The Tech Savvy Underworld: Criminals and Blockchain
Believe it or not, organized crime is not just lounging around in dimly lit basements plotting schemes. No, they are surfing the web, using mobile phones, and having a grand old time with encryption technology and social media. But here’s the kicker: they aren’t afraid to dive into emerging technologies faster than most mainstream investors. These criminals have been known to harness the power of tools like instant messaging and Blockchain for their not-so-legitimate enterprises.
Bitcoin’s Bad Rap: A Reputation of Regret
Since its inception back in 2009, Bitcoin has had more bad press than a reality TV star’s relationship drama. From the infamous Silk Road to shady Darknet dealings, the cryptocurrency has been overshadowed by tales of funding terrorism, drug trafficking, and money laundering. Those cringe-worthy headlines didn’t do any favors for Blockchain investment sentiments, either—stumbling to a measly $93 million in those early days.
The Rise of VC Funding: 2014-2016
But then came the exciting twist: fast-forward to 2014 and beyond, and venture capital funding took a soaring leap. By early 2016, that $93 million morphed into a staggering $993 million! According to FinTech Global, 2016 alone wrapped up with half a billion dollars in funding—much of it determined to prove that Blockchain has potential beyond just finance. Non-financial projects jumped 325 percent compared to the previous year, painting a picture of growth that no one could ignore.
Establishing Integrity: The Key to Success
One critical path to a brighter future was paved by Adel Ecosystem Ltd., who proposed standardizing business practices to draw in mainstream investors and industry experts. Their mantra? Confidence. With a commitment to the crypto landscape alongside a solid blueprint for regulatory compliance, Blockchain service providers need to step into the spotlight, ready to instill trust amidst skepticism.
Blockchain’s Bright Future: Ditching the Darknet Stigma
It’s high time we pulled Blockchain out of the shadows. Though its reputation has had a tough ride thanks to scams and hacks, the potential is still sizzling beneath the surface. Market and Markets estimate Blockchain’s worth at $2.3 billion by 2021, with a jaw-dropping 61.5 percent growth rate. Gabriel Dusil from Adel believes in harnessing a collective spirit of integrity to boost the credibility of Blockchain initiatives. Because if they can turn ideas into business plans and successful projects, who knows? Blockchain could be the next big thing we all want to get behind.
“At Adel, we set out to create a powerful Blockchain ecosystem with a spirit of integrity. Our aim is to have passionate and talented members who have a collective goal to be successful.” – Gabriel Dusil
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