Influencer marketing has seen a massive explosion in popularity over the last year. Big Commerce goes on to note that 17% of businesses who use influencer marketing will sink more than half of their marketing budget on this channel in 2020. With such a massively growing industry, it's not surprising to see companies making a few missteps here and there. Influencers are, after … [Read more...] about How AI Can Solve Influencer Marketing Mistakes
Blockchain
The future of money may be blockchain. This technology is quickly changing the way we do business, and it has huge implications for organisations. Here's everything you need to know about blockchain technology.
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The incorruptible digital ledger, Blockchain is one of the most impactful technologies of this decade. Once started off as the technology behind the cryptocurrency “ Bitcoin, Blockchain is now powering-up enterprise data solutions in integration with modern technologies like IoT and Artificial Intelligence. Many industry verticals such as financial and legal services have … [Read more...] about Tiding Over Potential Blockchain Performance Challenges
2020 Post COVID-19: The State Of Data Privacy
The world has seen great technological advancement over the last several years, and plenty of them have made our lives a lot easier. Anyone can make a payment to someone on the other side of the world without leaving their computer. In a few clicks, you can order food, clothes, or even a new phone, computer, or use the maps to navigate the world with ease and never get lost, … [Read more...] about 2020 Post COVID-19: The State Of Data Privacy
Blockchain Technology and Supply Chain Management
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Blockchain: a Key Technology for Internet of Things (IoT) Solutions
Blockchain has gained enormous attention since it was first launched as a form of distributed ledger technology back in 2011 - and not only for its cryptocurrency potential. From revolutionising the music, real estate, logistics, recruitment and healthcare industries, to upending the way we receive funds and pay bills, blockchain has been hailed as transformational on many … [Read more...] about Blockchain: a Key Technology for Internet of Things (IoT) Solutions
What is blockchain?
Blockchain is a type of distributed ledger, or a growing list of records, called blocks, linked together using cryptography. Each block contains a timestamp and a link to the previous block. Blockchain is often used to verify and oversee transactions, such as real estate or cryptocurrency purchases or diamond trades.
Beyond this, however, blockchain technology has the potential to revolutionize many industries, but it’s still in its early stages of development. Today, blockchain technology is also used to create new applications, such as contracts and supply chain management systems.
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How does blockchain work?
At its most basic, a blockchain is a digital ledger of transactions. When someone wants to make a transaction, they broadcast it to the network, and the computers in the network verify it. Once verified, it is added to the blockchain as a block. Blocks are chained together, forming the blockchain.
This chain is distributed across the network, so everyone has a copy. Transactions are secure because the network verifies them before they are added to the blockchain. And because everyone has a copy of the blockchain, it is tough to fraudulently add or remove blocks from the chain.
Who owns blockchain?
No single entity controls the technology. Instead, blockchain is maintained by a network of computers all over the world. However, we can trace the origins of blockchain back to a single person: Satoshi Nakamoto. Nakamoto is the pseudonym used by the person or team who created the first-ever cryptocurrency, Bitcoin.
Why is blockchain important?
Blockchain is important because it is secure and tamper-proof. Transactions recorded on the blockchain cannot be changed or deleted, making it an ideal way to track financial transactions. In addition, blockchain is transparent – anyone can view the transaction history of any given address.
This transparency helps to ensure that all transactions are legitimate and that no one is trying to cheat the system. Finally, blockchain is decentralized, which means that no one person or organization controls it. This makes it resistant to manipulation and creates a level playing field for all users.
What companies use blockchain?
From start-ups to Fortune 500 firms, many businesses are incorporating blockchain into their day-to-day operations. In doing so, they are improving efficiency and transparency and opening up new opportunities for innovation.
How is the blockchain changing money and business?
A blockchain is a powerful tool because it is distributed across a network of computers, making it virtually impossible to tamper with. This makes it an ideal tool for tracking sensitive information. For example, many banks are now experimenting with using blockchain to settle international payments, which can significantly reduce transaction times and costs.
Blockchain is also being used to create an immutable record of digital assets, such as copyrights and votes. As technology continues to develop, there are endless possibilities for how it can be used to change the way we do business.