Blockchain technology is growing at a significant pace. According to Statista, the global blockchain market, valued at US$1.57 billion in 2018, is expected to grow more than a hundred times to US$163 billion by 2027. Blockchain is a decentralized digital ledger of transactions that records data in a way that prevents hacking and altering of […]
Hewlett Packard Enterprise (HPE) recently announced the launch of innovative platforms that are expected to speed the development of machine learning models. The first, the HPE Machine Learning Development System, combines machine learning software with compute, accelerators, and networking, which shortens the time it takes to get results from building and training machine learning models […]
Blockchain technology will not only revolutionize medical records, it will also create a patient-centric healthcare industry dramatically different from what exists today. As discussed in previous posts, blockchain is a decentralized digital ledger of transactions that records data in a way that prevents hacking and altering of data by duplicating transactions and dispersing them to […]
From healthcare to supply chains, the decentralized nature of blockchain has the potential to fundamentally restructure the way organizations do business. Once fully implemented, it will also make the internet far more secure against cyber attacks – and give users greater control over their personal data. How Does Blockchain Make the Internet More Secure? Centralized […]
From regulatory compliance to invoicing dilemmas, businesses are dealing with some major headaches – and turning to blockchain for a cure. Among these businesses are automakers harnessing blockchain technology. In May 2021, French automaker Renault announced it had created a new blockchain solution to ensure European auto industry components are in compliance with new regulations […]
The COVID-19 pandemic triggered a dramatic shift to digital transformation as millions of employees began to work from home. Now, with pandemic disruptions suppressing global supply chains; manufacturers, ship operators and importers are switching from paper to digital transactions using blockchain technology, reports Enda Curran in Bloomberg. As discussed in a previous post, blockchain is […]
From patient-centric hospital networks to higher quality medicine, blockchain technology is revolutionizing healthcare in a number of ways. As discussed in previous posts, blockchain is a decentralized digital ledger of transactions that records data in a way that prevents hacking and altering of data by duplicating transactions and dispersing them to “nodes” across the network. […]
Today’s healthcare industry is plagued by outdated record keeping systems that are difficult to manage and protect. Blockchain technology is expected to dramatically improve this system. As we discussed in previous posts, blockchain is a decentralized digital ledger of transactions that records data in a way that prevents hacking and altering of data by duplicating […]
Contracts have long created headaches for the business community. Traditionally authorized by third parties such as banks and courts, business contracts can be expensive and time consuming, in addition to often ending in disputes — or even lawsuits. However, blockchain technology and the Internet of Things (IoT) could allow for “smart contracts” that eliminate the […]
Improving transparency and security, preventing fraud, and reducing errors along supply chain routes are just a few of the ways blockchain can help businesses thrive. Perhaps the biggest benefit of all is the amount of time and money blockchain can save companies while boosting trust and customer loyalty. “We see a major application of blockchain […]
