Blog 1 Column

20
Jun

What is Machine Learning?

Machine learning is considered to be an application of AI that helps in providing systems with the ability to learn automatically and improve based on the experience without any explicit programming. It focuses on the development of computer programs that access data and use it for their purposes. The process...
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19
Jun

What is the future of Blockchain?

a.Government Crypto: It is predicted that governments across the globe will accept some form of virtual currency. b.Blockchain identity for all: By 2030, blockchain-based, self-sovereign identity standard will be followed for all individuals and assets (physical or virtual) across the world. c.World trade on Blockchain: The predictions say by 2030,...
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19
Jun

What are the applications of Blockchain?

Blockchain has its applications in different industries as follows: a.Financial Services: Blockchain technology is reshaping the financial service landscape using the mechanism of digital cash transactions. Decentralized financial services are as a vast improvement over a centralized banking system. b.Healthcare: Blockchain technology has opened the doors for optimized business and...
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19
Jun

What are the benefits of Blockchain?

Blockchain offers several benefits. Let us have a look at them. a.Efficiency: The transactions are performed only between the relevant parties with no intermediary and with entirely digitized information. This enables efficient transactions with no interference. b.Auditability: Every transaction is recorded sequentially and indefinitely offering indelible audit trail for the...
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19
Jun

Which are the popular programming languages used in Blockchain?

Blockchain is touted to be the new internet and has caught the eye of tech enthusiasts across the world. There is no specific language to be learnt to create an application for Blockchain. The most popular languages used for Blockchain are C++, JavaScript, Python, Go and C#. However, it entirely...
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19
Jun

Why should companies use Blockchain?

Increased digital processing, rapid growth in cybercrimes and rise of bitcoin and cryptocurrency are the three reasons why Blockchain is increasingly becoming popular.  Let us see why companies need to use Blockchain. a.Shield against cybercrime: Blockchain offers secure, shared and distributed database for transactions. This makes it difficult for hackers...
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19
Jun

What are the different types of Blockchain?

Primarily there are three different types of Blockchains as follows. a.Public Blockchain: Open source blockchains are popularly termed as public blockchains. The transactions on public blockchains are fully transparent, which means anyone can examine the transaction details. They are completely decentralized. b.Private Blockchain: Private Blockchains are also termed as “permissioned...
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19
Jun

How Blockchain technology secures data?

Blockchain technology enables more secure online data transmission, eliminating middlemen and singular control. Let us see how Blockchain secures the data: a.Blockchain is decentralized: Since Blockchain is entirely decentralized, there is no single source controlling it. The data is not stored in a single storage location like cloud servers; Blockchain...
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19
Jun

What are smart contracts?

A smart contract is also termed as cryptocontract. Similar to the traditional contracts in the real world, Smart contracts are the agreements in the digital form. It is a piece of code, which runs over Blockchain and is executed when a pre-programmed condition is triggered. These contracts make businesses more...
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