The future of blockchain technology

What is a blockchain?

The term blockchain has been used in numerous social and corporate conversations in recent years, and everyone seems to have heard of blockchain technology, but most of the population does not know what it really means.
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Blockchain technology allows us to give you a brief overview of the history of how money transactions evolved to clearly explain what it means. Historically, whenever people exchanged valuables, there were middle men whose sole purpose was to record the truth of both sides and to build trust between them. At present these middle people are known as banks. Banks and brokers continue to be used over time, and with the rise of digital assets such as stocks, electronic money and intellectual property, more secure approaches are needed. This is because digital resources are usually files in a computer which is therefore risky for manipulation and theft. Thus the use of blockchain technology enables the parties to transact openly and transparently and ensures that the exchange is secure and efficient.

The future of Bitcoin

Blockchain has the potential to completely disrupt the financial industry the way social media disrupted mainstream media or the way Netflix destroyed blockbuster films. Blockchain technology has the potential to be used as a platform to provide financial services to everyone in the world, including people in developing countries who may not have access to traditional banking services and cannot afford the rates required to make large transactions. . This technology has great potential for success in almost all large industries that are usually run by large corporations.

Use of blockchain technology in education

Blockchain technology can be used in education if students really need the scholarship and who can afford it. This is because some students are bypassing the system and financing. This will actually be detrimental to the needy students who eventually drop out or accumulate a lot of debt which forces them to work for almost.
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After all, huge populations may now be hiding their heads in the sand because they want to get out of the blockchain, but this piece of technology is definitely not going anywhere. In the near future we will all trade using blockchain as part of our daily activities. Our grandchildren will read about money and ATM machines just as we read about exchange trade and gold. So it is imperative that we jump on the bandwagon as soon as possible and adjust before being forced to adjust.


Enterprise Blockchain Solutions: What Can They Do for Your Business?

Despite the popular belief that blockchain technology is only designed for cryptocurrency transactions and bitcoin monetization, blockchain continues to enter many areas of life: social media, gaming, healthcare, real estate and more. The technology seeks to enhance work efficiency, reduce costs for businesses and improve the customer experience.
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Blockchain can be defined as a digitized database and belongs to the digital laser technology (DLT), which does not imply any central data store or administrative functionality. Why is this an advantage for an enterprise? Decentralization with transparency allows each individual participant to view all recorded data, ensure its security, and track important information.
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Here the blockchain has already entered and proved that it is worth relying on this technology.

Supply chain management, for example, is a major but weak part of the workflow of many companies. The parties involved in the process often do not communicate directly with each other and still apply paper-based methods of data collection and storage. Blockchain proposes to eliminate paperwork altogether: document flow is automated, and digital certification is employed. More importantly, each authorized member of the supply chain can track the product from the manufacturer to the consumer and prevent counterfeit delivery.
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Several American retail giants who have experienced an outbreak of foodborne illness and have withdrawn more food have applied blockchain technology to their food supply chains. Previously, it took a minimum of 7 days to track a product, and these days a food item can be marked for a few seconds.
Thus, blockchain solutions have made the withdrawal process faster, more efficient and cost-effective. Meanwhile, customers have also gained the experience of adopting blockchain in their hypermarkets. In Walmart’s Chinese stores, for example, they can scan the QR code and get all the information about the product: from the location of the farm to the inspection certificate.
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Healthcare is an area where blockchain-based solutions have established themselves as a highly secure and transparent way to keep electronic health records (EHRs). Both the doctor and the patient get permission to access the records and use them if necessary. At the same time, blockchain solutions are powered by smart contracts that enable EHR data privacy protection. Healthcare device data and clinical research are encrypted, insurance can be executed and saved, too. Another use is prescription drug and equipment supply chain control.
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E-commerce needs increasingly blockchain technology. Again, the supply chain is an important aspect here: monitoring products and managing supplies is often a challenging task but helps blockchain businesses manage their inventory more efficiently. Consumers who trust their money and data to e-commerce companies are concerned about data security and transparency but blockchain development can solve this problem. Even the slightest change in a blockchain transaction is obvious, and tracking who did wrong is no longer a problem. Crypto payments are also possible.
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The next field is actually related to cryptocurrency transactions. DeFi, abbreviated to decentralized money, refers not only to the transfer of common assets, but also to more complex financial use. Implementing blockchain contributes to the elimination of intermediaries and, consequently, reduces costs. The encrypted and unalterable, multi-step authentication process makes all transactions difficult for unauthorized members to access the system. Recent innovations include opportunities for P2P lending services and digital banking.
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Social media is likely to be affected by the blockchain. In addition to its global popularity and ability to connect people around the world, social media is still vulnerable to account hacking, identity leaks and copyright infringement. To address these issues, blockchain authors provide rights protection, digital identity verification, and neutral licensing.
Real estate, e-governance, the gaming industry and many more have joined the wave of blockchain adoption. Once you’ve chosen to innovate your business, assign the responsibility of implementing technology to one of the enterprise blockchain companies that will create a future-proof enterprise DLT for you. Through blockchain, your business will change the rules of the game in your field.


