The world is changing and so does the way we handle our cybersecurity issues. Securing our systems has become so advanced such that people without knowledge about the security of various systems are finding it hard to survive in a technological world that is changing on a daily basis. Hackers are becoming more advanced in their undertakings such that they are jeopardizing our … [Read more...] about Lattice Cryptography Countering the Effects of Quantum Computer
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.
Why We Should Embrace Technology to Change Globalisation
We live in a world where increasingly globalisation is under threat. The biggest threat comes from trade wars, started by Mr Trump, that could significantly harm the world economy. This week, the International Monetary Fund warned that Trump's trade war could cost the global economy $430 billion in 2020. As the IMF's report states, all countries will suffer, but the USA the … [Read more...] about Why We Should Embrace Technology to Change Globalisation
One Single Technology Could Have Prevented All the Biggest Data Breaches in the Past Year
If you've followed the news in the last year, you have probably heard about at least one major data breach exposing the information of millions of Americans. In 2017, there were a record-breaking 1,579 reported data breaches, a 44.7% increase over the numbers reported in 2016 (which was also a record-breaking year). This explosive growth in the number of reported breaches each … [Read more...] about One Single Technology Could Have Prevented All the Biggest Data Breaches in the Past Year
How Blockchain Will Build Better Manufacturing
With dozens of cryptocurrencies making their ICO, it is no surprise that blockchain is getting more and more media coverage. What was once a purely financial technology, it is an append-only ledger after all, has shown some surprisingly expansive potential into other industries with the release of add-ons like smart contracts and tokenisation. In manufacturing, an immutable … [Read more...] about How Blockchain Will Build Better Manufacturing
How Blockchain Can Save The Climate The Poseidon Foundation
This article is sponsored by The Poseidon Foundation. Let's assume it took you about two seconds to read the above headline. You're hopefully interested in reading on, but otherwise, I'm sure it feels like little else has happened. Well in those two seconds alone an area of forest nearly as large as a soccer pitch has been cut down worldwide, which equates to 18.7 million acres … [Read more...] about How Blockchain Can Save The Climate The Poseidon Foundation
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.