The Year of Blockchain & Its Frameworks – Strong Backbone for Businesses – Stuart Haber and W. Scott Stornetta authored a paper in 1991 detailing the preservation and protection of past data through the use of cryptography. This can be called a foundation of Blockchain.
Blockchain is a new approach to manage/monitor financial/non financial transactions and proof of authenticity for the records . In this article, the idea is to draw a coarse sketch of an inflated scenario of
- How Blockchain at foundation layer of fintech may interact with us in the future?
- How much trust blockchain can build in its data records / ledger? i.e measurement of trust
- How this combo warrants or perhaps mystify the two superpowers? i.e Validity, Governance and Reliability
Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting costs for all involved. In nutshell crypto and blockchain are closely related, but they are not the same thing. We are about to enter in the new era of blockchain i.e blockchain 4.0
What is Blockchain Technology? How one blockchain can have Infinite possibilities & opportunities in hand in this red ocean market world.
Intelligence with Blockchain as a backbone
In order to have strong, robust, intelligent and secured innovation hub or powerhouse lab with smart setup and built-in artificial intelligence is the key success factor of today’s technology business. Without such efforts, it would appear like joining blocks without reference of the previous block.
In other words, a blockchain is essentially a type of distributed database–a way to store information. What makes it different from a traditional database is that it is designed to be a store of information that is shared and owned by the entire network.
Categories: Artificial Intelligence