Making Money with Blockchain

Making Money with Blockchain

Blockchain technology has been one of the hottest trends in the finance sector, with the potential to completely transform business models in a number of sectors. Blockchain works similarly to a massive digital ledger/spreadsheet, which is shared by all the members of a decentralized network. While blockchain technology is most frequently associated with confirming Bitcoin payments, it has evolved into a complete technology platform based on adapting decentralized ledgers for operations. 

So, how does one make money with this new technology platform? 

Just as many investors have taken advantage of the opportunity to stockpile gold in anticipation of the rising price, other investors are taking advantage of the opportunity to stockpile Bitcoin and a variety of other coins. 

The transparency and security of blockchain technology makes it attractive for use in a variety of different cases far beyond cryptocurrencies. It can be used in everything from stock trading to ride-sharing to data security. 

As we move to the mainstream corporations, global entities continue to embrace the technology underlying bitcoin but that many blockchain projects have moved beyond the theoretical or testing phase, to producing real transactions, costs savings and other benefits. There are multiple opportunities that leverage the core underlying technology platform, the digital currency and the significant productivity and process improvements that are resulting from it. Investing in these companies is likely to produce solid long-term gains. 

The improvements in speed and security could be revolutionary as transaction times and trade costs decrease. You could even use blockchain to track property ownership in less developed nations and prevent concert or sports ticket counterfeiting right here in the United States. 

Specifically, there are the companies that make chips and hardware for crypto mining. There are publicly traded companies that engage in actual cryptocurrency mining. Miners are rewarded with crypto for performing this service and can then sell it on the open market for profit. The gains are then passed on to shareholders. 

Blockchain is based on a decentralized network. As a result, cloud-based technology companies are in an ideal position to take advantage of the growth of blockchain. Cloud-based companies that provide blockchain services will be a strong bet for growth down the road. 

Blockchain is poised to disrupt the payment processing industry. It could cut out middlemen – companies like Visa, Mastercard & AmEx – by processing transactions more efficiently. Look for the older players to either take advantage of blockchain and adapt – or find themselves in big trouble.

There are even penny stocks for cryptocurrency. While Bitcoin is definitely the most well-known digital currency, there are a variety of specialty coins that have emerged over the last 10 years. In addition to investing in coins, there are a number of young companies that are investing in Blockchain and are listed on the junior exchanges. These companies offer exciting opportunities for growth to investors. 

Crowdfunding, Angel funding, and investing in startups is certainly not new concept. There has been a tremendous amount of interest in investing in startups built on blockchain technology. As Bitcoin has become increasingly popular and accepted by more mainstream businesses, the number of entrepreneurs interested in experimenting with the technology behind the cryptocurrency has skyrocketed. Yet, as is the case with any other new venture, such startups need funding. 

Blockchain technology’s cost and speed efficiencies, along with its transparency and security, will likely lead many companies to adopt the technology. Getting in on blockchain stocks now is a great way to be on the ground floor when the technology really takes off. 

TraQiQ has begun the process of moving the core platform for supply chain to Blockchain. As the company moves to leverage the power of transactions on this platform, it is likely that the Digital Currency component will play a significant role in fulfilling these transactions. 

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TraQiQ, Inc. is a Global Technology company with a suite of products designed to identify customers, facilitate payments, and fulfill transactions.

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Will Blockchain Fail?

Will Blockchain Fail?

Blockchain technology, like other innovative breakthroughs, is continuing to undergo a prototyping, testing and adoption phase. Aside from the attention that Blockchain and Bitcoin have received in recent years, the technology platform offers the potential for radical innovation and solving truly complex global problems. 

Blockchain gained significant momentum as a technology solution for decentralized and democratized transactions. IDC suggests that Blockchain spending will grow to #12.4 billion in 2022. The technology is clearly maturing, and a lot of real-world applications are in production, including at companies like Uber. 

There are also tremendous opportunities in the world of real estate. In cities like Paris and Manhattan, where condos cost several million dollars, there are tokenization projects that run into the hundreds of millions of dollars. This allows someone with a few dollars to own a small piece of Manhattan. This has implications for the entire asset management industry. 

