Blockchain technology — a term that both familiar and both confusing.
So, today we collect the knowledge in town and make it simple-fun for you guys to read through from definition, applications, casestudy, service providers to basic learning cources.
Let’s have a quick look about blockchain technology with usss!
- What Is Blockchain?
Simply put, blockchain is a shared, immutable ledger that lets you record the history of transactions. By establishing trust, accountability and transparency, it transforms the way we carry out transactions and can be adapted to virtually any contract, deed or payment. Blockchain can be used across businesses, industries and even the world.
2. Blockchain’s Application Across Industries
Bitcoin and Cryptos is just one of the applications of blockchain. It can be applied to almost any business and industry.
Let’s list down somes:
- Banking and financial: Blockchain can replace outdated processes with cases of fraud and crime to promote collaboration, transparency, efficiency and shared trust.
- Healthcare: Healthcare professionals can use a blockchain to send patient data from one place to another easily, and empower patients to take ownership of their own medical history data securely.
- Media and entertainment: In the wake of a digital revolution, a blockchain can improve how users and professionals create, share and consume digital contents from music, movies and television to use cases like advertising, loyalty points and more.
Swiss bank UBS and UK-based Barclays are both experimenting with blockchain as a way to expedite back office functions and settlement, which some in the banking industry say could cut up to $20B in middleman costs.
4. Big service providers
After IBM and Hyperledger make their first moves, you can see other service providers. The potential growth of blockchain through the TOP 3 of leading Blockchain as a Service providers.
a. Microsoft — In 2017, they launched Enterprise Smart Contracts, which provides users with the schema, logic, counterparties, external sources, ledger, and contract binding for building their own blockchain services.
b. R3 — They have offered a distributed financial ledger called Corda. Corda is a specialized ledger for financial institutions to process financial transactions. The consortium started in 2015 with financial institutions like Barclays, Credit Suisse, Goldman Sachs, J.P. Morgan, and Royal Bank of Scotland, and has grown to more than 70 partners, including Bank of America and Wells Fargo.
c. Deloitte — Consulting giant Deloitte has a solution for businesses called Rubix Core. Rubix Core’s customized blockchain architecture is designed for building a private network customized to an industry or organization. Rubix Core offers a full stack Ethereum-compliant enterprise infrastructure that make it easy to rapidly build smart contract apps.
5. Blockchain courses
Yay, we now love this technology! But, where to learn? You can check out the below online courses.
☕For Nontechnical Beginners
1. (FREE) Guides 101
- From Coindesk: bit.ly/coindesk101
- From Huobi: bit.ly/Huobi101
2. Blockchain Technology by Udemy bit.ly/UdemyBC
3. (FREE) Bitcoin: What is it? by Khanacademybit.ly/KhanBC
4. (FREE) Blockchain at Berkeleyhttp://bit.ly/BerkeleyBc
- Disclaimer- the above content do not and shall not be considered as a professional advice.
Sources: CB Insights, IBM, Datamation
Curation by YellowBlocks
Established in 2018, YellowBlocks is the first emerging tech ecosystem connector and consulting firm for Vietnam and the world. We have more than 100 partners and 80 advisors globally, with an extended reach of 100,000+ audience in the tech/ startup space.