Blockchain based professional network
Are blockchain and distributed ledger technology the same? This is a common misconception that many people have. We are living in a digital age of sound bites and buzzwords. An age where even complex technological solutions are reduced to five words or less. As a result, we are witnessing a rise in cunning businesses attempting to piggyback the so-called crypto boom. Predictably, using buzzwords such as blockchain technology to attract investment will only deliver short-term gains.
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Blockchain based professional network
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Content:
- What You Need to Know About Decentralized Social Networks
- Our Services
- The First Blockchain Built for Decentralized Social Networks
- Master in Blockchain & Digital Assets
- Who We Have Trained on Hyperledger Fabric:
- Stay up to date!
- 5 applications for blockchain in your business
- What Is The Fastest Blockchain And Why? Analysis of 43 Blockchains
What You Need to Know About Decentralized Social Networks
How can we know whether a document is real or fake? The rise of document falsification and diploma fraud , along with the democratization of blockchain, has led numerous companies and institutions to rethink their certification and validation methods for sensitive documents. But what is blockchain exactly, and what are its benefits over traditional methods of document certification? BCdiploma takes a close look to learn more about the fundamentals of blockchain, its origins, its use in document certification and its potential applications in business.
The blockchain is a shared database that allows information to be stored and transmitted in a secure manner. This online database is forgery-proof and its content verifiable. Blockchain users are all connected through a network and have simultaneous access to a register containing the encrypted database.
Every change in the register is visible to all users. Hence why it is called a distributed ledger. Users themselves control its operation, without any other intermediary. While blockchain certification is currently expanding to many areas and industries, it originally came into existence along a brand-new form of currency, the famous bitcoin cryptocurrency.
In , researchers Stuart Haber and W. Scott Stornetta first mentioned the concept of a blockchain system to prevent the falsification of time-stamped documents. They were the inventors of bitcoin. In , blockchain 2. The unlimited potential of blockchain technology and promising business applications is further highlighted by the constant innovation in this field as well as the numerous projects currently under development, particularly those relating to Ethereum and the hyperledger.
December 1 st , saw the launch of Ethereum 2. This update will take place over the course of three phases, and introduce a small revolution in the world of cryptocurrencies: based on a proof of stake, Ethereum 2. Furthermore, IBM is developing the hyperledger, its own flexible blockchain framework. The hyperledger is an open-source modular framework designed to help developer communities build enterprise platforms and applications around blockchain technology.
Each block is linked to the previous block through its hash. All blocks form an ultra-secure chain in which changes can be monitored by all users. If a hash changes in a block, all subsequent blocks will be impacted, invalidated and an error will automatically be detected by the program. A new block is created whenever a user wants to enter new information into the blockchain, for instance a new transaction. It is then up to members of the blockchain network themselves to validate and verify the authenticity of the new information inserted in the block using the proof of work.
This system is made possible by some cryptographic techniques. Once the new information has been authenticated, the new block will become visible to all users. From then on, it can no longer be modified, which is key to the security of the blockchain system as a whole.
This proof of work process slows down the creation of new blocks and prevents hackers from tampering with the blockchain by modifying a block, its hash, or by recalculating the hash of subsequent blocks. It serves as an additional mode of validation to demonstrate the integrity of blocks. Proof of stake requires a user to prove possession of blocks or ownership of cryptocurrency to validate new blocks in the chain themselves.
Blockchain works as an open network. Each user holds a copy of the ledger. Then it is submitted for validation by each node following analysis, and added to all copies of the database. This network of nodes helps harmonize the validity and authenticity of the blockchain certification. The majority version is the one that is considered valid. Blockchain certification has applications in many fields: banking, finance, insurance, health, energy, education, enterprise communication, etc.
Historically, blockchain was created to support the development of cryptocurrencies and transform the world of finance, most notably with bitcoin.
Cryptocurrencies are virtual currencies whose transactions are independent of any bank management. Much more than speculative assets with ultra-volatile prices, cryptocurrencies are a genuine innovation that is revolutionizing payment systems by placing more control into the hands of users and leveraging the full power of blockchain technology.
Too often, professional certifications are only available in paper format, with little probative value, making them an easy target for forgery. Forgery software is readily available and makes manipulation easy. For instance, forged diplomas or training course certificates can be bought online with just a few clicks. In this sense, blockchain is revolutionizing the certification system for education programs and training courses, as it allows organizations to issue digital certificates in a secure manner.
Thanks to blockchain, students receive a certified digital diploma in which all their educational information is stored, such as their validated courses. They can share this certified digital diploma on their CV, online on their social media profiles, and even send it directly to recruiters. Certificates and attestations based on blockchain are forgery-proof, meaning they help fight against increasingly widespread diploma and CV fraud.
Just like in many other sectors, blockchain certification is starting to show its full potential in education, as it benefits all stakeholders:. This innovation in the education sector has led to major initiatives in blockchain solutions for certified diplomas.
Such projects aim to apply blockchain technology to certify diplomas, training courses and programs. In France, emlyon business school is the first business school to implement blockchain certification on a large scale. They will offer certified digital credentials diploma service to their 18, alumni, turning their institution into a leader in digital innovation in higher education. BCdiploma provides companies with an integrated and fluid digital platform to streamline the management of online attestations.
Thanks to turnkey online solutions, no prior developer or expert blockchain knowledge is needed to certify a document. Blockchain increases trust and transparency by improving the traceability of data shared across a business network. It improves security by creating an unalterable record of certified transactions with end-to-end encryption, which prevents fraud and unauthorized activity.
Blockchain allows universities to issue digital, certified and tamper-proof diploma to their graduates. This technology is the best solution to certify a course, learning or training program, as it provides optimal security.
