| |SEPTEMBER 20188Consultants ReviewDECODING BLOCKCHAINS AND BITCOINS: WHAT LIES ABOVE AND BELOW?An award winning digital media outfit, ADG Online Solutions specializes in formulating digital lead gen strategy and conversion led plans for a large chunk of blue chip accounts. A Digital mentor, incubator and Social Media Evangelist with 20 years of holistic experience in the information Technology domain Deepa is the lead protagonist and endorsee business driven best practicesBy Deepa Sayal, Co-Founder & MD, ADG ONLINE Solutions Private Ltdhe world is ready for a disruptive change. Technology can be highly disruptive. Chang-ing pace and evolving at an impeccable pace. There have been many potential game chang-ers over the past decade.However, we are all set to witness perhaps a big change in the way, the world transacts, interacts and saves data.Talk about a breakthrough technology in the Data and financial sector! Talk about Blockchain! Most of us see the new buzzword across the web strato-sphere and the broadcast media and I am suddenly remind-ed of the days when the word "Cloud" hit the horizon. We are going to witness a similar frenzy because here is yet another technological door opener.The internet comprehends this as follows...........A block-chain is a decentralised public ledger of all cryptocurrency transactions. Or the shortest possible definition would be, "clever coding on distributed database."A simpler better definition............A Blockchain is an open source distributed database to combine digital re-cords into blocks that cannot be copied or altered, as the new blocks are added irreversibly to secure the flow of data or information.Ok... now what is a cryptographic transaction?Lets break it down........and put it as.........a specially knit group of codes to protect confidentiality. In other words, a set of data or information which cannot be altered and can only be authenticated and comprehended by the one who sent it and received it. They would have to have the unique key albeit to decode.IN MY OPINIONT
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