Posted on Leave a comment on Smart Contracts : The Next Generation Blockchain Platform

Smart Contracts : The Next Generation Blockchain Platform

Smart Contract, also called as self-executing contract, blockchain contract or digital contract, is a set of instructions that automatically performs the obligations under the agreement, which parties have committed to. By being immutable and cryptographically secure, Smart Contract gives us the security of Blockchain Technology, that is, it provides distributed trustworthy calculations.
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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 The Recent Ransomware Attack Could Have Been Avoided with the Use of Blockchain Technology!

The Recent Ransomware Attack Could Have Been Avoided with the Use of Blockchain Technology!

According to reports by various agencies, the recent cyber attack of ransomware knows as ‘WannaCry’ has affected over 200,000 computers in over 150 countries. The ransomware was supposedly spread through spam emails of fake invoices, job offers, etc. which had .zip file attachments. Once the attachment is clicked, it initiates the infections of WannaCry. However, one of the CISCO’s division believes that vulnerable systems which were left open on the internet could be attacked without any need for phishing.
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Posted on Leave a comment on Blockchain Technology – The New Assurance for Insurance Industry

Blockchain Technology – The New Assurance for Insurance Industry

Blockchain Technology based on Distributed Ledger concept is being exploited by BFSI companies to increase efficiency and reduce cost. While Blockchain has found wonderful use cases for the Banking and Financial Services organization, experts have predicted that it is going ‘Disrupt’ the insurance industry in a true sense. No wonder 3 of the 15 largest VC FinTech deals of 2016 went to Blockchain start-ups. Continue Reading “Blockchain Technology – The New Assurance for Insurance Industry”