Bits N' Blocks

We go to a restaurant and ask for the menu card. The waiter gives the menu card, which shows a list of dishes, we can order. Next, we order some dishes from the menu to the waiter. The waiter takes our order and communicates to the restaurant’s kitchen. The kitchen does it work and prepares the dishes for us. The waiter serves us those dishes. We don’t exactly know what went in the kitchen, nor are we interested. The waiter here is an interface between us and the restaurant’s kitchen.

NFT – Another Blockchain Application

NFT – Non Fungible Tokens are in limelight in 2021. It is also a blockchain application and it has become a big market lately in 2021. We shall discuss about the NFT in layman’s terms. Talking at a high level, NFTs are a part of the Ethereum blockchain. The Ethereum blockchain supports NFTs which store extra information exactly like a digital signature. Well, these non-fungible tokens are…

A basic questions in my mind, is blockchain also a database? During my endeavour of learning the blockchain technology basics, I remained a bit confused. I always wanted to map the similarities and the differences between the two topics.

Blockchain at first instance looks like a database only. The bottom line is blockchain is different in terms of structure and functionality from a database…

The well-known GM or General Motors has filed an application with the US Patent and Trademark Office for a “Decentralized Distributed Map” using the blockchain technology.

General Motors plans to solve issues related to the dynamic feedback of mapping around a car.

Presently, most vehicles, even autonomous ones also, leverage on some type of navigation system which, provides detailed maps to the…

A Beginner’s Guide To DeFi

DeFi  is one of the buzzwords going on in the crypto world since a long time now. DeFi has become an acronym of “Decentralized Finance”. It refers, in general, to the financial applications developed on the blockchain ecosystem.

The functions of DeFi are:

It is used for creating monetary banking services

Providing P2P lending and borrowing platforms

Enabling advanced financial instruments as DEX,…

Binance: Blockchain for India Fund – A 50M USD Indian Blockchain Startup Fund

Binance, the global blockchain company with the world’s biggest digital asset exchange by trading volumes and WazirX, the Indian crypto exchange, have taken an initiative known as “Blockchain for India”. Blockchain for India, initiative is for supporting the development and growth of blockchain start-ups in India.

Binance and WazirX have jointly set up a USD 50 million Blockchain for India fund,…

Bill Gates, the man behind Microsoft, since, 1975 known for founding Microsoft, software development, philanthropist has pledged 1.4M USD to CREST blockchain project before departing the Microsoft board.

As per a press release, Microsoft has announced change in its board of directors. Microsoft co-founder, Bill Gates steps down from the board to dedicate more time for his philanthropic activities…

Mercedes-Benz: Another Blockchain Initiative

Mercedes-Benz as part of its Ambition2039 initiative – a path for proposed sustainable mobility, is planning for a carbon neutral new passenger car using blockchain and artificial intelligence technologies.

Mercedes-Benz plans for a carbon neutral passenger car fleet. The organisation has collaborated with Cirulor, a start-up. The collaboration is to establish new global standard for ethical and…

Blockchain Token and Data Management Services From Microsoft Azure

Software giant Microsoft Azure recently announced for its tokens and blockchain data manager on its official blog.

The token named Azure Blockchain Token plans to simplify the creation and management of complaint tokens, which are built as per the industry requirements.

The company provides pre-built templates for common uses and gives a gallery for templates, which are created by partners, to be…

Blockchain P2P Insurance: What is it, and Will it Prosper?

The insurance industry and technology have gone hand in hand for quite some time. Insurers are always on the lookout for the latest innovations to adopt. They are constantly seeking out ways to lessen their exposure to financial risk through better customer assessment and by reducing their administrative costs through greater efficiency.

Life insurance companies, for example, are using social…

Bitcoin Lightning Network And The Bug Fixing Story

The bitcoin’s lightning network came as a panacea when people across the crypto world start saying that that the lightning network will help to really make small transactions using the bitcoin in the real life. The best and most popular example given was, that now you can really buy a pizza or a coffee using the bitcoins.

However, recently, it came to light that a popular payments network running…

Discussing Quorum Blockchain Basics

Quorum blockchain is in limelight for past some time and this is how I was prompted to learn quorum blockchain basics and read about quorum blockchain guides on the internet. I am trying to share my quorum blockchain learning experiences here.

This article may be considered as a part of quorum blockchain tutorial but it is not a quorum blockchain ultimate guide.

Recently, there were news that…

The Future Of Blockchain In Healthcare And Medicines

We have been discussing blockchain applications in various industries and in our daily life. Today we shall discuss blockchain in healthcare and medicine and also the implementation of blockchain in healthcare.

Discussing about the blockchain opportunities in healthcare, there are numerous applications, some of which have already been in implemented in pilot projects. Definitely, there are…

Learning Basics of Hyperledger Project from Linux

Hyperledger is one of the most popular Linux projects. It is an open source collaborative project for cross industry blockchain technologies. The Hyperledger project is to bring together independent efforts in developing protocols and standards. It is providing modular framework, that supports different components for different users. This include different blockchains with their consensus and…