What is Blockchain Technology The distributed ledger technology, better known as blockchain, has the potential to eliminate huge amounts of record-keeping, save money and disrupt IT in ways not seen since the internet arrived. Blockchain is poised to change IT in much the same way open-source software did a quarter of a century ago. And in the same way that Linux took more than a decade to become a cornerstone in modern application development, Blockchain will take years to become a lower cost, more efficient way to share information between open and private networks. But the hype around this seemingly new, secure electronic ledger isRead More →

Why Blockcain Technology ? Blockchain is poised to change IT Industry in much the same way open-source software did a quarter of a century ago. And in the same way that Linux took more than a decade to become a cornerstone in modern application development, Blockchain will take years to become a lower cost, more efficient way to share information between open and private networks. But the hype around this seemingly new, secure electronic ledger is real. In essence, blockchain represents a new paradigm for the way information is shared and tech vendors and companies are rushing to figure out how they can use theRead More →

How blockchain can prevent PNB-like frauds Blockchain is a digitally distributed ledger system that records an asset’s movement and ensures point-to-point tracking of information on transaction.. If blockchain technology was used for transactions and accounting, the fraud at Punjab National Bank (PNB) could have been prevented, opine fintech experts. And now, more than ever, is a time when those in power should understand the urgent need to implement this technology in our banking system. This is because frauds are on the rise, especially in in public sector banks. According to a Reserve Bank of India (RBI) report, sourced by Reuters through an RTI, state-run banks have reported 8,670 “loanRead More →

How Blockchain Can Empower Content Creators Decentralization and blockchain would be the perfect fit to empower content creators. Every piece of content could be recorded on the blockchain along with impressions, likes and comments. Platforms like Twitter, Facebook and Instagram run a ton of advertisements. Those dollars go directly from advertisers to the social media platforms. Content creators don’t see any of it unless they have a special arrangement with the advertiser or the social network. For the majority of creators, this is not the case. Decentralization and blockchain would be the perfect fit to solve this problem. Every single piece of unique content couldRead More →