Blockchain technology can be the next big thing in food

When we plan our editorial calendars, we try to schedule time for major events in our industry so that our coverage is timely.

So, after planning the May 2018 issue and seeing that FSMA’s Sanitary Transportation of Food (STF) rule would take effect a month ago for small and md-sized businesses, I thought STF would probably be something among individuals. Want to know more about the industry.
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What I didn’t plan a year ago is how much experts in the field want to talk about blockchain technology. Looks like I’ve received an e-mail with the word blockchain at least once a week in the last few months. While the Internet of Things is not as ubiquitous as the phrase, it is certainly a new buzzword.
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I still don’t have a subtle way of describing blockchain technology, as I did for IoT আমি I would describe it as your toaster that has a Facebook page and a status update posted on your fridge. All I can do now is quote other definitions that describe it as a digital, distributed ledger.
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When I started interviewing people for STF articles and the blockchain kept coming, I was really familiar with it in terms of bitcoin, which uses technology to fuel the cryptocurrency payment system. To get a better handle on all of this, I approached a person I know who owns Bitcoin আমাদের the IT support admin in our office. We had an hour-long conversation about the trend, and when I talked about the blockchain in terms of food security, he got a spark in his eye and said, “Yeah, I can see how that works.”
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I met with the same enthusiasm when interviewing several experts on the application of blockchain technology to ensure food security throughout the supply chain. Experts envision it as a truly end-to-end communication and verification of the ability to unlock food safety equipment, used across supply chains from farmer to retailer, making all information visible by all parties.
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Blockchain is a transformative technology to look forward to in the next few years. Some of the others are artificial intelligence and mixed (virtual and augmented) reality, which are especially useful for plant activities.

If you’re thinking, “Yeah, these ideas aren’t new,” I hear you say, but what the game can change is the sophistication of the technologies and how they will be applied and used in modern manufacturing facilities.

Also, another important thing to consider is that this 5G is coming soon, and it could open up a lot of opportunities for people, tools and equipment to connect.

10 mobile app development trends set to transform technology space in 2018

As the year draws to a close, mobile app development is moving forward with a list of innovative trends that are set to hit the market for years to come. Sometimes innovation may refer to small iterations in existing technology, but for others, it may fully describe large overhauls and transformations.

Mobile apps, by their very nature, have always been at the forefront of problem solving “but now the consumer experience is dominated by recent trends. This technology-savvy age has already taken a huge leap in understanding users’ pain points and needs and it is not surprising that we Now equipped with many underlying technologies, solutions and ideas we think more about simplifying the existing process.This may be possible when we keep pace with the upcoming trends.

Here are five hot mobile app development trends for you that are going to take a top spot next year.

1. Augmented Reality (AR)

Both augmented reality (AR) and virtual reality (VR) have taken the entertainment and gaming industry by storm. Nothing can stop AR technology in mobile applications from gaining new momentum in 2018.

2. Blockchain

A survey conducted by IBM found that nine out of ten government agencies are planning to invest in blockchain for the purposes of financial transaction management, asset management, contract management and regulatory compliance. However, another study by Infosys says that in 2018, one-third of banks are expected to adopt a commercial blockchain. This proves that there is no limit to the security requirements.

3. Artificial Intelligence (AI)

Through advanced analysis, cognitive interfaces in complex systems, and the use of machine learning technology, AI will clearly provide business users with access to powerful insights that were not previously available to them.

