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Best Practices with Blockchain in Industry

Blockchain technology has found industrial applications with clear business benefits.  Independent entities with common interests and pain points have improved their operational performance by sharing trusted, immutable data with rapid visibility.  Applying Blockchain in industry provides the infrastructure for applications to manage owner-ship, which includes: Identify the asset Identify the owner Secure transfer of the asset from one owner to another Visibility by all participants The decentralized governance in blockchain removes the need for a central authority or third-party intermediary like a broker.  These types of entities typically silo the data with limited access by others and require manual methods for sharing (FAX, email or letter). Blockchain provides immediate electronic ac...

Effective Supply Chain Track and Trace with Blockchain Must Include MES and WMS Data

Overview Emerging blockchain technology enables members of a consortium to share data in a secure and trusted environment to enable improvements in operational performance.  The key benefits of current pilot programs involve limiting the cost of a recall or identifying counterfeit products.  To maximize the effectiveness of a blockchain-enabled supply chain track and trace solution and help ensure that the goals of the consortium members are met, the processing nodes of the supply chain must be included.  This requires data from the manufacturing execution system (MES) as well as the warehouse management system (WMS), transportation management system (TMS), and associated cold chain applications. Supply Chain Track and Trace Includes Both Transportation and Processing A supply chain includ...

Is blockchain future of technology?

I want to know whether the blockchain is future of technology or not.

Block chain technology

Hello sir, Hope you are doing well. I am new to the block Chain Technologies and i am so curious to get to know so deep with it. I want to develop a project on the Block-Chain. I had read all the Documentation and all the things how does it work. But I want  support from you for need to know some Technical things.  Can you please send me any Document means that can represent how admin or vendors we can create, what languages we can use and also how all process will move on. It just a E commerce website, We need to save all shops transactions details and some basic info. Thanks in Advance

Revolutionizing Supply Chains with Blockchain & Smart Contracts

Managing today’s supply chains, which consist of all the links to creating and distributing goods, is extraordinarily complex. Depending on the product, the supply chain can span over hundreds of stages, multiple geographical (international) locations, a multitude of invoices and payments, have several individuals and entities involved, and extend over months of time. Due to the complexity and lack of transparency of current supply chains, there is interest in how Blockchains might transform the supply chain and logistics industry. [1] There are a number of major firms that are already transforming their supply chains with Blockchain.   In the food industry (see above [2]) , it’s imperative to have solid records to trace each product to its source.  For instance, Walmart uses Blockchain to...

5 risks to know before ICO development

Initial Coin Offering (ICO) is next generation of capital raising methods for startups and businesses. Underlying technology Blockchain technology has offered this efficient methodology to entrepreneurs to be a strong piece of competitive economy. ICO development brought benefits such as open source platform, low transaction cost compared to traditional methods of fundraising, democratize finance, No intermediaries between parties. Initial Coin Offering development provides unexpected gains if proceeds well and definitively.  One of the motives of entrepreneurs to raise capital through this mean lies with ownership of the business or startup. Traditional methods of fundraising like venture capital distribute the ownership among investors in contrast of ICO. Yet every coin has two sides, IC...

Learn About Wallet Development Before Owning a Bitcoin

Bitcoin has been a trending series of a topic in the silicon valley since its popularization after 2008. When in 2010 the first known Bitcoin transaction was done with 10, 000 BTC it’s price increased by 900% within a day. At one point price of Bitcoin was 20,000 $ in December 2017. Even today, prices are lower than that but owning a bitcoin considered a team’s work rather than a man’s work. Henceforth, the alternates to bitcoins were developed. These are known as “AltCoin” for example, Ether, Litecoin, ripple etc. Being a decentralized currency these types of alt coins are being developed by developers. These altcoins hold tradable values but lower than bitcoin hence, it is easy to own a cryptocurrency and be a part of the digital financial world. To trade in the cryptocurrency market the...

Role of Blockchain in transforming India’s Multi-modal transportation

With rapid urbanization over the last few decades, there is a significant need to redefine India’s mobility system. In this article, I am going to share my perspective on the challenges around the implementation of multi-modal transport in India and assess whether blockchain as an enabler is a right fit in the ecosystem. Why do we need multimodal transport? Major Indian cities are now consistently ranked amongst the world’s most congested cities. Average speed for vehicles in Bengaluru is reported as 17 km/h. The off-peak speed for 13 arterial roads in Delhi has been recorded at 27 km/h, 50–60% lower than design speed. (Ref[1]) These high levels of congestion have a huge cost in the form of reduced productivity, fuel waste, and accidents. As an example, recent estimates from the Bengaluru ...

Blockchain This Week: RBI Sets Up Blockchain & Cryptocurrency Research Unit, Microsoft To Use Blockchain To Curb Spam Calls, And More

Important Developments In The Indian Blockchain Ecosystem This Week RBI Sets Up Blockchain And Cryptocurrency Research Unit The Reserve Bank of India (RBI) has formed a unit that will research and possibly draft rules and supervise new emerging technologies such as blockchain and cryptocurrency. Although the Indian government is taking strides towards the use of blockchain — a distributed ledger technology — the RBI has banned banks and payments companies from extending any kind of services to blockchain-based cryptocurrency exchanges. According to people familiar with the development, “This new unit is on an experimental basis and will evolve as time passes.” Lala World Launches Blockchain & AI-Based Payment App Singapore-based fintech company LALA World has launched a blockchain-and ...

Microgrids in the USA

A Microgrid is a localized group of electricity sources and loads that normally operates connected to and synchronous with the traditional wide area synchronous grid (macrogrid), but can also disconnect to island mode and function autonomously as physical or economic conditions dictate.[1] A Microgrid can effectively integrate various sources of distributed generation, especially Renewable Energy Sources (RES) , and can supply emergency power, changing between island and connected modes. The US Microgrid market is growing faster than expected, fueled by a rise in new ownership configurations, says a report released today by GTM Research.[2]  GTM now forecasts that US Microgrid capacity will reach 4.3 GW by 2020, up from the research firm’s estimate last quarter of 3.71 GW. The US currently...

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