On October 26, 2017, British On-Line PLC company changed its name to On-Line Blockchain PLC.
Blockchain revolution
The name change makes everything different. Through the name change, the company attracted a lot of investor attention, and its value increased by 394% overnight. Within 48 hours, the company's growth rate far exceeded the level of the past two years. This proves the meaning of the term "blockchain" for today's world. This is basically a revolutionary term.
A survey conducted by PricewaterhouseCoopers shows that the CEOs of most large companies are seriously studying how blockchain technology can help promote their business, and this is where the spread of digital assets lies. The subject of this survey is about 600 company executives, 84% of whom admit that their company likes blockchain very much.
What is blockchain?
In an interview with CNBC TV, Joe Duran said that blockchain technology has the ability to affect all aspects of modern society.
Joe Duran is the founder and CEO of United Capital. According to Joe, cryptocurrency is the future of money, which means that security and transaction integrity are improved. Such a system saves money and time—just like xRapid helps banks conduct cross-border transactions faster and cheaper.
In addition to the above advantages, blockchain technology also brings an era of transaction processing transparency, privacy, improved system security, and versatility that allows it to be deployed in various progressive use cases. These use cases may include the development of social changes, such as the use of blockchain technology to manage local transactions such as elections, healthcare, and leasing businesses, and automated communication systems such as email and call notifications. These are areas that affect society. According to data from the Harvard Business Review, blockchain is a technology that can lay the foundation for a better social and economic system.
Adopt blockchain
In fact, the government is already adopting blockchain technology. Venezuela has just launched its own national cryptocurrency, followed by India and Iran, and Russia is also considering the same issue. This is not to say that there are already many other blockchain-based products on the market that have been supported by governments. RippleNet is one of those blockchain-based products that changed the world.
According to Joe Duran, blockchain technology is moving towards large-scale popularization. It will become a widely used technology that can bring real changes to various institutions, business operations, and product development chains. Not a way for investors to earn millions of dollars. In any case, in the near future, everyone will see and feel its impact. In fact, if the latest development is realized, it means that this kind of future already exists.
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