Strategic Blockchain Consulting is a Division of Remonix Inc. a Lakeland, Florida based Corporation.
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!
AI and Blockchain Working Together
Artificial Intelligence (AI) and Blockchain have now evolved into leading technologies that power innovation across almost every industry from food supply logistics to healthcare record sharing to providing financial security for a company’s assets.
Artificial Intelligence (AI) refers to machines that are built to preform intelligent tasks that have traditionally been accomplished by people. Blockchain Technology is gaining traction globally as decision makers better understand the power of this technology.
AI and Blockchain are proving that by working together they can make dramatic improvements to the operational performance in hundreds of industries while building and organizing immense databases and strengthening cybersecurity protocols.
Company Focus is Blockchain and Cryptocurrency Consulting Solutions
Our Management Team has the technical knowledge of the Blockchain Technology Platform to assist Organizations develop and implement successful blockchain projects. We also help Organizations understand how cryptocurrencies can impact their businesses.
Cryptocurrencies have moved from speculative investments to viable alternative currencies. While they aren’t being fully utilized yet, they are being used in a number of places throughout the world.
Cryptocurrency Market Impact
Bitcoin is causing a Financial Revolution in the World!
Fiat money has attributed value because a government declares it as their legal tender, but it has no real intrinsic value unlike gold or silver.
Bitcoin has intrinsic value beyond the "trust" of its community because the Blockchain Technology Platform protects the security of their data and prevents hackers from gaining access to 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, and you can use it to buy and sell products and services.
What Are “Altcoins”
The term “altcoin” refers to all cryptocurrencies other than Bitcoin. There are over 4,000 cryptocurrencies in the world as of January 2021. Altcoin is a combination of the two words “alt” and “coin” and includes all the alternatives to Bitcoin.
Some of the main types of altcoins include mining based cryptocurrencies, security tokens, and utility tokens and hundreds more. According to CoinMarketCap, a market research company focused on the cryptocurrency market, “altcoins” accounted for over 34% of the total cryptocurrency market by December 2020.
As the world of the “Blockchain Technology Platform” continues to be better understood by executives running global organizations, “altcoins” will have a tremendous impact on how we conduct global commerce.
The challenge with cryptocurrencies is to constantly keep learning about them by carefully studying "how and why" some are gaining market share.
Blockchain Technology and Non-Fungible Tokens
Non-fungible tokens or NFTs contain identifying information recorded in the smart contracts between a buyer and a seller of a Concert Ticket for example. Non-fungible tokens are not divisible, and you cannot send someone part of a concert ticket because the ticket would not be worth anything and would not be redeemable.
Non-fungible tokens have unique attributes, and they are usually linked to a specific asset like a fine art picture to prove ownership. The market for companies providing NFT solutions is rapidly exploding, and Venture Capitalist are spending hundreds of millions of dollars to fund these companies.
Bitcoin Mining Explained:
Bitcoin mining is performed by high-powered computers that solve complex computational math problems and these problems are so complex that they cannot be solved by hand. Bitcoin mining is the process of creating new bitcoin by solving a computational puzzle.
Bitcoin mining is necessary to maintain the ledger of transactions which bitcoin is based on. The result of bitcoin mining is twofold. First when computers solve these complex math problems on the bitcoin network they produce new bitcoin. Second by solving computational math problems bitcoin miners make the bitcoin payment network “trustworthy and secure” by verifying its transaction information.
When someone sends bitcoin anywhere in the world it is called a “transaction”. Transactions are made online and are documented by banks, point-of-sale systems, and physical receipts. Bitcoin miners achieve the same thing by clumping transactions together in “blocks” and adding them to a public record called the “Blockchain Nodes” and then they maintain records of these blocks so that they can be verified in the future.
Ethereum is a decentralized, open source blockchain with smart contract functionality. Ether (ETH) is the native cryptocurrency of the platform. It is the second largest cryptocurrency by market capitalization, after Bitcoin. Launched in 2015, Ethereum is not just a platform but also a programming language running on a blockchain, and helping developers to build and publish distributed applications.
Decentralized Finance (DeFi) Explained
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 a traditional financial market intermediary, which is time consuming and can be quite expensive.
This disintermediation is meant to reduce the financial drag by costly middlemen. There is a big debate as to where DeFi stands in such cost optimization, but the adoption is increasingly undeniable and the market is growing rapidly.
Institutional participation in Decentralized Finance (DeFi) has dramatically scaled up over the past few months. As the total value locked (TVL) in DeFi exceeds $100 billion dollars, it is now evident that the market has evolved way beyond the early adopters. It is now something to be studied very carefully by serious cryptocurrency investors.
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!
For additional information and scheduling a meeting please contact William Dollar, Founder and CEO
Mailing Address: 523 Belmar Street Lakeland, FL 33803
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