Anyone who has been dealing with blockchains in the business environment in recent months knows this: Smart Contracts are almost like magical problem solvers, from the automated billing of solar power and other goods deliveries, to the independent triggering of contract penalties in closely monitored areas such as the agreed maximum temperatures of a cold chain. The potential applications are versatile, and they even seem endless. But how much of it is true and how much is just hype? And above all: What is the actual technology behind it?
Blockchain-based applications have been the talk of the town for several years. It is always very easy to talk about the "decentralized revolution", and management is sure to have a number of great ideas on how you can improve your own product with a decentralized app (DApp). The fact that tangible technical issues can appear along the way is not necessarily obvious at first glance. This article therefore introduces the reader to the "oracle issue", which is the seemingly simple process of making entries in blockchain applications.
Even as market speculation takes over the conversation around blockchain and cryptocurrencies, developers remain focused on building real businesses. For the blockchain industry, 2018 has been the year of infrastructure. Next year, the potential of distributed ledger technology will be felt by the mass market as the industry turns its attention to dApps.
Zhuling Chen introduces the serious potential of side chains on a blockchain, for reducing the congestion that comes along with a higher volume of users, so that transactions are not slowed down. With this new technological infrastructure a parallel processing will be easier and allow a higher level of customization of dApps. It is the way to handle a high traffic and speed up the system.
Smart contracts work differently to what we’re used to, as they run and execute on the blockchain, not on your computer or smartphone, and this requires a change in thinking while writing code. Here are a few tips that should give you a clear idea of how to properly write smart contracts.
Decentralized applications (also called “dApps”) are quickly growing in popularity, despite the frequent challenges that come with early stage technologies. What is the current state of building Dapps? Do Dapps scale? Are they worthwhile to build? What are some common development considerations? Let’s evaluate the current maturity of this rapidly evolving ecosystem.
The success of the Blockchain technology has brought the idea of "Smart Contracts" back into focus. This article describes the functionality of current blockchain solutions and shows for which application scenarios they are suitable as smart contract platforms.
Solving the cybercrime problem is an important process of letting technology continue quality development. In terms of cybersecurity, blockchain technology offers much more than the usual centralized system or database.
The blockchain hype continues to haunt the world of technology. Meanwhile, numerous banks and software companies have also become aware of this and are trying to place corresponding products on the market. However, anyone who gains a deeper understanding and knowledge of blockchain technology will come to realize its disadvantages. Despite being regarded as a disruptive technology, it may be much more suitable for special applications rather than for the general public.