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Tag Archives: Explained

The Sharing Economy, Explained

1. Put simply, this is where individuals share items or services, usually on the internet. Even if you haven’t heard the term, you’ll know about the phenomenon. Through countless apps and websites, it’s possible to rent things by the day or the week – even by the hour. Occasionally it’s free, but usually there’s a fee. For those doing the ...

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Dividend Tokens, Explained

1. There are many, let’s see. Due to the cryptocurrency boom, the terms “token”, “coin”, “initial coin offering” (ICO) and many others have become an integral part of the vocabulary of every trader and investor. Their use, however, is often shrouded in uncertainty and confusion. Here are the differences between the main types of tokens. Currency tokens. As the name ...

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How Blockchain Can Help You Earn On Your Data, Explained

2. This depends on their data use and privacy policies. Thankfully, many companies are starting to realize they need to become more transparent. Up until now, users of the biggest social networks have been expected to read thousands of words to understand how their data is used. And, let’s all be honest now, we don’t always read the terms and ...

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Innovation Marketplaces, Explained

4. Prices are low since platforms cut out the middleman. Traditionally, inventors and manufacturers of new products have needed large marketing budgets and business savvy to reach their buyers. In addition, they need to freeze substantial financial resources in “accounts receivable” with long-term payouts and allocate large budgets to storage, fulfillment, etc. Due to such challenges, many innovative product owners ...

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How to Decentralize Travel Monopolies, Explained

1. Travel monopolies include the likes of Airbnb.com, Expedia, and Booking.com.   These are platforms that may have been considered “decentralized” in the past, but a further look sees that they are far from it. Before online booking, brick and mortar travel agencies were the most popular way to book flights and accommodations. Big hotel companies had the advantage to ...

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How Banking Institutions Can be Decentralized, Explained

3. P2P, Blockchain, cryptocurrencies, Machine Learning, Big Data and smart contracts are used in crypto banking.   P2P. Participants are private users, not banking institutions. The crypto bank links a borrower that meets the correct credentials to a lender. P2P takes away many of the bureaucratic processes that centralized banks need to go through when approving a loan. Blockchain. All ...

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What is a DAICO, Explained

5. It puts more control in the hands of investors.   Contributors have much more to say and influence in the development stage of the project. If they are not happy with how the project is progressing, they can set the contract to withdraw and get a refund. This completely mitigates the risk of scam ICOs where developers hold a ...

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