4. Cloud Tech

Cloud technology that offers key benefits such as streamlined activity, reduced equipment costs and hosting, increased app storage capacity and increased productivity and collaboration aims to dominate 2018. Are you still together Don’t miss out.

5. Internet of Things (IoT)

The well-known technology that must have created a special place in our family or home and given it the title of so-called smart home is now driven by a big change, analysts say. Let’s wait and see what it turns out next year.

6. Business bots

If you work on B2C / B2B and do not develop your own SAAS application, bots will become irreplaceable for you. Optimized business processes, minimal costs and increased profits give them the 2018 technology tier.

7. Lazy loading

We’ve all abandoned apps or websites that take too long to load images. But now with the lazy loading trend, it will no longer be. Now the image will load as soon as the page is launched. Really smart.

8. Android Instant Apps

Android Instant Apps allows Android users to run your apps instantly without installation. Additionally, it allows users to enjoy beautiful and immersive apps with component design and smooth animation without having to install them on their device. The coming years to rule the newcomers again!

9. AMP (Accelerated Mobile Page)

AMP will enable developers to create fast loading websites and mobile apps. This will reduce the bounce rate and increase the performance level on different mobile devices.

10. Safety and security

With the rapid evolution of the mobile app industry, 3rd party SDKs are gaining ground and apps are gathering more information which increases the risk, vulnerabilities and security breaches. This dilemma certainly calls for security and safety solutions as a great need.

The market is more concerned with potential new market value, innovation and something that has never been seen before. Mobile App Development Trend 2018 is ready to disrupt the technology sector again. Let’s see how fast they move forward.

Source by Anuradha Badone

How can blockchain banking increase your profits?

Every industry is revolutionizing the digital economy through technology and this has led to massive changes. The banking industry is no different. Banks have successfully embraced the future of digitalisation. We are at the top of a radical revolution and still mostly unconscious. Even people who appreciate the potential of blockchain technology often see nothing but Bitcoin. Once a person digs deeper and understands how blockchain works and its effects they will inevitably realize its importance.

A blockchain is a distributed ledger that maintains a comprehensive and unedited record of all relevant information related to a digital transaction. This book allows you to settle transactions instantly and firmly. Blockchain is a blockbuster in banking because it reduces the time it takes to complete a payment and eliminates unnecessary processes. Blockchain technology has the potential to destabilize banking. In a world where billions of people do not have access to banks, blockchain technology can have a profound effect. Residents of developing countries with limited access to banking will have the opportunity to create an account and transact internationally. This will enable citizens to make a secure and reliable transaction between participants without the need for a central observer or mediator.

It is not surprising that financial institutions are exploring the unique capabilities of blockchain. Financial institutions can use it to gain better insight into the market and to increase transparency. Blockchain technology can reduce a bank’s infrastructural costs and enable faster processing time. Data management is a big problem in banking, but with the help of blockchain technology, banks can store any kind of data and allow access to that data only according to predefined rules.

Trade finance is a major sector in banking that can be transformed by blockchain technology. Outdated processes in the banking sector need to be updated in terms of cost and efficiency. Blockchain is the best platform to bring teams together in a secure network without any third party and every transaction can be done securely.

Blockchain efficiency, cost-effectiveness and the essential features of secure transactions are some of the reasons for the growing popularity of this technology in financial institutions. Blockchain technology has the potential to transform the entire banking system. But more needs to be done for financial institutions and residents to be fully aware of the impact and benefits of blockchain. However, there is no doubt that blockchain technology holds the key to the improvement of the banking system. The use of this technology can bring many effective benefits to the banking industry.

Source by Garima Jeph

What is Ripple and why has its value increased so fast?

With a 35,000% increase in value in 2017 and a market cap of over $ 118 billion, Ripple has become an equally controversial topic among analysts and investors. But, what is Ripple? Is it like other cryptocurrencies? Why is there a fire lately? Keep reading to get answers to these questions.

1. What is Ripple?

Ripple is a payment solutions company founded by Chris Larsen and Jed McCaleb. Their Ripple Transaction Protocol (RTXP) contains cryptocurrency XRP. Ripple claims to provide fast, reliable, and affordable transaction solutions for financial institutions. The company has generated 100 billion XRP and it currently holds 61% coins. The current plan is to issue one billion coins per month.

