Deutsche bank and Allianz have partnered with car exchange Auto1 to implement blockchain technology in the auto financing industry. The new company is called Auto1 Fintech. The company will offer financing for car loans as well as insurance products.
The transactions concerning financing will all be recorded using the blockchain. The blockchain technology offers complete transparency for all transactions. Financial transactions using blockchain technology will also enable the car dealers to act more quickly on services like refinancing and loan approvals. Transactions which would normally take a few weeks are an instant process using the new technology.
Blockchain technology has the potential to almost eliminate all back office expenses. The financial industry is just one of many businesses which will benefit from the advancements made possible by blockchain technology. Any business requiring record keeping will be completely transformed by this new technology. Hospitals, where accurate record keeping is imperative, stand to benefit the most.
Steemhunt.com is a new product review site which runs on the Steem blockchain. Reviewers upload
the latest products in categories which might include Smart technology, Artificial intelligence, and
decentralized apps. Steemhunt is an intriguing site which displays the daily picks of some of the most cutting edge products currently available on the internet.
You may find recent Kickstarter products, but the products must be currently available to be purchased in order to be eligible for listing on Steemhunt.com You may not include links to common ecommerce sites like Amazon or Best Buy. These criteria truly inspire what Steemhunt regulars refer to as “The Hunt”. Once your chosen product is listed and approved by a team of moderators, your post is eligible for an upvote which in turns earns you cryptocurrency.
Several types of upvotes are possible on Steemhunt. You have the standard upvote from other Steemit users which works just like the Steemit.com site. Steemhunt also votes with varying strength determined by a ranking system. Some items in particular categories are also eligible for votes from Utopia. A recent first place winner actually received a vote of over 200 Steem for one item. The possibility of these types of rewards make the site both exciting and competitive.
You need a Steemit.com account in order to use the site. You may use Steem Connector for logins in order to keep your Steem passwords safe.
In much the way we could not fathom the way the internet would change the world 25 years ago, Blockchain will also change the way business is done in the future. Dan Larimer, creator of EOS, Steem and Bitshares, explains what business will look like with Blockchain technology. The complete decentralization of finances and business will change the way we do everything.