#digital ledger

A blockchain is basically a distributed database that is shared among a computer network's nodes. It is essentially a digital ledger of transactions that is duplicated and then distributed across the whole network of computer systems in the chain.

The launch of Bitcoin in 2009 moved blockchain from conceptual to actual real world use, proving that this digital ledger technology really works. Since then, organizations and businesses across the globe have been figuring out how blockchain can work wonders for them too.

Big name brands, government agencies, and nonprofit institutions are using blockchain to improve existing processes and boost new business models. Read on to know the top 5 benefits of this technology ➽ https://bit.ly/3PSH440

Weekly output: EU Digital Services and Digital Markets Acts, bringing blockchain technology to land titles, Mark Vena podcast, FCC goes after auto-warranty robocall enablers, Elon Musk tries to back out of buying Twitter

I much enjoyed not going any farther than a neighborhood friend’s house for the Fourth of July; if you traveled further for the holiday, I hope the trip did not involve any unwanted bonus airport time. 7/5/2022: Sweeping EU Bills May Require Major Changes at US Tech Firms, PCMag Writing this post took longer than I expected because digesting the text of the European Union’s Digital Services Act…

With the rise of digitization in the pandemic and post-pandemic era, various industries are realizing the significance of blockchain technology and its huge possibilities. The problem with many industries, including trade finance, is that they are still dependent on paper-based manual processes, leading to inaccuracies in documentation and higher costs.

Here’s good news: Blockchain along with other digital technologies are helping trade finance sectors to digitize their processes. Since trade is primarily decentralized in nature, blockchain, which is a decentralized public ledger, would be a perfect fit for trade finance.

With the evolution of blockchain technologies, one key development that is benefitting trade finance participants is the non-fungible token system. The NFT or a non-fungible token refers to a non-interchangeable and unique unit of data, which is securely stored on a shared digital ledger, known as a blockchain.

How can a mere vertical search engine enhance the understanding of the blockchain and its related technologies sectoral knowledge? 

PlatoData.IO, an enhanced platform to deal with the concrete dataset of multiple organizations, has been providing you with a refined and defined database for a 360 degree overview of a certain event. The platform has integrated AI technology which automates the data extraction process and looks into providing blockchain vertical specific knowledge at your disposal. 

Blockchain is an accumulation of multiple technologies and those technologies are a result of several algorithms. Each algorithm has an impact on the vertical of knowledge and causes fluctuation in the overall technologies and not all the platforms provide an entire overview of the same. 

PlatoData looks into covering the entire series of events and accumulating the most relevant information, causing a shift in the actual state. This helps the users to understand the depths of blockchain and its relevant technologies. 

The platform provides users with a high definition interface which explains the depths of the blockchain as a vertical and the algorithms attached to the topic. Not only have we evolved as humans but are looking forward to expanding their knowledge across multiple domains. This data as a platform tends to look into providing vertical specific knowledge to its users and promotes blockchain vertical. 

It is important to keep up with the changes in technology and plato as a platform keeps a tap on the future prospects.