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ascendient-learning · 24 days ago
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5 Things You Didn't Know You Could Learn in an IBM Course
You might think IBM courses focus exclusively on mainframes and legacy systems. That assumption misses the innovative technologies IBM teaches today. Beyond the expected database and cloud content, IBM's educational programs contain surprising elements that can transform your technical capabilities. Let's explore five unexpected skills you'll acquire through IBM course offerings.
1. Design Thinking for Technical Solutions
IBM pioneered the application of design thinking to enterprise technology, and its courses teach this human-centered approach to problem-solving. You'll learn to conduct empathy interviews, create journey maps, and prototype solutions rapidly. This IBM course material transforms how you approach technical challenges, moving beyond pure engineering to consider user experience and business outcomes. The methodology includes techniques for stakeholder alignment, creative brainstorming, and iterative testing that apply to any technology project.
2. Explainable AI and Ethical Algorithm Design
While everyone talks about AI implementation, IBM courses dive deep into AI transparency and ethics. You'll learn to build models that explain their decisions, implement fairness metrics, and detect algorithmic bias. The curriculum covers regulatory compliance for AI systems, including GDPR's "right to explanation." Through IBM course exercises, you'll audit existing models for bias, implement interpretability techniques, and create documentation that non-technical stakeholders can understand.
3. Blockchain Supply Chain Applications
Beyond cryptocurrency basics, IBM teaches practical blockchain implementation for supply chain management. You'll build smart contracts for tracking shipments, implement provenance systems for authenticating products, and design consortium networks. The IBM course covers Hyperledger Fabric, teaching you to create permissioned blockchains for enterprise use. Real-world case studies include food safety tracking, pharmaceutical authentication, and sustainable sourcing verification. You'll understand how to convince stakeholders of blockchain's value beyond the hype.
4. Augmented Reality for Industrial Applications
IBM's courses include surprising content on AR development for manufacturing and maintenance. You will learn to create AR experiences that overlay digital information onto physical equipment, helping technicians perform complex repairs. The curriculum covers IBM's AR toolkit, teaching you to build applications that recognize machinery, display repair instructions, and provide real-time diagnostics. This unexpected IBM course content bridges the physical and digital worlds, preparing you for Industry 4.0 implementations.
Why These Skills Matter
These unexpected topics reflect IBM's evolution from hardware manufacturer to cognitive technology leader. Each skill addresses emerging enterprise needs that traditional IT education overlooks. Quantum computing prepares you for the next computing revolution. Design thinking ensures your technical solutions actually solve business problems. Explainable AI addresses growing regulatory requirements. Blockchain knowledge opens opportunities in supply chain transformation. AR skills position you for the industrial metaverse.
Conclusion
IBM course offerings extend far beyond traditional enterprise computing topics. These five areas represent just a sample of the innovative content available. By exploring quantum computing, design thinking, ethical AI, blockchain applications, and augmented reality through IBM's educational programs, you'll acquire skills that differentiate you in the technology market. Don't let preconceptions about IBM limit your learning opportunities. Their courses contain forward-thinking content that prepares you for technology's future, not just its past.
For more information, visit: https://www.ascendientlearning.com/it-training/ibm
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thabisonjoko · 1 month ago
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Understanding the Four Types of Blockchains
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Public, Private, Consortium & Hybrid — Which One Powers What?
Blockchain technology isn’t one-size-fits-all. As the technology evolves, we’re seeing different flavors of blockchain emerge — each tailored to specific use cases and governance models. In Episode 4 of Unpacking Blockchain Technology with Thabiso Njoko, we break down the four main types of blockchains and explain how each one functions in the real world.
If you’ve ever wondered why some blockchains are open and others are gated, this episode is your gateway to clarity.
The Four Main Types of Blockchains
Whether you're launching a cryptocurrency, managing a supply chain, or modernizing government services, choosing the right type of blockchain is critical. Here's how they compare:
1. Public Blockchains
These are fully decentralized and open to anyone. Anyone can read, write, or participate in the network. Popular examples include Bitcoin, Ethereum, and Solana.
Features:
Open-source
Transparent and secure
Powered by consensus mechanisms like Proof of Work (PoW) or Proof of Stake (PoS)
Use Cases:
Cryptocurrencies
NFTs
Decentralized Finance (DeFi)
Open-access Web3 applications
“Public blockchains are the backbone of the trustless Web3 world,” says Thabiso.
2. Private Blockchains
These are permissioned systems controlled by a single organization. Only selected participants can access the network or validate transactions.
Features:
High speed and scalability
Restricted access
Centralized authority and governance
Use Cases:
Internal business operations
Financial institutions
Healthcare data management
Think of private blockchains as enterprise-grade solutions for data security and control.
3. Consortium Blockchains
Also known as federated blockchains, these are governed by a group of organizations rather than a single entity. Each participant in the consortium has certain rights.
Features:
Semi-decentralized
Shared control among participants
Collaborative governance
Use Cases:
Supply chain tracking
Trade finance between banks
Joint ventures between corporations
 These are ideal for industries that rely on shared infrastructure but don’t want to go fully public.
4. Hybrid Blockchains
As the name suggests, hybrid blockchains combine features of both public and private systems. This offers flexibility—you can keep some data public while keeping sensitive data private.
Features:
Controlled access + transparency
Combines the best of both worlds
Complex but powerful
Use Cases:
Government records (public data + confidential citizen info)
Healthcare systems (open research + private patient data)
Real estate platforms
 Hybrid blockchains are perfect when trust, control, and openness need to co-exist.
How Do You Choose the Right One?
Thabiso emphasizes that context determines the blockchain. Ask:
Who needs access?
Who verifies the data?
How sensitive is the information?
What are the trust assumptions?
Each blockchain type serves a purpose. The key is understanding your goals before choosing the structure.
Real-World Examples
A public blockchain like Ethereum is widely used for DeFi and NFTs, while a private blockchain such as Hyperledger Fabric powers IBM's supply chain solutions. In the banking and finance sector, a consortium blockchain like R3 Corda is commonly used. Meanwhile, XinFin (XDC) serves as a hybrid blockchain, particularly effective in trade finance applications.
Final Thoughts from Thabiso
“Not every blockchain has to be open to the world. Some need privacy, speed, and control. But understanding why each model exists helps us build smarter systems.”
