The Blockchain Academy Blog

Blockchain Opportunities, Challenges and Partnerships

Uncategorized Jan 12, 2017

The rising technology of blockchain and increasing number of opportunities it is creating for different industries, has long been highlighted by TheBlockchainAcademy.com[1], in an effort to embrace the technology to the fullest and also unveil the challenges and partnerships it has also brought about. In this post, we will be discussing these factors in a more detailed and factual manner.

Blockchain, also called the backbone technology underlying Bitcoin, is one the most intriguing and hottest technologies market has ever had. Since 2013, a rise of 1900 percent has been seen in Google searches for this technology[2]. Just like the emergence of the internet, the blockchain has also the potential to complete disrupt various industries and make the processes and operations more secure, democratic, efficient and transparent. Startup organizations, entrepreneurs, governments, global organizations and investors have all recognized blockchain technology as a revolutionary measure. So, what...

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How Blockchain is Changing Legal Services

Uncategorized Jan 12, 2017

Most people are now aware of Bitcoin, the modern electronic currency operating outside the conventional auspices of state control. However, only few of the people are aware of the technology of blockchain underlying, which has a huge potential to revolutionize the provision of legal services, regulatory enforcement and compliance. In few of my previous posts, we have seen the technology in terms of education and the way it is beneficial for the student database management[1]. For this article, I chose to consider the same but in legal sector. This is because block chain’s effects cannot be denied in the recent legal scenario as it is expected to transform the legal services structure to a great extent.

While it was Bitcoin that hit all the headlines first, there has been a more recent recognition that public database which Bitcoin was built on, Blockchain can be applied for far more than simply a currency, as any kind of data can now be shared on the ledger. Major global...

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The Potential Impact of Blockchain on Financial Sector

Uncategorized Jan 10, 2017

One of the highly debated and most controversial topics out there right now, is blockchain. The world’s powerful and smart people are yet to reach a new consensus as to whether this revolutionizing technology is a good or a bad evaluation, however, most of them agree to the fact that it is indeed an evolution. In an effort to try and reap its potential disruptive power, hundreds of millions dollars are being invested into blockchain technology by businesses from all industries around the world. With this degree of hype and focus, I consider financial sector the most important entity to be affected by blockchain. This article, being the continuation of Blockchain Week on TheBlockchainAcademy.com[1], focuses the impacts the blockchain technology can bring for the financial sector.

As far as the impacts are concerned, these are usually expressed in terms of security, real time, transparency, security, full life-cycle transaction history, cost efficiency and immutability. For now,...

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Blockchain Voting for Shareholders as Well as Elected Officials

Uncategorized Jan 05, 2017

Is blockchain going to be introduced in voting and election? We shouldn’t be surprised if it happens. We are heading towards a future where cash or paper base currency is to be replaced by Bitcoin or crypto currencies. In this scenario, seeing blockchain in election and voting terms, both in corporate and politics, seems quite relevant. Being the continuation of the Blockchain Month at TheBlockchainAcademy.com[1], this article discusses the blockchain implementation and use in this regard.

Blockchain voting is such a dream that has been shared by many bitcoiners and libertarians alike. Setting the ideology aside, blockchain voting is transparent, cheap and safe. It also tends to be inevitable. As the US presidential primaries run the course, the US electoral system and the usage of electronic voting machines are the focus of public’s arguments, once again.

Blockchain and EVMs

In principle the electronic voting machines (EVMs) must not be demonized. Their idea also hits...

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Can Blockchain Solutions Over-Reach

Uncategorized Dec 29, 2016

There has been much coverage seen in the technology press nowadays about the recent emerging technology, generating huge interest in various industries: block chain and its ecosystem. In my previous posts for the blockchain week at www.TheBlockchainAcademy.com[1], we have mostly come across the potential of this technology to transform the ways industries and professionals are working, including educational sector, legal sector and medical care. However, can blockchain solutions overreach in future, and does it entail some challenges we can’t see at the moment? Is the block chain technology just a hype or a reality? I tried to find the answers, shared in this article.

The blockchain solutions emerged with the name of web-based distributed ledger system where applications can be developed on, to achieve higher data integrity, give time-stamped attribution and verification and amplify the efficiencies via automation[2].

