$UAMM Bottom is in. Blockchain and Crypto. Loading zone $0.0012-$0.0020

iETH Developers know ALL about it. Ask them.

Thanks for all of your insight and opinions. Obviously nobody knows anything about the iETH token.

Apple please make a public written statement regarding the token. Thanks.

Developers if you exist please say so. If you want to remain a satoshi or anonymous please say so as well.

My questions are very genuine.

1. Does ERC20 token stay viable on the blockchain as long as Ethereum exists? if so, imagine how valuable ERC20 tokens could be in 2-5 years not to mention 25 years.

2. What prevents a bank from adopting the ERC20 for transactions. If so iETH goes to the moon based on history of little selling how rare the token is.

3. What is up with the pending website iethereum.com?


i sincerely feel the first investor to buy 1 million tokens makes an absolute fortune. Keep in mind iETH did not do an ICO which is a good thing. Especially after what we saw with many fraudulent ICOs.

In my opinion iETH is very similar to bitcoin, in terms of structure and decentralized distribution. If BTC can go from 4 cents to 20,000$. I would think iETH can go from 4 cents to 5$ much more easily. Is anyone opposed to making 125x on investment. This is likely what can happen with iethereum token very soon in my humble opinion. The math all adds up. no surprised if it goes to 50 cents a token or higher in the next few months.

Please tell me why this will not happen. I am happy to consider other opinions. Thanks.

still waiting on Apple corporation to comment on iethereum (iETH token) interesting.... silence continues

Also was recently told that a business is looking to incorporate the accounting capability of the token for supply chain and purchasing of inventory. That business looks to make 250x on their investment according to simply supply demand economics. 100k investment by that business in my sincere opinion makes at least 200x based on historical buying and selling chart.

Looks like there has also been some major ongoing accumulation the last few weeks according to blockchain data.

PLEASE POST OPINIONS IF YOU HAVE ANY. ACTIONABLE INFORMATION REMAINS HARD TO FIND.

IF ANYONE KNOWS ABOUT ERC20 TOKENS AND IF THEY WILL STILL EXIST ON THE BLOCKCHAIN IN 30 YEARS PLEASE POST THAT OPINION AS WELL. MY UNDERSTANDING IS THEY EXIST INDEFINITELY AND THEREFORE NO BANKRUPTCY RISK WITH TOKENS.


please correct me if my understanding is wrong. trying to learn more from others is why i continue to post

THANKS.

Well, this shit-coin has down-trended for over 1-yr+

From over .08 down to approx .02...

Despite your oft-repeated "math and blockchain analysis" that keeps telling you it only has upside and no downside, it continues to trade lower and lower, despite the assertion that YOU "don't see any selling for months according to blockchain data"...

If there was "value" built-into it, like in coffee or soybeans futures, then maybe lower would be better as you scale-in and build a position.

But alt-coins & shit-coins that have failed to break into the top 10 coins for either realized utility or pure speculation continue to break the hearts and financial accounts of fan-boys and promoters. They fail to provide that "value" you claim exists.

500$ investment in iEthereum token (iETH)has 200x upside at least over the next 8-12 months, with almost no downside according to my math and blockchain analysis.

I don't see any selling for months according to blockchain data. significant buying at this point and holders make a mint it appears. in my opinion.


Please correct me if I am wrong but smart contracts remain on the ethereum blockchain and can't be changed or modified. Therefore iETH will still be around in 30 years correct? imagine how rare the 18,000,000 tokens will be in the next 20 years. vast majority of holders appear to be holding for over a year according to the recent blockchain data and lack of selling. I estimate less than 6 million tokens will ever trade again. Imaging the value on those tokens over the next 2 years not to mention 20 years.


This is my opinion. Once again please comment with your opinions.

Obviously a statement by Apple corp would help. Also an update from the developers would be helpful.


The first small business to incorporate this token into supply chain transactions alone likely makes 300x base on simple supply demand market economics. Once again this is my opinion and educated blockchain analysis. theoretically there is not limit to iETH. very similar structure to bitcoin when bitcoin was trading at 3 cents. 10$ iETH tokens is not unrealistic with the finite numbers of iETH tokens

Waiting to hear back from the investor group regarding establishing foundation for COVID relief.

