The purpose of innovative solutions is to be more efficient, secure and trusted in comparison to present solutions. While blockchain for sure has proved to be more secure and trustworthy, there seems to be one area in which more innovation is required to polish it up and make it to near perfection. That is the area of efficiency.
The introduction of blockchain technology changed the general idea of working harder than wealth. However, this issue has helped the economy to some extent.
By Wirba Brice Divine Ransinyuy. [email protected] Yes, Bitcoin is beginning to take its stands as times goes on. Though it is a new type of digital currency, it is already worldly known by all as in every continent in the world, starting from America to Africa, though some continents have users of bitcoins more than […]
Blockchain has proven that international aid can increase efficiency and transparency. The biggest difficulty in providing support is the large number of arbitrators in the value chain. Most poor people are not transparent and often misuse their money. This is worse than ever because many areas (buyers) do not have a support infrastructure.
Electronic securities have become a talking point in recent times, that is for the past and recent years. In the face of innovation and constant changes in the domain of the digital world, there is the need of a spontaneous and adequate response in order to preserve online information and transactions in tact.
Enterprise blockchain is designed slightly different from private blockchain in general. Remember, there are three main properties that are taken into consideration when designing a blockchain.
To prevent ineffective social support, the government needs to create a traceable system for monitoring the social security transaction. This feature is where Blockchain can be used as a support system to ensure every citizen can get their social support. Here are the analyses on how it could implement.
The insurance market is one of the largest and dynamic industries. It is one industry where quick decisions need to be made based on real and authentic data as well an industry fraught with fraud, inefficiency and unprocessed claims amounting to billions of dollars. How will blockchain technology help such an industry?
By Lumai Mubanga. [email protected] In a previous article, I pointed out that distributed systems are the foundation of the bitcoin/block chain technology. It is now common knowledge, despite many current debates for and against this technology that the world is at a verge of a major breakthrough in technological advancement. For example, think for a […]
In the previous article entitled “Blockchain technology, a culmination of old technologies” we discussed two old technologies on which blockchain is built. These are cryptography and distributed systems. In this article, we move a step further to discuss additional features that have made blockchain what it is today.
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