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Cryptos And Blockchain Really Explode With Giant Industry Players

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Mrigwani Vandana

CBW -External Analyst

INDIA

Jan, 13 2021

Jan, 13 2021

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Every day there's more news about what can, may, and will happen within the world of cryptocurrencies (CC's) and Blockchain. There has been significant investment, research, and much chatter, but the coins and therefore the projects are still not mainstream. they need not yet delivered the explosive changes envisioned. What could also be needed is for giant industry players, like IBM, Microsoft, and therefore the large financial services corporations to continue forging ahead in developing useful Blockchain applications - ones that the entire world can't live without. 

 

Banks almost have an honest reason to charge the high service fees they are doing - their systems aren't efficient. These systems have many layers of redundant data, as everyone involved in a transaction has got to have their version of the transaction details. Trust by the banks during a new technology will take time, and even longer are going to be needed for that trust to trickle right down to consumers. 

 

Another company that will soon be able to give CC's and Blockchain an enormous boost is Amazon. it's like Amazon is preparing to launch their very own cryptocurrency. this is often a corporation with revenues the dimensions of a good-sized country, and that they are in a position to issue a digital token that might be fully convertible with other CC's, and fiat currencies too. Amazon may have the perfect ecosystem of consumers and partners to form this all happen. Worldwide they need about 300 million customer accounts, roughly the population of the USA, and that they have 100,000 sellers on their platforms, with many items purchasable. there's few more mainstream company than Amazon, with a huge, vibrant economy all linked in. Amazon's imminent entry into the planet of CC's may signal the adoption of blockchain technology by mainstream institutions on an outsized scale.


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Mrigwani Vandana

CBW - External Analyst

INDIA

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