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Entrepreneurship and Digital Economy
Published in Ravindra Sharma, Geeta Rana, Shivani Agarwal, Entrepreneurial Innovations, Models, and Implementation Strategies for Industry 4.0, 2023
There are several digital assets that have been used in the evolution of e-money. A digital asset can be defined as information that is stored digitally and has value and ability to be used. This is a new concept that developed in the mid-90s where items such audios, files, videos, spreadsheets, among others, came into play. Today, digital assets incorporate websites, content management mainly for marketing, social networks, and high-end digital assets such cryptocurrencies. These digital assets have increased wealth creation and numerous opportunities for investment, especially during the COVID-19 pandemic. E-money technologies have come into play in the recent past. One such is block chain technology, which is a decentralized, digital ledger that acts as a database that helps store transactions in a manner that no alterations or delete is possible by anyone. The block chain has several blocks that store digital pieces of information.
Digital Legacy
Published in Maggi Savin-Baden, Digital Afterlife and the Spiritual Realm, 2021
Digital estate planning is the process of organizing your digital assets effectively to ensure that these are handed over correctly to your beneficiaries. Initially, this involves creating an inventory of digital assets and considering what dependents may need on death as well as considering what should be bestowed to whom. Digital assets include logins for social media accounts, blogs, investments, images, videos, files, messages, software, credit card reward points, bank accounts, shares, email accounts, websites and cloud storage. It is important to remember that not all digital assets can be shared, such as professional assets. Once all digital assets have been identified, they need to be stored securely and the executor named, and the executor needs to know how to locate the assets. One useful option is Cloud Locker (https://www.cloudlocker.eu/en/index.html) which is a cloud-based facility that you own and control physically as well as digitally, with patent-pending sharing and media control features. Other options include AfterVault (https://aftervault.com/) and Safebeyond (https://www.safebeyond.com/).
Blockchain-Based Medical Records for the Health Care Industry
Published in Vineet Kansal, Raju Ranjan, Sapna Sinha, Rajdev Tiwari, Nilmini Wickramasinghe, Healthcare and Knowledge Management for Society 5.0, 2021
Vidha Sharma, Rajiva Ranjan Divivedi
Blockchain technology was introduced by the pseudonymous developer of bitcoin (cryptocurrency), Satoshi Nakamoto, in 2008 to solve the problem of double spending, which began to emerge as a real-world technology option in 2016 and is poised to change the way the IT field has been operating. As it is an evolving technology, it will take years to become a lower-cost, more efficient way to share information and data between a group of people and organizations. Blockchain is a shared, immutable record of peer-to-peer transactions, sometimes referred to as distributed ledger technology (DLT), which makes the history of any digital asset or transaction unalterable and transparent through the use of decentralization and cryptographic hashing. To put it more simply, blockchain is a series or chain of secure blocks with timestamped records, which is stored in a database in chronological order on a peer-to-peer network. It uses a decentralized approach wherein copies of all the records and transactions are available to all the participating nodes on the peer-to-peer network. This feature introduces transparency and eliminates the need of a third party or mediator, as is required in a centralized system. Since the transactions are visible to all at all times and batches of transactions are hashed using secure algorithms, it makes it tamper-resistant i.e., any changes made to existing data will be immediately caught by the nodes having a copy of original data. In essence blockchain is a public distributed digital ledger. To understand the whole process involved, see Figure 6.1, which we will explain step by step.
2019-20 OMEGA Centre Seminar Programme, University College London, London, UK: Report on OMEGA seminar presented on 20th November 2019 entitled: 21st Century Megaproject Port Development and Logistics: Prospects and Problems in the use of blockchain, presented by Wolfgang Lehmacher
Published in Journal of Mega Infrastructure & Sustainable Development, 2019
Wolfgang Lehmacher, sometime Director and Head of Supply Chain and Transport Industries, World Economic Forum, Geneva, presented in this seminar an overview for the non-specialist of the current digital transformation in the ports and transport logistics industry world-wide, reflecting for illustrative purposes on the potential application of blockchain technology to megaprojects as part of the Belt and Road Initiative (BRI), and the international construction industry specialising in megaprojects. (Blockchain technologies may be defined as a decentralized, distributed ledger that records the provenance of a digital asset employing, for example, digital currencies. Such currencies, as in the case of Bitcoin, permits the recording of transactions on a distributed ledger across a network of stakeholder users).
Blockchain and the related issues: a review of current research topics
Published in Journal of Management Analytics, 2018
The blockchain will dramatically influence financial activities and will change the way financing operates (Fanning & Centers, 2016). Aiming to reduce payment costs and to improve transparency and freedom (Nguyen, 2016), many institutions, banks, and companies have joined blockchain projects (Assarzadeh & Aberoumand, 2018; Guo & Liang, 2016). Blockchain permits a decentralized network of ledgers to agree on the true state of shared data, such as a global payment system, exchanges of currency, intellectual property, equity, information, and other types of contracts and digital assets (Tapscott & Tapscott, 2016). Hence, the blockchain is a general purpose technology that can be used to trade scarce, digital property rights and to create novel types of encrypted platforms (Beck, Czepluch, Lollike, & Malone, 2016; Fanning & Centers, 2016; Mendling et al., 2018; Peters & Panayi, 2016).