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4 Jun

The Benefits Of Applying Blockchain Technology In Any Industry

In today’s dynamic business environment, industries are looking for a system that enhances their productivity as well as secure their data. Blockchain provides trust within its network which is the growing need of the business. Amongst its wide range of benefits few of the benefits stand out that gives this technology leverage above all:Faster traceabilityBetter transparency        Enhanced securityEasy and faster transactionReduced dependency on intermediary servicesProvides a decentralized platformThe range of benefits provided by Blockchain technology is huge and almost all industries both traditional and non-traditional, these industries can reap their benefit as listed below:Benefits in Banking & Finance Sector: Since Blockchain technology works on a decentralized platform it reduces the interference of intermediary vendors. Both reducing the cost and streamlining the process efficiency. Automation becomes easier through smart contracts and there are fewer chances of errors happening. It also provides a solution to data privacy breach by giving digital security. All aspects such as business process and asset governance along with identity management become seamless as they can be easily programmable and customizable. It provides a network system that is automated which in turn reduces all transactional and operational costs. Benefits in Healthcare Sector: Record keeping is the backbone of any industry more so its importance is undeniable in the healthcare industry. Accurate patient history provides a sound ground for administering the right drug and diagnosis. Blockchain technology stores and can track information in real-time, this aspect provides easy access to drug traceability of an individual patient. Due to its high data security and approachability,  decentralization and transparency it allows seamless clinical trials and research.  Benefits in the Hospitality Sector: Blockchain technology can provide a great travel experience to customers and increase collaboration. It can help in simplifying national and international payments through its security system and provide an easy way for paying travel expenses. Digital payments become effortlessly simple and secure through blockchain’s network that acts as an encrypted ledger. Through its shared digital database customer check-in and identification can be done just by a fingerprint verification. Additionally, through its unchangeable record keeping, it can extend additional benefits of providing accurate baggage tracking. Thus making transactions more contactless. Benefits in the Education Sector: Digital learning has increased many folds with the onset of a pandemic. Blockchain provides a solution to decentralize online learning with increased sharing of information in real-time. It provides an opportunity to develop efficient online learning platforms. Through its advanced encryption Blockchain provides a solution to secure copyrights and helps in the verification of student records and accreditation. Its robust features help address the challenges of online learning. It would not be wrong to say that Blockchain is a revolutionary technology that has huge benefits and potential for almost all industries. It's critical that businesses both traditional and non-traditional adapt to this at the earliest. Upholding the benefits of Blockchain technology in cognisance, Blockchain Community India provides a collaborative environment for business and blockchain technology enthusiasts to thrive and collaborate. 
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1 May

What is Blockchain Technology And How It Helps Business Growth

One of the world’s dynamic digital innovations is in the form of Blockchain Technology. Catering to the issue of trust within its network, it’s a digital ledger wherein the transactions are distributed and duplicated within the network called Blockchain. All the transactions made and recorded within its system are in ‘Blocks’ and are time stamped. Each transaction has its own unique code, which makes it easily identifiable and added to Blockchain.Blockchain provides a strong ledger system for the business, to keep their financial transactions hassle-free, safe and secured. It comprises some of the unique properties such as:-      All transactions made are recorded within its system and are encrypted individually. -      The transactions are recorded in blocks and time-stamped. -      Blockchains are programmable -      It is decentralized and acts as an open ledger -      It removes the role of intermediaries and the transactions take place only between the sender and the receiver, thus providing a peer-to-peer network. How does Blockchain technology help? Owing to its unique features, some of the most significant benefits of Blockchain technology that directly affect the business growth are:Better transparency and accurate traceability - Blockchain works on a network that is decentralized with no needs. It is a platform wherein anyone can join it and view the information within the network. However, because of the powerful control mechanism, cryptography and its associated encryptions, the data stored in the network cannot be changed or deleted. All the changes made in the network are time-stamped and recorded permanently. The data stored is easily auditable, thus each transaction made within blockchain technology is transparent and accountable. Enhanced security - Blockchain uses advanced security, and each transaction recorded on its platform needs to be validated through the consensus method. They used a unique hashing method to link all encrypted transactions made. They primarily used cryptography for providing security in a blockchain network. Each user on the blockchain network has private keys which work as digital signatures, this ensures that they will easily capture any changes done in the records. We can see the security given by blockchain technology in database management in the healthcare sector and in supply chain management. Improved accessibility, efficiency and reduced costs  - Blockchain technology provides a network wherein business can make transactions in a decentralized network. All the transactions constantly updated and accessible with increased security. This safeguards business against frauds and data or information tampering. It eliminates all time-consuming activities and human errors through its automated system of storing accurate data. It also eliminates any third party interventions as vendors because of its decentralized system, hence saving additional vendor costs. Businesses can process faster payments, thus saving time and removing errors. Blockchain technology brings enormous benefits for the business to prosper and grow. It is about time that businesses scale up their growth strategy in partnership with this technological innovation. Its implementation definitely improves the supply chain mechanism, streamlines business accounting, evades any cases of frauds and finally stores data securely. All this enhances customer experience and maintains customer privacy. 
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19 Apr

How Will Blockchain Technology Change The World

Blockchain technology is one of the most valuable technological innovation. It has captured the imagination and interest of business owners across the globe.However, an important question such as do blockchain help in bringing change in the world through the way traditional business works?Its definite answer is YES !!Blockchain technology is best suited for a scenario wherein ownership histories are important. It provides additional, more unique benefits such as:-      The chronologically recorded data is highly secure and are time stamped.-      The decentralized transactions that take place are not only transparent, they cannot be altered or deleted.-      It provides a strong ledger system.-      Its decentralized distributed network of systems creates confidence in the data.-      Blockchain provides trusted systems for information management, data, and digital assets that can be accessed in real-time.There are multiple means blockchain technology revolutionizes the way the data is stored, businesses are run, and this does not limit it to the exchange of cryptocurrency only.Blockchain technology’s growing impact can be found in various areas and industries as listed below:1.   Public Projects: Recently the Indian Ministry of Electronics and Information Technology proposed a blockchain project named Vajra planned by the National Payments Corporation of India for different payment organizations. This was a firm step in the digitalization of the payments with robust record keeping. Another potential use of Blockchain technology is in an e-voting system that would simplify, speed up, and reduce the cost of elections without historic data being changed or deleted.2.   Education Industry: With increased focus on online learning, there are currently multiple platforms that are leveraging the blockchain projects in education. Blockchain-based ledger technologies for education have enabled maintaining accurate student attendance records, courses, payment towards tuition certification and many other benefits. 3.   Hospitality and Travel Industry: Blockchain technology enables the hospitality industry to flawlessly do their customer identity verification through fingerprint or bar code. Powered by artificial intelligence semi or fully automated, human interaction software called chat-bots cater to customer queries and responses. Blockchain provides better ways to make a transaction and store and use information through cryptography or high-security encryption.4.   Healthcare Industry - There are multiple digital platforms such as ‘Patientory’ which is one of the enormous libraries that maintains data pertaining to patients and healthcare. Such digital platforms use the benefits of blockchain technology of a strong record-keeping of decentralized transactions. The record-keeping is transparent and is not altered or deleted. Across the globe, healthcare companies use blockchain technology for securing data related to patients' identity, medical prescription, medical inventory, specialized medicare, etc.With the above listed obvious Blockchain-based innovation and intervention, it's needless to say that Blockchain technology holds the power to revolutionize the world. In the context of blockchain technology, the way we interact with data, its management, transparency and security would further change. In this setting, Blockchain Community India through its strong community network provides a collaborative platform to help the traditional business make the best use of blockchain technology. 
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1 Mar

Indian Government Explores Blockchain Technology for Public Projects

Blockchain technology is set to see a revolution in India as the Ministry of Electronics and Information Technology has recently shown its interest in Blockchain through a draft, National Strategy on Blockchain. The draft was made after consultation with various stakeholders including academia, industry, and government. The draft primarily focused on bringing Blockchain into multiple services like property record keeping, management of supply chain, record-keeping, managing digital certificates to name a few. A couple of months ago, a blockchain project named Vajra planned by the National Payments Corporation of India for different payment organizations providing secure exchanges on their online stages or mobile applications, which is very similar to what Blockchain Community India's wallet also does. Blockchain Technology works on the distributed ledger systems which means all the records are available to all the people and to make the technology more effective for the government's need they have decided to divide into 4 parts:public and permission less, in this everyone will be allowed to write, edit or view data.  public but with permissions, here only a few people who are authorized will be able to edit.private and permission less, this means that there will be only a few authorized people will be able to check but anyone can access the database. and private and with permissions- only a few will be authorized to edit and view the data.The focus of the government is not limited to bringing the Blockchain technology but also make sure that the systems which are introduced are safe enough to prevent fallacies like copying of data or hacking of the ledgers. The government also emphasized the fact that not many citizens will be equipped to access information on such systems, and hence there is also a need to make the system accessible more easily for which the government should run information campaigns to introduce these systems to a large population of the country.  Communities like Blockchain Community India will also play a great role in informing and bringing Blockchain into daily lives of peopleApart from this, the government is also trying to explore Blockchain in different sectors. The think tank by the government of India Niti Aayog also discussed the possibility of using a blockchain ledger system in the management of state-provided schemes such as the supply of fertilizers for agricultural activities or maintaining records of PDS and a few more. The introduction of blockchain will make record-keeping effective and reduce the red-tapism and discrepancy in the current system. The government in the draft also mentioned the possibility of using the system for the management of vaccines and other medical supplies. The draft mentioned using a ledger system for logistics and refining current systems. Bringing Blockchain technology into the government system is a boom for the country as it will become the source of truth and everyone will be able to see where the government is spending the taxpayer’s money. This will be a big step towards digital India, said the ministry officials. This will also mean that blockchain will be promoted in the country and more organizations will also adopt such systems. This draft has boosted the blockchain industry and the implementation of these recommendations will definitely bring a blockchain revolution to India.
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12 Feb

