Blockchain Technology In Online Voting
Online Voting Technology Blockchain Technology in Online Voting The blockchain the engine onwhich Bitcoin is built is a newkind of distributed consensussystem that allows transactions, orother data, to be securely storedand verified without any centralizedauthority at all. With blockchain technology, youcould create a truly tamper-proofrecord system records can go intothe Blockchain in a way that I knowif anybody tries to change it. You should be taking this technology as seriously as you should have been taking the development of the Internet in the early 1990s. Both the financial services and Bitcoin communities perked up last week when Citi, Nasdaq, Visa and other large financial institutions invested in Chain.com, a Bitcoin blockchain services provider. Bitcoin is giving banks a run fortheir money. Now the sametechnology threatens to eradicatesocial networks, stock markets, evennational governments. A blockchain is an audit trail for a database which is managed by a network of computers where no single computer is responsible for storing or maintaining the database, and any computer may enter or leave this network at any time without jeopardizing the integrity or availability of the database. Any computer can rebuild the database from scratch by downloading the blockchain and processing the audit trail. Traditional databases are maintained by a single organization, and that organization has complete control of the database, including the ability to tamper with the stored data, to censor otherwise valid changes to the data, or to add data fraudulently. For most use cases, this is not a problem since the organization which maintains the database does so for its own benefit, and therefore has no motive to falsify the databases contents; however, there are other use ca Continue reading >>
Lawyers Get Ready, Theres A Blockchain Coming
Lawyers Get Ready, Theres a Blockchain Coming Lawyers Get Ready, Theres a Blockchain Coming Lawyers have an ethical requirement of competence. Comment 8 to Rule 1.1 of the Model Rules of Professional Conducts (1) specifically refers to technological competence as part of the general duty. Comment 8 says, in its pertinent part, that [t]o maintain the requisite knowledge and skill, a lawyer should keep abreast of changes in the law and its practice, including the benefits and risks associated with relevant technology, engage in continuing study and education and comply with all continuing legal education requirements to which the lawyer is subject. A major practical difficulty of the duty of technology competence is predicting the likely impact and relevance of a new technology. Its one thing to say that a lawyer needs to learn how to understand and use existing technologies like standard Microsoft Office software. Its quite another to determine when a new technology becomes a relevant technology that requires a lawyer to keep abreast. What is relevant technology? What does it mean to keep abreast? What reasonable and practical approaches should you be expected to take? That makes one of todays hottest new technologies, the blockchain, a very interesting case study. According to Gartner, blockchain is at the top of the Hype Cycle for an emerging technology. You may know it through references to bitcoin, a cryptocurrency popularized through ransomware and the trial of Ross Ulbricht and the Silk Road. Bitcoin is just one use of blockchain technology. As a technological platform, many smart people believe that it will dramatically change the way business and finance are handled, identity is managed, and transactions are validated and tracked. And some believe that one aspec Continue reading >>
Blockchain Technology Powerpoint Templates
The Blockchain technology template in PowerPoint format includes four slides. Firstly we have the slide describing Blockchain networks comparison. Secondly the PowerPoint template is for Blockchain illustration with icons. Thirdly there are five key forces of Block chain technology. Finally lets have a look at Block chain technology transaction process in PowerPoint templates. As the same series, you can also find our Data Mining , Machine Learning , cloud computing and Artificial Intelligence PowerPoint templates. The Blockchain technology PowerPoint templates include four slides. Check detailed conception of Blockchain in Wikipedia . Slide 1, Blockchain technology PowerPoint templates for three networks comparison. Firstly blockchain, originally block chain, is a continuously growing list of records, calling blocks. It is using cryptography to link and secure. Secondly by design, block chain is inherently resistant to modification of the data. Thirdly this makes blockchains potentially suitable for the recording of events, medical records, and other records management activities, such as identity management, transaction processing, documenting provenance, food traceability or voting. You can found them in our PowerPoint templates. Slide 2, Block chaintechnologyillustration For use as a distributed ledger, a block chain is typically managed by a peer-to-peer network. The network is collectively adhering to a protocol for validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks. The alteration requires collusion of the network majority. Slide 3, Five key forces of Block chain technology It is five forces that are key to Block chain technology; they are Establishing transparent P2P Continue reading >>
