• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Sensei Inu Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000
<>
Sensei Inu Logo

Former White House Senior Advisor Says Blockchain Trumps Bitcoin

newsbtc by newsbtc
8 years ago
in Cryptocurrency Market News
Reading Time: 2 mins read

In a recent interview with Coindesk, former White House senior advisor John Farmer said he believes bitcoin as a currency is less interesting compared to blockchain. Although he concedes that the cryptocurrency deserves praise for uplifting the digital currency industry and bringing blockchain to the limelight, he maintained that blockchain technology has a bigger potential in transforming the world.

John Farmer is currently working with Microsoft as the company’s director of technology and civic innovation. He used to play the shortstop position for the Los Angeles Dodgers and has joined the tech giant after a conversation with Microsoft’s general counsel Brad Smith and corporate vice president Dan’l Lewin.

Blockchain vs. Bitcoin

“Dan’l and Brad had this vision for how Microsoft – obviously a gigantic global company with billions of users – could engage in a really local way on civic issues. So, how could we use technology to address social problems?” Farmer shared. “The more I talked to them, the more I really came to believe that they had the right approach in mind.”

Farmer believes that blockchain can make a huge difference in the developing world by helping the unbanked become banked for the first time. He explained that 25% of African-Americans or around 10 million people don’t even have a government-issued identity card, which makes opening accounts impossible.

“That is amazing, and there are states here that require you to show your identification card in order to vote. So the ability for these technologies to empower and enfranchise the disenfranchised here in the US and in the UK and in other developed countries, I think is also really really powerful,” he said.

Currently, Farmer and his team are working with a wide variety of sectors, including governments, academics, startups, for-profits, and nonprofits to “participate, partner, and produce” solutions to problems. “We produce prototypes of what could exist and then we share those with the community externally, but also internally to the various product groups of Microsoft, to help those product groups imagine what could happen and what could really benefit end users,” Farmer said.

Read more on this here.

Tags: bitcoin blockchainblockchain microsoftblockchain technologyNews
Tweet123Share196ShareSend
newsbtc

newsbtc

Related Posts

ImmutableX

ImmutableX Makes Noise As IMX Dominates Top 50 Roster With 33% Climb

7 hours ago
Bitcoin crypto Fed treasury yields

Bitcoin And Crypto Face Turbulence As 10-Year US Treasury Yield Hits 15-Year High

9 hours ago
The Future Landscape of ASIC Miners

The Future Landscape of ASIC Miners

10 hours ago
XRP

XRP Hurdle In The Run-Up To ‘Proper Party’ – Will Altcoin Price Slip?

10 hours ago
MakerDAO

MakerDAO (MKR) Recent Rally Signals Potential For New Highs – $1,700 On The Horizon?

14 hours ago
Ethereum ETH Whale

Ethereum Whale Unfazed By Prices, Pulls $8.1 Million Of ETH From Binance And Buys NFTs

20 hours ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Press Releases

  • Arbitrum (ARB), Toncoin (TON), and Tradecurve Markets...

    8 hours ago
  • Top Meme and Utility Tokens to Watch Out For in 2023...

    9 hours ago
  • Bitcoin Miners Go Bankrupt As Bitcoin Spark Looks To...

    9 hours ago
  • Massive Potential Unveiled: Hedera, dYdX, Kangamoon, Poised...

    9 hours ago
  • Uwerx’s Recovery Blueprint Ignites Momentum With The...

    11 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Win 8.88 BTC
  • Play Casino Games
  • Play Finance

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.