From collectable trading cards in video games to a limited edition piece of digital art, the idea of online assets has been around for quite some time. Gamers, collectors, and other enthusiasts have enjoyed amassing, trading, and sometimes selling, various forms of digital assets. But the question has always been How much are digital assets or collectables really worth? Whether … [Read more...] about 3 Ways that Blockchain Gives Digital Assets Value
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.
How Blockchain will Transform Artificial Intelligence
The research on improving Artificial Intelligence (A.I.) has been ongoing for decades. However, it wasn't until recently that developers were finally able to create smart systems that closely resemble the A.I. capabilities of humans. The main reason for this breakthrough in technology is advancements in Big Data. Recent developments in Big Data have allowed us the capability … [Read more...] about How Blockchain will Transform Artificial Intelligence
How Identity of Things (IDoT) and IoT on the Blockchain Could Impact Autonomous Vehicles
The age of autonomous vehicles is upon us, even sooner than many experts predicted. While there's still a long way to go in terms of full automation, GM has filed a request with the federal government to begin manufacturing cars without steering wheels as soon as 2019. Google's sister company Waymo has driven millions of miles in Phoenix without the help of drivers. As we move … [Read more...] about How Identity of Things (IDoT) and IoT on the Blockchain Could Impact Autonomous Vehicles
Could a Global Mesh Network and Blockchain Build a New Internet?
How far can the blockchain revolution go? Have you ever seen so much skepticism and excitement and rapid innovation all at once? The last time there was this much uproar around technology was when the World Wide Web blossomed in the 90s. Lo and behold, there may be a new blockchain-based internet surfacing, one that could democratize the internet to an extent no one has yet … [Read more...] about Could a Global Mesh Network and Blockchain Build a New Internet?
Google Bans Cryptocurrency Ads: What Does This Mean for the Industry as a Whole?
On Wednesday, March 14, Google announced that it would no longer run advertisements from cryptocurrency agencies on its massive and dominating search engine platform. As the largest online advertisement provider in the world, Google has unmatched authority and as such, is the go-to spot for companies looking to boost their visibility, build brand exposure and gain instant … [Read more...] about Google Bans Cryptocurrency Ads: What Does This Mean for the Industry as a Whole?
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.