Category: Blockchain

Distributed Ledger Technology (DLT) is an umbrella term used to describe technologies which distribute records or information among all those using it, either privately or publicly. Below are some primary characteristic of DLT.
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What is blockchain?
The blockchain is a distributed ledger that offers transparency decentralization and data integrity.

Continue reading “101 Blockchain Cheat Sheet, Jargon, Glossary and Terminology”

What is a Security Token?

Security Token is a token that is subjected to regulations and securities. In simple terms, these tokens on blockchain will get their value from external and tradable sources. That’s why this will always have federal regulations making ir a safer choice.
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Once the Blockchain Project is Setup, Here are the 5 Most Likely Problems Encountered.

What’s The Vision of Blockchain POC? This is an Essential Step in implementing Blockchain Technology in your Organization.

Banking, Financial Services and Fintech

• Ripple is an enterprise level blockchain solution that empowers both users and banks. The blockchain ledger that Ripple uses has been latched onto by a group of Japanese banks, who will be using it for quick mobile payments.
• Barclays bank will improve the whole banking experience for customers and other entities.
• Abra is a mobile cryptocurrency app that lets users store, invest and buy cryptocurrency.
• Both IBM and AIG has completed a pilot program where they can build a multi-national policy using smart contract.
• A smart contract based blockchain is being used by Insurer American International Group Inc. (AIG) as a means of saving costs and increasing transparency.
• Digital Currency Group are helping Amazon Web Services examine ways in which the distributed ledger technology can help improve database security.
• Streamline payments processing with high efficiency, fast and secure transactions.
• Empower global transactions, tearing down national currency borders.
• Minimize auditing complexity for any financial ledger.
• Credit History: Make credit reports more accurate, transparent, and accessible.
  Continue reading “Example of Real World Blockchain Use Cases”

Step 1: Identify Underlying Issues and Set Goals

• Take a closer look at a business and identify an issue that can leverage blockchain capabilities.
• Identify all use cases your blockchain can leverage
• Come up with new use cases that might make the technology more useful.
• Finalize the list and set up the goals that blockchain technology must achieve upon implementation.

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The Cisco blockchain framework details the necessary elements for a simple, secure, scalable enterprise-grade blockchain that is based on Cisco’s proprietary technology. Cisco blockchain framework is composed of the following reference groups: Platform, Interfaces, Infrastructure and network and Security and analytics.

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