Posts

Showing posts from September, 2017

BLOCKCHAIN CRYPTOCURRENCIES WILL KILL BANKS

Image
Blockchain is increasingly evolving and shaping the way things are being done in various facets of life. Talk about finance, education, legal, transportation, telecommunications, trade etc. Unfortunately it is another disruptive technology that is going to affect the way businesses are done. In fact it has already begun. I will take a look at how it will affect banking especially in the retail side for now. The main principle of blockchain technology is to securely record successful transactions on a general ledger seamlessly using cryptography. Another key area of blockchain is to make the transfer of value possible from one person to another in a secured network without the need for a third party verification or bank. What does this mean? It implies that, banks or clearing houses are going to be cut off in the transaction when it comes to movement of funds. Another area is the reduction of huge transaction fees that results in the movement of funds across

DUMP PAPERWORKS, EMBRACE BLOCKCHAIN!!!

Image
Embracing the transparent future Technology keeps rising each and every day and finally we have a solution to deal with numerous and piled paperwork that faces public sector offices in my Country, Ghana. It can be applied to other countries as well but I wish to use my country as a case study. I am not an investigative journalist or an Anas Aremeyaw Anas, but with the news items displayed on various platforms, I am moved to base my writing on my observation which I stand to be corrected. With more paperwork the trend of many offices, it gets very serious when some sensitive documents vital to the State are unable to be recollected or retrieved when needed.  We live in a country where some Leaders are able to thrash important state contract documents when leaving power or office. Contract terms are edited to suit parties when it is needed to aid in audits or reporting. Falsehood and lies are projected in the public domain and citizens are left with rumors, lies and al