Most of you may have already know what ICO and Blockchain is, nevertheless I would like to explain again what they are and how they both need each other.
Lately there are too many ICOs being introduced which show positive growth in technology development. We should foremost research more on any ICO but not only through research alone as it also depends on the history of its developer and the ICO itself.
It's beyond prediction. I received a message from a friend of mine about an ICO which is currently being introduced in African nation known as CRYPTOGENE. You can check from their website at cryptogene.co
And I would like, for the first time, introduce you to the first ICO made in Malaysia called PITISCOIN.I don't want to further elaborate which please kindly research yourself at pitiscoin.com
Recently there are news from China that prohibit all ICOs in their country and the latest news was about exchangers instructed to shut down their operation. This is probably one of the reason why btc price has gone down. Is this prohibition realistic or can it be deprived of technologically? There are several countries which have issued statement to block all types of newly developed ICO which wish to be introduced, which raise question of whether such introduction move can ever be prevented?
I would like to flashback on what ICO is. ICO is a mean used to generate fund which is to be utilized in blockchain project development or its new application. A sum of new Digital Token can be produced and it can be exchanged with other Cryptocurrency such as Bitcoin,Ethereum bitshare,steem and etc.. This ICO concept is quite seemingly similar with IPO or Initial Public Offering, but in reality its entirely different. ICO is a new gem of the world of digital economy which benefit can be shared by public mass as it operates in absence of bereaucratic redtapes, middle man and costly service fee. The ICO owner themself hold responsibility on their respective ICO and it can be kept, sent, exchanged or liquidated at any time they wish to because it incorporates international trade standard and yet can only be sufficiently administered from the ICO's owner's mobile phone.
And what is Blockchain Technology?
Blockchain Technology is said to have been invented on White Paper by Satoshi Nakamoto with the idea of sharing dan spreading information that cannot be plagiarized or edited by any party: Based on such characteristics, Blockchain is known as decentralized system and an open ledger system, of which from the same idea gave birth to Bitcoin that has made it currently become world's number 1 trusted cryptocurrency.
Blockchain serves as an open database to all and every information is shared through its chain of participation known as node. This is what decentralized system is, no central server, no system owner and no system monitor.
I am still waiting when will nationality, marriage, tax, education, contract award and others to be Blockchain binded, can be introduced and lately there are too many ICOs introduced, which shows a very positively induced technological development. We should first research on any ICO but should not solely depend on such research as it should also be corroborated with the ICO's itself.
It is beyond prediction..
In my opinion blockchain should be introduced to every sector to assist in better management.
(This article is based on my experience and opinion)
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