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CIO Applications Weekly Brief

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Editor's Pick (1 - 4 of 8)
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A Closer Look at Block Chain Technology

A Closer Look at Block Chain Technology
John Shea, CIO, Eaton Vance

Don't Start With Blockchain

Don't Start With Blockchain
Eric Redmond, Director of Global Technology Innovation, Nike [NYSE: NKE]

Blockchain: the path forward

Blockchain: the path forward
Kyle Culver, Director, Emerging Technologies, Humana [Nyse: Hum]

Blockchain to Revolutionize the Financial Industry

Blockchain to Revolutionize the Financial Industry
Safwan Zaheer, Director, Financial Services Digital & Head of FinTech, KPMG US

Riding the Blockchain Wave: Challenges and Opportunities

Riding the Blockchain Wave: Challenges and Opportunities
Eric Piscini, Principal Global Blockchain Leader, Deloitte

Blockchain Community Leader, I am part of the Innovation & Digital Transformation team that runs innovation initiative for CACIB

Blockchain Community Leader, I am part of the Innovation & Digital...
Xavier Laurent, Blockchain Community Leader for Credit Agricole CIB

Blockchain: The Paradox

Blockchain: The Paradox
Sean Khozin, MD, MPH, Associate Director, FDA

Blockchain, the real benefit behind the technology

Blockchain, the real benefit behind the technology
Rebecca Hofmann, Manager of Innovation, Equinor Chairman, OOC Blockchain Consortium

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What Blockchain Terminologies Business Leaders must be aware of?

By CIO Applications| Monday, April 01, 2019
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BlockchainBlockchain has surpassed the buzzword territory, and companies are keen about adopting the technology. This innovation is typically associated with cryptocurrencies but is now also recognized as a significant force that is protecting the confidentiality of data. By offering digital signatures and cryptographic hashing, the shared ledger is offering users both autonomy and transparency in securing data. As blockchain technology continues to evolve, the below-mentioned blockchain terms are a must for business leaders to be familiar with. 

1. Smart Contracts: These contracts enable blockchain users to view, validate, accept, and deny any changes to assets. They assist in exchanging money, property, shares, and anything in a conflict-free way while bypassing any intermediary. Smart contracts are a programmable system that determines who is permitted to change assets, what they can change, and under what circumstances.

Blockchain Companies: 1World Online, aXpire, Context Labs, Cryptyk, Datawallet, HashChain Technology, i-House

2. Nodes: These nodes are just the replica of what exists on a computer or other type of hardware device; they enable one to keep track of cryptocurrency transactions that have occurred on the blockchain. Nodes are essential in blockchain structure as it establishes trust in the network and enables cryptographic and transaction clearing, allowing it to function and survive.

3. Assets: Assets can be termed tangible or intangible records that are used to describe the digital sphere. Assets represent a form of ownership that is used in higher levels of definitions. A blockchain asset could be a Bitcoin or a digital gold, a stock, or a title.

4. Ledger: A ledger refers to the accumulation of all transactions and alterations within a blockchain framework. Every transaction is marked down and is immutable. A ledger holds the record of all actions that are done on an asset and which requires permission to be viewed.

5. Actors: Actors are the participants that enable blockchain systems to recognize users and let them see or modify an asset. Actors are mainly a group of users that are present within an organization.

Check this out: Top Blockchain Companies

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