3 Areas Where Enterprise-Focused Startups Are Poised to Make an Economic Impact

How do you improve efficiency by reducing costs and overhead without sacrificing performance? July 12, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. The ongoing enterprise/business/startup saga is: how to improve efficiency by reducing costs and overhead without sacrificing performance? I deal with this on a daily basis. Trade-offs are inherent in any business decision-making process, and it is often through new developments (i.e., technology) that the optimal solution arises. I’m an early adopter for these exact reasons. So much new tech is constantly being built to create efficiencies and support business processes. For enterprises in industries ranging from digital identity verification to supply chain tracking, that answer has frequently resulted in a specific iteration of blockchains: enterprise blockchains. They are more attuned to conventional business models and are subject to many of the same liabilities as business-operated software systems, such as a cloud-based database network. […]

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How Blockchain is Disrupting Traditional Media and Entertainment

Looking ahead to the future of the entertainment industry. July 10, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. Blockchain technology holds the potential to completely disrupt the media and entertainment industries. Unequal distribution of content, as well as unfair compensation for creators, are problems that evolving blockchain technologies are seeking to solve. Innovative artists are disrupting the ways that we consume and pay for various modes of entertainment. The music and entertainment industry has been in a process of continual disruption as streaming platforms have risen in popularity. While those platforms have made media more globally accessible, they have not allowed for fair compensation for creatives. Blockchain poses a possible solution through decentralization. Because the entertainment industry has suffered from issues of ownership, with confusion and conflict surrounding attribution, the implementation of blockchain could create a more fair system of transparency, noting what individuals are entitled to […]

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10 Entrepreneurs Who Are Showing Why Blockchain Is Here to Stay

Thinking of jumping into this new technology? Consider the experiences and accomplishments of these entrepreneurs who already have. June 20, 2019 7 min read Opinions expressed by Entrepreneur contributors are their own. Entrepreneurs in nascent industries often face challenges that seasoned entrepreneurs might not have. In the blockchain industry, these challenges have included education, adoption and external forces like global regulation. Just “selling” a new technology to clients can be a challenge. But in the case of blockchain and crytocurrency, these challenges are less and less of a problem, as the technology has already become a mainstream phenomenon: Consider just the fact that a company as influential as Facebook has launched the digital currency Libra. Related: Facebook’s Cryptocurrency: Everything We Know So Far Today, in fact, entrepreneurs around the world are asking how distributed ledger technology can help optimize their businesses. This has led to a blockchain revolution, with experts predicting the industry will grow […]

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How Open Financial Tools and Services on the Blockchain Are an Enormous Opportunity for Entrepreneurs

The opportunity blockchain represents is just getting started. March 22, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. Outside of all the consistent price speculation and novelty of cryptocurrencies, a compelling trend toward a more open and accessible financial ecosystem has materialized. Underscoring this movement is the expansion of the infrastructure and regulation required to facilitate a transition toward open financial tools. From standardized identity protocols for KYC/AML (know your customer/anti money laundering) compliance to modular, open-source tools, the digital asset market is converging with traditional economic structures. For entrepreneurs, the sheer scale of innovation in the sector is dizzying. The narrative of monetary sovereignty that cryptocurrencies have molded has coincided with broader trends toward data privacy and more accessible financial tools for the unbanked parts of the world. The potential for open, decentralized finance is enormous and has become one of the most convincing areas for attracting entrepreneurs. The movement towards […]

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Innovations in the Video Game Industry Entrepreneurs Need to Know About

Video games are for kids and neckbeards who stream on Twitch, right? $18.4 billion says otherwise. Today, the video game industry is where innovation is happening. It’s where millions of tech enthusiasts gather in offices and garages and tinker with code, machines, parts, etc. These guys push computing technology to its limit. What’s the benefit to entrepreneurs and business owners? Tools. Productivity tools, advertising, etc. Today we’re going to talk about the video game innovations that could change the way you run your business. Let’s side-scroll onward. 1. Artificial Intelligence I remember when the cutting-edge game Deus Ex came out in 2000. I read a review of the game. It claimed the AI was so advanced that if you used a silenced weapon while standing over a ledge, the guards below would react to the shells falling from your gun. This was utter B.S. Not artificial intelligence in the slightest. […]

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Invitations in the Video Game Industry Entrepreneurs Need to Know About

