Please don’t skip this message — it only takes a minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent, ‘bitcoin-only’ media is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 is all we ask for. To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send sats as a tip to a writer. All of our writers have an active tipping widget.
  • Join our campaign on 
    Awesome perks are waiting for you such as the limited edition Bukele Blend Coffee from El Salvador.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.


US Universities Weigh in on Blockchain Applications

US Universities Weigh in on Blockchain Applications

Support free writers: > send a tip

written by

Many academics with both a business and technology background based at American universities  have been praising blockchain technology for its broad range of applications and future potential.

Blockchain applications are in growing use by governments, private companies and NGOs, and millions of dollars have been invested in researching the new technology over the past few years. The creator of Bitcoin, Satoshi Nakamoto, applied a blockchain to currency and the rest is now history, but the challenge for economies now is to utilize it other areas across the widest spectrum of society.

As past posts by Bitcoin News have revealed, record keeping, smart contracts, Identity verification, ownership, supply chains, cloud storage all benefit from the cryptography of blockchains, and solutions are emerging every day offering numerous applications for DLT. Lawrence Trautman, a professor at Western Carolina University, sees this as becoming the go-to technology for these needs in the next few years and cryptocurrency is the tip of the iceberg.

He suggests that “We will see smart contracts that essentially rely on blockchain, (and) we will see great economies of scale in manufacturing processes in a command and control system and process”, adding the blockchain “is a wonderful technological invention for mankind, and virtual currencies are simply one application for the use of blockchain”.

The world is also beginning to see more impact in areas such as finance, insurance and government data management, and speed of service will become a factor as the need for paper gives way to digitalization of information. David Noble, director of the Peter J Werth Innovation and Entrepreneurship Institute at UConn argues:

“The insurance industry can become a lot more efficient at pricing risk if they know who owns it within 20 or 30 minutes instead of three or four days… a robotics, virtual reality, artificial intelligence and blockchain are all going to play an important role in that.”

Robert Dahlstrom, a professor of marketing at Miami University sees supply chains as being great beneficiaries of blockchain both commercially and more widely. NGOs are already putting the technology to excellent use in assuring supply chains have clear and transparent details of products quality and whereabouts along the chain, and even registering births.  Dalstrom suggests:

“With Moore’s law and the processing speed of computers increasing constantly, and combined with the decline in the cost of storage, I think that 10 years from now we may see profound applications (of blockchain).”


Follow on Twitter: @bitcoinnewscom

Telegram Alerts from

Image Courtesy: Pixabay

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


bitcoin shop miami

Read More Bitcoin News

Hayek And Bitcoin

Hayek and Bitcoin

Hayek passed long before Bitcoin’s inception, but in his book The Denationalisation of Money, he argued for nothing short of stripping the state of its monopoly power of money itself.

Read More »


bitcoin shop miami

Join our Newsletter

Video of the Week


Latest on Bitcoin News

Join our Newsletter