Distributed Supercomputer using Blockchain and Machine Learning
Our Solution We built a Distributed Supercomputer where any computer on the internet running Windows, Mac or Linux could serve as a node. The nodes that are used for distributed computing are clustered using the Expectation-Maximization algorithm which buckets similar nodes into a cluster. The assignment of a node for doing a computational task is […]
Existing blockchains – A comparison analysis
At Ideas2It, we evaluated the top 3 blockchains and here’s the result. We are passionately following the Nebulas blockchain and are experimenting more. Stay tuned for more updates!
Why Hyperledger For Permissioned Blockchain
2017 was the year of Blockchain. Bitcoin and other cryptocurrencies rose in value, and several businesses adopted blockchain for various use cases. One flavor of blockchain that is the subject of discussion especially in institutions that have sensitive data and regulatory compliances, is permissioned or private blockchain. Permissioned Blockchains Permission-based blockchains could add value that […]
How Blockchain Will Drastically Alter Recruitment
Blockchain is bringing about a tremendous change in the way that businesses work and is increasing the efficiency of businesses. A blockchain is a decentralized database that works based on a node to node agreement. For a block to get added in the database, a request or transaction needs to be approved by multiple members […]
Why Are Businesses Running Towards Blockchain?
With Blockchain having become the go-to word over the past few years, many organizations are looking at integrating blockchain without considering whether their products essentially require implementation of blockchain. The total consumer market for blockchain, according to markets and markets, will reach more than $7.5 billion by 2022, a rise of around 30.81% from 2016. […]
Why Blockchain Matters to Smaller Businesses?
There are many disadvantages that small businesses face when compared to their larger peers in the current business economy and atmosphere. Despite the fact that these companies are integral to the growth of GDP and other national barriers, many of them face high barriers to entry and cannot protect themselves from factors that barely affect […]
Blockchain’s Disruption of Marketing
The marketing industry is a fluid industry that needs to keep abreast with all new and upcoming technological changes and behavioral shifts amongst customers. In 2016, we saw the adoption of ad blocking in marketing. 2017 and 2018 has seen some integration of blockchain with marketing solutions. As mentioned in our previous articles, the use […]
Blockchain Technology Applications And Use Cases
Recently, Bitcoin reached an alarmingly high price of $17,900. This was followed by a steep reduction in the price of the coin finally stabilizing around the $11,000 range. Due to this increased visibility of bitcoin, blockchain technology has gained a lot of attention. Along with the obvious financial applications of this technology which has gained […]
Permissioned Vs Permissionless Blockchain
Blockchain is the latest in a long line of tech that’s everywhere; businesses are increasingly jumping on the blockchain bandwagon for various reasons. The hard part is identifying valid use cases for your business to adopt. Once you’ve done this, the next question is about the tech itself. A common question these days when picking […]
How Will blockchain Increase Auditability
As blockchain has transcended beyond a buzz word, a lot of research is being performed on the impact this shift in cultural paradigm will have on traditional audit process. Facilitating audit and improving accountability is one of the major benefits of blockchain technology. The major current use of blockchain appears to be in the field […]