Blockchain Trends in 2021 - Blockchain Community India

2020 was the year of transformation in businesses due to the COVID-19 pandemic. Many businesses adopted new and improved technologies to sustain the business in these challenging times and most of these businesses will also retain the new procedures and technologies. In the year 2021, we will see a boom for technologies like Blockchain as they are serving the needs of businesses of the 21st century and Blockchain Community India is the first Blockchain technology based community. Here are the few trends which will see a tremendous adoption from different business houses: 1.     Accelerate Digital Transformation: Adopting digital technologies has become vital in the COVID era and many organizations are going digital. Blockchain technology has become the choice of most of these organizations as it provides a holistic transformation of the business and in 2021 we’ll see many organizations taking up the process of digitization through Blockchain technology. 2.     Building Transparent Systems: One of the important aspects of Blockchain-based storage systems is that all the data is accessible to every person and anyone can use it. This will give organizations a more transparent system. Many new-age startups are using these technologies as they want to build a healthy work culture in the organization. These transparent systems prevent any fraudulent activities and give everyone a sense of ownership. 3.     Increase in the private blockchain: Another pattern we'll notice is that individual blockchains will develop to be the essential supporter of the blockchain market extension and should hold the major market size in 2021. Enterprise blockchain choices are produced and tweaked depending on your corporate's business prerequisites. Individual blockchain gives more opportunities to corporates concerning utilizing the blockchain advancements for business-to-business use examples. They give more effectiveness, protection, reliability, and transparency, and while wellbeing is provided to an individual blockchain using private keys that are known uniquely to approved people in the business.4.     supply chains adopt Blockchain: The sector which has seen tremendous growth in terms of blockchain is the company adopting blockchain in the supply chain functioning. The supply chain is very complex in nature and one of the reasons being limited systems to track all the activities and unnecessary paperwork. But, blockchain solves these problems as it provides a system that is effective, time and cost efficent as well as easy to use. 5.     Growth of non-traditional financial institutions: Another pattern we'll see through 2021, and set off by COVID-19, is that the addition in the measure of unconventional monetary organizations. They'll be set off by a rising number of corporates also the additional clients which are moving more into the online blockchain-based style of exchanges and financial administrations. These classes currently have more non-bank decisions gave by foundations which range from non-bank lenders, to cryptographic money set up banks to totally decentralized monetary (DEFI) suppliers choices.From all the above observations we can say that blockchain technology is booming and it has more potential to grow in different sectors. The financial sector has already been effective in using blockchain and in 2021 we’ll see many diverse sectors adopting it. The rise of blockchain technology will only make the global business atmosphere stronger and many small players will be able to compete. 
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4 Feb

Blockchain Community India – The Growth Partnership

This year has been the most disruptive year in the ages. The year 2020 has shown the business world how businesses can use technology to their competitive advantage and how technology has given client 24*7 access to any service. as with the right kind of technology one can do businesses from anywhere in the world. It is an understatement to say that in the coming year more and more businesses will be using advance technology and will scale up faster than the traditional businesses who are still latching to the old ways. Blockchain Community India is an innovative platform which aims to introduce advance tech like Blockchain and Artificial intelligence into traditional businesses and make them more powerful and equipped toward their ever-growing customers' needs. BCI community is growing fast and is already investing in more than 10 different business and it further looking for different projects from varied industries where they can support entrepreneurs in terms of technology and build better interfaces and bring out more opportunities for the business to grow. One of the most important USP of BCI lies in its concept of introducing knowledge of tech people and instincts of business minds to create an ecosystem where traditional businesses can grow using technology and never grow obsolete.How can anyone become part of the community?           Anyone who believes they can contribute to the business the model can become part of the BCI community with completing a few simple steps.BCI offers a lucrative option to the investor to become the part of the board itself, so there are various positions offered by BCI from team leader to president post. As per the position, there is a fixed investment to made and accordingly. So to become part of the BCI board, you need to hold assets in your wallet.The second option is to join Blockchain Community India via the website https://blockchaincommunity.in and apply for Community Partnership.With these simple steps, now you officially become part of the BCI team and you are further entitled to get benefits in 11+ projects lifetime. Another interesting thing about BCI is that all the investors and partners are equally important in the growth of the business as all of them will be given equal opportunity in the decision-making process. The core team will be there to conduct research about the statistics of different projects and they will equip the investors with all the necessary data but the final decision will be made through the democratic process. Why should you invest right now?The year of 2020 and the pandemic has changed the world a lot and the world is growing digitally more than ever. Blockchain and AI are the two upcoming technologies which will be used in almost every business sector be it Health, education, finance etc. In the coming years, the sector will see tremendous growth and then it will become more difficult to invest but BCI is giving an opportunity to invest and be part of that growth to both investors and businesses who want to become part of the revolution.
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30 Nov

Partnership With Blockchain Community India

Blockchain Community India is India’s growing blockchain network which centers around bringing Blockchain and Artificial intelligence technology into the small and local organizations and make them all the more remarkable and furnished with right innovation for the coming years. 2020 has demonstrated how the correct sort of technology can empower us to do our business and work from anyplace on the planet and in the coming year increasingly more technologically empowered organizations will advance in a way that is better than the conventional system and open up a global market for everyone. Consequently BCI alongside it's group of financial specialists are searching for various ventures where they can uphold businesses with the latest innovations and construct better interfaces and bring out more open doors for the business to develop. The USP of BCI lies in utilizing both knowledge of business people and senses of business psyches to make an environment where local organizations can develop utilizing innovation and they don't get out of date.How can anyone become part of the community?Any individual who thinks that they can add to the betterment of the community and is interested in working in the blockchain network can be part of BCI. All you need to do is follow a few steps and you can start your journey of discovering new opportunities in the communities. If you have 25 million INR, you can join Free of Cost Blockchain Community India and as Blockchain Community India will launch its traditional project, you will continue to buy stake in it.If you do not have 25 million and you want to join Blockchain Community India, you can purchase₹ 400000 and above assets and hold it and wait for that assets to be converted to 25 million and when it will, you will buy stake of BCI traditional projects.And if you do not even have ₹ 400000 to buy assets, then you can earn it by affiliate program and that amount you can keep hold in digital assets and convert into 25 million and you will buy stake of BCI traditional projects.So in fact you will contribute no sum to turn into the partner and whatever the organization will procure you will be qualified for the benefit. Another fascinating thing about BCI is that all the partners and accomplices are similarly significant in the development of the business as every one of them will be given an equivalent open door in the decision making process. The core group will be there to direct research about the insights of various ventures and they will furnish the investors with all the vital information however an official conclusion will be made through a fair cycleWhy should you invest right now?The year of 2020 and the pandemic has changed the world in a significant way and the world is reliant on technology like never before. Blockchain and AI are the two technologies which will be utilized in pretty much every business area be it Health, schooling, account and so on In the coming years the area will see colossal development and afterward it will turn out to be more hard to contribute however BCI is offering this opportunity right now to contribute, earn profits and essentially see the revolution of the technology up close and be a member of it. 
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26 Jun

The Benefits Of Applying Blockchain Technology In Any Industry-Blockchaincommunity

Blockchain technology has evolved greatly since the introduction of Bitcoin in 2008, the first decentralized peer-to-peer electronic cash system. Today, innovators in various fields are realizing the benefits of the technology behind Bitcoin. From medicine to finance, many sectors are looking for ways to integrate blockchain into their infrastructures.With its decentralized and trustless nature, Blockchain technology can lead to new opportunities and benefit businesses through greater transparency, enhanced security, and easier traceability. How Blockchain Can Power Up Your BusinessBlockchain solutions are not only limited to the exchange of cryptocurrencies. There are numerous benefits that this technology can present to businesses in many different industries, through its distributed and decentralized nature.1.Greater TransparencyBlockchain’s greatest characteristic stems from the fact that its transaction ledger for public addresses is open to viewing. In financial systems and businesses, this adds an unprecedented layer of accountability, holding each sector of the business responsible to act with integrity towards the company’s growth, its community and customers.2.Increased EfficiencyDue to its decentralized nature, Blockchain removes the need for middlemen in many processes for fields such as payments and real estate. In comparison to traditional financial services, Blockchain facilitates faster transactions by allowing P2P cross-border transfers with a digital currency. Property management processes are made more efficient with a unified system of ownership records, and smart contracts that would automate tenant-landlord agreements.3 Better SecurityBlockchain is far more secure than other record keeping systems because each new transaction is encrypted and linked to the previous transaction. Blockchain, as the name suggests, is formed by a network of computers coming together to confirm a ‘block’, this block is then added to a ledger, which forms a ‘chain’. Blockchain is formed by a complicated string of mathematical numbers and is impossible to be altered once formed. This immutable and incorruptible nature of Blockchain makes it safe from falsified information and hacks. It's decentralized nature also gives it a unique quality of being ‘trustless’ – meaning that parties do not need trust to transact safely. 4 Improved TraceabilityWith the blockchain ledger, each time an exchange of goods is recorded on a Blockchain, an audit trail is present to trace where the goods came from. This can not only help improve security and prevent fraud in exchange-related businesses, but it can also help verify the authenticity of the traded assets. In industries such as medicine, it can be used to track the supply chain from manufacturer to distributer, or in the art industry to provide an irrefutable proof of ownership. 
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17 Jun