As blockchain adoption grows, knowing the differences between these models will shape how we design solutions, collaborate with others, and build trust across systems.
Tune In Now
Catch Episode 4 of Unpacking Blockchain Technology with Thabiso Njoko to hear the full breakdown and use-case comparisons.
Join the Discussion
Which blockchain type best fits your project or organization? Share your thoughts or questions in the comments — let’s unpack it together.
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rakeshsynarion · 1 month ago
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Top Blockchain Development Frameworks for Building Scalable Solutions
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The global blockchain ecosystem is evolving rapidly. With enterprises and startups alike exploring decentralized solutions, the demand for robust, scalable, and secure blockchain applications has never been higher. However, building such applications from the ground up is no small feat. It requires not only a deep understanding of distributed ledger technologies but also the right development frameworks that simplify and accelerate the process.
If you're planning to enter the blockchain space, choosing the right framework can make all the difference. And more importantly, you need to hire blockchain app developers who are proficient in leveraging these frameworks to build scalable solutions tailored to your business goals.
In this blog, we’ll dive deep into the top blockchain development frameworks available in 2025 and explain how each can empower you to create high-performance decentralized applications (dApps).
1. Ethereum (with Truffle & Hardhat)
Ethereum remains one of the most popular platforms for decentralized application development. As an open-source, public blockchain, Ethereum offers smart contract functionality through Solidity and has a vast developer ecosystem.
Why It’s Ideal for Scalable Solutions:
Mature ecosystem with extensive tooling
Layer 2 solutions (like Optimism, Arbitrum) enhance scalability
Rich community support and documentation
Truffle and Hardhat are two of the most widely used frameworks for Ethereum development. Truffle provides built-in smart contract compilation, migration, and testing. Hardhat, on the other hand, is a developer-friendly environment with robust debugging and local node simulation.
2. Hyperledger Fabric
Hyperledger Fabric, an enterprise-grade permissioned blockchain framework hosted by The Linux Foundation, is perfect for building scalable private networks.
Key Features:
Modular architecture
Pluggable consensus mechanisms
Granular control over data privacy
Hyperledger Fabric is ideal for supply chain, finance, and healthcare applications where data privacy is paramount. It also supports high transaction throughput, making it suitable for large-scale enterprise deployments.
3. Polygon SDK
As scalability became a major issue for Ethereum, Polygon emerged as a Layer 2 solution offering faster and cheaper transactions. The Polygon SDK now enables developers to build their Ethereum-compatible blockchain networks.
Benefits:
Ethereum compatibility with high throughput
Customizable consensus mechanisms
Ideal for DeFi and NFT projects
By using Polygon, developers can bypass Ethereum’s congestion while maintaining interoperability. 
4. Substrate (by Parity Technologies)
Substrate is a framework for building custom blockchains from scratch, created by the team behind Polkadot. It is written in Rust and supports modular, upgradable, and interoperable chains.
Why Use Substrate:
Highly customizable runtime modules (pallets)
Native integration with the Polkadot ecosystem
On-chain governance and upgrades
Developers can build their own blockchains tailored to specific use cases and connect them via Polkadot’s relay chain. 
5. Corda
Developed by R3, Corda is another permissioned blockchain platform designed for business use cases, especially in banking and finance.
What Makes Corda Unique:
Direct peer-to-peer data sharing
No global broadcast of data
Focused on privacy and legal compliance
Corda enables enterprises to transact securely and privately while preserving auditability. Unlike public blockchains, Corda emphasizes trust and identity management between known participants. 
6. Solana Frameworks
Solana is a high-performance blockchain known for its speed and low transaction costs. It uses a unique Proof-of-History (PoH) consensus mechanism that enables it to process over 65,000 transactions per second.
Why Solana?
Exceptional scalability and speed
Suitable for high-frequency trading, DeFi, and gaming
Active developer community with tools like Anchor
7. NEAR Protocol
NEAR Protocol offers a developer-friendly, scalable, and carbon-neutral blockchain environment. It supports sharding and has a unique “Nightshade” architecture to scale dApps with minimal costs.
Highlights:
Easy onboarding and human-readable account names
Smart contracts in Rust and AssemblyScript
Low gas fees with high throughput
With NEAR’s intuitive dev tools and scalability features, it is perfect for both startups and large-scale dApp deployments. Look to hire blockchain app developers who are up-to-date with NEAR’s smart contract development and ecosystem integrations.
8. Avalanche (AVAX)
Avalanche is gaining momentum as a scalable, eco-friendly platform for launching DeFi protocols and enterprise blockchain solutions.
Core Features:
Subnets for creating custom blockchains
Very high throughput (4,500+ TPS)
Fast finality and low latency
9. Cosmos SDK
Known as the “Internet of Blockchains,” Cosmos allows developers to create independent yet interoperable blockchains. Its Cosmos SDK is modular and focuses on fast development and easy customization.
Pros:
Tendermint Core for fast consensus
Supports cross-chain communication via IBC (Inter-Blockchain Communication)
Custom blockchain creation with plug-and-play modules
Cosmos is best suited for projects that demand interoperability and scalability without compromising sovereignty. To build an effective Cosmos-based project, you should hire blockchain app developers with deep knowledge of Tendermint, IBC, and Golang.
Conclusion
The blockchain landscape in 2025 is rich with frameworks designed to tackle real-world challenges — from scalability and speed to privacy and customization. Whether you're developing a DeFi platform, a private ledger for your enterprise, or the next generation of NFTs, choosing the right development framework is crucial.
Equally important is having the right team behind your vision. When you hire blockchain app developers with hands-on experience in these frameworks, you're not just investing in code — you're investing in strategic innovation and future-proof scalability.
Start by analyzing your business needs, and then choose the best blockchain framework to bring your ideas to life. With the right developers and tools, your blockchain journey can be both successful and scalable.
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albertpeter · 1 year ago
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What Are the Top Considerations When Choosing a Cryptocurrency Development Company?
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The world of cryptocurrency is brimming with potential, but navigating its technical complexities can be daunting. This is where partnering with a qualified cryptocurrency development company becomes crucial. These companies possess the expertise to translate your innovative blockchain ideas into secure and functional realities. However, choosing the right development partner is paramount for the success of your project. Here's a breakdown of the top considerations to keep in mind when selecting a cryptocurrency development company:
1. Expertise and Experience:
Technical Depth: Delve into the company's technical proficiency. Do they have a proven track record of working with the specific blockchain platforms relevant to your project (e.g., Ethereum, Hyperledger Fabric, etc.)?