I have looked at the blockchain on (iETH token iethereum) and it appears the upside as good as anything in the cryptocurrency world.

I am looking to buy 250,000 tokens as mentioned. It appears only about 4 million tokens or possibly much less in the trading float, the rest appear to be in holding wallets that are not selling. Therefore 5-7 investors each buy about 200,000 iethereum tokens or about 3k$ worth each and this token is off to the races and will easily run to 1$ or higher.

At the end of the day it is buyers vs sellers, demand vs supply that determines token price. Any wise small business at this stage could easily make a million bucks by diverting supply chain and inventory $ through the token prior to point of sale accounting.

Just my educated opinion of course, but I am confident I am correct.

Let's all make some money and do some good in the world. That combination is noble.

$NBDR Up 366% to $0.0560
Huge gains when one of the company's subsidiaries MediDent began offering Coronavirus home test kits to help combat the pandemic. NBDR (OTC: No Borders Inc.) also operate subsidiaries No Borders Naturals CBD line and CBDlabchain the world's one patent pending technology for storing lab test results on a blockchain... Definitely add to the watchlist

iethereum flood gates are about to open according to the blockchain analysis


the developers are way overdue for a statement


the iethereum.com website appears to be launching soon. I have no affiliation with developers or the website. FACT, FACT, FACT. In spite of others suggesting that I have any affiliation. Those suggesting this are lying, lying, lying.

My opinion on this token has remained the same for over a year.

One small group, bank, or community utilizes this token as a means of currency, purchasing, or bank transactions and the sky is the limit on token price.

The supply demand curve is poised for at least 75% returns in the next few weeks. Also, it has been very frustrating as the incognito developers have not posted in over 8 months.

Finally, something appears to be brewing behind the scene as holders continue to HODL.

One positive update and it would not surprise me if the token goes to 3$ likely much higher very quickly.

Once again this is my educated opinion based on the blockchain analysis.

Still waiting for Apple to comment as well. Apple denouncing centralized currency does not denounce decentralized currency

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No Borders Inc. (OTC: $NBDR) Launches CBD LabChain at Blockchain Expo 2019

https://www.otcmarkets.com/stock/NBDR/news/No-Borders-Inc-OTC-NBDR-Launches-CBD-LabChain-at-Blockchain-Expo-2019?id=247018

QUEEN CREEK, Ariz., Nov. 21, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – No Borders Inc. (OTC: NBDR) (the “Company”) today announces it has successfully developed and deployed a revolutionary blockchain platform for securely and immutably recording cannabinoid lab test data on its new public blockchain. Company CEO Joseph Snyder presented the platform at Blockchain Expo 2019, gaining immediate exposure to a wide audience of industry leaders and professionals. Watch the official launch video here:

buy blockcerts blockchain company coming public soon.

Apple has still not produced a public statement regarding iETH (iethereum token) statement after over 2 years.

Apple could do this simply with two sentences and have chosen not to.

I have a legitimate question as to why Apple has not produced a public statement.

Once again nobody has any information and Apple investor relations does not know that answer.

An official public statement from Apple is what would be helpful. I own Apple stock and expect Apple to

comment when a new technology has their logo outline.


Years ago when an ethereum wallet was on the Apple app store Apple commented within two days when it was found to be a fake wallet.

Therefore I believe because Apple has not made an official public statement it if very possible that iETH token could be and will be adopted slowly by Apple. Therefore, they may never comment. My logic tells me it is Apple's token until they actually deny it and deny decentralized currency. This is the only way Apple could ever launch a token in a global and decentralized way and would have to do so in secret.

Once again this is speculation but very plausible at this point. Software is also open source so Apple developers in conjunction with their cryptokit could continue to improve and expand on the token software etc.

you are obviously very frustrated,

All I know is that the best investment is when one invests against the consensus and is later proven correct. I guess we will have to agree to disagree and you sincerely need to relax.

