Posted on Leave a comment on Implications of Blockchain in Telecom Industry

Implications of Blockchain in Telecom Industry

Blockchain is a revolutionary technology that can be leveraged in many sectors to inculcate the trust and transparency, and increase efficiency in the processes. It is a decentralized ledger that helps form a trustless network among the different participants, thereby bringing failure-resistant capability. It is currently the most widely discussed technology among different industries, all trying to harness its potential.

Continue Reading “Implications of Blockchain in Telecom Industry”

Posted on Leave a comment on Blockchain Smart Contracts- Logical or not-so-logical

Blockchain Smart Contracts- Logical or not-so-logical

Where ever there is a mention of Blockchain on the internet, you will always find reference to Smart Contracts too. The word Smart Contract originated in 1997, when Nick Szabo, used it to describe physical objects that change their behavior based on data. Today, in Blockchain, we used this word in a different sense. It is used to describe a computation that happens on the Blockchain which is influenced/triggered by external events/information such as the weather.

Continue Reading “Blockchain Smart Contracts- Logical or not-so-logical”

Posted on Leave a comment on How to build an Effective Blockchain Solution?

How to build an Effective Blockchain Solution?

The Blockchain technology was launched through the paper titled Bitcoin, by, Satoshi Nakamoto, in 2008, as an amalgamation of public key cryptography, cryptographic hash functions, and proof-of-work consensus protocol. Technically, Blockchain is a digital ledger of records that are gathered in clumps of data called blocks and these blocks are connected with other blocks, eventually forming a chain ­­­­­­­­­- a Blockchain. Continue Reading “How to build an Effective Blockchain Solution?”

Posted on Leave a comment on Blockchain to Ensure Transparency in Carbon Credit Management

Blockchain to Ensure Transparency in Carbon Credit Management

What is a Carbon Credit?

Carbon credit is a certificate that allows the holder or any energy company to emit one ton of carbon dioxide. It levies a cost on carbon emissions by creating the value of the credit for every 1 ton of hydrocarbon fuel. And the organizations or the groups that act to reduce the carbon emissions, get the credit granted.

Continue Reading “Blockchain to Ensure Transparency in Carbon Credit Management”

Posted on Leave a comment on Procure-to-Pay Process – The Blockchain Way

Procure-to-Pay Process – The Blockchain Way

Blockchain, the technology which made the secure exchange of Bitcoins possible is disrupting many industries. It aims to digitalize processes and create a digital identity of physical objects on the Blockchain, so these can be tracked as well as traced back to the source of their origin.

Continue Reading “Procure-to-Pay Process – The Blockchain Way”

Posted on Leave a comment on Smart Oracles – How Blockchains Communicate With Outside World

Smart Oracles – How Blockchains Communicate With Outside World

Blockchain is a closed network utilized for secure transfer of value. There are public chains which allow anyone to become a part of the network and there are private chains which allow only certain authorized individuals or institutions to become a member. However, there will always be a world outside this network which might need to be contacted. Hence the question, “How Blockchains communicate with outside world?

Continue Reading “Smart Oracles – How Blockchains Communicate With Outside World”

Posted on Leave a comment on Why it is Necessary to have a Proof of Concept (POC)

Why it is Necessary to have a Proof of Concept (POC)

Proof of concept (POC) of a Blockchain Application or any other application is a working prototype that helps to establish evidence that the potential product can be successful. Developing a proof of concept can help a product owner to identify potential gaps that might interfere with the success. Continue Reading “Why it is Necessary to have a Proof of Concept (POC)”

Posted on Leave a comment on Can Blockchain Technology be ‘The Approach’ to Cyber Security?

Can Blockchain Technology be ‘The Approach’ to Cyber Security?

The cyber attacks are increasing very quickly and hence the threat to Cyber Security. In this article we have discussed about Blockchain Technology – whether it can be used to secure the cyber world or not? Continue Reading “Can Blockchain Technology be ‘The Approach’ to Cyber Security?”

Posted on Leave a comment on Blockchain Technology to Secure Mining Industry

Blockchain Technology to Secure Mining Industry

As the era of artificial intelligence and automation is around the corner, security has become one of the major concerns for the major businesses. And when we talk about security, the one technology which is gaining huge acceptance is Blockchain Technology.

Continue Reading “Blockchain Technology to Secure Mining Industry”