Do you want to find out what distributed ledgers are and how they can benefit your business?
Distributed ledgers are a technology that allows businesses to have financial databases that are synchronized and shared across multiple sites. They are based on blockchain technology and can help prevent cyberattacks because of their decentralized nature.
They are considered a relatively new technology that is used to keep records of transactions and protect the financial data of a business. Being decentralized, means that they do not rely on a single central server. This is why it is often called the “world’s largest continuously growing list of records”.
A distributed ledger is a public record of digital transactions and data, which are stored in no particular order across many computers. The transactions and data can be anything from cryptocurrency transactions to other monetary exchanges to property titles or even votes.
The basic concept behind distributed ledgers is that there is no single point of failure, which makes them both reliable and tamper-proof.
Four ways Distributed Ledgers can Benefit Businesses:
- Secure And Tamper Proof:
Once the records have been written in the distributed ledgers, they can’t be altered by anyone. This feature makes the distributed ledgers secure and safe from any tampering.
- No Need For Third Party:
In many cases, distributed ledgers remove the need for any third parties to operate the ledgers. Less involvement from third parties saves them time and costs for your business. Its application in the supply chain business allows results to be directly written by sensors and saves time.
- Completely Decentralized:
These ledgers are entirely decentralized, and the databases can be located in different geographical locations, which reduces cyberattacks.
- Highly Transparent:
Another benefit for businesses is that distributed ledgers allow more transparency in the viewing and sharing information.
Exclusive Workshop: Blockchain for Business Processes with Dr. Marcel Müller (Multiple Dates Available)
Blockchain is a distributed ledger technology that is changing the world. It is a digital and decentralized system that records transactions and stores them in a public ledger. Blockchain provides an efficient way of storing data, with the ability to reduce or eliminate transaction fees and middlemen, as well as provide security for the information stored.
Unfortunately, it still largely remains an esoteric technology, that is not understood outside of technical circles.
In this workshop, we demystify the world of blockchain, explaining what are the amazing opportunities that it presents, and how businesses can benefit from it.
This workshop is designed by blockchain experts, for non-experts.
The workshop will be conducted by Dr. Marcel Müller, a German deep tech entrepreneur, researcher, and consultant. He holds a Ph.D. in Computer Science on engineering methods to create trust-aware business processes with distributed ledger technologies and authored more than a dozen peer-reviewed scientific publications. Marcel has worked on enterprise blockchain projects in supply chain management, energy, and finance and is the founder of KnowledgeX.
You can read about the workshop format and content as well as register here.
This course will teach you all about blockchain, including its history, how it works, and what industries can benefit from its use. You’ll also learn about some of the most popular blockchain applications, including Bitcoin and Ethereum.
The course is designed for those who are not techies and want to learn more about the blockchain. The course will cover the following topics:
What is Blockchain?
How does Blockchain work?
Why should I care about Blockchain?
What are the potential applications of blockchain technology?
How do I get started with blockchain?
The course will be taught by a world leading expert on the subject.
You can register here.
What is the future of the crypto market? Are we in a bear market? Does data science have a role to play in blockchain?
We had a very interesting conversation with Michael Kelly to discuss about some of these topics.
You can listen to the podcast here.
The TerraUSD incident sent ripples through the blockchain and DeFi communities, signaling what was the definitive start of a crypto bear market. This incident was a huge financial disaster for many individuals, but it also raised many interesting questions:
1-Do algorithmic stablecoins have a future?
2- Will TerraUSD manage to revive itself?
3- Is heavy crypto-regulation just around the corner?
We conducted a research on the topic of algorithmic stablecoins and TerraUSD, by asking 30 subject matter experts to offer us their opinion. You can find the full report here.