{"id":792,"date":"2017-02-09T01:37:29","date_gmt":"2017-02-09T01:37:29","guid":{"rendered":"https:\/\/blogs.scu.edu\/finis\/?p=792"},"modified":"2017-02-09T01:37:29","modified_gmt":"2017-02-09T01:37:29","slug":"digital-wallets-future-of-change-contd","status":"publish","type":"post","link":"https:\/\/blogs.scu.edu\/finis\/2017\/02\/09\/digital-wallets-future-of-change-contd\/","title":{"rendered":"Digital Wallets : Future of \u201cChange\u201d contd…"},"content":{"rendered":"

IoT Cloud Drive<\/u><\/em><\/h2>\n

As interconnected consumer devices become increasingly common, it\u2019s only a matter of time before commerce follows. While entertainment typically moves the market, monetization is often quick to follow. This has held true in every internet-based movement so far, and there\u2019s no reason to suggest that the trend is going to end now.<\/p>\n

When\u00a0mobile Internet was in its infancy, companies like Google, Facebook and Apple were the driving forces behind a push to speed up connection speeds and connect more devices worldwide.\u00a0Revenue is a powerful motivator for change, and without it, the status quo would remain indefinite. The\u00a0\u00a0IoT (Internet of Things)<\/em><\/strong>\u00a0<\/span><\/u>is no different. As profit motive increases, adoption and roll-out will as well.\u00a0In a future dominated by mobile technologies, interconnected devices, and the need for on-the-go payment solutions, the IoT could be the movement that nudges everything in the right direction.<\/p>\n

Alternative Currencies can become viable<\/u><\/em><\/h2>\n

For all\u00a0alternative currencies<\/em><\/strong>\u00a0<\/em>such as BitCoin, the one thing that remains a key roadblock to consumer adoption is\u00a0accessibility of technology. Altcoins have real value in the consumer marketplace if the barriers to entry are lowered by ensuring safety, ease of use, and retailer adoption. The problem currently is strictly technological, but as wallet makers begin the slow process of integration, digital wallets could be the key to unlocking the potential held by alternative currencies.<\/p>\n

Digital wallets for altcoins isn\u2019t a new idea. In fact, several of them already exist.\u00a0Bitcoin Wallet<\/em><\/strong>,\u00a0<\/em>Mycelium<\/em><\/strong>,<\/em>\u00a0and\u00a0Hive<\/em><\/strong>\u00a0are just a few of these technologies that allow consumers to store altcoins on a mobile device. The problem is, outside of a payment network that allow customers to use them, they are essentially worthless. While the technology exists, it\u2019s a hard sell to get consumers to move to a single technology in order to store alternative currencies that they aren\u2019t using in the first place. This is why digital wallets made by trusted companies such as Google, Apple and others could spur real innovation as well as viability in the altcoin space.<\/p>\n

Linking alternative currencies to well-known wallet makers not only lends trust to alternative currencies, but gives retailers the option to process all of these different methods (credit, debit, loyalty cards, alternative currency, and others) through one piece of point of sale technology. This\u00a0is how we can\u00a0bring altcoins to the mainstream<\/strong>.<\/p>\n

Reference: \u00a0http:\/\/Reference: https:\/\/sites.google.com\/a\/utexas.edu\/digitalwallets\/secur<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

IoT Cloud Drive As interconnected consumer devices become increasingly common, it\u2019s only a matter of time before commerce follows. While entertainment typically moves the market, monetization is often quick to follow. This has held true in every internet-based movement so far, and there\u2019s no reason to suggest that the trend is going to end now. … Continue reading Digital Wallets : Future of \u201cChange\u201d contd…<\/span><\/a><\/p>\n","protected":false},"author":1681,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","kk_blocks_editor_width":"","_kiokenblocks_attr":"","_kiokenblocks_dimensions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-792","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":1,"qubely_featured_image_url":null,"qubely_author":{"display_name":"mon","author_link":"https:\/\/blogs.scu.edu\/finis\/author\/sonam\/"},"qubely_comment":1,"qubely_category":"Uncategorized<\/a>","qubely_excerpt":"IoT Cloud Drive As interconnected consumer devices become increasingly common, it\u2019s only a matter of time before commerce follows. While entertainment typically moves the market, monetization is often quick to follow. This has held true in every internet-based movement so far, and there\u2019s no reason to suggest that the trend is going to end now.…","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/users\/1681"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/comments?post=792"}],"version-history":[{"count":1,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/792\/revisions"}],"predecessor-version":[{"id":793,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/792\/revisions\/793"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/media?parent=792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/categories?post=792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/tags?post=792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}