Project Portfolio: Evaluate the complexity and variety of projects they've handled in the past. A history of successfully delivering projects similar to yours instills confidence in their capabilities.
Team Composition: Look for a team with a strong blend of blockchain developers, security specialists, and smart contract architects.
2. Communication and Transparency:
Clear Communication: The development process requires clear and consistent communication. Assess the company's communication style and their ability to explain technical concepts in a way that aligns with your level of understanding.
Project Management Strategy: Ensure they have a well-defined project management methodology. This promotes transparency and keeps you informed about progress, potential roadblocks, and budget considerations.
Development Transparency: Request insights into their development process. Will you have access to code repositories or receive regular progress reports?
3. Security Focus:
Security Audits: Blockchain security is paramount. Does the company prioritize security audits by reputable firms?
Secure Development Practices: Inquire about their secure coding practices and how they address vulnerabilities.
Disaster Recovery Plan: Understand their disaster recovery plan in case of unforeseen security breaches.
4. Regulatory Compliance:
Compliance Expertise: The regulatory landscape surrounding cryptocurrency is constantly evolving. Does the company possess expertise in navigating relevant regulations for your project's target market?
Compliance Framework: Inquire about their compliance framework to ensure your project adheres to legal requirements.
5. Project Cost and Value:
Cost Structure: Obtain a clear breakdown of the development costs. Beware of companies offering unrealistically low prices, as security and quality often come at a premium.
Value Proposition: Look beyond just the cost. Evaluate the company's proposed solutions and how they align with your project's goals and long-term vision.
6. Additional Considerations:
Scalability: Consider the scalability of their solutions. Can the platform they develop adapt to future growth and user adoption?
Post-Deployment Support: Inquire about their post-deployment support options. Will they offer ongoing maintenance and technical assistance?
Client Testimonials: Research online reviews and client testimonials to get a sense of their reputation and past client experiences.
Conclusion
Choosing a cryptocurrency development company is an investment in the future of your project. By carefully considering the factors outlined above, you can make an informed decision that sets your project on the path to success. Remember, the ideal partner will be a collaborative extension of your team, bringing not only technical expertise but also strategic guidance and a shared vision for your innovative blockchain venture.
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jayasuriyan · 1 year ago
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WHAT IS A PRIVATE BLOCKCHAIN AND WHY IS IT NEEDED?
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Many people associate blockchain technology with Bitcoin, but this is not a completely correct association. Bitcoin is just one of many projects that have gained popularity due to the insane rise in its value. However, in fact, behind all this popularity lies a unique technology.
What is blockchain? Blockchain is a distributed ledger technology - a chain of blocks with a specific set of data that records information about each transaction. Blockchain allows you to transfer information faster, more reliably and cheaper. Depending on the level of access, it can be divided into two groups: public and private.
In this article, we will explain what a private blockchain is and what is the difference between private and public blockchains. Read on to find out how it all works.
What is a private blockchain?
A private blockchain is a network to which access belongs to one person or authorized body. Private (also often called controlled) blockchains are technological solutions in which each participant has a predetermined level of access. Data uploaded to a private blockchain cannot be viewed.
Private blockchains do not fully implement the core principles of blockchain (decentralization of technology and equality of participants), as this can lead to significant risks for enterprise systems.
Examples of private blockchains
The most common example of a private blockchain that can be used in various projects and industries is the Hyperledger platform.
Hyperledger is an open source project from the Linux Foundation aimed at developing a number of blockchain business platforms, including Fabric from IBM, Sawtooth from Intel, Iroha, Indy and others. Based on them, you can create your own blockchain . Hyperledger provides a foundation and a set of interoperable tools for further development and customization.
Opportunities of private blockchains
There are several key features of a private blockchain that you need to know about:
Private blockchain ensures complete confidentiality. Only authorized persons have access to the network in a private blockchain. A potential user must obtain permission before accessing any data or participating in the process.
Private blockchain has high performance. Since the number of participants is limited, consensus can be reached by a small number of validators, which means private blockchains are much faster and can scale easily.
There is no anonymity in a private blockchain system. Users are known to the administrator; they provide documents and other information to verify their identity.
Why and when to use a private blockchain?
Private blockchains can be used in many areas, from accounting to agriculture. They can help save time and money by automating transactions between different organizations.
Why do companies choose private blockchain?
Increased trust: By implementing a private blockchain, companies can track the origin of counterfeit products and recall them in a timely manner.
Immutability: Once the information is recorded, no one can edit or change it, since the blockchain concept implies immutability. This prevents data corruption and reduces the risk of fraud.
Efficiency: Private blockchain speeds up various transactions. High data processing speed is a factor influencing the overall efficiency of the company.
In what areas are private blockchain systems most effective?
Insurance
Blockchain consulting systems provide direct communication between policyholders and insurers. This helps avoid the use of unreliable third party systems and time-consuming and costly manual claims administration processes.
Banking and finance
Every financial transaction involves many parties, each using their own internal decisions. Banks can use blockchain to collaborate on one transaction tracking system, which helps speed up the process.
Healthcare
Blockchain is a great idea for storing and managing electronic health records that contain patient health information. Blockchain-based healthcare solutions make these records easily accessible, ensure data security, and help streamline medical reporting.
Supply chain
Blockchain technology allows companies to track every component of a product, determine its authenticity, and prevent counterfeits from entering the supply chain. In this way, blockchain makes supply chains faster, more open, and more reliable.
Companies using private blockchains
Here are some examples of successful implementations of private blockchain technologies:
American multinational retail company Walmart uses a private blockchain food tracking system based on Hyperledger Fabric from IBM. This allows the company to track the origin of the product and the entire chain of its production in a matter of seconds.
Streaming service Spotify has acquired blockchain startup Mediachain to create a secure environment for protecting copyrights and paying musicians.
DHL and Accenture have launched a blockchain tracking and traceability system for the pharmaceutical industry that documents every step, from production to purchase, using unique serial numbers assigned to products.
How does a private blockchain network work?
Private and public blockchains function in a similar way.
