The inability to verify someone’s identity in an online setting has been a thorn in the Internet’s side for years. That’s why most service providers that conduct business online require access to personally identifying information (PII) in order to check who’s on the other end. This is usually followed up by the creation of a unique username/password combination that the user will use for authentication in the future.
Blockchain is a decade-young technology. But it can be a mere nothing for those unaware of the potential it holds and how it can transform major industrial processes. It was initially used to create a decentralized, peer-to-peer digital currency that could revolutionize how people used and transacted money. Since then, the world has seen unprecedented developments in the blockchain technology and has discovered various other ways to put blockchain to use.
Blockchain gave birth to a new form of economy that is built over cryptocurrencies. This makes many think that blockchain and cryptocurrencies are a rival of the existing fiat economy. The reality, however, is that they present vast use cases to it.
Blockchain in healthcare improves overall security of patients’ electronic medical records, resolves the issues of drugs authenticity and drugs supply chain traceability, and enables secure interoperability between healthcare organizations.
1994. That was the year when American computer scientist Nick Szabo, often considered as the person behind the pseudonym Satoshi Nakamoto, proposed the concept of a smart contract for the first time.
This tutorial will act as a starting point for those trying to understand the Hyperledger Fabric blockchain
When you go to a bank or log on to your internet banking portal to transfer funds to one of your friends, you place your trust upon the bank employee and the financial system for the funds to reach the right account in a safe manner.
The 2017 bitcoin moonshot was temporary, but when you look at the bigger picture, you realize that it brought to the limelight a highly disruptive technology, the blockchain, which not only stayed but also gained wider adoption across numerous industries.