Modern society and commerce are based on trust and digital identities. Companies and organizations build a reputation for being trustworthy. Consequently, the trust in their products is based on the trust in the organization.Read more
Cryptography is one of the cornerstones of all blockchain infrastructures. Hashes link blocks together and public-private key cryptography helps secure data and verify transactions. A major advantage of blockchain is that its cryptography man es it virtually untamperable, with changes in the crypto being virtually impossible.
The anonymity provided by some blockchains is one of the largest attractions about this technology. For business adoption though identity on and off the chain is crucial, legally and logistically. On an entirely distributed, decentralized blockchain such as Bitcoin or Ethereum, this anonymity serves a purpose and encourages individual use. For business adoption however it poses problems.
Blockchain has become one of the biggest technological surges of this century. It has been, and still is, primarily used by individuals for unregulated financial transactions. However, if blockchain is going to live on and have a lasting impact, it will need to be adopted by businesses.
In this article we’ll be discussing why blockchains need to become auditable, and how this functionality will promote a wider development of this emerging technology.Read more