Jai's Blog

Referred Link - https://www.linkedin.com/pulse/enterprise-guide-blockchain-abhishek-prasad

The blockchain is undeniably one of the most trending technologies at the moment. Originally devised for the digital currency – Bitcoins, Blockchain has expanded its dimensions and now holds the potential to disrupt the way a business operates – in any sector.

While it is still believed to have a lot of unidentified potentials, it has become important for every tech-enthusiast and even business firms, to understand what it is, how it operates and how can it bring a difference to their business. In this article, we shall try to explain the same.

Blockchain and Distributed Ledger – What are they?

In simple terms – Blockchain is an incorruptible and immutable digital ledger that holds the records of every transaction.

Distributed Ledger is a simple database of transactions that securely records the information across a peer-peer network. The transactions are shared and synchronized across several computers and locations without any centralized control.

The parties involved in the transaction own an identical copy of the record, which is updated in real-time if any additions are made.

What are Smart Contracts?

Smart Contracts are self-executing contracts that help a transaction to take place without the involvement of a third party or middlemen. They are programmed in such a way that they trigger payments or any other relevant action as soon as the proposed conditions are met. Real-Time information like the asset GPS data are examples of triggers that initiate a transaction.

How does Blockchain work?

A Blockchain stores data in nodes that are immutable once stored. When a transaction happens between a peer-peer network, the data is recorded and each participant is able to review the entry and approve, reject or verify depending upon the information available. Once approved, the data is stored in blocks or nodes that are stored in chronological order – or chain and cannot be altered with the consent of all the participant involved.

What are the different types of Blockchain networks?

There are 4 types of Blockchain network available as of now.

Consortium Blockchain – This is presently the most popular form to establish a blockchain network. In this, the approval of information is controlled by a previously selected party or individuals – a group of corporations for example.
Semi-Private Blockchain – These networks are run by a single company that allows access to a transaction to individuals who have cleared the terms and condition to be eligible for the same. This is gaining popularity in the B2B market.
Private Blockchain – They are 100% centralized and private networks that are controlled by a single organization and hold the power to control who reads or participates in a transaction.
Public Blockchain – The information is public and anybody can read or participate in the approval process. Although users can opt to be anonymous, the details are public and anybody can be a part of it. Bitcoin is an example of the same.

Benefits of Blockchain

The potential of blockchain in now in open and so is the plethora of benefits it brings along with itself. Let us have a look at some of them.

The peer-peer network removes any third party intermediaries like banks etc
The consensus, approval and the verify processes happen in real-time which ensures faster transactions
Every involved participant has the access to the information stored in blockchain and no alteration can be done without the consent of them. This brings trust and transparency to the entire system
As the distributed ledger systems are decentralized, they provide faster ROI and help businesses create a better business model that brings them more profits
The networks are highly secure and impossible to hack. This reduces any fraudulent activity to take place and promises to bring a reliable business platform to ensure productive business activities
Blockchain’s algorithms are programmable and can be used to automate systems on the basis of prior terms and conditions

Some of Blockchain Use Cases

As blockchain are becoming more and more popular, different business sectors are trying the accept this technology and make the most of it.

Financial Services – With blockchain, the security of asset or money transaction can never be compromised and money transaction can be held more securely.
Voting – With the introduction of this technology, audit trail of election’s votes can help track the voter’s identity store the data securely.
Supply Chain – Blockchain can help to easily track down any information regarding the product – where and how it has come to the end user. W the help of Smart Contracts management of these data will be easier and more secure.
Real Estate – The real-estate industry involves a great deal of paperwork and in-out transactions. With the help of this technology, the information can be stored securely and can be tracked down without the involvement of any intermediaries.
Utilities – Peer-to-Peer energy trading among utility conglomerates, automated billing for autonomous electric vehicle, solar energy etc can be benefitted with help of Blockchain

I am excited to see what this technology will bring to us in 2018. I hope this article gives you an idea of what it is and how your business can benefit with this.

This article was originally published at Aexonic Blog

Referred Link - https://www.linkedin.com/pulse/machine-learning-making-difference-abhishek-prasad/

Machine Learning (ML) has given a whole new meaning to data. It has, in all true sense, completely transformed the way we look at data and information. Even a minute detail can be very important for a business, and this is what this technology has made us realize. It has also become the foundation of various other new technologies and is supporting them to grow – Artificial Intelligence and Chatbots are the perfect examples.

