If a message is encrypted with a specific public key, only the owner of the paired private key can decrypt and read the message. The reverse is also true: If you encrypt a message with your private key, only the paired public key can decrypt it. When David wants to send bitcoins, he needs to broadcast a message encrypted with the private key of his wallet. As David is the only one who knows the private key necessary to unlock his wallet, he is the only one who can spend his bitcoins. Each node in the network can cross-check that the transaction request is coming from David by decrypting the message with the public key of his wallet.
Will online education disrupt the incumbents’ model? And if so, when? In other words, will online education’s trajectory of improvement intersect with the needs of the mainstream market? We’ve come to realize that the steepness of any disruptive trajectory is a function of how quickly the enabling technology improves. In the steel industry, continuous-casting technology improved quite slowly, and it took more than 40 years before the minimill Nucor matched the ​revenue of the largest integrated steelmakers. In contrast, the digital technologies that allowed personal computers to disrupt minicomputers improved much more quickly; Compaq was able to increase revenue more than tenfold and reach parity with the industry leader, DEC, in only 12 years.
Teams holding ICOs have yet to collaborate with regulators to develop strong legal frameworks, and state bodies continue to grapple with the question of how to regulate inherently decentralized protocols. And, given that major cryptocurrencies (like bitcoin) have often been used for illicit black-market transactions, regulatory clarity could be an uphill battle.
The term disruptive technology is probably most frequently used to describe gadgets and electronics, but it can also apply to concepts and services. Twenty years ago, the world had never heard of online shopping, microlending, subscription video services (first for DVDs and then streaming video), or crowdfunding like the kind facilitated through sites such as Kickstarter, GoFundMe or IndieGoGo. Of course, most people weren't yet familiar with the Internet, either.
Watson worked with the Tech Foresight team at Imperial College London and used an ex-BBC researcher to source the companies and was surprised by the dominance of the US; "It's incredible. There is almost a total absence of UK companies...the multiple appearances of Apple, Google, Facebook and Musk is interesting." The latter point may simply be doing to media reporting biases but still, the number of mentions is high even without Chinese and other startup hubs around the world seeing a look in.
In 2016, one such experiment, the Ethereum-based DAO (Decentralized Autonomous Organization), raised an astonishing $200 million USD in just over two months. Participants purchased “DAO tokens” allowing them to vote on smart contract venture capital investments (voting power was proportionate to the number of DAO they were holding). A subsequent hack of project funds proved that the project was launched without proper due diligence, with disastrous consequences.  Regardless, the DAO experiment suggests the blockchain has the potential to usher in “a new paradigm of economic cooperation.”
Disruption is the process whereby a small company with few resources successfully challenges a larger established incumbent business or invents entirely new markets. Often times, larger incumbent businesses are focused on their largest and most demanding customers, which opens the door for disruptive companies to target overlooked customer segments and gain a foothold. These incumbents often fail to respond very quickly to the new threats, and disruptive companies eventually move upstream and cannibalize more customer segments over time.
A sleeping giant in this conversation is the effect smart contracts could have on the Internet of Things. Think about all the data smart devices collect. Fitness trackers collect your body's vital statistics. Thermostats collect temperature data. Alexa has records of every search and request you've ever asked of her. If the IoT ran on a blockchain, and smart contracts governed that real-time data, it could create a whole new class of lending and other usage-based agreements, according to Erin Fonte, Head of the Financial Services Regulatory and Compliance Practice Group at corporate law firm Dykema.
Investing in real estate: Investing in real estate offers more passive income cash potential - but more risk - than investing in stocks or bonds. You'll need substantial amounts of cash to invest in buying a home -- it usually takes 20% down to land a good home mortgage loan. But history shows that home prices usually rise over time, so buying home a for $200,000 and selling it for $250,000 over a five-year time period, for example, is a reasonable expectation when investing in real estate.
Jump up ^ Epstein, Jim (6 May 2016). "Is Blockchain Technology a Trojan Horse Behind Wall Street's Walled Garden?". Reason. Archived from the original on 8 July 2016. Retrieved 29 June 2016. mainstream misgivings about working with a system that's open for anyone to use. Many banks are partnering with companies building so-called private blockchains that mimic some aspects of Bitcoin's architecture except they're designed to be closed off and accessible only to chosen parties. ... [but some believe] that open and permission-less blockchains will ultimately prevail even in the banking sector simply because they're more efficient.
The anonymity of cryptocurrencies come from the fact that your public key is just a randomized sequence of numbers and letters — so you are not literally signing with your own name or some sort of handle. A public key doesn’t tell you the real identity of the person behind it. You are also more or less free to generate as many key pairs as you want and have multiple cryptocurrency wallets. Be warned though, there could be other ways someone can figure out your identity — for example, through your spending habits.