Video games are for kids and neckbeards who stream on Twitch, right? $18.4 billion says otherwise. Today, the video game industry is where innovation is happening. It’s where millions of tech enthusiasts gather in offices and garages and tinker with code, machines, parts, etc. These guys push computing technology to its limit. What’s the benefit to entrepreneurs and business owners? Tools. Productivity tools, advertising, etc. Today we’re going to talk about the video game innovations that could change the way you run your business. Let’s side-scroll onward. 1. Artificial Intelligence I remember when the cutting-edge game Deus Ex came out in 2000. I read a review of the game. It claimed the AI was so advanced that if you used a silenced weapon while standing over a ledge, the guards below would react to the shells falling from your gun. This was utter B.S. Not artificial intelligence in the slightest. […]

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How Blockchain’s Decentralization Narrative Can Redefine Data Privacy

The true value of blockchain technology can be found in data privacy. January 25, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. Blockchain’s prolonged sentiment as a panacea to the world’s problems throughout 2017 was unambiguously representative of what the Gartner Hype Cycle details. However, out of the extended bear markets, which pruned many altcoins from the markets and helped participants in the broader ecosystem become more discerning, emerged several trends that still can drive important change in crucial areas. One of those areas is data privacy, and the future role that decentralizing network and systems architecture can have in mitigating the endemic problems of data security, unethical data sharing and Orwellian-grade mass surveillance. Related: Don’t Let Blockchain Technology’s Security Loopholes Go Unnoticed Surveying the cryptocurrency and blockchain landscape reveals that privacy has been continually emphasized among core proponents of the underlying technology, and is beginning to garner […]

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The Case for Using Fintech to Fund Your Next Company

Tokenization through blockchain technology offers a compelling alternative to the traditional fundraising process. January 17, 2019 7 min read Opinions expressed by Entrepreneur contributors are their own. This post was written by Thomas Carter, founder of DealBox, a blockchain business accelerator and crowdfunding platform for startups. I’ve been raising capital for 30 years and know firsthand that the process is not an easy one. Entrepreneurs spend precious time and energy jetting between meetings with potential investors while simultaneously building their business. They squander meaningful bandwidth that could be better utilized developing their company instead of juggling all the complexities of raising capital. Even when the pieces are in place, funding terms can be downright predatory. I believe tokenization is a better way to raise money for your venture, and as the founder of a venture fund that uses tokenization to capitalize startups, I’ve seen firsthand the advantages it can provide […]

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Don’t Let Blockchain Technology’s Security Loopholes Go Unnoticed

Do you assume, for instance, that private ‘permissioned’ blockchains are secure? You’re wrong. January 11, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. At the start of 2018, the International Data Corporation published a report forecasting $2.1 billion in global spending on blockchain solutions for the near future. In July, the research firm followed up with another spending guide, which estimated that blockchain spending would exceed $11.7 billion by 2022. Related: Blockchain Technology Can Be Critical to IoT Infrastructure Security That forecast is beginning to bear out: Today, blockchain technology continues to appeal to the global corporate institutions looking to fundamentally change the ways in which they handle transactions and manage data. That appeal makes sense, considering blockchain’s time-stamped, distributed and irreversible benefits. Overall, the technology boasts transparency, reliable tracking, reduced costs and the ability to eliminate intermediaries. It is, therefore, no surprise that financial giants like Bank of […]

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Become a Blockchain Expert for Less Than $20

Set to go mainstream later this year, blockchain is a must-know tool. January 11, 2019 4 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. Once presumed to be the domain of ostentatious Wall Streeters and tech bros, the MIT Technology Review predicts 2019 will be the year the blockchain finally goes mainstream. The publication notes that the technology could soon revamp the realms of banking, healthcare, supply management, and even entertainment, making it “more useful” than ever before, and so popular that it becomes “boring.” Initially introduced some 11 years ago as a log for Bitcoin transactions, the blockchain is a decentralized and distributed digital ledger. It’s structured just like a literal chain of blocks with the “block” being […]

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Blockchain Could Make Our Food Supply Much Safer

