Blockchain

S01 E05 : Blockchain: Revolutionizing and Powering the future

Insights on the future of Blockchain Technology and how can one build an innovative business in all sectors on Blockchain technology.

Blockchain

S01 E05 : Blockchain: Revolutionizing and Powering the future

Insights on the future of Blockchain Technology and how can one build an innovative business in all sectors on Blockchain technology.

Blockchain technology may ultimately be seen as the most important innovation to come out of the cryptocurrency boom. It could potentially be the backbone of many large financial transactions in the country. In this episode, Mr. Raj Kapoor gives insights on the future of Blockchain technology and says “the demand for people with Blockchain skills is high”. 

 

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1 Comment

SP

Sushant Patangay

22-Jul-2021

Beautifully explained

About the Mentor

James Seubert

About the Mentor

Raj Kapoor

Founder & CEO, India Blockchain Alliance

Blockchain leader & Tech Accelerator Specialist. Has remarkably great experience in Blockchain.

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Browse through the most frequent questions

How do you create a business on blockchain?

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Blockchain technology is changing the way businesses operate. Learn how to create blockchain in business with below 10 points:
1.Schedule your Blockchain Services Company
2.Create a legal entity for your blockchain services business
3.Set up a tax registration for your blockchain services company
4.Open a Business credit card and Bank Account
5.Create an accounting system for your blockchain services
6.Obtain the required licenses & permits for your blockchain services business
7.Get business insurance for blockchain services
8.Create a list of your blockchain services commercial brand
9.Establish your own blockchain services company website
10.Install the business phone system

Why blockchain is the future?

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Blockchain business will add over $176 billion in value by 2025. This figure is expected to rise to $3.1 trillion by 2030. Digital certificate management, transfer of land records, pharma supply chain, e-notary services, e-sign solution, duty payments, automated customs enforcement and compliance, agriculture supply chains, e-voting, crypto wallet, health records, cross-border transports, public service delivery, charity donations, smart grid management, etc. sectors are already using blockchain. Needless to day, blockchain is indeed a future of every business stream in future.

How do small businesses use blockchain?

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As small businesses seek greater efficiency and better ways to serve their customers, blockchain can be especially beneficial as a means of conducting transactionsand even raising capital. Below are the points showing how businesses can use blockchain:
- Small businesses can adopt transaction in cryptocurrency which will deal with the customers directly and reduces transaction costs.
- Businesses can use blockchain for smart contracts, which are basically self-verifying, self-enforcing contracts.
- Blockchain technology provides business owners with an alternative method to raising capital through Initial Token Offerings (ITOs) by which they can trade freely.
- It is safe and efficient to track and manage digital identities using blockchain technology. Instead of using password-based systems that are stored on insecure systems, blockchain-based authentication systems that require digital signatures are available.

Which technology will replace blockchain?

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As of now, blockchain is the most widely used technology for digital ledgers. Hedera, IOTA, Nano, and a few other ledgers are the only ones that use acyclic graph technology right now. Still, that could change over time. Many people consider DAGs to be an ideal replacement for blockchain because of their improved data structure, increased throughput, ease of use, speed, and low fee structure.

What are blockchain platform?

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On top of an already-existing blockchain infrastructure, users and developers can build new applications using a blockchain platform. Following is the list of a few blockchain platforms:
- Avalanche
- Cardano
- Chainalysis KYT
- Ethereum
- Hyperledger Fabric
- Hyperledger Sawtooth
IBM Blockchain

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