Blockchain – Properties

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

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 and Use Cases for the SDGs

With the advent of Blockchain technology and its potential to disrupt the way the world has been doing business for many centuries, there is an intense amount of gossip and buzz and an ocean of online literature on the topic. The blockchain revolution is considered analogous to the internet revolution in 1994 but at the same time a diverse and a large population in the developed and developing world, alike, do not even know if there is something called Blockchain, let alone what it really is or going to be,…

Blockchain Use Cases for the SDG

With the advent of Blockchain technology and its potential to disrupt the way the world has been doing business for many centuries, there is an intense amount of gossip and buzz and an ocean of online literature on the topic. The blockchain revolution is considered analogous to the internet revolution in 1994 but at the same time a diverse and a large population in the developed and developing world, alike, do not even know if there is something called Blockchain, let alone what it really is or going to be,…

News Feed

Almost half a billion USDT minted in past 36 hours as Bitcoin rallies by Cointelegraph By Joshua Mapperson on October 22, 2020 at 5:34 am Of the 450 million new USDT tokens, more than 185 million have been distributed with 126.9 million USDT going to Binance alone Central bank digital currency could 'threaten' Bitcoin says CZ by Cointelegraph By Martin Young on October 22, 2020 at 5:16 am Binance boss Changpeng Zhao aired his views on CBDCs adding that Bitcoin could be under threat if a more advanced currency was…

Data Privacy

The Merriam-Webster defines privacy as freedom from unauthorised intrusion. Data privacy is not necessarily about secrecy or having something to hide. It is about control related to the use and disclosure of data (Cavoukian, 2017); the capability to choose whether the information is disclosed to others and determine how it is used, as mentioned by Steven T. Snyder (2019). Snyder also added that “The highest degree of privacy for an element of information would be if its owner had complete control over its dissemination and use for as long as…

Blockchains and 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 Stephen…

What’s a Sybil Attack & How Do Blockchains Mitigate Them?

31 AUGUST 2018, BENNETT GARNER A Sybil attack is an attempt to control a peer network by creating multiple fake identities. To outside observers, these fake identities appear to be unique users. However, behind the scenes, a single entity controls many identities at once. As a result, that entity can influence the network through additional voting power in a democratic network, or echo chamber messaging in a social network. The United States’ recent trouble with Russian election influence via fake accounts on social media is an easy-to-understand example of a…

Can Blockchain Keep Refugees From Becoming “Invisible”?

‍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…

How India can capitalize on its demographic dividend through blockchain

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…

Blockchain Technology Expected to Grow 66.4% in next 5 Years According to MRFR Research Findings

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…

How to identify do you really need Blockchain for your business problem?

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…

Blockchain Glossary

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’

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…

Now, blockchain tech powers chit funds

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…

ConsensusPedia: An Encyclopedia of 30+ Consensus Algorithms

Further Reading: ByteBall , Credits: Vaibhav Saini A complete list/comparison of all consensus algorithms. Consensus algorithms are the basis of all the blockchains/DAGs. They are the most important part of the blockchain/DAG platforms. Without them(consensus algorithms) we will be left with just a dumb, immutable database. Here we list all the major consensus algorithms and will evaluate their pros and cons. If you find anything missing or wrong here then shoot that in the comments. Also, the article will be updated regularly as I study more about these algorithms and…

How S.E.C.S.I. Is Your Blockchain?

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.”…