Knowledge in Blockchain
BLOCK CHAIN TECHNOLOGY
Immutably storing the digital representation of entities (e.g. Bitcoin) as their state changes via transactions Cryptocurrencies/Store of value - What is my account balance? Digital Identity - Who are you and how have you changed over time? Digital representation of a vehicle/Tokenization – Who owned this car over time? Tracking provenance of food or drugs – What country & postal code did this chicken come from Blockchains are not good for: Executing AI Algorithms Executing Complex planning and scheduling algorithms Real-Time Control
anvesh amilisetty
How to integrate blockchain technology into your business?
We all know that Bitcoin and blockchain technology have dramatically changed the way we store and transmit information. Today, more and more companies, including small ones, are integrating this technology to improve and automate business processes. Blockchain offers a unique approach to storing commercial data, enhancing its security and reliability. However, you need to do everything right for the technology to bring the desired results.PrioritizeThe first thing you should do is answer the question: Why do you need a blockchain? Formulate the objectives and establish a business model.Assess all the possible risksAfter you integrate blockchain, your company's business processes will change dramatically. Therefore, assess in advance all possible changes that may arise.Research your competitorsGather more information about your direct competitors who have already integrated blockchain. Did this decision bring them the desired result? Analyze all the data and make the right conclusion.Contact a specialist with a good reputationToday a lot of companies and solutions can help to integrate blockchain in ready-made business projects. Just hire a team of trusted professionals.Conduct smart contracts auditBefore starting the system, invite smart contract auditors. Let specialists study blockchain and smart contracts. They will provide valuable advice.
Dmitry Mishunin