What is an Initial Coin Offering (ICO)?

bitcoin cryptocurrency ico initial coin offering

Just as blockchain, the technology that underlies bitcoin and other cryptocurrencies, continues to show potential in transforming many industries, it is also showing its potential in the crowdfunding and investment domain.

Initial Coin Offering (ICO) has become a popular way to raise funds for projects that are based on blockchain and cryptocurrencies. An ICO is a cryptocoin crowdsale, where a blockchain-based project allows enthusiasts and supporters to invest in the project by purchasing part of its cryptocurrency tokens in advance. ICOs usually take place in the early phases of a project, and the raised funds are then used to pay development and launch expenses. Continue reading

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How blockchain and energy monitors will create the decentralized, renewable energy grid

Solar panels, renewable energy

By Stefan Grosjean, Smappee

There’s a lot of talk about using renewable and green energy sources, but the sheer amount of energy required to overcome the volatility and management hurdles have slowed down its mainstream implementation.

Fortunately, this is something that can be overcome with the use of revolutionary technologies such as Internet of Things, blockchain and artificial intelligence. Continue reading

How insecurity is damaging the IoT industry

internet of things

The Internet of Things (IoT) is often hyped as the next industrial revolution—and it’s not an overstatement. Its use cases are still being discovered and it has the potential to change life and business as we know it today. But as much as IoT is disruptive, it can also be destructive, and never has this reality been felt as we’re feeling it today. Continue reading

The blockchain’s potential for revolutionizing the supply chain

Supply chain

At the time of its invention, the supply chain was an ingenious idea, made to streamline and facilitate the journey of raw goods as they made their way from their source to factories and ateliers, were turned into products and consumables, and were finally shipped to retailers and consumers.

But that was more than a century ago, before our economies became as globalized and fragmented as they are now. Continue reading

What is blockchain?

blockchain-logo

Blockchain is a term you see fairly much when browsing tech—and non-tech—sites these days. It is widely known as the technology that constitutes the infrastructure of Bitcoin (what’s bitcoin BTW?), a mysterious cryptocurrency created by a mysterious scientist in 2009. Some even confuse it as a synonym for bitcoin. But the reality is that blockchain is a disruptive technology that has the potential to transform a wide variety of business processes. Continue reading

The benefits and challenges of using blockchain in IoT development

Credit: Shutterstock

Credit: Shutterstock

The huge benefit that the Internet of Things (IoT) brings to different industries and domains is driving its growth and adoption at an unrelenting pace. Soon billions of connected devices will be spread across smart homes and cities, harvesting data, sending it to huge repositories for analysis and processing, and carrying out commands sent from smart apps and machine-learning-based systems.

While larger numbers of smart devices will unlock bigger opportunities for efficiency, energy and cost saving and revenue increase, they’ll also trail along some serious challenges and difficulties, some which are notably not addressable with current technological and communication infrastructure. Continue reading