Blockchain can make food shipping faster and pinpoint contaminated food before it is sold. December 19, 2018 5 min read Opinions expressed by Entrepreneur contributors are their own. Over the past month, consumers witnessed a series of food distribution disasters: Romaine lettuce was recalled across 11 states and Canada after more than 30 people reported illnesses; approximately 6.5 million pounds of various beef products was flagged for possibly containing salmonella; and more than 89,000 pounds of ready-to-eat ham products were recalled due to a listeria contamination.In 2017 alone, there were more than 400 recalls issued by the U.S. Department of Agriculture and the U.S. Food and Drug Administration. The same year, the U.S. Department of Agriculture recalled more than 20 million pounds of product. The solution to these contamination problems isn’t years away. It’s here now, and many businesses are already implementing it — blockchain technology.  Wal-Mart, for instance, is […]

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How Energy Works on the Blockchain and Why Entrepreneurs Should Pay Attention

Most of us can’t control where our power is coming from, yet. But, with blockchain, that day is coming; and businesses will benefit. November 7, 2018 5 min read Opinions expressed by Entrepreneur contributors are their own. The UN’s Intergovernmental Panel on Climate Change recently issued a stern warning: End humanity’s dependence on fossil fuels within a decade or become directly responsible for not halting irreversible climate change. Related: #5 Ways Through Which Biotech Entrepreneurs are Going to Enhance Human Lives Clearly we have to pay attention to climate change. And, here, one of the biggest areas we can change is the power sector; that’s because, currently, 33 percent of the world’s power comes from oil, while coal is responsible for 28 percent, and natural gas, 24 percent. Cutting out fossil fuels and switching to cleaner, renewable sources of energy could do a lot to impact climate change, but we may […]

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One of the Biggest Issues Facing Blockchain Is Its Lack of Ability to Scale

Here’s what you need to know about the problems facing the technology backing Bitcoin and other cryptocurrencies. August 28, 2018 5 min read Opinions expressed by Entrepreneur contributors are their own. In order for the world economy to continue to grow, we need to develop digital infrastructure to sustain the speed and volume in which we share information. Data infrastructure needs to be scalable and deployable as the needs of our digital era continue to evolve. Even though blockchain is somewhat the “new kid on the block,” it has excited the world of business. According to a survey carried out by Gartner, 66 percent of the respondents said they believed that blockchain is a business disruption and 5 percent were willing to spend over $10 million on the technology. Blockchain has many uses and implications; however, the first mainstream application we’ve seen is through cryptocurrency. But the initial design of cryptocurrencies was not built for widespread […]

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3 Industries Blockchain Entrepreneurs Will Change for the Better

Here are promising markets for any entrepreneur looking to dive into a long-term blockchain project. August 3, 2018 5 min read Opinions expressed by Entrepreneur contributors are their own. With the emergence of blockchain technology, innovation seems far from over, and as new processes and systems emerge, entrepreneurs should be looking for market pain points in need of innovative solutions. Related: How Blockchain Is Poised to Disrupt the Gig Economy Of all the industries that can benefit from blockchain solutions, three stand out. Transparency and traceability in supply chain management Traceability, transparency and authenticity are the three key pillars of efficient logistics. However, the present day standard databases that are used to store the key information about the goods in transit are neither efficient nor foolproof. The records can be easily tampered with and manipulated, information is often not available or updated in real-time, and there is a serious lack of […]

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We Need to Start Educating Students and Hiring Teams About Blockchain. Why That’s Crucial.

Blockchain’s global market is predicted to hit $60.7 billion by 2024. What’s your H.R. team doing about it? July 27, 2018 5 min read Opinions expressed by Entrepreneur contributors are their own. It is often said that we are going from the internet of things to the internet of value and that by applying blockchain technologies, the rate of data propagation will become instantaneous. Related: Blockchain in Education can do Wonders. Here’s Why. Various global networks — proprietary and distributed — are changing the way we deliver value, whether the use be monetary or an offer of an agreement or vital information. Technological advancement across our digital planet continues to occur at an exponential rate. In this context, blockchain technology and distributed ledger networks have constituted the latest revolution in information infrastructure, akin to what email and the internet were in the 1990s. Blockchain and distributed ledgers, in fact, are transparent databases that allow network participants to […]

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Blockchain Could Be a Powerful Tool for Shrinking Pervasive Global Money Laundering

