Blockchain technology is all set to radically transform global trade, institutions and firms that govern it. As this technology finds a new way to upheaval the way we design, make, deliver and coordinate the use of goods and services globally, entrepreneurs have started using artificial intelligence to raise funds for their business.

The concept of ICO has become very popular as a means to raise capital and provide liquidity for its operations.

Initial Public Offer (IPO)

Initial Public Offering (IPO), also called “going public”, is a process through which a company goes from private to public by issue of stocks/ shares to the general public.

It is the first time that a company invites the general public to participate in the ownership of the firm. IPOs are generally issued by firms that are new and small hat wish to expand their capital base. It can be understood as a money making move wherein the basic idea is...Click here for more info...

The South Korean province of Gyeongsangbuk has turned into an unlikely area for the latest government-approved crypto experiment, with the news that it intends to set up its own cryptocurrency.

This move makes a symbolic impact after South Korea considered putting a China-style ban on crypto trading around nine months back.

Gyeongbuk Coin

As reported by Joongang Daily, the new cryptocurrency, called Gyeongbuk Coin is expected to replace the gift vouchers at vendors everywhere throughout the area, which incorporates South Korea's fourth-biggest city Daegu. The existing payment system will be replaced in favor of the new coin, which will be available for purchase through an exchange.

The area expects to issue 100 billion...to continue reading click here

The government is thinking to launch crypto tokens for financial transactions in India. The sources say that the ban on trading cryptos will continue but the government has developed a soft corner for these cryptocurrencies. The government is also considering to replace smart cards with such tokens, as reported by DNA

The government is making plans to use these tokens in two sectors. Private and Public.

In the private sector, it will be used as loyalty points for example as air miles which can help you to buy the next air ticket in a lesser amount.

In the public sector, these tokens will be initially issued as metro cards.

In future, the government may also allow the usage of cryptocurrencies for trading and making transactions.

There are media reports that show that a committee is made by the government and it is working on the formulation of rules and regulations and also the specific actions that are required regarding this law. Once they are legally vetted, the drafted rules and regulations will be put forward the Parliament.

The government clarifies that people will be needing the fiat currency...to continue reading click here