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PANEL SESSION #4: “The Blockchain Future – Challenges and Opportunities Ahead”
Moderator
Laura Shin, Business Journalist and Contributor, Forbes
Panelists
Brian Behlendorf, Executive Director, Hyperledger Project
James Slazas, CFO, ConsenSys
Tim Swanson, Director, Market research, R3
Blockchain technology allows Ontology transactions to be made quickly around the world. GIVE ATTRIBUTION TO: BeatingBetting.co.uk
Blockchain : émergence d’une nouvelle forme de confiance numérique
La SIF a organisé une journée sur les Blockchains le 15 novembre 2016, à Paris dans les locaux de Telecom ParisTech
Blockchain is opening up the global business landscape offering to the future of financial technology. BlockChain Tech providing a "Digital ledger" ie a Decentralised database bringing a change in the payment process and its features like Transparency ,Security and Reliability makes this technology more Powerful
BLOCKCHAIN ECOSYSTEM - CHECK IT OUT
WHERE YOUR EVERYDAY TRANSACTIONS HAVE IMMUTABLE PROTECTION -
YOUR 'FIELD' OF EXPERTISE IS FOUND WITHIN ONE OF THE 11 EXCHANGE SECTORS....THIS IS THE PLATFORM WE HAVE ALL WAITED FOR....CHECK IT OUT!!!!
Blockchain Ecosystem = BE
Energy = ES
Materials = MS
Industrials = IS
Consumer Discretionary = CD
Consumer Staples = CS
Health Care = HS
Financials = FS
Information Technology = IT
Communication Services = CV
Utilities = US
Real Estate = RE
#BlockchainEcosystem #Energy #Materials #Industrials #ConsumerDiscretionary #ConsumerStaples #Healthcare #Financials #InformationTechnology #CommunicationServices #Utilities #RealEstate
Ellipsis - Welcome: lnkd.in/e7gibv7f
Blockchain : émergence d’une nouvelle forme de confiance numérique
La SIF a organisé une journée sur les Blockchains le 15 novembre 2016, à Paris dans les locaux de Telecom ParisTech
Technologies based on smart contract has very huge demand in the coming years. Majority of the people are unaware of this set of instruction called 'Smart Contract'. The aim is to help a small portion of that majority, to understand this upcoming revolution.
INTRODUCTION
Before talking about crypto currencies, blockchain and others, it has to be known that, trust has always been a synonym for money. Trust plays a very crucial role in the transaction of money or any legal work. But, sarcasmly this trust is always issued by a third party in the process of transaction. Hence this failure of system ignites people to bring on a new technology, which is based on 'Blockchain'. Blockchain is a digital public ledger in which transaction are made through cryptocurrency (virtual or digital currency) and are recorded chronologically. Under this technology, a mutual trust is established in the entire globe among people, which will not only eliminate the involvement of third party, but also reduce the fraud cases.
WHAT IS SMART CONTRACT ?
With this introduction we are now ready to understand,' What is Smart Contract' ? A global misconception shows, people assume Smart Contract as a kind of Contract or agreement. However, Smart Contracts are the set of instruction or code that stores rules for negotiating the terms of a Contract, Automatically verifies the contract and then executes the agreed terms.
In Smart Contract, Untrusted parties which were using a third party to transact, directly transacts with each other. Smart Contracts are stored on the Blockchain which all party have a copy of. The Technology that can bring revolution in 21st century, forces to write on the topic "Smart Contract".
Smart Contract can execute agreed stored process when triggered by an Authorised/Agreed event just like traditional system.
ADVANTAGES OF SMART CONTRACTS
If any party tries to change a Contract/Transaction in the blockchain all other parties can detect and prevent it, as all the parties have a copy of it. Hence, a person involving in any kind of fraud can easily be identified. If any party fails the system continues to function with no loss of data.
DECENTRALISED SMART CONTRACTS
A person can directly deal with his customers which reduces costs and no more middle man are involved. One can trust his customers as business agreements are automatically executed and verified. The business will be resistant to single point of failure.