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Blockchain Technology – A Major Player of the Tech Space



Blockchain’s new CFO – BTC News Online

The business sphere is overcrowded with enterprises that are all set to implement their blockchain strategies. After all, not directing toward Blockchain would be an unwise act which can put many businesses into grave danger. Hence, they have geared themselves up to adopt various applications of Blockchain Technology after going through a profound phase of estimation and analysis to assess its pros and cons.

There is a definite upside to embracing this spectacular invention, however, there is a line of risks involved in taking this step. As they say, there is no gain without a little loss. It is needless to say that introducing a new stack of technology is an already functional environment can lead to hacks, security contraventions along with data loss.

Hence, there is a bunch of questions spinning around the business. Do blockchain protocols own a secure level of maturity? Are they fine enough to be deployed in big-scale ventures? Are business leaders equally comfortable in using this new technology as they are with the older ones?

After giving it an in-depth thought, the top-notch BaasS providers have shown an inclination toward this unconventional technology. They are the biggest fans of Blockchain Technology which can act as a great service model for them. They already possess a significant customer base and seems rational for these cloud providers to bring Blockchain into their vicinity. Take a look at how this initiative is taking a profitable shape.

  1.   Microsoft Azure

It is a commonly known fact that Microsoft is a leading BaaS provider in the market. Until now, it was dealing in Ethereum along with offering services for network fabrics in Hyperledger and R3’s Corda. Now, it has begun to invest in Blockchain technologies by contriving Azure Blockchain Service and the Azure Blockchain Workbench.

  1.   IBM Cloud

IBM plays a core role in maintaining source code for Hyperledger fabric and hence, is a major cloud service provider. Now, IBM has endeavored to become multi-cloud by opening IBM Blockchain 2.0 that can help you run fabric network over several cloud providers.

  1.   Amazon Web Services 

The managed blockchain zone is controlled by Microsoft Azure and AWS is equal capacities. When it comes to choosing which one is better, it completely depends on your acuity. In case, you belong to the finance sector, Azure will go better with your needs while AWS is suitable for industries like insurance, healthcare, and related verticals. 

  1.   Oracle Blockchain

 The Blockchain platform produced by Oracle has based its solutions solely on Hyperledger Fabric. It might not be ideal, however, it offers well-ordered service, such as blockchain explorer, node provisioning along with enhanced security.

  1.   VMWare

VMW made a profound study to analyze the problems with the present blockchain infrastructure. It is associating with Concord to solve these problems which is a trusted, scalable and efficacious infrastructure for smart contracts implementation and consensus. 

These are the biggies of the BaaA market. There is also another line of service companies utilizing the blockchain to offer products which are based on the current cloud computing platforms. They can be perceived as smaller ventures. Organizations in this league are mostly startups that introduce new offerings every month. They encompass a wide array if Blockchain protocols and provide solutions that are vivid and vibrant.

In a nutshell, though the blockchain technology stack exhibits potential, there is still some time for it to take its mature form and become ready for mainstream enterprise acceptance. 

Read More: IBM Adds More Automation To Cloud Migration Factory, Partners With ServiceNow



Blockchain Technology: The New Arsenal to Solve Banking Problems



Blockchain Technology -- The New Arsenal To Solve Banking Problems

Banking and finance industry is neck –deep in problems. From frauds, credit risks, to data breaches, the industry is reeling under mounting pressure to increase customer satisfaction, outweigh competition, and improve its bottom line.

The invention of Bitcoin, cryptocurrency, was a trendsetter in the banking industry. Bitcoin allows peers to share currency across a network, without the need of a central bank. It made banks realize the usefulness of cryptography, transparency and more. Since 2008, when Bitcoin was introduced in the market, it has grown in value. At the time of writing this article, it is valued at $7,107.98

According to a report, 90% of European and United Sates banks experimented with blockchain-based solution in 2018.

Combining banking and blockchain

Blockchain, the technology underlying Bitcoin, is a promising technology for the industry. Blockchain poses solution to resolve several operational challenges, making them more efficient, faster, and result driven. Characteristically, Blockchain facilitates transparency, security, and immutability. Meaning any record on a network will be visible to the people on the network. Secondly, records on the network will be secured, eliminating possibilities of data theft and other data breaches. Further, data modification is an intensely scrutinized process on blockchain. Therefore, data remains unchanged until a consensus is delivered.

