Blockchain as a Service (BaaS) | Microsoft Azure
Blockchain - Wikipedia
The bugs are still being worked out:
Don't panic, but your Bitcoins may just vanish into the ether next month
No big deal, but blockchain records (such as bitcoin) are not going away since they are a technology meme. Possibly someday most people will probably have our deed exchanges and other business transactions backed up with blockchain services -- if all goes as planned. That is, presuming that the world retains this unique networked computer environment where nobody owns all of the computing it can work. W hen you take money out, put it in etc. your transaction will get recorded in a blockchain. The main obstacle are industry attempts to lock blockchains down to centralized servers (making the technology redundant), and the consolidation of computing power into huge data centers. Its a technology that aims to eliminate trust issues by combining the power of individual-but-networked computers with Mathematics.
A blockchain is a record that is stored with irreversible encryption and attached to a list of other encrypted transactions along with time and date, which is shared with many computers scattered around the world. The encryption guarantees that documents in the chain cannot be altered. Documents are encrypted, however if you take the original document and re-encrypt it and compare it to the blockchain record you can verify the document is the same as the one in the blockchain. So the way this works is you use the blockchain and keep an original. The blockchain gets longer over time, and it encrypts time data so that it can be used to verify when documents are made.
The value of blockchain is that it can handle transactions without a central authority, like a clerk, government official, big file cabinet, etc. The catch is that this works as long as nobody owns too much of a majority of the computers in a network and all the computers share in the data.
Another catch is that its all based in some strange looking Mathematics. I don't think most school students would appreciate it being added to home-economics courses.
Blockchain - Wikipedia
The bugs are still being worked out:
Don't panic, but your Bitcoins may just vanish into the ether next month
No big deal, but blockchain records (such as bitcoin) are not going away since they are a technology meme. Possibly someday most people will probably have our deed exchanges and other business transactions backed up with blockchain services -- if all goes as planned. That is, presuming that the world retains this unique networked computer environment where nobody owns all of the computing it can work. W hen you take money out, put it in etc. your transaction will get recorded in a blockchain. The main obstacle are industry attempts to lock blockchains down to centralized servers (making the technology redundant), and the consolidation of computing power into huge data centers. Its a technology that aims to eliminate trust issues by combining the power of individual-but-networked computers with Mathematics.
A blockchain is a record that is stored with irreversible encryption and attached to a list of other encrypted transactions along with time and date, which is shared with many computers scattered around the world. The encryption guarantees that documents in the chain cannot be altered. Documents are encrypted, however if you take the original document and re-encrypt it and compare it to the blockchain record you can verify the document is the same as the one in the blockchain. So the way this works is you use the blockchain and keep an original. The blockchain gets longer over time, and it encrypts time data so that it can be used to verify when documents are made.
The value of blockchain is that it can handle transactions without a central authority, like a clerk, government official, big file cabinet, etc. The catch is that this works as long as nobody owns too much of a majority of the computers in a network and all the computers share in the data.
Another catch is that its all based in some strange looking Mathematics. I don't think most school students would appreciate it being added to home-economics courses.
