The Company was founded by William Dollar to work with executives to develop solutions to improve their operational performance via the Blockchain Technology Platform. Our Staff has the technical knowledge to assist organizations in developing and implementing successful blockchain projects to increase revenues and improve their operational performance.
Blockchain Technology Defined:
A decentralized, distributed digital ledger consisting of records called blocks. The blocks are used to record transactions across many computers so that any single block cannot be altered retroactively without the alteration of all subsequent blocks in the blockchain, making it almost impossible to hack information.
Blockchain Technology is bringing us the "Internet of Value" with a robust distributed platform that has the power to reshape the world of global business. Blockchain is improving "Trust" where information and assets are transferred.
It is truly a revolutionary technology!
Why Blockchain Technology Matters:
This new technology was first introduced to the world in 2008, and blockchain technology has given rise to over 19,000 cryptocurrencies as of June 2022, including the very famous Bitcoin. It did not take long for blockchain to become synonymous with cryptocurrencies, and that is changing the entire financial world in the way people can buy and sell goods and services, and pay for them with these new digital currencies.
The adoption and deployment of blockchain solutions by financial institutions, crypto-enterprises and governments is rapidly expanding worldwide.
There are over 1,000 applications that have been developed for blockchain and they apply to a series of important fields including the secure sharing medical data, supply chain improvements, logistics monitoring, digital content management, and much more.
Smart Contracts and Blockchain Technology:
Smart Contracts use blockchain technology to verify, validate, capture and enforce agreed upon terms and conditions between multiple parties. In a blockchain a record in one computer cannot be altered without changing the same record on all the other computers in the entire network.
Transactions executed through a blockchain are grouped in blocks that are linked in a chain. A new block is created only when the previous block is completed. The blocks come in a linear chronological order, and each block contains a cryptographic hash of the previous block.
Decentralized Finance (DeFi) Market:
Decentralized Finance (DeFi) leverages smart contracts by automatically executing code residing on blockchains. This code replicates common traditional finance market actions such as "lending or trading" but without facing off with traditional financial market intermediaries.
Decentralized finance has grown to a 506 billion dollar industry by June 2022, and is poised to explode 10-fold according to DeFi Pulse a Crypto Market Research Company. Given the current dramatic growth trends, a 10-fold increase in DeFi could be attainable.
Bitcoin is a Financial Revolution in the World:
Fiat money has attributed value because a government declares it legal tender, but it has no real intrinsic value unlike gold or silver. Bitcoin has intrinsic value beyond the trust of its community because of the Blockchain Technology Platform and how it protects the security of hackers from cheating the system.
Bitcoin doesn't lean on a system of debts, and its value boils down to how effective it is as a medium of exchange to buy and sell goods and services. Bitcoin is often described as a cryptocurrency, a virtual currency, or a digital currency and is a type of money that is completely virtual. It's like an online version of cash. You can use it to buy products and services.
Because of its unique qualities Bitcoin’s values is increasing at a rate that no other form of currency has ever experienced. This is causing governments and large companies around the world to consider using bitcoin to pay for goods and services.
The New Internet Web 3.0
The foundations are being laid for a new internet and financial services industry built on digital assets and blockchain technology. This will be the most important computer science innovation in a generation.
The first digital medium for value and a way to move, store and manage assets like money, stocks, votes and our digital identities both privately and peer-to-peer.
The Web 3.0 will have a strong emphasis on decentralized applications and the extensive use of the blockchain technology platform. Web 3.0 will also make extensive use of machine learning and artificial intelligence to empower more intelligent and adaptive applications.
Good business relationships are built on "trust" by thoroughly discussing the expectations of projects, and setting realistic milestones to closely monitor the progress of the project.
Delivering the expected results on-time and within budget allows for further "trust building" and is the cornerstone of a long lasting business relationship!
Remonix and Strategic Blockchain Consulting are Sole Proprietorships based in Cebu City, Philippines. For additional information and scheduling a meeting please contact William Dollar, Founder and CEO
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