Every computer on the network must confirm every transaction on the chain. Transactions are processed in blocks, which can contain several thousand records. When a block is full, it is closed, signed, and transferred to a new block as a unique hash. Thus, each block is connected to the previous block. This structure ensures that a transaction cannot be canceled or modified.
However, private blockchains have features that distinguish them from public ones, and here are some of them:
A private blockchain has full or partial centralization. Management in such blockchains is carried out using special nodes with elevated powers. They are responsible for the data distribution policy and user identification, and also certify the entry of data into the blockchain.
In private blockchains, only authorized participants can record information. Access to information can be general or limited, depending on the system.
The operating mechanism and access policy of a private blockchain system depend on specific protocols.
The private network operator has the right to cancel, edit or delete records in the blockchain.
Public vs private blockchain
The idea that private and public blockchains are rivals is widely held. This is wrong. It's just important to understand the difference between the two to make a decision for your project. Let's take a quick look at the main advantages and disadvantages of each solution.
Public blockchain
Advantages:
Safety: The more people working on a network, the more difficult it is to attack, since all elements of the chain are interconnected. It is almost impossible for attackers to take control of the entire network.
Low operating costs: The effectiveness of the public network is “controlled” by the entire community - developers, users, service providers and miners, who ensure the integrity of the network and the comfort of working in it. Therefore, the system allows you to create decentralized applications with minimal maintenance costs.
Powerful network effect: In such an environment, it is easy for a developer to gather a large user base around his application, since users of some applications in the system quickly learn about others that have just been created.
Private blockchain
Advantages
Confidentiality:  A private blockchain provides better privacy because access to the network is controlled and the data is often not even readable.
Speed: Private blockchains have far fewer participants, so the network takes less time to reach consensus.
Efficiency: Fast transaction processing improves business efficiency.
Scalability: Private blockchains can increase the number of transactions without slowing down.
Low transaction costs: Transactions on private networks are verified by trusted and powerful nodes, rather than by tens of thousands of user devices, as in public networks.
Confidence: The fact that the identity and role of each participant is not anonymous forces users to behave in accordance with established rules (or be held accountable according to the policies of the blockchain owner).
Conclusion
Data distribution using blockchain technology reduces the impact of human error, makes operations more transparent and increases data security. In addition, blockchain opens up new possibilities for a wide variety of processes and can replace many intermediaries.
Blockchain can be divided into two main groups - public and private. The principle of operation of both systems is the same, but the main difference is that the private blockchain is less decentralized and not anonymous.
Despite this, both public and private blockchains are in demand in different areas.Each of them has benefits and drawbacks of its own. Therefore, when integrating blockchain technology into your project, it is important to ensure that you have an experienced team that can make the right decision. If such specialists are not available, you can consider hiring blockchain developers on a permanent basis or through outstaffing.
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themarketinsights · 2 years ago
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Industrial Blockchain Market Resets Expectations, May See Boost in Revenue Cycle
Advance Market Analytics published a new research publication on “Global Industrial Blockchain Market Insights, to 2028” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the study, you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market-associated stakeholders. The growth of the Industrial Blockchain market was mainly driven by the increasing R&D spending across the world.
Major players profiled in the study are:
IBM (United States), AWS (United States), Microsoft (United States), SAP (Germany), Intel (United States), Oracle (United States), Deloitte Touche Tohmatsu Limited (United Kingdom), BTL Group (Canada), Applied Blockchain (United Kingdom), Infosys (India)
Get Free Exclusive PDF Sample Copy of This Research @ https://www.advancemarketanalytics.com/sample-report/174320-global-industrial-blockchain-market?utm_source=Benzinga&utm_medium=Vinay
Scope of the Report of Industrial Blockchain
Blockchain in industrial markets has proven particularly successful, spanning adoption from manufacturing to retail. Increased investments are focused on solutions that can create more streamlined operations and efficient processes, and eventually complement digital transformation strategies. The growth is mainly driven by demand in the food and beverage, transport and storage, retail and consumer, and healthcare sectors. Blockchain can address operational inefficiencies, complex logistics, accountability, and auditing issues, as well as intellectual property theft. Blockchain can be especially valuable when used alongside digital transformation strategies that aim to create agile and lean supply chain management systems. Innovative applications have successfully leveraged blockchain with new connectivity and automation technologies, Internet of Things (IoT) devices and platforms, cloud and edge computing, Machine Learning (ML) and Artificial Intelligence (AI) technologies, etc.
In February 2020, Microsoft integrated Lition blockchain into Azure so that Microsoft Azure’s worldwide enterprise clients can develop, test, and deploy Lition side chains and applications with ease on its platform.
In January 2020, IBM and Digital Asset Holdings (DAH) upgraded the Hyperledger Fabric. Developers can write smart contracts written in widely adopted programming languages, such as Go, Java, and Javascript that support Ethereum’s Solidity smart contracts language
In September 2018, Chain has been acquired by Lightyear, a subsidiary of the Stellar Development Foundation, to form the combined company called Interstellar. The companies have joined forces to develop enhanced cryptographic ledgers to make financial services smarter, more secure, and more connected.
The Global Industrial Blockchain Market segments and Market Data Break Down are illuminated below:
by Application (Logistics and Supply Chain Management, Counterfeit Management, Quality Control and Compliance, Others), Enterprise Size (Large Enterprises, SMEs), End-Use Industry (Healthcare, Agriculture, Forestry & Fishing, Food & Beverages, Manufacturing, Retail & Consumer, Transportation and Logistics, Energy and Utilities, Others), Providers (Application Providers, Middleware Providers, Infrastructure Providers), Offering (Platform (Public, Private, Hybrid), Services)
Market Opportunities:
Increasing Demand for Real-Time Data Analysis, Enhanced Visibility, and Proactive Maintenance
Rising Government Initiatives
Market Drivers:
Increasing Venture Capital Funding and Investments in Blockchain Technology
Increasing Popularity of Blockchain Technology in Retail and Supply Chain Management
Simplifies Business Processes and Reduces Cost of Production
Market Trend:
Blockchain-as-a-Service Solutions for Enterprises
What can be explored with the Industrial Blockchain Market Study?
