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Blockchain

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Hashim Hasabelrasoul Hashim & Jimmy Nguyen (Image source: Bitcoin Association)

Bitcoin Association, a Switzerland-based non-profit organization that advances the adoption of the Bitcoin SV blockchain is leading the Blockchain for Government Initiative by successfully finishing a week-long official visit to the Republic of the Sudan last April. Bitcoin Association was invited and hosted by the country’s Ministry of Telecommunication and Digital Transformation to explore how blockchain technology can aid the African nation advance into the digital world. The highlight of the visit was a two-day event that was Sudan’s first-ever Blockchain Summit & Workshop.

“In Sudan, we are in a transition period after thirty years of sanctions and thirty years of a bad regime. Now we are in a transition period in which we want to reform our country and reform the government. Digital transformation is a key pillar in this reformation. We are working on building a national strategy for digital transformation that aims to change the government from manual to digital, to make sure that the government will be more efficient, more smart, more in control and more transparent,” Hashim Hasabelrasoul Hashim, Minister of Telecommunication and Digital Transformation for the Republic of the Sudan, said in an interview.

Civil wars, armed conflicts against neighboring countries and an authoritarian president who ruled the country for three decades have hindered the country’s growth. As Sudan transitions into a democracy, its government is doing its best to propel the nation forward into the digital age in order to uplift its people and economy. And the Bitcoin SV (BSV) blockchain is certainly the most innovative and effective way to do it.

“I can clearly see a role for blockchain throughout different verticals within the government; digital identification is one of many, financial inclusion, digital certifications and many more to come, where we can benefit from blockchain. We want to be the first and lead on this technology in the country because it will enable us to really depend on real data that is secure,” Hashim added.

The delegation, headed by Bitcoin Association Founding President Jimmy Nguyen, was composed of CEOs and founders of businesses from various industries that have successfully built platforms on the BSV blockchain. Aside from the two-day workshop, the BSV delegation, who are all experts in their fields, also conducted separate meetings with the Central Bank of Sudan, the Ministry of Telecommunication & Digital Transformation, the Ministry of Interior Affairs, leading telecommunications company SudaTel, and the 249 Startups hub for Sudanese entrepreneurs.

“Blockchain can help us to build a better world and our trip to Sudan left us feeling even more inspired to make that vision a reality… As we explore opportunities for initial blockchain projects in Sudan, we know that BSV’s massive scaling and focus on data network capabilities can provide the blockchain power needed to advance digital transformation for Sudan and greater Africa,” Nguyen said.

BSV’s Blockchain for Government Initiative is geared towards providing accurate Bitcoin education and the global adoption of blockchain technology by national governments, NGOs and the public sector with the ultimate goal of advancing digital transformation and inducing economic growth. Because Bitcoin SV has restored the original Bitcoin protocol and unleashed the unlimited scaling potential of its blockchain through the release of the Genesis Upgrade last year, it is more than capable of handling the big data being generated by governments on a daily basis. Instant microtransactions allow it to be cost-efficient; and data is secure, transparent and clean.

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The question of survival is omnipresent for businesses in 2019. In recent years, employee-centered business models have emerged. Companies recognize that work improvements lead to higher quality production.

Also prevalent is a focus on customers. Industries face the challenge of relating to an audience that demands more transparency. What we know is that the business landscape will continue to grow and change.

Keep reading to discover how business trends 2019 are changing the global market.

African Economic Revolution

The continent of Africa has seen the economy of only a few of its countries rise with the discovery of oil. Now, free trade agreements, industrialization, and technological advances are creating opportunities for others.

Industries like Ethiopia’s car manufacturing will continue to grow across the continent. This will create a surge of jobs and increase the number of households with disposable income. The advent of solar electricity panels will illuminate millions of homes without power. Electrification can only lead to increased internet access, learning, and wide-spread skills acquisition.

Bubble speech with cut out phrase “trends” in the paper.

Business Automation

Automation in business software has been a growing trend for years. As companies try to do more with less, specialized software rises to the occasion. For example, before, bookkeeping information had to be entered manually into accounting software. Now the fields auto-populate when you make a sale or scan a receipt.

2019 will see this trend rise in customer communication. Customer relationship management (CRM) tools will become a business necessity in the connected age. CRMs for small business collect customer data and facilitate automated communication through email.

Automation allows companies to maintain relationships based on a client’s position in the sales funnel. Better relationships lead to increased business success.

Customer Data Regulations

A connected society demands a personalized approach to marketing and communication with customers. To this end, collecting customer data has been the key to unlock success for large and small businesses alike. This also comes with increased threats to privacy and personal information.

Information security threats led Alabama and several other states to pass regulation. Legislators are looking at how companies protect and obtaining consumer information. As tech advances continue to connect us, regulators will be forced to keep up.

Remote Workers

4.3 million Americans reported working remotely at least half the time in 2016. 3.2% seems small until you consider that this is a 114% increase from 2005.  Employees who work remotely benefit from lowered stress levels and higher productivity levels.

Telecommuting is most popular in the finance, technology, and design industries. The trend has created opportunities for baby boomers, working mothers, and the disabled.

The number of people telecommuting is only expected to increase in coming years.

Mobile Banking Flexibility

The traditional form of banking is in for a major rejuvenation. Blockchain, mobile payments, and alternative lending are the new kids in class.

Blockchain is a system for tracking the spending of cryptocurrency. Compare it to a banking statement. Instead of using your personal information, it uses a digital signature. A digital signature is like a username.

Blockchain offers more security for the buyer. It may also be the answer to personal data security. We will see it continue to grow as the technology and use of bitcoins grow.

Mobile banking will see a growth in the coming years also. Customers who prefer different payment options now have a choice of hundreds of banks all over the country. If they don’t qualify for in-person loans, there are alternative lenders online with fewer restrictions.

Business Trends 2019

You don’t have to be the CEO of a public corporation to feel the changes in the market. A more connected, global economy means that everyone has a chance to compete for the same employees and customers.

Business trends 2019 will see a rise in banking flexibility and personal data security. Add to this flexible employment and the rise of new economies.

Proper market research can keep your business ahead of the trends. Click here for common mistakes to avoid.