2. The difference between Ripple and Bitcoin

Bitcoin and Ripple are both cryptocurrencies that use blockchain technology. However, there is a fundamental difference between the two: unlike Bitcoin, Ripple cannot be mined. The currency is not set up as a mining currency, and its use is fixed in the ripple network.

Both Bitcoin and Ripple use valid nodes to verify the ledger. Bitcoin has about 10,000 trusted nodes, while Ripple has only five. However, the company plans to add 11 more in the next 18 months. Five valid nodes are controlled by ripple. XRP has received criticism for the absence of independently trusted verifiers. The XRP laser is available to everyone, so anyone can download and verify it. Many companies run their own nodes on the Ripple network.

3. The reason for the recent price increase of Ripple

The recent rise in the value of XRP has a lot to do with the expected use of financial institution’s currency and the investment of trusted investors. Ripple has succeeded in gaining the bank as a customer for its other products. Ripple’s xCurrent is preferred by financial institutions because it offers real-time communication and quick correction, thus reducing bank transaction delays. The company plans to include a new product, xRapid, XRP. They see the new product as an opportunity for banks to use XRP. Investors see the potential of money as a financial vehicle used by banks worldwide.

Ripple, or more accurately XRP, is a growing cryptocurrency. It differs from the leading digital currency Bitcoin because its supply is regulated by the founding company. Ripple is banking on banks adopting it in the future. One might assume that the recent rise in the value of Ripple will provoke further controversy about its effectiveness as a cryptocurrency asset.

Source by Sal J

How to trade cryptocurrency – The key to investing in digital currency

Whether it’s the concept of cryptocurrency or the diversity of their portfolios, people from all walks of life are investing in digital currency. If you are new to the concept and wondering what is going on, here are some basic ideas and considerations for investing in cryptocurrency.

What cryptocurrencies are available and how do I buy them?

With a market cap of about $ 278 billion, Bitcoin is the most established cryptocurrency. Ethereum is in second place with a market cap of over $ 74 billion. In addition to these two currencies, there are many more options, including Ripple (28B), Litecoin ($ 17B) and MIOTA ($ 13B).

Being the first in the market, there is a lot of exchange for bitcoin trading around the world. BitStamp and Coinbase are two well-known US-based exchanges. Bitcoin.de is an established European exchange. If you are interested in trading other digital currencies with Bitcoin, this is a crypto marketplace where you will find all the digital currencies in one place. Here is a list of exchanges according to their 24-hour trade volume.

What options do I have to save my money?

Another important consideration is saving coins. An alternative, of course, is to store them on the exchange where you buy them. However, you need to be careful when choosing an exchange. The popularity of digital currencies has led to many new, unknown exchanges popping up everywhere. Take the time to do your best so you can avoid scammers.

Another option you have with cryptocurrencies is that you can save them yourself. One of the safest options for saving your investment is a hardware wallet. Companies like Laser also allow you to store bitcoins and other digital currencies.

What is the market like and how do I know more about it?

The cryptocurrency market fluctuates a lot. The volatile nature of the market makes it more suitable for long-term play.

There are many established news sites that report on digital currencies, including Coindesk, Business Insider, Coin Telegraph, and Cryptocoin News. In addition to these sites, there are many Twitter accounts that tweet about digital currencies, including itBitcoinRTs and ltAltCoinCalendar.

The goal of digital currency is to disrupt the traditional currency and commodity market. Although these currencies still have a long way to go, the success of Bitcoin and Etherium has shown that there is real interest in the concept. Understanding the basics of cryptocurrency investing will help you get on the right track

Source by Sal J

How emerging technologies are shaping the future of the global economy

With the world on the brink of a digital revolution, innovation is disrupting our way of doing everything from using tools and gadgets to performing financial transactions.

New resource class

The digital economy is growing rapidly around the world. The current digital economy is characterized by the creation of new asset classes and the digitization of traditional assets. Emerging technologies, such as blockchain, artificial intelligence (AI), the Internet of Things (IoT) and 3D printing, are playing an important role in this growth.

New technologies have the potential to dominate the world economy in the future. Blockchain, for example, has virtual coins and tokens whose popularity has grown rapidly in a short period of time.

