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…
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…
Author: Laura Marissa Cullell Or is there more to it? e-Estonia is commonly touted in the Blockchain community as a digital republic that utilizes blockchain technology. It is viewed as a haven for EU start-ups, with their e-residency model spread far and wide as a prime example for technological progress. My MA thesis research on Blockchain and the Sustainable Development Goals took me down the rabbit hole on e-Estonia and I found out that e-Estonia, is in fact, not technically on blockchain. So how did we get here? This article will provide an in-depth…
When Toufic Al Rjula applied for asylum in the Netherlands four years ago, he handed over all the original copies of his documents to the immigration office: his passport, his driver’s license, everything. “They even took my library card,” he says. His asylum claim took two years to be processed, during which time he had no legal proof of his identity. Al Rjula, who is Syrian, had been living in the Netherlands on a work contract before seeking asylum. “I thought: ‘I live in the Netherlands, I have a tax…
India is known for its demographic dividend which can propel it to become the next China-like story or even better. For those of you who don’t know, demographic dividend as defined by the United Nations Population Fund means, “the economic growth potential that can result from shifts in a population’s age structure, mainly when the share of the working-age population is larger than the non-working-age share of the population.” India sits at the helm of this demographic dividend because half of India’s current population of over 1.2 billion is under…
Market Research Future (MRFR)’s study has shown that the global Blockchain technology is anticipated to exhibit a compound annual growth rate (CAGR) of 66.4% during the forecast period 2018 to 2023. MRFR is a research group that bridges the gap between clients by identifying and decoding the target group, while generating leads with accuracy. The assessment indicates that the global market is poised to scale a valuation of USD 7,128 Mn towards the end of 2023, observing an upsurge in the adoption of Blockchain for smart contracting, digital payments, and…
Blockhain in the new buzz word in the industry. Now a days, everyone seems so fascinating to apply blockchain in their current business model or want to resolve existing problems using the blockchain technology. But blockchain can not be used in every case. You have to carefully analyse user business problem before utilising this new promising technology. In this article i will try to cover the basic requirements for the need of Blockchain based solution for a business problem. So lets begin: Step 1: Define your business problem and try…
SegWit (short for Segregated Witness) is a protocol upgrade that changes the way data is stored. It was activated on litecoin on May 10, 2017, and on bitcoin on 23 August, 2017. Developer Pieter Wiulle first presented the idea at the Scaling Bitcoin conference in December 2015. Many hailed it as a long-awaited solution to bitcoin’s scaling problem. The maximum block size in the main protocol is 1MB, which restricts the number of transactions bitcoin can process to approximately 7 per second. This was going to limit bitcoin’s potential growth,…
Learn common blockchain technology terminology. Our blockchain technology glossary is a complete blockchain 101 guide to help you understand this new technology by explaining commonly used terms and their meanings. Scroll down to learn more 51% AttackAn attack on the blockchain that results in a group of miners controlling over 50% of the network’s mining hashrate, a term used mostly in reference to Bitcoin. Accidental Fork An Accidental Fork happens when two or more miners find a block almost simultaneously. One chain then becomes longer than the other and the…
Telangana govt, ChitMonks partner to launch blockchain-based chitfund system ‘T-Chits’ The government of Telangana, through its Registration & Stamps Department has collaborated with T-Hub startup ChitMonks to launch T-Chits, a blockchain-based chit fund administration As the chit fund business in India got corporatized, regulations to administer the business and protect the interest of all subscribers involved also evolved. The Central act of Chit funds, which came into effect from 1982 has since been the guiding book for all the regulators across India. At the state level, governments are responsible to…
Stamps and Registration Department partners with ChitMonks In a first, the traditional chit fund administration is powered by the secure blockchain technology as the Stamps and Registration Department partners with ChitMonks, a start-up, to launch T-Chits. At a time when all record-keeping is manual, the initiative is aimed at bringing trust among subscribers and ensure that there is no manipulation of numbers. ChitMonks on Thursday said T-Chits intends to bring assistant registrars of chits and registered chit funds on the blockchain network. This would bring about ease in business. “The…
Article By Toufi Saliba & Forbes Technology Council Blockchain has yet to go mainstream, which isn’t at all surprising. However, maybe this can be changed because the promises of the blockchain are too good to pass on.There are thousands of blockchain projects in the world today, and while it can be difficult to tell which ones are capable of long-term success, it is possible because you can assess whether they are missing necessary elements in their current design (and many are).In security, there is a saying: “You are as strong as your weakest link.”…
As blockchain transitions from hype to reality, various issues are coming to light. Further, it is also becoming clear that the technology requires more detail in terms of enabling better understanding, hence better implementation. Notably, blockchain implementation challenges simply imply that there is more to work on before the technology can fulfil its promise. Interestingly, getting to the bottom of the challenges requires a good understanding of the technology and what it entails. Further, blockchain is quite undefined as it is today. As such, one might not be clear on…
Swiss e-government startup Procivis and the Communication Systems Group CSG at the Department of Informatics at University of Zurich have announced their collaboration to develop an electronic voting solution. The planned platform aims to cover the entire voting process electronically and in a seamless manner, from the provision of voter information to the evaluation of results. After successful development, the blockchain-based solution is planned to be made publicly available as open source software. The project announced today has been initiated by Swiss e-government specialist Procivis and the CSG, led by…
Bitcoins have rapidly gained popularity, but what is the currency’s legal status? This week Germany revealed that it sees the virtual payment method as “private money,” but its tax status remains unclear. The value of bitcoins has become widely accepted. The virtual, Internet-based currency can currently be traded in for about $120 each, according to Mt. Gox, a popular bitcoin exchange. But now they are also gaining a legal footing — at least in Germany, where the Finance Ministry has declared bitcoins to be a “unit of account.” The designation…
Part Two: In part two we will cover some more fundamental aspects of the Ethereum blockchain such as wallets, transactions and gas. While giving you a brief overview of the similarities and differences of centralised applications vs decentralised applications, and what kind of development environment should be used along with some key tools for smart contract and decentralised application development. If you have just joined the series please see part one to start from the begininng https://medium.com/bitfwd/ethereum-development-crash-course-part-one-327dee16878b More Ethereum 🐰🕳 Article one covered some of the main key points behind Ethereum’s…
Part One: In Part One of this series, we will cover the basic fundamental knowledge of Ethereum, what is it, how does it work, what are the primitives of Ethereum and its structure. What is Ethereum 🌎 Ethereum is an open source distributed ledger that was originally proposed in late 2013 and then released to the public in 2015 by a Canadian called Vitalik Buterin. He was originally born in Russia and then he migrated as a child to North America. With an IQ of 150+ and a strong technical mind,…
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