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archives
Blockchain and the General Data Protection Regulation (GDPR) Enactment
In April of 2016, the European Union replaced an earlier rule--the Data Protection Directive--with a newer, more comprehensive set of rules. This new document, which is called the General Data Protection Regulation (GDPR), goes live on 27 May 2018. You may be wondering why you should care. Anyone doing business with people who live in the European Union will need to meet the Data Privacy requirements of this legislation or receive hefty fines--€20M/$23.5M US or up to 4 percen
The Blockchain Transition | A Time of Discovery and Innovation
The possibilities of blockchain are growing daily. It seems as-fast-as humans can fathom one new use, another joins the party. Blockchain was originally designed for Bitcoin to be an incorruptible digital ledger, programmed to record financial transactions. As recently as 2015, The World Bank estimated that in the US alone, people transferred $430 billion. With blockchain technology, middlemen are being cut out of the picture while security is significantly increased. Finance
Blockchain Integration | Connected Device Meets Digital Transparency
The IoT meets blockchain The IoT will integrate into the blockchain, along with the highly beneficial feature of smart contracts, to improve our lives dramatically. Lantah’s vision is to make these possibilities a reality for you. Back when I started out in the business world, fragile electronic equipment was shipped in boxes that had an analog device attached to them. It looked much like the bubble tube you find in a leveler. If the box was exposed to a heavy impact, the tub
Blockchain Is a Distributed Digital Ledger
The reason blockchain is so powerful is that it is public. Everyone can access it at any time because it resides on the Internet. Further, blockchain assets are distributed across a vast, global ledger. When a transaction happens, it posts around the globe on millions of computers at once. That vast and far-flung record—which is time stamped every 10 minutes, produces a new block. For accounting purposes, each block produced captures all of the transactions regarding a good o
Cryptocurrency Alchemy | the Digital Value Transformation
Some of the big investor types are feeling the need to comment on the recent rise of Bitcoin. Billionaire investor Warren Buffett is one. “Bitcoin is bubble territory,” he claims of the market for this leading virtual currency. He has also issued a criticism of proposals for applying a value to the cryptocurrency. Based on a report by MarketWatch, Buffett presented his views on Bitcoin and the cryptocurrency market during an annual question-and-answer session in Omaha, Nebras
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