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Can Blockchain Revolutionize the Digital Signage Industry?

Can Blockchain Revolutionize the Digital Signage Industry

We all are familiar with bitcoin, ETH Ethereum, ripple and other decentralized cryptocurrencies. Blockchain is the automated digital keeper that includes every business ever executed of all. Blockchain is the platform for cryptocurrencies to make trades. It has quickly become a technology far more robust than just a financial arrangement with uses ranging from tracking documents to exchanging digital and physical assets.

Now you might ask, Can Blockchain Revolutionize the Digital Signage Industry?

The answer is yes. Naturally, blockchain has begun to revolutionize the whole system with its trust and safety. Many of us now know about the ordinarily used cryptocurrencies available like Bitcoin, Ripple, EOS, Ether, etc. But very few started to find the actual usage of this currency. It has become a tremendous entire tracking system that gives the title of documents power to trading digital and physical assets more than just a financial transaction.

Digital signage is an industry where we can utilize actual resource possession as the base to record and safely screen exchanges and carefully record that exchange. Digital signage solution IT is a computerized promoting industry that operates advanced content, projectors, LCD, and LED shows that show primary content, sites, recordings, pictures, and even lodging menu. Presently we can see advanced signage’s anywhere like restaurants, parks, public areas, pathfinding, outdoor advertising, and marketing. How can distributed ledger technology advantage the computerized signage industry, and what’s its part in the current promotion? Allow us to see some genuine use cases for blockchain in the advanced signage industry.

What’s more intriguing here is that with a decentralized network, the end-users don’t have to operate with one vendor or artist for their requirements. They can occupy multiple creative supplies and get the job done according to their needs.

Decentralized content production

From taking a global campaign and localizing it for your local audience to establishing it on a unified platform, building up content for digital signage can be a long process for both artists and end-users. Blockchain might help streamline this procedure through a decentralized database where users can seek the content they want.

Blockchain can revolutionize the way that the digital signage industry functions by introducing new processes and reducing fraud. We’re going to stay on peak of the matter and update you on the latest evolutions.

  • Advertising 

For example, how many times the recent signage is used, all trades showcase the existing signage is connected, everything can digitally be recorded. Advertisers can smoothly track the situation, like ad frequency, its influence on the customer budget, how much it takes consumed and the overall costs. Blockchain provides a tamper-proof, stable, fraud-free purchase and absolute tracking of records.

Signage trading with a blockchain promotes more secure and stable platforms. The dealing of ad space fits easy and transparent and open with high-level immutable transactions. Shortly, blockchain technology will encourage the advertising industry considerably. It helps many businesses worldwide by magnifying their transparency, targeting customers, and establishing trust with clients. Blockchain might revolutionize how the digital signage enterprise works by launching new processes and eliminating deception.

Can Blockchain Revolutionize the Digital Signage Industry?

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Blockchain in Action — 16 Inspirational Examples

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If you want to have a decentralized record of digital data accessible by all, then better fix your gaze towards blockchain technology. To break a single word into two, Blockchain has information in which the data (i.e., the block) is deposited inside a communal database (i.e., the chain).

This digital technology is primarily made to rave up banking security, as unsecured parties fail to hack it. However, Blockchain has various applications; you might have heard of them, so below are their names.

1. Bitcoin

Bitcoin is known to be the most prominent application of Blockchain, which is also termed as a cryptocurrency because it is a virtual currency. Things get completely simplified here, as money transferring gets easier because of the absence of intermediaries like banks or administrators.

Similar to Bitcoin, Bitcoin Atom is also a part of it, used for transferring funds in a simplified way with no trading charges and no possibilities of hacks during exchanges.

Blockchain in Action — 16 Inspirational Examples

2. MediLedger

With Blockchain, MediLedger, a pharmaceutical company, has a decentralized network that can record transactions and data to establish worth and improve security.

3. Spotify

A popular name in the music world, Spotify, opted for the procurement of Mediachain Labs and took help from a blockchain development service provider to switch to blockchain technology. This helps them to associate with an artist who has licensed tracks and agreements.

This move has led to more transparent and clear ownership of records. This move also helped the small artist to get proper recognition, which they were denied before.

4. BitGive

BitGive, which also implemented Blockchain technology, has its sole mission to benefit charities worldwide. It has a project that provides transparent data and financial information to donors.

5. Maersk

Maersk and IDM combined to generate a new supportive Blockchain effort known as TradeLens, which is supported by blockchain software development companies and other leading brands.

TradeLens is exclusive for its customized smart-contract services that execute complicated shipping orders, which lowers the presence of mediators in the whole process.

6. Circle

The peer-to-peer payment technology of Circle, which is also termed Circle Pay, is primarily used for buying and selling bitcoins. Circle uses open, Blockchain-based protocols to build products.