Blockchain Technology & The Future Of Transactions
Blockchain Technology & The Future of Transactions The Blockchain and the Future of Transactions Blockchain technology is transformative, and several commentators expect that it will have a massive economic impact similar to the one the Internet has had in the past few decades. Since blockchain technology is at the heart of Bitcoin and other virtual currencies, it can at the very least be expected to power even more consequential mediums of exchange in the future. However, virtual currencies are merely the first use case of blockchain technology. The blockchain is an open and distributed ledger. It uses an append-only data structure, meaning new transactions and data can be added on to a blockchain, but past data cannot be erased. This results in a verifiable and permanent record of data and transactions between two or more parties. This has the potential to increase transparency and accountability, and positively enhance our social and economic systems. A blockchain is built by running software and linking several nodes together. A blockchain is not one global entity there are several blockchains. Imagine a network of connected computers inside a highly secure office, which are connected to each other, but not to the internet. A blockchain is similar to this: it can have numerous connected nodes, but remain totally separate and unique from other blockchains. Institutions and banks can build internal blockchains with their own features for various organizational purposes. A consensus mechanism and a reward system are required to maintain the integrity and functionality of a blockchain. In the Bitcoin blockchain, consensus is achieved by mining, and the reward system is a protocol awarding a miner some amount of Bitcoin upon successfully mining a block. Mining is undert Continue reading >>
Pwc's Blockchain Services
Set preferences for tailored content suggestions across the site Save content to reading lists (coming soon) Imagine being able to transfer value or prevent contractual disputes over the Internetwithout going through a third party. Confidently. Securely. Almost instantly. Blockchain-based technology could revolutionize business practices as we know them. PwC sees enormous potential for blockchain in financial services. Weve developed the strategic and implementation capabilities necessary to help financial institutions, technology companies and startups take advantage of this transformative technology. Our global team of experienced business, technology and regulatory leaders can help you identify how blockchain can benefit your organization and how to rapidly move these initiatives forward. Playback of this video is not currently available Not sure what blockchain is? Haskell Garfinkel, Strategy& Partner, defines the concept with examples, including the Bitcoin protocol. While blockchain's potential is transformational, the landscape is nascent and developing. PwC has been a valuable advisor, both strategically and technically, as we experiment and prototype practical use cases around blockchain. - Emerging Technology Leader, worldwide financial services company How can my team and I learn more about blockchain? DeNovo is the digital front door providing access to PwCs expertise in emerging technologies within financial services. The online platform delivers on-demand proprietary blockchain and cryptotechnology content, insights and research, developed by a dedicated team of subject matter experts. Review real-time blockchain content and analysis developed and maintained by more than 60 subject matter experts, a dedicated team of research analysts, and access to PwCs Continue reading >>
The Block Chain Conference 2017
To complement the online service, Best of Blockchain will tap into The Blockchain Conference heritage and capabilities to host a physical Summit event in the Fall of 2018. Watch this space ... and contact us for advanced information. During 2018, Best of Blockchain will work with select technology innovators to produce and host a number of focused workshops covering real-life blockchain applications and drill downs on how blockchain technology is being applied to business applications . These workshops will typically be part-day events, and some may be presented under NDA rules. Contact us for advanced information. During 2016 and 2017, The Blockchain Conference from Lighthouse Partners produced three world-class executive events, each of which highlighting the promise of blockchain, distributed ledger and smart contracts technologies as a platform for the future of business while also pointing to the realities and challenges of rolling out this transformational technology. Once again, The Blockchain Conference worked with the Wall Street Blockchain Alliance to produce the event, which was focused on the realities of moving from proof-of-concepts to production pilots. Nearly 300 financial markets and blockchain executives attended and learned from a 40-strong "Blockchain Brains Trust" drawn from the leading experts and thought leaders. Continue reading >>
