Blockchain technology provides a secure and transparent way to store and transmit data without the need for a central authority. This technology is particularly useful in situations where trust is a critical factor, such as financial transactions, supply chain management, and identity verification.
Application areas and use cases of blockchain technology
Cryptocurrencies: Blockchain technology is most commonly associated with cryptocurrencies, such as Bitcoin and Ethereum. These digital currencies use blockchain to securely store and transfer value without the need for a central authority, such as a bank.
Supply chain management: Blockchain technology can be used to track products and goods as they move through the supply chain. This can help improve transparency and accountability, reduce fraud, and increase efficiency.
Identity management: This technology can be used to create decentralised and secure identity management systems. This can help individuals control their identity information and reduce the risk of identity theft.
Voting systems: Blockchain technology can be used to create secure and transparent voting systems. This can help reduce the risk of fraud and increase trust in the electoral process.
Smart contracts: This technology can be used to create self-executing contracts, known as smart contracts. These contracts can automatically execute when certain conditions are met, without the need for intermediaries.
This story is from the May 2023 edition of Open Source For You.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the May 2023 edition of Open Source For You.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
How Much Open Source Is Too Much Open Source?
Intel’s OpenVINO toolkit helps developers by streamlining code writing, freeing them to concentrate on other vital project aspects. Al Evangelist at Intel, Anisha Udayakumar, elucidates on OpenVINO's versatility.
Kubernetes: A Dependable and Popular Platform
Kubernetes is more than just a tool; it serves as a robust platform, streamlining the deployment of applications, as well as their scaling and operation in various environments.
APIs: Helping Applications Communicate and Collaborate
Application programming interfaces APIs) have become integral components that facilitate seamless communication and interaction between different software systems. They play a pivotal role in modern software development, contributing to interoperability, scalability, and innovation across diverse applications. We delve into the fundamentals of APIs, exploring their definition, functions, types, and the significant impact they have on the digital landscape.
Languages for AI/ML: A Quick Look at Python, R, and Julia
We explore three open source languages used for Al/ML—Python, R, and Julia—highlighting their key features and advantages. You will get to know the diverse options these offer for A/ML development, so that you can select the right language for your project.
The Cost of Inaction: Exploring the Consequences of Ignoring lloT Security Risks
As Industrial loT IloT) integration surges, so do security concerns. Let’s delve into the rising threat landscape and the role of the security model in fortifying lloT defences and safeguarding critical infrastructure.
Ensuring Ethics in AI and Mitigating Bias
As AI solutions proliferate, ensuring they are not biased with respect to gender, religion, financial status, etc, has become of paramount importance. The good news is that there is a lot of work being done on that front.
Open Source Tools for Generative Al: An Introduction
Open source generative Al tools are software programs and libraries that enable users to generate creative and novel output using Al algorithms. They are smart and powerful, and enable various forms of content generation.
PHP Geek, FOSS Enthusiast, CTO and a Paediatrician
‘PHP geek, free and open source software enthusiast, CTO chief technical officer) of SANIsoft’ that’s how Dr Tarique Sani likes to describe himself. He’s qualified to be a paediatrician, but his love for open source has turned him into a geek for the past two decades and more. He recalls the good old days...
The Transformative Impact of Generative AI on Organisations
Generative Al is impacting organisations for the better. End users, company employees, developers and operations teams are all benefiting from it.
"Open source allows us to lower costs, accelerate delivery, and customise solutions to meet the market's fast-paced demands"
Open source is crucial for cost reduction and accelerated delivery of tailored solutions to meet market demands. At OSI 2023, OSFY’s Yashasvini Razdan got a chance to speak to Dr Biswajit Mohapatra, Head, Customer Solutions at Amazon Web Services, who spoke about how open source empowered businesses with flexibility, experimentation, and agile methodologies for genuine customer satisfaction.
