Blockchain is expected to make transaction faster and safer. The core of blockchain is its token. These tokens are traded on most of the crypto-exchanges. More and more exchange come to cryptocurrency world, providing new feature and benefits to the communities. As it is the core of blockchain, to democratize every traditional system. A lot of blockchains with specific objective have been making cryptoworld more crowd and intense.
Most traditional system like insurance, heathcare, media, banking etc now can be found on blockchain. Take this as the example:
Insurance in the blockchain : PolicyPal Insurance ($PAL), Aigang Network ($AIX), ...
Healthcare in the blockchain : Medibloc ($MED), MedicalChain ($MTN), Docademic ($MTC), ...
Media in the blockchain : Content Net Neutrality ($CNN), Primas ($PST), ...
Banking in the blockchain : Crypterium ($CRPT), Bankex ($BKX), TradeToken ($TIO), ...
All of these are aimed to make our world better.
$PAL, provides flight delay insurance (
https://medium.com/@policypalnet/ama-session-2-with-policypal-singapore-and-policypal-network-ceo-and-founder-val-yap-de7d31d8b9c4), healthcare insurance, more to come...
$MED, provides personal medical record on blockchain, so you don't have to re-examine or re-scan your body if it is not necessary..
$CNN and $PST, build a network, where you will be rewarded to report hoax..
$CRPT, $BKX provides you a fast payment in crypto.
Trade.ioWhat takes my interest in TradeToken ($TIO). Looking from their website, they had a successful ICO in 2017, acquired more than $30 million, and now just launched their very highly anticipated exchange, which is built combined by community ideas. Do check and register at trade.io. Consist of financial and banking veteran's people, trade.io is not only an exchange, they are a modern financial services firm. This means, now small company can launch their ICO if they pass banking-high qualification by trade.io. Also, other asset classes such as forex, commodities and others will follow in due course, making trade.io a ‘one-stop-shop’ for traders of all experience levels.
Plus, the only unique feature on crypto-exchange, the Liquidity Pool is on trade.io. This underline the objective of blockchain industry.
To democratice the traditional financial system. With the Liquidity Pool(LP), everyone can participate in it by holding the tokens, to be shared 50% of LP's profits.
What we can understand from this situation is the room for blockchain to grow is huge. With more technologies getting involved in blockchain, we are sure that future will be good to us.
It is also important we know that Blockchain’s popularity and use continues to accelerate. “No one was talking about it before 2008,” L. Gary Boomer, CPA/CITP, CGMA, Strategist with Boomer Consulting, said in an interview with Journal of Accountancy. “Then in 2013, we started to see the rise of bitcoin, a blockchain consortium in 2015, and proof of concept in 2016.” Boomer expects that blockchain may begin to replace legacy accounting systems around 2023.
So now is a great time to learn all you can about this exciting new technology which can change how companies operate and how financial audits are performed.