Weekly Sporto bookmarks (weekly)

• How the Blockchain Brings Social Benefits to Emerging Economies - Knowledge@Wharton

  tags: blockchain emerging-economies developing-countries india africa emerging-technologies

  • However, many laws in both developing and developed countries have not kept pace with digital advancements, and they continue to require paper-based documentation, preventing participants from taking full advantage of the technology,
  • “The challenge is not the technology; it’s the issues involved relating to implementation, organization and trust.
  • The panelists stressed that bitcoin merely happens to be one of blockchain’s earliest and most prominent applications, and that blockchain has a far greater potential lying in wait.
  • We are much more excited about the underlying blockchain technology and how it relates to transactions, especially, than we are about cryptocurrencies.
  • India is a frontrunner among emerging economies in embracing the blockchain
  • managing land ownership records
  • allows for the tracking of all state level financial services on one platform and prevents corruption once records are entered.
  • The project we are implementing allows you to track land ownership history over time, and do verified land titling registration with background checks on who paid [the property] taxes.
  • In supply chains, Mumbai and Visakhapatnam ports are using the blockchain to create tamper-proof methods that track incoming shipments and shippers
  • “Don’t start with what you need to tweak for blockchain. Start with what you need to allow entrepreneurs to innovate.”
  • Gupta had some advice for aspiring entrepreneurs and users in the blockchain space. “Don’t use blockchain when you don’t need it,”
  • Businesses considering using blockchain need to recognize that the technology is still in its early stages.
  • There are still very basic questions about the scalability of these networks that are going to take time to unfold,

Posted from Diigo. The rest of my favorite links are here.