Blockchain News

Cisco expects the 10-billion-dollar blockchain market in 2021 as 10% of world GDP in 2027

US-based Cisco, one of the world's largest technology companies, recently released a report highlighting the company's enterprise-oriented block chain platform. Cisco said the blockchain has the potential to hold up to 10 percent of world GDP. This means that by 2027, a few trillion dollars worth of value can be stored in both decentralized and allowed blocks.

Cisco Expected to Be $ 9 Billion in Blockchain Projects by 2021

While the crypto industry continues to experience fluctuations, the companies that are constantly fighting in the turbulent market and the block chaining technology continue to advance. The industry has been on the rise since its inception in 2008 and has penetrated every conceivable gap from supply chains to copyright management.

The latest report released by Cisco predicted a bright future for the blockchain, saying that technology could become the norm in several sectors over several years.

Cisco released its report to highlight the company's own block chain platform for businesses. According to the report, the main selling point of the solution is the potential of technology.

Source: Cisco Blockchain

Cisco has defined transparency as one of the main challenges that businesses face today, especially in global supply chains. A roughly predicted estimate showed that US-based semiconductor firms lost $ 7.5 billion each year due to fraud.

Another important concern for suppliers is the complexity of global trade. Multiple intermediaries, such as financial institutions and intermediaries, are urging suppliers in the emerging markets to pay interest on high-yields of up to 30%.

In Cisco's report:

”Blockchain-based technologies can provide a foundation for trust in enterprise through the digitization of business processes, identification of assets and coding of complex contracts“

said.

The company believes that these technologies can enable business ecosystems, both internal and external partners, to interact and interact securely without human intervention and to significantly simplify operations for large enterprises.

Cisco is talking about a January report from IDC, which foresees that the market for block chain spending by 2021 will increase to $ 9.7 billion per year.

Blockchain Will Bring New Business Value, Automate Trust and Improve Security

Cisco's research said such programmable trading would earn more than $ 3 trillion in new business value.

If the estimates made in the report were realized, almost 10 percent of the global gross domestic product (GDP) would be stored in the blockchain until 2027. But this does not mean that the crypto industry will see such a dramatic increase. it is claimed that most businesses and financial institutions shift the focus to more interoperable blocks.

Although the intention to support the existence of distributed local currencies, the blockchain seems to be spread over many other applications. As the Cisco report indicates, the technology's ability to isi automate trust dijital has made it attractive to most companies in digital commerce.

Because it effectively eliminates the need for a trusted third party, such as a bank or auditor to establish a reliable relationship, the blockchain will start to see more applications in any size enterprise.

In addition to creating cost-cutting solutions for businesses, the report found that blockchain could be used to optimize smart chains, supply chain solutions and the Internet of Things (IoT). The company said it is actively working with many ecosystem partners to develop lar standards and tools to achieve the full potential of block chaining technology in businesses Şirket.

Cisco emphasized its work with the Trusted IoT alliance, the Hyperledger project and the Enterprise Ethereum Alliance. The company also said it is a member of the Executive Board of the Digital Chamber of Commerce, where it is pioneering efforts to promote the acceptance of digital assets and block chain-based technologies.

While some skeptics may call their optimism very optimistic for the future of Cisco's blockchain, this is not the first time a major industry player has made such assumptions. In 2017, Deloitte made similar predictions. In the same year, the World Economic Forum predicted that block chain technology would support 10 per cent of global GDP, which is two years faster than Cisco predicted by 2025.

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph

Blockchain News

Visa Launches Global Cross-Border Payment Network for Some Aspects of Blockchain

Visa, Blockchain'in Bazı Yönlerine Yönelik Global Sınır Ötesi Ağı Başlattı

Visa, the US payment giant, has launched a cross-border payment network derived from some aspects of Blockchain technology.

“Visa B2B Connect” The network is designed to facilitate international exchanges by global financial institutions, enabling direct interbank payments between businesses.

Visa's Global Cross-Border Payment Network

According to the report, the network already includes 30 trade channels worldwide to enable faster and cheaper cross-border payments and is expected to expand to 90 markets by the end of 2019.

Visa B2B Connect includes elements of the open source distributed accounting technology (DLT) Hyperledger, which was developed in part by a group led by the Linux Foundation. blockchain technology.

Kevin Phalen, managing director of Visa Business Solutions, reported in particular that some aspects of blockchain technology are used because of the ability to transfer more data on a payment than any existing payment system.

The network is a collaboration with e-payment operator Bottomline Technologies and fintech, FIS, as well as collaboration with the world-class IBM. It was reported that Visa initially worked with a cryptographic notebook systems manufacturer to improve the product.

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Source: Cointelegraph

Blockchain News

What is Istanbul Blockchain School?

İstanbul Blockchain Okulu (Istanbul Blockchain School) Nedir?

A new step came from Turkey. After the rapidly increasing development in the area of Blockcha in Turkey in this race proves the continuity of Turkey's first Blockcha School project, which was announced the school's Blockcha Istanbul.

Sunday, May 30, 2019, the Capital Market Association of Turkey and Istanbul Development Agency in partnership combined with innovative and creative Istanbul Association of Financial Support Program launched under the Habitats Istanbul Blockchain School Project was launched.

In order to participate in these trainings for the developers, entrepreneurs, high school and university students living in Istanbul, as well as young technical professionals in the informatics and finance sector, on the website need to follow up announcements.

İstanbul Blockchain Okulu

Initiative is also home Inogen events that have occurred in Turkey Capital Market Association Secretary General Contact ilkay directly, Istanbul Development Agency Representative View Yasemin's Full Profile, Bahçeşehir University, Blockchain Research and Application Center Director Dr. Bora Erdamar, Habitat Association Chairman Sezai is ready and İstanbul Blockchain School Project Coordinator Ismail Metin She attended.

“We aim to close the education and human resources gap in the Blockchain area“

Istanbul Blockchain School İsmail Metin, Project Coordinator, said that they have implemented Blockchain School project in order to become a game maker in the field of technology.

We are opening a new breath to the Istanbul ecosystem.@istkaorgt is and supported by the @habitatderneg as @tspborgt is in partnership the @blockchainokul share our project with the public. We're excited, proud. pic.twitter.com/7be21xa8t to

- İsmail Metin (@ismaillmetin) May 30, 2019

Ismail Metin also has raising awareness about blockchain He added that they aim to train specialist software and added:

Uz We are aiming to bring Blockchain project, prototype and business models to various sectors in Istanbul, especially finance. In our target group there are developers, entrepreneurs, high school and university students in Istanbul and young technical staff in IT and finance sector in Istanbul. Hedef

“We aim to include this target group in our blockchain project. In our country, we aim to close the education and human resources gap in the blockchain field. Ül

Istanbul Blockchain School

Crypto coinsNowadays, it is used as a means of payment, explaining the text, continued as follows:

Iz After 10 years, we may have to tell the children that the coin was once used as a means of payment. The emergence of the Internet is called the technology revolution. İnternet

Iyor Blockchain technology is considered to be the second revolution in technology after the emergence of the Internet. Blockchain offers a completely open, free and accessible ecosystem. Blockchain is a technology that has the capacity to affect many areas of the world of finance as well as the state-citizen relationship, logistics, health, real estate, education. Block

Habitat Association of Information and Communication Technology Program Coordinator Ismail launch began with the presentation of the text, Habitat Association Chairman Sezai Ready, Turkey Capital Market Association General Secretary Ilkay Arikan and the Istanbul Development Agency Representative continued with Jasmine craving Mailoğlu opening speech.

Launch program, the Blockcha After the panel on technology, it ended. All details about the project will be announced in the coming days.

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