The most basic and simplistic definition of the blockchain
Technology is taking off here. It is a distributed general ledger technology that securely stores information across multiple systems to enable peer-to-peer transactions based on a trusted source.
This may seem tense at the moment, but once the blockchain has taken off, the influence of the middlemen will one day diminish to the point of becoming redundant.
Algorithmic trading has been in place for a long time now. Artificial intelligence has made it possible to evolve and adjust these algorithms in the same way as humans by evaluating the results and reworking the models, but at a much faster pace, with much more precision and less bias.
AI has the potential to replace and improve the thinking of analysts (by analyzing large volumes of data such as market data, brokerage reports, company annual reports, and results, etc.) and by formulating answers to questions to make sound investment decisions.
The blockchain can also be useful in some parts of the lifecycle, for example by making data accessible securely and securely for all, enabling functions such as effective proxy voting and reducing systematic risks such as insider trading.
Recent incidents in taxis have put taxi companies in the background. The problems were mainly driver-related, and in many cases, drivers had previous issues. The lack of sharing of information about incidents involving drivers between taxi companies aggravates the problem. Is there a solution? Would block drivers at the slightest hint of incident help? Should passengers be able to choose drivers based on a rating? Should the driver's assignment include such factors as travel times, location and gender of the passenger?
Is Blockchain a good way to improve security? Yes. The blockchain is a shared and distributed database. In this self-managed model, driver and vehicle information updates would be almost in real time. Using voice / facial / VIN signatures, driver / vehicle records are unique. By using the private/public key concepts, the updates are authentic. The assignment of the drivers for each trip can be validated in real time against the Blockchain database.
Is security the only case of use of mobility? No, there are many more, like market booths. Markets have been disrupted by the proliferation of the Internet. The Blockchain may trigger an additional level of disruption that could affect hedging markets. The main players in mobility can register themselves in the blockchain. The example entities are software providers, transportation software providers (individual companies/agencies), transportation service providers, state licensing and registration companies, and insurance companies. Smart contracts would provide real-time pricing based on different models using trusted external data providers such as traffic, gas prices, and so on. Driver selection/assignment can be integrated with intelligent contract logic that includes passenger risk appetite. No central organization is required, and everything is managed optimally and efficiently.
What are the benefits of using Blockchain and Smart contracts? Governance is as light as possible. The control is somewhat distributed. There is transparency in aspects such as pricing, asset information, etc. Right software modules can be reused/shared, reducing redundancy and maneuvering becomes less expensive for buyers. The amusement ride suppliers also earn a better margin. All this without compromising essential elements like security.
In summary, the mobility of the cabin is an excellent candidate for blockchain technology. One of the problems that concern us is to agree on a software solution from several products or services of blockchains / smart contracts. This raises the question "Where do I start?"
The future is still uncertain - whether it is a unified software platform for mobility or a federated software platform operating in compliance with global standards and interoperability.
Blockchains have opened a new world to create, store and distribute digital value. Some announced the blockchain as the next wave of technological revolution; others considered it a fad that would be limited to the underworld of "crypto cybercriminals." Some use arguments by analogy and equate blockchain technology with that of the Internet in the early 1990s. Others, more focused on the first principles, argue for savings made by the unit for more efficient execution of transactions. Thanks to the reduction of friction resulting from the design of chains of blocks. The jury is always on this subject. Maybe you will buy your coffee using cryptocurrency in the future, and you will have digital tokens for all the beautiful works of art in your home. Or maybe the world will be moved to the next big thing.
Saturday, October 13, 2018 6:06:00 AM