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Author Topic: BUILDING THE NEXT GENERATION OF E-COMMERCE  (Read 1738 times)
Kisa San
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June 08, 2018, 06:45:36 AM
 #421

Is the Blockchain Different from Banking Ledgers?
yes, they are : Banks and accounting systems use ledgers to track and timestamp transactions. The difference is that the blockchain is completely decentralized and an open source.
sorry I didn't quite get it, decentralized and open source? can you explain more?
This means that people do not have to rely on or trust the central bank to keep track of the transactions. The peer-to-peer blockchain technology can keep track of all the transactions without the fear of having them erased or lost.

Furthermore, the blockchain, because of its open-source nature, is more versatile and programmable than central banking ledgers. If programmers need new functionality on the blockchain, they can simply innovate on top of already existing software through consensus. This is difficult for central banks because of all of their regulations and central points of failure.
by the way could you please explain a real-life use-case where blockchain is being used? thanks
Sorry, I do not know how to cover this aspect
luckylux
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June 08, 2018, 06:46:15 AM
 #422

Is the Blockchain Different from Banking Ledgers?
yes, they are : Banks and accounting systems use ledgers to track and timestamp transactions. The difference is that the blockchain is completely decentralized and an open source.
sorry I didn't quite get it, decentralized and open source? can you explain more?
This means that people do not have to rely on or trust the central bank to keep track of the transactions. The peer-to-peer blockchain technology can keep track of all the transactions without the fear of having them erased or lost.

Furthermore, the blockchain, because of its open-source nature, is more versatile and programmable than central banking ledgers. If programmers need new functionality on the blockchain, they can simply innovate on top of already existing software through consensus. This is difficult for central banks because of all of their regulations and central points of failure.
by the way could you please explain a real-life use-case where blockchain is being used? thanks
Sorry, I do not know how to cover this aspect
that's okay. Thanks anyway!^^
Ty13rDerden
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June 08, 2018, 06:47:37 AM
 #423

Name the common type of ledgers that can be considered by users in Blockchain?
LDA
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June 08, 2018, 06:51:46 AM
 #424

Blockchain can be stored by what ?
mekanical
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June 08, 2018, 06:53:32 AM
 #425

Name the common type of ledgers that can be considered by users in Blockchain?
centralized, decentralized, distributed network
johnjay3000
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June 08, 2018, 06:53:59 AM
 #426

Blockchain can be stored by what ?
by a flat file and a database, should we dig deep into those things ?
UnevenDRalffy
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June 08, 2018, 06:54:35 AM
 #427

Blockchain can be stored by what ?
 It’s stored on many computers of Bitcoin users around the world, also known as Bitcoin nodes
luckylux
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June 08, 2018, 06:54:51 AM
 #428

What are the core requirements for a business blockchain?
Kisa San
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June 08, 2018, 06:55:39 AM
 #429

What are the core requirements for a business blockchain?
A SAFE SYSTEM I THINK ?
mekanical
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June 08, 2018, 06:55:43 AM
 #430

Blockchain can be stored by what ?
document about resource, information, It like the register book Wink
Kisa San
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June 08, 2018, 06:57:40 AM
 #431

Is the Blockchain Different from Banking Ledgers?
yes, they are : Banks and accounting systems use ledgers to track and timestamp transactions. The difference is that the blockchain is completely decentralized and an open source.
sorry I didn't quite get it, decentralized and open source? can you explain more?
This means that people do not have to rely on or trust the central bank to keep track of the transactions. The peer-to-peer blockchain technology can keep track of all the transactions without the fear of having them erased or lost.

Furthermore, the blockchain, because of its open-source nature, is more versatile and programmable than central banking ledgers. If programmers need new functionality on the blockchain, they can simply innovate on top of already existing software through consensus. This is difficult for central banks because of all of their regulations and central points of failure.
by the way could you please explain a real-life use-case where blockchain is being used? thanks
Sorry, I do not know how to cover this aspect
that's okay. Thanks anyway!^^
If you need anything, feel free to discuss, if I know something I will be helpful
pelufre
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June 08, 2018, 06:57:47 AM
 #432

What are the core requirements for a business blockchain?
a shared ledger, smart contract functionality, privacy and trust
mekanical
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June 08, 2018, 06:57:51 AM
 #433

What are the core requirements for a business blockchain?
A SAFE SYSTEM I THINK ?
security, complex encryption system
mekanical
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June 08, 2018, 06:58:54 AM
 #434

What is a ledger? Is Blockchain an incorruptible ledger?
Ty13rDerden
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June 08, 2018, 06:59:31 AM
 #435

What is a ledger? Is Blockchain an incorruptible ledger?
Blockchain is considered incorruptible. Any ill-intentioned individual acting alone is powerless. “To take over the network, an attacker would have to control more than 50 percent of its total computing power,” Augier explains. “We hope that’s a theoretical scenario, but we can’t be sure. Should it happen, the individual would take every precaution to avoid being noticed.” Not to mention the energy required to power the computers needed for the blockchain system to work.
HopeStillFlies
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June 08, 2018, 07:00:27 AM
 #436

Name some popular platforms for developing blockchain applications ? I need to know more !
pelufre
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June 08, 2018, 07:02:07 AM
 #437

Name some popular platforms for developing blockchain applications ? I need to know more !
after the development of bitcoin, various blockchain platforms started coming up. Ethereum came right after the evolution of Bitcoins, and is one of the popular public platforms for building Blockchain based applications.
HopeStillFlies
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June 08, 2018, 07:04:19 AM
 #438

Name some popular platforms for developing blockchain applications ? I need to know more !
after the development of bitcoin, various blockchain platforms started coming up. Ethereum came right after the evolution of Bitcoins, and is one of the popular public platforms for building Blockchain based applications.

so can you please tell me how can blockchain benefit Ecommerce ?
pelufre
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June 08, 2018, 07:06:05 AM
 #439

Name some popular platforms for developing blockchain applications ? I need to know more !
after the development of bitcoin, various blockchain platforms started coming up. Ethereum came right after the evolution of Bitcoins, and is one of the popular public platforms for building Blockchain based applications.

so can you please tell me how can blockchain benefit Ecommerce ?
I think they are : settlement in real time. cost saving. security and resilience. immutability
HopeStillFlies
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June 08, 2018, 07:06:56 AM
 #440

Name some popular platforms for developing blockchain applications ? I need to know more !
after the development of bitcoin, various blockchain platforms started coming up. Ethereum came right after the evolution of Bitcoins, and is one of the popular public platforms for building Blockchain based applications.

so can you please tell me how can blockchain benefit Ecommerce ?
I think they are : settlement in real time. cost saving. security and resilience. immutability
Many thanks !
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