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
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.
Exclusive Workshop:Â Blockchain for Business Processes with Dr. Marcel MĂĽller
(Multiple Dates Available)
Blockchain is a distributed ledger technology that is changing the world. It is a digital and decentralized system that records transactions and stores them in a public ledger. Blockchain provides an efficient way of storing data, with the ability to reduce or eliminate transaction fees and middlemen, as well as provide security for the information stored.
Unfortunately, it still largely remains an esoteric technology, that is not understood outside of technical circles.
In this workshop, we demystify the world of blockchain, explaining what are the amazing opportunities that it presents, and how businesses can benefit from it.
This workshop is designed by blockchain experts, for non-experts.
The workshop will be conducted by Dr. Marcel Müller, a German deep tech entrepreneur, researcher, and consultant. He holds a Ph.D. in Computer Science on engineering methods to create trust-aware business processes with distributed ledger technologies and authored more than a dozen peer-reviewed scientific publications. Marcel has worked on enterprise blockchain projects in supply chain management, energy, and finance and is the founder of KnowledgeX.
You can read about the workshop format and content as well as register here.
After the Bell Event: Blockchain, DeFi, NFTs, Metaverse
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.
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.
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.
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!
Other Interesting Posts From Around The Web:
Data Science, AI and Big Data:
- Data Analytics for Better Decision Making in the Workplace
- Python and R for data analytics: A tutorial with examples for aspiring data scientists
- Meta has built a massive new language AI—and it’s giving it away for free
- Modern data management, the hidden brain of AI
- Five-Project Series Anomaly Detection with Python
Blockchain, Tokenomics and Crypto:
- While Most Crypto Prices Went Down, Smart Money NFT Trades Were Up: Nansen Data
- Blockchain technology to power De Beers’ diamond production
- Podcast: Game theory, tokenomics and more with Noah Healy
- Podcast: Blockchain in real estate
As always, feel free to get in touch if you have any questions or comments. You can also check out our upcoming events here.