Many people associate blockchain technology with trading cryptocurrency, but that's not all it can be used for. Businesses of all sizes are integrating it into their workflow. Gene Marks, CPA and Washington Post Business Columnist and Rob Marvin, Associate Features Editor at PC Mag join This Changes Things to discuss the applications of the technology.
One of the main reasons why Marks is excited about blockchain is because it will make accounting and auditing a lot easier for companies. He believes having all the data automated onto a system will create fewer errors and save time when paying employees or vendors.
On the technical side of things, Marvin says that some companies are hesitant to incorporate blockchain because they think they need to create their own platform. He points out that large corpoations now offer blockchain services where you can buy the platform already acssembled for your business needs.
The world's largest cryptocurrency exchange Binance and its founder Changpeng Zhao are accused of misusing investor funds, operating as an unregistered exchange and violating a slew of U.S. securities laws in a lawsuit filed by the SEC.
Apple on Monday unveiled a long-rumored headset that will place its users between the virtual and real world, while also testing the technology trendsetter's ability to popularize new-fangled devices after others failed to capture the public's imagination.
Customers of Venmo, PayPal and CashApp should not store their money with these apps for the long term because the funds might not be safe during a crisis, the Consumer Financial Protection Bureau warned on Thursday.