The strategy once again is very simple. Does not appear holders are selling (iethereum token) iETH. It looks like the market cap is worth about 40 million currently based on chain analysis and ethereum blockchain value, not to mention the ethereum name and logo and Apple logo. It runs with zero cost, zero censorship, and will exist for 20 years on the blockchain therefore only thing holding it back from 5$ token is a small community of users. That is huge value. Much lesser platforms with market caps of 100 million currently so my 40 million market cap is likely closer to 100 million.

Curious why Apple still has not commented? on the token outline?

My strategy has been very simple buy 5k$ worth and hold. I will buy an additional 5k$ worth over the next few months and hold. Holders are voting on future value and apparently they are not selling therefore I will buy.


I am trying to offer an opinion, Okavango. Not sure why that is such a bad thing. I am not pumping and the develops have never pumped anything from day one apparently. They chose not to even correct typos on the website while updating other portions of the website

If the developers were trying to be frauds they are the worst frauds I have ever seen. Hard to be fraudulent when it was air dropped or given away. The way I see it is simple. Most fair launch in cryptocurrency history when compared to ICO process where the insiders of other tokens own a large percentage. That was never the case with iETH as far as I know.

I sincerely think you are missing an investment opportunity similar to bitcoin in 2010. The same reason iETH has such a huge upside is similar to bitcoin
nobody though bitcoin could be a 200 billion market cap. iETH could easily be a 100 million cap in my humble opinion. It is ok to post an opinion?

Relax Max. Nobody believes your shit-coin spam.

I've given you answers. I've led you to water, which you refuse to drink.

Good luck.

if iETH (iethereum) is not Apples token ..... Apple has not made a public statement that says so.

I am speaking fact, ovangko and you sound frustrated.


Im not sure why you do not admit that Apple has not denied the token or even spoken about the logo outline. Apple denied centralized currency. I have good reason to believe that are working on decentralized blockchain and could easily merge the iETH (iethereum token) with Apples new proprietary blockchain and it would make sense for Apple to launch in the way that iETH airdropped to avoid all the legal ramifications that the fraudulent ICOs ran into. My guess is you probably espouse IPOs and ICOs and think that is a wise investment. I am taking a paradigm shift and saying the airdrop is a much more fair, decentralized and better investment. Therefore, iETH is much ahead as did not ICO

I am simply looking for any valid facts from anybody that knows any facts regarding iETH
The most interesting question is simple once again. Why has Apple not denied any affiliation with iETH? it has been two years and their logo outline is on the token. Seems to me a 2 sentence public statement would be very easy to do. My point is Apple is not protecting their logo if it is in fact not Apple.



I have invested 7k into the token and will be more than enough whether it is Apple or not.


I sincerely believe that the token has a current fair value of 2-3$ minimum especially when it sends upwards of 50x faster than bitcoin and bitcoin is at 8k. It is a mirror image of bitcoin from 2010. And once again any small use case scenarios, small business could easily pick up a million tokens and use the token for cross boarder payments.

Once again you are responding to my question without any answers. Obviously you are frustrated at least based on your the tone of your responses. Just admit you don't know rather than pretending you already know the answer.

I would love to have posted in 2010 that bitcoin will yield a million percent return in 10 years. I can about imaging how you have responded to that notion. once again lighten up

Looks like iETH token fair value is at least $3.25 per token as soon as people realize it sends and confirms in about 11 seconds. my last Ethereum transaction took 2 days and did not send at all due to congestion. I have had iETH send and confirm as fast as 7 seconds. Bitcoin took over 7 minutes.
Any online store that adopts and accepts iETH token will make an absolute mint according to the supply and demand curve.

Also yobit seems to be suppressing volumes and arbitraging against their own clients. Therefore, anyone holding this token should remove it from yobit and move it to trade on mercatox or hold off the exchanges. When this token moves to 20 cents (it appears it will soon) it will go to 2$ shortly thereafter.
Number of holders appear to have gone from 1460 to 1535 recently. imagine how valuable it will be when it is being held by 3000 holders.

Developers and Apple corp now need to comment on the token. Take ownership.


Apple you own it until you take the initiative to say otherwise. You pride yourself in your logo. Therefore, you should comment on the iETH logo. very little to ask.