What is Blockchain and How Can it be Used in Education?-Blockchaincommunity

What is Blockchain?Blockchain is a newer innovation in computer science, that has world-wide scale and reach, as well as interdisciplinary applications. It is destined to disrupt the global economy in the foreseeable future. The World Economic Forum (2015) estimates that by 2025, at least 10% of the world’s GDP (USD 100 trillion) will be managed via Blockchain technologies, and half of that will be in the form of a cryptocurrency.You may have heard of “bitcoin,” which is the first crypto (code based) currency to become mainstream, and is a good example of what blockchain is capable of.To attempt to simplify the explanation, a “blockchain” is a distributed book of records (or units of value) that can be shared by a community. In this community, each member maintains his or her own copy of the information. The information could be representative of transactions (a currency or other unit), contracts (agreements to move assets, funds, or information), or virtually anything else that can be put into a digital form. Each change or addition of a unit of some kind is a new “block” added to the end of a “chain.”Blockchain is an emerging technology, with countless capabilities to affect every part of our lives, and the way we conduct transactions or keep records. Analysts see the potential for this technology to disrupt traditional methods of transaction, and data collection services, since blockchains are distributed, decentralized, and permanent pieces of information.The possibilities for this technology’s use in the education sector are exciting – however, many stakeholders within education are unaware of the many advantages of blockchain technology.Back to bitcoin – if you can imagine tiny digital pieces of information that belong to someone, accessed through an interface on a server, and only transferred with that person’s sole consent, you can start to think of other applications to this kind of data asset.How can blockchain be used in education?Student records are endless, and with blockchain technology, assets like attendance, courses, payments toward tuition if they attend a private school, grades, coursework, and even their diploma can become part of their personal blockchain record. Since these records cannot be deleted, this helps with data security in that it is immutable. It also belongs to the student, rather than to the school. With blockchain, no participant can tamper with a record after it has been saved. If a record has an error, a new record must be added to correct it, and both the incorrect and correct records will remain visible.Today, many state educational institutions are in the planning process for implementing blockchain-based tools, and if you work with schools, being aware of this will help position you as knowledgeable of this change, and perhaps you can provide solutions to help. Are you in the business of creating open source software? If so, you may be able to help provide the right platform for a school’s first attempt at utilizing blockchain technology. Benefits and beneficiariesThe benefits of blockchain can only be realized through “open implementations” of the technology.Blockchain uses open source software– which is a type of computer software whose source code is released under a license, in which the copyright holder grants users the rights to study, change, and distribute the software to anyone and for any purpose (St. Laurent, 2008).According to the EU Report of Blockchain in Education, “Further development of the technology in the educational field should be considered as a shared competence of the market and of public authorities, to ensure an appropriate balance of private sector innovation coupled with safeguard of the public interest.”Furthermore, the main beneficiaries of the adoption of blockchain-based technologies in education are likely to be networks of educational organizations and learners. Charter Management Organizations that manage many schools within a network, that are already open to trying new ways of educating and informing their students, may be the perfect group to try to implement this tech in the near future.Certificates and Blockchains – a new form of Gamification?The concept of a certificate is nothing new, and in education, the big “certificates” include a student’s diploma or GED. But throughout education, students can earn certificates to provide evidence of an individual’s learning achievements. Those achievements can then be used to determine their readiness to progress to another grade level, and perhaps in career and vocational education programs, can measure their readiness for the workforce.Earning a certificate for other achievements – for learning a specific set of skills for example – also has the potential to be a motivational tool for students in the same vein as gamification. Achievements help with intrinsic motivation. The early literature on blockchain makes frequent references to ‘self-sovereignty’, and the individual’s ability to own and control his or her own identity online, which is also a motivator as students may aim higher if they’re the only owners of their educational record. Overall, there are many applications of this technology, and schools will likely be investigating and implementing these tools in the near future. 
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17 Jun

Enhance your Career with an Online Degree in Blockchain for Business-Blockchaincommunity

Industries like healthcare, trade, finance, banking, energy, travel, real-estate, online advertising, education, etc. have incorporated Blockchain technology into their operational strategy. Blockchain technology is one of the most popular technologies in 2020, with scope to impact the daily lives of different professionals in multiple sectors. So, are you still wondering if you should sign up for an online degree in Blockchain?What is Blockchain Technology?In the most rudimentary way, ‘blockchain’ simply refers to a chain of blocks. Blockchain is nothing but a growing list of records that are known as blocks. These are linked cryptographically. Each block has certain information; the cryptographic hash of the previous block, a timestamp, and all other transactional data. Blockchain is designed in such a way that it has no scope for any type of modification in the data.Features of a BlockchainIt is important to understand the key elements that make blockchain technology an asset to any organization.TransparencyThe feature of openness is essential to any blockchain. For example, transactions on a public blockchain are visible to everyone with the help of a public key or private key, depending on the type of Blockchain. ImmutabilityOnce a piece of information is on the Blockchain, it cannot be edited or altered. This feature of immutability allows the information to remain authentic. All transactions are written upon the previous one; hence the change history is always visible.DecentralizedThere is no single authority that takes charge of the Blockchain. It’s run with the help of multiple nodes aiding in hosting the transactional information. The lack of central authority improves faith in the system.Digital FreedomBlockchain technology allows users true freedom of the digital age because you’re the in-charge of everything. There is no higher authority regulating it; instead, the terms of the contract do. Improved SecurityThe cryptographic algorithms of blockchain technology help in adding multiple layers of security to all the data that is stored. The feature of decentralization acts as added safety, which makes it better than other systems.Why is Blockchain Important for Business?According to a report by the World Trade Organization, the economic add-on value of Blockchain on a global scale will reach up to $3 trillion by 2030. Steadily it’s becoming a part of every industry. Here are a few ways in which it is revolutionizing businesses.Use of Smart ContractsSmart contracts have all the terms of the involved parties written into the code. It exists on a decentralized blockchain ensuring all parties fulfill the agreement. They require no external interference. It can improve business because both parties have to meet their ends of the deal. It eliminates the need to pay intermediaries for any kind of dispute because the contract is self-sufficient. If anyone backs out without notice, your goods or services will be returned to you.Hiring Reliable EmployeesThe most valuable asset of a business is the workforce. Blockchain is really helping in the right hire because it eliminates the use of forged or photoshopped documents. You can easily verify all the mark sheets, degrees, certificates, experience letters, etc. through a digital ledger that cannot be modified, hence provides accurate data. The time, research, and effort that goes into hiring will be reduced because of this. It’ll improve the quality of hires as well.Smoother Payment MethodsBlockchain technology has taken over the banking and finance industry. And there’s a good reason for that. With lesser fees for transactions, along an immutable record of all these transactions makes Blockchain the perfect choice. It can be used to pay salaries and maintain a record of cash flow. Especially in cases where you have outsourced work, it makes payments to employees in remote locations much more manageable.Strengthened Customer BaseIncorporating Blockchain into your business allows reliable identity management for customers. They can take control of the data being shared, improving trustworthiness in the business. Excellent transactional records will enable the customer and the company to see how the business relationship has progressed over time. You can tap on all the spending patterns of the customers to identify the loyal ones and build upon better customer relationship management.Enriching Marketing CampaignsThe marketing behind any business is the driving force. And in the competitive frenzy by different companies, it’s challenging to target customers. But Blockchain can be used by marketers to keep a record of customer information and spending patterns. They can then research this data to design campaigns that will have a higher return on investment. Blockchain will also help you gather data from real people and help to filter out bot-disguised accounts.ConclusionAn online degree in Blockchain for Business will help any business to grow. This degree will give you an overview of blockchain basics, along with the consensus algorithms being used. Moreover, you will understand smart contracts and blockchain architecture better. With reduced costs and greater efficiency, blockchain use-cases allow employees to focus on better business decisions.
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17 Jun

Benefits of Blockchain Technology in the Education System

Education is an integral part of our lives. It is also the foundation to newer technologies. Blockchain Technology is an example of such technology that can benefit the educational ecosystem. With the rise of the internet, educational materials are right on our fingertips: in our phones and computers. As such, two methods of education are such as eLearning (electronic) and mLearning (mobile learning) are gaining traction.A Reuters report suggests the size of the global eLearning market is expected to grow from $176.12 billion in 2017 to reach $398.15 billion by 2026 with a CAGR of 9.5% (source). Emerging mLearning market USD37.60 billion by 2020 (source). Both the growth in global eLearning and mLearning can tell us that the demand for education is increasing. The internet has provided plenty with easy access to educational material in most topics today. Talk about the age of information.Worldwide spending on blockchain solutions is forecast to be nearly $2.9 billion in 2019, an increase of 88.7% from the $1.5 billion spent in 2018. With a five-year compound annual growth rate (CAGR) of 76.0%, IDC expects blockchain spending to grow over the 2018-2022 forecast period and total spending of $12.4 billion in 2022 (source).Why Blockchain Technology? In Education System Blockchain technology will accelerate the end of a paper-based system for certificates. Educational Organisations can issue any kind of certificates such as qualification or records of achievement permanently and securely. Furthermore, a possible automation issuance and storage of the awards, recognition and transfer of credits. Storing and verifying a complete record of formal achievements throughout lifelong learning are also possible with the blockchain.Learners can store their own evidence of formal or informal learning, share it with a desired audience, and ensure instant verification “Lifelong Learning Passport”. Institutions can also begin using Blockchain-based cryptocurrencies to facilitate payments involving grants and other types of funding as well as students paying for their education.Digital smart contracts can securely expedite transactions between parties. As such, Blockchain’s distributed, peer-to-peer model can be a perfect complement to pool their resources for education. Managing and protecting digital intellectual property (IP) is another advantage with blockchain technology. This makes it ideal for researchers looking to create systems for schools, government organizations and companies. Thus, controlling the exposure of important information. Blockchain can allow educators to publish content openly as well as tracking any re-use, without putting limitations on the source material.With Blockchain, the agreements of automatic transfer of credits can be written as smart-contracts. Upon fulfilment of the conditions of the contract, the credits would automatically be transferred. Learning activities could be registered on the Blockchain can become that much more interactive – and reputations built on more tangible matrices.
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10 Jun

The Opportunity for Blockchain Based E-commerce Platform - Blockchaincommunity

Blockchain is set to becoming the de facto technology for facilitating financial transaction around the world. Blockchain, also referred to as an engine of the global economy, is expected to reach 135 billion dollars by 2023. This proves that adopting Blockchain is not only essential but imminent for all business sectors. As Blockchain inches closer to the major sectors of the economy, an increasing number of eCommerce app development businesses are now discussing the probable application of Blockchain for a majority of other domains apart from just finance; for example, E-commerce.The E-commerce sector has transformed the way people across the world shop. Now Blockchain is set to transform the way E-commerce sector operates.The use of Blockchain for E-commerce will aid in establishing a revolutionized economy. While both Blockchain and E-commerce enable transactions, Blockchain makes the transaction even quicker and more secure than ever.What is Blockchain?As defined by Internet Society, “Blockchain technology enables distributed public ledgers that hold immutable data in a secure and encrypted way and ensure that transactions can never be altered.While Bitcoin and other cryptocurrencies are the most popular examples of blockchain usage, this ‘distributed ledger technology’ (DLT) is finding a broad range of uses. Data storage, financial transactions, real estate, asset management, and many more uses are being explored.”Blockchain is a shared ledger that securely stores, acts upon, and shares a digital asset either manually or automatically.It can manage end to end-user experience – from product search and selection to payment and post-sale customer queries, and that’s just an initial part of the user experience journey.Types of E-commerce for Blockchain• Integration with Business Processes – Blockchain can be implemented in many more ways than just for processing online payments. The main reason behind the growth of Distributed Ledger Technology (DLT) is its ability to integrate with new and existing business systems. For an E-commerce retailer, this can facilitate integration between their web store and a plethora of external and internal processes, systems and partners.• Cost-Effectiveness – Blockchain has the power to combine product images and descriptions, online payments, inventory management, with other business processes. This results in reduced system maintenance, the lesser requirement of IT support personnel, and fewer administrative activities to be performed. Blockchain empowers E-commerce businesses to invest more time for the core business operations and less time in managing their E-commerce store.• Ease of Use – Currencies powered by Blockchain are immensely comfortable to use. Unlike traditional currencies, a person need not visit a regulatory authority to register an account for themselves. Blockchain allows you to accomplish the process from within the comfort zone. Moreover, the process is free of cost. You pay nothing to create your account. The virtual currency account comes at zero cost.• Faster Transactions – It takes an enormous amount of time when it comes to transacting traditionally. For instance, transferring money across countries or continents may take up to several days. But Bitcoin-based transfers, on the other hand, are swift. They take only a few minutes to accomplish money transfers. Most essentially, Bitcoin transfers can be processes anytime, from anywhere and almost instantaneously.• Security – DLT facilitates the highest level of security for online databases. Though there have been examples where some vulnerabilities or loopholes in smart contact coding led to fraud, there have been zero verified frauds occurring due to a major Blockchain backbone framework. Even a single data attack can cost an E-commerce retailer millions in revenue, alongside a blow to their market share and reputation. But with Blockchain, they can have a level of security that safeguards that entire data structure and prevents possible data breaches in the future.There are a massive opportunity and benefits of Blockchain technology for E-commerce vendors which is quite evident.If your business is seeking an edge over the competition, it is about time you adopt Blockchain for your retail business. Share your views about the impact of Blockchain on E-commerce using the comments area below.
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29 May

