5 Ways Blockchain will transform the life of a common man

All the media is ablaze with the news of the price of cryptocurrency, you can imagine how it affects a common man. Blockchain technology is at the heart of cryptocurrency and other digital currencies.

There are various industrial and administrative problems that technology can solve for the common man. Do you own a small business but often feel that there is a lack of transparency due to the traditional method of communication? Have you ever finished more than the usual medical bill? As a business owner, is finding a legitimate candidate a hassle for you? These problems affect entrepreneurs, startups, small businesses, individuals, and blockchain technology seeks to provide solutions to simplify the lives of ordinary people through simplified solutions.

Banking

Banking in almost all countries is still very much focused on paper-intensive transactions for any money transfer, record keeping or other back-end function. Blockchain technology can replicate this in a digital format and create a decentralized laser that allows not only bankers but also customers to access a single source of information. This system allows banks to eliminate the possibility of fraud because documentation and proof of asset ownership can be digitally checked by bankers in a blockchain ledger that can be accessed at any time in an unalterable format.

Identity theft is also a big problem in the banking sector, citizens’ information is stolen and used to open fraudulent accounts for illegal activities. According to the Federal Trade Commission’s online database of complaints, more than 13 million complaints of card fraud and identity theft have been filed, of which 3 million complaints were filed in 2016 alone. Through a blockchain system, customers can view all accounts owned directly in their name and immediately notify their respective banks if they see any suspicious activity in their banking details. Some well-known examples include the IBM-supported hyperlaser fabric project and the UBS Utility Settlement Coin.

Healthcare

Blockchain technology can simplify healthcare in an incredible way and make medical data management even easier. Making patient records more accessible can make research on drug development much more convenient and it also reduces the effects of counterfeit drugs. Clinical trials and their results can be made available in a decentralized network, allowing healthcare professionals and researchers to conduct research and find better healthcare solutions. Accenture is one of the largest companies to launch innovative healthcare solutions for the medical care sector for secure and fraud-free transactions.

Medicare fraud can also be reduced through blockchain billing management because the billing system can be fully automated without the possibility of fraudulent activity by an intermediary. With more than 56 million people under Medicare as of 2017, $ 1.3 billion has been snatched from the government through fraudulent activities through rehabilitation facilities and home health care services. The blockchain system can effectively protect citizens who seek medical help from healthcare providers who charge extra for services provided through fraudulent billing practices. Centralized data not only helps medical professionals to provide treatment based on the patient and his or her family history but also eliminates the possibility of misdiagnosis of the patient’s past symptoms or disorders.

Public records

One of the most important tasks of a government is to record all information about its citizens. It includes information about individuals and businesses, their assets and activities. Most of the recorded information is recorded in paper databases, which makes data management extremely difficult even in developed countries.

Blockchain-based systems such as Ubitiquity can encode all public records in digital lasers so that citizens’ information cannot be altered for fraudulent activity. Identity theft is a problem that can be very difficult for the administration to deal with and digitizing all public information to temper-proof it can help prevent such incidents of criminal activity.

Vote

The biggest limitation of the voting system in almost every country is that even today, voters have to be physically present at the polling station to cast their vote and things can be difficult for people who have to travel on polling days. More importantly, there is no way for ordinary citizens to verify the results of a vote.

Blockchain development companies like FlowMyVote are coming up with solutions that want to make online voting a reality. This will allow citizens to view publicly accurate information on the location and results of the vote and various other statistics. This leads to safer voting for the citizens of countries with internal or external conflicts and avoids the criminal activity of forcing citizens to vote for certain candidates.

Business Recruitment

Businesses of all sizes have a hard time finding the right staff. Through blockchain technology, it is possible to verify the credentials of all applicants through digital databases for businesses. Blockchain technology can be applied to create a decentralized database of professionals with a secure laser-verified qualification that can be referenced for hiring business candidates. Learning Machine is a New York-based company that seeks to solve this problem by focusing on recording verifiable information on employees.

Tax or job-related fraud accounts for 34% of all identity theft as of 2016, and a blockchain system makes the hiring process more secure for any business because a company will only have access to legitimate candidates, reducing the risk of hiring fraudulent employees. . It speeds up the recruitment process for applicants and helps them find qualified jobs and has a hassle-free application process.

The use of blockchain technology helps individuals and businesses alike and protects personal information while making important data publicly visible. While blockchain has the best applications in cryptocurrency, its use can spread to other sectors and provide meaningful solutions to citizens around the world.

Hyperlaser in Blockchain World. What sets it apart from other solutions?

