BitRail: Cameron Chell explains evolution of new blockchain-backed infrastructure

<p style&equals;"text-align&colon; justify&semi;">With the potential to double in speed towards mass adoption this year&comma; blockchain technology has opened the gate for various applications across business domains&period;  Today&comma; industries are searching for ways where they can secure their data and make secure&comma; hassle-free transactions&comma; and companies are coming up with innovative&comma; blockchain based solutions that save money&comma; while optimizing business performance&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">This year&comma; trends in blockchain are evolving with the implementation of new technology such as stable coins and blockchain interoperability&period; Stable coins have stable prices and are not affected by the market condition&comma; ensuring that the stability is maintained&period; Meanwhile&comma; blockchain interoperability is designed to improve information sharing across diverse networks and  blockchain systems&period; These cross-chain services improve blockchain interoperability and also make them more practical for day-to-day usage&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">As the blockchain industry continues to grow&comma; laws and regulations continue to develop in the area&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;"><a href&equals;"https&colon;&sol;&sol;www&period;crunchbase&period;com&sol;person&sol;cameron-chell" target&equals;"&lowbar;blank" rel&equals;"noopener">Cameron Chell<&sol;a>&comma; a blockchain expert&comma; is the Chairman and co-founder of ICOx Innovations&period;  He says government implementations of strict regulations are just a further indication of a maturing market&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;"><a href&equals;"https&colon;&sol;&sol;www&period;newswire&period;ca&sol;news-releases&sol;globalive-technology-inc-announces-joint-venture-with-business-instincts-group-to-launch-blockchain-and-machine-learning-software-development-and-commercialization-shop-683600271&period;html" target&equals;"&lowbar;blank" rel&equals;"noopener">Cameron Chell<&sol;a> explains&comma; &OpenCurlyDoubleQuote;I believe regulations are becoming more conducive to experimenting with the technology in the financial and commercial spheres&period;  We now have a solid understanding on how to work with regulators&period; Our aim is to help shape the new regulations that will influence the future of branded blockchain economies&period;”<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">With a number of companies developing blockchain applications to improve their supply chains&comma; it’s no surprise the industry is generating interest globally&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">In fact&comma; a Deloitte survey found that 95 percent of respondents stated their company plans to invest in blockchain tech this year<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">In a recent interview&comma; Deloitte&&num;8217&semi;s Ruchir Dalmia told Computerworld said that there is growing momentum for the use of blockchain platforms within business&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">&OpenCurlyDoubleQuote;Business leaders are beginning to take ambitious steps to move from small-scale experimentation to real world execution&comma; with organisations pooling resources and expertise towards building shared platforms&comma;&&num;8221&semi; Dalmia said&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">For example&comma; major United States-based firearms marketplace GunBroker&period;com recently announced it will integrate a new stablecoin called FreedomCoin as a payment method&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Leaders at GunBroker&period;com approached ICOx Innovations with a unique problem&comma; according to Chell&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">&OpenCurlyDoubleQuote;They were processing over &dollar;600 million in sales annually&comma; but close to &dollar;450 million of that was still being transacted with paper checks and money orders&comma;” Chell says&period;  &OpenCurlyDoubleQuote;GunBroker&period;com needed a reliable&comma; secure and transparent corporate currency to process its electronic transactions&period;”<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">FreedomCoin is ICOx’s newest signature product that has been designed to allow businesses like GunBroker&period;com to accept payments made through regulated and licensed digital currencies&period;  This feature will be accessible through a mobile app that emphasizes simplicity&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Chell explains FreedomCoin further &&num;8211&semi; &OpenCurlyDoubleQuote;Imagine going to do a checkout at any large ecommerce site&comma; and you can choose from whatever that brand’s name coin is&period;  It’s really a payment rail that’s integrated with the financial systems and meets the stringent requirements that are put in place by regulators to ensure the transactions are fair&comma; transparent and simple&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Looking forward&comma; Cameron Chell says the team at ICOx Innovations will continue to assist established companies with the design and creation of blockchain technologies&period;<&sol;p>&NewLine;