It is that time of the year again, and 2017 is over before we knew it. The Year of Intelligence brought us a lot of progress and change; from over-hyped ICO's to algorithms that created secret languages. As every year since 2012, I provide you with seven of the most important technology trends for 2018 to help you, and your business, prepare for the next year. Click here if … [Read more...] about The Top 7 Technology Trends for 2018
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 Zero Knowledge Proof Will Enable Trustless Transactions and Increase our Privacy
While the challenges facing the future viability of Bitcoin and other cryptocurrencies remain unresolved, the underpinning technology that supports Bitcoin, Blockchain, has the potential to revolutionise the way we leverage trust- and even the way we think about trust. Trust is a fundamental good that, while largely intangible, is key to the functioning of practically every … [Read more...] about How Zero Knowledge Proof Will Enable Trustless Transactions and Increase our Privacy
Blockchain in 2018: Beyond the Hype
The year 2018 is the year of blockchain applications with several ongoing use-cases coming to the realization and the vendor landscape also gained more depth and a better structure after years of press and vendor hype, fueled equally by commercial self-interest and a genuine desire for innovation. Firms like Forrester predict that we will see more serious blockchain projects in … [Read more...] about Blockchain in 2018: Beyond the Hype
How to Develop Smarter Mobile Apps on Blockchain
Blockchain technology is based on the chain of transaction blocks and the information related to these transactions is updated on all devices in the world simultaneously. In other words, Blockchains may be considered as an automatically notarised ledger. Using this technology, no middlemen or regulatory parties are involved in ensuring the authenticity of transactions, and it … [Read more...] about How to Develop Smarter Mobile Apps on Blockchain
Why We Should Use Blockchain and Artificial Intelligence to Enable the Imagination Age
When the web was developed over 25 years ago, the technologies in place significantly lowered the cost of building a global company. Thanks to the internet, it has become possible to reach a large part of the global population simply from behind your computer. Those companies who first understood the power of the web, and managed to execute their vision correctly, are now the … [Read more...] about Why We Should Use Blockchain and Artificial Intelligence to Enable the Imagination Age
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.