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Non-fiat currencies moderated and balanced by the crowd in a distributed, decentralized and publicly-known manner. Often referred to as digital currencies or cryptocurrencies.
Crowdsourcing Week’s Theme of 2022 I believe 2022 will be a pivotal year for how we live and work, and for many aspects of the crowd economy. Decentralization and deglobalization deliver a more even distribution of power in society, and it’s our theme in 2022. There...
DAOs, Decentralized Autonomous Organizations, provide a flat, secure and democratic structure for people to collaborate towards agreed aims. Think of them as computer-driven businesses without fatcat bosses, where the aims and codes of conduct are embedded in...
Bitcoin’s halving, its third, on May 11 2020 put it back in the news - as if it’s ever far away - and means Bitcoin miners now receive 6.25 bitcoins. We decided to use this event as an opportunity to remind ourselves of the fundamental tenets of this cryptocurrency...
The global threat of COVID-19 has crippled the travel and tourism industries, tested the world’s capacity to respond to massive and rapidly growing healthcare challenges, and forced many other industries to adapt to the times lest they sink under the weight of “the...
Cryptocurrencies are massively disrupting the financial sector. This time last year we witnessed something amazing for the first time in history: people became aware of cryptocurrencies at large and started actively buying them, resulting in massive price jumps in...
Blockchain and other distributed ledger technologies provide a revolutionary way of creating, maintaining, and securing decentralized networks. The emergence of these networks has enabled a whole range of decentralized applications; applications that threaten to...
You can’t look in the news today without some Bitcoin enthusiast or some dumbfounded reporter trying to make sense of cryptocurrencies. It’s seemingly replaced Game of Thrones as the subject of every coffee shop conversation, yet very few actually understand the...
While the tech world has its eyes set on ICOs - the funding frenzy of 2017 - an often overlooked currency seems to be shaping the way forward for tech giants. Trust is the most important currency and shouldn’t be ignored by individuals and organizations. Early in...
“Crowdfunding is the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet. Crowdfunding is a form of crowdsourcing and of alternative finance.” Source: Wikipedia.There are four main...
[INFOGRAPHIC – UPDATED JANUARY 2018] Bitcoin is a virtual currency that uses Blockchain technology for secure payments and storing money electronically, without requiring a bank or a person’s name. Satoshi Nakamoto created this cryptocurrency back in 2009. The biggest...
In the 10 years since the iPhone was introduced the computer and video gaming industry has been shifting from stand-alone offline platforms (consoles and PCs) to a $multi-billion online industry with a host of new benefits and possibilities. Mass direct connectivity...
Whilst Morgan Stanley is heavily interested in blockchain technology, analysts at the investment bank are worried by how Bitcoin is extremely dependent on the governments’ acceptance and regulation for further growth. This was revealed even after the cryptocurrency...
Artificial Intelligence is no longer the future, it’s the present and increasing at a phenomenal rate driven by explosive growth of big data, inexpensive computing power and storage, and advanced algorithms like machine learning that enable accurate predictions to be...
Bitcoin trading can be complicated and confusing for beginners. There are so many considerations, options, and dangers that lots of people give up before they even start. Luckily, it looks like the days of the bitcoin wild-west are behind us. Every year,...
"Blockchain has become the financial markets’ biggest buzzword as banks seek modern ways to resolve old problems. But the technology is overshadowed by questions about how it can be made both secure and fast enough for large financial institutions." These are the...
In July 2016 US President Barack Obama announced plans to bring more solar energy to American homes, with a focus on a 10-times increase on the alternative energy for low- and moderate-income households. "Today we're offering even more families and communities the...
Bitcoin’s own website says “Bitcoin allows exciting uses that could not be covered by any previous payment system.” That’s certainly coming true, it is now often associated with cyber-criminals and drug dealers, and to be honest that association isn't entirely...
I wrote my first post about the DAO heist expecting it to be the end of the story. If it were a film, it would end with the successful hard fork, defeat for the attacker and our heroes triumphantly setting the blockchain back to normal. However, the story didn't end...
This was not a drill. A week before the Brexit panic, panic gripped users and developers of the Ethereum blockchain when flagship application "The Dao" came under attack. The Dao is an example of a DAO: Decentralised Autonomous Organisation, a business whose rules are...
A $50m hack sent the value of digital currency Ethereum tumbling yesterday (June 17) from around $21 to below $15, reported Business Insider in Singapore in response to Ethereum's own blog post release. The money is currently currently sitting in a locked fund and...
In my last blog post, I talked about how disruptors are getting disrupted and elimination of the business ‘middle man.’ Today I want to look back at the first wave of the Crowd Economy and the impact it has made since its birth at the height of the last recession. But...
Crowdsourcing isn’t a buzzword, neither is the sharing economy, crowdfunding, blockchain or collaborative economy—they're already part of our lives. The cumulative disruption of these crowd-powered paradigms will have a significant influence on sectors worldwide. The...
In a lengthy and compelling Medium post, Mike Hearn, a prominent Bitcoin developer and one of the pioneers in the cryptocurrencies industry, publicly declared that Bitcoin “has failed." He deliberately cited technical and people problems, summing up his major public...
“This campaign is by the people, for the people,” Thom Feeney writes, explaining his reason why he set up the Greek bailout crowdfund. Feeney, as we know him, is the Briton behind this idea. His story has gone viral for the past weeks in the intersections of Europe,...