Blog What is blockchain certification? Back What is blockchain certification? The origins of blockchain: a decentralized and secure database The blockchain is a shared database that allows information to be stored and transmitted in a secure manner. The history of blockchain certification While blockchain certification is currently expanding to many areas and industries, it originally came into existence along a brand-new form of currency, the famous bitcoin cryptocurrency.
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The first documented car race happened in In fact, while a car was a completely novel piece of technology, people wanted to find which is better, hence— fastest. We invent new technology, then a few early adopters develop it in parallel, and eventually, the adventurous and curious nature that brought us from stone tools to Large Hadron Collider makes us want to check and show which solution is better. We race and set records. We raced for the highest flight and ground speed, the highest altitude we can reach, to the Moon, and many, many more. And what tech races are happening right now?
The First Blockchain Built for Decentralized Social Networks
But in a fluke, they got it all back after discovering that the data had been backed up in a network of smart fridges. While the show had stretched reality to a bit of an extreme, it illustrated the concept of a decentralized data storage and sharing system through a peer-to-peer network pretty well. Blockchain technology is based on this very concept. Instead of storing all data on servers owned by a central authority which gives them complete power over the data, it is stored as blocks or chunks of data chained chronologically in servers all across the world not owned by any particular entity. Blockchain-based social media is a decentralized social media system that is stored using blockchain technology. That means every activity on the network gets irreversibly stored in the blockchain, all interactions are protected by end-to-end encryption, and the blockchain is stored on a decentralized network of servers composed of the devices of every user of the social media site. That means the higher the number of users, the greater the capacity to hold data. All blockchain social media networks fall under the category of decentralized social networks.
Master in Blockchain & Digital Assets
Subscription-based services, embraced by the software industry as an alternative to traditional models of selling product, provide a steady income stream to providers. Software-as-a-Service, along with the related Platform-as-a-Service, Network-as-a-Service, and Infrastructure-as-a-Service models, provide benefits to customers by shifting maintenance responsibilities to the vendor and exchanging large capital expenses for lower subscription fees. Following in the footsteps of the software industry, capital equipment manufacturers are beginning to adopt Machine-as-a-Service "MaaS" models, providing manufacturing equipment such as Computerized Numerical Control "CNC" machines or automated manufacturing systems on a subscription basis. Unlike a traditional leasing model with a fixed monthly or weekly payment, customers may make MaaS subscription payments based on usage or outcome, such as monthly payments based on the number of units produced.
Who We Have Trained on Hyperledger Fabric:
The U. Department of Homeland Security named blockchain managers as essential critical infrastructure amid the coronavirus lockdown. The Blockchain Security course for existing developers provides a comprehensive understanding of blockchain security risks, methods, and best practices. This intensive course is designed for consultants, business managers, and decision-making executives, where their business and operation models could be impacted by blockchain technology. Supply chain data is not always visible, available, or trusted.
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SpringRole has set a deadline for May 15, for the public pre-sale of SPRING, an ERC compliant token that ties a value incentive to verifying career information like educational attainment, work history, and skills endorsements. Founded and led by Kartik Mandaville, SpringRole, is a Science Blockchain portfolio company, which is building a professional reputation network, powered by artificial intelligence and Blockchain technology, to eliminate fraud from user profiles. The network will give more weight to online professional reputation and will make it possible for people to be rewarded for their endorsements. SpringRole claims to solve the challenges of hiring technical professionals in countries like India, for outsourcing and global services arrangements. This is reportedly solved using Blockchain coupled with an incentive-based utility token for attestation of educational and certification attainment, validation of work history, and scoring of professional network referrals for skill sets. The company is executing an aggressive product roadmap, targeting a general availability roll out over the course of this summer. Its goal is initially to penetrate the Indian market for technical professionals, which is expected to make SpringRole a valuable asset to American and European companies that are setting up offshore capabilities in India. Get stories of change makers and innovators from the startup ecosystem in your inbox.
5 applications for blockchain in your business
Network topology is one of the major factors in defining the behavior of a network. In the present scenario, the demand for network security has increased due to an increase in the possibility of attacks by malicious users. In this paper, a blockchain-based system is suggested for securely discovering and storing networks. Techniques such as cloud-based storage systems are not efficient and are lacking in trust, privacy, security, and data control.
What Is The Fastest Blockchain And Why? Analysis of 43 Blockchains
RELATED VIDEO: Solidity, Blockchain, and Smart Contract Course – Beginner to Expert Python TutorialHowever, blockchains don't only work in the authorities' favour they can be the consumers' friend, too. One area in particular where blockchains could protect people is by helping to safeguard data held by Internet of Things IoT devices. Today, devices such as fitness bands, medical sensors, voice assistants and other IoT devices collect large amounts of sensitive, personal data and feed it back to the manufacturer. These devices are hardcoded to talk to their mothership.
In one of his updates, he rants that his post has been copied by another without credits. He takes it up with the person concerned. Now, an unemployed person cannot be promoted. This absurdity provides an insight into a motive-driven campaign to spread insecurity. A number of women across the globe have spoken out against connections harassing them via private message or spilling indecency in the comment section. People plagiarize posts when they find the idea attractive, often ignoring the consequences.
The new service is built on its own TrustOS managed blockchain platform to provide transparency and reliability to any process, document or content managed by companies. Madrid, 2 September Each certification generated through the TrustOS managed blockchain service combines the digital signature of the user effective proof of the identity of the applicant with a trace of the content to be certified proof that the original content remains unchanged since it was certified and the time stamp inherent in blockchain to establish with complete certainty the time at which the certification was issued.
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