Success of Initial Coin Offerings (ICOs) Shows Increasing Application of Blockchain Technology to Payment Solutions
CannabisNewsWire Editorial Coverage: Since their genesis in 2008, bitcoin and its underlying blockchain technology have spawned entirely new industries. Blockchain technology appears to be finding application in land registries, in protecting personal identities, in “smart” contracts, and in many other areas. The first employment of blockchain was, of course, bitcoin and cryptocurrencies continue as the main users of the technology. The value of digital currencies is now in the billions, led by bitcoin itself, which skyrocketed to a price above $11,000 as of early December. Moreover, digital coins or tokens have been offered to the public recently in a spate…