Natural language processing, related to deep learning, is the science of teaching computers to recognize human language (speech and writing). Early search engines like Ask Jeeves encouraged users to type their questions using natural speech as opposed to just searching for key terms related to their request and hoping for the best. Now, every major company’s AI chatbot, including Amazon’s Alexa, Google’s Assistant, Apple’s Siri, and Microsoft’s Cortana, relies on natural language processing to understand user requests and return relevant results. And as more and more devices become connected, the number of things the average consumer can talk to will only rise.

With those explanations in hand, the theory of disruptive innovation went beyond simple correlation to a theory of causation as well. The key elements of that theory have been tested and validated through studies of many industries, including retail, computers, printing, motorcycles, cars, semiconductors, cardiovascular surgery, management education, financial services, management consulting, cameras, communications, and computer-aided design software.
Neptune Dash builds and operates the Dash Masternodes, which the company says is digital currency created to meet some of bitcoin’s scaling challenges. The functions of the Dash Masternodes on the Dash Blockchain include: private peer-to-peer transactions between parties; serving as a government function, voting on treasury disbursements of the Dash-block reward assigned to the Dash DAO (Decentralized Autonomous Organization) and providing transactions that are processed almost immediately on the Dash Blockchain.
It seems the blockchain revolution is in full swing. Over the course of a one-year period, Google search requests for the keyword “blockchain” have increased by 250%. The U.S. Senate recently had a public discussion about the blockchain's most prominent application, cryptocurrency. And several public entities have added “blockchain” to their company name. So what’s all the hype about? What is blockchain and how will businesses benefit from it?
Because disruptive technology is new, it has certain advantages, enhancements and functionalities over competitors. For example, cloud computing serves as a disruptive technology for in-house servers and software solutions. It has slowly been adopted by organizations and individuals with the main objective of completely removing traditional computing.
Numerous stock and commodities exchanges are prototyping blockchain applications for the services they offer, including the ASX (Australian Securities Exchange), the Deutsche Börse (Frankfurt’s stock exchange) and the JPX (Japan Exchange Group). Most high profile because the acknowledged first mover in the area, is the Nasdaq’s Linq, a platform for private market trading (typically between pre-IPO startups and investors). A partnership with the blockchain tech company Chain, Linq announced the completion of it its first share trade in 2015. More recently, Nasdaq announced the development of a trial blockchain project for proxy voting on the Estonian Stock Market.
The current theoretical understanding of disruptive innovation is different from what might be expected by default, an idea that Clayton M. Christensen called the "technology mudslide hypothesis". This is the simplistic idea that an established firm fails because it doesn't "keep up technologically" with other firms. In this hypothesis, firms are like climbers scrambling upward on crumbling footing, where it takes constant upward-climbing effort just to stay still, and any break from the effort (such as complacency born of profitability) causes a rapid downhill slide. Christensen and colleagues have shown that this simplistic hypothesis is wrong; it doesn't model reality. What they have shown is that good firms are usually aware of the innovations, but their business environment does not allow them to pursue them when they first arise, because they are not profitable enough at first and because their development can take scarce resources away from that of sustaining innovations (which are needed to compete against current competition). In Christensen's terms, a firm's existing value networks place insufficient value on the disruptive innovation to allow its pursuit by that firm. Meanwhile, start-up firms inhabit different value networks, at least until the day that their disruptive innovation is able to invade the older value network. At that time, the established firm in that network can at best only fend off the market share attack with a me-too entry, for which survival (not thriving) is the only reward.[6]

