Category: Blockchains
2022 The Year of Blockchain & Its Frameworks
Blockchain is a 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 the foundation of Blockchain.
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Blockchain as a POA – Proof of Authenticity
Blockchain technologies record promises, trades, transactions, or simply items we never want to disappear, allowing everyone in an ecosystem to keep a copy of the common system of record. Blockchain allows businesses to transact more smoothly and efficiently. To discover the power of business blockchains and distributed ledger technologies, you might have to wait for the next blog post.
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Quick catchup on Libra, Facebook’s crypto, since its big announcement
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Libra – A blockchain technology-based digital currency under formal concent, staged by the American social media company Facebook. This is yet to come into life and yet at a very basic level. Some experimental code has been released though. The launch is planned to be in 2020.
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Smart Contracts | Simple Plain Text
Smart contracts are hosted and executed on a distinct computer network known as a blockchain, such as Ethereum. This ensures that all aspects are accessible, secure, and unalterable. Smart contracts autonomously impose rules and stipulations without requiring human intervention. Smart contracts refer to software applications designed to facilitate the creation, verification, and implementation of contractual agreements. They make use of a sophisticated method known as blockchain to carry out their tasks. This cutting-edge technology enables them to carry out their tasks with a high degree of safety and efficiency.
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Blockchain Fundamentals In Plain Text
Blockchain is versatile in its application across multiple fields, including cryptocurrencies, supply chain management, healthcare, finance, voting systems, etc., where it can establish records that are easily auditable, trustworthy, and unalterable. Blockchain’s design structure is characterized by an uncomplicated and clear arrangement and is also notable for the absence of any intermediaries.
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Blockchain – The Strong Backbone for Businesses
It is a protocol like any other and reminds me of swarm intelligence. The architecture of blockchain presents a more secure way of saving and securing data. On one hand, this can reduce fraud on other hands it reduces transaction processing times and fees in the financial domain. Blockchain in the financial domain is used for below purposes (few examples)
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Bitcoin – Basics You Need To Know About
Bitcoin is a cryptocurrency running on a solid foundation provided by Blockchain as an underline technology. Bitcoin’s system uses a peer-to-peer network to reduce cost i.e double-spending. Since all transactions are broadcasted thus recorded and updated by all pears nodes, at end validate transactions. No central authority is completely decentralised. Distributed digital ledger, Swarm Intelligence, HyperLedger, and SmartContract kind of keywords always emerge whenever we talk about Bitcoin. For now, let’s focus on a few bullet points about this coin only as below.
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Is Blockchain hiding Swarm Intelligence in its blocks
Swarm Intelligence is a new form of A.I. that utilises technology that can leverage natural human instincts – intuitions, emotions and sensibilities, while making a decision by combining the best of both worlds.
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BlockChain as a Service (BaaS)
Blockchain technology is being used to distribute the financial market, rather than keep it in the control of a few major companies. How about the same concept with Artificial Intelligence so that it can deliver the values in a plug and play mode i.e As a Service technique. Any new startup if require or wants can just plug and play this service to get benefits rather then leaving it just few big hands.
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“Blockchain and Bitcoin” left you confused?
Blockchain technology is a digital innovation that is poised to significantly alter financial markets within the next few years, within a cryptographic ecosystem that has the potential to also significantly impact trusted computing activities and therefore cybersecurity concerns as a whole.
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BitCoin State of Blockchain and Artificial Intelligence in Fintech
Blockchain technology was first introduced in a white paper entitled “Bitcoin: A Peer-to-Peer Electronic Cash System” by Satoshi Nakamoto in 2008. Blockchain, Bitcoin, smart contracts, and AI are probably what they mean and how they can affect our lives, maybe or maybe not. There are many questions and issues surrounding these terms and new technology, and this post may answer some of the key questions, including:
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Blockchain a Succinct Fintech
Blockchain to transform financial services. Disruptive technologies transform traditional industries. The future computing will have extraordinary capabilities with expected factoring of a 3,000 digit number (40 power to 10) faster than today
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Blockchain and Artificial Intelligence
Computers start simulating the brain’s sensation, action, interaction, perception and cognition abilities. Blockchain is a new approach to manage/monitor financial and other transactions, Guarding an innovation department or powerhouse lab is a smart setup