It has already entered various sectors from healthcare to transportation and even sales and marketing. It is also being used by governments to simplify the way processes and the information is being handled. It just needs to be adopted by more and more organizations to bring a change. Considering the trend, that day is not very far when machine learning enters every business domain.

In this article, we shall discuss few advantages of Machine Learning and areas where it is or can make a huge difference.

ML is being used to provide a personalized shopping experience by capturing and analyzing customer data. It is indeed the future of Retail
Agencies like public safety and utilities have sources of data that can be mined for insights. It can generate insight and can be used to provide customized service to end users
Customer information like past purchases etc is being used by websites to promote similar items
It is useful in detecting fraud and minimizing identity theft. Sensor data can help identify ways to increase efficiency and save money
Analyzing data and identifying patterns is what helps in making effective route planning and predicting potential problems
Wearable devices and sensors are a huge source of data, ML can be used to find potential threats and suggest preventive measures
Experts use it to identify trends that can help to improve diagnoses and treatment
ML is helpful in understanding a student’s strengths and weaknesses and developing a plan according to their understanding. Their past results and capabilities can be mapped to provide an effective study routine

Machine Learning can indeed be a game changer and be very useful in proving very useful insights that can prove to be very critical for many businesses. It can help them find their competitive advantage which can help them lead in their respective business domain.

Originally featured in Aexonic Blog

Referred Link - https://www.thriveglobal.com/stories/19881-13-things-you-should-give-up-if-you-want-to-be-successful

”Somebody once told me the definition of hell:

'On your last day on earth, the person you became will meet the person you could have become.' — Anonymous"

Sometimes, to become successful and get closer to the person you can become, you don’t need to add more things — you need to give some of them up.

There are certain things that are universal, which will make you successful if you give up on them, even though each one of us could have a different definition of success.

You can give up on some of them as soon as today, while it might take a bit longer to give up on others.

1. Give Up On The Unhealthy Lifestyle

“Take care of your body. It’s the only place you have to live.” — Jim Rohn

If you want to achieve anything in life, everything starts here. First, you should take care of your health, and there are only three things you need to keep in mind:

Quality Sleep
Healthy Diet
Physical Activity

Small steps, but you will thank yourself one day.

2. Give Up The Short-term Mindset

“You only live once, but if you do it right, once is enough.” — Mae West

Successful people set long-term goals, and they know these aims are merely the result of short-term habits that they need to do every day.

These healthy habits shouldn’t be something you do; they should be something you embody.

There is a difference between: “Working out to get a summer body” and “Working out because that’s who you are.”

3. Give Up On Playing Small

“Your playing small does not serve the world. There is nothing enlightened about shrinking so that other people will not feel insecure around you. We are all meant to shine, as children do. It is not just in some of us; it is in everyone, and as we let our light shine, we unconsciously give others permission to do the same. As we are liberated from our fear, our presence automatically liberates others.”

— Marianne Williamson

If you never try and take great opportunities or allow your dreams to become realities, you will never unleash your true potential.

And the world will never benefit from what you could have achieved.

So voice your ideas, don’t be afraid to fail, and certainly don’t be afraid to succeed.

4. Give Up Your Excuses

“It’s not about the cards you’re dealt, but how you play the hand.”
― Randy Pausch, The Last Lecture

Successful people know that they are responsible for their life, no matter their starting point, weaknesses, and past failures.

Realising that you are responsible for what happens next in your life is both frightening and exciting.

And when you do, that becomes the only way you can become successful, because excuses limit and prevent us from growing personally and professionally.

Own your life; no one else will.

5. Give Up The Fixed Mindset

“The future belongs to those who learn more skills and combine them in creative ways.” ― Robert Greene, Mastery

People with a fixed mindset think their intelligence or talents are pre-determined traits that cannot be changed. They also believe that talent alone leads to success — without hard work. But they’re wrong.

Successful people know this. They invest an immense amount of time on a daily basis to develop a growth mindset, acquire new knowledge, learn new skills and change their perception so that it can benefit their lives.

Who you are today is not who you have to be tomorrow.

6. Give Up Believing In The “Magic Bullet.”

“Every day, in every way, I’m getting better and better” — Émile Coué

Overnight success is a myth.

Successful people know that making small continuous improvement every day will be compounded over time and give them desired results.

That is why you should plan for the future, but focus on the day that’s ahead of you, and improve just 1% every day.

7. Give Up Your Perfectionism

“Shipping beats perfection.” — Khan Academy’s Development Mantra

Nothing will ever be perfect, no matter how much you try.

Fear of failure (or even fear of success) often prevents you from taking action and putting your creation out there in the world. But a lot of opportunities will be lost if you wait for things to be right.

