ONLINE STORY: Our client, Exeblock was interviewed for an online story by Digital Journal.
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The DApp provides a platform for charities and small organizations to fundraise efficiently and cost-effectively by moving the popular 50/50 draw onto the blockchain, offering full transparency, low administrative costs and unlimited scalability. eXeBlock is a company that allows non-technical investors to participate in this exciting business format without knowing how to write one line of code. With each new DApp, eXeBlock shareholders get exposure to the potential success of multiple DApps.
Digital Journal spoke with Jonathan Baha’i, the founder of eXeBlock to get his views on the future of blockchain technology and the role his company eXeBlock will play in transforming the the way business is conducted. With this, Baha’i believes there are “numerous reasons why organizations may decide to hire a blockchain development company. Three of the most prominent reasons are: increased transparency with validated ledgers trusted by operators and users; to eliminate intermediaries lowering operating costs; and, to establish systems that work on a global basis.”
Digital Journal: How popular is blockchain technology set to become with businesses?
Jonathan Baha’i: Blockchain technology is more popular than ever, and new businesses and industries are seeing the potential of this new technological trend every day. Blockchain technology has the potential to revolutionize various industries and means of data storage. Through its easy-to-verify and highly transparent information storage system, blockchain technology is creating a level of trust between consumers and businesses that hasn’t existed in the past.
DJ: How does blockchain work in practice?
Baha’i: Blockchain technology is often praised for its ability to eliminate intermediaries that facilitate a service in exchange for a fee. When you purchase something online, the intermediary is the third party that lets the exchange happen. With blockchain technology, businesses are increasingly abandoning middlemen in favor of a relationship that allows goods and services to be exchanged directly with their customers or peer to peer.
This is possible thanks to the decentralized nature of blockchain. Decentralized application (DApp) developers are greatly helping this movement with the push to create services that are more secure, affordable, and reliable thanks to the fact that they don’t require middlemen.
DJ: How easy is it for businesses to set up the technology?
Baha’i: The fact of the matter is that this technology can be quite complicated to get started with for organizations that are thinking about adopting blockchain-based solutions. For this reason, third party organizations like eXeBlock exist that can aid with the development of decentralized applications. eXeBlock is focused on developing its own proprietary DApps and partnering on the development of other DApps with governments, individuals and corporations worldwide so long as they incorporate certain features, namely; they generate revenues based on pay per use transaction fees, they are scalable with global reach and they offer the advantage of being first to market.
Read more: http://www.digitaljournal.com/business/dapp-a-new-approach-to-business-through-blockchain/article/516338#ixzz5BAnWcV7j