THELOGICALINDIAN - Here is Bitcoinists day 3 advantage of the Inside Bitcoins New York conference
Also read: Inside Bitcoins New York Day 2: Afternoon and Evening
Solving Real Business Problems with the Blockchain
Peter Kirby, President of Factom, opened day 3 of Inside Bitcoins New York with his address on application blockchain technology to break absolute business problems.
Factom, Kirby’s blockchain project, builds on top of the Bitcoin blockchain — abundant like how abounding advantageous applications are congenital on top of the Internet. The projects aboriginal accord is with Healthnautica.com, which is alive on a apparatus for HIPAA compliance. However, the accuracy vs aloofness charcoal a acute issue, with the accident of these blockchain projects accepting afraid accretion concern. Therefore, the capital focus of this activity is authoritative abiding that the annal stored on the blockchain are tamper-proof.
We Are to Act, Not be Acted Upon: How the Blockchain is Fueling the Personal Empowerment Movement
Brian Nelson, Founder of BTC Launch and Bond Manager of Alpha Surety Brokerage, offered his angle on what Bitcoin and the blockchain accept to offer.
Are we authoritative our own descisions? Sometimes, it feels as if able institutions are authoritative our choices for us. With the blockchain, bodies will be able to accost their freedom by harnessing the advice the blockchain is able of providing. However, the big catechism is how Bitcoin will accomplish it into the mainstream. According to Nelson, the key to boilerplate success is the development of simple tools, self-empowerment, and education.
How To Make Bitcoin Easy For Small Business
The afterward affair was led by Steven Michaels and Bryan Skarlatos. Michaels is the President of the Digital Currency Institute and Founding Member of the San Diego Bitcoin Association; Skarlatos is a Partner at Kostelanetz & Fink, LLP.
This affair addressed the affair of authoritative Bitcoin assignment for baby businesses. The duo said that the key to accepting Bitcoin success is architecture bounded Bitcoin communities. Businesses should alpha and abutment bounded meetup groups, while additionally abutting meetup groups for added bounded businesses. This blazon of association architecture will acquiesce bounded companies to authorize a constant Bitcoin attendance in the association that offers educational resources.
Michaels and Skarlatos additionally batten about Bitcoin taxes. The best important allotment of appropriately advertisement your Bitcoin balance is consistency. There are a cardinal of options for advertisement Bitcoin income, but businesses charge to stick with one method. However, it is account researching the assorted advertisement methods so that businesses can accept the one that works best for them. As with any added taxable income, the best way to be adjustable is to do able analysis and acquaintance tax professionals.
How Washington is Impacting the Digital Asset Industry
The aftermost address afore cafeteria was delivered by Perianne Boring. She is the Founder and President of the apple famous Chamber of Digital Commerce.
Bitcoin is an abettor of change that has the long-run abeyant to appulse industry, government, and altruism as a whole. However, there are problems apropos Bitcoin adjustment that will arrest Bitcoins brief accommodation for change. AML, QFAC, customer protection, privacy, and cybersecurity all charge to be addressed afore Bitcoin can accept a abundant appulse on all-around commerce. Boring acclaimed that these issues accept elicited a lot of complaints about Bitcoin, and that the association needs to appear calm to abode these problems and advance solutions.
What has been your admired Inside Bitcoins New York affair so far? Let us apperceive in the comments below!
Image: Stewart Quealy
