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Heng Kiong teaches information technology, including business analytics and management information systems, in a tertiary institution.Orticelle NavigationCheck Out The Full Series: Part 1: What is BlockChain? Part 2: Centralized vs. DatabasesSpart 3: Digital SignatureSpart 4: Private-Key Cryptograpypart 5: CryptographyPart 6: Cryptography and Digital SignatureSpart 7: Does Hashingchet Does this item? It is introduced to the fundamentals of BlockChain and find out how companies can take advantage of this technology to improve efficiency and increase security.Background The financial system is going through an important structural change. Recent developments suggest that encryptococurrency as Bitcoin will guide the economy. Currently, the economy ? ? ?,? ? "bitcoin? ? ?,? is evaluated near us $ 70 billion and growing. Many companies are "up, ? ? ?,?" waiting for the next developments. At the same time, they are trying to understand the phenomenon of Bitcoin and Blockchain, and what they mean for the future of their activities. Since their beginnings in 2009, Bitcoin and Blockchain have changed the way we see and store data forever. Experts believe that the BlockChain platform can alone represents a robust and truly decentralized medium for recording electronic transactions - something that has become common in all modern businesses. Intelligent contracts, based on blockchains, provide a way to create and manage corporate agreements. Most people often use Bitcoin and Blockchain terms interchangeable. They are the same thing? What do they mean for companies today and in the future? This that this article covers executives, managers and professionals are suitable for an interesting interesting in Blockchain and as a potentially model and impact blockchain. Will these arguments be discussed? Cryptography: Digital signature and hashing applications In business, what is the Blockchain? What is a blockchain? A brain of Nakamoto, Blockchain is mainly known as Bitcoin base distribution technology. Blockchain represents a new paradigm for the way the information is shared, and many even say that it is the most disruptive technology in decades. This new way of storing data makes BlockChain safe, reliable and efficient. It can be used to record and monitor values, such as transactions, records, money, etc. Traditional. How did the transactions before the distributed ledgers existed? Currently, due to the lack of trust between companies, commercial transactions are commonly conducted through an intermediary, for example a bank. All parts involved in operations maintain their records. Registers are not synchronized and therefore can cause duplication, discrepancies and disputes. Furthermore, this traditional mode of transactions depends very much on an intermediary. The distributed records. So what makes Blockchain different? Unlike traditional logs in which transactions are centrally recorded and stored with an intermediary, blockchain tracks distributed mode transactions and records are synchronized between all parts of the Blockchain network. In BlockChain, each new transaction is represented as a new entry in the distributed registry. Transactions are contained in blocks and chain together. Each block is attached to the previous block. It is so that Blockchain has its name. Transactions in a blockchain cannot be changed or tampered, because this means that the transactions attached to the subsequent blocks will also be affected. The transactions are connected together in a chronological way to form a continuous chain of blocks that makes the record immutable. Using Cryptocurrency as an example, the first transaction ever took place is recorded and the entire list of transactions is downloaded to anyone who join the network A history of cryptocurrency property can be traced to the first transaction, also known as the genesis block. genesis.a record of all transactions, double-spending can be detected easily. Blockchain is safe, reliable and efficient. The chain records are immutable. Business Benefits of BlockchainBecause Blockchain reduces the risk of data tampering and builds trust in the data, intermediaries are no longer needed. Companies can save time and costs by reducing risk as records are immutable. Transactions can now be carried out accurately and transparently. Distributed. What's next? In the following articles, we will discuss in detail how Blockchain works. Next Article This article is accurate and true to the best of the author's knowledge. The content is for informational or entertainment purposes and does not replace personal advice or professional advice on business, financial, legal or technical matters.? 2018 Heng Kiong Yap Have you ever dreamed of Minecraft, usually after a late-night game session, and the dream has mixed real life with the 3Dcubes and pixels of the game pop. How? Well, your dreams can come true with the Minecraft Reality app! Yes, you can create Minecraft items and put them into reality ? well, augmented reality anyway ? where they will stay forever. Created by 13th Lab AB, Minecraft Reality uses PointCloud SDK that allows you to map and plot 3D spaces using SLAM (Simultaneous Localization and Mapping). What's mine is yours You can also upload your Minecraft worlds to the app's website and actually place them, plus you can discover Minecraft worlds that others have placed in nearby locations, and share screenshots of the Minecraft worlds actually on Facebook and Twitter. The app is available now, price $1.99 (?1.49). (?1.49).

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