One of the easiest ways to explain blockchain to an amateur is simply to describe it as method of transferring assets in a trustless manner. However, this definition presupposes that the blockchain initiate in question understands exactly why trust is so necessary, and how it was enforced before blockchain came about. Basically, trust must be established to ensure that the correct party is making the transaction, and that their currency is real. In a person to person exchange—the sale of a...

Fintech adoption and revenue have grown quickly and consistently enough to inspire some hand-wringing by banks and on their behalf, and to prompt speculation not just about which company will be the next unicorn, but how finance will react, and how the fintech industry as a whole will develop. Media coverage seeking the next dominant power — a fintech version of Amazon — may miss an important trend underlying the fintech industry growth. Fintech companies have tended to succeed through...

Despite their soaring popularity in recent years, cryptocurrencies remain a novelty in the eyes of many consumers. Even as more companies exploit blockchain to build innovative and exciting solutions, the mainstream has remained largely on the sidelines. Nevertheless, blockchain-based companies continue to display their impressive potential, and larger enterprises have taken note. Many are even dipping their toes into the water. The financial industry was one of the first to embrace...

At the ripe age of almost 10 years old, cryptocurrency is mature enough not to be considered a passing fad any longer, yet the market is still susceptible to periods of frenzy as if it was an infant idea. Like most fads, groupthink is indisputably prevalent in cryptocurrency, and a primary driver of the unthinkable heights to which prices have climbed. Sudden declines are just as attributable to herding as spikes, but regardless of the price at any moment, volatility is a persistent and...

A business’s long-term success and momentum are ultimately derived from its customers’ satisfaction. No matter if a company is B2B or B2C, they must cultivate strong relationships that incentivize customers to come back repeatedly. For consumer-facing businesses especially, the experience should be the focal point of any interactions because a positive outcome, no matter if it results in a sale, will likely translate to a better reputation, stronger loyalty, and hopefully drive results with...