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I've been in the blockchain business for years, and based on my job as a consultant at an ICO company, I know companies are looking for business blockchain solutions. But what is the difference between bitcoin and blockchain? Here I plan to discuss the differences between the two, as well as the blockchain can be used in business.
First of all, bitcoin is based on blockchain and many of the cryptocurrencies are based on bitcoins. The corporate blockchain is not just about exchanging digital funds in the form of tokens or coins; focuses on creating business solutions for the exchange of information between companies internally or externally. I firmly believe that if we remove the word "money," and then "ICO," from our conversations about the blockchain, we can begin the dialogue with a clear basis. Companies are looking for a solution that can help to exchange information between different lines of business, such as external parties and users, without compromising the privacy and security of users and data. Blockchain provides that built-in security, thanks to the underlying encryption, and also brings privacy because it does not reveal user information such as names or other identifying information.
Consider the health sector, for example. Hospitals, insurance companies and healthcare professionals have access to patient data. What if there was a common platform with end-to-end security that would allow various organizations to exchange information without revealing the true identity of patients?
The word "consortium" plays a very significant role in the world of blockchain. A consortium is an association of various companies that work together to create a solution to improve the customer experience. There are various types of blockchain implementations, including private, public and a mix of both, which is a chain of consortia. There is concern about decentralization because, in the case of the private blockchain, there is a single entity or point of contact able to control information, which works against the idea of removing a middleman or a decentralized computer. I believe the consortium chain solves the security problems mentioned above. In the case of consortium blockchain alignments, there is a group of parties that make decisions rather than a single entity.
This brings us back to the reason why I think we can have a more constructive conversation on corporate blockchain if we eliminate the ICO term from the discussion. Did you notice me using the word "money" or talking about raising funds or giving some kind of incentive or token? The answer is no, and I think the term ICO leads to a fundraising path where users pay money to collect coins, and the entity that raises money uses that money to develop a product or provide some kind of service. Businesses at this time are cautious about the confusion around the blockchain, but by not introducing the term ICO, companies can avoid association with various failed ICOs, where products or companies have failed to deliver, or have lost funds due to a hack.
I always like to raise questions like, "What business problem can we solve? How can the blockchain integrate with existing infrastructure and solutions, such as databases or large components? How do internet of things work? blockchain integration? " All these questions drive the conversation around the business features of the blockchain. Right now, IBM and Microsoft are leaders in this space. Consider this & nbsp;Microsoft's solution, and take a look at the flow to understand how blockchain technologies integrate with technologies like big data, cloud storage and NoSQL databases. & nbsp;IBM& nbsp; It accompanies you almost in the same case of use and provides detailed details on how companies can implement blockchain as part of their enterprise solution architecture. & nbsp; I think blockchain is a service, with the ability to intelligently write and distribute contracts with a couple of clicks, it will be in great demand with mature technology and there is more awareness about the various solutions available.
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I've been in the blockchain business for years, and based on my job as a consultant at an ICO company, I know companies are looking for business blockchain solutions. But what is the difference between bitcoin and blockchain? Here I plan to discuss the differences between the two, as well as the blockchain can be used in business.
First of all, bitcoin is based on blockchain and many of the cryptocurrencies are based on bitcoins. The corporate blockchain is not just about exchanging digital funds in the form of tokens or coins; focuses on creating business solutions for the exchange of information between companies internally or externally. I firmly believe that if we remove the word "money" and therefore "ICO" from our conversations on the blockchain, we can start the dialogue with a clear basis. Companies are looking for a solution that can help to exchange information between different lines of business, such as external parties and users, without compromising the privacy and security of users and data. Blockchain provides that built-in security, thanks to the underlying encryption, and also brings privacy because it does not reveal user information such as names or other identifying information.
Consider the health sector, for example. Hospitals, insurance companies and healthcare professionals have access to patient data. What if there was a common platform with end-to-end security that would allow various organizations to exchange information without revealing the true identity of patients?
The word "consortium" has a very significant role in the world of blockchain. A consortium is an association of various companies that work together to create a solution to improve the customer experience. There are various types of blockchain implementations, including private, public and a mix of both, which is a chain of consortia. There is concern about decentralization because, in the case of the private blockchain, there is a single entity or point of contact able to control information, which works against the idea of removing a middleman or a decentralized computer. I believe the consortium chain solves the security problems mentioned above. In the case of consortium blockchain alignments, there is a group of parties that make decisions rather than a single entity.
This brings us back to the reason why I think we can have a more constructive conversation on corporate blockchain if we eliminate the ICO term from the discussion. Did you notice me using the word "money" or talking about raising funds or giving some kind of incentive or token? The answer is no, and I think the term ICO leads to a fundraising path where users pay money to collect coins, and the entity that raises money uses that money to develop a product or provide some kind of service. Businesses at this time are cautious about the confusion around the blockchain, but by not introducing the term ICO, companies can avoid association with various failed ICOs, where products or companies have failed to deliver, or have lost funds due to a hack.
I always like to raise questions like "What business problem can we solve? How can we integrate the blockchain with the existing infrastructure and solutions, such as databases or large components? How do the Internet of things work and the integration? blockchain? " All these questions drive the conversation around the business features of the blockchain. Right now, IBM and Microsoft are leaders in this space. Consider this Microsoft solution and take a look at the flow to understand how blockchain technologies integrate with technologies like big data, cloud storage and NoSQL databases. IBM accompanies you almost in the same case of use and provides detailed details on how companies can implement blockchain as part of their business solution architecture. I think blockchain as a service, with the ability to write and implement smart contracts with a couple of clicks, will be in great demand with the maturation of technology and awareness of the various solutions available.
