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Cryptography - Types and Advantages of Cryptography

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Ayesha Ayoub

Blockchain technology can help immensely in banks, insurance, health and pharmaceutical industry, supply chain of many sectors (agribusiness, luxury, international trade, distribution, wines, aeronautics, and automobile), music industry, energy, and real estate. Blockchains have the potential to replace most of the centralized "trusted third parties" including banking trades, notaries, land registry, etc. by distributed computer systems.

 

1. Medicines / Pharmacy

Blockchain technology can be used to improve drug integrity. If drugs can be clearly identified and tracked from production to consumption, it could save up to one million lives each year. Because DHL is already working with Accenture to establish a track-and-trace serialization system based on blockchain technology.

 

"At the moment, there are already more than 7 billion unique pharmaceutical serial numbers in the system. In addition, the system can now handle more than 1,500 transactions per second," said Scott Allison, DHL's President, Healthcare.

 

Allison has not only the capacity of the system in mind. For example, track-and-trace serialization should reduce costs, increase security and confidence, and eliminate error-prone data movement. The technology can add additional verified information to the element, which cannot be manipulated. The validation is carried out by all participants.

 

"THE SYSTEM NOT ONLY MEETS THE GLOBAL SERIALIZATION REQUIREMENTS, IT EVEN SURPASSES THEM," Says Allison

 

2. Fashion / Fashion

The CGS project allows consumers to track the entire lifecycle of a garment. This brings together companies from the fashion, apparel and consumer goods sectors to work together. With this solution, consumers no longer need to rely blindly on the value in sustainability fashion. Blockchain technology allows tracking of sustainability and conformity of the garment

 

3. Cross-border payments

In developing and underdeveloped countries, access to capital for small food producers is often a big problem. Binkabi is a cross-border agricultural trading platform that is breaking new ground with the help of a block bridge solution from Sweet bridge. Thus, a system for fair commodity trading is to be developed.

 

A blockchain banking solution has recently been announced by IBM. This is intended to make international payments faster and more cost-effective.

 

4. Food safety

In the area of food safety, IBM is working with food manufacturers Dole, Nestlé, and Walmart. Thus, the data of breeders, suppliers, processors, traders, retailers not only to all parties involved but also to the supervisory authorities and consumers are available. So every transaction can be traced and all information about the food can be viewed. With all members of the food system having access to the blockchain, contaminated food can be quickly removed from the production and supply chain before it reaches the shelf.

 

The World Wildlife Fund (WWF) "tracks" fish and seafood using blockchain technology. In this project, the technology should help in the fight against illegal fishing. However, full traceability of fish and seafood is also of interest to fish wholesalers and fish retailers, as they want to prevent their products or brands from being associated with illegal activities.

 

"CONSUMERS ARE ALSO INCREASINGLY SLANDERING FOR FULLY TRACEABLE FISH AND SEAFOOD THAT ARE NOT FROM ILLEGAL FISHING," says Bubba Cook, WWF's Western Central Pacific Tuna Program Manager.

 

5. Humanitarian Crises

Blockchain technology is not just used by companies. The United Nations currently uses blockchain technology in 16 areas, including:

 

· World Food Program (Refugee Aid)

 

· Office for the Coordination of Humanitarian Affairs (donor financing, safeguarding, and monitoring of supply chains)

 

In addition, it is currently being investigated how blockchain technology can be used to tackle current problems, such as child trafficking, according to Mahrinah von Schlegel, Managing Director of Nonprofit Embassy 2.0.

 

As part of the public-private partnership ID2020, Microsoft and Accenture have announced a partnership. The goal is to give 1.1 billion people a legal form of identity and identification using blockchain technology.

 

6. Jewelry

In collaboration with Everledger, the jewelry company Brilliant Earth intends to use blockchain technology to accurately track the origins of diamonds and other gems. This ensures that only conflict-free stones are processed.

The simplest definition available as to, what cryptography is is that it is the science of using mathematics to encrypt and decrypt information, which means putting into or decoding from a mathematical language. What are the ways to use this technology and learn what are advantages? So, as you can see, this seems as though cryptography would be very difficult. Nevertheless, this is important because everything on your computer is stored in cryptography.

Cryptography becomes even more complex though. This is because humans recognize numbers as digits from 0 to 9, but your computer can only recognize 0 and 1. As such, this binary system uses bits instead of digits. In order to convert bits to digits you will need to multiply the number of bits by 0.3. This will then provide you with a good estimation of what it stands for.

Now there are some other definitions that are important to understand here. First, you should understand that a brute force attack is when all of the possible combinations of numbers are used to either decrypt or encrypt materials. Secondly, a dictionary attack occurs whenever a person tries using all possible known passwords, which is surprisingly a small amount, to form an attack. Of course, there are some people, such as the government, who would profit from knowing cryptography and are thus known as an adversary. On the other hand, those who should not profit from this access are known as a key logger.

All of this probably still sounds very difficult to understand. This is why it takes so much education if you want to work as a cryptographer. There are only some people who can truly understand all of this and thus use it to help all of the rest of us with our daily computer needs. Of course, it is also why the people who work in this field make such good money doing so.

Why do you need cryptosystems, Government, private companies and universities exchange data over Internet with their trusted partners? They want full secure data exchange; no hacker or third party should be able to intercept the important data. To over come privacy, secrecy and importance of data being hacked or stolen, cryptography provides two kinds of cryptosystems.

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