My theory is simple: Apple has not commented because it has been Apple's token all along. They also produced a poorly written white paper on purpose to promote widespread distribution.


Seems to me the first investor that can afford to be 100k$ worth of iEthereum token (iETH) will send it to the moon. In theory a much more fair distribution and way more usable than bitcoin. Also has the best two logos in the world. Best kept secret in all of cryptocurrency in my opinion.

Has Apple announced anything regarding iEthereum token?

Why have they not commented? That is the biggest question in all of cryptocurrency.

Theory out there that Apple trying to avoid legal regulations seeing what Libra went through.

could iETH be the Libra of Apple?

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Head of Technology
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iETH (iEthereum token) is a global cryptocurrency. It seems more clear to me that Apple may be introducing this secretly to make it decentralized and legal. When looking at the facebook debacle of the Libra launch it is clear that Apple is likely the Satoshi behind iETH and the air drop vs ICO method to launch was the correct way to do so. Name one other IPO or ICO that can say developers or insiders only kept 1% of the outstanding shares or tokens. Therefore the upside on this is huge especially when the insiders or developers decide to buy more.

If even 1% of bitcoin daily volume moves to iETH token the math says the token will be worth between 25-30$ value per token. seems to be holding 100,000 iETH tokens is a great risk reward investment. 5k$ investment would therefore make --- 3 million $ profit.

Imagine what happens to the price when Amazon decides to accept iETH (iEthereum token) as a form of payment for Amazon purchases.


Once again please post your opinions on this very interesting token. Please let me know if you find any other public information regarding the iETH mobile wallet and exchange. Thanks.

Also looks like iETH may merge to its own blockchain as well. If so likely Apple involved in that and possibly secretly as they still have not commented on the logo that I am aware of after almost 2 years of the logo outline painted on the global currency.

The next type of bitcoin?

Initiative Q is an attempt by ex-PayPal guys to create a new payment system instead of payment cards that were designed in the 1950s. The system uses its own currency, the Q, and to get people to start using the system once it's ready they are allocating Qs for free to people that sign up now (the amount drops as more people join - so better to join early). Signing up is free and they only ask for your name and an email address. There's nothing to lose but if this payment system becomes a world leading payment method your Qs can be worth a lot. If you missed getting bitcoin seven years ago, you wouldn't want to miss this.

Here is my invite link: https://initiativeq.com/invite/4zwJIyN3n

This link will stop working once I’m out of invites. Let me know after you registered, because I need to verify you on my end.

iETH Apple logo developers posted yesterday iEthereum trading on a new exchange "Bitcratic" --- the Satoshi team of iETH lives !


when doing a math comparison of the blockchain data -- current $2.12 token price. Obviously if Apple is behind this slow distribution it goes to $1000+ token price.


Simple strategy pick up 50K tokens for small risk extremely high reward. 50x minimum according to the proprietary math. Let's hope the development team updates us on the next phase of the platform.

check out the web page -- CMC.io -- and search iETH. very interesting.


Here is my prediction: looks like only 5 million tokens remain on the exchanges the rest are in wallets. If a team of investors decide to buy about 2.5 million of the remaining tokens or about 100K worth this price can only go up. My theory is based on simple math. Developers likely own a high percentage. Therefore simple supply and demand.

iETH needs more markets. Vol is low and most don't know how to trade on Yobit and merc. Could be a big winner some day.

iETH (iethereum Apple logo token) continues the 5 month trend upwards. The team remains anonymous which is similar to the Satoshi of Bitcoin and didn't seem to stop bitcoin growth.

Amazing that Apple Corporation has not commented or disowned the token or any affiliation. Therefore, logic would say there is a good chance Apple may be affiliated. Possibly only Vitalik and Cook even know about the software code for the iETH token. How else would Apple ever launch a token and keep it decentralized? My theory is the white paper was written poorly on purpose with intentional typos to promote slow distribution and adoption. This builds the best most robust global network.