7. Aeternity

Another example of Blockchain development can be found in Aeternity. It serves a great role in performing rapid transactions. The brand has adopted several new things like IoV, IoT, FinTech, Unbanked, Video gaming, Trust-free Exchanges, etc.

8. Matchpool

To stay in association and generate new connections, a platform named Matchpool utilizes cryptocurrencies. It provides bonuses on linking the associates of different communities such as Uber, Airbnb, or dating services.

Here the cryptocurrency comes in the form of Guppy tokens, which is better known as GUP. These are mainly used for making payments within the app.

9. Siemens

Blockchain development services have led Siemens Digital Grid and its start-up financier, named next47, to work in collaboration with LO3 for a new project. The project is related to Blockchain technology, which lets local people generate and use and buy power through it.

10. BASF

BASF Corporation took help from a blockchain development company to scrutinize the value of livestock. The information can be used to see full transparency about the food they eat.

11. Loyyal

Loyyal, which is a cross-sector rewards and loyalty platform, reinvented how customers will get incentives.

It makes use of smart contracts and Blockchain technology to manage travel and hospitality. It also correctly looks over the incentives of all employees and their corresponding credit card rewards.

12. SimplyVital Health

With the added cost of aligning different technologies and issues due to sharing of data for security and privacy issues, the health sector hasn’t yet upgraded a lot from the past.

However, with the help of blockchain app development, SimplyVital Health has granted the authority to patients to share and access their healthcare information.

13. Guts

Guts which also works on blockchain technology, reduces the opportunity of ticket fraud and overcharging. Its algorithm maintains similar ticket prices and locks the prices by linking them to the mobile number.

14. De Beers

By tying up with 5 various other diamond manufacturers, De Beers has developed Tracr. It is a first-level Blockchain platform, which aids in securely tracking a diamond. The platform is designed to deliver untampered data whenever there is any suspicion revolving around it.

15. Ubiquity

Ubiquity, also a part of the blockchain platform, provides records of property information with a clean record of ownership. The consumer can input their data and store it on a blockchain with its Patent Pending API and SaaS Platform.

16. AIA Insurance

The bancassurance network, i.e., AIA Insurance, has led its bank partners to share data in real-time, reducing the processing time. It perceives new starts to have insurance with the blockchain accelerator.

Conclusion

Thus, through this, we hope that it is clear to you that blockchain development is a vast system with a vast scope in every sector. So, align your brand with it to upgrade and earn better revenue.

Blockchain in Action — 16 Inspirational Examples

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Blockchain Versions Explained: A Guide for Beginners

Blockchain Versions Explained A Guide for Beginners

Are you a beginner in the Blockchain space? Want to get started with this futuristic technology? This article talks about various versions of Blockchain, providing a clear understanding of exactly what this technology is all about.

Table of Contents

  • What Exactly is Blockchain Technology?
  • Types of Blockchain Versions
            * Version 1.0: Cryptocurrency
            * Version 2.0: Smart Contracts
            * Version 3.0: Introduction to dApps
            * Version 4.0: Blockchain for Industry
  •   Wrapping Up 

What Exactly is Blockchain Technology?

A Blockchain is a peer-to-peer (P2P), decentralized, distributed ledger technology with a continually growing public ledger that keeps a permanent record of all the transactions securely and immutably. A blockchain is a network of information-containing blocks where each block tracks all recent transactions and, once done; it is stored permanently on a Blockchain network.

It is different from the traditional database because Blockchain is decentralized because there is no intermediary or mediator, and it is fully confidential. 

The technology has gained a lot of public attention since 2009, and since then, it is continually growing and developing, and now it is more than bitcoins and cryptocurrency. Its demand is because of its ability to offer decentralization, immutability, transparency, and privacy.

Are you a beginner in this domain? Want to get started with Blockchain and become a Certified Blockchain Expert? Get started today!

Types of Blockchain Versions 

As we have understood what exactly Blockchain is, let’s delve deep into the evolution of this technology, including blockchain progression from version 1.0 to version 4.0.

  • Version 1.0: Cryptocurrency 

The implementation of distributed ledger technology led to its first-ever application, and that was the introduction of cryptocurrency, Bitcoin. After Bitcoin, various other cryptocurrencies were introduced to allow financial transactions based on Blockchain. 

Satoshi Nakamoto, a pseudonym for a different person or persons who invented Bitcoin, wanted to create a “trust-less” cash system by removing third-party intermediaries, unlike in traditional systems that require mediators to perform digital monetary transfers.

  • Version 2.0: Smart Contracts

After Bitcoin, version 2.0 extends the concept of Bitcoin beyond cryptocurrency. 

