Blockchain

Blockchain

Why does anyone even buy cryptocurrencies?

James “Jim” Holder the Third had a problem. The Texan used car dealer had inherited his father’s used car lot which his father had in turn inherited from his grandfather, the original James Holder. But while the Austin, Texas used car lot used to push out shiny Buicks and Cadillacs to moneyed oilmen, the well of buyers looking for gas-guzzling American cars had run dry, although, the pumps of Texas had not. But Holder, a burly, mustached former quarterback at Westlake High School was not about to throw in the…

Blockchain

Why Blockchain Won’t Make Humans Obsolete and what it will do instead

Lawyers are annoying. I would know: I’m one of them. We are so annoying in fact that they are the subject of endless jokes, some of which are quite funny. But lawyers will not be replaced by blockchain technologies. Neither will accountants, bankers, or any other job role. Rather these job roles will be “disrupted” meaning that their current essential roles will change. An example might help… From computers to computers Until the 1950s, “computers” were largely assumed to be humans. That’s right: humans who computed data. Starting from advances made during World…

Blockchain

Inspecting Crypto: Make the Most out of a Blockchain Explorer

Blockchain ledgers contain hundreds of gigabytes of unreadable information. To make it easy to understand and interpret, there are block explorers (often referred to as ‘blockchain explorers’ or ‘wallet explorers’). A block explorer is needed for understanding a network’s performance. It lists the chain’s most recent blocks, transactions in given blocks, current and historic balance, the age and height of a specific block and other useful data. Below, you will find some popular applications of blockchain explorers for examining blocks, addresses or transactions. Blockchain Explorers for Analyzing Addresses Blockchain explorers…

Blockchain

Uses for Blockchains in the Developing World

In my article An Intro to Blockchain, I discussed the basics of blockchain technology for people that had not heard of it before. This article will expand on that and provide concrete examples of potential uses of blockchain technology, with a primary focus on how impactful they could be in the developing world. You’ll recall that I define blockchains as incorruptible peer to peer public databases which can be used to permanently record transactions in a manner which makes them fully available for public view while simultaneously maintaining an extremely high level…

Blockchain

Tokenization of Energy: Crypto Mining, Proof of Work and the Reinvention of Energy Financial Markets

Blockchain-based innovations are as much about new technology as they are about new concepts of governance. In particular, the continued proliferation of Proof of Work (PoW) consensus has the potential to fundamentally change the structure and incentives of the energy markets. By translating physically trapped energy into global and digitally mobile value, the energy economics of production and distribution may change. One of the most common misconceptions about the Blockchain and Digital Assets space is that we’re witnessing “a technology-driven” revolution. While the technology paradigm of distributed ledgers (“DLTs”) certainly brings incremental…

Blockchain

The Emergence of Decentralized Finance

The current global financial system has created enormous amounts of wealth for the people with resources, knowledge & access to the financial centers around the world. At the same time, events like the housing crisis of 2008–09 has not only caused massive hardships for the common man & rich alike, it has eroded the confidence of the general populace in the current system. Until the above mentioned financial crisis happened, there wasn’t an alternative to the shaky centralized financial system, but in the last decade a new decentralized financial model has emerged — one…

Blockchain

Leveraging both AI & Blockchain for Impactful Big Data Analytics

Unequivocally, Artificial Intelligence (AI) and Blockchain are the cornerstones of exponentially expanding the technology in the present era of “Digital Revolution”. The convergence of AI and blockchain with Big Data Analytics has opened the gateways for enhanced efficiency and transparency in operations. By leveraging, analysing and managing data effectively, businesses can make informed decisions, reduce costs and transform business processes. Yet many companies and organisations are skeptical about switching to these new technologies due to concerns regarding returns on investment and security. Processing using Artificial Intelligence AI simply put, is…

Blockchain

An Intro to Blockchain

By now nearly everyone has heard about bitcoin and blockchain but, to most, it is a technology about which we only have a cursory understanding. It is when you delve into the technology and its implications on everything from financial transactions to organization of land titles and other government documents that you realize the massive potential that blockchain has to do good. It has the ability to create smart contracts (self-executing contracts written into code) and, more importantly, the ability to drastically increase the level of trust integrated into many…

Blockchain

2019 — The year blockchain goes mainstream?

There have been two announcements by major global companies in the past week that could see 2019 as being the year blockchain goes mainstream. JP Morgan announces ‘JPM Coin’ Last week JP Morgan announced plans to launch its own blockchain to speed up transaction times for the many thousands of international transactions it facilitates for its corporate clients, securities transactions and treasury services. There are some important things to note about the announcement: This blockchain will be private and permissioned. JP Morgan will have centralised control over the blockchain and users must be…

Blockchain

Blockchain Technology & Artificial Intelligence — Unmasking the Mystery at the Heart of AI

Can Blockchain Demystify AI’s Black Box Problem and Help Accelerate Mass Adoption? Peanut butter and chocolate, Mick and Keith, Batman and Robin — great partnerships — successful marriages so to speak. Something magical happened when their paths merged, forging culinary, music and comic book history. When two technologies collide, the result is groundbreaking innovation — healthcare and robotics, supply chain and distributed ledger technology, digital technology, and photography, 3D printing & healthcare. In business for an innovative idea to be implemented on a large scale, it has to solve a specific need and it needs to…