Crypto currency integrated BlockChain under Virtual Scalable Enterprises is a widely debated and earnestly discussed topic in the technology arena. Executives at the largest institutions are calling crypto currency fraudulent while high-level institutional banking professionals are leaving their positions to jump into crypto technology, regulation and investment opportunities as industries advance towards adoption. The narratives on these topics are diametrically opposite and polarizing on both side of the debate. While this debate has many layers from a government regulatory side to social impact to the practicality of everyday use of crypto currencies in developing markets, it is safe to assume that crypto currencies or utility tokens are more than a global phenomenon and are now becoming a working framework for optional modes of business.
This book demystifies what crypto currency is, how it is used, and what it means to the consumer, investor, and the future of our global currency marketplace. By providing the historical backdrop to the market, authors Sarah Swammy, Richard Thompson, and Marvin Loh provide a clear definition of what crypto-currencies actually are, how they are being used and by whom, and the unique reasons why they have gone from back street to Main Street almost overnight. The book will also delve into the government's role in regulating this commerce medium. Lastly, the authors will look at the current global monetary policy and discuss if this type of currency phenomena was a direct result while also examining the potential risk and rewards for investors and the economy.
"As Executive-in-Residence, 2018 at Cornell Tech, cryptocurrency is an area in which I've had minimal exposure, and needed to become more fluent with a baseline understanding of its technologies and ideology. As a representative of industry professionals with deep expertise in talent strategy inclusion, diversity, and equality practices, we have a vested interest in the future, assuring we are doing our best to encourage the next generation of technology leaders and thought leaders to leave no individuals, no groups, and no communities behind in new opportunities for wealth creation, access, and economic independence. The authors, Sarah Swammy, Richard Thompson, and Marvin Loh, adeptly demonstrate their experiential subject matter expertise as well as offer a clear picture of interdependency with our existing monetary infrastructure. This book will greatly benefit readers who desire neutral and objective insight into this new era, and who share the desire to extend all roads leading to economic equality."
-Denise Young Smith, Executive-in-Residence, 2018, Cornell Tech
"Cryptocurrency and blockchain enterprise platforms have the potential to transform commerce and the value chain in both for-profit and non-profit sectors. However, not all communities are aware of this potential and how they can benefit from this transformation. At the UNCF, we are deeply concerned about and committed to increasing the value proposition for historically black colleges and universities (HBCUs) in the new economy, and how our faculty and students cannot just be passengers but drive the development of next-generation technologies including blockchain platforms. We applaud the authors Richard Thompson,Sarah Swammy, and Marvin Loh in their attempts to illuminate how cryptocurrency and blockchain platforms actually work and their implications for the future economy. This is important work that will help diverse communities such as HBCUs lead in the development of these technologies to build wealth."
-Chad Womack, Senior Director, STEM Initiatives and Special Projects, UNCF
