Month: December 2019

Blockchain for Education

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Blockchain Technology for Education

In the education sector, digital identity, trust, transparency and provenance, immutability is all very important, especially when it comes to the requirements of factual data storing and sharing. While Blockchain-related work in the education sector is not as advanced as the Finance industry, it is clear that the Blockchain can be used effectively for permanently storing and securing certificates, degrees, mark sheets, awards and achievements. It can also be used for payments and funding between students and other key players in the industry.  Furthermore, the use of Blockchain Smart Contracts…

Blockchain – Properties

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Trust “There is one thing that is common to every individual, relationship, team, family, organization, nation, economy and civilization throughout the world — one thing which, if removed, will destroy the most powerful government, the most successful business, the most thriving economy, the most influential leadership, the greatest friendship, the strongest character, the deepest love. On the other hand, if developed and leveraged, that one thing has the potential to create unparalleled success and prosperity in every dimension of life. That one thing is trust.” The speed of Trust, by…

Blockchain – Challenges

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While Blockchain is not necessarily the solution for every company and every problem, it still remains underutilized for many use cases. During the 2019 Blockchain Congress Geneva, Toufi Saliba ( 2019) presented that less than 0.2% Global Adoption Over 99.8% are still excluded, and he listed five problems related to the necessary Security, Efficiency, Confidentially Scalability and Interoperability. He explains further that ledger-based Blockchains fall short in providing true decentralization of power resulting in network forks or increased risks of 51% attacks”. Size of the network is vital, because if…

Blockchain for Supply Chains

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Supply chain use cases for Blockchain apply from the origin of monitoring and verification of manufacturing or production, Inventory management & asset tracking, vendor payments to regulatory audit & security functions and its application to the food, pharmaceuticals, automobile and several other industries.  In today’s world, supply chain involves large networks of disparate partners that need to manage through complexity of diverse digital distribution models and global networks. The Blockchain technology is ideally suited for establishing a shared, immutable record of all the transactions that take place within a network,…