Please post you opinions. For all of you that have ever said " I wish I would have bought bitcoin at 5 cents. iETH token structure is very similar to bitcoin at its early stages. One could also say it is the only fair ICO or IPO established in many years as the team developers in their white paper indicated they only kept 1% of tokens from the first launch. Also appears to be open source which indicates it could morph into an amazing platform in the future with improvements along the way.

A few sources indicate it may eventually become its own proprietary blockchain. selling one bitcoin buys one over 150,000 iETH (iEthereum) tokens. It appears to be a low risk diversification buy


Will someone please post an opinion or write a news story on these questions to promote dialogue. By the way the major holders -- according to the blockchain data -- (likely development team) don't appear to be doing any selling and I was always told to follow the smart money.

Apple iETH (iETH token) logo is ready to explode according to the blockchain math.
Looks like it is like buying a $2.12 lotto ticket for 5 cents. rinse repeat

best opportunity in the entire crypto market according to the math.

Apple iethereum token (iETH), has Apple corp. commented on their affiliation with the iETH blockchain.

Looks like this goes to 7$ short term and over 150$ per token if Apple involved.

I am surprised Apple has not commented on this iETH logo. Apple until proven otherwise.

Best investment in all of cryptocurrency in my opinion.

iEthereum Apple logo ROI 669.19% according to coinmarketcap

is anyone able to comment if Apple has put out a written statement regarding their affiliation with the iETH blockchain?

Thanks.

iEthereum ROI 655.50% looks like own blockchain as well.


CMC.io and enter iethreum in the search tab. wow. would be consistent with gigantic value to be its own blockchain platform.

CCTL- .0005 watching this one
Coin citadel $$$$$

Social Detention Inc. $SODE Launches Blockchain Initiative with the Acquisition of the World’s First Bitcoin Dedicated Marketplace in the App Store
https://finance.yahoo.com/news/social-detention-inc-sode-launches-123000976.html

EPAZ's Increase in new customers from cloud business applications http://app.newmediawire.com/news/5beb6989f19e400004b17b60?source=twitter

Let's see some news, hoping they are waiting for the timing to be right before communicating ~Rig

SCBZ holding a block myself,does move pretty easy. Good Luck & Tks

I have tied to reach them a few times, holding a block for when they decide to speak, can move and does move easily ~Rig

Hey Rig ,any thoughts on this one SCBZ .07? avg daily 10K yesterday 1.1 Million
Tks

HOT coin is on a NICE upswing

EPAZ Low FLOAT of 21.34M Shares Outstanding 45.04M

https://www.otcmarkets.com/stock/EPAZ/security

Up on Blockchain news: Epazz, Inc. (PC) (EPAZ) 0.02146 +0.00516 (31.66%) Volume: 88,872

EPAZ Epazz believes that by using blockchain technology, records will be distributed across the blockchain and will have a level of encryption that can only be unlocked with the patient’s digital key. The company will be developing application programming interfaces, which it will license to other EHRs (Electronic Health Records providers), hospitals and payers.

$EPAZ Epazz CEO, Shaun Passley, Ph.D., said, “We are expanding the possibilities of our cloud health care software with the new usages of blockchain to provide our current customers and potential customers greater flexibility and functionality. We believe these efforts will help us increase revenue.”

What do you think?

https://ir.globalblockchain.io/press-releases/detail/57/atari-founder-nolan-bushnells-x2-games-to-be-acquired-by

EPAZ Blockchain & crypto technology are relatively new to most industries given even the pioneer ‘Bitcoin’ will only be a decade old in 2019.

However, the tech seems to be penetrating fast into sectors like medicine although some areas like modern dentistry are yet to find a compatible feature.

A week ago, the cryptocurrency & blockchain technologies were leveraged for medical services in London. This marked the first time a patient used crypto coin tech to communicate to a General Practitioner; it was facilitated by MyClinic.com, a tech-oriented medicine service. Medicalchain is blockchain start-up behind the launch of this service; the firm’s goal is to scale patient’s choices in the mode of treatment & interaction with a doctor.

Maria Rodriguez, the patient who tested the crypto services said that the tech indeed improves the medicine ecosystem. One can easily buy medicine-related services via MyClinic.com using the Medicalchain native tokens, MedTokens (MTN). Furthermore, the doctor’s report can be recorded sooner on a digital ledger where the peers with access to the platform can view.