Big players are entering the game

Blockchain enables users to transact securely and much faster than traditional methods. Blockchain features have attracted many prominent technology and finance companies, including IBM, Oracle, JPMorgan Chase and Boeing. For example, IBM recently launched a dollar-backed cryptocurrency called Stronghold USD in partnership with Stronghold, a financial technology company. This virtual currency is an example of how consumer confidence in a traditional asset (in this case fiat-currency USD) is used to support a digital asset.

There are also instances where companies are combining two new technologies to provide solutions for the future. Aerospace giant Boeing recently announced a partnership with artificial intelligence company Sparkcognition to create a blockchain-using traffic management solution for unmanned aerial vehicles.

Game changer

Asset tokenization is not limited to traditional assets such as currency. New markets can use the underlying value of different types of assets to provide security tokens. Blockchain security can be a distinguishing factor between tokens and traditional securities. The use of smart contracts in blockchain eliminates the need for an intermediary, thus reducing transfer costs. This usability of blockchain has the potential to significantly affect the traditional banking system. It can also eliminate the need for money as a medium exchange, as all resources are liquid, instantly available and divisible.

Automation and artificial intelligence have already made their mark in many markets. Trading algorithms have surpassed human traders. In the manufacturing sector, machines have taken on many functions previously performed by humans.

Need for a new framework

In this rapidly changing economy, it is no longer possible to rely on traditional models and decision-making methods. To keep pace with new developments like DAO, AI, VR, P2P and M2M, we need to create a new framework. In other words, we need to move beyond Munger’s mental model and focus on digital models, such as network theory and index growth models.

The digitization of our economy is accelerating. Over time, we will get a clearer picture of what developments will dominate this new Web 3.0 economy, but it is clear that this economic revolution is happening worldwide.

Source by Sal J

What are the benefits of Internet of Things, blockchain and its business?

The concept of the Internet of Things is growing rapidly and is becoming more and more important for professionals to understand. Not many people know about IoT (Internet of Things), what IoT platform is, how it can be used to improve business strategies. So Exactly whatInternet of Things?

The Internet of Things is an ecosystem of connected hardware devices that can be easily accessed using the Internet. The ‘thing’ in IoT is a person wearing a machine with a smartwatch or built-in sensor, such as an interconnected computing device that has the ability to collect and transfer data across a network without manual assistance or intervention. The technology integrated between the devices helps them to communicate with the internal state or external environment, which in turn influences the decisions taken. Let’s take a look How does IoT work?

An Internet of Things system integrates four components: sensors / devices, connections, data processing, and a user interface.

  • Sensors: Collects external data from devices and forwards data to the cloud.
  • Connection: All devices need to be connected to the cloud using various methods such as Wi-Fi, Bluetooth, Internet, Ethernet, etc. Which method to connect depends on the specific application.
  • Data processing: After receiving data in the cloud from specific devices, the software processes the data and takes a step to automatically send alerts and adjust devices without the need of the user.
  • User interface: Device-sent alerts will allow users to monitor the system and make any adjustments to the data sent back to the cloud and to the device.

The IoT platform enables cloud-based applications and services:

An IoT platform is a versatile technology that facilitates the complex delivery, execution and automation of connected devices within the Internet of Things universe. It specifically connects your hardware, albeit to the cloud using different, flexible connection preferences, enterprise-grade security methods, and large data processing capabilities. The IoT platform can also be referred to as middleware, which connects remote devices with user applications and handles all interactions between hardware and application layers. The IoT platform recognizes its core business standards, enabling standard devices with cloud-based applications and services.

As the number of smart and wearable devices continues to grow worldwide, IoT is expanding. While its progress is exciting and guarantees a change that will affect the world in many ways, it is not without its flaws and has raised some doubts about its security. Another upcoming technology, blockchain, may be the answer to these security concerns.

Blockchain is nothing more than a distributed laser technology, which can be considered as a solution to the security challenge. Blockchain technology makes it possible for intermediaries to be cut off and transactions made directly; It records those transactions cryptographically, so once recorded they cannot be changed or modified. Blockchain technology has spread its wings in every industry and has a myriad of applications. In the event of a security breach on the IoT, the blockchain may resolve various pain areas. But, why blockchain technology is needed to secure IoT data flow?

