Analyzing The Current State Of Blockchain

Analyzing The Current State Of Blockchain

Blockchain technology has revolutionized the way businesses consider managing their digital assets. The increasing use of blockchain in various industries has made it a must-have for any business.

Global spending for blockchain solutions is expected to reach $17.9 billion in 2024. Currently, the biggest use of blockchain is seen in the financial industry for securing international payments. It also makes the transfer process more transparent and faster.?

Most business industries anticipate increased revenue streams from the adoption of blockchain technology. According to the Deloitte Global Blockchain Survey 2021, 80% of respondents across different industries expected positive growth because of blockchain.?

The fastest adoption rate has been in the banking sector, then comes telecommunications and manufacturing. Supply Chain departments in various industries are also adopting this technology because of the improved tracking and traceability provided by blockchain technology.?

Other industries adopting this technology include the global organizations which need intercompany settlements and clearances. Blockchain provides a boost in making the auditing process easier for the organization.?

Now the blockchain can become the mainstream solution after all the initial hype around it and the practical solutions provided by this technology will increase its rate of adoption even more.?

Free Course: Blockchain For Non-Techies

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This course will teach you all about blockchain, including its history, how it works, and what industries can benefit from its use. You’ll also learn about some of the most popular blockchain applications, including Bitcoin and Ethereum.

The course is designed for those who are not techies and want to learn more about the blockchain. The course will cover the following topics:

  • What is Blockchain?
  • How does Blockchain work?
  • Why should I care about Blockchain?
  • What are the potential applications of blockchain technology?
  • How do I get started with blockchain?

The course will be taught by a world leading expert on the subject.

You can register here.

After the Bell Event: Blockchain, DeFi, NFTs, Metaverse

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Recently, our CEO Dr. Stylianos Kampakis had the opportunity to participate in a great event organised by the?Mankoff Company?and?Stacey Mankoff.?

In the event Dr. Kampakis joined other leaders in the space of blockchain and and discuss topics such as the future of?NFTs, what impact is regulation going to have on?DeFi, and what is the current state of?blockchain?adoption.

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You can read more on their discussions here.

The JBBA New Edition is Out!

New issue of the journal of the?The British Blockchain Association ??! Delighted that our CEO Dr. Stylianos Kampakis work on valuating NFTs is featured!?

It's clear that as the NFT industry is maturing, NFTs will be seen as an alternative investment. Valuation models will improve and become even more relevant.

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How can you value NFTs? Lessons from applying data science on cryptopunks

As mentioned above, NFTs are a hot topic in the blockchain space, with applications in various industries from art to gaming, and the?metaverse. NFTs have become a huge market with market capitalization reaching?$40billion in January 2022.

Therefore, many investors have started treating them as a new kind of asses class.

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CryptoPunks?is one of the most popular NFT collections. Cryptopunks consist of pixelated faces of characters with random attributes.

You can read more on the lessons from applying data science on cryptopunks here.

Also, make sure to join our?meetup on AI creativity, NFTs, and blockchain!

As always, feel free to?get in touch?if you have any questions or comments. You can also check out our upcoming events here.

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