Cryptocurrency since its inception back in 2009 has created quite a market for itself. A lot of discussions have been put into Crypto mining. It is regarded by some as a savior as it has allowed the investors to get out of the centralized economic systems across the globe. Although there is one drawback to this new innovative digital currency and it is associated with its mining. Before discussing the issue related to mining for those, who are new to this topic let us briefly discuss what is ‘mining’? Mining can be termed as a form of computer control auditing which uses the full potential of a computer’s processor and hence consumes a substantial amount of electricity. This electricity produced through nonrenewable resources is not environment friendly nor cost-effective. Therefore it is deemed unsuitable for mining. This brings in ‘Cow Dung’ or it will be more polite if we say ‘biogas’.
Cow Manure a Relief for Already Depleting Fossil Fuels
Biogas produced from animal manure is a renewable source of energy. Fossil fuels on the other hand are not. Crypto Mining has long been blamed to use a large amount of energy for its mining purposes. The energy has been obtained mostly from fossil fuels. The burning of fossil fuels has resulted in the production of greenhouse gasses. This issue has gained so much importance over time, that even some of the tech giants like Elon Musk who himself has spent a huge fortune on Bitcoins — one of the Cryptocurrencies have said that, “Bitcoin mining was bad for the environment”. This defines a lot about the change in perceptions. The energy that is obtained through anaerobic digestion will not only be renewable but also eco-friendly.
Electricity Shortages and a Surge in Crypto Mining
As the world and especially the third world countries are facing a nose-dive in the energy sector, the crypto mining demands for more energy are ever-growing. This has brought the world to an unprecedented situation which no one had to believe a few years before. In the words of Professor Brian Lucey “Bitcoin alone consumes as much electricity as medium-sized European country”. It is not just hearsay by the professor, as in one of the researches conducted by the Cambridge University, an index suggested that 133.68 terawatt-hours of electricity were consumed by just Bitcoin mining in one year. On contrary, a country like Sweden consumes 131.8 terawatt-hours of electricity. This has forced the energy sectors of the world for new and indigenous methods and what better than ‘biogas’.
A life changer for the Livestock farmers
The production of energy from renewable resources can open a new horizon for the livestock farmers who waste a lot of animal manure annually. The biogas obtained through anaerobic digestion can help the farmers to start a lucrative side business for themselves. They can earn many times the amount of income that they can achieve if they would utilize the energy in some other way. They can start mining the crypto themselves. This is much lucrative for those farmers who have a large number of cattle at their disposal as they can produce more ‘green energy’. This will help the farmers to grow and will also facilitate the crypto industry.
How to Make Electricity From Animal Manure?
I hope you are convinced so far? If yes, then this leaves us with only one piece of the puzzle and that is how to turn the ‘Cow Dung’ into ‘Crypto Coins’. Well, let’s discuss it. The process of making electricity from animal manure is simple starting from gathering animal manure and then putting it in a digester with a continuous supply of heat to produce ‘methane gas’. Which is again burnt in an ignition engine to start a generator and from there the electricity is produced which in this case can be utilized in running the computers for mining the cryptocurrency.
Globalization has posed new challenges. The energy sector is the frontier for future conflicts. This brings us to the need to start answering these challenges with new innovative ways as the saying goes “Modern problems require modern solutions”……..
After McDonald’s, another fast-food biggie, Burger King, has jumped into the digital currency world. In a recent announcement, the company said that people who join their Royal Perks loyalty program and spend at least $5 using its app can win Bitcoin, Dogecoin, or Ethereum. interesting isn’t it?
After ordering, you should receive an email from Burger King featuring a link. Follow the instructions to claim your crypto. However, the offer is open only for US residents. The fast-food chain has partnered with online brokerage firm Robinhood to give away these digital currencies to a handful of winners. The eatery announced that they will give away 20 bitcoins, 200 ethereum, and 2 million dogecoins. To win, one has to open an account with Robinhood via the company’s app. The offer is valid till November 21.
“As a brand, we are always looking for ways to reward our most loyal guests with exclusive offers that are exciting, unique, and culturally relevant. Cryptocurrency (crypto) has been a hot topic of conversation recently, but we know it can be difficult to understand. That’s why we wanted to bring crypto to our guests in a way that was accessible and digestible (literally and figuratively) – through our food,” said the company.
A few days ago, McDonald’s had turned its item McRib into an NFT. They will be given away to 10 winners chosen as part of their sweepstakes. “Our McRib NFTs are digital versions of the fan-favorite sandwich – almost as saucy as the McRib itself- and we’re giving them away to a few lucky fans on Twitter beginning November 1,” said a release by the company. This offering comes on the occasion of McRib’s 40th anniversary.
Bringing NFT into the beverages space, a liquor company sold its own NFTs and it was a big hit. Glenfiddich Whisky sold 15 bottles of rare whisky priced at Rs 13.5 lakh each, with NFTs. According to PR News Wire, the brand partnered with BlockBar, a non-fungible token (NFT) marketplace, to launch a series of 15 limited edition liquor NFTs. The tokens not only allow buyers to show off their whisky purchases but also act as proof of ownership. The bottles were reportedly sold out within seconds.
