The Global Blockchain market is expected to grow at a CAGR of 42.8% (2017-2022), resulting in a global revenue of USD 13.96 billion by 2022. Blockchain technology is being used increasingly in the Banking Financial Services and Insurance (BFSI) segment for financial transactions and cross-border payments. The Blockchain Technology market is further classified into three main types based on its user’s accessibilities Public Blockchain Technology, Private Blockchain Technology and Mixed Blockchain Technology. Public Blockchain technology rules the roost.
Looking out for cryptocurrency jobs? Cryptocurrency and blockchain skills are in huge demand in 2018, in initial coin offerings and established cryptocurrencies — or for blockchain applications in non-crypto enterprises. Just ten years after the advent of Bitcoin, opportunities…
Data privacy has been a hot topic lately. The revelation that millions of Facebook users’ data were breached by the political consulting firm Cambridge Analytica has sent a jolt through the tech world.
With the amount of data people provide to companies like Facebook, it’s essential to have ways to protect information and keep sensitive data safe. And zk-SNARKs are a valuable weapon in the battle for privacy and security.
Known for its widespread use in Zcash, zk-SNARK is an acronym for “zero-knowledge, Succinct, Non-Interactive Argument of Knowledge.”
It’s a mouthful to say, but its capabilities are simple. zk-SNARK is a form of cryptography that proves possession of certain information without revealing that information, and without any interaction between the prover and verifier.
Are you ready to find out how blockchain, the emerging digital currency, is set to rock the world of social media influencers?
Before we go any further, consider this: Influencers can shift a brand’s image from obscurity into the limelight. With the right tactics, they have the power to grow your brand and double or triple sales beyond expectations. How? They’re highly engaged on social media, have established audiences and are the authorities in their industries.
The bottom line is, when an influencer spread the word about a company, it grows. In essence, they entice consumers to jump on the bandwagon by using social stimulation—also known as word-of-mouth, viral social media marketing.
This survey found that 84 percent of businesses plan to use influencers as part of their future marketing campaigns.
Bitcoin was envisaged as a payments system and so it was natural, long before the store of value notion emerged, that comparisons would be made with existing global payment systems. Bitcoin’s early adopters knew that if the technology took off, some time in the future it would need to handle magnitudes more transactions per second than the 7 it could muster. Someone mentioned Visa with their magical 24k per second, and it’s stuck ever since.
Only that figure isn’t entirely accurate. In fact it’s not even remotely accurate. In reality, Visa processes around 1,700 transactions per second, a figure it rarely exceeds. The larger number is the one that Visa claims, and it’s the one that’s usually referenced in comparison to bitcoin and every other blockchain. In theory Visa should be able to handle that volume – in fact it’s been reported that its servers can handle as much as 56k tps – but that’s all theoretical, much like the claimed throughput of new blockchains that can operate at the speed of light in the lab, but significantly worse in the wild. There’s a big difference between operating a testnet on a bunch of Amazon servers and a mainnet distributed around the globe.
Nokia is testing its own commercial blockchain for enterprise applications.
Nokia could become a rival to IBM’s blockchain for enterprise application and healthcare services.
Blockchain is an incorruptible decentralized ledger for any digital transactions. It has no single point of failure and cannot be controlled by one entity.
Nokia has also launched a blockchain-powered Sensing-as-a-Service service for telecom companies to monetize environmental data gathered from smart devices.
Like IBM’s Watson, Nokia also has a cognitive computing platform called AVA.
Here’s where blockchain comes into play. In the past we have focused on data in a particular server or database that needs to be secure. This remains true today no matter what. However what about data that is on a sensor? What if competitors can get access to sensitive data about machinery and confidential processes information? That could create havoc in business.
Many are now seeing blockchain as a viable means to secure the Internet of Things (IoT). This could be a marriage made in data heaven.
As Bitcoin becomes more famous, and as more people begin to invest in it, many are asking the question, what’s the difference between a cryptocurrency and a normal (terrestrial) currency?
Currently, a new model is being actively formed creating scalable and efficient applications, the foundations of which were laid by Bitcoin technology. Basically cryptographic transaction registration model with limited resources and peer-to-peer technologies. These characteristics served as a starting point…
Early sharing economy enthusiasts had a clear vision for the peer-to-peer marketplace: path towards sustainability, empowerment of individuals, and new job opportunities for the disadvantaged. However, the sharing economy’s giants such as Uber and Airbnb quickly overtook the marketplace, painting a vastly different picture.
While they provide convenience and efficiency, there’s a price to pay: low wages and job insecurity. As a result, we’ve seen a number of workers across the globe take it to the streets to voice their dissatisfaction with unfair work practices.