Blockchain Technology: What It Is, How It Works, and Why the Corporate World Finds It So Irresistible

Interconnected network in the cyberspace

Source: Pixabay.com

If you haven’t heard the words “blockchain”, “blockchain technology”, and “distributed ledger technology” (DLT), you must have been living under a rock for the past few years.

But most likely you have heard them repeated over and over again, touted as the greatest thing since sliced bread and the solution to all global woes.

Blockchain could do everything—create money, manage assets, transfer money, track the movement of bananas from the small farm in Ecuador to the supermarket, thus ensuring you are eating fair trade bananas, help you rent a car, manage the smart appliances in your home, offer solutions for personal identification and so on, and so forth. 

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Should You Trust Market Crash Forecasts?

Picture of person holding an umbrella over lightning-lit sky.

Source: Pixabay.com | Photographer: Geralt

Record-low interest rates in the past decade. Surging debts on a global scale. Escalating trade tensions between leading economic powers. Extremely volatile currencies. 

These are all troublesome signals that immediately raise red flags in everyone’s minds about an impending financial crisis. And rightfully so since, if history has taught us anything, it’s that markets go through repeated economic cycles of expansion and contraction.

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