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Showing posts from October, 2018

Think Crypto’s Challenges Are Unique? It’s Just History Repeating Itself

From bartering to blockchain, the world of money – and the way we transfer it – has never stood still. Indeed, even the assets we prize have changed. Although it might be nice to have some vegetables in your fridge, using it as a form of currency has probably never crossed your mind. It’s easy to take financial systems for granted. But every advancement over the centuries has caused some major disruption and a lot of getting used to. With each new system came imperfections and pitfalls – and in some ways, this is good.  Cryptocurrencies  hold a lot of promise but still face teething problems and challenges. History tells us that this is to be expected, and things can be fixed with patience and a few bright sparks. Buckle yourselves in. Together, we’re going to take a journey exploring where money transfers began, and how we got to where we are today. Surprisingly, the issues facing crypto right now have been seen throughout the centuries. Barter We’re going way back to st

A $30 Million Manhattan Condo Was Just Tokenized on Public Ethereum Blockchain

Manhattan’s first major asset to be tokenized on the  blockchain  is a luxury condo recently valued at $30 million. The East Village building contains 12 condos, each with 1700 square feet of space and each now tokenized on the Ethereum blockchain. The real estate property is now represented with a sum of tokens available for purchase on the  blockchain . A token represents a portion of the value of the property, allowing people to invest in luxury condos even with a small investment, something which was previously very difficult if not impossible. Bestselling author Ryan Serhant brokered the deal and favors tokenization as a viable modern financing method. Speaking to Forbes , Serhant said: “The market in New York is always strong, but it can take some time to sell for the right price in a new construction building.With  blockchain  tokenization, we can remove the unruly pressure of traditional bank financing, which is much healthier for the project and all of the stakeh

World’s Fifth Largest Airline Firm Explores Blockchain to Cut Costs for Customers

1:45 NEWS European  airline holding company Air France-KLM has partnered with blockchain travel ecosystem Winding Tree. The goal of the partnership is to reduce costs for the company’s customers by cutting out intermediaries. The alliance has revealed the new deal in a release  published  on its official website Thursday, Oct. 4. The world's  fifth largest  air company by revenue in 2018, Air France-KLM hopes  blockchain  will help it provide "a more advantageous travel offer for customers which is more profitable for suppliers, in particular by reducing the number of intermediaries." Sonia Barriere, the executive vice president for Strategy and Innovation at Air France-KLM, thinks that blockchain will "revolutionise exchanges within the travel industry" both for customers and companies. With the new deal, Air France-KLM joins the ranks of other airlines that have previously partnered with Winding Tree. As Cointelegraph  re