Basics of blockchain

Blockchain, the technology behind cryptocurrency, has drawn global attention as it continues to revolutionise industries through disruptive and innovative means. The first use of blockchain technology dates back to 2009, when Bitcoin was born after Satoshi Nakamoto, the unknown founder of Bitcoin, mined the genesis block (Block 0).

According to IBM, “Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network.” Utilising a P2P (peer-to-peer) network to store information and data, blockchains are decentralised. This decentralisation has brought about data privacy that is needed today. …

Liquidity Automation Infrastructure for the Sharing Economy


With a global distribution network of devices across a myriad of sectors like aviation, education and healthcare, Netspot Solutions is a leader in device-sharing. With the advent of the sharing economy over the last few decades, Netspot has managed to leverage this self-propagating and sustainable economy to take steps towards its vision to create and implement a fully decentralized device-sharing network.

Through application of blockchain technology and machine learning, NetSpot enables administrators to have full control over the process of physically managing, distributing, charging, and monitoring an organisation’s fleet of devices. …


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