Tags archives: blockchain-technology

Silicon Valley not only creates a foundation for the tech industry to develop future-ready products and services but also influences the operative mechanism of other businesses located inside. Stephen Silver, a premier timepiece and fine jewelry retailer is one of the leading examples following the footprints of tech giants. No, the high-end retailer did not develop artificial intelligence based software or a notch-less timepiece. In fact Stephen Silver embraced Cryptocurrency technology as a preferable mode of payment back in 2014, ...
Food fraud is rampant throughout US restaurant and supermarkets. Trust is declining in the food industry. Is there any way to go back to the roots and verify the origin of the meal we are having now? What if some adulteration occurred while the food traveled from a farm to our kitchens? The World Health Organization projects that 1 in every 10 people become ill each year from contaminated food, with 420,000 dying as a result. Back in 2006 and 2015, during E.coli outbreak in the US led to the loss of thousands of human lives. Adding t...
According to the definition, Blockchain is a distributed database; that maintains a continuously growing list of records, called blocks. Every block contains a timestamp and also a link to a previous block. More technically speaking, it is a digital ledger; where the transactions made in crypto-currency(or bitcoin), are recorded chronologically and publicly.  Interestingly, last year an Indian multi-national bank; ICICI bank announced that it has successfully used the blockchain technology; to execute transactions in International Tra...