HOW WILL BLOCKCHAIN TRANSFORM THE EDUCATION SYSTEM?

In the past decade, the Internet and digital innovation disrupted the education landscape across the world. The Indian education system has also undergone a sea change. According to a KPMG and Google study, online education in India is likely to be $2 Billion industry by 2021. That’s evident from the exponentially growing Internet and smartphone penetration in the country, which in turn is driving digital content and classrooms, online assessments and cloud-based platforms. Technologies such as artificial intelligence (AI), e-learning tools and virtual reality (VR) are already giving impetus to newer concepts like immersive and experiential learning. This trend of innovation with advanced tools and technologies is expected to continue at a faster pace throughout 2020, believe experts.Some of the trends and practices that are already changing India’s education sector and will do so in the coming months include:Personalized learning through AIIn personalized learning, components like pace of learning, content, instructional approach and other aspects are adjustable according to the needs and learning purpose of each student. AI is able to capture, aggregate, and analyze data from several different sources to build a student learning profile. It can suggest to the instructor how the learning material can be personalized to assist each student.AI, through machine learning and pattern recognition, can look at a student’s educational data and spot trends that escape human eyes. For instance, AI can tell an instructor exactly which modality a student uses to assimilate information, like, reading assignments, listening to a lecture or watching a video. Also, through pattern recognition, AI can spot specific concepts that students fail to grasp and inform the instructor accordingly so that adjustments can be made to the course material..Experiential learning techniquesExperiential learning is being implemented in India in the form of virtual labs, social media platforms, virtual and augmented reality tools, and gamification of learning. This form of learning enables students to be actively involved in defining problems, asking questions, experimenting, analyzing results and constructing meaning.“More educational institutions are looking for an immersive, real-life experience, in order to maximize student motivation and engagement while developing and instilling in them 21st-century skills, such as communication, collaboration, and creativity,” says Beas Dev Ralhan, Co-founder and CEO, Next Education India Pvt. Ltd, who believes the next one year will see a greater thrust on experiential learning solutions empowering students to provide a holistic learning experience.Blockchain – New kid in the blockAcademic fraud and deception make the current learning certification system subject to various challenges. Therefore, establishing a transparent and shared database based on mutual trust is a way to protect colleges and students. Here, blockchain technology can effectively prevent academic and learning fraud, and maintain the safety, so that the certificate is unanimously recognized by universities and employers in different regions.Though a relatively new domain, blockchain technology can cut paper and printing costs by digitally storing student certificates and diplomas, and prevent litigation cost which happens in the manual process due to loss of documents and damage.Professor John Domingue, director of the Center for Knowledge and Media Studies at the Open University of the United Kingdom, believes that blockchain technology will cater to increasingly decentralized learning models and trigger new ways of learning changes. The application of blockchain in education is diversified in areas such as learning certification, continuous professional development (CPD), MOOC, blockchain badges and so on.At present, the most famous blockchain technology teaching platform is Sony Global Education. The platform integrates learning resources and breaks through traditional curriculum design routines to bring people a better education experience.A spotlight on dataThe year 2019 saw some major and promising changes in India’s education sector, starting from the establishment of the National Research Foundation (NRF), which is helping in creating an R&D with greater focus on innovation, to the introduction of New National Education Policy, which is transforming India’s higher education system, the government is already taking steps to strengthen the education sector. However, a series of fundamental structural reforms is needed to be implemented to make these initiatives a success, says, Amol Arora, Vice Chairman and MD, Shemford Group of Futuristic Schools, who predicts the rise of more edtech startups with a focus on data analytics will contribute to the ecosystem in 2020.With a greater focus on the Personal Data Protection Bill, players in edtech and education institutions are advised extra cautions to ensure the safety of the collected data, such as using the latest IT systems, firewalls and malware protection software to keep their confidential data safe.In 2020, many institutions may even appoint a Chief data officer (for the first time) to oversee the development of new data analytics capabilities across the business and manage on-going comprehensive data analytics. The next one year, interactivity will take centre stage. With the advent of EdTech platforms, video-based content, and peer-to-peer learning portals will start taking over traditional, classroom-based learning.
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26 May

How Blockchain Technology is Helping to Fight the Novel COVID-19 Pandemic

As the world battles with the Covid-19 pandemic, and it's consequent economic and social effects: several world governments, agencies, and institutions are joining the fight to help reduce the spread of the virus while assiduously working to create a cure and a vaccine. For each country, the coronavirus pandemic has caused a major state of emergency, the Government’s role in addressing the issue is more visible at this time when compared to private and independent institutions. Blockchain for Tracking Covid and Identifying HotspotsAt a time when data is most crucial to control the COVID-19 pandemic, Blockchain finds its role in addressing inconsistencies and identifying errors or misreporting. Over the years we have seen many privacy advocates fighting for the rights of individual privacy and pointing out how big organizations exploit the personal data of its users for their own benefit. Today, when we deal with a virus that spreads like wildfire, maintaining privacy in case of sharing information about communicable diseases, is of utmost importance With this is mind, we need to understand that Blockchain is an enabler technology that would ensure the enhanced security, improved traceability with its chronological data, greater transparency, and increased efficiency & speed needed for sharing critical information, like that of COVID-19 patients.Blockchain Gets BusyBlockchain technology remains a game-changer in the use of encrypted open-source ledger in the processing of data. In its own right, it came as a disruptive technology that is now gradually being embraced by technology-dependent and futuristic firms worldwide. With the outbreak of the coronavirus disease in late 2019, many blockchain-based firms have launched innovative ways to make a difference in this global medical upset. Few of the application of blockchain technology in the fight against coronavirus is outlined below;Insurance ClaimsThe coronavirus disease creates a major health concern that is enough to create an unbalanced book for medical insurance companies worldwide. With over a million cases all over the world, the impact on Health Management Organizations cannot be underestimated. In China where the outbreak began, Ant Financials online Mutual Aid blockchain-based platform Xiang Hu Bao has introduced a new function to process several coronavirus claims. This function undoubtedly has helped the firm reduce in-person contact as these claims are made online.EducationWith the coronavirus pandemic, there's been a major disruption in education across all levels as the stay at home order looms. Higher educational institutions are resorting to online alternatives to take classes and write exams and Odem is providing free access to its blockchain-powered educational and credentialing platform to higher institutions. While the Odem platform may not be a perfect replacement for the traditional classroom experience, it definitely is helping to bridge the learning gap in these trying times.Donation TrackingThe humanitarian grace of many people was reawakened with the Covid-19 disease outbreak. With donations coming from sports celebrities, business leaders, etc. HyperChain, Hangzhou based blockchain startup has created a donation tracking system that will help donors see where funds are urgently needed. With this ingenuity, HyperChain has raised millions of dollars in coronavirus donations with the promise of transparency and responsibility.AlgorandThe Algorand Foundation launched a health survey website to record public health trends during the novel coronavirus pandemic. With this survey website called iReport-COVID, infected persons can give an account of their experiences anonymously with an assurance that their identities will be protected.
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18 May

Benefits of Blockchain Technology ------ Blockchaincommunity

Benefits of Blockchain TechnologyBlockchain needs no introduction to digital age investors. Not many technologies have succeeded in capturing the imagination and interest of people as has blockchain. Many instantly relate bitcoin to blockchain which has been the most highly identifiable of all digital currencies which succeeded in creating new millionaires in 2017.What are the advantages of blockchain technology for businesses?The basic advantages of Blockchain technology are decentralization, immutability, security, and transparency.1.  The blockchain technology allows for verification without having to be dependent on third-parties.2.  The data structure in a blockchain is append-only. So, the data cannot be altered or deleted.3.  It uses protected cryptography to secure the data ledgers. Also, the current ledger is dependent on its adjacent completed block to complete the cryptography process.4.  All the transactions and data are attached to the block after the process of maximum trust verification. There is a consensus of all the ledger participants on what is to be recorded in the block.5.  The transactions are recorded in chronological order. Thus, all the blocks in the blockchain are time stamped.6.  The ledger is distributed across every single node in the blockchain who are the participants. So, it is distributed.7.  The transactions stored in the blocks are contained in millions of computers participating in the chain. Hence it is decentralized. There is no possibility that the data if lost cannot be recovered.8.  The transactions that take place are transparent. The individuals who are provided authority can view the transaction.9.  The origin of any ledger can be tracked along the chain to its point of origin.10.     Since various consensus protocols are needed to validate the entry, it removes the risk of duplicate entry or fraud.11.     With the smart contracts, the businesses can pre-set conditions on the blockchain. The automatic transactions are triggered only when the conditions are met.Precautions when businesses invest in the blockchain technology:All businesses that are keen to invest in blockchain technology must first perform a strategic evaluation to see if it is truly feasible for their business model. Many companies may not see a return on their investments in the initial years. Any unstructured implementation of the blockchain technology may lead to strategic failures. Thus, it is advised that companies perform granular assessments at the use-case level to determine which application can be induced with blockchain technology. The points where it can be applied has to be identified and its impact has to be assessed with specific use cases. A right strategic approach is what is needed to leverage the maximum benefits of blockchain technology.Industries where blockchain technology can be applied:The blockchain technology can be practically applied to any industry. Agriculture, banking, healthcare, education, e-commerce, property, mining, retail, transport and logistics, media and entertainment, automotive- the list goes on. A thorough understanding of its implementation will yield the areas where it can be applied and in what way.Blockchain architecture for Businesses:The blockchain architecture includes the public and the private options. In the public option, anyone can join and read. The blockchain in the public can be made secure by permitting only authorized participants to write. In a private-based blockchain ownership model, only authorized participants can join and read. Here also, the writing option can again be allotted to only a few. The type of blockchain architecture will depend on the business type and the area where it is to be implemented.
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18 May

What is the Future Scope of Blockchain Technology in India ?