Not only this, blockchain has ushered in a revolution, marking entry of new job roles like blockchain engineers. The number of jobs software engineers with blockchain development skills has increased by 517% in the past year, according to Hired.

How does blockchain benefit banking and finance industry?

Banking and finance remains a sophisticated industry with complex processes. Blockchain presents a solution to simplify those processes, streamline operations and make them more convenient. Blockchain clearly has a promising side to it for banking and finance sector.
Blockchain is beneficial to banking and finance for the following reasons –

1. Security — Data security is a primary concern in retail as well as commercial banking. Banks have multiple levels of security layers – front office, middle office, and back office. Data is passed through these layers. Still chances of servers being hacked are still there. With blockchain, this problem is eliminated. As every time data is accessed, it is recorded. Further, chances of being hacked is reduced drastically.

2. Accessibility – To access data at a bank, there are multiple levels which are processed by legacy systems. With Blockchain’s decentralization, it would be easier to access information. This will make the process of accessing information faster. Whether this will lead to any monetary benefit or not can be answered after a period of time.

3. Auditing – Auditing is an expensive and time-consuming process, where compliance officers and executives decide which information to keep and what to share with regulatory bodies to suit the bank’s narrative.

With a decentralized database, government and regulatory agencies can see exactly what the bank has done. As modification of data isn’t permissible on blockchain, it would compel banks to stay honest and ethical in their approach to work.

4.  Jobs – Working with blockchain-based solutions requires a particular set of skills, except banking. These skills are hard to come by unless you are taking a blockchain certification or a course. So blockchain is driving an all-new workforce toward banks. People who are equipped with the skills can find opportunities at banks.

Perhaps, Bitcoin, the first of blockchain-based financial entity would continue its legacy and we will see new trends set banking and finance sector on a progressive path. Let’s wait and see what the future holds for blockchain and BFSI.

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Blockchain and Healthcare: Use Cases Today and Opportunities for the Future



blockchain and Health care

Let’s face it. Quality healthcare services are the need for today. But, in order to bring revolutionary changes in the healthcare sector, the latest technologies must be adopted to realize those aspirations. 

Talking about the latest technologies, Blockchain is one such technology that can yield positive impacts on the current healthcare systems. 

blockchain and health care


For those who don’t know, blockchain is an emerging technology that has taken the world by storm. It is basically a decentralized system that stores transactional data into interconnected blocks. 

Now, there are many use cases for blockchain technology in healthcare sector. And in this article, I’m going to share those use cases to understand how blockchain technology intertwines with the healthcare sector.

Blockchain Technology in Healthcare – Use Cases

The main use cases of blockchain technology in healthcare industry mainly revolve around managing healthcare data. For instance, blockchain can facilitate interoperability on a large scale and aid faster data access.

That being said, let’s check out the specific use cases of blockchain technology for healthcare sector.

1 – Health Data Management

The medical data of a patient can vary from facility to facility. For example, let’s say a patient goes to a clinic for treatment. As per the current healthcare system, the patient’s medical data and given medication will be stored in that clinic only. 

So, next time the same patient visits a different clinic, the medical professionals at the new place won’t have access to all of the patient’s previous medical records. This is basically a critical mishap in the healthcare industry.

Blockchain, however, can bandage this problem quite easily. Blockchain has the capability to create a tech that makes medical records of every single person accessible all over the world. 

The good news is, this blockchain use case is, in fact, very close to coming to reality.

2 – Medical Billing

Medical billing fraud, in the past recent years, has become a very serious issue for hospitals as well as insurance companies. 

What’s even more concerning issue is the fact that the current healthcare billing processes are quite inadequate in identifying fraudulent transactions.

Fortunately, blockchain technology in healthcare has the potential to improve not only billing security and auditability but also increasing billing efficiency.

3 – Clinical Trials

Clinical trials, as you might already know, are done to discover the efficiency of any given treatment, with the goal of curing a particular illness. 

Now, a single clinical trial yields a lot of data that can be difficult to not only track but also prevent from being stolen or corrupted. 

