The New Kid on the Block(chain) - Part 2
Trending in 2018
The most active in the cryptocurrency space remain cautiously optimistic, as anything can happen, good, bad and fad. Some do expect a massive dip because there are many players and projects who have yet to develop an actual business model. Nonetheless, excitement continues to grow around the new possibilities blockchain technology brings. Some emerging promising business models to watch in 2018 are RSK, the smart contract solutions for Bitcoin, Request’s decentralized platform for peer-to-peer payments, KyberNetwork, allowing the exchange and conversion of multiple digital assets, Orchid targeting firewalls for a censorship free internet, and Golem, considered a futuristic decentralized supercomputer aiming to become the AirBnB for supercomputing.
Have you ever heard about smart cities where traffic, public services and document circulation are fully automated? The smart city concept integrates big data and the internet of things (IoT) to optimize the efficiency of urban processes and services and connect to residents. One example of this innovation could be light sensors that save electricity and road surveillance costs.
A blockchain is a database that is shared across a network of computers. Once a record has been added to the chain it is very difficult to change. To ensure all the copies of the database are the same, the network makes constant checks. Blockchains have been used to underpin cyber-currencies like bitcoin, but many otherpossible uses are emerging.
Flexible infrastructure allows state and local government to more easily leverage IoT, AI and other emerging technologies. In just five years, hyperconverged infrastructure (HCI) has established itself as an ideal technology for organizations grappling with the complexities of delivering new services rapidly, working with limited resources, managing data centers, moving to the cloud and preparing for the future.
As we round out 2017, the rise of cryptocurrency ranks high on the list for what we will remember in the world of technology innovation.
With so many twists and turns in the plot over the last year, here are a few notable highlights of blockchain adoption for smart development, collaboration, and potential threats, as we watch the drama continuing to unfold.
Disruption is coming to the industry in the form of blockchain technology, which promises to deliver a cheaper and more efficient system of managing logistics. Innovative startups, as well as major incumbent parties, are investing enormous amounts of time and resources in blockchain development.