Surely, everyone has heard the words Ethereum and Bitcoin. Being part of the blockchain world, they have attracted worldwide attention through extensive media coverage. In general, blockchain technology has gained business interest due to its decentralized, unchanging and transparent nature. Hyperlaser is one of the other notable projects that has emerged in recent years.

What is a hyperlaser?

HyperLaser is an open source project on blockchain and related tools hosted by the Linux Foundation. It was created in 2015 and aims to advance cross-industry blockchain technology. HyperLaser does not support cryptocurrency and does not represent cryptocurrency networks or traditional blockchain systems.

So what is hyperlaser for? The project seeks to make it easier for developers, and enterprises work on adopting blockchain. It provides the necessary standards and infrastructure for the development and implementation of blockchain solutions in various industries.

Hyperledger’s structure in depth

The HyperLaser project can be imagined as the foundation with open source development tools and a house with library and modular framework under the roof.

One of the most widely used digital lasers is called hyperlaser fabric. It is an approved blockchain infrastructure that serves as the basis for creating apps or solutions with modular architecture.

Hyperlaser Besu is an Ethereum client designed for corporate and public use of authorized networks. The next framework is HyperLaser Burroughs smart agreement and it represents a complete single-binary blockchain distribution that supports EVM and WASM.

Hyperlaser Indie can operate autonomously or even interact with other blockchains. Indie was created specifically for a decentralized identity. Iroha is a hyperlaser easy to use modular distributed platform. The framework includes a role-based permission model and multi-signature support. Iroha is designed for digital asset management systems and is used to manage identity and serialized data. As part of the hyperlaser system, there is no cryptocurrency.

Digital Laser Hyperledger Sawtooth offers a modular architecture where you can specify business rules for applications without knowing the underlying design of the smart contract system. Sawtooth uses the Python programming language, and it simplifies the installation and maintenance of the ultimate software.

Hyperlaser application compared to other corporate solutions

Let’s take a look at the differences between conventional web portals and blockchain-based solutions. The former lacks speed, security, and traceability, while the blockchain offers high speeds of transactions and improved security provided by smart contracts and encryption. In the case of Hyperledger dApp in particular, they differ in their ability to handle complex business processes in a matter of hours.

When it comes to unauthorized blockchain solutions and approved hyperlaser apps, there are several major differences. Unauthorized blockchain solutions refer to zero control, allow anonymous cryptographic identification, and typically represent the public system in a shared laser. Fake tracking is code-based and it is impossible to change transactions.

Hyperlaser applications are both public and private systems where workflow is overseen by regulators. The participants in the HyperLaser app are real and identifiable, and the identity of the transaction is also trackable.

All in all, the hyperlaser guarantees tamper-proof data exchange and the cryptographic validity of the terms and conditions of the contract. Enriched with a toolkit platform and framework that can be chosen according to the characteristics of the business. Ultimately, solution implementation will help consolidate databases, increase performance and scalability, reduce the risk of fraud, protect sensitive data, and streamline ROI.

Hyperledger is ready for adoption

HyperLaser has already entered multiple fields, such as supply chain management, retail, healthcare, fintech, IoT, banking and manufacturing. Companies using the technology include Walmart, Amazon, Nestle, Visa, Marsk, Postal Savings Bank of China and others.

To start your enterprise innovation by adopting hyperlaser you need to choose a suitable hyperlaser development company that will design a custom solution to address your business challenges.

Which cryptocurrency is better to invest in?

The price of Bitcoin has risen this year, surpassing even one gold-ounce. There are also new cryptocurrencies on the market, which is even more amazing which brings the value of cryptocurrencies up to one hundred billion. On the other hand, the long-term cryptocurrency-outlook is somewhat unclear. There is a conflict of interest among its main developers which makes it less attractive as a long-term investment and financing system.

Bitcoin

Still the most popular, Bitcoin is the cryptocurrency that started. It currently has the largest market cap of about 41 41 billion and has been around for the past 8 years. Throughout the world, Bitcoin has been widely used, and so far it has not been easy to exploit the weaknesses in the way it works. As both a payment system and a saved price, Bitcoin enables users to easily accept and send Bitcoin. The idea of ​​blockchain is the basis of bitcoin. To understand what cryptocurrencies are, one needs to understand the concept of blockchain.

Simply put, a blockchain is a database distribution that stores each network transaction as a piece of data called a “block”. Every user has a blockchain copy so when Alice sends 1 bitcoin to Mark, everyone on the network knows it.