This is where blockchain comes into play. Blockchain technology can help clinical research firms to embed greater transparency, accessibility, and authenticity. In addition, since the blockchain technology is immutable, it leaves no room for data getting stolen or manipulated.

As you just saw, there are many use cases of blockchain for healthcare industry. But, if you’re still not convinced, then here are some more benefits of blockchain technology in healthcare sector.

Blockchain Technology for Healthcare – Future Opportunities

There is no doubt the healthcare industry has advanced to a great level. But just like other things in life, there are many issues in healthcare industry that needs to be addressed. 

Below, we will see how blockchain can help to address some of these issues and what are the future opportunities for the same.

1 – Prescription Traceability

Issue: Fake & misused prescriptions are nothing new. But since this can have grievous effects on a patient’s health, it must be addressed as soon as possible.

Opportunity: Data stored on Blockchain are basically unalterable and therefore it can completely eliminate the counterfeit or fake prescriptions.

2 – Health Data Security

Issue: As we discussed before, health data can be easily manipulated or changed, which is why it’s critical to establish better security standards.

Opportunity: Medical data stored in Blockchain alleviates the risk of data mishandling, which could help to prevent data from being manipulated or misused.

3 – Health Data Interoperability

Issue: Patients data, when moved from one facility to another facility, often becomes sloppy. This basically results in incomplete data transfer, leading to a prescription mishap.

Opportunity: Medical data stored on blockchain technology eliminates the risk of partial information transfer, regardless of the distance between two facilities.

So, these are the main opportunities that blockchain technology has to offer for the healthcare industry worldwide.

Concluding Thoughts…

There are many inefficiencies in the current healthcare system worldwide. These inefficiencies are, in fact, causing many lives as well as serious financial damages to the whole industry.

Blockchain, although, seems a very promising technology, having the capability of solving issues of the current healthcare industry. In fact, entrepreneurs from all around the world have already started integrating blockchain technology in healthcare with the help of some reputed blockchain development companies in many ways.

We will, in fact, soon witness more & more healthcare tech solutions rise, backed with blockchain technology.

Author Bio

Shahid Mansuri

Shahid Mansuri Co-founder Peerbits, one of the leading mobile app development company USA, in 2011 which provides Blockchain app development services. His visionary leadership and flamboyant management style have yield fruitful results for the company. He believes in sharing his strong knowledge base with learned concentration on entrepreneurship and business.

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Top 3 Blockchain Certifications



blockchain certification

There isn’t any industry today that is not familiar with the power of Blockchain and is not eager to explore it. A technology that initially gained prominence as a supportive tool for removing the issue of double-spending from cryptocurrency is now grabbing attention from everywhere.

Bitcoin leveraged Blockchain to eliminate the need for a central authority to confirm all transactions. But, this was just the first success for this technology as there was much more that was left to achieve. Within a few years after its establishment, Blockchain began to attract the attention of a plethora of sectors that realized the countless benefits it had to offer.

Finance was one of the pioneers to adopt Blockchain, but it did not much time for it to transcend this field and move into various other, such as business, transportation, gaming, infrastructure security and so on. If you read about this technology over the internet, you will get to witness how organizations are developing as well as implementing blockchain applications. From banking to real estate to supply chain management, there is a wide array of spheres experiencing this Blockchain fever.

Blockchain effect over banking is something worth witnessing. It has not only reduced transactional time but has also succeeded in minimizing administrative costs and infusing efficiency into all the procedures. So, it goes without saying that there is a wide career scope for people with blockchain skills. In simple terms, if you have the knowledge of this unconventional technology today, you shall be considered within the most prestigious league in the tech zone.

And, the good news for all the aspirants for a Blockchain job is that there are many sources are mushrooming up every day to help individuals grasp the know-how of this unmatchable creation. If you also have a dream of building a career in this dominion, here is a list of some Blockchain Certifications that will help you in this endeavor.

  1. Blockchain for Business 2019 -Udemy

If you are yearning for blockchain knowledge, turn to this course to calm your curiosities about how this innovative technology works, related theories and frameworks and how its implementation can transform disparate industries. This encyclopedic course can enable you to get into the depth of the subject and make well-informed decisions concerning Blockchain projects.

