How Blockchain Creates Systematic Value

Over the last few years there has been a big research surge on Blockchain Technologies and simultaneously there have been many attempts at integrating them for a myriad of business applications.

Almost a decade ago Satoshi Nakamoto, the popular name behind the bitcoin development, bitcoin white paper author, and creation and deployment of bitcoin's original reference implementation described how blockchain technology could be utilized to resolve the problem of maintaining the order of transactions and to escape the double-spending problem, and privacy issues.

According to a report by Grand View Research, Inc. The global blockchain technology market size is expected to reach USD 394.60 billion by 2028. A survey on eight banks by Accenture Consulting shows that the potential savings on a cost base of $30 billion are more than $8 billion. According to another blockchain statistics for business benefits of a blockchain shows that 23% of respondents cite value chain and new business models as the main reasons for blockchain adoption by industry.

Blockchain is a system of values that could construct the outline for the coming time of the digital economy and Internet 2.0. The value propositions offered by the Bitcoin network include: Digital security, privacy, economy and investment model, and decentralized power. In addition, it can empower new types of peer-to-peer human joint efforts.

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Cryptocurrency investors in Singapore may have to go through a risk awareness assessment before being allowed to trade. They will also not be able to use credit cards or any form of borrowing to trade cryptocurrencies. These are among the measures proposed by the Monetary Authority of Singapore (MAS) to protect retail consumers. A risk awareness assessment is also being proposed to ensure that retail customers have sufficient knowledge of the risks involved. DPT service providers will not be allowed to offer any monetary or non-monetary incentives to retail customers upon sign-up, or to any person to encourage referrals of its service.

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