It’s a general perception that blockchain is very complicated, but its core concept is very easy to understand. It’s a type of database that gathers information in the form of groups/blocks with specific sets of data. Each block can store the same yet limited amount of data, and once a block is filled, it’s linked …
UTXO stands for “Unspent Transaction Output”. Many blockchains use UTXO based accounting methods, for example, Bitcoin and Litecoin blockchains, as opposed to an account-based accounting method.
The current COVID-19 pandemic has completely changed the dynamics of the world. All industries are suffering from the complete shut down in regular business activity. The medical sector is no different, and the need for critical medical equipment like ventilators and personal protective equipment are crucial. However, the pandemic is exposing the pharmaceutical sector’s inefficiency …
How Blockchain Technology Helps the Medical Supply Chain Against COVID-19? Read More »
With the versatility of Blockchain application, it is possible to synthesize the technology with devices that can accurately measure clean energy production rates. Also, carbon emission can be monitored via a verifiable record, a scenario that will keep the major environmental players on their toes. Finally, as a system of payment, its easy usage, and widespread application means Blockchain can be an important cog in the incentivization of positive environment sustainability endeavors.