Thursday 14 April 2016

Blockchain Press Releases Helping Out the Tech Reach to the Places

As the popularity of blockchain technology going up, the requirement for promotional is going up as well, particularly, for the organizations that are adapting to the new technology. This technology is all set to challenge the existing financial technology and therefore, it is important for organizations and governments to maximize the use for better.

Blockchain press releases are helping out the technology in itself to reach the audiences around the world. For instance, in a recent release, Wall Street’s bookkeeper announced that it had successfully tested blockchain technology to manage single-name credit default swaps (CDS) among four big banks: Bank of America Merrill Lynch, Citi, Credit Suisse, and JP Morgan.

Also read: Find out Reliable Bitcoin Brokers for Trading

Promoting the Financial Technology 


Over the decades, the need for more transparency has been a major demand from people and system as well. There are people who think to root out corruption, it is important to bring transparency in the financial transactions. Interestingly, transparency is where blockchain comes in.  In fact, the government of Haiti has started keeping land records in blockchain tech.

Needless to say the concept of the blockchain ledger was developed and popularized by virtual currency Bitcoin. Interestingly, on a blockchain ledger peer-to-peer transactions can be monitored by every entity that’s party to the ledger, theoretically resulting in more transparency and that is where the corruption can be tackled well.

Blockchain press releases can be used to promote the technology so that it reaches to the targeted people. For instance, the news that Silicon Valley has pushed the finance world to appropriate the blockchain concept to make more traditional transactions more efficient should have reached to larger audience had it been promoted well.

Why Blockchain Technology is Becoming Popular?


Reading several blockchain press releases from various organizations it emerges clear that blockchain technology is gaining popularity. According to The Wall Street Journal analysts at Autonomous Research believe that using blockchain could cut trading settlement costs by a third, or $16 billion a year, this is an amazing amount.

Thus, it can cut capital requirements by $120 billion. Now, you can imagine the kind of benefits it can bring along for the organizations. Needless to say such news should have been promoted using the blockchain press releases so that a larger group of people and companies can take advantage of. The organizations should be hired for promoting these releases as well.

Also read: Bitcoin Newsletter for Trading Tips

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