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Author Topic: With gov't and banks taking up blockchain,what ICO would profit the most?  (Read 177 times)
ledu_ico (OP)
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April 16, 2018, 10:10:13 PM
 #1

Here and there news reports are showing what the government and banking institutions are doing to integrate blockchain technology to keep up with the rising trend. From all the products and services being offered out there, what product or service would gain the most advantage with these developments?  Roll Eyes

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April 16, 2018, 10:27:20 PM
 #2

Here and there news reports are showing what the government and banking institutions are doing to integrate blockchain technology to keep up with the rising trend. From all the products and services being offered out there, what product or service would gain the most advantage with these developments?  Roll Eyes

American Council of Technology is now creating a playbook that will indicate "Assessment,” “Readiness,” “Selection,” “Implementation” and “Integration" to determine cases that can actually benefit from a blockchain solution.

Meanwhile, Bank of America may be looking into replacingsome of its existing data sharing systems with a blockchain.

These could mean a good growth on the cryptomarkets, plus a lot of potential roles that needs to be filled out to complete projects. For me, platforms offering education services will really take off because of this.


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April 16, 2018, 10:34:30 PM
 #3

FIC Network is an upcoming ICO that's doing exactly what you are talking about. They are focusing on institutions (already have a product with a few clients) to create a fixed income market for crypto. I think it's great they are focusing on big players first before retail investors as I think this will help adoption, and is also in general a better marketing strategy.
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April 16, 2018, 11:00:59 PM
 #4

we all know that blockchain technology is able to cut the cost and time it takes in cross-border banking transactions, which is why banks will benefit a lot from using blockchain technology.
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April 16, 2018, 11:57:08 PM
 #5

With this financial institutions and banks the blockchain is gaining popularity and building a new token under smart contracts maybe they target Rock token and Ethereum that you can build a project on the top of the blockchain. Same thing read their white paper so you could easily access their token.

ledu_ico (OP)
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April 17, 2018, 12:10:41 AM
 #6

we all know that blockchain technology is able to cut the cost and time it takes in cross-border banking transactions, which is why banks will benefit a lot from using blockchain technology.

True that!~

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April 17, 2018, 12:15:08 AM
 #7

With this financial institutions and banks the blockchain is gaining popularity and building a new token under smart contracts maybe they target Rock token and Ethereum that you can build a project on the top of the blockchain. Same thing read their white paper so you could easily access their token.

I see what you meant with Rock token. With a platform like this, and experts being developed in our Education Ecosystem to contribute in all these, we might eventually see a complete 360 degree and see banks and other larger institutions really open their arms to accept blockchain technology

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April 17, 2018, 12:41:18 AM
 #8

Here and there news reports are showing what the government and banking institutions are doing to integrate blockchain technology to keep up with the rising trend. From all the products and services being offered out there, what product or service would gain the most advantage with these developments?  Roll Eyes


banks will like to tie up with currencies like ripple (XRP)
while govt need to manage their data so they need tech to maintain public ledger on blockchain .
oneledger , shivom are such projects .

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April 17, 2018, 03:09:11 AM
 #9

Here and there news reports are showing what the government and banking institutions are doing to integrate blockchain technology to keep up with the rising trend. From all the products and services being offered out there, what product or service would gain the most advantage with these developments?  Roll Eyes

American Council of Technology is now creating a playbook that will indicate "Assessment,” “Readiness,” “Selection,” “Implementation” and “Integration" to determine cases that can actually benefit from a blockchain solution.

Meanwhile, Bank of America may be looking into replacingsome of its existing data sharing systems with a blockchain.

These could mean a good growth on the cryptomarkets, plus a lot of potential roles that needs to be filled out to complete projects. For me, platforms offering education services will really take off because of this.


I'm not sure if that will give a lot of impact to the cryptomarkets consider if US council of technology interested only to build a system that based on the blockchain. Until they will be taking the crypto seriously and consider crypto as one of the real potential development in the future and it will remain the same.

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April 17, 2018, 09:43:24 AM
 #10

The first advantage we get is access to buy and sell crypto can be easily done wherever we are. That means everyone will be more familiar with crypto and blockchain, becoming more popular and attracting newcomers or new investors.
I think the specific regulations for ico will be made and the new rules will select the best ico and also can reduce the scam ico, so investors can be calm and not afraid anymore to invest in ico.
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April 17, 2018, 10:48:51 AM
 #11

i honestly don't see any connection between the two!
in fact i believe the exact opposite of what you think can be true. meaning as the government and the banks get involved more with the blockchain technology they will also regulate the market and eliminate ICOs altogether and it means pretty soon all of the ICOs will fail instead of even reaching profit.

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April 17, 2018, 11:33:40 AM
 #12

i honestly don't see any connection between the two!
in fact i believe the exact opposite of what you think can be true. meaning as the government and the banks get involved more with the blockchain technology they will also regulate the market and eliminate ICOs altogether and it means pretty soon all of the ICOs will fail instead of even reaching profit.

