One of the most important technologies in recent memory is blockchain. Blockchain technology has become one of the most buzzed-about topics in business, with many people hailing it as a potential game-changer for their industries. IoT adoption is another major topic that has been gaining traction for quite some time now. However, there hasn’t yet been much discussion about how blockchain could … [Read more...]
Why Investing in Blockchain Technologies Can Help Your Business Get Ahead of the Competition
Most people will be familiar with the blockchain as the foundational technology for Bitcoin and other cryptocurrencies. Recently, however, organizations of all kinds have been finding innovative ways to extend blockchain technology’s utility beyond crypto. Scores of enterprises around the world, from multinational companies to up-and-coming startups, now employ blockchain to facilitate the … [Read more...]
What Are the Types of Blockchain?
A blockchain is a continuously expandable list of records in individual blocks. New blocks are created according to a consensus procedure and attached to an existing chain using cryptographic methods. Each block typically contains a cryptographically secure hash (scatter value) of the previous block, a timestamp and transaction data. A blockchain is an example of a distributed ledger technology … [Read more...]
Is the Blockchain Hype Running Out of Breath?
What do we need for the blockchain? Why is there such hype around the 40-year-old technology? What are the problems? Answers to these questions were given on this website through a number of articles on blockchain. Yes, blockchain has already exceeded the hype, but that does not mean that the technology is no longer attractive. We are now on the plateau of productivity and we have understood what … [Read more...]
How Blockchain Can be Used in Education
Blockchain has arrived in reality and many of us already know what it is for and what it is not. In this article, we will focus on application examples of Blockchain in education. As with every hype, there was a lot of euphoria in the beginning with blockchain. Because with Blockchain, transactions could be sent in a forgery-proof way and could no longer be manipulated afterwards, it was believed … [Read more...]
The Blockchain Industry is Lagging in App Development
The number of blockchain use cases is constantly increasing. But still, killer applications are missing. It does mean that the developers have a chance to offer new applications. The proportion of those who already use the blockchain technology is currently only six per cent. The number of industrial users had already been at exactly this level in 2018 and 2019. Despite all operational … [Read more...]
Blockchain and B2B Processes
Blockchain is seen by many experts as a revolutionary technology because for the first time truly secure digital transactions on the net become possible involving blockchain. If people enter into a trade or contractual relationship via blockchain, the associated data and documents are no longer on the central server of an intermediary, but in a distributed database in a worldwide peer-to-peer … [Read more...]
Decentralized Identity and Blockchain
In our previous article, we discussed the basics on blockchain for Digital Identity. The outstanding features of blockchain technology are - Transparency, Immutability, Timestamp and Trust without the help of an intermediary. The blockchain protocol is good to use in two ways, first as a proof of authenticity and second for the backup mechanisms. In addition to public verifiable credentials such … [Read more...]
Blockchain in Digital Identity
With blockchain, individuals and machines can identify themselves in digital networks unambiguously in a tamper-proof manner. In many places, the COVID-19 pandemic praised the creativity of teachers when the school material was conveyed via or WhatsApp. The initiative is considerable, and it highlights the state of digitalization. After all, in an increasingly digital world, many companies are … [Read more...]
What are the advantages and disadvantages of the blockchain?
Blockchain technology raises hopes across industrial boundaries. In particular, the retail trade, logistics and the financial sector have already gained experience. We have an easy to understand article on blockchain written in plain English. A blockchain makes it possible to transmit information in a tamper-proof manner using a decentralized database shared by many participants so that copies are … [Read more...]
Importance of Contracts With Consortium Blockchains
The hype surrounding the Blockchain has meanwhile given way to the question of what problems the technology could solve. The buzzword alone does not pull anymore and results must come from. However, there are no doubt suitable fields of application , for example in the transfer of rights. There are three main types of blockchains: open, private and consortium blockchains. The consortium blockchain … [Read more...]