Medicalchain is running the pilot phase of this milestone in London at Groves Medical Centre. As of press date, the UK based market can participate in the pilot by using MyClinic application to make appointments. The innovation guarantees that patients will retain the option of accessing the doctors allocated to them by NHS.

Forbes recently said that the patient records challenge can be solved by the approach taken by the likes of Medicalchain. This firm’s blockchain & token powered network allows patients to access their notes from consultants & records as well. Such innovations have been praised for the potential to improve health care making Medicalchain a potential medicine industry mover. This is not to say that the option of using card payments is not viable as it still globally accepted compared to crypto coins whose fate is yet to come.

Medicalchain CEO, Dr. Abdullah Albeyatti, commented on the company’s progress & goal in MyClinic.com medicine-blockchain initiative;

“Today marks the first step in Medicalchain’s international mission to empower patients to have greater choice over how and where they receive medical advice, as well as how they control the use of their medical information. One of the first steps is introducing blockchain facilitated video consultations with their GP, paid for with cryptocurrency.”

Dr. Abdullah further added that Medicalchain intends to scale its services to a global level once the pilot phase proves to be a success.

Groves Medical Group has largely benefited from Medicalchain’s blockchain service as the clinic pioneered the use of blockchain to offer a video consultancy service to patients. The security of this ecosystem is one of the features Medicalchain boasts about in its project.

Dr. Vince Gripauldo who works for Groves Medical Group as a partner confirmed the viability of Medicalchain’s milestone in medicine services;

“MyClinic.com is a perfect fit for our practice as it allows patients to quickly book appointments on their mobile app, see their doctor from any location and gain access to their appointment reports following each consultation.”

It is noteworthy that blockchain & the medicine service arena have interacted before as developers try to solve challenges. Another clinic that formed a partnership with Medicalchain is known as Mayo, the two plan on leveraging blockchain to manage the recording systems for storing patients’ data.

NBDR ceo in magazine for visionary.
https://www.entrepreneur.com/article/318457

NBDR news
Lannister Development and Media Shower Release Groundbreaking "Equity Token" Blockchain Project
11:30 am ET October 10, 2018 (BusinessWire) Print
Media Shower, Inc., the leading blockchain media and marketing company today announced that it has collaborated with Lannister Holdings, Inc. (OTC: NBDR), parent company of leading Web 3.0 software developer Lannister Development, to release the initial blockchain code base of The Equity Token Project, a new open source toolkit for companies to offer equity stakes in their businesses to investors via blockchain tokens.
"To date, blockchain projects have been funded by investors buying 'tokens' without any real underlying value," explained John Hargrave, CEO of Media Shower. "The Equity Token Project lets blockchain entrepreneurs fund companies with real equity, like a real company."
"Which means investors can begin owning a real piece of equity in businesses, not just a blue-sky idea," added Joseph Snyder, CEO of Lannister.
The intent of The Equity Token Project is to marry existing investment models and regulatory systems with blockchain technology. For example, an angel investor could put in a "seed round" of funding for a new blockchain project and receive traditional shares in the company--with these shares also recorded on a blockchain as "equity tokens."
"This technology opens up all kinds of models in the future," Hargrave explained. "We'll start to see 'smart stocks,' with built-in voting mechanisms."
"We want entrepreneurs to innovate on this model, which is why we're making The Equity Token Project open-source," continued Joseph Snyder.
The Equity Token Project ushers in a new era for blockchain investors and entrepreneurs alike. Developers can download the codebase for free: https://github.com/LannisterDevelopment/Equity-Token-Project
About Media Shower, Inc.Media Shower is a media and marketing firm that helps blockchain technology companies succeed. Based in Boston, Massachusetts, they position blockchain projects across the globe for growth through investment, and educate investors on blockchain technology through the independent voice of BitcoinMarketJournal.com.
About Lannister Holdings, Inc.Lannister Holdings, Inc. (OTC: NBDR), a publicly traded software development and products company, provides cloud solutions and blockchain products to the financial services industry along with Web 3.0 architecture, consulting and development services to startups and enterprise organizations through its trade name Lannister Development. Headquartered in Phoenix, Arizona, its mission is to further the real-world deployment of Web 3.0 technologies to achieve transparency and security for organizational systems and operations worldwide.