I doubt that they could eliminate ICO, i mean they could do their own ICO with some regularities and investors will surely invest if the ICO were to be backed by government and banks. Surely that a lot of ICOs will fail because investor will look for something that has legit while other ICO are scam to begin with.
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April 17, 2018, 06:24:07 PM
 #13

The first advantage we get is access to buy and sell crypto can be easily done wherever we are. That means everyone will be more familiar with crypto and blockchain, becoming more popular and attracting newcomers or new investors.
I think the specific regulations for ico will be made and the new rules will select the best ico and also can reduce the scam ico, so investors can be calm and not afraid anymore to invest in ico.

Removing uncertainties from the people. Blockchain companies proving themselves with growth and innovation through marketing and product or service delivery and explaining how they can bring rewards for both consumers and investors.

There has been blockchain expos and more going forward to shed light and credibility. Tomorrow, there would be one in London where education ecosystem will be speaking on panel future of cryptofinance. 💰

ledu_ico (OP)
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April 17, 2018, 06:30:42 PM
 #14

Here and there news reports are showing what the government and banking institutions are doing to integrate blockchain technology to keep up with the rising trend. From all the products and services being offered out there, what product or service would gain the most advantage with these developments?  Roll Eyes

American Council of Technology is now creating a playbook that will indicate "Assessment,” “Readiness,” “Selection,” “Implementation” and “Integration" to determine cases that can actually benefit from a blockchain solution.

Meanwhile, Bank of America may be looking into replacingsome of its existing data sharing systems with a blockchain.

These could mean a good growth on the cryptomarkets, plus a lot of potential roles that needs to be filled out to complete projects. For me, platforms offering education services will really take off because of this.


I'm not sure if that will give a lot of impact to the cryptomarkets consider if US council of technology interested only to build a system that based on the blockchain. Until they will be taking the crypto seriously and consider crypto as one of the real potential development in the future and it will remain the same.

Government regulating this and that for cryptocurrency does show their skepticism about it. Who knows what their study will reveal to them. They might even find suppliers using blockchain technology will cost less fees with easier, quicker transactions and settlements.

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April 17, 2018, 06:57:52 PM
 #15

The one that can bridge the gap financially between government agencies and crypto projects. Not sure whether a bank or protocol would be better for this, but whoever can accomplish this first at scale will win heaps. Ripple seems to be the leader right now, but I know of at least 5 ICOs this year that plan to challenge them. Got my popcorn ready that much is for sure.

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April 17, 2018, 08:09:45 PM
 #16

This certainly is a very positive move and we have already seen so many countries showing interest to implement this technology in their banking and financial systems. If this somehow happens, then the banking coins like Herotoken and Africunia will definitely see a rise in their prices. Apart from that it would send a positive wave across entire market and we can see almost everything increasing in price.
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April 17, 2018, 08:49:17 PM
 #17

i honestly don't see any connection between the two!
in fact i believe the exact opposite of what you think can be true. meaning as the government and the banks get involved more with the blockchain technology they will also regulate the market and eliminate ICOs altogether and it means pretty soon all of the ICOs will fail instead of even reaching profit.
They will probably try to monopolize the market and dictate the prices, that's true. They would also probably eliminate volatility if they succeed, so investing into cryptocurrencies won't be so unpredictable anymore. Nevertheless, I don't think they'll even ban icos. This is just a common way of creating coins and tokens now. I bet if they launch their own it would also be via ico. I think the scammy icos will slowly die off, while more solid projects will appear. I think it's happening even now. I don't know about you, but it seems to me that there are a lot more interesting icos now than there were, say, a year ago. The gov's can regulate them and set strict rules for icos, but not ban them imo.

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April 17, 2018, 09:00:20 PM
 #18

I think if big banks will get into crypto, they will try to get a great share, big enough to heavily influence prices, probably make it less volatile, to reduce investment risks. This can actually become handy for ICOs, which can become and function as a modernized IPO.

Also, if big banks, or investors will get into crypto, it will reduce the fear and scepticism about it, and make people actually look after and read about the market, rather than just judging by the news. Because that is the main source of their information: news. Which can be (and plenty of times is) highly misleading.
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April 18, 2018, 10:05:21 PM
 #19

This certainly is a very positive move and we have already seen so many countries showing interest to implement this technology in their banking and financial systems. If this somehow happens, then the banking coins like Herotoken and Africunia will definitely see a rise in their prices. Apart from that it would send a positive wave across entire market and we can see almost everything increasing in price.

Its actually good that they are discussing the outlook of cryptofinance in the London Blockchain expo There are about five speakers that will tackle issues on regulations, Dr. Michael Garbade of the Education Ecosystem being one of them.

Major bank players should be there to get more information and be more open to how they can implement it.

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April 20, 2018, 07:25:26 PM
 #20

The permissioned blockchains of course. That's what governments and banks know as a system. But they will probable create their own. I don't think any of the existing coins will benefit much.
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