This communicative guide will help you spot critical business opportunities and empower you to work upon unique ideas.

  1. Global Blockchain Leader

Global Blockchain Leader is one of the leading blockchain certifications in the market that has been designed to validate your skills and knowledge of this utilitarian invention. The coursework fabricated by the Central Blockchain Council of America aims to assist individuals in earning a profound understanding of the conceptions, applications, and methodologies that will authorize you to give sensible advice to stakeholders.

The eccentric quality about GBL is that it bestows you with the knowledge of choosing the right framework for enterprise adoption and also makes you capable of facing governance and societal challenges connected with this technology.

  1. Blockchain Certification from State University of New York

This comprehensive program on the blockchain will strengthen your skills for performing programming on Ethereum. You will have to pass through four layers of knowledge to complete this course. Each layer will encompass critical concepts, techniques, and principles related to decentralized applications and cryptographic underpinnings. Acquiring this certification is the best pathway to becoming an expert in developing and executing smart contracts. This course will also steer you in constructing a multitude of frameworks associated with this domain.

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Top 5 sectors that will be benefited by Blockchain



If your business has not gone digital or you haven’t heard of Blockchain technology, you are probably living under a rock that has not yet been hit by the storm. Blockchain is one of the most disruptive technologies today, which has the potential to change our lives for better. With any new technology, there are insecurities among people, and early adopters are to benefit here. This benefit is because they know more about the technology and can leverage this to catapult their business to unprecedented success.

Bitcoin was the word that put Blockchain on the lips of the common man. As you might know, Bitcoin is a cryptocurrency, a digital currency which is not controlled centrally, because everyone collectively controls it. Because it is not controlled by any government and chances of duplicity and fraud happening in a bitcoin transaction was mere to none. The cryptocurrency gained huge momentum, and its value was once pegged at $1000. But, more interesting than Bitcoin is the technology behind it, Blockchain.

In the Blockchain technology, a ledger records all the transactions between all stakeholders. The benefit of Blockchain technology is that the ledger is permanent (cannot be altered or deleted or overwritten), open (anyone in the system can view it) and distributed (every computer in the network has a copy of the ledger). For example- In bitcoin, whenever someone transfers 100 bitcoins to your account, the ledger which is maintaining the bitcoin transactions between the two of you would be automatically updated in a decentralized bitcoin transaction chain, with a time-stamp.

The remaining balance of bitcoins in both of your accounts would also be updated simultaneously, and all these transactions are verified by thousands of bitcoin “miners” spread across the world.

The bitcoin mining software which is installed into these mining computers verifies a “private” key which is a secret set of 64 characters, numbers and symbols which is sent by both the sending and receiving wallets. The private key is not visible to anyone and is securely stored in the bitcoin wallet of the user.

Once verified the mining software adds “blocks” containing the details of the transaction to the ledger. Thus, an entire chain of time-stamped blocks is created, and no-one can delete it. Apart from this, no user can add consecutive blocks to the ledger, and this blocks another point of rigging the system.

Hundreds of startup are experimenting with the Blockchain technology in various industries and sectors, ranging from government records, bank transactions to health records.

Let us explore the various areas where Blockchain has the potential to change our future for good.

Banking and Finance Sector

Big banks like JP Morgan Chase, Citigroup, Barclays, Wells Fargo are slowly but surely waking up to the power of Blockchain technology. They are future-proofing themselves by investing millions of dollars in developing their Blockchain-based systems. JP Morgan Chase has developed a new Blockchain-based system which would speed up the transaction times by reducing the number of parties involved in verifying a transaction. The Intercontinental Exchange, a company which owns the world-famous New York Stock Exchange, has invested in Blockchain technology. The Blockchain technology can prove to be a boon for the Banking and financial sector, as it gives an impregnable level of security and a high level of transparency in financial transactions.

Financial institutions are mulling over adopting Blockchain for updating the KYC details of the customer. As the record in a Blockchain system is transparent and irreversible, uploading KYC details in a shared ledger through which an independent verification of KYC documents once done by one bank can be accessed by other banks, thus eliminating the need for re-verification of KYC documents.