So, why would blockchain fail? 

Blockchain projects are not really failing. Progress is slower than many other technological innovations. There is a significant lack of technical training. There are also issues with the general lack of cyber hygiene. 

In most technology organizations, a successful Blockchain deployment needs substantial change in the legacy systems. The classic architecture models won’t necessarily work. The way Blockchain succeeds is in redefining some of the relationships between the stakeholders. This lack of vision and understanding plagues many blockchain projects. 

For this, a clear organizational vision and deep technical and strategic understanding of where blockchain is fit for purpose can go a long way. 

The billions lost in cryptocurrency due to deliberate, inadvertent or fraudulent loss of private keys is another example of this problem. 

For now, Blockchain needs to move to the background. As the shine wears off, it is likely that the true power of the platform will emerge. We will see path-breaking and disruptive use cases – most that have not been created yet. They will need to plug into or bring along the legacy systems, especially in larger companies where there is a significant investment in legacy systems. 

TraQiQ has begun the process of moving the core platform for supply chain to Blockchain. As the company moves to leverage the power of transactions on this platform, it is likely that the Digital Currency component will play a significant role in fulfilling these transactions. 

Blockchain: Foundation for the Future

Blockchain: Foundation for the Future

Is it possible to connect 8 billion people across the world and enable them to do 1:1 transaction in a scalable, secure and convenient way? 

Well, yes… in due course. 

We live in a world of small transactions. We get a car via Uber. We rent a room or an apartment via Airbnb. However, if you really think about it, the transaction is between 2 individuals – one who needs a car and one who has a car. 

Big economy companies like Uber and Airbnb have heralded a new era of transactions and commerce. The current generation of users lead a slightly different life than the previous generation – they ride with Uber, pay with Venmo, and have food delivered by Grubhub. If you really think about all these small transactions that they are conducting, a few thoughts come to mind – 

So, why do we need companies to facilitate these transactions? Do they really deserve 30-40% of the transaction value? 

Visa and Mastercard have earned billions of dollars by taking a small percentage of transaction value for decades. 

Exploring Blockchain provides some key answers. 

There is a maturation process for Blockchain. There are issues…. 

As technology matures and there is widespread adoption, there will be tremendous growth, as everyone on the planet becomes a node and transacts with other nodes. There will be contracts, payments and relationships. Why does a user need to rely on AmEx membership points? Why not use the Blockchain model to build a model for loyalty points? 

So, will companies like Airbnb and Uber go away? No, they play a vital role in our ecosystem. They help facilitate the transaction. They recruit drivers and homeowners, certify them and make sure that suitable security elements are in place. They also have technology that works globally. They will stay – however, as individuals start acting as Blockchain nodes, it is likely that they will not want to pay that 30+% for these facilitators. Perhaps a one-time charge of a few hundred to get certified.

Blockchain offers us a lot of potentials – starting with decentralized apps. We have seen innovative solutions in 1:1 transactions in the supply chain. However, Blockchains are limited in their ability to scale today. But there is a tremendous amount of innovation that we are yet to see. 

TraQiQ has begun the process of moving the core platform for supply chain to Blockchain. As the company moves to leverage the power of transactions on this platform, it is likely that the Digital Currency component will play a significant role in fulfilling these transactions. 

Learning Management Systems in the Corporate Environment

Learning Management Systems in the Corporate Environment

Free vs subscription, local vs cloud, sync or async, regular or flipped classrooms, social or not – there are certainly a lot of elements to consider when establishing a corporate learning environment. Employers are investing thousands of dollars when an employee goes into a training program. It is critical that the employee time and LMS investment result in the optimal ROI. 

So, here are some critical components to consider in the corporate world. 

A lot has been written about Academic vs Corporate LMS tools. While it does not matter what tools are used, it is critical to get a tool that meets the employer’s requirements and drives the desired results. 

The next level of conversation is about the person who is running an LMS. Historically, larger companies have tiers of training programs run by dozens of administrators, trainers, and consultants. How about a small company with 20, 50, or 100 employees? Don’t they need training and skills? This is an area where there are a lot of opportunities. Being able to offer a user-friendly, easily customizable tool, perhaps a template based has a lot of potential in the market. Typically, the Owner of the company would run it, therefore, it has to take minimal time but allow for effective training. 