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Industrial Blockchain Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Industrial Blockchain
Understand the Competitive Scenarios
Track Right Markets
Identify the Right Verticals
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
Have Any Questions Regarding Global Industrial Blockchain Market Report, Ask Our Experts@ https://www.advancemarketanalytics.com/enquiry-before-buy/174320-global-industrial-blockchain-market?utm_source=Benzinga&utm_medium=Vinay
Strategic Points Covered in Table of Content of Global Industrial Blockchain Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Industrial Blockchain market
Chapter 2: Exclusive Summary – the basic information of the Industrial Blockchain Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Industrial Blockchain
Chapter 4: Presenting the Industrial Blockchain Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2017-2022
Chapter 6: Evaluating the leading manufacturers of the Industrial Blockchain market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2023-2028)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Industrial Blockchain Market is a valuable source of guidance for individuals and companies.
Read Detailed Index of full Research Study at @ https://www.advancemarketanalytics.com/buy-now?format=1&report=174320?utm_source=Benzinga&utm_medium=Vinay
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.
Contact Us:
Craig Francis (PR & Marketing Manager)
AMA Research & Media LLP
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
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thepause · 4 years ago
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IBM Is Open Sourcing a Large Slice of Additional Hyperledger Fabric Code
IBM Is Open Sourcing a Large Slice of Additional Hyperledger Fabric Code
IBM is looking to get back into the blockchain business in a big way. IBM Blockchain General Manager Kareem Yusuf shares the technology company's plans to help enterprises move into the blockchain space. #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: Site: Twitter: LinkedIn: Instagram: Facebook: Newsletters: CoinDesk Podcast Network: Markets Daily…
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snapperfuturetech · 2 years ago
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How to Specialize in Blockchain: A Comprehensive Guide
Blockchain technology has emerged as one of the most disruptive technologies in recent years. From finance to supply chain management, blockchain has the potential to revolutionize industries and make them more secure, transparent, and efficient. With the increasing adoption of blockchain technology, there is a growing demand for professionals with specialized skills in this field. If you’re looking to specialize in blockchain, here’s a comprehensive guide to help you get started.
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Understand the basics of blockchain technology: Before you can specialize in blockchain, you need to have a solid understanding of the technology itself. Blockchain is a distributed ledger that is secured by cryptography. It is decentralized, which means that there is no central authority controlling the system. Transactions are recorded on the blockchain, and once they are confirmed, they cannot be altered or deleted. Understanding the basics of blockchain technology is essential to build a career in this field. Choose a specialization in the blockchain: Blockchain technology is a broad field with many different specializations. Some popular specializations include blockchain development, blockchain architecture, blockchain security, and blockchain consulting. Depending on your interests and skills, you can choose a specialization that aligns with your career goals.
Gain technical skills: If you want to specialize in blockchain development or blockchain architecture, you need to have a strong technical background. This includes programming languages such as Solidity, C++, and Python, as well as an understanding of blockchain protocols like Ethereum, Hyperledger Fabric, and Bitcoin. Additionally, you’ll need to have knowledge of cryptography, data structures, and algorithms.
Gain business skills: If you want to specialize in blockchain consulting, you need to have a strong understanding of business processes and strategies. You’ll need to be able to identify areas where blockchain technology can be applied to improve efficiency and security. You’ll also need to have excellent communication skills to explain complex technical concepts to non-technical stakeholders. Join blockchain technology companies: One of the best ways to specialize in blockchain technology is to join a blockchain technology company. These companies are at the forefront of blockchain development and have the resources and expertise to help you gain hands-on experience in this field. Some popular blockchain technology companies include IBM, ConsenSys, and Chain.
Attend blockchain conferences and events: Attending blockchain conferences and events is a great way to network with other professionals in this field. You’ll have the opportunity to learn about the latest developments in blockchain technology and meet potential employers. Some popular blockchain conferences include Consensus, Blockchain Expo, and World Blockchain Forum. In conclusion, specializing in blockchain technology can be a highly rewarding career path. By understanding the basics of blockchain, choosing a specialization, gaining technical and business skills, joining blockchain technology companies, and attending conferences and events, you can become a highly sought-after professional in this field. With the increasing adoption of blockchain technology, the demand for specialized professionals is only going to increase in the years to come.
Source - How to Specialize in Blockchain: A Comprehensive Guide
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fabricnetworkblogs · 3 years ago
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How to use hyperledger fabric nodes in business applications?
Hyperledger Fabric is a blockchain network for business applications. It provides a modular architecture that makes it easy to build and deploy distributed applications. Hyperledger Fabric nodes can be used to create and manage transactions, contracts, and data. They can also be used to monitor and manage the performance of services. Hyperledger Fabric is a blockchain platform that provides distributed ledger technology to businesses. Fabric nodes are used to build and run business applications on the platform. This article shows how to use Fabric nodes in business applications.
How to use hyperledger fabric nodes in business applications?
One of the most popular technologies used to build business applications today is Hyperledger Fabric.Hyperledger Fabric is a blockchain framework that enables decentralized applications to be created, tested and deployed.
When it comes to blockchain technology, there are a variety of ways in which you can use it. For example, you could use it as the foundation for a digital asset platform, or create a decentralized application (DApp) on top of it. However, one of the most popular uses for blockchain technology is in business applications. And if you want to use hyperledger fabric nodes to power those applications, then this article is for you.
In this article, we will show you how to set up a hyperledger fabric node and use it in your next business application. We will also discuss some of the benefits that using hyperledger fabric nodes can offer your project. So be sure to read on! Hyperledger Fabric is a blockchain platform that offers a modular architecture for developing business applications. The nodes in the Hyperledger Fabric network are called "fabric nodes." Fabric nodes can be used to create and manage transactions, access data, and run applications. They can also be used to create and manage peer-to-peer networks. This article explains how to use fabric nodes in business applications.
Hyperledger Fabric is an open source platform for creating blockchain applications. Fabric uses a modular architecture that makes it easy to add new features to the platform. Node operators can use Fabric nodes to create and run decentralized applications. This guide will teach you how to use Fabric nodes in business applications. Hyperledger Fabric is a platform for creating and running business applications. It includes tools for chain management, status updates, and performance monitoring. Fabric nodes can be used to run applications on the platform.
Hyperledger Fabric is a blockchain platform that supports distributed applications. To create and manage a business application on Hyperledger Fabric, you need to use nodes. A node runs the Hyperledger Fabric code and provides the services that your application needs. You can use nodes in two ways: as part of an entire fabric network or as isolated nodes.