However, this comes back to the old discussion of pain versus pleasure. We will always do more to avoid pain than we will to gain pleasure. When our backs are against the wall, we act. When they're not, we relax. The truth is that the pain-versus-pleasure paradigm only operates in the short term. We'll only avoid pain in the here and now. Often not in the long term.
In mid-January, 360 Blockchain announced it had completed its 60 percent acquisition of the issued and outstanding shares of SV CryptoLab, with the option of purchasing the remaining 40 percent for $75,000. In more recent news, the company announced on March 20 that it had begun a cryptocurrency hedging development program through its majority-owned subsidiary, SV Cryptolab, which will be focused on blockchain solutions for hedging cryptocurrency against price deadlines. On that note, the company announced on May 7 that it had increased its ownership in the SV Cryptolab to 80 percent.
With those explanations in hand, the theory of disruptive innovation went beyond simple correlation to a theory of causation as well. The key elements of that theory have been tested and validated through studies of many industries, including retail, computers, printing, motorcycles, cars, semiconductors, cardiovascular surgery, management education, financial services, management consulting, cameras, communications, and computer-aided design software.
The blockchain network lives in a state of consensus, one that automatically checks in with itself every ten minutes.  A kind of self-auditing ecosystem of a digital value, the network reconciles every transaction that happens in ten-minute intervals. Each group of these transactions is referred to as a “block”. Two important properties result from this:
Investing in a business: Another good way to generate passive income is to invest in a business --even a small one -- in return for a percentage of the profits - just like Shark Tank, only smaller. Lending $10,000 to a local business that, for example, is working on a mobile app for Apple phones could lead to a passive income-generated share of the profits when that mobile app starts selling like hot cakes.

Ethereum is essentially a blockchain platform that specializes in smart contracts. It has a digital coin known as ether linked to it. This is the world’s second-largest cryptocurrency by value. Like bitcoin’s blockchain, Ethereum’s is also public. Think of how companies like Apple and Google release software developer kits to allow people to build apps on their various platforms. Ethereum does something similar, allowing people to build “decentralized apps” on its platform, leveraging its blockchain and potentially using the digital coin ether to power their product.

Developing digital identity standards is proving to be a highly complex process. Technical challenges aside, a universal online identity solution requires cooperation between private entities and government. Add to that the need to navigate legal systems in different countries and the problem becomes exponentially difficult. E-Commerce on the internet currently relies on the SSL certificate (the little green lock) for secure transactions on the web. Netki is a startup that aspires to create an SSL standard for the blockchain. Having recently announced a $3.5 million seed round, Netki expects a product launch in early 2017.
Blockchain's removal of almost all human involvement in processing is particularly beneficial in cross-border trades, which usually take much longer because of time-zone issues and the fact that all parties must confirm payment processing. Blockchain systems can set up smart contracts or payments triggered when certain conditions are met. The blockchain cotton transaction mentioned above, for example, used a smart contract that automatically made partial payments when the cotton shipment reached specific geographic milestones.
We are at a turning point in human history, where we are seeing a confluence of many innovative and disruptive technologies that in conjunction, will bring about a tsunami of change. Disruptive technologies such as AI, robotics, IoT and blockchain have the potential of transforming economic structures, business models, companies and jobs. Organizations need to consider preparing for these disruptive technologies and massive changes in ways that are different from previous approaches to handling emerging technologies. We are approaching the post-digital transformation era and inching towards the rise of the 4th platform, where it might not be sufficient to create technology innovation centers within the organization, invest in a proof of concept or pilot projects to experiment with new technologies.
Digitalx is in the early stages according to its market cap, but has major potential due to its collaboration with Telefonica and the innovative use of Airpocket – particularly in a market like Latin America. TIO Networks, like Sia Tech, has the potential to shake up the cloud market – in particular when it comes to pricing and security, both clouds offer clear advantages over Amazon S3, Google Cloud and Microsoft Azure.
The third quadrant contains applications that are relatively low in novelty because they build on existing single-use and localized applications, but are high in coordination needs because they involve broader and increasingly public uses. These innovations aim to replace entire ways of doing business. They face high barriers to adoption, however; not only do they require more coordination but the processes they hope to replace may be full-blown and deeply embedded within organizations and institutions. Examples of substitutes include cryptocurrencies—new, fully formed currency systems that have grown out of the simple bitcoin payment technology. The critical difference is that a cryptocurrency requires every party that does monetary transactions to adopt it, challenging governments and institutions that have long handled and overseen such transactions. Consumers also have to change their behavior and understand how to implement the new functional capability of the cryptocurrency.
Bob spread his spreadsheet diary over 5,000 computers, which were  all over the world. These computers are called nodes. Every time a transaction occurs it has to be approved by the nodes, each of whom checks its validity. Once every node has checked a transaction there is a sort of electronic vote, as some nodes may think the transaction is valid and others think it is a fraud.
Disruptive innovations tend to be produced by outsiders and entrepreneurs in startups, rather than existing market-leading companies. The business environment of market leaders does not allow them to pursue disruptive innovations when they first arise, because they are not profitable enough at first and because their development can take scarce resources away from sustaining innovations (which are needed to compete against current competition).[6] A disruptive process can take longer to develop than by the conventional approach and the risk associated to it is higher than the other more incremental or evolutionary forms of innovations, but once it is deployed in the market, it achieves a much faster penetration and higher degree of impact on the established markets.[7]
The dot-com bubble of the 1990s is popularly viewed as a period of crazy excess that ended with hundreds of billions of dollars of wealth being destroyed. What’s less often discussed is how all the cheap capital of the boom years helped fund the infrastructure upon which the most important internet innovations would be built after the bubble burst. It paid for the rollout of fiber-optic cable, R&D in 3G networks, and the buildout of giant server farms. All of this would make possible the technologies that are now the bedrock of the world’s most powerful companies: algorithmic search, social media, mobile computing, cloud services, big-data analytics, AI, and more.
While Seagate’s attention was glued to the personal-computer market, former employees of Seagate and other 5.25-inch drive makers, who had become frustrated by their employers’ delays in launching 3.5-inch drives, founded a new company, Conner Peripherals. Conner focused on selling its 3.5-inch drives to companies in emerging markets for portable computers and small-footprint desktop products (PCs that take up a smaller amount of space on a desk). Conner’s primary customer was Compaq Computer, a customer that Seagate had never served. Seagate’s own prosperity, coupled with Conner’s focus on customers who valued different disk-drive attributes (ruggedness, physical volume, and weight), minimized the threat Seagate saw in Conner and its 3.5-inch drives.
Once this basic infrastructure gained critical mass, a new generation of companies took advantage of low-cost connectivity by creating internet services that were compelling substitutes for existing businesses. CNET moved news online. Amazon offered more books for sale than any bookshop. Priceline and Expedia made it easier to buy airline tickets and brought unprecedented transparency to the process. The ability of these newcomers to get extensive reach at relatively low cost put significant pressure on traditional businesses like newspapers and brick-and-mortar retailers.
If you have the means and inclination to invest in a blockchain startup, this probably isn’t your first rodeo. So like any other investment, do your research and due diligence, but mostly make sure the company is using blockchain for blockchain reasons, and what they’re doing is trying to find a solution for an existing difficult problem, not trying to find a problem to which they can apply a temporarily lucrative solution.

