Blockchain Community India will also play a great role in informing and bringing Blockchain Technology into daily lives of people
Blockchain Community of India has a very clear and progressive vision.
AI Community India is looking forward to tapping this opportunity firsthand and develop itself into a leadership position at least in domains of these eleven traditional businesses.
For this, we have partnered with the experts of these business areas who will work with our engineers and AI experts to help them develop applications that are not only transparent and secure due to usage of blockchain community India but will also be the front runner to help make big business decisions.
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In the last two decades, we have drastically changed the way we perceived and adapted the tech.Right now, the technology innovation seems to be moving at the speed of light.
According to IBM, in the next ten years, the Internet of Things (IoT), Blockchain Technology, Virtual Reality (VR), Artificial Intelligence and Machine Learning is said to change how every sector performs an activity.
And, it is for the first time; the finance sector is said to go through a disruptive change due to blockchain technology.
Let’s see what is Blockchain Technology.BLOCKCHAIN:The chain of blocks is simply defined as a decentralized, distributed ledger that records information inside the block in an encrypted programming language.
This encrypted, stored information is unalterable and transparent through the use of cryptographic hashing.To simplify, blockchain technology is like Google Docs shared with a group of people where the members in the group will get to know about who does what in a shared document along with the time-stamp.
It makes it easy for everyone to act responsibly and keep the information transparent.
With the advent of bitcoin by Satoshi Nakamoto in 2008, blockchain technology came into the limelight.
But, it is quite easy to understand what blockchain technology is once you break it down.Due to the high demand of blockchain technology and its constant growth, the jobs in this field have a lucrative pay scale.
The database is accessible to all but has heavy encryption that makes the possibility of a data breach extremely low.Another notable feature of this Blockchain technology is that the information, once stored inside the blockchain, cannot be altered.
Moreover, with features like reliability, immutability, privacy, trust, blockchain technology is still gaining immense popularity.
Also, no central authorized companies handle it.How does blockchain work?To know how blockchain works, it is vital to know about the three main concepts – blocks, miners, and nodes.BlocksEach chain has numerous blocks.
It is arbitrarily generated during the creation of a block.Hash – It is a 256-bit number added to nonce.During the creation of the block, the nonce produces the hash.
Yes, Today we are going to discuss about the concept “Blockchain In Telecom Industry” .
We already know that Blockchain have started to transform many industries like banking, SCM, Fashion, Food, Medical and so on.
Existing problems in Telecom Industry
( i.e) the number of mobile internet users in India is about 358.46 million people (2018) This would increase in count furthermore, so as of 2021 the count will be nearly 462.26 million.
Based on the market share and customer base, the list ascends as follow.
Cost per Minute ( Acquiring charge of connecting STD,LOCAL, ISD calls per Minute)