Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    From $11.99/month after trial. Cancel anytime.

    Blockchain Technology Revolution in Business Explained: Why You Need to Start Investing in Blockchain and Cryptocurrencies for your Business Right Now
    Blockchain Technology Revolution in Business Explained: Why You Need to Start Investing in Blockchain and Cryptocurrencies for your Business Right Now
    Blockchain Technology Revolution in Business Explained: Why You Need to Start Investing in Blockchain and Cryptocurrencies for your Business Right Now
    Ebook167 pages1 hour

    Blockchain Technology Revolution in Business Explained: Why You Need to Start Investing in Blockchain and Cryptocurrencies for your Business Right Now

    By Bob Mather

    5/5

    ()

    Switch to audiobook
    Read preview

    About this ebook

    If you want to learn about how Blockchain technology can impact the future of your business, then read below.


    Blockchain is the tech of the future. But if you're not already working in the field or studying the depths of blockchain, it can be difficult to find information in layman's terms.

    As a business owner, especially a small business owner, we are always looking at ways to improve the efficiency of our business; especially when it comes to marketing and financial transactions. Blockchain Technology could revolutionize the way business is done.

    Here's a few things you can learn from this book.
     

    • The history of cryptocurrencies and Blockchain Technology.
    • The One Industry Where BlockChain has significantly improved security.
    • How one company has revolutionized the way contracts are made.
    • 5 Different Ways Blockchain Technology to move ahead
    • The Limitations of Blockchain and how to overcome this.

    If you're ready to have a tool that will show you the future of blockchain technology, then this is your chance. Download your copy now so you can get started on what is promising to be a most amazing future.

    Scroll to the top and click Buy Now

    LanguageEnglish
    PublisherAbiprod Pty Ltd
    Release dateOct 21, 2019
    ISBN9781393815204

    Read more from Bob Mather

    Related to Blockchain Technology Revolution in Business Explained

    Related ebooks

    Marketing For You

    View More
    View More

    Related podcast episodes

    Related categories

    Reviews for Blockchain Technology Revolution in Business Explained

    5/5

    1 rating1 review

    What did you think?

    Tap to rate

    Review must be at least 10 words

    • 5/5
      Great for business owners to figure out how to use blockchain in their business.

    Book preview

    Blockchain Technology Revolution in Business Explained - Bob Mather

    Blockchain Technology Revolution in Business Explained

    Disclaimer

    Copyright © Abiprod 2018

    All Rights Reserved

    No section of this book is allowed to be transferred or reproduced in print, electronic, audio, photocopy, scanning, mechanical or recording form without prior written consent from Abiprod Pty Ltd.

    The author and published has taken great effort to ensure accuracy of this written content. However, readers are advised to follow information in this book at their own risk. The author and publisher cannot be held responsible for any personal, commercial or family damage caused by the information. All readers should seek professional advice for their specific situation.

    TABLE OF CONTENTS

    Disclaimer

    The history of blockchain and cryptocurrency

    The Original Problem with Digital Transactions

    Most Digital Purchases are Bank Transfers

    Bank Transfers Are Tracked with Physical Items

    The Double Spending Riddle

    Banks Are Prone to Double Spending, You Just Don’t Know

    How to Prevent Double Spending?

    Everyone Keeps Track of Everyone

    Worker ID

    Coin ID

    The System Isn’t Complete

    Encryption is Needed for This to Work

    Anyone Can Transfer the Number 1

    Breaking and Gaming the System

    How the Ledger Works

    Everyone Sees A Transaction

    Transfers Are Verified with Ledger Comparison

    It Usually Has A 100% Threshold

    Blocks are Used for Small Comparisons

    How It Spreads

    Rarity Equals Value

    Competitiveness Drives Rarity

    This is How Fiat Currency Works

    Cryptocurrency Only Works with the Internet

    Cryptomining Is A Collection of Methods

    Proof of Work Methodology

    CPU Mining

    GPU Mining (Graphics Processing Unit)

    With Each Coin Comes A Different Type of Blockchain Sort Of

    The BlockChain could Only Be Used for BitCoin

    Understanding the Blockchain Caused Comparisons

    The Smart Contract Was Born

    The Smart Contract Wasn’t Directly Connected

    The Ledger is The Blockchain

    Ledger is Used By Rationalizers

    How BlockChain Technology is Implemented in Finance and technology

    Blockchain Anon Systems

    Instant Secure Cross Border Payments

    Secure Identity like IOTA

    All Companies Will Participate in the Internet of Things

    It’s Not A Blockchain But A Blocknet

    Everyone Involved is Involved

    Enforced Accountability

    All Actions Can be Recorded and Non-Editable

    Blocks Can Be Assigned to Members

    A New Supplier Network

    Recruitment Reference Checks BEGONE!

    Payments with No Middle Man

    Cryptocurrency Has No Border, Et tu Blockchain

    In-House Cryptocurrency

    Ripple: Earthport Service Payment System

    What is it? It’s Not a Blockchain

    XRP Tokens Finality with Drops and IOU Non-finality

    Marketmakers: Buy and Sell Orders

    How BlockChain Technology is Implemented in Smart Contracts

    Ethereum and Smart Contracts

    With Ethereum Came Smart Contracts

    What is a Smart Contract?