We are moving towards a world of dynamic content (audio/video/text) mashups that interact with a user based on their capability. 

TraQiQ offers an excellent set of tools in the TraQLearn product suite. It enables both academic and corporate users to build, maintain and grow their education programs. 

Learning Management Systems: What Makes one Better than the other?

Learning Management Systems: What Makes one Better than the other?

The global learning management system Market is expected to grow from $ 5 billion in 2016 to $ 18.4 billion by 2025 at a CAGR of 15.52% between 2017 and 2025. 

There is a gigantic shift in K-12 and higher education structures with the introduction of Learning Management systems (LMS). LMS’ facilitate building and running programs. They also provide tools for content authoring. Most importantly, they provide targeted learning to students that enables them to learn at their own pace. 

However, how does one pick a suitable LMS? Every stakeholder is looking to be more efficient and productive. 

The Administrative staff need to be able to build and run program(s). This could be for one class or hundreds of classes that lead to a degree program – with hundreds of students. In the corporate environment, it is likely to be a smaller set of students who are learning together or at their own pace. It is likely they will need rich interactive content. There are going to be billing modules, integration (with other software) considerations and program/access controls. There is likely to be a whole area of security features. 

Teachers are likely to need rich content authoring tools. It is critical for them to have multi-media and multi-channel delivery systems including audio and video. There is a plethora of publicly available content. Platforms like Khan academy and YouTube come to mind. These must be included. Teachers will also be looking for collaboration and social tools to facilitate interaction within the community. They will be looking for AI/ML tools that will help them in teaching. These tools will help in targeted and/or remedial learning. Lastly, there have eb be effective tools for grading and facilitating feedback. Advanced LMS tools will also pay attention to the professional needs of the teachers. 

Students will be looking for the best environment to learn. There is an admin element to joining a program or a class. There are lots of processes and workflow elements – including paper and online books, communication tools, taking notes, and sharing thoughts and ideas. Ultimately the best outcome for a student is for them to be able to get deep interactive learning supported by grades from an independent authority. 

Parents of students (in the academic world) and Supervisors of students (in the corporate world) are likely to be the ones that are paying. They are going to be looking for transparency and access to the education process. Grades, reasonable fees and effective remediation tools are likely to be important. 

TraQiQ offers an excellent set of tools in the TraQLearn product suite. It enables both academic and corporate users to build, maintain and grow their education programs. 

Learning Management Systems: Where are we Headed?

Learning Management Systems: Where are we Headed?

The Covid-19 pandemic brought the world of eLearning or online learning into sharp focus. Online tools and platforms from Khan academy to Ted talks have shaped schools and corporate learning. 

There has been a tremendous rush towards figuring out the appropriate set of tools. Even core collaboration tools like Slack and Microsoft Teams have seen significant use. Video conferencing has moved from the world of corporate meetings to everyday education. Students are getting lessons, sharing screens and learning new stuff together – all sitting at home. 

It is quite normal for a Learning Management System (LMS) to have a set of features for Program administration, managing classes & teachers, content management and student tracking. There are interesting differentiators. Some programs allow teachers to focus on remedial learning. Identifying & assisting slow and fast learners with unique tools and content defined for them. 

More advanced systems provide analytics and algorithms to automate recommendations for students and content. This is an area where AI/ML can help. By understanding the learning patterns of a specific student, an advanced LMS can help in picking the right content to get them to their targeted skill level. These automated recommendations can put a lot of pressure on a teacher. In addition, an effective system enables the students to make rapid progress. Certain forms of education are based on repetitive activities of a similar sort. This is another area where an “Intelligent” LMS can offer interactive learning to build and solidify specific skills. 

LMS systems provide a level of monitoring, control and results that are hard in the manual universe. Individual attention, technical advancement and cloud-based systems have enabled tremendous growth in this segment. One might even say that they are an essential part of any education program – academic or corporate. 

TraQiQ offers an excellent set of tools in the TraQLearn product suite. It enables both academic and corporate users to build, maintain and grow their education programs.