Blockchain technology is the growing invention which includes a chain of blocks. A Blockchain is a distributed or a digital ledger, which is primarily created to record the details of each financial and non-financial transaction. The absolute and permanent data is stored in a distributed database. The entire record is completely transparent which means that anyone who is linking to the network is able to view the transactions. Fundamentally, the Blockchain technology is the combination of three technologies, i.e. private key cryptography, P2P network, and the program. The Blockchain technology has shown its revolution in the field of information registration and distribution which removes the requirement for an intermediary expert to enable the digital relationships.Blockchain technology has provided the most popular product, i.e. Bitcoin which is a type of cryptocurrency and functions as a public ledger for all transactions happening on the network. It has resolved the problem of double spending, unauthorized spending, and thus increasing security. It also helps to remove the need for an intermediary expert. Since there has been a substantial increase in the number of cyber attacks recently, the Blockchain technology help to attract the varied audience.Blockchain technology has a great future worldwide. An incredible scope of Blockchain technology has been observed in the financial field. The financial organizations were not able to sufficiently handle the heavy workload after demonetization and thus brought out the problems of having a centralized specialist for handling the financial transactions. As a result, the RBI is inspiring banks to encourage digitization. They have also released a statement which emphasized the probability of Blockchain to fight faking and the chances of bringing about particular modifications in the working of financial markets, collateral identification and payment system. Incorporating Blockchain with financial transactions gives out amazing benefits, such as a significant amount of time and money could be saved, including a drastic reduction in time needed for processing and validating transactions. The blockchain functions on a distributed database which make the operations smoothly, ensuring tight security, and made it safe from cyber-attacks.After recognizing the benefits of Blockchain Technology, several financial institutions have started spending considerably in this particular field. Blockchain can also help in shortening the flow of black-money and dealing with the extensive money cleaning in the economy because each address used for transactions is stored forever on the databases, making all the transactions provable and responsible. The government is observing Blockchain as a way to explore a range of options which may help to apply a fitter control on the nation’s economy.Blockchain Technology is one of the most consistent technologies when it requires to keep track of financial properties. Blockchain technology has attracted many companies who want to add the distinct features of it to their security structures. Many studies have been carried out for digital currencies and blockchain technology, which represents that both of these technologies will be continuing to disrupt the world.Apart from financial industries, blockchain technology also has a bright future in other sectors. Let us have a look at the future scope of Blockchain technology in different sectors:1. Blockchain in Digital Advertising: Presently, digital advertising faces a lot of challenges like domain fraud, bot traffic, lack of transparency and long payment models, due to the issue like incentives are not affiliated. Because of this the promoters and publishers feel they are dropping the deal. Blockchain has provided a solution to carry transparency to the supply chain as it fetches trust in a trustless environment. Blockchain allows right companies to succeed, by decreasing the number of bad players in the supply chain. Publishers can also gather a vast percentage of the total advertisement dollars arriving the ecosystem. The Blockchain technology is still in its beginning; however, this technology should stay here, and all advertisement companies are observing that how blockchain will help to enhance their business.2. Blockchain in Cyber Security: Though the blockchain is a public ledger, the data is verified and encrypted using innovative cryptography technology. In this manner, the information or data is less likely to be attacked or altered without authorization.3. Blockchain will remove the requirement of the third party: With the help of Blockchain technology, basically, it is possible to impact a varied range of processes and techniques. It eliminates the need of trusted third party in the transactions. Well most prominent organizations in the world exist today to function as a trusted third party, for instance, SWIFT, and the Depository Trust Cleaning Company.Corporate chances flourish for companies that can build applied Blockchain technologies aiming for particular transactions, like the mortgage industry. The existing mortgages needed a complicated web of title searches, title insurance, and uncountable minor transaction fees which are required to keep the system running. These systems occur because traditionally, the transfer of land has been a process which requires a significant amount of belief in the old records. The Blockchain technology was going to address all these concerns, and a particular property’s ledger consists of a verifiable and validated transactions history, lowering the necessity of institutions to provide risk modification and trust services.4. Governments will provide their digital currencies: It is confirmed that the paper money at its last phase, but it is also found that the authorized currency is facing a severe competition by cryptocurrencies. In 2017, it is observed that the price of Bitcoin has flown which was never seen by any single service or money all around the world. The currency is still one of the most appreciated properties available in the market, and the nation took notice, due to the price of Bitcoin is denied by the basic idea of demand and supply. The need for Bitcoin will again climb at some point, with a fixed limit of twenty-one million units of Bitcoin. Because of this, a few governments will get a chance to create their digital currencies to avoid dropping face to an independent and unregulated property and participate in an open market.5. Blockchain beyond the world of computing: In 2017, the world had seen the infinite collection of options in the use of blockchain technology. Currently, most of the countries are developing their blockchain strategies to hold the future. Also, it is highly possible that the rest of the advanced European countries will follow suit by accepting the blockchain technology to create a constant financial environment that helps nations on ruins like Greece and Spain. There are specific problems associated with the security of finances, and Blockchain will be used to address these kinds of issues. Blockchain will also be used to generate registries which are used for medical purposes, to manage insurance policies, and to interrupt the model of useless data storage.6. Managing World trade with the help of Blockchain Technology: Blockchain is valuable to business particularly how it makes easy for anybody to track the supply chain of everything provided using the technology. It will be outdated to track the numbers, and no company wants to lose a shipment because of human inability. Well, it is easy to register a cargo shipments in the Blockchain, this enables the parties involved in the job operation to follow the delivery procedure from point A to B. With the help of Blockchain technology, it is easy for the custom agents to track down the forbidden products like fake medicines, changed food products, false clothes reproduction, fake auto parts, electronic apparatus and other piracy agents which are trying to provide the low-quality goods inside any country without talking about the internal laws.7. Supply chain Management: With the help of blockchain technology, it is possible to document the transaction in an everlasting distributed record, and supervise the transactions more sturdily and transparently. This also helps to minimize human errors and time delays. It is also used monitor costs, employment, and releases at each point of the supply chain. But this has severe effect for understanding and monitoring the actual ecological impacts of products. Not only this the decentralized ledger can also be utilized to check the legitimacy or fair trade status of products by following them form their source.8. The Blockchain in Forecasting: The blockchain technology is set to alter the complete methodology for research, consulting, analysis and forecasting. The global distributed prediction markets are created with the help of online platforms.9. Use of Blockchain in the Internet of Things and Networking: Different companies like Samsung and IBM are utilizing the blockchain technology for a new concept called ADEPT, this will help to create a distributed network of IoT devices. The blockchain technology will remove the requirement for a central location to manage the communication between them; this will function as a public ledger for a massive number of devices. The devices may communicate with each other to upgrade the software, handle the errors and observe energy practice.10. Blockchain in cloud storage: The data on a centralized server is exposed to hacking, loss of data, or human error. With the help of blockchain technology, it is possible to make the cloud storage more protected and robust against hacking.
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2 May

What is Artificial Intelligence? How does Artificial Intelligence work?

Artificial Intelligence is one of the emerging technologies that try to simulate human reasoning in AI systems. Researchers have made significant strides in weak AI systems, while they have only made a marginal mark in strong AI systems.What is Artificial Intelligence?Artificial Intelligence is the ability of a computer program to learn and think.John McCarthy coined the term Artificial Intelligence in the year 1950.He said, ‘Every aspect of learning or any other feature of intelligence can in principle be so precisely described that a machine can be made to simulate it. An attempt will be made to find how to make machines use language, form abstractions, and concepts, solve kinds of problems now reserved for humans, and improve themselves.’How does Artificial Intelligence work?Less than a decade after breaking the Nazi encryption machine Enigma and helping the Allied Forces win World War II, mathematician Alan Turing changed history a second time with a simple question: "Can machines think?" Turing's paper "Computing Machinery and Intelligence" (1950), and it's subsequent Turing Test, established the fundamental goal and vision of artificial intelligence.  At it's core, AI is the branch of computer science that aims to answer Turing's question in the affirmative. It is the endeavor to replicate or simulate human intelligence in machines.The expansive goal of artificial intelligence has given rise to many questions and debates. So much so, that no singular definition of the field is universally accepted. The major limitation in defining AI as simply "building machines that are intelligent" is that it doesn't actually explain what artificial intelligence is? What makes a machine intelligent?In their groundbreaking textbook Artificial Intelligence: A Modern Approach, authors Stuart Russell and Peter Norvig approach the question by unifying their work around the theme of intelligent agents in machines. With this in mind, AI is "the study of agents that receive percepts from the environment and perform actions." (Russel and Norvig viii)The first two ideas concern thought processes and reasoning, while the others deal with behavior. Norvig and Russell focus particularly on rational agents that act to achieve the best outcome, noting "all the skills needed for the Turing Test also allow an agent to act rationally." (Russel and Norvig 4).Patrick Winston, the Ford professor of artificial intelligence and computer science at MIT, defines AI as "algorithms enabled by constraints, exposed by representations that support models targeted at loops that tie thinking, perception and action together."
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23 Apr

How Blockchain Technology is Transforming the Travel Industry - blockchaincommunity