Litecoin

An alternative to Bitcoin, Lightcoin seeks to solve many of the problems that plague Bitcoin. It is not as resilient as Ethereum, the value of which is largely derived from the acceptance of hard users. It is worth noting that Charlie Lee, former Googler led Litecoin. He is practicing transparency in what he is doing with Litecoin and is quite active on Twitter.

Litecoin has been Bitcoin’s second flute for some time but things began to change in early 2017. First, Litecoin was adopted by Coinbase along with Ethereum and Bitcoin. Later, Bitcoin fixed the Bitcoin problem by adopting the technology of Segregated Witness. This has given it the ability to lower transaction fees and make more. The reason for the decision, however, was when Charlie Lee decided to focus solely on Litecoin and even left Coinbase, where he was the only engineering director for Litecoin. For this reason, the price of Litecoin has risen in the last few months and its strongest factor is that it can be a real alternative to Bitcoin.

Etherium

Vitalik Buterin, the superstar programmer, thought about Ethereum, which Bitcoin could do. Its purpose, however, is primarily to be a platform for creating decentralized applications. Blockchains are the difference between the two. Basically, Bitcoin’s blockchain records the type of an agreement that specifies whether funds have been transferred from one digital address to another. However, Etherium has significant extensions because it has a more advanced language script and offers more complex, broader applications.

Projects begin to sprout over Etherium as developers begin to notice its better qualities. Through the Token Crowd Sale, some have even raised millions of dollars and this is still an ongoing trend. You can create amazing things on the Ethereum platform that makes it almost like the internet. As a result, the price has skyrocketed, so if you bought Ethereum for শ 100 earlier this year, it wouldn’t be worth about $ 3000.

Mind you

Monero aims to solve anonymous transaction problems. Even if the coin is considered a form of money laundering, Monero aims to change it. Basically, the difference between Monero and Bitcoin is that Bitcoin has a transparent blockchain where every transaction is public and recorded. With Bitcoin, anyone can see how and where the money has been moved. However, Bitcoin has some incomplete identity secrets. In contrast, Monroe has an opaque rather than a transparent transaction method. No one is sold this way but since some people prefer privacy for any purpose, Monero to stay here.

Zcash

Unlike Monero, Zcash’s goal is to solve bitcoin problems. The difference is that instead of being completely transparent, Monero is only partially universal in its blockchain style. Zcash also aims to solve the problem of anonymous transactions. After all, not everyone likes to see how much money Star Wars actually spent on souvenirs. Thus, the conclusion is that this type of cryptocurrency really has an audience and demand, although it is difficult to point out that any cryptocurrency that focuses on privacy will eventually come to the fore.

Banker

Also known as “smart tokens”, bankers are the new generation value of cryptocurrency that can hold multiple tokens in reserve. Basically, bankers try to make it easier to trade, manage and create tokens by increasing their liquidity levels and keeping their automatic market value. At the moment, there is a product in front of the banker which includes a wallet and a smart token. There are also community features such as statistics, profiles and discussions. In short, the banker’s protocol enables the discovery of a built-in value for liquidity for smart contract tokens through a process of innovative reserves. With Smart Contract, you can instantly purchase any token in the banker’s reserve. With Banker, you can easily create new cryptocurrencies. Who wouldn’t want that now?

EOS

Ethereum’s other competitor promises to solve Ethereum’s scaling problem by providing a set of more powerful tools for running and creating apps on the EOS platform.

Tejos

An alternative to Ethereum, Tezos can be upgraded without much effort with consent. This new blockchain is decentralized in the sense that it is self-governing through the establishment of a digital true Commonwealth. It simplifies the mathematical technique called formal verification and has the security-enhancing features of the most financially weighted, sensitive smart contract. A great investment in the months ahead.

Judgment

It is incredibly difficult to predict which bitcoin will become the next superstar on the list. However, user acceptance is always a key to success when it comes to cryptocurrency. Both Ethereum and Bitcoin have it, and even though there is a lot of support from the initial recipients of each cryptocurrency on the list, some have yet to prove their worth. However, these are investments that need to be looked at in the coming months

How "Crypto" Currency Works – An Overview of Bitcoin, Etherium and Ripple

“Crypto” – or “crypto currency” – is a type of software system that allows users to transact transactions over the Internet. The most important feature of the system is their Decentralized Nature – usually provided by Blockchain Database system.

Blockchain and “cryptocurrency” have recently become a major component of global zeitgeist; Bitcoin’s “price” is usually skyrocketing. This has led to millions of people participating in the market, with many “bitcoin exchanges” increasing demand amid massive infrastructural pressures.