Hyperledger Fabric is a blockchain-based platform that allows for the creation of modular applications. It offers a number of features that make it ideal for business applications, such as its ability to handle high volumes of data, its security features, and its ability to scale. This article provides a brief introduction to Hyperledger Fabric and how to use nodes in business applications.
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cryptodailysun · 3 years ago
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The global events industry is a $800 billion market, and True Tickets CEO argues that on-chain tickets are the key to its growth. True Tickets, the blockchain-based digital ticketing platform, made its Broadway debut last fall in collaboration with the Roundabout Theatre Company in New York City. After a "successful" run thus far delivering digital tickets to the Trouble in Mind play and Caroline, or Change musical, Matthew Zarracina, co-founder and CEO of True Tickets, talks blockchain and ticketing with Cointelegraph.When a prospective theatre-goer completes a ticket purchase on the Roundabout website and chooses a digital delivery, as opposed to picking up a ticket at will call or printing it at home, that's True Tickets cue to come in. Built on the Hyperledger Fabric platform that runs on the IBM Blockchain and deploys to Google Cloud, True Tickets provides the infrastructure that generates dynamic QR codes integrated with distributed ledger technology.Broadway is back! And we had a great first fall season delivering more than 22,000 blockchain enabled, secure, contactless digital tickets for @RoundAboutNYC. We love seeing the real-world success of digital ticketing for both the venue and patrons: https://t.co/4GlieWEsUV pic.twitter.com/0jSi26yDeU— True Tickets (@true_tkts) March 1, 2022 Zarracina explained how a ticket is like a license, and not an asset, with terms and conditions that can "finally" be enforced in an automated and efficient way thanks to blockchain. He said that there has been "significant operational improvement" especially when it came to ticket distribution and resales in secondary marketplaces, claiming a 90% to 99% reduction in authorized listings or fraudulent issues. Venues are also able to track ownership and contact a ticket holder in case of a change or cancellation. "Now theaters have this chain of custody every time the ticket changes hands. They know where the money is going. And we want to be that infrastructure layer that connects all the ticketing systems to all of our venues."Related: Ticketing platforms use blockchain to engage with customers post-pandemicZarracina also attributed the acceleration of the digital transformation of ticket sales to the COVID-19 pandemic. In addition to working with the Roundabout Theatre Company, True Tickets also partners with the The Adrienne Arsht Center in Miami and the Dr. Phillips Center in Orlando, among others. Recently, True Tickets raised a $5 million seed round led by Logitix, a ticketing platform that offers pricing optimization for venues, teams and promoters. Go to Source
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roshinabraham · 4 years ago
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Blockchain development roadmap
The concept of blockchains technology is set to revolutionize not just the finance or healthcare industry but many aspects of business, government, and even our personal lives.
So what exactly is blockchain?
The blockchain is a chain of time-stamped digital records, known as blocks, which are linked together cryptographically. Since every record that goes into the blockchain always stays there, it can be traced anytime, and nobody can tamper with the blocks of information.
The technology comes with the following benefits:
Decentralization: Removes single points of failure from the system.
Transparency: Makes it possible for every member of the network to access the data simultaneously.
Trust: Achieved through mass consensus.
Related article on What to know before implementing blockchain in your business
Steps involved in a blockchain development process
Now let us look into the stepwise process of developing a blockchain roadmap and understand the blockchain development process.
Step 1 - Identify the problem and goal
The basic step is to define a problem statement, meaning, you should know the problems a proposed solution is expected to solve. Ensure that the blockchain solution will benefit your business abilities. Analyze whether you need to migrate your current solution to the blockchain, or you require a new application to be developed from scratch.
For example, if you are a food supplier and looking to build a blockchain-based supply chain application, you should understand the multiple use-cases of the application and how it is going to benefit your business and the consumer.
Related article on Unchaining the food, retail supply chains with blockchain
Step 2 - Identify the suitable blockchain platform
A blockchain platform is required to build a decentralized application without having to create a blockchain from scratch. Building a blockchain from scratch requires thorough research and takes months to years to develop successfully. Therefore, you should build a blockchain app on top of a blockchain platform that meets your business requirements. This platform depends on the consensus mechanism and the problems it has to solve.
Some of the blockchain platforms you can choose on the basis of their functionality and mechanism are:
Ethereum
Hyperledger Fabric
Hyperledger Sawtooth
Step 3 - Blockchain ideation
In this step of the blockchain development process, you need to evaluate, formulate, and prioritize use cases for blockchain experimentation. Find what technology components should be added as off-chain or on-chain entities on the blockchain ecosystem.
Create a roadmap of the product that will help you to build an application within a decided deadline. You should come up with a blockchain model and conceptual workflow of the blockchain application. Also, decide if the application needs to be developed on a permissioned or permissionless blockchain network.
Step 4 - Developing a proof-of-concept
A proof-of-concept is a way to demonstrate the practical potential of a blockchain project and it can either be a theoretical build-up or a prototype. In Theoretical Build-up, each project requires theoretical cases so that users could understand the applicability and viability of the product. Proposals can be created to explain the project’s parameters. After creating theoretical build-up and receiving feedback, a prototype is designed.
Step 5 - Visual and technical designs
Start creating UIs for each software component. Design APIs that will be integrated with user interfaces to run an application at the back-end. Visual designs are created to give a look and feel to the application, whereas technical designs represent the application’s technology architecture.
Step 6 - Development
Development is the core stage of the blockchain development process where you should be prepared for building the application. In this specific stage, you either have to develop or integrate APIs for particular use cases of the application. The application is built under multiple versions. The application is developed under different phases. It should have the potential to upgrade according to the new business requirements and prioritization.
For example, if you have to upgrade the smart contract, later on, you should be able to deploy the new contracts seamlessly. Design and develop the application in a way that adding or upgrading components does not affect the existing application.
Related article on How secure is your smart contract?
Closing thoughts
When you are done with all these steps, you can generally land up with a solution according to your needs. The decisions related to all stages should follow the objectives you want of the solution alongside the desired infrastructure. Completely new blockchain solutions could lead to a long and comprehensive blockchain development process. However, you can also opt for existing blockchain platforms that can support the resourceful development of blockchain applications.
Therefore, blockchain has the potential to disrupt countless industries and how organizations operate within them. The technology is real and it is being evaluated seriously by many enterprises and government agencies to enhance and streamline operations.
