Posts

Showing posts from January, 2020

Top 15 Frequently Asked Questions On Blockchain Technology

Image
If there is any ingenious technology having its sunshine every day, then obviously it would be Blockchain. The technology, that is not at all a new technology, but still, it is conquering many industries towards its lateral. l. The evolution of blockchain technology is being a revolution nowadays. Due to its bright fortune, many numbers of blockchain products are presented by industry experts and tech enthusiasts each day. Initially, Blockchain technology had been the underpinning technology to ensure secure bitcoin transactions. As the year forge ahead, the blockchain technology is getting more advanced. However, people may ask and clarify their questions about blockchain on forums or in comments, but still, they have an indecipherable inquiry. To Straighten all your doubt here we have defined some of the basic Blockchain FAQ. 1. What Is Blockchain? Blockchain a public ledger or a distributed database of all bitcoin transactions. It is an open-source technology,

How Blockchain Technology Will Work In Smart Home Automation?

Image
As everyone knows there is no such frontier to blockchain technology for giving birth to ever constant technological progress. This Continuous advancement of technology has been being one of the most important endeavors so far and bettering the way we live our lives. Blockchain, the Irrevocable technology having its flag of victory in various industries. Following that the real estate is on the next move, that is the combo of blockchain and smart home with the internet of things seems to be an upliftment to our standard of living. Obviously, in the next few years blockchain will be a dominant factor of all the business development in the world. In this 21 century everything is digitalized and we also more capable of handling smart devices. Although blockchain is associated with cryptocurrency Now it becomes a flexible platform to operate your house with smart appliances. It is important to understand how Blockchain Can improve Smart Home, Let us get into the topic. What is

How Does Blockchain In Pharma Industry Work?

Image
The Pharmaceutical distribution chain in this 21 st century has grown immensely, but still lagging behind in technologies and management systems to simplify the process. Hence blockchain can provide, significant benefits. Blockchain in the Pharma industry provides real-time information to all the users in the supply chain to prevent fraud and to enhance patient safety. Working of Blockchain in Pharma industry Manufacturer Adds QR code Once the Drug is manufactured the manufacturer will add the QR code to it, which contains item name, item stamp, location, manufacturing, and expiry date. Then that information will be stored on Blockchain, enabling stakeholders to track those drugs transparently with a hash ID added to the blockchain. After that, the drug will be shipped with a temperature sensor to the distributors via IoT-enabled vehicles to enable cold-chain shipping. This vehicle also sends the real-time location to the blockchain, which enables stakeholders an

How Can Blockchain Technology Be Used In Railway Industry?

Image
What will be the answer if anyone asks which is the most interlinked, complicated and high risk involved industry? Obviously , the Railway Industry. The entire network has been tied up with villages, cities, states, and countries, with a huge dynamic database. Without the 24 hours of monitoring and governance, it is impossible to avoid security issues, accidents, wrong signals, passenger insecurity, and a lot. So, a single small wrong information can cause huge damage to the entire network. You may say “The current railway system seems to be more efficient and we are not facing any problems as a common man”. But, the reality is there are a lot of issues and those issues are not transparent to the public but are creating high-level complexity to the railway control systems. So, to make this entire system more dynamic, Blockchain implementation in the railway ensures the current safe blocks upkeeped by the conventional railway frameworks. Those safe blocks are.

Blockchain In Pharma Supply Chain

Image
Blockchain is the rapidly growing buzzword of the moment. This Forefront technology is being the solution to multi industries ranging from  Solar Energy ,  Railway , Agriculture, Education , to Various  Supply chains . All these industries are subsumed under the umbrella of Blockchain. Nowadays the Supply chain management is being the head-spinning problem for most of the Organizations. Every industry has separate Supply chain management to streamline their activities and to maximize its customer value. Hence, according to Statistic,  By 2022, the spending on blockchain solutions globally will reach .7 billion . In its order, the global pharma industry too facing a problem of supply chain management, Drug and patient safety as its being so conservative and slow-moving. This entire blog is About What Blockchain is and how it works in the context of Pharmaceuticals and healthcare. Challenges in Pharmaceutical Supply Chain Before taking you into this blog, let me giv

What is the Difference Between Blockchain and Distributed Ledger?

Image
In this Digital World, Our lives getting better with Blockchain And Distributed Ledger Technology. Do you Know How? The Combination of both technologies offering many numbers of benefits to various sectors like the Economic Sector,  Education,  Healthcare ,  Supply-chain  and lot more. Hence this technology became a word of fire to the crypto world as well as the non-crypto world. Even Though people have a knowledge of  what is blockchain and Distributed ledger  still they having confusion that both are the same. DO You Think both are the same? if Your Answer is yes then you also having a common misconception that everyone has. Actually, every Blockchain is a Distributed ledger but not every Distributed ledger is a blockchain. Yeah, This might sound like a syllogism. you might also think if blockchain comes definitely there will be a presence of distributed ledger then how it is possible for every DLt cant to be a blockchain. Don’t worry I will take you through this blog

How 2020 will reshape Blockchain Opportunities?

Image
I hope the Christmas Eve year is well over and the new year has been started with more and more opportunities to make you shine. Now its time to Think about the future right! and believing this year 2020 will hold the future of blockchain beyond speculation. Do You have any guess how Blockchain in 2020 will be? The Price of Cryptocurrency has also risen rapidly, as a result nowadays the IT, Financial institutions and also government agencies have showing interest in investing in blockchain technology. This Attraction is mainly due to the transparency and controllability of Blockchain technology and transactions. Moreover the demand of programmers, developers and cryptographers also hiked in 2020. This technology playing its major role in Cross-Border crime and Money laundering. For past centuries the fiat currency played a role in storing the value and a medium of exchange. The flow will be monitored by a central authority, hence there will be more time delay and hi