The blockchain is the public ledger of all bitcoin...

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How Blockchain is Changing Learning & Development

Uncategorized Dec 22, 2016

Let me share with you one of the latest and rising concepts being seen in education, learning and development, and that is “blockchain”. I am sure if you have been in learning and development, you must have heard of it this year. So, what blockchain basically is and is blockchain going to be the next great thing in learning and development? Well, this is the question I have been encountering with high frequency regarding this technology that until recently, previously belonged to cryptocurrency Bitcoin. The subtext to this question, I assume: do educators and trainers need to be aware of the blockchain? What, if anything, should they know about it?

Let me first describe the blockchain. The blockchain is usually termed as digital ledger. And maybe a quite simple explanation should just leave it at that. It is the ledger; a distributed and digital ledger. The blockchain is the distributed database that gives an alterable and semi public record of the digital transactions...

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Thoughtful Blockchain Regulation without Stifling Innovation

Uncategorized Dec 20, 2016

In this post I would be discussing the hot debate going on regarding blockchain regulations and the way it can be balanced with innovation. Blockchain technology, as we have discussed quite a lot of times before, is a distributed ledger that underlies crypto-currencies, and has become a vital factor for financial industry as virtual currencies like bitcoin are becoming increasingly popular. The rise of the blockchain technology can greatly transform how monetary transactions are carried out around the globe, leading to major disruptions for many industries, especially banking and finance. And like anything else concerned with money, the emerging blockchain technology is also raising cyber security and regulatory compliance questions both for businesses and consumers it serves.

In view of the polarizing debate regarding bitcoin, the regulators must think whether blockchain technology is equivalent to Internet of 25 years ago. Bitcoin, which raised the concept of blockchain in 2009[1]...

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Using Blockchain in Educational Sector

Uncategorized Dec 08, 2016

When we hear about blockchain, it usually spins our head. Fintech experts and Wall Street analysts claim that it can make the conventional banking absolutely obsolete. Airbnb just hired an expert blockchain team, while Estonia is soon to use it for maintaining a million patient health records. But what actually is the blockchain, and what is its linkage to the educational sector? Initially developed as the underlying database for the bitcoin, a peer-to-peer digital asset and payment system, the technology of block chain is now being taken as purposeful and valuable technology, beyond the financial sector[1]. The benefits provided by blockchain technology include storage of information on a permanent, secured and historical ledger that can be both private and public. This would change how the educational technology and application approach the student data.

A block chain is usually termed as a digital ledger, and may be a very simple form of definition should just leave it at that....

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What is Blockchain & Why Does it Matter

Uncategorized Dec 05, 2016

This article will discuss why blockchain matters? Most importantly, the benefits it is bringing about that make it important, are of much interest especially for the corporate world. In addition, for the newbie reading the article, it is always good to revise the concept again in a brief manner.

If you have been tuned to my blog or heard of bitcoin, you can surely say that the digital currency that is predicted by many, is going to revolutionize payments, or might prove to be a huge fraud, depending on what you understand. Bitcoin is the application lying behind running the blockchain that is eventually a more profound and striking innovation. The blockchain is the secured transaction ledger database that is shared by all the parties involved in a distributed, established computer network. It archives and saves each transaction that is happening in the network, necessarily removing the requirement for trusted third parties like payment processors[2]. The supporters of the blockchain...

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Will Crypto-Currencies Replace Cash?

Uncategorized Dec 02, 2016

A prediction by an Australian economic professor, regarding the replacement of paper cash by electronic currency like Bitcoin by next 10 years, raised a wave of concerns around the globe. I found this hottest buzz interesting and important enough to include in our Blockchain Week at TheBlockchainAcademy.com[1]. In the last few posts, we discussed the blockchain technology in a great deal, with some practical scenarios such as RSCoin to be introduced by The Bank of England. In view of such cases, now occurring frequently, the question whether the crypto currency is going to replace cash, has become a big questions. What would be the impacts and how it is going to affect the financial sector in particular, are other after-questions. In this article, we are going to have a look on the same.

The time this prediction was raised, since then many believe that it is not realistic, given a very slow adoption of the crypto currency. However, all sides are agree to the fact that digital...

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