blockchain

13.01.2020 blog

2019 Enterprise Blockchain: Permissioned Blockchain Current State of Adoption and Revenue Models

Enterprise blockchain typically uses permissioned blockchain platforms for their networks. There are three main differences between a permissioned vs. permissionless blockchain (e.g., Bitcoin and Ethereum):
10.12.2019 blog

The Law, Blockchain, and Smart Contract: From the EU Blockchain Perspective

Recently, the advancement of blockchain technology has enabled asset tokenization (AT) and security token offerings (STOs). In comparison to cryptocurrency (e.g., Bitcoin) and initial coin offerings (ICOs), which could avoid the strict regulatory procedures, both AT and STIs have to fulfill at least one essential requirement: the existence of the asset. That is, it refers to investing a company’s securities (for STOs) or owning a specific portion of a particular asset (for AT).
19.11.2019 blog

How Decentralized Identity Overcome the Dark Side of Automation in Marketing and Consumption

It was an excellent trip to Atlanta for my presentation of research finding at the 50th Annual Association for Consumer Research (ACR) conference that held from 17-20 October 2019. This is my third time at the ACR conference; thus, I have many familiar faces to discuss current and future research direction. Surprisingly, only a few of them (experts in consumer research) are familiar with the “blockchain” term, and yet, most of them are passionate about artificial intelligence (AI).
04.11.2019 blog

Why Store Value in Bitcoin?

A key argument for Bitcoin is that this cryptocurrency does not have a tangible value to support its fundamental. It is neither incomparable to commodity money (e.g., gold) that holds its intrinsic value, nor as secure as a regulated currency or commonly known as fiat money, which is backed by a particular government. Importantly, the Bitcoin network is not making sense to some people as it consumes tremendous energy for proof-of-work consensus. As such, some economists and academicians hold a strong argument on the carbon footprint of Bitcoin on environmental sustainability.
14.10.2019 blog

Key Views on 172 Pages Liechtenstein Blockchain Act: Token and Trustworthy Technology Service Providers Act (TVTG)

On October 3, 2019, the parliament of Liechtenstein has unanimously voted for the first-ever Blockchain Act in the world. Officially, the act is referred to as the “Token and Trustworthy Technology Service Providers Act” (abbreviated TVTG in German), and the act will become effective on January 1, 2020. Importantly, the TVTG is focusing on blockchain and tokens in general, rather than emphasizing on cryptocurrency. As such, the act is concentrating on trustworthy technologies (TT) system that regulates service providers in the token economy.
20.04.2018 blog

Blockchain: Transient Hype or Solution to Energy Crisis?

Cryptocurrencies have made it to the top news due to the unprecedented rise of Bitcoin’s market capitalization. Amidst speculative hype, it is worth to remember that there is a real technology behind the scene, namely, the blockchain. The blockchain as a technological paradigm has diverse applications going far beyond volatile cryptocurrency markets, including smart grids and electricity markets in general.