The nature of the modern world is that everything must be fast, everything must be accessible, and it must be on-the-go. Even complicated technologies such as Blockchain are forced into these mega-trends. Yet as recent times are showing, they are embracing these aspects in startling fashion. Maximize Decentralization, Improve Efficiency
Bitcoin’s underlying technology, the Blockchain, has entered a new era of mass adoption. The world’s leading financial institutions, banks , technology startups , stock exchanges and multi-billion dollar corporations have begun to implement the blockchain technology onto their existing platforms to maximize decentralization and improve their efficiency.
The exponential growth of the blockchain technology coincides with the massive advancement in smartphone adoption. Since early 2014, as emerging new generation smartphone manufacturers in China and the Southeast Asian region began to offer affordable smartphones that are nearly 90% than premium smartphones in the market, the smartphone adoption rate in both developed and developing economies have increase at an explosive rate. According to the GSMA mobile economy report, the smartphone adoption rate of European countries reach around 50~60% on average and even the developing countries in the Southeast Asian region recorded nearly 20% smartphone adoption rate in 2015.
Digital currency , technology and blockchain startups quickly took advantage of this massive growth of smartphone adoption rate and have begun to introduce mainstream applications developed using the blockchain technology. One of the most popular and highly anticipated blockchain applications is the decentralized ride sharing application, La’Zooz. La’Zooz
Since its launch in September 2015, La’Zooz, the decentralized proof-of-movement ride sharing application has been praised by the cryptocurrency community for its implementation of the blockchain technology in developing a hybrid application for mainstream users.
The startup combined the successful model behind the US$51 billion ridesharing application Uber with its own unique mining protocol which incentivizes early […]
