Results tagged “blockchain”

Smart Contracts: Introducing A Transparent Way To Do Business

Smart Contracts: Introducing A Transparent Way To Do Business

Enterprises, irrespective of size or industry, are supported by written contracts. Unfortunately, these are often cumbersome and a source of business and legal conflict. A solution can be found in replacing traditional contracts with smart ones. A smart contract is an agreement, in the form of a computer program that is executed automatically once certain pre-programmed conditions are satisfied. On blockchain, the goal of a smart contract is to simplify business and trade between both anonymous and identified parties, sometimes without the need for a middleman. A smart contract scales down on formality and costs associated with traditional methods, without compromising on authenticity and credibility.

Some advantages of smart contracts are:

Has WannaCry Set A Precedent? Enterprises Need to Stay Prepared

Has WannaCry Set A Precedent? Enterprises Need to Stay Prepared

The WannaCry virus attack wreaked havoc in mid-May as it hit over 200,000 computers world-wide. The virus affected computers in 150 countries across North America, Europe and Asia, and the attack was the largest ransomware delivery campaign till date.

The National Health Service (NHS) in the UK was affected. Critical medical procedures had to be postponed, hospitals were unable to admit patients, and ambulances had to be diverted to other hospitals. Doctors had to briefly go back to pen and paper. In China, college and university students found their data encrypted by the virus. In Germany, the railway was affected, as was one of the largest mobile companies in Spain, Telephonica. The virus made its way to numerous other industries and businesses around the world.

Why These Times Are Calling For 'Coopetition'

'Why These Times Are Calling For 'Coopetition'
Collaboration and symbiotic relationships are common in nature, such as the one between clown fish and sea anemone.

Recently, a friend told me about an interesting paper in Scientometrics, a journal on science, communication in science, and science policy. This paper by Caroline Wagner, Travis Whetsell and Loet Leydesdorff on collaboration in the scientific community states that cross-national collaborative research papers have doubled from 1990 to 2015. This increasing collaboration has been caused by the need to exchange and share information for scientific progress. One can well understand the reasons for collaboration, say in astrophysics, where expensive and specialized equipment are used, or in virology as viruses know no national boundaries. The paper notes that there is high level of collaboration in other sciences too, such as in social sciences and mathematics.

Collaboration, however, does not elicit the same response in the corporate sector. Rather, it makes many cautious and wary. Here we thrive on competition - for market share, mind share, wallet share. Yet I feel this sentiment is changing and the days of competition as we know it are numbered.

Blockchain: What's In It For Your Industry?

Blockchain: What's In It For Your Industry?

Blockchain is set to disrupt almost every industry, and the possibilities it offers are not about to diminish anytime soon. A report titled 'Blockchain Distributed Ledger Market by Type and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023,' noted that the Global Blockchain Distributed Ledger Market accounted for $228 million in 2016, and this figure is expected to more than double to $5,430 million by 2023. This is an impressive compound annual growth rate of 57.6% from 2017 to 2023.

In this blog post, we illuminate on the potential this trust-based technology offers various stakeholders in different industries.

How food scanners, talking vegetables and blockchain are set to transform an industry

The food industry is in a sweet spot. Consumers are gravitating towards a food culture influenced by quality produce, health awareness and regulations. The demand for sustainable and ethical produce is compelling the industry to go back to basics. Science is replacing low-quality calories with nutritious alternatives, and creating cheese, seafood and meats from plant-based extracts. As technology disrupts food production, distributors need self-diagnostic quality control systems to ensure quality and safety.

In 2015, the European Commission instituted The Horizon Prize for a portable food scanner. The winning non-invasive food scanner will use innovative technologies to analyze and disclose food composition, nutritional, and allergen information. It will encourage healthy eating by empowering people to exercise discretion at the point of purchase or consumption. Prototypes of shortlisted solutions are being developed. Once commercialized, this food safety device may upend the food industry.

Rethinking Cloud: Designing the Right Cloud-App Strategies to Win Customers

Today's business is where the digital customer is, and enterprises must go the extra mile to create contextual, online user journeys for their customers. Data about every click, like, view, and share can be the catalyst for creating better offerings. Cloud-native solutions around Internet-of-Things (IoT) and blockchain need massive processing capability churning large volumes of data. Real-time data gathered from every device is essential to enhance product performance, and the need is to shift from data centers, to putting 'data at the center'.

Rethinking cloud

The Future of Consumption ─ A Closer Look

Sense, Analyse, Engage: How to Successfully Monetize Your Fan Ecosystem (Part 1)

I have a friend who still has a Betamax player from the 1980s. During that decade he enjoyed picking up videos from the rental store to watch movies at home. After a while the rental store only carried tapes in the VHS format. About two decades later, the store, and many like it, closed. At that point, people were overwhelmingly choosing to order movies to watch on their DVD players.

Today, of course, that consumption mode has been largely replaced by movie streaming services. If you look at that vintage Betamax player, you will realize just how rapidly a seemingly healthy market can be disrupted. Technology has been impacting consumption - time and again.

Technology Amplifiers for the Retail Customer Experience in 2017



Amplify the Human Experience [Source: https://www.youtube.com/watch?v=7A7Ym09nJyo]

I find it extraordinary that shares of Amazon have a price-to-earnings ratio of 173.35. That is amazing for any stock, but Amazon's unique situation tells us something important about the retail success of the company. Especially when it comes to amplifying the customer experience. That is, investors in the stock market place a premium on Amazon's ability to innovate and make its website and associated digital devices and platforms a seamless, one-stop shop for today's plugged-in consumers. Why else would a company have such a high p/e ratio? The answer: Investors have confidence that the company will keep pushing the digital envelope.

As I prepare for the annual "Big Show" of the National Retail Federation, where Infosys is presenting a host of tech showcases, I can't help but give readers of InfyTalk a brief preview. I am constantly asked what I see as the top technologies that amplify a customer-centric retail experience. The fact is: You don't have to be a global retailing giant to harness these technologies. They are available to all, and if you are able to get the combination of technology with responsive customer strategy right, you could well be on your way to being the next big thing.

Blockchain Tech Is Fundamentally Transforming Finance



CNBC: Meet The Blockchain [EN] [Source: https://www.youtube.com/watch?v=M1h8xkwmQfw]

I was amazed at what the CEO of Digital Asset Holdings, Blythe Masters, said recently in an interview with Bloomberg. With regard to the emergence of blockchain technology and the many cryptocurrencies floating around the capital markets, she said: "You should be taking this technology as seriously as you should have been taking the development of the Internet in the early 1990s." In other words, blockchain tech could become a watershed moment in the history of finance. Even the World Economic Forum (WEF) is predicting that blockchain technology could be a kind of 'tipping point' when it comes to widespread use of cryptocurrencies. Economists at the WEF foresee that by 2027, some 10 percent of the global gross domestic product will be stored using blockchain tech.

To be sure, I've heard it said many times that Bitcoin, for all the negative press around it, is onto something. It's not so much Bitcoin (and other cryptocurrencies), which has been used by mysterious figures across what's known as the 'Dark 'Net'. It's the technology that underlies Bitcoin that's catching the attention of established global banks.

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