An MIT expert on why distributed ledgers and cryptocurrencies have the potential to affect every industry. Like the internet in its early years, blockchain technology is hard to understand and predict, but could become ubiquitous in the exchange of digital and physical goods, information, and online platforms. Figure it out now. Blockchain is a term widely used to represent an entire new suite of technologies. There is substantial confusion around its definition because the technology is early-stage, and can be implemented in many ways depending on the objective. At a high level, blockchain technology allows a network of computers to agree at regular intervals on the true state of a distributed ledger, says MIT Sloan Assistant Professor Christian Catalini, an expert in blockchain technologies and cryptocurrency. Such ledgers can contain different types of shared data, such as transaction records, attributes of transactions, credentials, or other pieces of information. The ledger is often secured through a clever mix of cryptography and game theory, and does not require trusted nodes like traditional networks. This is what allows bitcoin to transfer value across the globe without resorting to traditional intermediaries such as banks. On a blockchain, transactions are recorded chronologically, forming an immutable chain, and can be more or less private or anonymous depending on how the technology is implemented. The ledger is distributed across many participants in the network it doesnt exist in one place. Instead, copies exist and are simultaneously updated with every fully participating node in the ecosystem. A block could represent transactions and data of many types currency, digital rights, intellectual property, identity, or property titles, to name a few. The tech Continue reading >>
Blockchain And Ip Law: A Match Made In Crypto Heaven?
Blockchain and IP law: a match made in crypto heaven? By Birgit Clark, Baker McKenzie, London, United Kingdom Blockchain and related distributed ledger technologies have been a hot topic recently, with multiple industries exploring their possibilities and new blockchain use cases emerging almost every day. But how might these technologies be used in the context of intellectual property (IP) law and practice? Blockchain and related distributed ledger technologies are a hot topic, with new use cases emerging almost every day (photo: Rick_Jo / iStock / Getty Images Plus). Blockchain technology has become famous as the technology behind cryptocurrencies such as Bitcoin and Ethereum. In its basic form it is an open ledger of information that can be used to record and track transactions, and which is exchanged and verified on a peer-to-peer network. Blockchain and other distributed ledger technologies create a trustworthy and transparent record by allowing multiple parties to a transaction to verify what will be entered onto a ledger in advance without any single party having the ability to change any ledger entries later on. Each transaction or block is transmitted to all the participants in the network and must be verified by each participant node solving a complex mathematical puzzle. Once the block is verified, it is added to the ledger or chain. From the perspective of information, the real innovation of distributed ledger technology is that it ensures the integrity of the ledger by crowdsourcing oversight and removes the need for a central authority. In other words, transactions are verified and validated by the multiple computers that host the blockchain. For this reason it is seen as near unhackable, because to change any of the information on it, a cyber-attack woul Continue reading >>
The Blockchain V- The Technology Behind Bitcoin
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime. The Blockchain - The Technology behind Bitcoin The Blockchain - The Technology behind Bitcoin The blockchain and blockchain related topics are becoming increasingly discussed and studied nowadays. There is not one single day where I don't hear about it, that being on linkedin or elsewhere. I interested myself deeply in the blockchain topic recently and this is the first article of a coming whole serie around the blockchain. This presentation is an introduction to the blockchain, presents what it is in the light of its initial deployment in the Bitcoin project as well as all technical details and architecture concerns behind it. We won't focus here on business applications aside from what is required to present the blockchain purpose, more concrete business applications and evolutions will be the topic of another presentation I'll post in a few weeks Continue reading >>
What Is Blockchain Technology? I Want To Make Ppt On It So Give Me Deep Or Some Information About That.
