RadioShacks Epic Return Aims To Connect Older Generations To DeFi

American retailer RadioShack is shifting its focus from electronics to crypto, claiming that it will be able to bridge the gap with older generations and bring blockchain technology closer to mass adoption.

“It is our hypothesis that the best way for crypto to be more mainstream is for an established brand name in the tech space to lead the way,” RadioShack writes in its proposal.

“The older generation simply doesn’t trust the new-fangled ideas of the Bitcoin youth,” it adds.

The 100-year old franchise recently laid out its plans, announcing the launch of a RADIO token as part of RadioShack DeFi (decentralized finance). Decentralized finance describes blockchain-based protocols that allow people to exchange funds without the need for an intermediary, like a bank.

RadioShack’s DeFi plans will help users trade tokens with each other without having to go through a traditional broker. The project is made possible through the Atlas USV (short for Universal Store of Value) protocol, which allows other applications to be built on it. 

RadioShack filed for bankruptcy in 2015 and again in 2017. The legacy retailer was bought by Retail Ecommerce Ventures in 2020, run by Alex Mehr and Tai Lopez, who are also the minds behind Atlas USV. Retail Ecommerce Ventures has a holding company portfolio of a number of established-but-struggling retailers, including Pier 1 Imports, Steinmart, and Dressbarn. 

 ”RadioShack has one objective: Distribution and usage by millions of individuals but possibly more important, by hundreds of blue-chip, large corporations as their gateway into becoming blockchain companies,” the company writes.

RadioShack goes on to say that the crypto industry has thus far missed the mark by focusing on “speculation and not enough on making the ‘old-school’ customer feel comfortable.” It notes that there is a “real generational gap” between the average crypto user and a corporate CEO.

“This demographic difference creates a substantial psychological barrier to crypto adoption,” the company says.

While it’s unclear when the RADIO token plans to launch, you can sign up for the waitlist via the company’s website. ”RadioShack, and RadioShack alone, can bridge the gap and ‘cross the chasm’ of mainstream usage for cryptocurrency,” the company claims. 

Article Via Rosie Perper @ Hypebeast.com

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Crowdfunding Platform Kickstarter Moving To Blockchain

For more than a decade, Kickstarter PBC has convinced the public to pay people to follow through on their ideas to build a gadget, make a film or create a piece of art. It was, in some ways, a harbinger of today’s digital economy built around cryptocurrencies, decentralized organizations and NFT art.

On Wednesday, Kickstarter plans to unveil a project that will merge the two worlds. It’s hatching a standalone company to build a crowdfunding system much like Kickstarter’s but based on blockchain technology. When it’s ready, Kickstarter will switch its own website to the new infrastructure, and the new company will make the tools available for anyone to create a competing crowdfunding site.

The new company does not yet have a name. Development is slated to begin in the first quarter of next year, and Kickstarter expects to transition its site to the new protocol sometime in 2022. The change will take place entirely behind the scenes and shouldn’t affect how people use the site, the New York-based company said.

It’s a large, technical undertaking. Embarking on the project was a “big decision,” said co-founder Perry Chen, but it was ultimately an easy one to make because it fits with Kickstarter’s mission, which is “to help bring creative projects to life.”

Chen started Kickstarter with a pair of art-loving friends in 2009, and it was a near-instant hit with cash-strapped go-getters and eventually with celebrities and big companies looking to test consumer demand. The Peloton stationary bike started with a Kickstarter campaign ($307,332 raised), and so did the Oculus VR headset ($2.4 million). Kickstarter helped finance new records from Amanda Palmer ($1.2 million) and the pop group TLC ($430,000) and revived cult classic TV shows like Mystery Science Theater 3000 ($5.8 million) and Veronica Mars ($5.7 million).

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Blockchain Is Unstoppable And Rapid Innovation Is Leading Startups In The Right Direction

Blockchain technology has been an emerging enterprise solution and its adaptation is only speeding up, especially within the last few years. Rapid Innovation provides a direct solution to assist startups and entrepreneurs in integrating blockchain into their businesses by planning, designing, providing architectural engineering, building, testing, launching and upgrading through adoption and integration of this sector in tech.

We had the pleasure of learning more about the company by speaking with Mark Bardi who is head of marketing at Rapid Innovation.

Let’s take a look at how their company can advance the project you are developing.

About Rapid Innovation
Rapid Innovation is a blockchain app development company focused on helping entrepreneurs and startups build great products that decentralize the internet. 

We are on a mission to build great products that speed up the adoption of blockchain technology because we believe in its power to bring greater economic freedom to people around the world.

When was Rapid Innovation founded? And why?
Rapid Innovation was founded in the year 2019 by the three co-founders, Jesse Anglen (CEO), Prasan Dey (CTO), and Tyson Faulkner (President). We started the company together to fill a void we saw in the market for reasonably priced, blockchain focused web and app development. We were active investors in cryptocurrency and operators in the blockchain space dating as far back as 2015.

Who is your ideal client?
Our ideal clients are visionary founders and startups who have a clear vision and some initial seed capital, who are looking to hire an experienced blockchain development team who can take them from idea to launch.

What problems within the tech industry can be solved with your company?Blockchain is a revolutionary new technology that is transforming industries around the world. Due to it’s novelty and complexity, it is not easy to find experienced developers who can build high-quality products, reasonably quickly, for a fair price. That’s what we strive to do.  

