In this week's episode of Building the Blockchain, Dave and Andrew will address the importance of partnerships for ICOs. Many ICOs are vying for prominent partnerships, but few blockchains are able to effectively land and market those partnerships. This week, the hosts will discuss some good examples of partnerships in blockchain and what makes those partnerships successful.
Dave and Andrew break down the partnership between IBM and Stellar. They talk about how IBM is going to affect the blockchain overall. What this partnership means for Stellar along with the differences between Stellar and Bitcoin. Andrew breaks down the Indian sector where Stellar is partnering with a banking group. They talk about the rate in which these partnerships are being formed. They even break down another partnership between Stellar and Deloitte. They wrap up the segment with a discussion on how financial transactions can be traced by the blockchain.
They then talk about partnerships in the blockchain are affecting businesses in a social aspect as well as what parts of the businesses are legitimized through the partnerships. They then go into the social aspects that are affected in crypto-currencies. Dave gets into why it is important to explore other crypto-currencies and goes in depth on Stellar’s crypto-currency coin with Andrew.
Andrew on the social effect of partnerships in the blockchain: “Partnerships are giving blockchains legitimacy.”
Dave and Andrew discuss other notable partnerships such as the ones from Rippple, Bitcoin and Ethereum. Andrew defines what mining is and how to mine currencies such as Bitcoin and the different types of mining that one can do. He also breaks down the transaction speeds and how they affect mining and the blockchain in general. They also talk about the difference between developed and under-developed countries in utilizing blockchain technology.
On this week's segment of Blockchain Revolution, the two will discuss oBike, the Singapore-based bike sharing platform. Late last year, oBike partnered with TRON and accepts TRX on the oBike network. We will discuss that partnership and how blockchain added to oBike's company.