Modern Information Systems

What is Hyperledger Technology?

Hyperledger Fabric is an implementation from blockchain framework, hosted by the Linux Foundation. It is an open source enterprise-grade permission that makes use of distributed ledger technology. It is a platform that deploys blockchain networks with the platform providing smart contracts, the ledger, and providing a consensus between the members through maintenance of the Fabric protocols. Fabric is designed for use by businesses with the blockchain itself being operated by a set of known participants. These participants are re-identified and vetted through a concept called the permission blockchain.

The blockchain also provides a way of securing an interaction among a group of entities who know each other and have common business interests.… Read the rest

Abey Francis

How Does Blockchain Technology Work?

The ability to own and to transfer assets via transactions is at the heart of economic value creation. And to keep track of these business agreements, market participants have always relied on ledgers. But to make sure that these ledgers remain accurate and are not being tampered with by fraudulent market participants, most business networks rely on central, trusted parties, such as banks or other intermediaries, to oversee these business ledgers and to validate each transaction that is taking place within the network.

This need for an intermediary has become even more important in the modern age, as assets have increasingly been digitalised and central third parties are required to make sure that a digital asset is not duplicated and spent more than once by the same party.… Read the rest

Abey Francis

Blockchain Technology – Features, Types and Benefits

A Short History of the Blockchain Technology

When an unknown scientist under the pseudonym Satoshi Nakamoto published his white paper about Bitcoin – a “purely peer-to-peer version of electronic cash”– in 2008, it was not the cryptocurrency itself but its underlying mechanism, known today as the blockchain, that was considered revolutionary.  But overall awareness of the blockchain technology remained rather limited, as Bitcoin itself was not yet widely known.

Starting in the year 2012, increasing activity surrounding Bitcoin could be observed, as the cryptocurrency’s market capitalization grew and start-ups in the field of payments and coin wallets started to emerge. But still, Bitcoin and the underlying blockchain remained subject to a general scepticism, being associated mainly with the financing of rather sketchy online activities and other misconceptions.… Read the rest

Abey Francis

Artificial Intelligence vs Human Intelligence

Artificial Intelligence is the art of programming computers in order to produce intelligent behavior, whereas brain theory is the study of the brains function, to understand how the brain functions, the stimulations that go within and how outputs are produced via mathematical modeling and computer stimulation. It can be argued that both contain similar characteristics for functionality, both works together, this can be seen through artificial intelligence used to understand the roles of brain mechanisms. Furthermore both are involved in high cognitive task, such as reasoning, problem solving and decision making. Although some philosophers have accepted that machines can do everything that humans can do, some disagree with this view arguing that such high sophisticated behavior such as love, emotions discovery and moral decisions can only be carried out by humans.… Read the rest

Abey Francis

Internet of Things (IoT) Connectivity Landscape and Security Challenges

IoT refers to the Internet of Things. The Internet is connected to any device (including cell phones, cars, home equipment, and other wearable devices integrated with the sensor system) so that they can exchange information with each other over a network. The concept of the Internet of Things (IoT) as a network goes back to the 1980s, from where it took momentum later on to become the future of the internet. Over a couple of decades, we have seen diversified technologies in communications emerging and reflecting upon different applications and their requirements as they satisfy the needs of both personal and commercial use. … Read the rest

Abey Francis

Integration of Blockchain and Enterprise Resource Planning Systems

Blockchain Technology

As a way to increase data security for transaction, a new system that allows these transactions to occur automatically more securely and without an intermediary has been conceived. Blockchain or (Distributed Ledger Technology) was developed in the aftermath of the 2008 recession to deliver transparency, security, and efficiency in managing transactions between multiple parties. This concept is now being implemented or considered in many business models worldwide.

What really is Blockchain? In its simplest form, Blockchain can be described as a private, secure network that uses cryptography to keep exchanges secure, provides a decentralized database, or digital ledger, of transactions that everyone on the network can see.… Read the rest

Abey Francis