How Blockchain Technology is Transforming the Travel IndustryThe Block chain’s Impact has expanded crossed Banking, healthcare, Automotive, Real estate, and several other areas. Bitcoin was the first action in controlling a decentralized, public record without any direct control or authority, and since before, there have been other compacts related to it that are applied to solve other difficulties, such as those in the global business industry.There is one important innovation that all various types of trading hold in common, and that is transportation. That is because it is the connection between the user and the retailer. This is what would make the customer and assets bought collectively, and it is also the evidence through which the dealer would present the assets. Transportation could even recognize as the backbone of dealing in Business.Industry experts recognized that Blockchain revelation has spread over all the Industries, and shifting the travel Industry into the next level. It helps to improve the effectiveness of travel by dynamically decreasing travel expenses and time. Blockchain technology has the capacity to provide solutions for many problems in the sector. The Blockchain technology can control the temperature for goods such as medicines, and medicines while carrying in transport mode. It helps in the payment process by reducing processing time and removes the third party agents cost.How Can Blockchain Benefit the Travel Industry?In terms of the benefits, Blockchain technology can advance within the travel business, security and confidence rank very deeply. The decentralized energy of the Blockchain indicates that data can never go spam or hack through a wicked cybercrime, securing deals is always identifiable.Travel agents require sending customer data and luggage to travel companies and Hotel management. The entire travel Industry depends and operates on multiple companies. This process can be done with the simple process by Blockchain technology by accessing and collecting the information of customer easily and stored it on the secure manner of the whole interface.Of course, financial activities are an important portion of the travel business too, and Blockchain technology has the potential to not only analyze but also secure returns. This is particularly true when trading with across payments. Because of this, Blockchain has the capacity to increase the level of belief among all individuals.Tracking Luggage and Goods-The luggage’s and goods can be changed on multiple hands while traveling. It can be highly valuable for tracing the movements of goods and luggage’s, particularly at the time of dealings with global tourism Industry. Applying Blockchain, we can track the data of the customer luggage with less time.Customer Loyalty programs-Finally, several travel companies run client reliability systems, in order to boost return practice. Blockchain can also support with these programs, shortening the practice, letting clients’ admission more easily data about their loyalty opinions, and letting marks to be spread. It can also aid to fight fraud in this zone.Secure, Traceable Payment-Secure Payments is a most essential process in the travel industry, where Blockchain applied within it. It helps to maintain secure payments while digital money transactions happen between individuals with an easy and secure way. The travel companies accept digital money Documentation Services-Documentation services are hugely essential for the travel business, and Blockchain could possibly become standard in the travel industry for collecting and storing data for documentation. In this process, the Blockchain has capable to reduce check-in process time and scan exactly by verifying documents.
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22 Apr

How Blockchain Technology Is Making the World Better?

How Blockchain Technology Is Making the World Better? Blockchain technology can help immensely in banks, insurance, health and pharmaceutical industry, supply chain of many sectors (agribusiness, luxury, international trade, distribution, wines, aeronautics, and automobile), music industry, energy, and real estate. Blockchains have the potential to replace most of the centralized "trusted third parties" including banking trades, notaries, land registry, etc. by distributed computer systems.1. Medicines / PharmacyBlockchain technology can be used to improve drug integrity. If drugs can be clearly identified and tracked from production to consumption, it could save up to one million lives each year. Because DHL is already working with Accenture to establish a track-and-trace serialization system based on blockchain technology."At the moment, there are already more than 7 billion unique pharmaceutical serial numbers in the system. In addition, the system can now handle more than 1,500 transactions per second," said Scott Allison, DHL's President, Healthcare.Allison has not only the capacity of the system in mind. For example, track-and-trace serialization should reduce costs, increase security and confidence, and eliminate error-prone data movement. The technology can add additional verified information to the element, which cannot be manipulated. The validation is carried out by all participants.2. Fashion / FashionThe CGS project allows consumers to track the entire lifecycle of a garment. This brings together companies from the fashion, apparel and consumer goods sectors to work together. With this solution, consumers no longer need to rely blindly on the value in sustainability fashion. Blockchain technology allows tracking of sustainability and conformity of the garment3. Cross-border paymentsIn developing and underdeveloped countries, access to capital for small food producers is often a big problem. Binkabi is a cross-border agricultural trading platform that is breaking new ground with the help of a block bridge solution from Sweet bridge. Thus, a system for fair commodity trading is to be developed.A blockchain banking solution has recently been announced by IBM. This is intended to make international payments faster and more cost-effective.4. Food safetyIn the area of food safety, IBM is working with food manufacturers Dole, Nestlé, and Walmart. Thus, the data of breeders, suppliers, processors, traders, retailers not only to all parties involved but also to the supervisory authorities and consumers are available. So every transaction can be traced and all information about the food can be viewed. With all members of the food system having access to the blockchain, contaminated food can be quickly removed from the production and supply chain before it reaches the shelf.The World Wildlife Fund (WWF) "tracks" fish and seafood using blockchain technology. In this project, the technology should help in the fight against illegal fishing. However, full traceability of fish and seafood is also of interest to fish wholesalers and fish retailers, as they want to prevent their products or brands from being associated with illegal activities."CONSUMERS ARE ALSO INCREASINGLY SLANDERING FOR FULLY TRACEABLE FISH AND SEAFOOD THAT ARE NOT FROM ILLEGAL FISHING," says Bubba Cook, WWF's Western Central Pacific Tuna Program Manager.5. Humanitarian CrisesBlockchain technology is not just used by companies. The United Nations currently uses blockchain technology in 16 areas, including:· World Food Program (Refugee Aid)· Office for the Coordination of Humanitarian Affairs (donor financing, safeguarding, and monitoring of supply chains)In addition, it is currently being investigated how blockchain technology can be used to tackle current problems, such as child trafficking, according to Mahrinah von Schlegel, Managing Director of Nonprofit Embassy 2.0.As part of the public-private partnership ID2020, Microsoft and Accenture have announced a partnership. The goal is to give 1.1 billion people a legal form of identity and identification using blockchain technology.6. JewelryIn collaboration with Everledger, the jewelry company Brilliant Earth intends to use blockchain technology to accurately track the origins of diamonds and other gems. This ensures that only conflict-free stones are processed. 
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17 Apr

Blockchain Technology in Banking and Finance - blockchaincommunity

Commercial Banks provide a number of services to their consumers. By creating an account, users can pay bills with a slip of document. In addition, the user can send and receive money from various bank accounts. Today, more users are using mobile internet for banking service, to pay their bills. In addition, Banks providing credit cards and debit cards in the field of shopping to spend without physical money in stores, gas services, and other stores. Nowadays, the banking Industry is offering Modern Services to customers in the financial system to attract more customers. Therefore, at this point of view while entering into the advanced technology implementation in the banking system, many problems created by hackers and spammers, where hacking the accounts and misusing the Banking system.The banking application stringently controlled in all rights, while banking sector agents identified by their conventional methods. But the wide distribution of Blockchain in the modern years, the strong popularity of cryptocurrency growth have provided with the evidence that the control of many banks and financial companies are strongly committed to implementing Blockchain technology. This made a huge demand for Blockchain Development Companies in India. In addition, presented their uniqueness to Banking Industry hold the opportunity for developing an application integrated with Blockchain technology. The Blockchain is the Remedy for Banking Services Banks and Financial Companies can control a number of challenges with the help of Blockchain development. It has various smart features that perform it as engaging as Linux. Blockchain technology presents a high-level security in collecting and sending data, transparency, simple interface support, decentralization and low cost of operations. These impressive characteristics make Blockchain a really capable and in-demand result, even in the exceedingly traditional and controlled bank industry.Most securities and financial systems cannot provide out their business without a character of mediators, while their support secures the services of these companies much more secure and expensive. The implementation of Blockchain will allow Banking to remove additional mediators and to present secure payment services for customers. How Blockchain performs in Financial System?The Blockchain technology is a shared, decentralized ledger that allows Bitcoin, Litecoin, Dogecoin, and other digital currencies to accessible, secret, and protected. The Blockchain is a database of digital money transactions called Bitcoin. Moreover, it also called as a Public ledger, to maintain the records of shared transactions, that contains metadata about the history of transactions taken place. The record is publicly available through APIs and current sites. Blockchain controls a permanent record of activities. This significantly decreases the chance and the necessary for associated mitigating actions for various asset models.
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7 Apr

