Blockchain technology, applications and crypto-markets
Alma Stana, Kristel Bozhiqi, Robert Kosova · 2018 UBT International Conference · 2018
Blockchain networks, applications and crypto-markets have only just started to impact the way we conduct business. There are too many people who had always wanted to invest and had the money to do so, but never had. Most of the world does not trade on exchange markets, many lacking the time to divide into its complexities, some put off by previously unsuccessful attempts, others lacking faith in the banking system. But the Internet opens new doors, and a revolution in AI technology has changed everything. Different from traditional currencies that use central goverment and banks as intermediary exist a business social network that connects directly corporate buyers and sellers with each other. Decentralization is the vital value followed by all cryptocurrencies that is rensposible for transaction ledger, transaction validation and create new Bitcoins. The aim of this study is the next generation Blockchain- based B2B payment network which is super light and fast, making it the first Blockchain on mobile. The process is made even more transparent through the use of smart contracts. The long- term aims are that it will open the global market to new business opportunities, revitalise sluggish economies and free up billions of money that are blocked by traditional payment methods. By guaranteeing user credibility and taking down the obstacles commonplace in international trade, Blockchain is changing the way companies do business, one connection at a time. Using cryptocurrency means you can avoid the complexities and costs of the traditional banking system.