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Blockchain

Blockchain

What happens when you fuse AI & Blockchain

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First, there was AI and then came Blockchain, so what’s next? – the amalgamation of these two brilliant technologies to create something more revolutionary. The time has come for businesses big and small to progress with an open mind, to try out all the new ideas and the new trends that technology is bringing. There is a thin line between developing FOMO (fear of missing out) and being thirsty to learn more and try new stuff. AI and Blockchain are both such powerful technologies and this is why the killer combination of both would result in some great results. Blockchain needs efficient data extraction which AI can perform and AI needs extensive data which Blockchain can supply. Undoubtedly they can both impact each other and together impact the businesses.  Leave it to the Machines! Block...

Fidelity’s Proof of Work: Our Bitcoin and Blockchain Journey

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This article is authored by Hadley Stern, SVP and Managing Director at Fidelity Labs. He is responsible for Fidelity’s blockchain and digital asset incubator.  For nearly four years, I have been deeply involved in our exploration of Bitcoin and blockchain technology at Fidelity Investments. Our interest began in 2014, and has grown into a dedicated team that is researching and experimenting across different parts of our business. Our journey is an exciting one. It has been difficult at times for me, but I have grown through the people I’ve met and the discoveries we have uncovered along the way. It can be daunting for me or any member of our team to take on a new challenge that is uniquely complex, specifically in an area that remains largely misunderstood. We used a three-step approach th...

Blockchain Powered Smart Contracts: Ethereum vs Hyperledger

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In a “Smart Contract”, the terms of the agreement between two contracting parties or entities are directly written into lines of software code using a programming language like C or Solidity [1].Such a Contract is generally  executable meaning that the adjudication process is automated based on the terms embodied in the software code and the enforcement is controlled and carried out by the software code itself. A Smart Contract typically runs on a private or public Blockchain Platform. Examples of such platforms are Hyperledger [2] and Ethereum [3]. Hyperledger[4] is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration, hosted by The Linux Foundation, including leaders in finance, banking, Internet of Things, supply cha...

Nasscom Blockchain SIG’s Blockchain Tech Bootcamp- Post event Roundup

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Nasscom Blockchain SIG’s Blockchain Tech Bootcamp had over 150 participants in attendance. The event began with a welcome address by Mr. Gulati of Hartron who briefed everyone about Hartron and the Innovation Campus it hosts within the campus in association with Nasscom and Nasscom’s 10K Startups program. Rajesh Dhuddu, Nasscom Blockchain SIG Chair presented the evolution of Blockchain covering Cypherpunk and Crytoanarchy movement, contribution by Tim C May and Wei Dai through his Bmoney protocol. He explained how Satoshi Nakamoto assembled all these along with Adam Back’s Proof of Work concept and proposed Bitcoin and underlying protocol in his whitepaper. Rajesh also covered SHA 256 algorithm, hashes, blocks, nonce and merkle tree.   This was followed by practical demo session by Jaffer ...

Blockchain Powered Digital Contract: Executable Vs. Non-executable

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In a “Digital Contract”, the terms of the agreement between two contracting parties or entities is directly written into lines of software code using a programming language like C or Solidity [1]. A digital contract can be executable or non-executable.  The non-executable contract is nothing more than a software version of a contract written in a spoken language like English.  The advantage is that it can be verified using a simulator and “what if” scenarios can be investigated.  The enforcement of a non-executable digital contract needs to be done manually, as is the case currently with contracts written in spoken language.  However, the advantage is that a digital contract is easy to write, edit and verify using a simulator and lends itself to playing “what if” scenarios either before th...

Crypto Regulations

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What do you think is needed for accelerating the process of bringing Govt Regulations for establishing a strong Blockchain economy & participate actively in Cryptocurrency or ICO investing & trading?

Bitcoin – A Look at The Digital Currency. Are You Missing Out On Something?

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I’m sure you haven’t been living under a rock, thus without deliberating intensely about the what, why and how of Bitcoins, I’m going to delve straight into what I intend to put forth here. By not being part of the Bitcoin bandwagon, are you missing out on anything? As a financial advisor and venture capitalist myself, all I can say is that without being backed by tangible assets, Bitcoin is fraught with risks and the delusion of cryptocurrencies is, in the long run, where does the real value come from? The very basis of market value in the long term is that it needs to have some sort of utility. But, then again, despite being so volatile, surprisingly, investors in Bitcoin are increasing by the day. Agreed, a huge plus to using Bitcoins is their low transfer fee, much lower than what you ...

Blockchain Powered Collaboration and Integration Platform

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DomaniSystems, Inc. has developed its Decentralized Collaboration and Integration Platform (DCP) to which can be used for collaboration in developing complex software functions when the development team members are organizationally and physically dispersed.   The platform allows users to create, verify, collaborate on and negotiate digital contracts. In a digital contract, the terms of the agreement between two contracting parties is directly written into lines of software codes using a programming language like C or Solidity. A digital contract is less ambiguous compared to a text based contract written using a standard software package like Microsoft Word.   The DCP platform can be accessed using a Software as a Service (SaaS) model, which is a subscription based business model.   The co...

Snapchat Investor forsees a rise in Bitcoin

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Bitcoin has been the top-performing currency in the world in six of the past seven years, climbing from zero to a value of about $1,190. But the cryptocurrency isn’t anywhere close to its potential, according to Jeremy Liew, the first investor in Snapchat , and Blockchain CEO and cofounder Peter Smith. In a presentation sent to Business Insider, the duo laid out their case for why it’s reasonable for bitcoin to explode to $500,000 by 2030. Their argument is based on increased interest in bitcoin, thanks to: Bitcoin-based remittancesRemittance transfers, or electronic money transfers to foreign countries, have almost doubled over the past 15 years to 0.76% of GDP, data from The World Bank shows. Expats sending money home have found in Bitcoin an inexpensive alternative, and we a...

NASSCOM Community Virtual Roundtable: Blockchain

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  Welcome to the first Virtual Roundtable. This series will bring together five subject matter experts from five different verticals to talk about an advanced technology. The series will focus on use cases, applications and case studies in emerging technologies. The experts on this panel are in conversation with , Lead, NASSCOM Community. Kunal Nandwani is the co-founder and CEO of uTrade Solutions, an India-based fintech startup. He is a Consultant with the Ministry of Finance, Government of India. Currently, based out of India, Kunal previously worked with investment banks in London and started off his career with Lehman Brothers.   Rajesh Dhuddu has over 20 years’ experience in payments, fintech, telecom and BPM. Currently, he is the SVP at Quatrro Processing Services and Chai...