What is Blockchain Technology? Blockchain is a decentralised digital public ledger for tracking economic transactions. It’s designed to record not only financial transactions but everything that goes in it. The best feature of a Blockchain is that it allows to view user’s holdings and the transactions that they have carried out over the system publicly….
Category: Blackchain & Crypto News
Using Blockchain Technology Companies for Trade Finance
One of the most propitious industries for blockchain technology is trade finance. Many of the world’s largest banks are putting time into its research and development. Thanks to a consortium of 71 global financial leaders, R3CEV, much has been uncovered about potential uses of blockchain technology. Since 2021, R3 has executed several pilot runs in…
How Blockchain Can Re-Invent the Global Supply Chain
After it emerged in 2008, the technology behind the world’s most notorious crypto-currency, Bitcoin, held court on the fringes, attracting attention mostly from startups and the financial services sector. However, it has recently started to receive a lot of attention as companies gradually realize it could be valuable for many other things besides tracking payments….
Is Blockchain Technology Really the Future of the Internet?
1. Killing Trusted Third Parties: Blockchain the unchanging, scrambled, decentralized – record has a capability of making each concentrated procedure, action, and association completely self-ruling. This implies we can dispose of mediators, experts, and beat the trust of third parties. In this manner, streamlining each business, administration and non-benefit movement. The ebb and flow scene…
An Introduction to the Blockchain Technology for the Beginners
These days, technology is scaling newer heights of success at an unbelievably fast pace. One of the latest triumphs in this direction is the evolution of the Blockchain technology. The new technology has greatly influenced the finance sector. In fact, it was initially developed for Bitcoin – the digital currency. But now, it finds its…
Tips to Consider When Looking for a Blockchain App Development Company
Blockchain… It has become ubiquitous: left, right, and centre – we hear about this technology everywhere. But it has gained its prominence on merit: no one can raise doubts about blockchain’s multifunctional performance, dexterity, and flexibility. Today a number of blockchain application development companies come forward with their services and surely there’re a lot of…
How Can Blockchain Consulting Enhance Your Business Performance?
It’s not of critical character if you’re a bit conservative and insist on utilizing the tools that are time-honored, try to adjust them to the modern requirements of your enterprise, and hope that everything will work out in the end. But what’s the use of reinventing the wheel? Why not give innovations a chance and…
How Blockchain Might Combat Blood Diamonds
One of my biggest wishes for Africa is that we begin to aggressively solve our own problems using emerging technology. I strongly believe the next generation of problem solvers and innovative thinkers are well equipped to implement tailored solutions on the continent. Ideally, these solutions will stop the cycle of poverty and corruption. When it…
Blockchain for the IoT in Business
A New Horizon in Data Sharing Framework Blockchain is a shared distributed database for peer-to-peer transaction. The core of this technology is bitcoin – a digitally encrypted wallet for controlling transaction and payment system which was introduced in 2009. This transaction management system is decentralized and generally runs without any intermediary. These transactions are endorsed…
Main Features of Blockchain
Blockchain was originally created to be a decentralized ledger of Bitcoin transactions that take place within the Bitcoin network. A decentralized or distributed database/ledger essentially means that the storage devices, where the ledgers are located, are not linked to a common processor. The blockchain contains the ever-growing list of transactions by way of blocks. Each…