Blockchain is a revolutionary technology that puts the trust from third parties into our own hands Blockchain at its core is a decentralised ledger to validate and transact our data globally. Blockchain allows for instant and secure global exchanges, it provides protection of our information and publicly displayed records of all transactional data. Blockchain also allows for smart contracts and decentralised apps to be incorporated into the ecosystem. Blockchain will revolutionise a huge number of industries, here a few great examples of why blockchain will be so powerful: Voting with a distributed ledger, we can validate each and every vote and ensure no manipulation by third parties is occurring. Allows the unbanked to send money across borders over 2 billion people do not have access to bank accounts, blockchain will enable them to send money home and economically better their families. Secure data storage encrypted data will be fractionally stored across the blockchain, giving only the owner of the data access to the data when required. Contracts smart contracts can be written into the blockchain to automatically trigger responses based on real time events. Continue reading >>
What Is Blockchain And How Does It Work?
Bitcoin exploded on to the worlds stage in 2012 as a currency backed by everyone and controlled by no one. But what exactly makes it work from a technology standpoint? Use commas to separate multiple email addresses How to minimize the risks of phishing scams Blockchain technology backs up Bitcoin to this day, but theres been a recent groundswell of interest from a variety of industries in making distributed ledger technology work. A blockchain is the structure of data that represents a financial ledger entry, or a record of a transaction. Each transaction is digitally signed to ensure its authenticity and that no one tampers with it, so the ledger itself and the existing transactions within it are assumed to be of high integrity. The real magic comes, however, from these digital ledger entries being distributed among a deployment or infrastructure. These additional nodes and layers in the infrastructure serve the purpose of providing a consensus about the state of a transaction at any given second; they all have copies of the existing authenticated ledger distributed amongst them. When a new transaction or an edit to an existing transaction comes in, generally a majority of the nodes within a blockchain implementation must execute some algorithms and essentially evaluate and verify the history of the individual blockchain block that is proposed, and come to a consensus that the history and signature is valid, then the new transaction is accepted into the ledger and a new block is added to the chain of transactions. If a majority of nodes do not concede to the addition or modification of the ledger entry, then it is denied and not added to the chain. This distributed consensus model is what allows blockchain to run as a distributed ledger without the need for some cent Continue reading >>
Consensus 2017: Ibm Thinks Blockchain Could Save Shipping Industry 'billions'
Consensus 2017: IBM Thinks Blockchain Could Save Shipping Industry 'Billions' May 22, 2017 at 16:28 UTC|UpdatedMay 22, 2017 at 18:35 UTC Blockchain technology is poised to recover billions of dollars lost to coordination costs in both capital markets and the shipping industry, according to Arvind Krishna, the director of research at IBM. Krishna argued this point during a presentation at CoinDesk's Consensus 2017 conference in New York. Among other projects, Krishna described a partnership with Maersk , a Danish transport company, whichhe says will cut costs by streamlining the checks that shipping companies are required to go through as they transport goods across international borders. A typical shipment, according to Krishna, must pass the scrutiny of about 30 organizations during its circuitous journey to the market. Every hold up in this process nicks dollars off the profitability of the product. "A single piece of paper, if it's missing when it arrives in Rotterdam, means that a container full of avocados just sits there. A few days extra of sitting there and you've got to throw out the whole container because you've crossed the limit of how long those goods can sit there without being considered spoiled," said Krishna. Blockchains, he went on to say, are an ideal platform for aggregating and transmitting the certifications required at each step along the way and could shave twenty percent of the cost from international shipping. "We believe that just doing this kind of digitization can result in tens of billions of dollars saved across that network,"he said. Arvind also touted blockchains as a solution for verifying that diamonds originate from conflict-free zones and mentioned that Walmart is looking into the technology as a way to track and verify organic prod Continue reading >>
What Is Blockchain Technology? A Step-by-step Guide For Beginners