Approximately how soon can a client expect their app to be built when working with you?
This will really depend on the scope, budget, and timeline for each project. That said, we strive to get an MVP (minimum viable product) to market for our clients in 90 days or less.

Does Rapid Innovation provide ongoing or lifetime support for its clients?
We will do our absolute best to provide on going / lifetime support for our clients up to a certain point past the delivery date, but typically our best clients know that software development is a continual process of adding new features, enhancing existing features, and fixing bugs, so a lot of them keep us on a monthly retainer. We want to ensure that all of our clients are happy and successful.

What are the benefits of a company switching over to blockchain?
There are many benefits for a company to switch over to blockchain, but they vary greatly depending on the product/service, industry, sector, etc., so possibly too difficult to list out a general set of prescriptions. At its core, the invention of blockchain technology is important because it gives us a powerful computing platform with new capabilities that were never possible before.  For the first time, we have the ability to transfer value (money, financial assets, identity, property rights) to anyone in the world without the need for a “trusted” third-party. We can now move money as easily as we move information — to anyone, anywhere, at any time, with nothing more than a basic smartphone. A better form of money — one that’s native to the internet with a known supply and a transparent monetary policy that cannot be easily changed. We can now empower developers from every country on earth to crowd fund and build businesses that solve real problems for their communities. Because, for the first time ever, they can access a global supercomputer called the blockchain that cannot be censored nor requires anyone’s permission to access.

What are the benefits of working with your company in comparison to your competitors?
The benefits of working us is that we’re a highly experienced blockchain development team based on the west coast of the U.S. who runs a boutique shop that only takes on a few select, high-quality projects at a time. We walk each and every one of our clients through a strict 7-step process – from concept to launch. Our core team has worked side-by-side with some of the biggest names and brands in the industry – having played a key role in building over 100 blockchain applications that are still used today.

Are you looking for an experienced team to build your blockchain app? Contact Rapid Innovation today.

Article By K. Crystal Carter

K. Crystal Carter is a cryptocurrency and blockchain enthusiast who is originally from Oakland, California. She has 7.5 years of experience in the financial industry, and 6 years of being a cannabis hydroponics grow director and cannabis advocate at local City Hall meetings. She currently resides in Las Vegas as one of the lead Earthy Realist team members.


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The Power of Blockchain: 5 Real Life Uses

If you have heard of cryptocurrency then we are sure that you probably have heard the word blockchain.

But, what exactly is blockchain?

Blockchain is a system of recording information on a cloud ledger in a way that makes it difficult or impossible to change, hack, or cheat the system.

The mechanics of blockchain are extremely complex, hence why many followers of cryptocurrency do not bother learning about it. The basic idea of blockchain is very simple: to decentralize (the process of shifting control from one main group to several smaller ones) the storage of data so that such data cannot be owned, controlled or manipulated by a central actor.

Bitcoin, and cryptocurrency in general is extremely volatile which is all the more reason why people invested in should know why it exists and how it works. Those who do their research on the value of blockchain in the end will be the most successful as the world continues to adapt to cryptocurrency.

Blockchain shows a lot of promise for a diversity of useful technologies.

Blockchains depend on the utilization of public/private key pairs to identify contributors in transactions or contracts. Therefore, it can be used in other real-world (familiar) cases.



What else can blockchain be used for other than cryptocurrency?

Real Estate, Land, And Auto Title Transfers

One of the key objectives of blockchain is to remove paper out of the processing method, as paper trails are frequently a primary cause of uncertainty of record keeping. When buying or selling land, a house, or a car, the individual transfers or receives a title. As a replacement for of handling this on paper, blockchain can store these titles on its ledger, permitting for a crystal clear view of this transfer and rightful ownership.

Prescription Medication

Currently Merck is testing such a blockchain system for prescription drug returns. Blockchain could be a means of clearly tracking prescription medicines. Because prescription returns do occur, counterfeit medications are intercepted (and sometimes not) blockchain propositions prescription drug companies the ability to track their products based on serial and/or batch numbers to ensure that consumers are getting the real deal when they pick up their medications from the pharmacy.

Payment Processing And Money Transfers

Arguably, the most understood use for blockchain is as a means to expedite the transfer of funds from one party to another with digital currency. Since the US dollar isn’t disappearing just yet, there still needs to be ways to make its transactions more secure. With banks soon eliminated from the equation, and authentication of transactions ongoing 24 hours a day, seven days a week, nearly all transactions that are processed over a blockchain ledger can be settled within a matter of seconds.

Trading

In the future blockchain could compete with current dollar trading platforms to buy or sell stocks. For the reason that blockchain systems confirm and settle transactions  immediately, it could eliminate the wait time traders and investors confront when selling stock(s) and requesting access to their funds for the objective of reinvestment or withdrawal.

Wills And inheritances

As a replacement for establishing a paper will, people could have the preference of creating and storing their digital will on a blockchain network. When used with smart contracts (self-executing contracts with the terms of the contract between individuals directly written into lines of code), which could distribute inheritances, both money and property, based on when certain criteria are met (such as trust fund agreements). Thus this would leave no issues as to who should receive what assets when an person pass away.

Article By Kadesh Carter – Earthy Realist CEO

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