Blockchain technology is the Internet of Value that can change the world on an unprecedented scale.
The Internet today is a cost effective mechanism for worldwide information dissemination. But at the same time, it is subject to problems like privacy and security. We enjoy the convenience of the Internet at the price of divulging personal data. Nick Szabo says that doing business on the Internet requires a leap of faith because a third party is always involved. The Blockchain network, however, serves as a trustworthy global platform where transactions can be directly made between you and me without going through a third party. For the first time ever, money and everything of value can be exchanged and confirmed by mass collaboration on the Internet in a truly trusted way.
According to Tokendata.io data , 34 ICO projects in July raised $665 million in total. However, the current ICO craze will lead to disastrous consequences. Obviously, the first group of companies seeking for ICOs are largely not big companies with wonderful projects. If the project is promising, why not seek support in traditional ways instead of starting an ICO that is unregulated? Is the boss a geek or a simple conman? How can you tell?
As the number of bad ICO projects grows, it will not take long before the ICO market collapses. Should we invest before the bubble pops?
http://news.8btc.com/blockchain-the-internet-of-value-offers-a-trustworthy-global-platform-that-the-internet-of-information-never-had