What do you think about ErisX exchange vs Singularity exchange?

What are your thoughts on Global Blockchain Technology Corp?

EPAZ Finding the real enterprise value in blockchain
It is vitally important you know what blockchain is and how to prepare for it, and staying ahead of the trends, will be the key to success

Finance teams are using blockchain apps to great advantage – and thinking through how distributed ledger software applications can bring value to an increasingly large array of functional areas. But before moving ahead with blockchain, finance leaders need to assess their companies' readiness, assess the risks involved and precisely define the opportunities for value creation.

I recently participated in the CFO Magazine webcast A Finance Leader's Guide to Blockchain. Along with my co-panelists, we covered the most significant developments in blockchain, specific ways to prepare for it, and what the future of blockchain will look like for companies.

Most importantly, we began simply by defining blockchain. While blockchain is often associated with cryptocurrencies, understanding precisely what it is, how it can add value and how it works eludes even the most sophisticated business leaders. An informal survey taken during the webcast showed the overwhelming majority (37.1% disagreed and 29.3% strongly disagreed) with the statement, "my finance team has a clear understanding of how to use blockchain to my company's advantage." Only 1.7% of respondents agreed.

Much of the confusion arises out of the fact that there are two parts to consider: The underlying network and technology platform, and the applications that are built on top of the platform. In fact, most enterprises won't need to build blockchain networks from scratch, but instead should focus on developing apps. From the enterprise perspective, the value comes from the apps themselves. For example, Walmart developed a blockchain application for supply chain transactions, in which the data is accessible only by Walmart and those to whom Walmart grants access.

Once understood, finance teams can quickly find ways to use blockchain – and blockchain apps – to their advantage. This often begins with defining use cases to automate manual, internal processes, and then defining which business processes might be outsourced to BPO providers. Many BPO providers are keen to expedite transactions for the clients they serve and deliver faster time-to-value. Using blockchain apps to accomplish that goal represents a win-win for both BPO provider and the enterprise customer.

But is your team ready for blockchain? There are four steps to ensure readiness. Before diving in head-first, structure a cross-functional team (realizing that most of what occurs will be outside of enterprise IT). This will ensure that different views are brought to the table. Next, define the vision and prioritize ideas, and then blueprint a technical solution before actually developing the prototype. Finally, a business and ROI analysis will determine the development time needed, along with important benefits such as reduction in technology spend and improved speed, security and scalability.

A major benefit of blockchain is that it mitigates a lot of the risks normally associated with finance processes, but there do remain some risks, primarily in not fully understanding what is required or what blockchain (and blockchain apps) really mean. Also making blockchain a technology-led activity rather than a business-led one carries the risk of turning it into an IT project that fails to take into account the business goals of the company.

Having the knowledge and resources necessary to prepare for and implement blockchain and blockchain apps is the key to success, and lacking that knowledge is the biggest risk. In the webcast, it was shown that a large percentage of attendees lacked the knowledge and resources necessary, with only 1.8% strongly agreeing with the statement "My finance team has the knowledge and resources necessary to prepare my company to implement blockchain." The largest number, 40.4%, disagreed with the statement, and 25.7% strongly disagreed, reinforcing the notion we still have a long way to go.

This lack of understanding is temporary however, and the future of blockchain holds tremendous potential. Ultimately, its benefit will extend far beyond core accounting and finance processes. We're already seeing practical applications in supply chain management and blockchain apps layered on top of ERP solutions. The market is evolving quickly. Understanding what it is and how to prepare for it, and staying ahead of the trends, will be the key to success.

$EPAZ Bitcoin, Cryptocurrency Receive Recognition For Financial Impact Over Last Decade
Financial Times Rates Cryptocurrency As One of the Largest Developments of the Last Decade

Blockchain linked to EOMN reverse merger. Check it out.

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