In some developing countries, scholarships are not given to the needy groups of society with transparency and fairness. How can blockchain be applied to achieve fairness and transparency in the selection and award process?
By Lumai Mubanga. [email protected] There are different types of Bitcoin users, from the very basic user to the most advanced users. It is very important for users to understand at what level they are involved in the cryptocurrency space in order to derive the most benefits from the system. It’s all about knowing how the […]
By Wirba Brice Divine Ransinyuy. [email protected] This might sound surprising, but the fact is there digital currency is amazing and very nice to use, whether you use it for a private a public reason. It remains very outstanding as a source of digital currency. The interesting fact about this type of currency in particularly the […]
Today, there are three major problems with how we transact online today: users have low privacy, fraud prevention efforts cost businesses a lot of money, and password-based authentication leads to frequent data breaches. Will the blockchain-based self-sovereign Identity rectify these?
With the introduction of Bitcoin, that has really increased the traffic with the internet. Many have benefited from Bitcoin others have lost to and the number isn’t small. But the funny thing about all this that, this rich scheme model, most world richest are still skeptic about it.
A ticket to a tourist destination could disappear at one time and appear again near the purchasing time limit at a higher price. Refunds and rescheduling also become a problem for most travelers. Blockchain has become a solution to prevent fraudulence in many sectors, also in ticketing platform.
Many IoT systems have a single point of failure. Once that single point of failure is attacked, the whole system becomes compromised. Can blockchain turn the tables?
If you deal with bitcoin, to stay in the game, you have to be very vigilant. The value of bitcoin fluctuates often. You have to know when to trade if you are trading in bitcoin, or to know when to buy or sell. If you don’t stay vigilant when trading with bitcoin, you may lose everything.
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.
In part one, we stated that blockchain is not the answer or magic bullet for any challenge or problem. This article considers three more.
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