For the past 20 years, the theory of disruptive innovation has been enormously influential in business circles and a powerful tool for predicting which industry entrants will succeed. Unfortunately, the theory has also been widely misunderstood, and the “disruptive” label has been applied too carelessly anytime a market newcomer shakes up well-established incumbents.

In simple terms, a blockchain can be described as an append-only transaction ledger. What that means is that the ledger can be written onto with new information, but the previous information, stored in blocks, cannot be edited, adjusted or changed. This is accomplished by using cryptography to link the contents of the newly added block with each block before it, such that any change to the contents of a previous block in the chain would invalidate the data in all blocks after it.
"As the volume of the conversation around 'disruptive technologies' increases, it becomes harder to separate the signal from the noise. Paul Armstrong's approach is both accessible and practical, enabling anyone facing disruption (i.e. all of us) to better understand how they might respond. It's a great read for anyone wanting a primer in how to navigate tomorrow's world." (Henry Mason, Managing Director, TrendWatching)
Consumers increasingly want to know that the ethical claims companies make about their products are real. Distributed ledgers provide an easy way to certify that the backstories of the things we buy are genuine. Transparency comes with blockchain-based timestamping of a date and location — on ethical diamonds, for instance — that corresponds to a product number.
Photography Digital photography Chemical photography Early digital cameras suffered from low picture quality and resolution and long shutter lag. Quality and resolution are no longer major issues in the 2010s and shutter lag issues have been largely resolved. The convenience of small memory cards and portable hard drives that hold hundreds or thousands of pictures, as well as the lack of the need to develop these pictures, also helped make digital cameras the market leader. Digital cameras have a high power consumption (but several lightweight battery packs can provide enough power for thousands of pictures).
It's not just the currency's stomach-churning volatility that turns some people off from investing in bitcoin. The lack of regulation or palpable value behind the currency causes many people to consider bitcoin somewhat akin to Monopoly money. On the other hand, the blockchain technology behind bitcoin has a chance to be disruptive across so many different industries and investors might be more willing to get behind that.

I can see that blockchain has at least one vulnerability. Sure – decentralization and reconciliation with encryption is fine. But the one vulnerability is the interconnecting network. You foul that up and your blockchain paradigm is now vulnerable. Each node could then be compromised so that reconciliation is impossible. Blockchain does not accomodate the vulnerabilities of the infrastructure which it is using.