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blockchainforbusiness · 7 years ago
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What do you thing about the new protocol? Will this reduce the power consumption of bitcoin mining ?? Let us know! And this is what Wei explained: "insert and remove consensus mechanisms to solve the current energy consumption problem, and is also compatible with the development system of Bitcoin and Ethereum." ========================== #blockchainweek #blockchaintechnology #blockchain #sawtooth #fabric #hyperledger #blockchainnews #tech #technews #technology #cryptocurrency #crypto #blockchainweeknyc #news #programming #software #developer #consulting #consultant #spreadtheword #germany #business #blockchainforbusiness #etherum #bitcoin #mining (at Nordrhein-Westfalen, Germany)
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btcmanager · 5 years ago
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Automobile Giant Renault Tests Blockchain Solution to Certify Vehicle Components
Automobile Giant Renault Tests Blockchain Solution to Certify Vehicle Components
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Renault group has confirmed that it has tested a Hyperledger Fabric blockchain solution that will be used to ensure the conformity of the parts used by the manufacturer. As explained in a Renault group press release on September 10, the blockchain project is called XCEED (eXtended Complaince End toEnd Distributed). Initial Tests Successful Renault testedRead More
https://btcmanager.com/automobile-renault-blockchain-vehicle-components/?utm_source=Tumblr&utm_medium=socialpush&utm_campaign=SNAP
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qualityhomeworkanswers · 5 years ago
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Computer Science homework help
Computer Science homework help
In chapter 2, the author describes Hyperledger Fabric and its components. Create a new thread, choose one of the Hyperledger design principles described in chapter 2, and explain why your chosen design principle is important to a successfully enterprise blockchain implementation. I’m interested to read what YOU learned from this week’s reading. Do NOT submit a research paper. Tell me what you…
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goldira01 · 5 years ago
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Blockchain technology has become synonymous with privacy and security, but those very characteristics have been put to the test over the past decade. With historical roots embedded in cryptography, many blockchain and cryptocurrency projects purport to offer unbridled security and privacy measures. The industry is split between public blockchain platforms like Bitcoin and private or permissioned blockchains focused on enterprise use.
Cointelegraph has previously explored the ins and outs of privacy concerns around blockchain technology, but the security of these systems is a major consideration on its own. In the years since Bitcoin’s (BTC) inception, a multitude of cryptocurrencies has been created, along with numerous blockchain projects in the private and public sphere.
The sheer number of working parts and industry participants means that vulnerabilities have been identified and exploited over the years. This is despite the best efforts of those involved to create the most secure blockchains, cryptocurrencies and exchanges.
This article will shine a spotlight on public blockchains and cryptocurrencies like Bitcoin, permissioned blockchains that offer enterprise solutions to mainstream corporate companies as well as privacy coins to delve into the different considerations of their perceived and actual levels of security.
Is Bitcoin secure for the average user?
Given that the use of cryptocurrencies primarily began with individual users and adoption by bigger entities such as financial institutions has been slow, a major concern is the security of blockchain or cryptocurrencies being used by individuals. In order to get an understanding of what makes these systems secure, Cointelegraph reached out to blockchain and cryptocurrency analysis firm CipherTrace. 
John Jefferies, who is the company’s chief financial analyst, identified and separated the different categories that are needed to fully understand the level of security of an open blockchain or cryptocurrency like Bitcoin:
“There are three levels of security to consider: personal, platform and technology. Blockchains provide the technology layer, but the average user must trust the security of the particular wallet or exchange they are using. A well-validated, open-source blockchain built using known, trusted encryption, such as the Bitcoin blockchain, provides the level of security to assure the average user that their transaction data has not been tampered with.”
When asked whether open blockchain systems have provided trusted security and privacy to users, Jefferies outlined two key elements of Bitcoin’s system that answered long-standing problems plaguing earlier digital currency projects. First of all, the Blockchain technology proved to be a major advancement, as it solved the double-spend issue in peer-to-peer transactions. 
Another vital protocol that ensured security was the basis of Bitcoin’s consensus protocol, as Jefferies explained, the blockchain technology also deals with the Byzantine Generals Problem, where a messenger sharing information between generals can deliver false information. However, if all parties receive information that is verified by the majority, the corrupt messengers will be discovered. While these two elements provide robust security to the overall Bitcoin system, Jefferies makes a clear distinction between the security of the protocol and the privacy afforded to users:
“It is a common misconception that Bitcoin was designed to be anonymous, but in actuality, the Bitcoin blockchain is pseudonymous, meaning transactions are publicly visible yet the individual users associated with transactions are not. Satoshi’s white paper only discusses privacy in two paragraphs. If privacy was the goal, it would have been designed differently.”
Cointelegraph also reached out to Stanford University Ph.D. student Florian Tramèr, who recently managed to discover vulnerabilities in privacy coins Monero (XMR) and Zcash (ZEC). A remote side-channel assault would enable an attacker to recover a user’s IP addresses, thereby destroying any semblance of anonymity and privacy of the users in a transaction. 
Tramèr weighed in on the level of security that open blockchain networks, like Bitcoin, offered the average user. He highlighted in a comment to Cointelegraph that Bitcoin’s consensus protocol has proved its efficacy on its own, but the development of numerous third-party applications, like exchanges, has added a number of vulnerabilities to the overall ecosystem:
“The general idea of consensus via proof-of-work definitely seems to be standing the test of time — in terms of security at least, not so much in terms of scalability. […] On the security side, we’ve seen countless examples of vulnerabilities in smart contracts, wallets, exchanges, etc. From the privacy side, there have also been many studies showing that cryptocurrency transactions are relatively easy to trace and de-anonymize, even in systems, such as Monero and Zcash — mostly because actually achieving good privacy requires a lot of extra care on the user’s side.”
Permissioned blockchains and privacy coins
Private, or permissioned, blockchains have become a go-to solution for big companies and corporates that are looking for distributed ledger solutions for various business challenges. It goes without saying that bigger conglomerates will take no chances when it comes to security and so they turn to permissioned blockchains that are tailor-made and managed by specialist tech companies.
Prime examples are Microsoft Azure Blockchain Service and IBM’s Blockchain platform, which is powered by the Linux foundation’s Hyperledger Fabric. Microsoft Azure Blockchain Service performs a similar function, allowing users to build and operate blockchain networks that scale. IBM Blockchain is aimed at large businesses and corporations and has a variety of existing blockchain platforms that companies can join. Clients can also build and launch their own platforms that can be programmed to carry out specific functions. 