Logistics and transportation is another potential area which stands to benefit from Blockchain technology. There is a major communication problem in the international logistics industry with multiple stakeholders like carriers, forwarders, agents, terminals, haulers, shippers, customs officials involved in the process. It is a headache to keep track of the package without the intervention of computers. The application of Blockchain in the documentation process of shipping and logistics can help in increasing efficiency and in reducing the costs. Companies like Everledger are changing the paradigms of doing business in the diamond industry by leveraging the power of Blockchain technology. Everledger ensures that each point of transaction right from mining to retail sales of the diamond is electronically verified in an open ledger. In this manner, customers can be sure that they are buying real diamonds from conflict-free areas.

According to an estimate, around $140 billion are tied up in the transport sector. Using Blockchain in transportation could improve the clearance of dues.

Real estate

The real estate sector has been technologically averse, traditionally but with the onset of Blockchain technology, this scenario is bound to change. Paper records can be tampered, while tampering a Blockchain record, is next to impossible. Taking advantage of this feature, the entire process of record-keeping in real estate can be shifted to a Blockchain-based system. This would ensure that there is no fraudulent transaction in the process. The cost of documentation would be drastically reduced with various intermediaries like the title companies and real estate lawyers being replaced with smart contracts at some places. These smart contracts are executed once all the conditions of the transaction are met, leading to a rule-based system which is protected from Human errors.

Another potential application of Blockchain in Real Estate would be using Blockchain in conducting online property searches. Many times it is seen that in third Party real estate platforms like Zillow, the property listed on the website is sold, but the information has not been updated on the website. To eliminate this issue Blockchain can be integrated into such applications, creating a shared ledger of properties with all the details like price sold, date sold, the names of the buyer and seller. This would ensure accuracy in the data regarding properties. An online real estate platform called Imbrex is using Blockchain in this manner.


Governments all across the world have been plagued with corruptions scandals since time immemorial. Blockchain has the potential to stop this by introducing a public ledger for all the government services. For example, the bidding for a government contract can be recorded in a Blockchain to prevent corruption. Governments of countries like Estonia, Georgia, and Sweden have started experimenting with Blockchain technology by introducing it in their land record management. The distrust among the public decreases when the record is un-alterable and open for all.

The security of data in government organizations can be increased by implementing Blockchain. Governments are large holders of data and hence are the prime target for hackers. Applying Blockchain, the failure points of data can be distributed, therefore eliminating the chance of a large scale data breach. Agencies such as the Department of Homeland security in the U.S.A are investing millions into Blockchain technology.

Pharma industry

There is a thriving market for fake drugs worth $30 billion all over the world. Counterfeit drugs are a menace that threatens to kill the Pharma industry. There is an unprecedented rise in the number of pharmaceutical crime-related incidents.


(Image courtesy:

If we have a supply chain system of pharmaceutical products which is based upon the Blockchain technology, then this problem of counterfeit drugs can be tackled effectively. Using

Blockchain technology can be implemented in drug trials. Applying Blockchain technology, the drug trials can be expedited, leading to shorter drug discovery cycles. Around 6 in 10 big Pharma companies have already started experimenting with Blockchain. When you use Blockchain, the data security of participants is ensured, which means that more people would be interested in participating in clinical trials by providing their data.

Companies like Medileger are already building industry-owned blockchains for the pharmaceutical sector.

Uganda is using Blockchain technology to track counterfeit drugs.

With the rapidly changing technology and business environments, it has become inevitable for the businesses to be on their toes. Thus, data securing becomes an important aspect, and including Blockchain technology is a must. It can be used in various industries and sectors right from the government to private. Blockchain will form a digital ledger that will be used in recording all the transactions in secured blocks.

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Various Audio Content Sharing Platforms On Blockchain



blockchain based platforms
blockchain based audio content sharing platforms

The need to share content has now become common and there are several aspects associated with the same before deciding to share. One of the most vital aspects is the security of the content which cannot be compromised. With a view to ensuring complete security of the content sharing process, there are several blockchain-based platforms developed. If you are perplexed about blockchain then it is the contemporary technology that has laid a positive influence in almost all sectors. Since every business demands transparency in their business, the blockchain is a reliable answer for that.

To know more about blockchain, read this.