There were several challenges that came with Bitcoin, and those were wasteful mining and lack of network scalability. To deal with such issues, version 2.0 introduced smart contracts. Smart Contracts are autonomous computer programs that execute automatically when the desired conditions are satisfied. Such contracts run on the blockchain network without any plausibility of downtime, fraud, or error.

The aim of the smart contract is to provide security while processing transactions and reduce excess transaction costs and time. Unlike traditional contracts, smart contracts maintain complete transactional transparency, offer security and confidentiality by making use of cryptographic algorithms. 

Smart contracts can be applied to trade finance, supply chain, property ownership, and many other domains. 

  • Version 3.0: Introduction to dApps

dApps are Blockchain-based apps, or we can say that dApps are a part of the software that communicates with the Blockchain, which manages and controls the state of all network actors. Unlike centralized apps that run on a single computer, blockchain-based apps run on a P2P network.

Such applications use decentralized storage and communication, and most have their backend code running on a decentralized network, unlike centralized applications that run on centralized servers. 

A few of the top-ranked dApps are ForkDelta, CryptoKitties, Bancor, Ether Shrimp Farm, PoWH 3D, Moon, Inc., among others. 

  • Version 4.0: Blockchain for Industry

Although the value of Blockchain in industries is yet to be defined, there are still some areas such as finance, supply chain, manufacturing, healthcare, logistics, including others in which this technology provides prospective benefits. Technology 4.0 demonstrates the strategies that make Blockchain available to business requirements.

Various organizations, industries, enterprises, and businesses are willing to adopt Blockchain technology for their efficient operations. Due to their decentralized nature, distributed ledger technologies like Blockchain can easily resist malicious attacks and frauds. With continuous efforts, Blockchain developers and technocrats are trying to build a scalable, adaptable, and affordable Blockchain for the world. 

Wrapping Up 

Undoubtedly, Blockchain has made a lot of progress since its invention. Those who have understood its potential are ready to go beyond the paradigm of a central system for anything and everything. Due to its decentralized nature, technology can easily resist malicious attacks and can execute transactions instantly. The latest upgraded version that is version 4.0 is leading us towards faster processing and sustainable technology in terms of immutability, anonymity, privacy, secure transactions, and cost-efficiency. But still, there is a call for a safer and more robust Blockchain.

If you are a beginner but want to master this futuristic technology, Blockchain Council is here to assist you!

To get instant updates about Blockchain Technology and to learn more about online Blockchain Certifications, check out Blockchain Council. 

Blockchain Versions Explained: A Guide for Beginners

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How Blockchain Technology is Changing Real Estate

How Blockchain Technology is Changing Real Estate

Many industries have lately noticed the positive use the blockchain technology in their domain—especially the real estate industry. The real estate industry remains the most significant asset in the world. Blockchain has been around for a little more than a decade. However, the profits of this digital method for moving around valuables are still distant to many commercial real estate executives.

However, blockchain and real estate have been used in the same order during the past several years. Market experts predict blockchain and cryptocurrencies will continue to grow in the real estate industry in the coming years. This ongoing digitalization will be handy as every database will be connected to your real estate application under the control of blockchain technology. Let’s check out How Blockchain Technology is Changing Real Estate: 

Platforms and Marketplaces

The real estate sector has traditionally been mainly concerned with listings and with uniting buyers and sellers. However, blockchain proposes new ways to trade real estate and enables trading programs and online marketplaces. Industry experts can then trade assets like stocks on an exchange and other activities online by taking over real estate. The accumulated tokens can 

be exchanged for authorization currency, with buyers owning a percentage stake of the capital.

  • Possible elimination of Agents

Brokers, lawyers, and banks have their place in real estate. Nevertheless, blockchain may soon usher in a shift in their roles and support in transactions. Cutting out the agents and other intermediate people might result in buyers and sellers getting added out of their investment they save on charges charged by these mediators. This also makes the process much faster as the back-and-forth between these middlemen gets cut.

  • Property asset

Real estate has long been recognized as an illiquid asset since it takes time for sales to terminate. This isn’t the case with cryptocurrencies and indications since they can, in philosophy, be readily traded for authorized currencies through exchanges. However, as tokens, real estate can be readily changed. A merchant doesn’t have to wait for a client who can afford the entire property to get some value out of their property.

  • Partial Ownership

By providing partial ownership, blockchain also lowers the barriers to real estate funding. Typically, investments would require significant money upfront to obtain property. On the other hand, investors could also merge their money to collect more prominent ticket properties. Through blockchain, investors would have to access a trading app to buy and sell even parts of tokens as they see worthy. In addition, divided ownership would also help them evade managing the properties themselves, such as support and leasing.

