Many say that blockchain mass adoption has already started. And there is no shortage of articles which claim that blockchain will disrupt how commerce is conducted in the future and how blockchain will eliminate the middleman. Futurists also write that blcockchain will reshape how business organizations are structured and even replace humans in organizational functions.   No question that blockchain is a new and exciting technology which holds the potential to revolutionize our future. Like all other major technologies that were introduced during the past few decades such as the internet, personal computers, mobile phones, they all introduced lasting and […]

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The recent lockout in the Canadian cryptocurrency exchange QuadrigaCX, should raise the question about how safe is data in blockchain? It is known that fundamentally individual wallets and accounts held in public blockchain are safe from hackers. One of the key reasons private data is safe is because it is protected by private key. This key is only known to the account or the digital wallet owner. What happens when the same type of private key also protects accounts that include public investors as is the case with QuadrigaCX exchange? In the scenario that is unfolding in QuadrigaCX case, when […]

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Declining cryptocurrency valuations will drive more blockchain startups to failure unless these companies restart their startups. As of November 28, 2018 and according to CoinMarketCap, there were 2074 cryptocurrencies and behind each crypto coin is a blockchain startup company. This number isn’t growing as fast as it did in first half of 2018 and there are good reasons for this. Based on our earlier analysis of nearly 2000 blockchain startups, we found that nearly all startups focused on pure technology solution. They are building a piece of blockchain technology with no clear business focus. As we shared in our earlier […]

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Blockchain Revolution Landscape Assessment “What Is” – Part 1 of 3 Today blockchain promises to become the 21 st century technology that will revolutionize how we do business in the future. Future thinkers like Dan Tapscott of Blockchain Research Institute share a very exciting vision on how blockchain will revolutionize our businesses landscape and even how organizations are structured in the future.  BenchMrkPro business experts also agree that blockchain technology holds great potential to change the way business commerce is conducted in the next few decades. Blockchain is not the first revolutionary technology that changed how we communicate and conduct […]

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The old saying that the chain is as strong as its weakest link applies to blockchain technology projects today. After analyzing over 2,700 blockchain projects, we found their weakest link. Majority of projects we looked at have no practical business focus and have made no contacts with target users.  They are simply engaged in another experimental blockchain project. Blockchain vertical analysis – Many blockchain experts promote blockchain as the disruptive technology that will revolutionize how commerce is conducted in the future. Financial systems are targeted as the first to be impacted by blockchain solutions. With this in mind, BenchMrkPro chose […]

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