    Proof of Stake

    It’s Still a Blockchain Sort Of

    Smart Contracts Are Not Applicable to Everything

    Conditionals Are Binary

    Conditionals Have to Be Binary

    Listener Overload

    The Future of BlockChain in Marketing and Sales

    Universal ID Distribution

    Non-User Based Tracking

    Success and Fail Profiles

    Advertisement Auditing

    Showed Versus Clicked

    Company and Product Authenticity

    Anyone Can Use A Bar Code

    Branding With Special Font Encryption

    Products Can Tell A Story

    Anonymized Marketing

    Personal Ads Without Being Personal

    Ads Fit the Audience and Sometimes the Person

    Blockchain Profiles and Saving Money

    Make Money On Adcoins

    Possible Government Compliant Ad Database

    No Leakable Points... Sort Of

    How BlockChain Technology Improves Online Safety

    Secure Storage and Complete Encryption

    Encryption with a Unique Algorithm

    Obscuring Data Location

    A Backups Backup

    Restoration of Modifications

    7 Years on Everyone’s Computer

    You Can Backup Blocks Or Blockchains Entirety

    No De-Platforming

    What is De-Platforming?

    Blockchain Cannot Be Blocked Directly

    Blockchain Has No Borders

    Limitations of the BlockChain

    Public Acceptance

    People Generally Don't Understand Technology

    Campaigns from Competitors

    Cryptocurrency Bane

    No Mainstream No Acceptance

    Government Acceptance

    Governments Are Slow

    The Bane of Cryptocurrency on Blockchain

    Difficult to Regulate

    Difficult to Monitor

    Financial Institution Acceptance

    Cryptocurrency Has Proven to Be Unstable

    It Takes IT to Explain it

    It Takes Cooperation

    It Takes Mainstream

    Breaking the Mechanism

    Users Are Still Lazy

    Encryption is a Delay Tactic

    How to Overcome these

    Educating the Public

    Don’t Primarily Focus on Adults

    Put It In Teen Products

    Teach the Kids

    Working within The Loopholes

    Open Companies in Digitally Unregulated Areas

    Apply Blockchain in Less Known Industries

    Blockchain Implementation Via Creeping

    Setting Up the Finance Details and Security

    Conclusion

    Blockchain Is A Powerful Technology

    A World Devoid of Middlemen

    The history of blockchain and cryptocurrency

    Before we get started, I just wanted to talk about how excited I am about the potential future of blockchain technology; not just in business, but in every aspect of our daily lives. For the last decade, we have seen technology progress at breakneck speed. The advent of the internet, smartphone technology, video streaming, social media and online businesses have changed the face of the planet. However, there have been some downsides. Online privacy has taken a backseat for the average consumer, in the search of more business. Google and Facebook have decided that the pursuit of more clicks and revenue supersede our personal privacy.

    Enter blockchain. Blockchain has the potential to give us more privacy through innovative encryption of our online activities. This could give businesses the info they need while protecting our privacy.

    It also has the potential to revolutionize the way that transactions are made; eliminating the need for the middleman to check the authenticity of these transactions.

    Now let’s get started!

    The Original Problem with Digital Transactions

    Most Digital Purchases are Bank Transfers

    Believe it or not, most digital transactions still occur like a normal bank transfer would nearly three decades ago. The only real difference is that it goes to a middleman before it is approved. You start a transaction since you want to pay for some item, the amount or, rather, the number associated with the amount is then sent to an auction clearing House. This clearing House talks with the associated bank you're giving the amount of money to and ensures there is an account to transfer to. That same clearing house also asks if the bank you're transferring from has an account with the number of the amount associated with it. Once it confirms both sides exist and you have money, it then commits the transaction.

    As computers have gotten faster, these transactions have gotten faster as a result and so it's barely noticeable to the average consumer. However, essentially, you are doing a wire transfer every time you use a card, every time you use PayPal, and every time you use something like Google Pay.

    Bank Transfers Are Tracked with Physical Items

    The way that banks are able to do this is because they have an exchange rate. That is, they have a rate of which items can be exchanged in their program otherwise known as Fiat money. It is not the same exchange rate that is referred to when talking about the value difference between dollars.

    What this is talking about is that the bank in question has a certain amount of value in dollars that can be transferred. While money used to be a physical item, it's not anymore, well with a majority of money that there is. Most money is digital because it allows for inflation and deflation of a currency by those who make that money. This actually makes the value of that money much easier to control rather than relying on physical items, but banks still make transfers with physical items.

    Usually, at the end of the week, there is a security truck that transfers the amount of money that has been transferred out of that bank going to a depository that will then disperse this money amongst the banks who have claims to it. The bank that sent out the money will also get its own version of a security truck holding money for money that was transferred to that

    Enjoying the preview?
    Page 1 of 1