The world’s wealthiest people shield as much as $2 trillion annually from taxes. Blockchain’s transparency could make it a lot harder. July 19, 2018 5 min read Opinions expressed by Entrepreneur contributors are their own. Few instances in history have altered our perception of the global economy like the release of the Panama Papers in April 2015 — 11.5 million leaked documents detailing instances of offshore money transfers and tax avoidance from a staggering 214,448 entities in more than 50 countries. In an instant, the curtain shielding hundreds of thousands of potentially illegal financial transactions was stripped away and the general public realized our offshore financial ecosystem is not as ethical as we once may have thought. The Panama Papers are a wake-up call that fraud is an elusive and precarious threat to global commerce. Armed with the latest technological advancements, bad actors continuously find new, cunning ways to circumvent […]

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Basic Blockchain Lingo Every Entrepreneur Needs to Know

Do the terms ‘proof-of-stake,’ litecoin’ and ‘mining’ mean anything to you? If not, keep reading. July 6, 2018 5 min read Opinions expressed by Entrepreneur contributors are their own. With all the buzz lately around blockchain technology, it can be tough to keep up. Given how fast this industry is growing, new terms are being introduced on a regular basis, and if you have wanted to learn more about crypto, the blockchain and what it means to “HODL,” then here is a short list of essential vocabulary to digest. Related: Just What the Heck Is Blockchain? Watch This Explainer Video. Blockchain If you’re going to talk about blockchain, you have to know what the blockchain is first. Blockgeeks explain that blockchain is a distributed ledger of digital information. Created by an unknown individual named Satoshi Nakamoto (probably a pseudonym), the original use-case for blockchain was the digital currency Bitcoin. A significant benefit of […]

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How You Can Build a Career in Blockchain

Hint: It won’t involve a college degree. June 25, 2018 6 min read Opinions expressed by Entrepreneur contributors are their own. In the past 18 months, blockchain has leaped onto the world stage and presented itself as the next-generation solution for many of the tech sector’s most pressing problems. It’s received influential endorsements from government leaders, industry titans and ambitious entrepreneurs in an unprecedented acknowledgment of the technology‘s prowess. Related: The Cryptocurrency Job Market Is Exploding (Infographic) To be sure, they aren’t wrong. Blockchain, which was first developed to account for the popular cryptocurrency, Bitcoin, is now one of the most dynamic technologies today. As The New York Times wrote back in January, “The Bitcoin bubble may ultimately turn out to be a distraction from the true significance of the blockchain.” All of this enthusiasm has created a surging demand for blockchain-related jobs. According to Upwork, a global freelance exchange, blockchain-related skills […]

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Using Blockchain to Achieve Gender Equity

Just as social media connected a wave of women to raise their voices against sexual harassment and assault, blockchain can connect women together for global movement toward economic empowerment. June 21, 2018 4 min read This story originally appeared on Ellevate What is blockchain, exactly? Blockchain is often associated with bitcoin, the cryptocurrency it enables, but blockchain is far more than a cryptocurrency enabler (it has been used for medical records, copyright protection and voting records). At its core, blockchain is made up of blocks of transactions. Once those transactions are finished, the blocks are added to the chain. Each block is secured using cryptography. While blockchain is largely a male-dominated industry, it can be used as a tool for gender equity and inclusion. Related: 6 Tips for Building a Strong Support Network from Unlikely Sources How to use blockchain as a means to gender equity Just as social media connected a wave of women to raise their voices […]

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3 Lessons the Big Brands Hopping on to the Blockchain Can Teach Entrepreneurs

By mirroring strategies undertaken by big brands, startups can find ways to offer unique services taking advantage of the blockchain’s beneficial attributes. June 15, 2018 5 min read Opinions expressed by Entrepreneur contributors are their own. With the blockchain bandwagon gaining momentum, it’s easy to argue that the increasing number of large companies testing the waters is simply a money grab rather than a decision to dabble in innovation. Related: 7 Myths That Fuel Blockchain Hysteria For these brands, blockchain technology, which has commonly been linked to the startup ecosystem, may seem like a somewhat unnecessary add-on that is largely unrelated to core business processes and practices. Moreover, some of the high-profile public blockchain initiatives, like those by Kodak and Long Island Iced Tea (since renamed Long Blockchain Corp.), have flopped hard enough to make observers doubt the applicability of the technology to large companies (as  this Fortune article documented). Even […]

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