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It may seem that the fundamentals of Blockchain technology are not as complicated as you expect them to be. A Blockchain is a decentralized and secure database which is based on a safe network. It is applied to transfer information and save data. Blockchains record and transfer information and data in blocks. Those who take part in these transactions can be anonymous and sure in security, transactional transparency, speed, and cost efficiency.
What does a blockchain look like? Data in a Blockchain is recorded in a linear matter. Every new block in a Blockchain has data from all previous blocks. Think of a block as a sheet of paper which is filled from top to bottom and front to back with a date and time but with a long code written across the sheet. The data in these blocks is encrypted with the help of complex cryptographic principles and security algorithms. Before you add transactions to a Blockchain they must pass validation first. Miners do this validation. For the work, they receive monetary reward in the form of cryptocurrencies, such as Bitcoin.
It is so popular nowadays because this technology will change the world. The data stored and relayed in a Blockchain architecture cannot be controlled by a single party. Transactions and information are constant and transparent. As soon as you add transactions, it can’t be changed, taken down or hidden. As far as transparency is concerned, anyone can see what was sent and when. There can be two individuals behind a Blockchain transaction but we do not know who and why.
You will find out additional information related to this topic here: The Future of the Blockchain Technology
Everything points to KIR being a scam. No phone, no address, private domain registration through a proxy, no business certificate, a lot of positive paid reviews on low-quality sites, very few real customer reviews on respected sites (most saying they never received the product), payment only available through anonymous channels, no access to developers or management… and of course, the company name is “Kir” - which means “Penis”.
So far I haven't come across a single person who has paid and received the product. I recommend not sending them any PM or BTC, unless it's as a gift.
Everyone knows that cryptocurrencies like bitcoin, ether, dash, and ripple are the entry-points to the blockchain world. Blockchain technology is professionally assisting innovators for developing solutions in manufacturing, retail, supply chain, pharmaceutical, healthcare, transportation, real estate, government and more.
List of some popular firms that stand out in the blockchain world:
They are hugely investing resources which could assist to solve cross-border supply chain problems. IBM’s shared ledger can provide real-time traceability and transparency. Their digital ledger is offering ways for the shipping companies to optimize their supply chain tasks.
The project uses blockchain to support financial and supply chain systems. Firms will be able to buy blockchain registered assets and connect their ERP solutions to the Hijro Trade Asset Marketplace.
The firm wish to offer service to customers with global supply chains. Businesses would be able to use SkuChain for their cross-border trades.
The firm is developing a blockchain-based solution to secure traceability of certifications and other details in the supply chains. Provenance would provide a digital identity for every product.
Healthcare and Pharmaceuticals:
The firm is targeting applications like pharmaceuticals, luxury items, diamonds, and electronics. The application would be able to verify counterfeit products, diverted goods, stolen merchandise and fraudulent transactions.
They focus on providing blockchain solution for electronic medical records (EMRs).
Gem is eminent enterprise level application that can connect to any blockchain network. It can work with Ethereum, Hyperledger, and more. They offer data store, standardized resource representation, access controls and Rest API.
The firm is developing smart contract applications targeting IoT, video gaming, and micropayment transactions. The users will be able to exchange value by using smart.
It is a bit-coin based cryptocurrency wallet. The users can buy, store and exchange bitcoins utilizing the ABRA app on their smartphones.
This firm in conjunction with Microsoft is trying to implement blockchain for marine insurance. They would assist marine organizations to better predict risk factors due to more up-to-date information.
It is a free online marketplace for trading goods and services without the requirement to pay any third-parties.
They can build custom mobile applications on the blockchain.
Transportation and Travel:
It is a ridesharing application that runs on the blockchain. The decentralized transportation platform intends to offer real-time ridesharing options for consumers.
It is a travel portal like CheapTickets or Expedia but built on the blockchain. By developing direct connection between travellers and service providers, Webjet could bring down travel costs.
Finally Blockchain technology is assisting with every aspect of the modern world.