What is Blockchain Distributed Ledger Technology The blockchain
What is Blockchain (Distributed Ledger Technology)? The blockchain is a database or ledger that maintains a continuously growing list of records or transactions. Permissioned Secure Distributed Trusted P 2 P Transactions – Distributed Network – Consensus Automated
Different Ledger Systems • • • Centralized Encyclopedia Britannica (1768– 2010), 4, 411 contributors 32, 640 Content Pages (2010) Expensive Outdated Slow Limited • • • Decentralized Wikipedia (2001 -2017) 120 k out of 31. 6 million registered users have edited in the last 30 days 5, 472, 555 content pages Free Constantly updated or noted Fast, interlinking subjects Unlimited
A Legitimate Use Case: Refuge to Return
Cross-border credit history
A Digital Economic Identity Definition: Digital or electronic credentials defining a person or persons and their history or histories of financial, occupation, life events and other interactions in the world economy. Trust-Network Enablement Information: family and trusted relationships business, govt. , diaspora relationships Personal Information Baseline: demographic property and assets credit and transactional history health records IDENTITY IS THE FOUNDATION OF ALL TRANSACTIONS
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