Trends of blockchain in 2019

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PixelCrayons is one of the leading blockchain development companies focused on building innovative products using blockchain and smart contracts. BlockChains are an open, ledger that can record transactions between two parties efficiently and provide a secure way of making and recording transactions, agreements and contracts or anything that needs to be recorded and verified as having taken place. Feel free to ask any queries @ bit.ly/2Ezb3uk Our Social Media Profile: https://www.facebook.com/PixelCrayons https://twitter.com/pixelcrayons https://www.linkedin.com/company/pixelcrayons

Technology

Have a quick look on the various Trends
● Blockchain as a service (BaaS)
● Blockchain based applications
● Privacy improvements
● Blockchain in various industries
● Improvement of AI
● Personal Identification based on Blockchain

Blockchain as a service (BaaS)
● BaaS allows the users to power
their own Blockchain products
● Choose BaaS and empower
your BlockChain Products like
apps and smart contracts
without the Blockchain
execution.

Blockchain based Applications
● Blockchain is going to rule on
applications in 2019
● Blockchain based
applications are highly secure
and transparent.

Privacy Improvements
Blockchain technology will
help in the improvement of
the privacy

Impact of Blockchain on various Industries
● Blockchain, with the help of
decentralization is making
possible for various industries to
store their data with high security.
● Industries that are adopting the
Blockchain technology are
Banking, finance, healthcare etc.

Improvement of AI
● AI helps in accessing the
bigger data.
● Blockchain will help to
authenticate the data reliably
and work faster.

Conclusion
So the Blockchain Technology would surely be going to
dominate the world for its security features. Various
industries are going to affect with this thrilling technology.

Internet of Things (IoT) security and privacy remain a major challenge, mainly due to the massive scale and distributed nature of IoT networks. Blockchain-based approaches provide decentralized security and privacy, yet they involve significant energy, delay, and computational overhead that is not suitable for most resource-constrained IoT devices. In our previous work, we presented a lightweight instantiation of a BC particularly geared for use in IoT by eliminating the Proof of Work (POW) and the concept of coins. Our approach was exemplified in a smart home setting and consists of three main tiers namely: cloud storage, overlay, and smart home. In this paper we delve deeper and outline the various core components and functions of the smart home tier. Each smart home is equipped with an always online, high resource device, known as ”miner” that is responsible for handling all communication within and external to the home. The miner also preserves a private and secure BC, used for controlling and auditing communications. We show that our proposed BC-based smart home framework is secure by thoroughly analysing its security with respect to the fundamental security goals of confidentiality, integrity, and availability. Finally, we present simulation results to highlight that the overheads (in terms of traffic, processing time and energy consumption) introduced by our approach are insignificant relative to its security and privacy gains.

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Trends of blockchain in 2019

1. Trends of Blockchain in 2019

2. Have a quick look on the various Trends ● Blockchain as a service (BaaS) ● Blockchain based applications ● Privacy improvements ● Blockchain in various industries ● Improvement of AI ● Personal Identification based on Blockchain

3. Blockchain as a service (BaaS) ● BaaS allows the users to power their own Blockchain products ● Choose BaaS and empower your BlockChain Products like apps and smart contracts without the Blockchain execution.

4. Blockchain based Applications ● Blockchain is going to rule on applications in 2019 ● Blockchain based applications are highly secure and transparent.

5. Privacy Improvements Blockchain technology will help in the improvement of the privacy

6. Impact of Blockchain on various Industries ● Blockchain, with the help of decentralization is making possible for various industries to store their data with high security. ● Industries that are adopting the Blockchain technology are Banking, finance, healthcare etc.

7. Improvement of AI ● AI helps in accessing the bigger data. ● Blockchain will help to authenticate the data reliably and work faster.

8. Conclusion So the Blockchain Technology would surely be going to dominate the world for its security features. Various industries are going to affect with this thrilling technology.

Trends of blockchain in 2019

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