The most important thing to realize about “crypto” is that while it actually serves one purpose (cross-border transactions via the Internet), it does not provide any other financial benefits. In other words, its “intrinsic value” is strongly limited in its ability to transact with other people; Not for price saving / promotion (which most people see).

The most important thing you need to understand is that “bitcoin” and the like Payment network – Not “currency”. It will cover more deeply in a second; The most important thing to realize is that “getting rich” with BTC is not about giving people a better economic position – it’s just about being able to buy “coins” at a lower price and sell them more.

To this end, when looking at “crypto”, you must first understand how it actually works and where its “value” actually lies …

Decentralized Payment Network …

As mentioned, the main thing to remember about “crypto” is that it is primarily a Decentralized payment network. Think of Visa / MasterCard without a central processing system.

This is important because it highlights the real reason why people are starting to see the “Bitcoin” offer more deeply; It gives you the ability to send / receive money from anyone around the world, as long as they have your Bitcoin wallet address.

The reason it is a “value” feature for various “currencies” is due to the misconception that “bitcoin” will give you the ability to make money as a “crypto” asset. It’s not.

The Only The way people are making money with Bitcoin has been due to “growth” – buying “coins” at a lower price, and selling at a much higher price. While this has worked well for many people, it was actually based on the “bigger fool theory” – basically saying that if you manage to “sell” the coins, it’s closer to the “bigger fool” than you.

This means that if you want to get involved with the “crypto” space today, you are basically looking to buy any “coins” (even “alt” coins) that are cheap (or cheap) until the price goes up until you sell them later. Since none of the “currencies” are supported by real-world resources, there is no way to predict when / if / how they will work.

Future growth

For all intents and purposes, “Bitcoin” is an expended force.

The epic rally of December 2017 hints at mass adoption, and although its price will probably continue to rise in the $ 20,000 + range, buying a coin today would be a huge gamble that would happen.

Smart Money is already seeing a lot of “alt” coins (etherium / ripple, etc.) that are relatively inexpensive, but prices are constantly rising and accepting. The key to looking at the modern “crypto” space is how the various “platform” systems are actually being used.

Such rapid “technology” space; Ethereum and Ripple look like the next “Bitcoin” – focusing on how they enable users to use “decentralized applications” (DApps) over their underlying networks to gain functionality.

This means that if you look at the next level of “crypto” growth, it will almost certainly come from a variety of platforms that you can identify there.

Unchainet – Different platforms for developing DApp

Internet cloud services as an industry are expected to exceed $ 500 billion by 2020 and are now poised for major disruptions. Millions of computers are not used without an infrastructure that can support access to this computational power. Unchainet is creating a transparent, Decentralized As well as affordable Unique Secure Cloud Platform, Which will usher in a new era Cloud cost optimization Powered by Blockchain Technology. Built-in technology (Kubernetes, Dockers) allows consumers to easily switch from other platforms with minimal cost and effort, including containerized applications. UnChanet will provide multiple services such as modular decentralized applications (dApps) by activating a decentralized blockchain platform.

The UNCHAINET team has many years of relevant industry experience that provides them with the knowledge to build infrastructure and provide partnerships for rapid deployment. Using existing familiar infrastructure means that existing cloud users do not have to learn new technologies to use the Unchainet network. The built-in blockchain technology adds a missing layer of security that is missing from the current cloud platform offerings. Protecting your data from data miners is one of the most important and fundamental tasks of the Unchainet platform, with big data like the gold of the 21st century. Unchainet’s cloud console MVP was launched in Q2 2018 and the team is rapidly moving towards Mainnet deployment.

The platform’s dApp ecosystem will provide new opportunities for the next generation Decentralized app. Why would a developer consider creating their application Unchainet PaaS / IaaS platform? Lower Blockchain The technology is used in a proposal A heterogeneous network of server grade computing resources. The Quality of service (QoS) The chain serves network nodes to grade the quality of service which allows a choice for developers and clients. This choice allows workloads to run on the required quality of service and does not force developers and clients to provide only one level of service for all. This choice differs from the existing homogeneous cloud platform and allows for it Costs reduced by a 90% On the current IaaS / PaaS platform.,

UNET provides the chain Efficiency, transparency and security Between providers and clients for fast peer-to-peer agreements. The speed of existing blockchain transactions is too slow for efficient transaction processing. The UNET chain is expected to offer 10,000 transactions per second to start and increase speed and efficiency with high quality nodes. This will allow computing resources to be transacted quickly and efficiently using UNET tokens. As the demand for resources on the Unchainet platform increases, so will the demand for UNET tokens directly affecting UNET standards.