Tag: stocks

Genesis, Blockchain Version

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.

Read more

Illuminating Enterprise Dark Data with the Blockchain

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. 

Read more