danbrown

Blockchain has immense benefits in the e-commerce industry. If blockchain has to be integrated into e-commerce platforms, then the immediate benefits that it could give us are ease of payments, managing supply chain logistics and, most importantly, decentralized marketplaces.  A short recall of what a blockchain is. It is nothing but a distributed ledger that stores transactional data across multiple computers. The transactional data could be anything in digital form — for instance, certificates, documents, software data, codes, money, and whatnot.  Combining all transactions results in a block. This block is linked to the one in front of it and the one behind it. Therefore for a person to forge it, he has to manipulate every block on the whole chain, which is completely impossible. Hence it is a secure method to do transactions and store data. Blockchain e-commerce solution Payments Cryptocurrencies use the same decentralized, secure method of trans...

Identity security is a massive concern despite technology advancement. The better the technology becomes, the more vulnerable our identities become. We do know many stories that recently happened, and prayed we were not one among those victims.  Also, we mostly wondered about solutions that could take down all the threats and make identity management a lot easier than we thought. That day is not too far. As we can see, the advancement in blockchain has paved the way for blockchain identity management. As we all know, blockchain is a stable, tamper-proof platform that has high standards of security. Anything once written on the blockchain is permanent and can never be changed.  Besides these attributes, blockchain provides pseudo-anonymity. In simple terms, you will be given digital codes, which will be a combination of numbers and letters. These will act as your name. However, your real name and address will remain under the covers.  Since everythin...

Why should your identity be digital? Why not? Because everything in hard copy is destructible. Anything on the blockchain platform is imperishable. This undestroyable nature of the blockchain is the most sought-after one. This gives immense security and keeps the matters private yet anonymous. This is termed as pseudo-anonymity. Which means you are given identity, but your real identity remains hidden. Now, what is the whole point of blockchain digital identity? How is it beneficial? Firstly how can we implement blockchain for digital identity? Applying blockchain for digital identity The very essence is going to be about the certificates being verified by the nodes. When a file (say your certificate) is uploaded on a blockchain, it is checked and okayed by the nodes that maintain the network. This happens in a consensus. That is a general agreement between all the nodes. Even if one node does not agree with the terms, or does not verify okay, the certificate has...