Before the invention of blockchain, whenever someone made a transaction, it required trust. Restaurants had to trust that diners would pay with non-counterfeit money, banks had to trust that a loan recipient would pay his mortgage, businesses had to trust that their contracts were legally binding and that both parties would deliver what they agreed to. The same is true for … [Read more...] about What Are Smart Contracts?
Ethereum
How can Blockchain and IoT transform supply chain management?
Supply chain management is a complicated area that has various challenges. For many years, businessmen of different industries have been working on providing just-in-time safe delivery and supply chain transparency. Blockchain technology has tremendous potential to transform supply chain management. By storing and managing supply chain data and allowing autonomous transactions, … [Read more...] about How can Blockchain and IoT transform supply chain management?
How Blockchain Will Revolutionise the Retail Industry
Now the retail sector is seeing a rapid transformation. Such technologies as IoT and Big Data have already started penetrating the industry. Coupled with mobile apps and machine learning, they enable retailers to take a deep look at customer needs and preferences. By using technological innovations, retailers can get various advantages and opportunities, for example, the … [Read more...] about How Blockchain Will Revolutionise the Retail Industry
Beyond Bitcoin: Seven of the Top Trending Cryptocurrencies
When most people think of a cryptocurrency, the first thing to come to mind is probably Bitcoin. But Bitcoin is just one of many. At the moment, there are over 1275 cryptocurrencies, with a total market cap of over $200 billion, each of which offers different values and benefits. Unlike traditional currencies like dollars and euros, which have a fixed value regardless of how … [Read more...] about Beyond Bitcoin: Seven of the Top Trending Cryptocurrencies
What is the Blockchain part 4 Transactions and Smart Contracts
Blockchain is rapidly gaining attention from organisations in every industry. However, it is a difficult to understand technology that, if not executed correctly could result in serious harm for your organisation. Therefore, in this series of posts on the blockchain, I explain what the Blockchain is and how it affects your organisation. The first part was a generic introduction … [Read more...] about What is the Blockchain part 4 Transactions and Smart Contracts