Once you understand what a blockchain is and how it works, the next question an everyday tech user would have is how it'll affect them. If you're not a business that's building a blockchain-based product or service, why should you care? As Don Tapscott explained it in Blockchain Revolution and in a 2016 TED Talk of his own, it's because blockchain brings us from the Internet of information into the "Internet of value." From his TED talk:
At a time in America when the integrity of our voting process is under intense scrutiny, blockchain—as with every manifestation of the technology laid out in this feature—could provide a new way forward. The book points to a 2015 paper published by the University of Athens introducing DEMOS, an end-to-end e-voting system, and an organization and "political app" in Australia called Flux that's already using blockchain voting to try to transform the political process. When I spoke to Don Tapscott for this story, he discussed how the opportunity to "reinvent democracy" speaks to the universal power of what blockchain can do.
Blockchain may also offer the ability to replace state ID's that we carry in our wallets, or perhaps help tech companies such as Cisco Systems (NASDAQ:CSCO) manage their Internet of Things network. Right now, Cisco is working on its own proprietary blockchain technology that can identify different connected devices, monitor the activity of those devices, and determine how trustworthy those devices are. It has the potential to continually "learn" and assess which devices are trustworthy, and if they should be added to a network. 

However, the dramatic rise in bitcoin over the past year doesn't begin to tell the story of its volatile trading history. In late 2013, the trading price for one bitcoin was over $1,100. By January 2015, the price had plunged again, this time to under $200. Following this incredible drop, the digital monetary unit began its current meteoric rise, reaching a peak of just under $20,000 in December 2017. It then fell to under $7,000 earlier this year before recovering to its current levels near $10,000. Whew! 
“Bitcoin gives us, for the first time, a way for one Internet user to transfer a unique piece of digital property to another Internet user, such that the transfer is guaranteed to be safe and secure, everyone knows that the transfer has taken place, and nobody can challenge the legitimacy of the transfer. The consequences of this breakthrough are hard to overstate.”

At the time of writing, there are many medical innovations that are in existence and being further trialled. These include vaccines that were not there before, genomic directed clinical trials, gene editing using CRISPR, cell-free fetal DNA testing, cancer screening through protein biomarker analysis, frictionless remote monitoring and more. This is an interesting area to look into, particularly if you are into healthcare. 

There are dozens of ways to generate passive income. However, the option you select has to do with two metrics: time and money. Either you have a lot of time or a lot of money. Most people usually don't have both. But, if you have a lot of money, generating passive income almost instantly is easy. You can buy up some real estate and begin enjoying rental income. Or, you can invest in a dividend fund or some other investment vehicle that will begin generating a steady income for you.
After these tenants move out, I'm thinking of just keeping the rental empty with furniture. It sounds stupid to give up $4,200 a month, but I really hate dealing with the homeowner association, move-in/move-out rules, and maintenance issues. Given that the condo doesn't have a mortgage and I have to pay taxes on some of the rental income, I'm not giving up that much. The condo can be a place for my sister, parents, or in-laws to crash when they want to stay in SF for longer than a week or two.
I've often described blockchain technology as suffering from the proof-of-concept conundrum. Despite successfully being tested in demos and small-scale projects, no large enterprises have been willing to take the training wheels off, so to speak, to see what this technology can do in the real world. Enterprises have no idea if it can scale without losing its fast processing speeds or security, which has kept them from deploying blockchain in a meaningful sense.
"When we looked at how much these stocks moved, we didn’t feel like we could buy and hold for six months," says Magoon. "Active management might be a riskier move, but we are going for it. The portfolio changes daily. There have been three or four changes already. If something goes south, we aren't waiting to rebalance an index, we're getting out quick."
Blockchain's removal of almost all human involvement in processing is particularly beneficial in cross-border trades, which usually take much longer because of time-zone issues and the fact that all parties must confirm payment processing. Blockchain systems can set up smart contracts or payments triggered when certain conditions are met. The blockchain cotton transaction mentioned above, for example, used a smart contract that automatically made partial payments when the cotton shipment reached specific geographic milestones.
In our analysis, history suggests that two dimensions affect how a foundational technology and its business use cases evolve. The first is novelty—the degree to which an application is new to the world. The more novel it is, the more effort will be required to ensure that users understand what problems it solves. The second dimension is complexity, represented by the level of ecosystem coordination involved—the number and diversity of parties that need to work together to produce value with the technology. For example, a social network with just one member is of little use; a social network is worthwhile only when many of your own connections have signed on to it. Other users of the application must be brought on board to generate value for all participants. The same will be true for many blockchain applications. And, as the scale and impact of those applications increase, their adoption will require significant institutional change.

