Blockchain is the world's leading software platform for digital assets. Offering the largest production block chain platform in the world. It is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a hash pointer as a link to a previous block, a timestamp and transaction data.
By design, blockchains are inherently resistant to modification of the data. The Harvard Business Review describes it as "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way".
For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority.
Blockchains are secure by design and are an example of a distributed computing system with high Byzantine fault tolerance. Decentralized consensus has therefore been achieved with a blockchain. This makes blockchains potentially suitable for the recording of events, medical records, and other records management activities, such as identity management, transaction processing, documenting provenance, food traceability or voting.
The blockchain is an undeniably ingenious invention - the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto. But since then, it has evolved into something greater, and the main question every single person is asking is: What is Blockchain?
By allowing digital information to be distributed but not copied, blockchain technology created the backbone of a new type of internet. Originally devised for the digital currency, Bitcoin, the tech community is now finding other potential uses for the technology.
Bitcoin has been called "digital gold," and for a good reason. To date, the total value of the currency is close to $9 billion US. And blockchains can make other types of digital value. Like the internet (or your car), you don't need to know how the blockchain works to use it. However, having a basic knowledge of this new technology shows why it's considered revolutionary. So, we hope you enjoy this, what is Blockchain guide.
Recently eGeneration has started developing artificial intelligence and blockchain-based digital investment platform for the Dubai based fastest growing crowd funding company Smartcrowd. In a roundtable discussion titled "Disruptive Global Financing with Blockchain- Roadmap for Bangladesh", Jabbar, Minister of Ministry of Posts, Telecommuni-cation and Information Technology said, eGeneration is providing blockchain solutions in Dubai, sends a message to the world that Bangladesh is capable of working with such cutting edge technologies.
We hope there will be more companies like eGeneration in Bangladesh working to help establish the country brand. For any such technology that is useful to general public, government will provide full support. And I would urge everyone present here to conduct proper research to identify the ways Bangladesh can be benefitted from this technology so that Government can take this forward."
Shameem Ahsan, Chairman of eGeneration Group said, "It is being said that the blockchain will do to banking what the internet did to media. Disruption is coming, from healthcare and remittance to banking, real estate and venture capital.
He said, As cryptocurrency awareness spreads and investments in tokens grows, some are claiming that blockchain technology is beginning to disrupt and democratize the venture capital industry. Today, decentralized organizations are raising money from the crowd via initial coin offerings (ICO's) and traditional companies are launching tokens and raising from the crowd via ICO's. "
-Fakhruddin Mehedi
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