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| Press Release

Q Smart Limited - Addresses the Role of Blockchains as Disruptor in Key Industries

LUXEMBOURG CITY, LUXEMBOURG / ACCESSWIRE / February 13, 2018 / The blockchain, explained a lead analyst from Q Smart Limited, is a distributed ledger technology that underlies cryptocurrencies like Bitcoin and platforms like Ethereum. It provides a way to record and transfer data that is transparent, safe, auditable and resistant to outages, and as a result has the ability to make the organizations that use it democratic, decentralized, efficient and secure. Due to its myriad innovations, the blockchain is expected to disrupt many industries in the coming five to ten years, with its effects already being seen in the financial sector. Q Smart Limited discusses that and other areas that are beginning to see advancements from the recent technology.

Because the blockchain can be used to give access to financial services to billions of people around the world, including those in third world countries who don't have access to traditional financial institutions, some are predicting that the blockchain will vastly eliminate the need for brick and mortar banks. Bitcoin allows anyone to send money across border instantly with relatively low fees, and several startups are developing remittance services based on the cryptocurrency. To adapt, major banks like Barclays are also working on adopting the technology to make their business operations faster, more efficient and secure. In addition, they are increasingly investing in related projects and startups - IBM predicts that 15% of banks will be using the blockchain by the end of the year.

While Q Smart Limited noted that the blockchain ledger is public, the data is verified and encrypted using advanced cryptography, making it less prone to being hacked or changed without authorization. Unsurprisingly, the cyber security sector has taken notice. Several young applications are being built on the blockchain, and while most still need years of development, the future of digital security will largely be defined by their innovations. In supply chain management, distributed ledger technologies are already being used to securely monitor and document transactions within a permanent decentralized record. Companies have given early reports of greatly reduces time delays and human mistakes, and believe the tech has serious implications for understanding and controlling the real environment impact of products. It can also be used to monitor costs, labor and even waste emissions at every point of the supply chain. In the near future, businesses plan to use the distributed ledger to verify the authenticity or fair trade status of products by tracking them from their origin. Blockchain companies already working in this sector include Provenance, Fluent, SKUChain and Blockverify.

Q Smart Limited is a market leading brokerage firm offering unparalleled trading conditions for stocks, commodities, Contracts for Differences (CFDs) and indexes. Founded over 17 years ago thanks to the joint effort of financial professionals and experts in online commerce, Q Smart is one of the original pioneers of online trading. Backed by an innovative trading technology, the company proudly serves retail and institutional clients in over 180 countries in Europe, Africa, Asia, Latin America and the Middle East.

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SOURCE: Q Smart Limited

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