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David Drake, Contributing Journalist.Reach him directly at

Will the Gaming Industry be the Next Big Frontier for Blockchain Adoption?

  By David Drake   Initially designed to power bitcoin, blockchain technology has spawned a wide range of uses hitherto not conceivable to many. Today, the technology has found application in almost all aspects of our daily lives, from healthcare, shipping, finance, to education, entertainment and much more, to earn the term ‘the Internet of Value’. Beyond these sectors, the technology is also gaining traction in the gaming industry.  Estimated to be worth more than $138 billion as of 2018, forecast shows that this industry will experience an annual growth rate of 13%. It’s further estimated that 70% of American population are gamers. Going by these statistics, it is evident that gaming is not just for leisure, but it is a huge industry that generates substantial revenue. However, a challenge that this industry faces and one that can be addressed through active governance and impact investing, is that most of ... Read More »

Will the Gaming Industry be the Game Changer in Blockchain Adoption?

  By David Drake   Adoption of blockchain technology has been rising gradually in different sectors. Beyond the financial sector, several companies in the logistics, shipping, legal and manufacturing sector have started applying the technology to develop innovative solutions to problems they face. But it is the gaming industry that has recently emerged as a strong blockchain adopter. Increasingly, gaming firms are embracing the technology as a way to attract their online communities, distribute content and even products. The most recent entrant is Australia-based video games developer that has partnered with HashCash Consultants to roll out crypto exchange and tokenization services for the gaming industry. Growth Potential Over the years, gaming has grown to become a worldwide industry with popularity across the board.  This wide acceptance emanates from the fact that gaming is widely available and its ease of use both, on mobile phones and online platforms. This has seen ... Read More »

Why Crypto Exchange Trading Volumes are Down, but Not Out

  By David Drake   The cryptocurrency industry was largely affected in 2018 after its market capitalization dropped to $127 billion in December, from a high of $741 billion recorded at the start of the same year. Its most dominant coin, Bitcoin, shed over 74% of its value in the same period to close the year at about $3892. Similarly, funds raised through initial coin offerings (ICOs) throughout 2018 spiraled downward. This downward trend seems to have affected majority of the industry’s facets. According to a report released by cryptocurrency and blockchain research firm, Diar, cryptocurrency exchanges are also feeling the pinch. Trading Volumes Cryptocurrency exchanges experienced a significant drop in trading volumes in January of this year. The largest crypto exchange by trade volume, Binance, experienced over 40% drop in trading volumes, especially in its popular BTC/USD market where about  $3 billion was traded. Likewise, Coinbase and Gemini crypto ... Read More »

How Swiss Private Banks are Leading the Way in Offering Crypto-related Services

  By David Drake   Predictions of a better 2019 are rife in the crypto space as enthusiasts remain optimistic. Sonny Singh, the Chief Commercial Officer of Bitpay in a recent interview with Bloomberg predicted the possibility of bitcoin hitting highs of around $15,000 – $20,000 before Thanksgiving Day, 2019. Another cryptocurrency enthusiast, Ronnie Moas, has predicted a much higher price increase of up to $28,000 during the year. However, going by performance analysis of bitcoin prices as of January, 2019, this does not reflect the sentiments held by most crypto enthusiasts. According to CoinMarketCap, the price of bitcoin marginally fluctuated downwards from $3865 at the end of December 2018 to $3595 in January 2019. The Basis The positive forecasts of cryptocurrency performance must have valid foundations to back them up. Already, there are signs of increased acceptance of cryptos in the banking sector and other traditional industries. For starters, ... Read More »

How Blockchain-based Platform, Tradelens is Transforming the Shipping Industry

  By David Drake   After months of collaboration, starting June 2016 between IBM and Maersk shipping company, Tradelens blockchain shipping platform was launched in August of 2018. This launch marked the opening and commercialization of the platform for wider industry infiltration. According to IBM and Maersk, Tradelens will solve problems peculiar to the shipping industry such as too much paperwork, inefficient clearance processes and cumbersome peer-to-peer messaging that often results in high operational costs. Despite the attractive potential of TradeLens, most industry players were skeptical to join the platform at first as they viewed it as an extension of Maersk operations. This meant it would not be open and neutral to other stakeholders. Confirming this perception, the head of IBM Tradelens, Marvin Erdly admitted to CoinDesk that the platform was struggling to get sign ups from other shipping carriers two months down the line. A Win for All This ... Read More »

Can the Transport and Logistics Sectors Take the Lead in Blockchain Mass Adoption?

