As the market around blockchain continues to grow, a range of different distributed ledger technologies is becoming available for enterprise users to apply blockchain. When looking at your options, it is important to note that certain protocols are suited to certain use cases, and time-to-value can be accelerated by leveraging existing networks that already exist.
Is the protocol open sourced and openly governed?
Simply posting code on an open developer site is not enough there needs to be a governing body which maintains the code in line with enterprise needs. The Linux Foundations Hyperledger Project exemplifies what it means to openly govern an openly sourced code base, allowing any organization or contributor to submit suggestions, updates, and policies. Hyperledger openly validates the inputs through the Technical Steering Committee to ensure innovations are supported which harden blockchain for business.
Who will be a part of the network?
Participants can include business partners, application providers, regulators or even competitors.
What use case will drive transactions on the network?
How does a block is recognized in the Blockchain approach?
Every block in this online ledger basically consists of a hash pointer which acts as a link to the block which is prior to it, transaction data and in fact a stamp of time
Is it possible to modify the data once it is written in a block?
Name some popular platforms for developing blockchain applications ? I need to know more !
after the development of bitcoin, various blockchain platforms started coming up. Ethereum came right after the evolution of Bitcoins, and is one of the popular public platforms for building Blockchain based applications.
so can you please tell me how can blockchain benefit Ecommerce ?
We talked 'bout this several times : quality assurance, supply chain management,accounting. Especially is Smart contracts.
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BoardAnnouncements (Altcoins)
Re: [ANN] Caganu Platform
by
Kisa San
on 08/06/2018, 07:09:59 UTC
what are the particular records can be kept in Blockchain ?
yes, they are : Banks and accounting systems use ledgers to track and timestamp transactions. The difference is that the blockchain is completely decentralized and an open source.
sorry I didn't quite get it, decentralized and open source? can you explain more?
This means that people do not have to rely on or trust the central bank to keep track of the transactions. The peer-to-peer blockchain technology can keep track of all the transactions without the fear of having them erased or lost.
Furthermore, the blockchain, because of its open-source nature, is more versatile and programmable than central banking ledgers. If programmers need new functionality on the blockchain, they can simply innovate on top of already existing software through consensus. This is difficult for central banks because of all of their regulations and central points of failure.
by the way could you please explain a real-life use-case where blockchain is being used? thanks
Sorry, I do not know how to cover this aspect
that's okay. Thanks anyway!^^
If you need anything, feel free to discuss, if I know something I will be helpful
yes, they are : Banks and accounting systems use ledgers to track and timestamp transactions. The difference is that the blockchain is completely decentralized and an open source.
sorry I didn't quite get it, decentralized and open source? can you explain more?
This means that people do not have to rely on or trust the central bank to keep track of the transactions. The peer-to-peer blockchain technology can keep track of all the transactions without the fear of having them erased or lost.
Furthermore, the blockchain, because of its open-source nature, is more versatile and programmable than central banking ledgers. If programmers need new functionality on the blockchain, they can simply innovate on top of already existing software through consensus. This is difficult for central banks because of all of their regulations and central points of failure.
by the way could you please explain a real-life use-case where blockchain is being used? thanks
yes, they are : Banks and accounting systems use ledgers to track and timestamp transactions. The difference is that the blockchain is completely decentralized and an open source.
sorry I didn't quite get it, decentralized and open source? can you explain more?
This means that people do not have to rely on or trust the central bank to keep track of the transactions. The peer-to-peer blockchain technology can keep track of all the transactions without the fear of having them erased or lost.
Furthermore, the blockchain, because of its open-source nature, is more versatile and programmable than central banking ledgers. If programmers need new functionality on the blockchain, they can simply innovate on top of already existing software through consensus. This is difficult for central banks because of all of their regulations and central points of failure.
yes, they are : Banks and accounting systems use ledgers to track and timestamp transactions. The difference is that the blockchain is completely decentralized and an open source.