Blockchain is a public ledger that records all bitcoin transactions. It records all transactions that have ever occurred and is available to the public. Essentially meaning that everyone on the network can view each others account balances. Bitcoin being an online currency has all its information recorded online through the chains.
Peer to Peer Network
In addition Blockchain was able to solve the common problem with online currency known as double spending. It also means that the record cannot be altered retroactively without affecting all past blocks on the system. By storing data across the peer-to-peer network, it considerably reduces the risks that come with centrally held data.
Blockchain wasn’t invented as a supply management tool; yet, today it is helping to solve some of the most complex problems existing in global supply chains.
Contracts are going digital. With certain online asset transactions already using blockchain-based software as their primary mode of contractual agreement, what does the future hold for 'smart' contracts?
Lars Rensing, CEO of enterprise blockchain solution provider Protokol, believes that the launch of EU digital identities will allow the EU to make freedom of movement ‘even freer’, and allay concerns around data security by giving EU citizens control over their own data.
As the job market becomes more saturated during the pandemic, employers and recruiters will need to pay more attention to fraudulent applications. Here, René Seifert, co-head of TrueProfile.io, explores how blockchain technology can be deployed to combat CV fraud.
Salvatore Sinno, Chief Security Architect and Director of Cybersecurity Innovation at Unisys speaks to Open Access Government about how he defines digital transformation.
Alejandro Coca, Head of Business at TrueProfile.io, outlines the role that blockchain-enabled technologies can play in addressing the rise in skill shortages across the NHS.
Jeff Ruddle, Strategic Development Director at United Kingdom Accreditation Service, illuminates us on an aspect of accreditation that concerns the building block(chain)s of delivering confidence.
René Seifert, co-founder of TrueProfile.io, suggests that now is the time for healthcare regulators and NHS recruiters to turn to Blockchain-enabled identity verification services as post-Brexit ‘Global Britain’ takes off.