So “ship,” and then improve (that 1%).

8. Give Up Multi-tasking

“Most of the time multitasking is an illusion. You think you are multitasking, but in reality, you are actually wasting time switching from one task to another “

— Bosco Tjan

Successful people know this.

That’s why they choose one thing and then beat it into submission. No matter what it is — a business idea, a conversation, or a workout.

Being fully present and committed to one task is indispensable.

9. Give Up Your Need to Control Everything

“Some things are up to us, and some things are not up to us.” — Epictetus

Differentiating these two is crucial.

Detach from the things you cannot control, focus on the ones you can, and know that sometimes, the only thing you will be able to control is your attitude towards something.

Remember: nobody can be frustrated while saying “Bubbles” in an angry voice.

10. Give Up On Saying YES To Things That Don’t Support Your Goals

“He who would accomplish little must sacrifice little; he who would achieve much must sacrifice much; he who would attain highly must sacrifice greatly.”

— James Allen

Successful people know that in order to accomplish their goals, they will have to say NO to certain tasks, activities, and demands from their friends, family, and colleagues.

In the short-term, you might sacrifice a bit of instant gratification, but when your goals come to fruition, it will all be worth it.

11. Give Up The Toxic People

“Stay away from negative people. They have a problem for every solution.”

— Albert Einstein

People you spend the most time with add up to who you become.

If you spend time with those who refuse to take responsibility for their life, always find excuses and blame others for the situation they are in, your average will go down, and with it your opportunity to succeed.

However, if you spend time with people who are trying to increase their standard of living, and grow personally and professionally, your average will go up, and you will become more successful.

Take a look at around you, and see if you need to make any changes.

12. Give Up Your Need To Be Liked

“You can be the juiciest, ripest peach in the world, and there’s still going to be people who hate peaches.” — Dita Von Teese

Think of yourself as a market niche.

There will be a lot of people who like that niche, and there will be individuals who don’t. And no matter what you do, you won’t be able to make the entire market like you.

This is completely natural, and there’s no need to justify yourself.

The only thing you can do is to remain authentic, improve and provide value every day, and know that the growing number of “haters” means that you are doing remarkable things.

13. Give Up Wasting Time

“The trouble is, you think you have time” — Jack Kornfield

You only have this one crazy and precious life. That’s why you owe it to yourself to see who you can become, and how far you can go.

However, to do that, you need to ditch meaningless time wasters and stop allowing them to be an escape from your most important goals.

To do that, you should learn how to take control over your focus, attention and make the most out of your 24 hours within a day.

Remember that you will die, so never stop creating your legacy and doing the things that will enrich your life.

Blockchain and Distributed Ledger – What are they?

What are Smart Contracts?

How does Blockchain work?

What are the different types of Blockchain networks?

Benefits of Blockchain

Some of Blockchain Use Cases

”Somebody once told me the definition of hell:

1. Give Up On The Unhealthy Lifestyle

2. Give Up The Short-term Mindset

3. Give Up On Playing Small

4. Give Up Your Excuses

5. Give Up The Fixed Mindset

6. Give Up Believing In The “Magic Bullet.”

7. Give Up Your Perfectionism

8. Give Up Multi-tasking

9. Give Up Your Need to Control Everything

10. Give Up On Saying YES To Things That Don’t Support Your Goals

11. Give Up The Toxic People

12. Give Up Your Need To Be Liked

13. Give Up Wasting Time

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Blockchain and Distributed Ledger – What are they?

What are Smart Contracts?

How does Blockchain work?

What are the different types of Blockchain networks?

Benefits of Blockchain

Some of Blockchain Use Cases

”Somebody once told me the definition of hell:

1. Give Up On The Unhealthy Lifestyle

2. Give Up The Short-term Mindset

3. Give Up On Playing Small

4. Give Up Your Excuses

5. Give Up The Fixed Mindset

6. Give Up Believing In The “Magic Bullet.”

7. Give Up Your Perfectionism

8. Give Up Multi-tasking

9. Give Up Your Need to Control Everything

10. Give Up On Saying YES To Things That Don’t Support Your Goals

11. Give Up The Toxic People

12. Give Up Your Need To Be Liked

13. Give Up Wasting Time

Total Posts

Search this Site

Connect with Me

Translate Articles

Total Pageviews

Contributors

My Achievements

My Favorite Links

Subscribe To

Contact Form

Blog Archive

Recent Posts

Followers

Report Abuse

Popular Posts

Comments