures while purchasing spot Bitcoin.

Certain Bitcoin futures, such as those tradable on the Chicago Mercantile Exchange, sometimes trade above the asset’s price near the beginning of their contract periods, depending on the expiration, finding their way closer to the spot price of BTC by the time expiration comes around. This system depends on a number of factors, however, such as the length of the chosen Bitcoin futures contract.

“Buy orders and sell orders from participants across the globe determine the real-time price of Bitcoin,” Rob Levy, co-founder of Hxro — a crypto trading platform — told Cointelegraph. “The markets are all connected — from the spot markets to the derivatives markets (futures, options, swaps),” he said, adding:

“The most advanced market participants, often called liquidity providers or market makers, trade across all of the most active exchanges across the globe simultaneously. The advanced trading systems built by high-frequency traders monitor the order books on all of the major exchanges around the clock.”

Levy noted fast arbitrage as the force maintaining comparable BTC pricing on various crypto trading platforms.

Additionally, the CME’s BTC futures trading impacts the market price for spot Bitcoin, according to a report by Wilshire Phoenix, an investment firm. “The findings of Wilshire Phoenix […] indicate that CME Bitcoin Futures contribute more to price discovery than its related spot markets,” the report said.

The CME opened cash-settled Bitcoin futures trading in 2017. In tandem with its BTC futures, the Chicago trading entity uses the CME CF Bitcoin Reference Rate — a value for Bitcoin, taking into account data from exchanges on the BTC spot market.

Overall, although certain factors can play a part in standardizing Bitcoin’s price across exchanges, the asset derives its overall worth based on a number of rationales, including its role as a store of value.

What keeps Bitcoin price similar across different crypto exchanges?

Source

Filed Under: blockchain technology Tagged With: analyst, Bitcoin, Bitcoin Futures, Bitcoin Price, Books, bots, btc, Chicago, Co-founder, crypto, Crypto Exchanges, data, derivatives, Digital, exchange, Exchanges, Futures, index, investment, Market, Markets, Model, other, phoenix, Space, Trading, tradingview, u.s.

Bitcoin (BTC) Price Prediction: BTC/USD Is Stuck Below the Psychological Price Level, Unable to Sustain Above $50,000

March 6, 2021 by Blockchain Consultants

Bitcoin (BTC) Price Prediction – March 6, 2021
On May 3, buyers pushed above the psychological price level as BTC/USD price rallied to $52,000 high. The bulls could not sustain the bullish momentum above the $52,000 high. There was a bearish reaction as Bitcoin dropped to $46,417.00 low.

Resistance Levels: $58,000, $59,000, $60,000
Support Levels: $40,000, $39,000, $38,000

BTC/USD – Daily Chart

Following the rejection from the $52,000 resistance, BTC price fell to $46,000 support and price corrected upward. The upward correction was terminated at $49,361 as the BTC price drops again to the support at $47,000. As Bitcoin faces rejection from the recent high, there is the likelihood of the bulls recouping to resume upward move. However, as the price continues its fluctuations, the current support at $46,000 can be broken by the bears. On the downside, Bitcoin is likely to decline to $41,000 low, if the current support is breached. On the upside, if the bulls break the $52,000 resistance, Bitcoin will resume upside momentum. A rally above $58,000 is likely. Bitcoin is at level 50 of the Relative Strength Index Period 14. It indicates that there is a balance between supply and demand.

Bitcoin Potential Growth Is Likely Between $75k and $306k, Kraken Research
According to the historical data of Bitcoin dating back to 2011 suggests that the coin’s price could rise somewhere between $75,000 and $306,000, by Kraken’s research. From the data in 2021, the first quarter of 2021 has been the third-best performing quarter in Bit coin’s 12-year existence. However, according to Kraken’s research March has been a bad month for Bitcoin’s 12 –year existence. In the past, March has, on average, underperformed February growth by 11%. Presently, Bitcoin is now trending like the first quarter of 2013; which is regarded as the most fruitful Q1 in the coin’s history.

BTC/USD – 4 Hour Chart

Meanwhile, Bitcoin price is fluctuating between $46,000 and $52,000 after the recent rejection. On March 2 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that Bitcoin will rise to level 1.272 Fibonacci extensions or the high of $51,896.60. Nevertheless, Bitcoin will reverse at the recent high to the 78.6% Fibonacci retracement level where it originated. From the price action, the market has already reversed.