Related: Leveraging Hyperledger Fabric — Enterprise Blockchain Unleashes Viable Solutions
When asked if permissioned blockchains are more secure than open networks, CipherTrace’s Jefferies offered an argument suggesting that these platforms aren’t inherently more secure: 
“No, they are simply attacked less because they do not move money and are not widely deployed. If anything, they could be more susceptible to hacks and security breaches because by nature of being permissioned, private blockchains are more centralized.”
Tramèr’s take was similar to that of Jefferies about how permissioned blockchains would contrast the security of open blockchains:
“The threat model is certainly different. Yet, some issues, such as smart-contract bugs, key management, etc., would also be a problem in a permissioned or private system.” 
While companies may turn to permissioned blockchains to operate closed-off ledger systems and other financial tasks, at the other end of the spectrum, there are privacy coins that aim to offer complete anonymity to users. Considering Tramèr’s research into perceived privacy and security offered by privacy coins, he insisted that assessing the actual degree of privacy and anonymity offered is not a clear-cut conversation:
“On the one hand, Zcash and Monero use some fairly advanced and very recent developments in cryptography to offer, in principle, high degrees of privacy and anonymity for transactions. On the other hand, cryptography is only one part of a large distributed system implemented by these projects. And measuring privacy, or the lack thereof, at a systems level is very hard. There can be subtle implementation bugs and a variety of usage patterns or side-channel leaks that might reveal much more than the cryptography intends.”
A balancing act
A key takeaway is that security concerns in the blockchain and cryptocurrency space transcend individual systems. One cannot label a single platform or cryptocurrency as insecure due to the fact that there are numerous systems that plug into one another. Tramèr offered a comparison between traditional financial systems and the emergence of blockchain-based cryptocurrencies where no system is “unhackable” and that security concerns also come down to usability issues:
“You shouldn’t have to be an expert to use these cryptocurrencies in the most secure way possible. At the same time, striving for an ‘unhackable’ system is not necessarily the right goal. If you look at the banking system for instance, things are clearly not ‘unhackable.’ People get their credit cards and account logins stolen all the time; banks get hacked; there’s a lot of fraud; and most of this gets handled by the legal framework and insurance. A similar framework for seamlessly and gracefully handling security breaches and losses in the cryptocurrency space doesn’t exist yet.”
In the decade following Bitcoin’s creation and the emergence of numerous altcoins, blockchain platforms, cryptocurrency exchanges and a multitude of other projects have sprung up. This inevitably included teething problems and hacks; fraud and security breaches were rife, particularly among cryptocurrency exchanges. 
Meanwhile, technologists and developers have begun leveraging blockchain technology and cryptography to build secure and robust systems. The exploration of the capabilities continues today, and Jefferies believes that the technology will continue to drive the development of more secure systems across a wide range of industries:
“Yes, there has been a lot of experimentation looking for use cases where blockchain provides benefits beyond traditional technology. […] We are seeing companies and countries pursuing digital currencies because of the enhanced efficiency and control enabled by digitalization. In the next 10 years, every major economy will have their own Central Bank Digital Currency.”
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cryptocoingrowth · 5 years ago
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Visa Files Patent for Cryptocurrency System to Replace Cash
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Visa International has filed for a cryptocurrency system patent that is meant to replace physical currency. The system, which utilizes both central banks and commercial banks, leverages a private blockchain to improve the payment ecosystem.
Visa’s Cryptocurrency Patent Filing
The United States Patent and Trademark Office (USPTO) published on Thursday a patent application entitled “digital fiat currency,” filed by Visa International Service Association on Nov. 8, 2019.
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The USPTO published Visa’s patent application for “digital fiat currency” on May 14; it was filed on Nov. 8, 2019. Source: Visa’s crypto patent filing with the USPTO.The filing is for a fiat-linked cryptocurrency system using “a private permissioned distributed ledger platform.” It describes a central computer, its responsibilities, and key roles of the system: central entities, validating entities, redeeming entities, and users. “A central entity may be a central bank, which regulates a monetary supply,” the document details. Validating entities “are blockchain nodes, which may be peers such as banks.” Redeeming entities “may accept physical currency for exchange for digital fiat currency,” such as an ATM or a bank branch location.The central entity computer generates the digital currency that is recorded on a blockchain and “may determine that a particular digital currency unit should be added to or removed from the blockchain.” According to the filing’s abstract:The central entity computer causes removal of the physical currency from circulation in a fiat currency system.The filing further explains that the payment ecosystem may become 100% digital and “cash may be removed from the markets in a frictionless manner” to improve the payment ecosystem. “Users may hold digital currency with the same denomination as the local physical currency.”It also notes that once the digital fiat currency is issued, “A user or bank may transfer the digital currency from wallet to wallet or store the digital currency on a smart card and transfer the smart card to another entity.”
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An illustration of the cryptocurrency system Visa is trying to patent. Source: Visa’s crypto patent filing with the USPTO.A consensus mechanism has not been chosen for the system’s blockchain. “The consensus mechanism may vary depending on the protocol implemented. Some example consensus mechanisms … are proof of stake, Byzantine fault-tolerant algorithms, and crash-fault tolerant algorithms,” the filing details. Other mechanisms explored include a copy of Ethereum, Hyperledger Fabric, and zero-knowledge proofs. The full filing can be found here.A Visa spokesperson was quoted by Forbes on Thursday as saying: “Each year we seek patents for hundreds of new ideas … While not all patents will result in new products or features, Visa respects intellectual property and we are actively working to protect our ecosystem, our innovations and the Visa brand.” Commenting on Visa’s cryptocurrency patent filing, lawyer Jake Chervinsky tweeted:You can’t patent something you didn’t invent or that isn’t new, so Visa’s patent application has to be so narrow that even if it issues, it won’t be much use even if it was enforceable. Finance incumbents won’t be able to use patent law to stop the crypto industry.Other companies have tried to patent various cryptocurrency systems. For example, Microsoft was recently granted an international patent by the World Intellectual Property Organization for a cryptocurrency system using body activity data.What do you think about Visa’s crypto patent filing? Let us know in the comments section below.Use Bitcoin and Bitcoin Cash to play online casino games here. Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerOlder Posts Read the full article
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