Blockchain & The Healthcare Industry

What is the blockchain technology?
The blockchain is a peer-to-peer distributed ledger technology that can be used for creating an unalterable and trusted record of transactions, which was initially introduced in connection with Bitcoin. Since then the blockchain has gained prominence in a number of traditional sectors such as finance, logistics & supply chain, voting and the like.

 

Read more about Blockchain & The Healthcare Industry

How blockchain could revolutionize the supply chain industry

517 0 Have you ever wondered where did the clothes that you wear, or the food that you eat come from? Before these products even hit the stores, there is a whole other chain of different interlinked elements that work on delivering these products to you. This connected sequence of processes involved in the production […]

How blockchain could revolutionize traditional finance

What is a blockchain?

A blockchain, is a growing list of records, called blocks, which are interlinked using cryptography. Each block contains information regarding a specific transaction. A blockchain is designed to be resistant to the modification of data. As each transaction takes place, it is stored in a block and added to the chain. In simpler words, blockchain is a digital ledger, where all the transactions are recorded and shared publicly.

Information recorded on a blockchain exists as a shared and continually updated database. The blockchain database isn’t stored in any single location, meaning the records it keeps are truly public and anybody can access the same. Information is decentralized and hosted by millions of computers simultaneously, thereby making hacking a most improbable event. While blockchain is often mentioned in association with cryptocurrency platforms like Bitcoin, the underlying technology has great potential in making the finance sector more efficient and transparent. As a radical technology for recordkeeping, blockchain technology is believed to change the future of finance in all aspects like accounting, asset registers, payments, trading, collateral management, and more.

Read more about How blockchain could revolutionize traditional finance

Google confirms blockchain is most looked up technology

Search engine giant Google’s search data revealed that blockchain is the most searched for technology on the internet. Blockchain and cryptocurrency have been making a lot of noise and creating hype cycles over the past year. People have been trying to understand these technologies and slowly they are trying to adapt to the future. Google confirms that blockchain appears more in search criteria than cryptocurrency. It was in July that blockchain overtook cryptocurrency in terms of search hits and has consistently tipped cryptocurrency ever since. Read more about Google confirms blockchain is most looked up technology

SP Group launches marketplace for blockchain powered renewal energy certificate

As revealed in a major press release by one of the major electricity and gas transmission giants in Singapore, SP group has recently launched a new marketplace for blockchain powered renewal energy certificate. The release of the same was made at the ASEAN energy business forum held in Singapore this week. Read more about SP Group launches marketplace for blockchain powered renewal energy certificate

SEC launches portal To Engage With next-gen technology start-ups

The U.S. Securities and Exchange Commission has launched a hub called Fintech hub or FinHub that will engage with start-ups working on upcoming technologies such as Artificial Intelligence, Blockchain and others. The FinHub will act as a single access point that will handle all the SEC’s services providing an easier option for companies to collaborate with the customers. The portal will also help start-ups with a streamlined process to develop a platform that complies with SEC. Read more about SEC launches portal To Engage With next-gen technology start-ups

Indian blockchain start-ups face a new challenge

The Indian blockchain start-ups, already fighting against odds to establish themselves in the market face a harsh reality up against them. Going forward these companies need to have a product ready before raising money through ICOs. This comes as a result of the ICO market slowing down drastically and several instances where the money provided by the ICO was not used in developing product or service. Read more about Indian blockchain start-ups face a new challenge

Cross country partnership for blockchain pilot to facilitate international trade

In a move to facilitate trading between countries, one of the subsidiary of Abu Dhabi ports has entered into a partnership with the Belgium port of Antwerp. The Maqta Gateway that uses it’s very own blockchain platform Silsal will be trialing the Proof-of-concept. The trial will help companies handle documents between Abu Dhabi and Dubai and also streamline trading and supply chain by providing complete transparency. Read more about Cross country partnership for blockchain pilot to facilitate international trade

Alibaba files Blockchain patent with U.S. Patent and Trademark Office (USPTO)

Alibaba, Chinese e-commerce giant has filed a patent with USPTO for an ‘administrative intervention’ system developed on the blockchain. This system allows third-party administrator intervention in case of illegal activities in a smart contract. A smart contract is a self-executing computer protocol that validates and verifies the performance of a contract digitally.

Read more about Alibaba files Blockchain patent with U.S. Patent and Trademark Office (USPTO)