The only realistic solution to solving the enterprise data loss problem is data decentralization. I once heard a talk by a great CSO and his comment really stuck with me. Hackers can fail 999 times out of 1000 and still be very successful but we have to succeed every single time or we have failed. The reality is that the best and brightest companies get hacked and it's not … [Read more...] about Data Loss Prevention – It’s All About Decentralization
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.
Will Blockchain and Smart Tech Disrupt the Energy Market?
Energy is power. That doesn't sound like a very controversial statement, but if Solar Bankers gains momentum through its revolutionary use of blockchain, solar energy could disrupt the current infrastructure. Should power companies be concerned? That depends on just how disruptive Solar Bankers' model becomes. And it could become very, very disruptive. As it stands, utilities … [Read more...] about Will Blockchain and Smart Tech Disrupt the Energy Market?
Tokenomics: Why and How Tokens Fuel the Decentralised Economy
The decentralised economy is booming, despite heavy losses on the crypto market in the past months. In the first quarter of 2018, venture fundraising in blockchain startups has been more than 40% of the total VC funding in 2017, promising a good year for crypto startups concerning VC investments. On the other hand, nearly 50% of the companies that did an ICO in 2017, have … [Read more...] about Tokenomics: Why and How Tokens Fuel the Decentralised Economy
Two Overlooked Factors Cryptocurrency Newbies Need to Pay Attention To
Words and terminology are sometimes created to better understand a particular world. Cryptocurrency created a whole new financial world and with it came a number of terms like 'market cap.' The important thing is not to let the mystery of these words intimidate investors, especially newcomers. The market cap refers to the amount of Fiat monies supporting a cryptocurrency. … [Read more...] about Two Overlooked Factors Cryptocurrency Newbies Need to Pay Attention To
3 Ways How Blockchain Could Disrupt the Telecom Industry
The Telecom industry is known for reinventing itself. In the early days of telecom, fixed landlines were the key product of Telco's, while with the advent of the mobile phone this moved to mobile subscriptions and the massive cash cow SMS. However, in recent years, for many Telecom organisations the main revenue is no longer call but data, which required another change in their … [Read more...] about 3 Ways How Blockchain Could Disrupt the Telecom Industry
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.