The blockchain platforms streamline the process of content sharing and also ensure comprehensive security. Whether you are an excellent listener of news or speeches, want to watch videos or read text, the decent blockchain-based platform will aptly fulfill these needs. The below section will introduce you to different content sharing platforms on blockchain:

1. Contentbox:

Contentbox is a blockchain infrastructure dedicated to the digital content industry. It seamlessly empowers a decentralized digital content ecosystem. The Contentbox is hyped because it is a global blockchain platform dedicated to the digital content industry; it records 17+ million users. The challenges prevalent in the present day content industry will be eliminated by Contentbox.  Some of the challenges like high cost transferred to consumers, no reward for content curation, and resort to pirating content are prevalent in this industry. With this platform, such challenges will not be faced.

The prominent reason to choose Contentbox is it facilitates a unified payout system, a shared content pool, as well as, a shared user pool. It supports BOX payout that adopts fast and secure blockchain technology to accomplish multi-party contingent payments. Contentbox supports BOX passport which is essentially a blockchain-based identity and attribution service over multiple applications. Through the BOX Unpack, this platform provides the turn-key solution for small as well as medium-sized partners to establish a content platform effortlessly. Since the platform is backed by 108 of the world’s leading crypto funds, Contentbox supports top growth token. It is alternatively referred to as a decentralized solution to surpass Netflix and YouTube pioneers.

2. REOS:

REOS is recognized as the world’s first blockchain-based cryptographic exchange specially dedicated for digital content. The existing problem in the content industry is that social media platforms regulate content delivery and receive a massive cut from the advertising revenue. Majority of the content creators are incapable to earn enough money which restricts the selection of high-quality content. In order to resolve this problem, REOS presents a decentralized content platform that boosts the earning for content creators via the tokenization of digital content.

This wonderful blockchain-based platform uniquely adds value to digital content. This is because it seamlessly supports content discovery & exposure. In its working, everybody interacts over a content piece by commenting and reviewing while the content promoter kicks off the content validation procedure. All the linked people will be benefited by receiving tokens. It is known that REOS supports the community-based content validation process and comes with an AI engine to decide the value and projected sales.

The working process of REOS is unique because the content is securely issued, distributed, and exchanged as tokens. The corresponding revenue could be produced with license, sponsorship, pay-per-view, and tipping. It is observed that the majority of the revenue goes into the pocket of the content creator. This platform will charge a small transaction fee and incentivize the content promoters.

One of the key benefits of using REOS is content validationThe content promoters curate content and execute the content validation procedure. The users assist to validate content by voting and get rewards in terms of REOS tokens. Moreover, the content promoters could be re-elected by users, guaranteeing a fair platform execute solely by its members. In this platform, every member has a great level of control over the privacy of their information.

3. PodMiners:

PodMiners is basically a blockchain-based digital radio for podcasting and broadcasting. The platform provides live broadcasting along with live calling and pre-recorded audio upload features. By integrating the blockchain, this platform will be more secure and transparent. Moreover, its operation is made user-friendly to serve an excellent experience never before. With this platform, you can create your own radio station and conveniently share your ideas and opinions. It is this platform that has the potential to discard the prevailing issues of the radio industry like advertisement frauds and fake reviews.

The platform targets to assimilate the advertisers model the following year. Through this, it will be streamlined for the advertisers and the content creators to earn money. From this platform, the participation of the third party is removed for the transactions and also micro-payments would be permitted.

It has strengthened the confidence of the content creators and even the person listening to the podcast will be capable to review the content. Earlier the fakeness was the largest concern severely influencing the online reputation of the content creators but the same will be eliminated by this platform.

4. Steem:

Steem is a social blockchain that empowers communities and opportunities. It assists to grow the communities and facilitate instant revenue streams possible for users by aptly rewarding them for the purpose of sharing content. Currently, Steem is the only blockchain that can power real applications. In its working, the intelligent bandwidth allocation allows free transactions and the transaction processing takes place every 3 seconds. It builds new token-based economic models that explore opportunities for people to fulfill their passions with success through cryptocurrency rewards.

Concluding Note:

While sharing the content of different types, these discussed platforms make sure the entire process is secure and efficient. These platforms are blockchain-based and they all have similar intention to benefit the content creators and advertisers uniquely.

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