  By David Drake   Whenever blockchain technology is mentioned, it is highly probable that the financial sector is the first thing that comes to mind. But the distributed ledger technology is making significant headways in other sectors and one of the sectors that is reaping benefits from adopting this technology is supply chain. As trade continues to grow, the supply chain continues to become complex. This stems from the growing number of players in the chain resulting to numerous transactions going back and forth. Such inefficiencies lead to increased time lags, overbookings and, in some  instances, no-shows where communication lines become faulty. This is especially so in the busy shipping industry. Generating Value To increase efficiency in the supply chain space, IBM partnered with Maersk to develop a blockchain-based digital platform known as Tradelens, which major players in the transport space continue to adopt. Spanish port, Authority of the ... Read More »

NOIZ Chain: The Evolution of Personal and Business Data into Secured and Monetized Digital Assets

  By David Drake   With the proliferation of social media sites and applications where communication, data, and content sharing gets to be fast, easy and eventually monetized, the risk of personal and business data leak has also become imminent.  Data and information breach and fraud has become bywords, thus the need for data and information security companies and custodian. I recently met with Andy Ann, the CEO of NOIZ,  a company that not only safeguards data and digital assets but also allows their owners to monetize them. “NOIZ is a data custodian and digital asset transfer platform that provides consumers control over their data and privacy. This means having control over the media targeted to you online while also giving you the ability to monetize your data,” Andy says. He further adds, “Using blockchain, NOIZ puts you in control of your advertising and content delivery. As a consumer, this means ... Read More »

Major Spanish Port Latest to Use Blockchain in Shipping

  By David Drake   The Port Authority of the Bay of Algeciras (APBA), a major Spanish shipping port, recently signed up to use the Tradelens, the shipping platform developed by IBM. Tradelens was developed in conjunction with Maersk, the international logistics giant. Shipping and logistics are considered low hanging fruits when it comes to early adoption of blockchain-based features into daily operations. Retail giants such as Walmart and Carrefour have ramped up their supply chain management using blockchain, and with APBA coming onboard, this could mean broader adoption of this burgeoning technology. Many logistic companies have already begun using blockchain. APBA processes over 70 million tons of cargo annually, which equates to approximately 4 million containers. It is one of the top 10 busiest ports throughout Europe, and blockchain is meant to make tracking of its huge loads of cargo a lot easier. Increasing Efficiency These port companies are ... Read More »

How Falcon Private Bank is Making Crypto Transfers and Fiat Conversions Possible

  By David Drake   Falcon Private Bank, a Switzerland-based bank, has announced that it now has a system that supports the direct transfer and storage of selected cryptocurrencies. The bank has introduced digital wallets called ‘Falcon Wallets’ that allow institutional and private customers to transfer cryptocurrencies as well as convert them to fiat. The digital coins that are currently supported by the bank are Bitcoin, Bitcoin Cash, Litecoin, and Ethereum. In doing so, Falcon Bank has made these digital assets ‘fully bankable’ according to the report published on January 21. It has officially recognized them as virtual assets and even plans to include them in tax documents and portfolio statements. According to Martin Keller, CEO of the Falcon Private Bank, noted that by merging innovative financial solutions with conventional banking services, the bank has once again demonstrated its expertise and positioned itself as a leader in the virtual assets ... Read More »

MIT Review: Why this Leading Tech Institution Says Blockchain Will Go Mainstream this Year

  By David Drake   After a difficult 2018, the cryptocurrency industry is expected to recover after a tech review done by the Massachusetts Institute of Technology (MIT) predicted that blockchain is likely to go mainstream this year. This prediction is a departure from the reports highlighted by Boston Consulting Group (BCG) and Forrester Research last year. In its report, BCG suggested that the potential of blockchain in the commodity trading industry was being overhyped. According to the consulting group, trade volumes that were being run on blockchain were minimal. This made it challenging to estimate how long it would take for the technology to go mainstream in the commodity trading space. On its part, the report by Forrester Research predicted that most blockchain projects initiated in the US would be put on hold by the end of 2017. At the same time, the report indicated that companies that had ... Read More »

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