Blockchain: Providing service to the Hospitality Industry -blockchaincommunity

Hospitality, in simple terms, is providing services by a host to a guest. Hospitality generates from a Latin word ‘hospes’ stating a relationship between a host and a guest. Similarly, the hospitality industry includes service industries like lodgings, hotels, food, events, and the like.Hospitality Industry around the world is worth more than 10 trillion dollars. In which, global hotel market amounts up to an 850-million-dollar revenue-generating Industry. This industry is expected to grow up to a trillion dollars in 2020.According to the World Tourism Organization (WTO), international tourists’ arrival is expected to grow up to 1,340 million dollars by the end of 2019.The industry is rapidly burgeoning. With this expansion, come challenges and impediments. But, kudos to the new advancements of the technological world that we have Blockchain!Blockchain is a remedy for all. Blockchain has been proved efficient in sectors like finance, manufacturing, logistics, healthcare, education, and many more. Similarly, Blockchain is an asset to the hospitality industry.Let’s see how Blockchain can be serviceable to the Hospitality Industry.Blockchain’s useful response towards HospitalityHassle-free InformationOne of the most important elements of the Hospitality Industry is the description and presentation of its information. Hospitality Industry has a huge database. For example, a hotel would have a list of its room’s listings, and their services, types, and availability. HTNG’s research on Blockchain’s use in Hospitality Industry says, “The end result is the original owner of the inventory potentially paying commissions or fees to multiple third parties for a single reservation. If availability and rate information was available in a public data source such as a blockchain, suppliers would be able to quickly and easily update information.” Easy paymentsPayments to the hospitality industry are generally made either through cash, or credit card/debit card. If Blockchain’s property of distributed ledger-keeping be applied in the industry than payments and transactions can be done through various digital assets. This will not only enhance transparency but also make transactions regulated and flexible. HTNG says, “Smart Contracts are a way to include terms of a contract with payment. This has several potential applications across the travel industry, for example, the smart contract might be set up to release funds to a hotel according to a deposit schedule and/or a cancellation policy, or it may send them only upon check-in or completion of a stay.Identity checkThe hospitality sector can have the “digital identification” of the guests with the help of Blockchain. All the guests’ information like passport details, driving license details, address, contact number, address proof, and the like can be stored securely in a blockchain network, thus only authorized personnel will be able to access the hotel facilities. As the details will be secured in blockchain, information sharing will become easy and efficient.Blockchain enhances security; organizations can efficiently manage data from loyalty programs. This can help in creating a personal identity map and also help in better marketing and services.Dispute-free coordination with smart contractsOne of the exciting applications of blockchain is ‘smart contract.’ Smart contracts are also self- executing contracts in which when the terms and conditions of the two parties are met, the transaction is executed. This application self-generates a contract between two parties with matching requirements. This establishes perfect coordination between the travel agency and the hotel authority. All the transactions made between these two parties are thereby stored in the Blockchain, making transactions dispute-free.Further on, Blockchain can potentially introduce Hotel Digital Key technology. With this innovation, the check-in process can be relaxing. The introduction of kiosk with the infusion of Blockchain can generate a hassle-free smart key application. This can un/lock room doors with the help of smartphones. Loyalty pointsLoyalty management of customers is a vital element for the Hospitality sector. With the help of Blockchain, loyalty points can become Digital Assets that can be accrued by the customer on consuming services from the provider. This value then can be redeemed with the entities associated with that Blockchain. This gives the flexibility to the customer to utilize their loyalty points at maximum value.Hospitality startups bringing blockchain in a pictureWinding tree“Winding Tree is an open source and non-profit project. We follow the idea that only open collaborations not for money but for innovations can make real fundamental changes in the world. We welcome open-source developers to our community on github where our source code is open for contribution and forking.”Winding Tree makes use of ERC827 protocol and smart contracts to bring better deals for travelers, by providing them with a single platform for air ticket booking, hotel booking, and travel guides. It is an open-source blockchain-based platform that is bringing innovation to the travel industry. The platform allows users and hotel or travel providers to connect directly and manage inventory, reservation requests, and receive payments without the need for an intermediary.Cool cousin“With the Cool Cousin app, you’re just two taps away from getting personalized recommendations from a local you can trust. Cool Cousin is the best possible way to rep your town. As a Cousin, you get to shout out to beloved local businesses that will be thankful for the traffic, connect with international city explorers like yourself and take part in our thriving global community.”Cool Cousin, a decentralized travel agency, connects travelers and locals for tour guidance. The blockchain-based ecosystem incentivizes local guides to monetize their local knowledge to offer a more accountable and authentic tour opportunity for the application’s users. With their native token “CUZ”, the community of travelers and locals to participate in a completely decentralized and secure manner without the involvement of an intermediary. 
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26 Mar

HOW TO WORK BLOCKCHAIN COMMUNITY INDIA

In blockchain community India we select 1000 partners who have business-oriented mindset and are foresighted with great vision. These partners promote these 11+ traditional businesses by having full control over their funds. These partners fulfill our requirement of manpower and funds. These partners will keep their funds with them only; their funds will operate for them. They can invest and reinvest their profits in different projects by keeping their principal amount safe. If all the thousand members promote the project, then it will definitely be a success. It is also a brand new modal of data privacy for the new generation. BCI is using Blockchain & AI technology in the healthcare sector, education sector, banking and finance sector, utility and e-commerce sector, hospitality sector, the information technology sector, supply chain sector, in online payments popularly known as payment gateway
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26 Mar

WHY JOIN BLOCKCHAIN COMMUNITY INDIA

Blockchain community India is the start-up of a new generation, which is about to start 11 traditional businesses, but our style of dispensing services and starting a business is distinctive. Previously, if anyone wants to start a business, he has to start with a private limited company and has to run it for at least 5 successive years prosperously and then, when the company gets established completely, it expands its business by raising funds from the market by launching IPO i.e. is an initial public offering, through which the private organization can go public through selling its stock to the general public. Here IPO shareholders may face both profit or loss if the company gains profits then it is also distributed among shareholders, in case of losses shareholders to have to bear the loss, that means the probability is 50:50, but the way about which we were discussing above is different and exclusive, here we select 1000 people having a business-oriented mindset, who are foresighted and have great vision with them. As we know that a business does not attain victory in just 3-4 years, it is hard work and the austerity of years, so what Blockchain community do is, it first of all prepares 1000 partners and these partners assist in promoting their 11 traditional businesses, which clearly states that we have sufficient manpower and funds with these partners, now the thing is that their money is with them only, this is the first decentralized open-source community of India, where you don't have to give money to anyone, you have to keep your money with you only. One can take the partnership between Rs. 2 lakhs to Rs. 40 lakhs, but you have to keep Rs. 2 lakh with you only. Now blockchain community do investment field recruitment of people because it is one of those fields, where your funds will operate for you, irrespective of whatever you are doing, for example, if I say that, you buy a digital share of Rs. 2 lakhs from the market and keep it with you and after some time it will be converted to Rs. 3 lakhs and you will gain profit from it and if we invest that profit in traditional business, that means that the risk is zero, as we are already having our principal amount with us, in addition to it, we have to use only the profit in those 11 traditional businesses which we have earned, so even if our business is progressing gradually and we are getting slow returns on it, we are totally secure as we have invested only our profits earned and not the principal amount. So by this unique way as our investment amount rises, we can invest our profits in different kind of traditional businesses and can start making our income from there.           We can observe a flourishing business from the Blockchain community for around the coming 200 years. It comprises and related to the healthcare business, hospitals, education, banking, and finance, utility and e-commerce, also related to online payments popularly known as payment gateway, it is now very popular and it will be universally demanded by all the markets in no time. Basically, the motive of the community is to select 1000 partners to promote those 11 traditional businesses and where you have to keep your funds with yourself instead of giving it to anybody and as the value of your digital asset rises you start investing it in different traditional businesses, so the blockchain community India assist you in starting your business with assured profits, where there is no possibility of risk. It means that all the partners have full control over their funds, as the profit increases they start investing it in different projects. It is to be noticed that if all the thousand members promote the project, then it will definitely be a success, as we have all the manpower with funds, so we can raise the funds and earn profits and again by investing those profits in different projects, we can start different projects
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26 Mar

ABOUT BLOCKCHAIN COMMUNITY INDIA

Blockchain community India (BCI) is the extensive and significant concept of 21st century. It is the first Decentralised, Open Source & Borderless community of India. Blockchain community India is a start-up of the new generation, with 11+ traditional businesses, who assured to dispense their services distinctively and with unique motives. All these 11+ projects are under advance blockchain technology and AI technology. AI i.e. Artificial Intelligence is a system through which computer systems are developed in such a way that the human mind is not required.Advanced technology Blockchain and AI have a vital capability and potential for India. One can own 11+ traditional projects or become partners to it without investing a rupee. It delivers exceptional security, trust, mechanization, and efficiency to any kind of transaction and facilitates to modernize our business chain.Gradually, it is becoming popular and will be universally demanded by all the markets in no time. Even the government sector is also seeing a bright and prosperous future of these advanced technologies, so why the private sector will lack behind?
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24 Dec

FUTURE OF BLOCKCHAIN AND AI TECHNOLOGY?

Future of Blockchain and AI technologyBoth this powerful technology is going to shape our future. Blockchain is the decentralized, distributed, public ledger. It is the record-keeping technology. AI is the technology that makes a machine or program more intelligent and capable of doing works that otherwise, only humans can do.What future holds for blockchain technology?This technology has been in the news with its positive and negative speculations regarding its future. Multiple digital currency projects are already dead. The expert says that’s just the initial phase of boom and bust, and this powerful technology is soon going to find its place into the economy.·     Blockchain provides decentralized and widespread distributed data models. This technology is promising to make a world where data will be increasingly distributed. The critical data will be distributed among geographical areas and cloud data centers.·     DLT- based government systems are already developing fast. Dubai is working towards making all its government systems to follow DLT technology by the year 2020. It indicates DLT technology growth shortly.·     The future shows the collaboration and standardization of different blockchains. Now various businesses are developing their blockchains, but for getting the maximum out of the technology, they must collaborate in an open standard. Future of AI technologyLike computers and the internet changed our lives like never before. AI promises to change almost all aspects of our daily life. ·     The US Transportation Department is already making regulations to support AI-driven vehicles. Such cars will not require any driver and are considered to be safe. ·     They have developed three levels of self - driving vehicles. Right now, we are at the lowest level, which is Google’s version of the vehicle. This level requires a human driver to drive the car.·     The work is being done to achieve self-driving planes, taxis, trucks, and buses.·     AI and Robotics technology will create robots with intelligence. This two technology will also bring some revolutionary changes in the medical field, especially in helping disabled people. Cybernetic limbs could be almost as useful and efficient as the natural limbs as these limbs will be able to communicate with the brain.·     We have seen fully functional robots with human capabilities in some of the sci-fi movies. The robust robotic and AI technology can make this possible into the real world. However, such advancements in technology will take time. 
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24 Dec

WHAT IS BLOCKCHAIN TECHNOLOGY?

What is Blockchain technology? Blockchain means a chain of blocks. Here, a block is digital information that is stored in a public database called the chain.The blocks on the Blockchain contain all the information of the transactions, which include a dollar amount, date, and time. It also has information about who is participating in the trade, which means it stores data of the seller and buyer. The names stored are not the actual names, but the digital signatures like a username. The storage capacity of a single block is 1 MB of data.Blockchain is a chain of multiple blocks connected in a network. How Does Blockchain technology work? Whenever a transaction happens in the Blockchain, the deal gets verified. The network of computers confirms the details of the purchase that is the participants, dollar amount, and time. Once the transaction is verified as accurate, all these transaction-related information gets stored in a block. Then, the neighborhood gets connected to hundreds or thousands of blocks.The block gets the hash of the most recent block added to the chain, and then it gets added to the Blockchain.When the new block gets added to the Blockchain, it becomes publicly available, and anyone can view this new block. If you see Blockchain, you can see the transaction data, which includes the time that is when the transaction happened, where (the height), and who added the block to the Blockchain. What is so special about blockchain technology? Blockchain is a democratized system. The network has no central authority. The network is peer to peer, and the blockchain ledger is distributed. There is no central server or primary storage. Anyone and everyone in the system can see the information. Blockchain technology is transparent for everyone, and every involved person in the network is accountable for their actions.There is no transaction cost involved in such a network. Due to this special feature, technology has industry-disrupting capabilities. Blockchain can replace all business models and processes that depend on charging any transaction fee.Blockchains can revolutionize the financial world. This technology can change how the stock exchanges work, the insurances contracted, and loans are bundled.  Why is the blockchain technology promising? The technology provides incredible security, which is almost impossible to break. The information travels in a very secure manner with no transaction cost involved. If one wants to change a piece of original data, they need to hack the entire chain, which is virtually impossible. 
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24 Dec

HOW IS AI TECHNOLOGY REVOLUTION & HOW IT USEFUL?