  • IoT can be secured using blockchain:

All IoT devices are connected to the Internet which makes them vulnerable to hacking or cyber attacks. Devices like smart watches, smart devices, smart light bulbs, thermostats, etc. are regularly updated and updated which makes them highly sensitive. The risk of attack will continue to increase with the advancement of technology but without blockchain. Blockchain integrated IoT is secure and able to prevent any cyber attack. Because blockchain records transactions, stores data in a decentralized location and cannot be changed or deleted, it is an effective solution for secure devices.

  • Blockchain Is Cost effective:

Security makes it the perfect architecture for IoT. This reduces the single point of error, creating a more sustainable ecosystem for running devices. Blockchain IoT can keep a precise, completely secure record of messages sent between smart devices, enabling the autonomous functionality of smart devices without the need for centralized authority. Automates blockchain processes. It is decentralized, with no intermediaries. This means that blockchain technology can reduce costs by conducting operations directly. There is no need for a third party to get involved and the money saved can be used for other important business matters.

But that’s just the beginning, and the Internet of Things is a hyper-connection to the business world. With the Internet of Things, you can monitor, evaluate, and automate in ways that greatly improve processes and create new business models. As you can see why IoT requires a blockchain, now let’s take a look at the benefits of IoT for an organization:

  1. Data Powered by Blogger Decision: The more data, the easier it is to make the right decision. Understanding which components are needed and which parts you have run out of is not only time consuming but also effective.
  2. Save time and money: Due to monitoring, the number of trips is wasted. It’s economical, because the technology can easily replace people who are in charge of monitoring and maintaining supplies.
  3. Increase business potential: IoT creates new business opportunities and helps companies benefit from new revenue streams created by sophisticated business models and services. IoT helps to innovate, reduce marketing time and increase ROI.
  4. Increases organizational productivity: Productive results play a key role in the success of any business. Provides timely training for IoT workers, increases labor efficiency and reduces organizational productivity as well as reduces skill disparities.
  5. Improve customer experience: Consumer insights can help you make informed decisions about when to target someone and with what budget to back it up. IoT technologies replace quantitative data with qualitative data, which helps you better understand the customer at the end of your customer cycle.

Source by Sahana Kanjula

Blockchain and IoT – How "Crypto" Probably going to Herald Industry 4.0

Although most people are beginning to learn about “blockchain” simply because of Bitcoin, its roots – and its applications – go much deeper.

Blockchain is a technology in itself. It empowers Bitcoin, and this is why * many * new ICOs have flooded the market – creating an “ICO” is ridiculously easy (no barriers to entry).

The point of the system is to create a decentralized database – which basically means that a network of computers (usually managed by individuals) is able to operate, regardless of the choice of “Google” or “Microsoft” for storing data. In the same way as a big company.

To understand its impact (and thus where the technology can take the industry) – you need to see how the system works at a basic level.

Created in 2008 (1 year before Bitcoin), it is an open source software solution. This means that anyone can edit and download the source code. However, it must be noted that the central “repository” can only be modified by certain individuals (so the “development” of the code is not essentially free for everyone).

The system is known as the Merkel Tree that works – a type of data graph that was created to provide access to versioned data on a computer system.

Merkle trees have been used to great effect in a number of other systems; Most notably “GIT” (source code management software). Without being too technical, it basically saves a “version” of a set of data. This version is numbered, and thus can be loaded at any time if a user wants to recall the older version. In the case of software development, this means that a set of source code can be updated on multiple systems.

The way it works – saving a huge “file” with updates to a central data set – basically powers the choices of “Bitcoin” and all other “crypto” systems. The word “crypto” simply means “cryptographic”, which is the technical term for “encryption”.

Regardless of its core functions, the real advantage of adopting a wide “on-chain” is almost certainly the “example” that it provides to the industry.

An idea called “Industry 4.0” has been floating around for decades. Often combined with the “Internet of Things”, the idea is that a new level of “autonomous” equipment could be introduced to create more efficient production, distribution and distribution strategies for businesses and consumers. Although it has often been harked, it has really been accepted.

Many scholars are now looking at technology as a way to make this change easier. The interesting thing about “crypto” is that the various systems built on top of it – especially evidenced by the choice of etherium – can actually be programmed to work with a single level of logic.

IoT / Industry 4.0 has so far really missed this argument – and why many are looking to “blockchain” (or equivalent) to provide a base-level standard for advancing new ideas. This value will enable companies to create “decentralized” applications that empower intelligent machinery to create more flexible and efficient production processes.

Source by Richard Peck