Blockchain Training in Coimbatore

 Futures Focus on blockchain technology

• Blockchain is the underlying technology behind cryptocurrencies like Bitcoin. Unlike physical currency, digital cash and cryptocurrencies come with a very real problem called Double-Spending. Let me explain what that is. When I email you a picture of my cat, I’m sending you a copy and not my original picture. However, when I need to send you money online, as much as I would love to send you a copy of it, it’s a bad idea if I really do that! With Bitcoin, there was a risk that the holder could just send copies of the same bitcoin token in different transactions, leading to “Double-Spending”.
• A blockchain is a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data.
• Blockchain has been in a lot of buzz these days. And that is mainly because it is backbone of the very famous cryptocurrency in the world - the Bitcoin.
• Many Governments and leading Banks have decided to bring many of their conventional transactions based on Blockchain concept. The applications and potential of this framework is huge and is considered to be changing the way transactions are made in various domains.

Technology beyond borders:

• Blockchain technology is revolutionary. It will make life simpler and safer, changing the way personal information is stored and how transactions for good and services are made.
• In the context of security, both transparency of the system and immutability of the data stored on blockchain comes into play. Immutability in computer science refers to something that cannot be changed.
• Once data has been written to a blockchain, it becomes virtually immutable. This doesn’t mean that the data cannot be changed – it just means that it would require extreme computational effort and collaboration to change it and then also, it would be very difficult to cloak it.
• Blockchain technology creates a permanent and immutable record of every transaction. This impenetrable digital ledger makes fraud, hacking, data theft, and information loss impossible.
• The technology will affect every industry in the world, including manufacturing, retail, transportation, healthcare, and real estate Companies as Google, IBM, Microsoft, American Express, Walmart, Nestle, Chase, Intel, Hitachi, and Dole are all working to become early adopters of blockchain.

Data role With blockchain:

• Data can act just like a physical object. Through a physical process called “tokenization,” blockchain makes it possible for a data “asset” to exist in the digital world just like a physical object does in the real world. Virtual and real become indistinguishable.
• Intermediaries are not needed. All exchanges of information happen as intended. Blockchain creates an (almost) absolutely reliable method for transmitting information. Party A (who really is Party A) sends item X to Party B, who gets exactly what was expected, every time. With the exchange process inherently and verifiably valid, nobody needs to vouch for anything. Blockchain technology, once information is captured accurately it never needs to be verified.

Operational processes can focus on first-time accuracy instead of ongoing validity, and there is never a need to reconcile anything chain

Evolution into, new alternate implementations:

• This technology has great implications for the financial services industry as well. On implementing a decentralized databaseor a public registry like blockchain to verify the identities of all parties, no longer will we need to have our transactions stay “pending” for three days.
• Blockchain allows right companies to succeed, by decreasing the number of bad players in the supply chain. Publishers can also gather a vast percentage of the total advertisement dollars arriving the ecosystem.
• The Blockchain technology is still in its beginning; however, this technology should stay here, and all advertisement companies are observing that how blockchain will help to enhance their business.
• Settlement would be instantaneous since the transaction and settlement would happen simultaneously once the ledge