That’s why so many people teamed up to solve them–ąnd this eventually turned out to be another mass scale race. Speed and scalability being the major ones. And it’s the same for our industry.Īfter the initial excitement about this new piece of tech with blocks and chains, we have discovered more of its flaws. The race is still on–who will find the best, the most exciting, and the most groundbreaking use case will bring mainstream users in.
BLOCKCHAIN TRANSACTION SPEED SOFTWARE
We’re talking face recognition on Facebook photos, photo editing software with advanced filters, big data processors, etc. Now, it is used in almost every industry. First, it was a game of checkers and chess. It’s a great example of how far can we get with this use case race. This has been created to utilize computers to solve complex tasks and get better at it with every new attempt. It’s quite different from machine learning. For example, AR is now used by Boeing for wiring their aircrafts – a task that has no room for error in its whole complexity.
BLOCKCHAIN TRANSACTION SPEED PROFESSIONAL
After that, more and more companies and developers jumped on the bandwagon to use the devices for professional purposes. This was a normal strategy – the entertainment can spread the tech to the mainstream public. I mean, they had some, but for AR and VR it was only entertainment. They were so new that they needed a use case. This recent decade or two brought us some novel technologies. We raced for the highest flight and ground speed, the highest altitude we can reach, to the Moon, and many, many more.Īnd what tech races are happening right now? Simple: Augmented Reality, Virtual Reality, Machine Learning/AI, and Distributed Ledger Technology. We invent new technology, then a few early adopters develop it in parallel, and eventually, the adventurous and curious nature that brought us from stone tools to Large Hadron Collider makes us want to check and show which solution is better.
In fact, while a car was a completely novel piece of technology, people wanted to find which is better, hence– fastest. But don’t consider it just as an immature behavior. The first documented car race happened in 1867. And because members share a single view of the truth, you can see all details of a transaction end to end, giving you greater confidence, as well as new efficiencies and opportunities.In the race to create the fastest blockchain, it seems that it’s not obvious to everyone what it actually means. A blockchain network can track orders, payments, accounts, production and much more. Blockchain is ideal for delivering that information because it provides immediate, shared and completely transparent information stored on an immutable ledger that can be accessed only by permissioned network members. The faster it’s received and the more accurate it is, the better. Why blockchain is important: Business runs on information. Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting costs for all involved. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding). Blockchain defined: Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network.
0 kommentar(er)
