2018 is seeing the birth of global sharing networks using block chain technology. Data generators will start to earn money from likes retweets, uploading some photos and different steps. This is the surprising era of modern world today. Public block chains are better than existing databases. Because block chain uses less storage, more amount of energy and are less private. Blockchain is the best software platform for digital technologies. Blockchain is offering new technologies to build new better finance systems.
Blockchain was basically introduced by bitcoin.As u know the word crypto-currency ,It basically deals with distributed peer to peer computing having a demonstrated compelling and some may be surprised ,destiny for the Blockchain to build a data common. Block chain technologies have tremendous potential in areas like data integration, communications and scientific analysis to build a block chain infrastructure.
The Blockchain New Data Infrastructure:
Public Blockchain terminology is used here but the resistance is against both government and private companies. Its better choice to design a Blockchain is one feature: censorship resistance E.g. It is a good idea to allow UBER to control a public transport, Amazon to control all the logistics.
In today business world, data visualization services is power and the control of an ownership and data is also ultimate power. When all communications and healthcare and money becomes digital, the block chain infrastructure will be more powerful that will be control by one nation or one company.
- End of Digital Monopoly:
Digital monopoly, Includes Facebook, Yahoo, Google and Amazon get data from the user free. These companies use this data related to searches and purchase feeds the learning system to bring the more customer engagement and customer values .So in the terms of Blockchain technologies are searching more and more data to feed the algorithm for building the global data common.
- Internet of Business Says:
Everyone is talking about the latest issue consent in today’s world.consent is new currency for the digital age. Whether the mechanism is Blockchain: To transfer digital currency one to another without using the third party. For Example I send my money to the other person out of country by the Blockchain instead of a bank. There is also Big Data Architecture considered a Personal ApI in which our currency can be managed in the form of digital rights. Citizen backed data CSR and it portents such a system would prevent hyper-companies from the leakage of data to everything.