The transparency in selling business associated with a decentralized network can also reduce costs related to real estate activities. Beyond the savings made by skipping out mediators’ professional fees and brokerage, other expenses such as inspections, registration fees, loan fees, and taxes are associated with real estate. These costs even vary depending on the area that has control. Like agents, these can be reduced or even eliminated from the equation as platforms automate these processes and make them part of the practice.

How Blockchain Technology is Changing Real Estate

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A Beginner’s Guide to Decentralized Applications

A Beginner's Guide to Decentralized Applications

Are you a Blockchain enthusiast? Wondering what dApps are? Want to build your own dApp and get started as a Blockchain Developer? Well, we have got you covered. Before you start making apps, let’s deeply understand what these applications are.  

Table of Contents 

  • What are dApps?
  • How dApps Differ From Traditional Apps?
  • dApps and their Characteristics 
  • Ethereum dApps That You Can Use Now
  • The Verdict 

What are dApps?

Decentralized Applications, also known as dApps, consists of back-end code that runs on a P2P decentralized network. dApps provide features similar to those provided by traditional consumer apps, but they utilize blockchain technology to give consumers greater power over their data by removing the need for centralized data management, thereby rendering the service “decentralized.”

In other words, they are open-source application software that use smart contracts to run transactions on a peer-to-peer network.

Sounds interesting? Get started today as a Blockchain Developer!

How dApps Differ From Traditional Apps?

Before you start developing your own application, let’s understand how these decentralized applications differ from traditional ones.  

Centralized Vs. Decentralized 

The basic key difference, unlike traditional apps (governed by centralized controlling authority), dApps run on a peer-to-peer blockchain network. 

Trustable 

These applications are trustable among users as users get complete control and ownership of their data and assets.

Cost of Development 

When it comes to the development cost, regular apps have to take into consideration various factors such as cloud server fees, maintenance fees, and others. But in dApps, Blockchain Developers need not worry about such factors as dApp cost includes development, deployment, and even upgrade.

Speed 

In terms of speed, regular apps outperform dApps as decentralized applications can process only around 15 transactions per second. 

Security 

Undoubtedly, Blockchain-based apps are more secured. This is because these apps are tamper-proof, and the records stored are unalterable. Also, they are immutable from hacking and other potential destructions. 

Usage Cost

There is no cost of using regular apps. But for using decentralized applications, users have to pay a small fee every time. Here it is crucial to note that usage cost depends on the complexity of the app. 

dApps and their Characteristics 

As we have understood what dApps are and how they differ from the traditional apps, let’s explore their key characteristics. 

  • Works on the underlying technology, Blockchain.
  • dApps are open-source, which means code is public, and hence anyone can copy and audit it.
  • They are decentralized, meaning they are not governed by any central authorities like Facebook, Airbnb, etc. Thus, no central authority can stop users from using the app or doing what they want. 
  • Such applications use Ethereum smart contracts, which automatically execute when the desired conditions are met. 
  • Most importantly, these apps are global, meaning anyone around the globe can publish or use these dapps.

Ethereum Apps That You Can Use Now

Before exploring the apps, it is crucial to note that the majority of the dApps are built on Ethereum Blockchain, and there are many reasons for that. The first being Ethereum Blockchain implements a development interface that reduces programming time and instantly launches projects. Ethereum also offers a developer-friendly experience with the inclusion of creation kits, application models, and MetaMask, which has proved effective in attracting new projects, vast groups, and large communities.

There are hundreds of dApps, each having different purposes. For instance, if you want to mint, buy, or trade non-fungible digital art, you can use Zora, Foundation, Cent, MakersPlace. If you want to pay musicians directly for their work, you can use Catalog, Audius, and other similar apps. For finance-related activities such as sending, receiving, borrowing, earning interest, streaming funds, you can use Compound Finance, Aave, Pool Together, Dharma, InstaDApp, and others. For exchanges and peer-to-peer options for buying, storing, and trading cryptocurrencies, one can use 1inch, AirSwap, ForkDelta, and others.

The Verdict 

The landscape of dApps is rapidly evolving, making Ethereum the platform of choice for Blockchain developers. Its potential indicates that we can expect to see exciting new functionalities and use-cases for blockchain technology shortly. Apart from Ethereum, Cardano, Lisk, QTUM, and NEO are also popular for DAPP development.

According to statistics, dApps’ market size was valued at USD 10.52 Billion in the year 2019, and now it is expected to reach USD 368.25 Billion by 2027 at a CAGR of 56.1%. If you want to develop your own dApp, all you have to do is enroll in Blockchain Council and become a Certified Blockchain Developer. 

To get instant updates about Blockchain Technology and to learn more about online blockchain certifications, check out Blockchain Council.

A Beginner’s Guide to Decentralized Applications

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