Dawn of a New World
Business makes the world go round. And at the very core of business lies the exchange of value – ie money. And what could be a bigger change, than a change at this very core?
In a previous blog post, I talked about an emerging digital currency – Bitcoin. It is a universal currency that is non-physical, not backed by banks or governments, and traded over an open source network. (The full blog post, including a video explaining Bitcoin can be found here)
The current value of a single bitcoin is at an all time high of $420
In the short time since I last blogged about it, Bitcoin has picked up huge increase in interest all over the world. On October 14, Baidu, an internet company that runs the No. 1 search engine in China, began accepting bitcoins for the web services. Now, “All of a sudden businesses have at least one example of a large company saying it is going to accept Bitcoin.” Furthermore, Plug and Play Tech Center, which was a seed investor in PayPal, has announced the opening of an accelerator program exclusively for Bitcoin-related startups, to promote business accepting the digital currency. It is almost certain that Bitcoin is the way of the future.
Amidst an era full of technological races, furious innovation, and newly emerging industries, clearly the business world is changing in unpredictable ways. The feature that will separate the winners from the losers in this new world is the ability to quickly spot and critically analyze all of these emerging trends.
For now, all we can do is keep an open mind, and watch as the winds of change blow…
References
http://www.entrepreneur.com/article/229960
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