Bitcoin (BTC) Price Prediction: BTC/USD Is Stuck Below the Psychological Price Level, Unable to Sustain Above $50,000

Source

Filed Under: blockchain Tagged With: analysis, Bitcoin, Bitcoin Price, btc, btc price, BTC/USD, correction, data, index, kraken, Market, opinion, Price Prediction

Blockchain has the Potential to Fight Root Causes of Poverty

March 2, 2021 by Blockchain Consultants

Blockchain has the Potential to Fight Root Causes of Poverty

You must have come across various use-cases of Blockchain. Do you have any idea how this distributed ledger technology can fight the root causes of poverty? This article talks about how Blockchain can help lift poor people out of poverty in developing countries.

Table of Contents 

  • Overview 
  • General Causes for Poverty and How Blockchain can Deal with it
  • Conclusion: Is Blockchain the Solution to End Poverty?

Overview 

While various technological advancements have significantly reduced global poverty to a great extent, it is still existing. Blockchain, which is a P2P decentralized distributed ledger technology, is assumed to have the potential to create significant political, social, and economic gains for developing countries. Although a Blockchain-based database isn’t enough to solve these difficulties, it can definitely change the poor economy’s facet. 

According to NASSCOM that stands for National Association of Software and Services Companies, Blockchain-led improvement in productivity and cost reduction can create a value of around US$5 billion in the Indian economy in the next three years from now.

Interested in learning blockchain technology and become a Blockchain Expert? Check out the best online blockchain certification courses at Blockchain Council.

General Causes for Poverty and How Blockchain can Deal with it

Poor record-keeping methods and inaccurate registry are the significant challenges that make it nearly impossible for people to prove they own the land. Citizens of developing countries do not have a secure ledger to record and store their crucial information. Without the ability to verify deeds, people are unable to buy or sell their land, access loans, and other financial tools that are necessary to improve their financial position. They are still relying on third-party intermediaries for managing their documents, and therefore, their property records are typically vulnerable to inconsistencies, tampering, damage, and data loss. Lack of legal land ownership is one of the biggest causes of poverty in developing countries.

Distributed ledger technology like Blockchain can be piloted in novel ways to address such concerns. 

Using a blockchain to record transactions ensures that it is not susceptible to tampering. Since Blockchain records a clear history of modifications, including who did what and when thus records stored on the distributed ledger is virtually impossible to change. 

Using this technology for property ownership registration protects the rights of the owner and enables easy resolve of disputes, if any, prevents cheating, and makes the correct transfer of ownership after-sale possible. Thus, technology can be used to establish credit, allowing owners to open bank accounts and perform monetary transactions, thus enabling higher financial inclusion, paving the way to sound futures.

Lack of identity is another crucial issue in developing countries. According to the World Bank’s global financial index, around a quarter of the world’s population is unbanked, and due to this, people are unable to open their bank accounts and access financial services.

Blockchain can deal with this problem by providing a Blockchain-powered digital identity that could be utilized by all those who don’t have proper identification. Such identities can be used globally and hence enable poor people to access financial systems and transactions. Moreover, Blockchain-based smart contracts can also help in the verification process for availing the desired services in a truly independent manner. People no longer have to be dependent on higher-authorities for verifying their details for processing transactions.

Apart from this, Blockchain can also provide other benefits too. Like for instance, it can make the transferring of the land process easy and straightforward. Instead of relying upon central authorities like going to a public registry house to transfer their land, which costs heavily, moving the entire process onto the Blockchain can drop the cost and streamline the entire process.

Curious to learn more about the smart contract and become a Certified Smart Contract Developer? We are here to assist you.

Conclusion: Is Blockchain the Solution to End Poverty?

The living conditions of billions of people are improving, and all credit goes to advances in technology such as Blockchain. But this technology is solely not responsible for breaking the cycle of poverty. Technologies such as the IoT, 5G combined with sound economic and social policies are also the key players in this direction. Despite the promise of Blockchain, there are various fundamental challenges for its implementation. Also, bureaucrats may oppose using that technology that reduces their power and privileges.

If you are looking for the best Blockchain Certification courses, you can get enrolled in Blockchain Council and become a Certified Blockchain Developer/Expert.

To get instant updates about Blockchain Technology and to learn more about online Blockchain Certifications, check out Blockchain Council.  

Blockchain has the Potential to Fight Root Causes of Poverty

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Filed Under: blockchain, blockchain technology Tagged With: 5g, article, Bank, blockchain, blockchain certification, blockchain council, blockchain expert, blockchain updates, blockchain-technology, Companies, data, database, decentralized, Developing Countries, Digital, economy, financial inclusion, financial services, Futures, inclusion, index, information, iot, Ledger, other, p2p, productivity, smart contract, smart contracts, Software, Technology, Unbanked, world

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