We’re living in the digital era. Everything around us is getting digitized in one way or another. Digital is the future and the future is digital. Profusion of new entrants every day.
What is Blockchain
A blockchain is a distributed ledger, an online database shared among the nodes of a computer network, where a wide range of data can be stored.
There are many different blockchains and many uses, most people are now familiar with cryptocurrencies such as Bitcoin and Ethereum, or NFTs (Non-Fungible Tokens, that can’t be divided into smaller parts and retain its initial qualities), the underlying technology is blockchain but blockchains are capable of so much more.
Is blockchain going to drive this digital future?
A blockchain-based system on a blockchain network offers unmatched superiority over conventional way of digital future in the following ways:
Immutability - Immutable trail of transactions comprising blocks of data publicly linked using hashes or block headers.
A record or transaction cannot be deleted. Rather records are updated
Year 2022 and beyond trends for blockchain
Decentralized Trust as a Revolution ( dTr )
Data ownership. Users store their data on private keys linked to a blockchain-enabled account.
Blockchain Infrastructure as a Service
Digital Asset Management
Central Bank Digital Currency
Career in Blockchain
As the blockchain revolution moves us toward a decentralized society, the demand for professionals is widely evident. This shows me that it is also necessary to encourage education that prepares graduates and those already in the workplace for the rapid, unhindered demands and potential of this decentralized environment. To get started, you can consider participating in accredited learning programs offered by blockchain associations or educational institutions.
The blockchain world is now in need of specialized blockchain developers or blockchain professionals as more and more projects are being started in the blockchain platform.
Blockchain and Digital Payment
By definition, digital payment is the electronic transfer of value from one account to another from a digital device like a computer, smartphone POS, ATM, through a digital communication channel.
Common types of digital payment include bank transfer, card payment, wallet transfer, and mobile money. Besides the internet, SWIFT is a very known example of digital payment communication methods.
Use Cases of Blockchain
Blockchain for Health
Blockchain for Energy
Food Supply Chain
Logistics & Global Supply Chain
Blockchain Future Network
Blockchain Cybersecurity & Privacy
Blockchain system architectures
As adoption of Internet-based services and applications continues to grow exponentially, the standards which underpin the global network have necessarily evolved to cope with the billions of connected devices and users interacting globally.
With billions of devices being connected to the Internet and more coming online every day, the 32-bit address space defined by IPv4 meant that we will quickly ran out of unique addresses by which to address individual devices.
IPv6 is growing around the world as major governments and Internet companies switch to this more future-proof standard.
Mass adoption of blockchain technologies will also require robust legal systems at the national level, as well as international regulation to advance the blockchain revolution. As applicable legal regulations and laws are being formulated, some countries are already well advanced in this process.
How to get your Blockchain license ( DLT) in Dubai
Get your Distributed Ledger Technology Services Professional License in Dubai Mainland or Freezone. Talk to us know to understand the full details
Under this License the approved activity will be Includes firms that provide database management solutions and ancillary services based on distributed ledger technologies, such as blockchain. Such firms are NOT permitted to trade in, or setup an exchange for currencies or crypto currencies or commodities or provide any financial services, whether brokerage or payment processing
This blog contains information that was obtained from third party sources and industry reports and publications, websites and other publicly available information but there can be no assurance as to the accuracy or completeness thereof.