The Evolution of Technology

In 2013 alone, customers all over the world sold approximately 150 million Apple iPhones. Meanwhile, in the 19th century, even the best innovators, Apple's iPhone did not go beyond people's mind. During this period the creation of agricultural machinery, railways and factory products was introduced, all of which were used to improve the living and working conditions of the time. The use of mobile phones in today's society is a terrible example of the shift of technology from assist to demerit.

Technology is growing rapidly and its impact covers almost every aspect of life. Several years ago, we did not think that it could reach the standardized level of our communication, share information and even exchange value. Technical development is accomplished by trial and error or "modification". In this article I will explain this problem and the position of Blockchain Hive in this "evolutionary chain". Until now, almost all payment activities are still being handled through centralized financial institutions and are subject to interference and confirmation. It is considered one of the safest and most convenient ways to transfer Fiat money from one person to another until bitcoin appears. Bitcoin was created to weaken the current financial system

Due to the continued development of financial services and technology, destructive innovation was created in Internet finance. Whether this innovation is a supply chain model or a financial platform, the challenge for financial institutions is to make it easier to understand and meet customer needs, and to ensure effective management. Internet finance and traditional finance need to balance between data collection, information sources, style, and technology. Financial institutions have advantages in terms of customers, research and capital, and Internet companies have advantages in terms of technology, data and innovation. (1) Financial institutions are independent, develop Internet based business models to improve customer experience in cooperation with technology entrepreneurs, or (2) Internet companies themselves enter the financial services industry

The Somali telecom industry is a rapidly growing technology in Somalia and can be used as some telecommunications companies compete with customers without having access to powerful telephone or Internet regulated by the government . Competition for providing telephone service spurred the collapse of the Somalia economy. And it shows that even in the latest developed market in Africa, the company can prosper. With the support of expertise in China, Korea and Europe, Somali telecommunications entrepreneurs provide expensive mobile phone service. Users can send money via mobile phone to access the Internet, but these two wireless functions are not widely available in many other parts of Africa.