It is apparent that there are numerous ways to answer the question “How should I invest in blockchain?” The hype around cryptocurrencies is fading — opinions vary, though! Consider investing not only in digital currencies, but also in promising startups and projects launched in different industries, for they are valuable, too. The industries we’ve mentioned are just a few examples, so don’t limit yourself. Research the topic you’re most interested in!
In 1494 Luca Pacioli, a Franciscan friar and mathematician, codified their practices by publishing a manual on math and accounting that presented double-entry bookkeeping not only as a way to track accounts but as a moral obligation. The way Pacioli described it, for everything of value that merchants or bankers took in, they had to give something back. Hence the use of offsetting entries to record separate, balancing values—a debit matched with a credit, an asset with a liability.
What we’ve realized is that, very often, low-end and new-market footholds are populated not by a lone would-be disrupter, but by several comparable entrant firms whose products are simpler, more convenient, or less costly than those sold by incumbents. The incumbents provide a de facto price umbrella, allowing many of the entrants to enjoy profitable growth within the foothold market. But that lasts only for a time: As incumbents (rationally, but mistakenly) cede the foothold market, they effectively remove the price umbrella, and price-based competition among the entrants reigns. Some entrants will founder, but the smart ones—the true disrupters—will improve their products and drive upmarket, where, once again, they can compete at the margin against higher-cost established competitors. The disruptive effect drives every competitor—incumbent and entrant—upmarket.
We can turn the bet into a contract. With a contract in place both parties will be more prone to pay. However, should either of the two decide not to pay, the winner will have to pay additional money to cover legal expenses and the court case might take a long time. Especially for a small amount of cash, this doesn’t seem like the optimal way to manage the transaction.
If you’re looking for a way to begin gradually replacing your income, these are just some of the best ways you can do it as a physician. Remember the idea of gradual retirement? Passive income streams like the ones mentioned here are perfect ways to allow you to spend more time with family, enjoy your day job more, and, of course, make a little money while you’re at it.
Blockchain can also, depending on the circumstance, be very energy dependent, and therefore costly. When transactions are being verified (which we're going to talk about in the next section), it's possible that a lot of electricity can be used. This is the case in point with bitcoin, which is why so few cryptocurrency miners actually find that validating transactions on bitcoin's blockchain is worthwhile (and profitable). 
High-speed travel technology has already taken the first step towards reality with the first test involving the Hyperloop One prototype propulsion system. Elon Musk, founder of the Hyperloop, intends to make this a reality before 2020, and has recently closed an $80 million funding round that includes investment from several other companies. When this emerging technology gets developed and implemented on a mass scale, it will solve many complex long distance issues. High-speed travel could also relieve over-crowded cities by decreasing the need for urbanisation.
With smart contracts, a certain set of criteria for specific insurance-related situations can be established. In theory, with the implementation of Blockchain technology, you could just submit your insurance claim online and receive an instant automatic payout. Providing, of course, that your claim meets all the required criteria. French insurance giant AXA is the first major insurance group to offer insurance using Blockchain technology. They’ve recently introduced a new flight-delay insurance product that will use smart contracts to store and process payouts. Other insurance companies will surely follow suit.
This kind of disruption isn’t just happening in financial services. In retail, Overstock and Shopify are working quickly on enabling payments using cryptocurrencies. Walmart is using blockchain to improve inventory management. Global automakers are planning to apply blockchain technology to vehicle and consumer data. Chip manufactures each have exposure to different parts of the blockchain ecosystem, and thus, different prospects for long-term success.
Real-world smart contracts are also gaining traction in a few other interesting ways. Everledger is a blockchain-based fraud-detection system for valuable physical assets, particularly jewelry and diamonds. It uses a hybrid blockchain that combines the Bitcoin blockchain with its own private blockchain to build smart contracts that certify physical diamonds. It combats the sale of conflict diamonds by keeping a transaction history for each gem.
High quality Augmented and Mixed Reality is here, and it’s not just for industrial workers wearing Google Glass. Notable steps by major companies – such as MagicLeap’s long awaited headset release and Apple’s commitment to mobile AR – are opening up previously unimaginable opportunities for corporations.  Advances in Augmented and Mixed Reality technologies will see an explosion of commercial applications way beyond entertainment. We are on the cusp of a major shift in how we interact with the real world,  with our smartphone  or smart glasses as our gateway and guide.