Artificial intelligence (AI)Artificial intelligence is developing at a very high speed, and the technology has already started becoming a part of our reality. AI is a technology that makes a machine or a computer program to think like humans.This technology is the most promising technological development in recent times. It is all set to shape our future more intelligently. This technology will make it possible for a machine or a program to do things that require human intelligence like problem-solving and learning.Machine learning (ML) is a part of AI. This language enables the machines to learn from examples. Deep learning (DL) is a part of Machine Learning that mimics the human brain behavior. Machines use DL to train themselves to perform tasks like humans.How is AI technology revolutionary?AI technology is making machines smarter, and now computers are increasingly doing more such tasks that could otherwise be done by humans only due to their human intelligence.Many people think that AI is specially developed to replace human skills and their daily work. However, the reality is that AI technology is being developed to make our lifestyles better by increasing productivity and making things faster and smarter.Things are developing at a higher speed, and we are ready to enter an era where man and machine will collaborate like never before, and this will make our lives more comfortable and smarter.Several countries have announced their national AI strategies to get the most out of this revolutionary technology.AI technology’s concepts Machine Learning (ML) is the most common application and a subfield of AI. A computer system that has machine language programming is fed data. The computer system uses these data to understand the patterns to make decisions or predictions. Machine learning is the most in-demand IT skills of today’s time.Deep Learning (DL) is another concept of AI. It is more powerful and requires much more computing power. This language aims to make machines think like humans. It is more potent than ML and involves a lot of data but provides more accuracy.There are mainly three types of algorithms – Supervised learnings, Unsupervised learnings, and Reinforcement learning. These algorithms can accurately find out if the prediction is accurate or not. For example, if you provide an algorithm, thousands of videos and images of cats and dogs. The algorithm will learn about both the animals using the pictures and videos and will use this learning to predict whether a new image or video fed into the system is of a cat or dog.
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14 Dec

HOW BLOCKCHAIN & AI USE IN HOSPITALITY INDUSTRY?

One of the greatest technologies that were invented recently is Blockchain. Through the power of blockchain, many businesses have found better ways to make a transaction and store and utilize any kind of information in particular. For the hospitality industry, blockchain technology has been proved no less than a wonder.  For the people who don’t have much knowledge about blockchain, it is a technology in which records are maintained digitally, permanently, and anonymously. Cryptography or high-security encryption is applied to the records (blocks) and saved. In the blockchain, data can not be changed or edited. That means, no modifications allowed.  One can not simply modify, alter, or manipulate the information stored in blockchain because it is a decentralized system. That means, one instance of data is stored in a number of places. It is not hidden, it’s transparent. And any changes to the record are shared over a network. It improves security and makes the data less prone to failure. In the hotel industry, security is always a top concern. While the security of data is absolutely ensured in blockchain, it becomes an essential technology for the hospitality industry. Hotels can accept digital currencies for transaction process without worrying about security.  Another use of blockchain in the hospitality industry is Identity verification. Hotels are the places where strangers appear the most. For the security of its assets and other passengers, it becomes utterly important to identify a visitor’s details flawlessly. With the blockchain, the identification process through fingerprint or bar code becomes easy. AI for the Hospitality IndustryIn the hospitality industry delivering a visitor, in-person customer service holds a shining significance. During the past few years, we have witnessed that AI-powered robots and other intelligent machines are being developed on a large scale that possesses abilities to interact with humans.  Another application of artificial intelligence we have seen in the hospitality industry is using messaging platforms that are powered by semi or fully-automated, human interaction software called chat-bots. These bots are specifically designed to understand the queries of a customer and provide an appropriate response.  Without any doubts, it is utterly tough to completely understand the smalls and bigs of the blockchain technology in the first instance. At the start, it may seem fearful, but as you begin to get more and more familiar to it, the grasping of basics and the different ways to use it for hospitality and other industry will become easier for you.
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14 Dec

HOW BLOCKCHAIN & AI USE IN INFORMATION TECHNOLOGY?

In the last decade, Artificial Intelligence was a word for Hollywood sci-fi movies. It was shown that AI is nothing but a technology that will bring the entire human race to extinction. However, we have seen that AI is truly helping most of the sectors of a variety of industry and nothing sort of its missuses have been seen or witnessed.  For the IT industry, Artificial Intelligence always showed a positive and appreciative impact. In fact, none other industry has ever been benefited by AI as much as the IT industry did. The transmission of data, software, security, and communication, the impact of AI in IT were not less than a miracle, a blessing in disguise.  Artificial intelligence and its application in terms of enhancing the security of the IT system are marvelous. Data security is always a crucial aspect regardless of the type of Industry. IT, including other sectors, store huge piles o data. Some of which is a highly sensitive customer or patient’s data. AI can use advanced algorithms and find out data theft attempts.  Improving the productivity of any system is still one of the top applications of Artificial Intelligence. With the help of AI, software or mobile app developers can write better code in less time. They can identify bugs and recursion of coding lines much faster after integrating an AI assistant in their systems. Automation is another benefit the Artificial Intelligence does provide that we can’t ignore. The more automation we apply to a system the more it becomes able to work without any human intervention. Processes that appears on a recurring basis, could be automated to save time and efforts. Overall, it enhances the productivity of an office. Blockchain too has spread its wings across the IT industry in the past few years. Earlier the model of the IT industry was very simple and prone to breaches. It was centralized and contained a simple server/client paradigm. Since the Blockchain is a distributed ledger technology, it helped the IT industry secure its data by providing a decentralized, transparent, and bug-free models.  It also allows two systems or two connection points to send messages with high security. To do that, blockchain technology recognizes simple messaging the same as money transactions and that’s how they become safer. Both the communication points have to be agreed to leverage this feature. Hence, no financial broker is needed.  Both artificial intelligence and blockchain have helped web designers and software engineer, learn, protect, and apply more, and do some highly complex tasks which used to be considered tough earlier. With the help of blockchain and AI, a developer can automate much of their work and improve the security of data and productivity of their work.
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14 Dec

HOW BLOCKCHAIN & AI USE IN MANUFACTURING?

A variety of sectors are now getting transformed thanks to the blockchain technology. Be it retail, manufacturing, information technology, fishing, or healthcare, almost all industries are getting benefited from the Blockchain technology. On the other hand, Artificial Intelligence too have garnered the world’s attention by automating a lot of complex tasks.  It appears that the manufacturing industry is one of the most potential industries for applying and incorporating blockchain. You can even divide manufacturing in smaller processes and all those processes or chucks will show the potential to be enhanced by Blockchain. Procurement, supply chain, inbound and outbound processes, the technology can transform them completely.  It is well known that the supply chain is the foundation of every manufacturing business. And the efficiency of the supply chain can easily be enhanced with the power of blockchain. It will not only become cheaper but also of more advanced tracking features as well. With the intervention of this technology, the product quality will suddenly improve in the manufacturing industry.  The blockchain contains several fronts that we can connect with the manufacturing industry and see how each front will benefit it. Data and information’s timely delivery is a core part of manufacturing. Blockchain’s immutability helps industries keep the data as it is. Because it is impossible to alter any info once it is in the DLT. Tracing, transparency, and decentralization of data are also the unique benefits the manufacturing industry may get from the blockchain technology. Data distributed over a blockchain network comes with great security, transparency, and traceability. In the blockchain, data is saved in multiple locations in the form of blocks to eliminate the risk of modifications.  Like all its applications, Artificial Intelligence is making its way through the manufacturing industry as well. Many artificial intelligence-based CAD tools have been developed to design new parts. These tools have capabilities to perform finite element analysis. Engineers simply input the geometries, costs, and materials and AI will generate the optimal design.  Moving forward, the manufacturing sector can create accurate models by employing artificial intelligence-powered CAD tools. After providing the system theoretical and real-world data, the software can even build digital twins. That way, engineers can view parts or the whole system digitally, without creating them in real life.  Without any doubt, the blockchain technology can be a game-changer for the supply chain system. It can refine the system and improve it by providing more data security, better data management, and transparency. Artificial Intelligence is also a good add on here which can automate a number of redundant tasks.
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14 Dec

HOW BLOCKCHAIN & AI USE IN LAW?

Almost all the sectors whether it’s manufacturing, supply chains, logistics, or law, are trying to find new ways to incorporate artificial intelligence to replace repetitive tasks with automation. While AI has been with many industries for quite a while now, it is still new in law. However, we have seen tremendous applications of it which can benefits clients and lawyers equally.  Though the rumors such as AI will steal the work of legal, paralegals, and litigators will always be there, artificial intelligence is actually making their work easier and more smoothing. In this post, I will shed light on how Artificial Intelligence is helping legal professionals in streamlining their tasks and about its other applications in the legal ground as well.  Lawyers are employing Artificial Intelligence to perform various kinds of research and due diligence. It is helping them to save their time by avoiding complete and thorough analytics by offering smart insights and shortcuts. Also, many tedious tasks such as long recurring writing sections and other processes can be automated with AI.  Due diligence in the world of law is a process to gather background information about a person or a case. Artificial Intelligence can help legal professionals in performing legal research, contract review, and background checks in a snap of fingers. Later, the AI can predict certain things which include but are not limited to the results of a case.  Graphical analysis of certain aspects of the cases held in the past such as the history of a judge’s decisions, win & loss rates, public favor, and toughness can be handy for lawyers. And it is easily possible through artificial intelligence once the feeding data is ready. Automation of documents by using templates can further reduce the manual work of lawyers.  Blockchain is a universal distribution of data within a specified area. The records maintained in the blockchain stay secure and untouched for as long as they should be thanks to its decentralized approach combined with extreme transparency. Law firms can use blockchain to record events without worrying about security.  Today many law firms are not getting enough queries from corporate clients while the competition is increasing day by day. Blockchain can even help them in the same through smart contracts. Smart contracts are nothing but protocols, rules, terms, and conditions, and other agreements that can be automated.  Every disruptive technology has its pros and cons. It depends on the person that what he is more interested to see. Many lawyers won’t be happy about the intervention of technology in their conventional work process while there will be quite a few that will welcome advanced technologies such as Artificial Intelligence and blockchain with warm smiles.
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13 Dec

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