Every day there are more news about what can, can, and must happen in the world of Crypto (CC) and Blockchain. There is investment, research, and many significant chats, but coins and projects are still not mainstream. They have not submitted an explosive change imagined. Many ideas are being discussed and developed, but no one gives results that change big games. What is needed is for large industrial players, such as IBM, Microsoft, and large financial services companies to continue to advance in developing useful blockchain applications – which all over the world cannot live without it.
Financial services are mature targets for Blockchain projects because the current banking system is still based on ancient ideas that have been loyal and painful, and because of this ancient system, they are expensive to be maintained and operated. Banks almost have good reasons to charge their high service costs – their system is inefficient. This system has many excessive data layers, because everyone involved with the transaction must have a detailed version of the transaction. And then there is a business to ensure that there are trusted third parties to delete all these transactions – need more versions of the same data. Blockchain technology accommodates promises to overcome these problems, because each transaction will be captured in just one block on the chain, and therefore is a distributed data base, security and built-in integrity and guaranteed. It may take time to build trust in this new system, given that the verification of Blockchain transactions is not a traditional clearing house used and believes in the current bank. Trust by banks in new technology will take time, and even more time will be needed for trust that drips into consumers.
Another company that might be ready to provide a large CC and Blockchain Boost is Amazon. It seems like Amazon gets ready to launch their own crypto currency. This is a company with good-sized state-sized income, and they are in a position to issue digital tokens that will be fully converted with other CC currencies, and Fiat too. This step will allow Amazon to:
The problem (Amazon) coins to appreciate and provide incentives to developers on their platforms
Coins to consumers for use for in-app purchases
Coins for game players for purchasing virtual goods in the game
Coin problems to regular customers as part of the loyalty program