In Healthcare Industry, a lot of information exchanges happen between hospitals, doctors, clinics, pathology labs, blood banks, equipment manufacturers, and patients. Since the nature of the information is very confidential and personal, ensuring security of the data is of top most priority. At the same time, the information can’t be locked away in silos since ease of accessing this information is crucial to the functioning of an establishment providing healthcare services.
Initial Coin Offering is one of the innovative use cases of Blockchain, enabling startups and naive companies to raise initial capital for their business ideas with potential. However, this now-famous mode for crowdfunding overcame a number of technical and functional ambuguity in the system, leading to inundating rise in its acceptance.
Building Blockchain applications requires prowess in cryptography, coding, mathematics, and significant resources. However, with Ethereum, such complex requisites for Blockchain application development can be turned down with tools that Ethereum brings along to build and deploy decentralized applications.
Hundreds of technologies debut every year to transform the conventional way doing things. While some of them run down, there are some that hold the potential to cause disruption and become a trend.
Ever since their introduction, Blockchain and cryptocurrency go hand-in-hand. The Blockchain concept is complex, and involves an ever-growing database of records, saved in blocks that are linked to each other and are cryptographically secured.
By now, you must have heard of the term Bitcoin; the digital currency that made headlines all over for its phenomenal rise (and occasional fall) in value. Bitcoin was the first cryptocurrency that was famed for its computer encryption, preventing many from making fraudulent transactions online.
As the Blockchain technology matures, the digital world is realizing the opportunities that it brings in. Crowdfunding through cryptocurrency is one of the ingenious benefits of Blockchain that startups are utilizing, globally. The concept is popular as Initial Coin Offering (ICO).
Paper contracts is an old-school approach for binding agreements. Involving multiple intermediaries, several rounds of negotiations, and a lengthy administration of finalized agreement is no more a standard practice. While digital documents are an effortless alternative to these traditional contracts, they are easy to forge.
No matter how great a business idea is, its existence and endurance is difficult without sufficient funds. Since long, Initial Public Offering (IPO) has been one of the popular and regulated fundraising schemes, which, today is challenged by Initial Coin Offering (ICO). Thanks to the steeping rise in popularity of cryptocurrencies and Blockchain.
Cryptocurrencies are causing a stir with their skyrocketing value. With this, the demand for Blockchain wallets is rising as well. By the end of 2017, over 21 million users were reported to be using the wallets for transactions of their digital currencies (according to Statista).