How Blockchain May Finish Off Big Corporations

Old-fashioned corporations and traditional business schemes continuously give ground these days. As the world gradually submerges in the ocean of postmodernist paradigm, the very essence of successful businesses is changing, with a term ‘Uber moment’ used to refer to those changes. Indeed, the same Uber is a cab company that owns no cars. Similarly, Alibaba […]

Russian Business Daily Calls Russia to Embrace Cryptocurrency

Pavel Cherkashin, an angel investor and a partner at Vestor.In Partners, wrote an article for Russia’s most popular business newspaper Vedomosti. There he describes cryptocurrency in general and points out lots of its advantages as compared to the traditional banking system. Cherkashin stated that, according to expert opinions, at least 10% of the global GDP […]

BitPesa Remains Discontinued from M-Pesa

According to the recent ruling by the Kenyan High Court, local operator Safaricom servicing M-Pesa will not have to provide access to bitcoin startup BitPesa. Though the case is far from being dismissed, the current ruling would prolong the service’s inability to operate as is. Last month, the mobile payments company Lipisha’s accounts had been […]

How to Implement Smart Contracts: Business Philosophy

After the advent of cryptocurrencies specialists in business automation engaged in discussions on smart contracts as they deemed them the method to eliminate third parties and reduce operational costs for businesses. It is hardly surprising, because, in fact, a cryptocurrency transaction is particular case of a smart contract recorded in a public register unreservedly transferring […]