Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
OR
Please fill out the required fields Please fill out the required fields Please fill out the required fields
Get Into Cryptocurrency Trading Today
Nearly every reluctant people towards cryptocurrencies failed to deny the potential of blockchains. The way it works can be exploited in order to gain various type of benefits, in the world of finance, but not only. The Calastone global funds network recently published the results of researches it conducted on the blockchain technology, and shown how it could be used by global mutual funds to save up to $2.6 Billion.
Blockchain has been introduced to the world as the backbone of cryptocurrencies, and it makes it possible for transactions to be done quickly and safely. It doesn’t requires anyone to have control over it in order for the blockchain to fully work; also, more and more financial institutions plan to implement it to their system. It has many interesting features, such as the possibility to allow an efficient circulation of data on a specified network.
It mainly allow to save money, as some steps that were done by human beings can be delegated to the blockchain. Making a transaction through a blockchain is a very simple operation: the sender and the receiver specify the data related to the exchange, and a third party verifies these data. Once they’re proven to be exact, the transaction is validated and the money is sent. Above that all, such operation can happen in a matter of seconds, depending on the level of performance of the blockchain.
Calastone is one of the pioneers in the finance world who decided to digitize their system, and recently claimed the benefits they acquired from such action. So far, the global funds market was able to save £458 million, thanks to this technology, and more is to be expected in the future. Every requirement related to cost-effectiveness, regulation needs and others are efficiently met by this technology.
This British mutual fund isn’t the only one who can benefit from the blockchain; if other mutual funds in the world decide to implement this technology into their system, Calastone estimates up to $2.6 billion of saved money on the 2019 milestone, which is a lot of money.
Even if several people in the financial world doesn’t expect a bright future for cryptocurrencies, most of them are praising the blockchain technology. In a conference that took place in Florida, the term “sociological innovation” was used to define the blockchain, as it could bring a lot of benefits to our society, and not only on its financial side.
The blockchain doesn’t just help save money: it also help to generate some, and through many means. The Ethereum is actually one of the most promising blockchains there is, as it can host more than mere cryptocurrencies transactions. Engineers are working on ways to efficiently make it possible for videos to be streamed on the blockchain, as well as ways to host complex applications in there, which is still a hard task to do at the moment.
Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
ALL
TRENDING
WATCHLIST
Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
{[{ marketcap }]} {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H) {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H)
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Cardano Vs. Ethereum- Predictions for 2022
KuCoin Review: Everything You Need To Know.
Latest Phantom Wallet General Review
Walletinvestor 2022 General Review
NOSHIT Price Prediction - NSH/USD Forecast
JustBit Casino Review
JustBit Casino, which specializes in virtual currencies, is easy to use because withdrawals are expl...
Huobi Token General Overview
Is Ripple The Cryptocurrency of 2021? - In Depth Review of Ripple XRP
Ethereum Classic Review
Monero General Overview
Bithumb
Understanding Bithumb This article highlights what is Bithumb and where it is located. It also di...
Bitstamp
Bitstamp's continued success in the crypto market This article highlights what Bitstamp is. I...
Bitfinex
Bitfinex general overview delves deep into its operations since its inception in 2012 up to date. It...
FTXUS
Introduction to the FTXUS Trading Platform FTXUS is a type of cryptocurrency derivatives exchange...
Gate IO
With Cryptocurrencies becoming a big thing in the financial world and more coming up daily, Gate.io ...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Cryptopay.me
Updated, Apr 04, 2020 Cryptopay is a revolution for Bitcoin users. This platform offers its custo...
Mycelium
MyCelium is an application for Mobile that offers many possibilities of security and confidentiality...
With the help of Blockchains, up to $2.6 Billion could be saved
Nearly every reluctant people towards cryptocurrencies failed to deny the potential of...
Are Penny Coins Worth It?
Lately, there’s been a lot of talk about the cryptocurrenciesin circulation and value of the...
Which bitcoin exchange is safest?
Over the years, the cryptocurrency market has gained global traction from many investors....
Trading Cryptos vs. Owning Cryptos
Cryptocurrency has become a massive phenomenon in the financial industry, and as someone...
Does Bitcoin’s Value Really Matter?
According to its creators, Bitcoin’s growth, as an entity and in terms of its value was a c...
Are we going towards a definitive ban on cryptocurrency trading in India?
Following the decision of the Reserve Bank of India (RBI) to ban cryptographic banking services,...
Is Algorand a good investment?
Algorand is one of the newly listed altcoins that shows a lot of potential in the crypto market....
What are the top 10 Altcoins?
Contrary to popular belief, bitcoin is not the only cryptocurrency. New cryptos have been...
VeChain and Mastercard Back Australia-China Supply Chain
VeChain and Mastercard show support for the Asia Pacific Provenance project. The council has...
Overview of the Price of Dogecoin - All You Need to Know About it!
Dogecoin (DOGE) is, according to its official website, a decentralised and "open-source...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Cryptopay.me
Updated, Apr 04, 2020 Cryptopay is a revolution for Bitcoin users. This platform offers its custo...
Mycelium
MyCelium is an application for Mobile that offers many possibilities of security and confidentiality...
COMMENTS (0)