Back in January, Facebook led the way in banning cryptocurrency ads. The social media giant decided to break up with all the companies advertising binary options, cryptocurrencies, and ICOs on their platform. This was a bold move and it was soon reflected on the Google's decisions, too. In March, they announced their Financial services policy update for June 2018. Even this may … [Read more...] about The Repercussions of Facebook’s and Google’s Ban on Cryptocurrency Ads
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 Data Collaboration is the Next Revolution
If you believe, as I do, in the wisdom of the crowd, then it's time for a wholesale shift in how people think about data discovery and analytics. The current working model in the Big Data space typically has companies keeping all of their work within their walls. When they talk with others in their industry there's little collaboration for fear of destroying the value they have … [Read more...] about Why Data Collaboration is the Next Revolution
How to Protect Your Privacy Online
Data breaches are common occurrences these days, with personal information routinely stolen or misappropriated from social media, banks, retail outlets and other online sites. From the Cambridge Analytica scandal, which affected an estimated 87 million Facebook users to the data breach discovered by credit-reporting agency Equifax - which notified 143 million consumers in 2017 … [Read more...] about How to Protect Your Privacy Online
Being on the Bleeding Edge – Why Blockchain Scepticism Sounds Just Like the Early Internet Scepticism of the 90s
The late 80s and early 90s were known for a lot of things, but universal adoption of the internet was not one of them. Internet technology was still in its infancy and was expensive and difficult to use. Many mainstream experts criticised it as a fad or accused it of having far less potential than what was being parroted by its early adopters. Here is a Newsweek article from … [Read more...] about Being on the Bleeding Edge – Why Blockchain Scepticism Sounds Just Like the Early Internet Scepticism of the 90s
Where to Open a Business Bank Account in Europe as a Crypto Startup?
Many banks around the globe are not very crypto-friendly. Most of them simply refuse any company that has something to do with cryptocurrencies, whether you are a trading company or doing an ICO. These banks rather stay away from cryptocurrencies, being afraid of criminal activities such as money laundering. Although you could argue that the entire point of a crypto startup is … [Read more...] about Where to Open a Business Bank Account in Europe as a Crypto Startup?
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.