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Blockchain

Blockchain

Blockchain Business models & use cases in India

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If you want to go fast, go alone. If you want to go far, go together. ~African Proverb Just like HTTP is the foundation for sharing data (Text, Voice & Video) on the world wide web, Blockchain can be the foundation for sharing value. It is a ledger system to track transactions and transfer value. If you look at the technology it really is a group of individuals/nodes who are trusting each other to build common infrastructure and capabilities. Its a community with common goals, bound by common rules where participants devote time, resources, and capital to the network, making it more valuable. It can be a community of banks, hospitals, enterprises, manufactures or even taxi drivers who can utilize the common infrastructure which enables them to remove the third party platform providers ...

Nasscom, BlockSmiths & Quatrro collaborate to form Blockchain SIG

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1. Blockchain for Fintech: From economising cross-border payments and remittances to facilitating the development of seamless collaborations between various financial institutions such as banks, insurance companies, and financial regulators, Blockchain is a game-changer for fintech industry. 2. Blockchain for the Internet of Things (IoT): Since IoT’s functionality is dependent on precise coordination between devices, IoT needs a system which can ensure this while maintaining the security of data exchange. Blockchain also provides the required governance system for connected IoT devices involved in trade or commerce. 3. Smart Contracts and its Applications: A Smart Contract is a piece of code which executes itself when certain conditions are met. Organisations could utilize this featu...

How blockchaining Aadhaar can help

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We have to think of innovative applications of the tech so that it scales up. On the other hand, we have to look at current problems and see which existing technologies can solve them. I am not sure if everyone will agree that blockchain is the best solution for security issues with Aadhaar. Anyone who does not agree with this article which states the following? If Aadhaar was built on a blockchain platform, most of the concerns could be assuaged as the database would be immensely difficult to hack

Leveraging Blockchain beyond Finance

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Well Bitcoin is the villain of season. An unprecedented ransom ware called “Wannacry” has stuck 150 countries and 230,000 computers. and counting. Any guesses for the channel in which they have asked the money? Well if you have not locked yourself in an island, it is the dreaded #Bitcoins. As I had mentioned in my previous post, Dark Side of Bitcoin- Part 1, the strength of this crypto currency (de-centralization), the anonymity, the lack of agencies through which transactions pass though, the loose regulations. all these are in fact, one of its weakness. Since these are the best tools for hackers. The loot of this ransom ware is $69 Million+ in Bitcoins. And here in comes Blockchain, the alter ego of Bitcoin. It stands for making every transaction permanent and crystal clear. For this rea...

India’s First Blockchain SIG

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Participants: NASSCOM, BlockSmiths, Quatrro, Fidelity, Nokia, Globallogic, NIIT Technologies, JK Technosoft, Deloitte, HSC, Genpact, Axis Bank, Nagarro INDIA’s FIRST BLOCKCHAIN Special Interest Group – Minutes Of Meeting The meeting of SIG on Blockchain was chaired by Rajesh Dhuddu- SVP – Quatrro and Co-Chaired By Harmeet Singh Monga – Chief Business Officer – BlockSmiths. We would also like to thank Harmeet Singh Monga for hosting the session. SIG Blockchain formed with three core Groups and one group being a general category comprising of members from all three core groups: Group Members FintechRajesh Dhuddu- Quatrro Sameer Garg- Axis BankAsheesh Bahal- NagarroSudeepta Veerapaneni – DeloitteKamaljit Singh- Fidelity International Smart ContractsMeetu / Puneet...

Beginner’s guide to Chatbots – a driver for Digital Transformation

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We are living in a century where technology dominates lifestyle;Digital Transformation with Big Data, IoT, Artificial Intelligence(AI) are such examples. Over the past six months, Chatbots have dominated much of the tech conversation, the next big gold rush in the field of online marketing. Chatbots are built to mimic human interaction, making them seem like an actual individual existing digitally. It could live in any major chat product (Facebook Messenger, Slack, Telegram, Text Messages, etc.), powered by basic rules engine or NLP and AI. Chatbots have helped in conversation commerce in real time such as booking a cab or ordering a bouquet of flowers or pizza. Consumers will benefit from chatbots through personalization, and this is where social media plays a big part. Here are a couple ...

Blockchain – The technology likely to have the greatest impact on the world of business

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The technology likely to have the greatest impact on the world of business has arrived. Not artificial intelligence, big data, cloud computing or self-driving cars, but rather blockchain, the technology behind digital currencies such as bitcoin. Blockchain technology represents nothing less than the second generation of the Internet and will spark a series of profound changes to virtually every corporation and institution in the world, from banks to insurers, manufacturers and retailers, even governments. Because the first generation of the Internet was built for moving and storing information, not value, it has done little to change how we do business or access financial services. When you send someone information, like an email, you’re really sending a copy, not the original. When it com...

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