Blockchain: A New Architecture for Digital Content

We are living in a time of great change.

As we stand on the threshold of the next wave of the digital revolution with the emergence of the Internet of Things (IoT), this digital content vulnerability could become more than problematic unless we transform the basic architecture for how we build IT systems. This is where a new technology, blockchain, could make a big difference.

Blockchain is a distributed ledger system that uses a network consensus to record and execute transactions. It’s best known as the platform for the web currency LAXMICOIN, which is currently revolutionizing the financial services industry…

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I think maximum of us are aware about blockchain. But most of us are confused also. We still have many confusions about blockchain. Being a blockchain developer I would like to discuss some points about “what blockchain is not?”

1. Blockchain is not a Bitcoin

Many of us have confusion till now that Bitcoin is a blockchain. But I would like to clear` that bitcoin is not a blockchain. Bitcoin is just a cryptocurrency, a form of digital currency. It is a decentralized digital currency without a single central bank or single administrator.Bitcoin …

We all are aware of frauds that has been faced by the banks in recent years. Let’s talk about Punjab National Bank scam, In feb 2018 PNB of India detected a fraud of RS 11,400 crore. After investigation we came to know that it was unauthorized transaction scam done by Nirav Modi. Such kind of scams can be avoided by using Blockchain Technology.

So, now the question is how blockchain is helpful in such type of cases?

How blockchains are fruitful for banks?

Banking and technology are very closely associated and innovations have changed banking drastically over the period of…

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The first thing to know about blockchain smart contract is that they are not any physical contract(i.e it is not written on paper).

So, now you would think what basically it is?

Once you go through this post you will easily understand about smart contracts.

History of smart contracts

The principle of “smart contract” was created in 1996 by American cryptographer and computer scientist Nick Szabo. Nick Szabo is an important figure in the history of blockchains as the inventor of Bit Gold. Nick Szabo back in 1996 itself introduced ‘Smart Contracts’, long before the appearance of blockchain technology. …

Nearly everyone has heard of Blockchain and it is cool. But not everybody understands how it works. This post shows that Blockchain certainly isn’t completely magical.

The blockchain is an undeniably ingenious invention — the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto. But since then, it has evolved into something greater, and the main question every single person is asking is:

What is Blockchain?

So, now don’t panic about it. We are here to clear your doubts about blockchain.

A blockchain is a growing list of records called blocks. Each block carries a…

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