🔥🔥 GENERAL ELECTRIC invest in blockchain technology🔥🔥

peter0425

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Quote from: MainIbem on August 11, 2018, 01:33:32 PM

It is a welcomed development. But I would have preferred that they invest in an existing blockchain rather develop a new one specific to it's operation.

Why not?
You can to remember that they need to tailor made blockchain to their operation. And this blockchain is not public so this sort of news doesn't bring any impact in the crypto sphere specially bitcoin. But then again, others can't distinguish what bitcoin and blockchain is, they are totally different. So if you here, this company is adopting blockchain, it doesn't mean that they are accepting or embracing crypto just to be clear.

Docnaster

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General Electric are a vaporware company, I don't think they have even gotten anywhere close to achieving all the things they said they would with their electric cars, pretty much best to just assume that this news is vaporware too as nothing will come of it.

Mycrypto1222

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Quote from: AbduRRozzaqAbduLLah on August 13, 2018, 11:57:16 AM

Part of General Electric's Global Research team in Niskayuna, New York, Ben Beckmann and a small team are investigating how blockchain could figure into General Electric global operations.

As blockchain is riding an immense hype wave in cryptocurrencies technology and reforming the GIG economy, General Electric is building entire team and migrating it's services to unravel these potentials. .

Maybe they would reduce costs

AbduRRozzaqAbduLLah

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Part of General Electric's Global Research team in Niskayuna, New York, Ben Beckmann and a small team are investigating how blockchain could figure into General Electric global operations.

As blockchain is riding an immense hype wave in cryptocurrencies technology and reforming the GIG economy, General Electric is building entire team and migrating it's services to unravel these potentials. .

Jerrycryptofield

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I didn’t notice this news before and I didn’t get any date when the news published. And if it’s a reliable news it’s need to sspread`

pixie85

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Quote from: ?? on ??

Blockchain this Blockchain that, sure i guess it's okay due to helping spread awareness of use and trust in how Bitcoin works but it doesn't do much else for Bitcoin.

I agree. Using blockchain technology to secure your data won't do anything for cryptocurrencies and companies are doing their best to separate blockchain and bitcoin.
It's always the same boring narrative.
Do you guys invest in cryptocurrencies?
No we don't care about those internet money all we care about is blockchain. Virtual money is for anarchists and drug dealers!

jpnl0008

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the innovation in technology has given enough space for many industries to showcase what new ideas they have and also created room for them to bea part of the technology by adopting the blockchain framework and paradigm.

christysmile

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Quote from: avikz on August 12, 2018, 12:15:45 PM

Quote from: Mycrypto1222 on August 08, 2018, 09:37:19 AM

Hey guys, have you heared about this news? If not i recommend read this article: https://blockchainmuffin.com/general-electric-invest-in-blockchain-technology

The more prominent and reliable link is below,

https://www.ccn.com/126-year-old-general-electric-ge-invests-in-blockchain-cybersecurity-startup/

Quote from: Tapsee11 on August 12, 2018, 11:27:11 AM

Adoption of crypto by big companies is good for future. Hope others will also follow. Cheesy

Check the above link and understand the adoption idea. They are not adopting cryptos in any way, they are adopting blockchain technology in the areas of cyber security and one of the subsidiaries of GE is adopting blockchain in Freight transport sector. I don't see any mention of cryptos here. It is adoption of technology for better operating efficiency and transparency for the corporation.

Yeah there's a big difference between blockchain and crypto. Blockchain is simply the technology that crypto uses to make transactions. Just because a company uses it doesn't mean that it has any relevance to bitcoin. In fact, blockchain has many more applications than just transferring money around. It was just made famous through bitcoin, so famous in fact that some people use it as a nickname for bitcoin when it really isn't the same. It's like saying that a BMW is a "motor".

avikz

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Quote from: Mycrypto1222 on August 08, 2018, 09:37:19 AM

Hey guys, have you heared about this news? If not i recommend read this article: https://blockchainmuffin.com/general-electric-invest-in-blockchain-technology

The more prominent and reliable link is below,

https://www.ccn.com/126-year-old-general-electric-ge-invests-in-blockchain-cybersecurity-startup/

Quote from: Tapsee11 on August 12, 2018, 11:27:11 AM

Adoption of crypto by big companies is good for future. Hope others will also follow. Cheesy

Check the above link and understand the adoption idea. They are not adopting cryptos in any way, they are adopting blockchain technology in the areas of cyber security and one of the subsidiaries of GE is adopting blockchain in Freight transport sector. I don't see any mention of cryptos here. It is adoption of technology for better operating efficiency and transparency for the corporation.

Tapsee11

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Adoption of crypto by big companies is good for future. Hope others will also follow. Cheesy

Hozaim

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This is really a good step by the general electric. This is a giant electronics company and its investment in this technology will really add value to the whole system. This proves that world is understanding the importance of this technology.

MainIbem

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It is a welcomed development. But I would have preferred that they invest in an existing blockchain rather develop a new one specific to it's operation.

bitcoinminer566

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blockchain and cryptocurrency these are mainly electronic based , investment payment trading all for this are processed by electronic technology so I will consider it as a very normal thing but yes it very positive news that it is developing very soon and well

SladderyNewS

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Hopefully, adopting blockchain technology will give GE some advantage over their competitors and also make others in the industry opt for choosing blockchain to gain competitive advantage in the market. In return blockchain will see a mass adoption among such giants.

StringFire

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Having this kind of large company is one form of blessing for this crypto currency market. Perhaps they didn't share this officially in any of there reliable source. As IBM if they also join it will be great because of the acceptance this market will expand.

131tc01n

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Quote from: enhu on August 08, 2018, 09:47:44 AM

I don't see dates when this article was published.

Generally, cryptocurrency users are glad to have companies on board but with this type of market, these kind of news will just be ignored. Even if you announce google finally release the token of their own yet the price of the crypto isn't making a climb, that kind of news will just be a trash. Grin

If GE news is true though then good luck to them.

now the good news about crypto is also sinking, the popular news about crypto is now discussing that crypto will end and other bad news, whereas on the other hand crypto also has very good news but they don't look at it then the news sinks

DdmrDdmr

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There are lies, damned lies and statistics. MTwain

Actually, the referenced linked post (not the OP) is plagiarized with minute changes from this article written on the 24th of July 2018 on cnn.com: https://www.ccn.com/126-year-old-general-electric-ge-invests-in-blockchain-cybersecurity-startup. No wonder the above link is neither dated nor referenced.

As to the news itself, any corporation that can afford it invests in I+D, and blockchain technology is one of those areas to be on the lookout for and needs to be understood and tried, even if it is to ensure that no others gain a quick competitive use through it, and in the hope of doing it themselves if the opportunity arises.

Hishoutt

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GE is one of the participants in the series of fund raising for X age, a cyber-security start up. They saw big potential in block chain technology. They use the block chain technology to connect the industrial devices in IoT in a more secured manner. GE’s R&D department is also using block chain technology to connect consumers with renewable energy producers.

enhu

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I don't see dates when this article was published.

Generally, cryptocurrency users are glad to have companies on board but with this type of market, these kind of news will just be ignored. Even if you announce google finally release the token of their own yet the price of the crypto isn't making a climb, that kind of news will just be a trash. Grin

If GE news is true though then good luck to them.

Mycrypto1222

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Hey guys, have you heared about this news? If not i recommend read this article: General Electric invest in blockchain Technology

Topic: 🔥🔥 GENERAL ELECTRIC invest in blockchain technology🔥🔥 (Read 212 times)