What is Blockchain Technology? A Step-by-Step Guide For Beginners Angel Investors, Startups & Blockchain developers... Is blockchain technology the new internet? The blockchain is an undeniably ingenious invention the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto . But since then, it has evolved into something greater, and themain question every single person is asking is: What is Blockchain? By allowing digital information to be distributed but not copied, blockchain technology created the backbone of a new type of internet. Originally devised for the digital currency , Bitcoin , the tech community is now finding other potential uses for the technology. Bitcoin has been called digital gold, and for a good reason. To date, the total value of the currency is close to $9 billion US. And blockchains can make other types of digital value. Like the internet (or your car), you dont need to know how the blockchain works to use it. However, having a basic knowledge of this new technology shows why its considered revolutionary. So, we hope you enjoy this, what is Blockchain guide. The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value. Picture a spreadsheet that is duplicated thousands of times across a network of computers. Then imagine that this network is designed to regularly update this spreadsheet and you have a basic understanding of the blockchain. Information held on a blockchain exists as a shared and continually reconciled database. This is a way of using the network that has obvious benefits. The blockchain database isnt stored in any single location, meaning the records it keeps are truly public and easily verif Continue reading >>
Blockchain 101 Blockchain Education Network Medium
Every informed person needs to know about the Blockchain because it might be one of the worlds most important developments LeonLuow Bitcoin and Blockchain technology have quickly poured into the mainstream, but its technical roots have caused many early adopters to use complicated jargon when trying to explain it. Lets try to demystify it. Some Background Why Do We Even NeedIt? It provides a trustworthy infrastructure for the transfer of assets. As you all know, for the past two decades, the internet has impacted how our society shares and diffuses information. The internets infrastructure allows us to seamlessly share copies of our favorite files at the touch of a button. Great. But when it comes to assets and value, sending a copy while the sender has the ability to keep an original becomes an issue. Double spending is exactly what it sounds like, spending multiple times on one transaction (yes, its illegal). The current system does not provide a trustworthy infrastructure when it comes to assets and the transfer of value, as there has never been a way to directly exchange value in the digital space without the use of intermediaries. We rely on middlemen or intermediaries like banks, commerce platforms or governments to establish the element that allows our economy to function in a digitized space: trust. These third parties perform transactional logistics like authentication, record keeping or payment clearance to ensure that both parties in a transaction oblige to some pre-specified terms and conditions, and thus allowing the buyer and seller to remain confident that the transaction will execute in a secure and effective manner. While these intermediaries are crucial to our digital economy, there are some major issues: 1. They use centralized databases which face h Continue reading >>
How Blockchain Could Give Us A Smarter Energy Grid
How Blockchain Could Give Us a Smarter Energy Grid Energy experts believe that blockchain technology can solve a maze of red tape and data management problems. On an electricity grid, electrons generated from the sun, wind, or other renewable sources are indistinguishable from those generated by fossil fuels. To keep track of how much clean energy is produced, governments around the world have created systems based on tradable certificates. Problem is, the way we manage these certificates sucks, and its holding up investment in renewable power, says Jesse Morris, an energy expert at the Rocky Mountain Institute . A new system based on blockchain, the technology at the heart of Bitcoin and other digital currencies, could fix this, he says. Keeping track of renewable-energy certificates is one of dozens of potential applications of blockchain technology that could solve data management challenges in the electricity sector without disrupting business as usual, according to Morris. He and many others believe that in the long term, the technology could help transform the very architecture of the grid itself. A blockchain is a shared, encrypted ledger that is maintained by a network of computers. These computers verify transactionsin the case of Bitcoin, the transfer of cryptocurrency between individual users. Each user can access the ledger, and there is no single authority (see Why Bitcoin Could Be Much More Than a Currency ). Advocates say the technology could be especially promising in industries where networks of peerselectricity producers and consumers, connected via the grid, for instancedepend on shared sets of data. Learn more about blockchain and what it's used for. When a renewable-power plant generates a unit of electricity today, a meter spits out data that gets Continue reading >>