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One of the greatest challenges in building a decentralized solution through a blockchain platform is ensuring that it is a system of governance to manage, transact, maintain and scale the solution. A decentralized government would combine the openness of democracy with the merits of an information-based society. This includes the virtues of security, transparency, computation, prediction, strategy, attention, bandwidth, power, storage,…
MultiChain is a platform where users can establish and deploy private blockchains within an organization or between organizations. It is an open source platform based on Bitcoin’s Blockchain, except in MultiChain you must configure the multichain at every node as opposed to the Bitcoin Blockchain where anyone can connect and transfer assets on the chain.
Blockstack is an ecosystem of decentralized applications (dapps) intending to bring the nature of blockchain to the entire internet by means of security and digital rights. It uses a new DNS (domain name system) built on top of blockchain as the basis of the dapps, allowing users to attach information to identities stored in the blockchain, enabling them to communicate and connect with one another in a direct, encrypted manner.
Ethereum is an open-source computing platform that includes smart contract functionality. Ethereum uses its token, Ether, to transact accounts and compensate for computations performed. Web3j provides an integration layer to the Ethereum blockchain for Java applications. Photo credit: https://developer.oracle.com To start, anything that is computed within Ethereum and executed is considered a transaction. For example, if a user INSERTS data…
Over the past few years, the number of patent applications filed for blockchain technology in healthcare has doubled across the United States, Europe, and Canada. The first blockchain application released was Bitcoin which was not immediately patented. Since then, patentability of blockchain technology has been on the rise while the exponential growth of development in blockchain has been nothing short…
A genesis block is considered the first block in a blockchain. It is almost always hardcoded into the application that utilizes its blockchain. It does not reference a previous block since there wouldn’t be a preceding block. A genesis block should not be confused with a generation transaction which is considered the first transaction a miner creates in a block. Blocks hold transactions that store unalterable data related to the network. Blocks are then hashed and encoded into a Merkle tree. A block, plus all of the blocks preceding and following it, form a blockchain. Each block replicates all of the data contained in the previous block. A blockchain is a list of records that is expanding all of the time. It all begins with the Genesis block.
Sheer volumes of data in our world has been expanding exponentially. Analyzing large, complex sets of data has become a necessity in understanding the wealth of information derived from data. Data is a key strategic asset that has the potential to change the way we operate as a population from curing diseases to saving lives. In 2011, McKinsey & Company estimated that if we use big data creatively to drive efficiency and quality, we could add more than $300 billion in value each year for just healthcare alone. Now that enterprises are keeping a larger amount of unstructured data, they are looking for new ways to leverage it, paving the way for a paradigm shift in advanced levels of analytics. Here are a few ways to uncover the hidden realities of data and shift into transparency as we develop Blockchain technology into the future.
Many may not notice it, but its actually happening. The collapse of social media is happening while we don’t even realize it. In fact, we as a society are fueling this collapse without even knowing it. Once social media begins charging its users, more than 50% of the user base will vanish and rehab back into society. What we don’t realize perhaps is that this is already happening in a very “back-door” sort of way. How you might ask?
Its time to realize what social media is doing to the very fabric of this society and our ever-changing economy. We, as people need to set the standards before the standards are set upon us. Regulating social media is not the answer, we must create a reason for people to get off social media, not receive more harm from social media in the form of regulations. We can do something about this now.
We have all been in that situation where social media has either destroyed us or destroyed someone we know. Social media has gone extremely far, to the point where it’s very hard to imagine a life without it, let alone how to retract from it. How do we go back from social media and save ourselves now?