According to the Burger King Crypto website, the chain has partnered with investment app Robinhood Crypto for the promotion. Between today and Sunday, November 21, Burger King will be giving away 2 million Dogecoin, 200 Ethereum, and 20 Bitcoin. As of this writing, one Dogecoin is worth $0.27 cents, one Ethereum is valued at $4,356, and a single Bitcoin clocks in at $61,807. (Burger King puts your odds of winning a Bitcoin at 1 in 100,011.) .lets go get ours.
read more about the blockchain world: Everything You Need to Know About Anthony Pompliano!
Anthony Pompliano is a founder and partner, at Morgan Creek Digital, a pioneering asset manager that invests capital on behalf of institutional investors in the Bitcoin and crypto ecosystem. He is also the founder of – Off the Chain, the most famous podcast and regular newsletter in the industry. Mr. Pompliano developed and sold a variety of businesses prior to his work at Morgan Creek Digital, before overseeing various Product & Development teams at Facebook and Snapchat.
He played football at Bucknell University prior to working in tech and worked on a duty tour in support of Operation Iraqi Freedom.
His ability to think critically has greatly influenced his business: a multi-strategy investment company aimed at providing strategic customers with access to blockchain technology and digital assets. This has also enabled him to become one of the leading lights in the transition of cryptocurrency.
He even hosts The Pomp Podcast that covers interviews with venture capital and crypto industry superstars such as Chamath Palihapitiya, Mark Cuban, etc.
In 2021:
In Sep, a new investment fund focused on his individual and brand identity was introduced.
Morgan Creek is investing $50 million in BlockFi crypto lenders.
Best tweets by Mr.Pompliano:
“Blockchain is to the next 150 years what the combustion engine was to the last 150 years.
One changed the way we transported things in the physical world.
Blockchain changed the way we transport things in the digital world.
Don’t miss out on the revolution.”
“There are millions of people around the world who own cryptocurrencies. 10 years from now, it will be billions.”
“Goldman Sachs NASDAQ New York Stock Exchange Bloomberg JP Morgan. They’re all jumping into crypto. It’s happening. We’re going mainstream.”
Anthony Pompliano has spent much of his recent years singing the praises of cryptocurrency, with a special focus on bitcoin. In 2019 he admitted to holding half of his assets in bitcoin, which “Shark Tank” investor Kevin O’Leary lambasted him for, calling the move “crazy.”
Later, Pompliano revealed that he had even raised the percentage of his money that was invested in bitcoin to around 80 percent of his total assets. His solo firm Pomp Investments invests in early-stage companies and his estimated net worth isn’t known.
Since Snapchat had drawn him away from Facebook with the promise of a $240,000 annual salary plus $3.5 million in stock options that would be vested after four years, Pompliano claimed that he would have had $5 million at the time of the suit if he hadn’t been terminated so quickly.
Pompliano also co-founded and became a partner at Full Tilt Capital, an investment firm focused on early-stage companies. Full Tilt Capital eventually was acquired by Morgan Creek Capital. Through Morgan Creek Capital’s backing, Pompliano co-founded Morgan Creek Digital Assets, which specializes in blockchain and digital assets.
One reason Pompliano is optimistic about bitcoin is that it will hold value regardless of global instability. He said in a Squawk Box interview on CNBC that people might invest in bitcoin because it’s “controlled by software and cannot be manipulated by a single country or politician.”.He is marked as the crypto bull and enthusiast for bitcoin.
We all have tried a myriad of methods to convince our fathers, to devote part of their hard-earned money to bitcoin, crypto-investments, but most of us have failed badly. For decades in a socialist state, the Asians have a greater tendency to trust in centralized authority, treating political leaders as leaders of the community. Our “intellectual” ideas aren’t just funny, but also too crazy for the generation of our peers.
With more governments around the world entering the authoritarian camp, developing powerful hand-held leaders and authoritarian rulers, the emergence of the Bitcoin class is imminent. This class holds not only a shared social and economic status, as well as a specific theory on right to life. Most significantly, the resources gained by this segment would not be redistributed by social instability, such as conflicts, revolutions, and any future political acquisitions. The Bitcoin class is going to be resilient to all of these and peacefully transfer along with hereditary capital. For the first instance, category classification is not based on the amount of income, profession, or any decides, but on a string of binaries in your cold storage that users can sign and confirm. I can expect that this category will be a powerful influence push in generations to come, affecting all facets of social revolutions and policymaking.
We live in a delusional world. Central bankers keep printing down to infinity. The industry is divided, and agreement is impossible to achieve. Private information is also being compensated with ease. Data duplication, manipulation, and all things termed wrong or illegal are frequently increasing. The coronavirus experience teaches us something that everyone should focus on: we all deserve good governance.
So instead of waiting for a higher good or a fair and equitable system, since most of us are certain and being repeatedly frustrated, why not make a deliberate decision to vote for a bitcoin category?
It is our only effective appeal to peers and the way that they will opt-in. It’s been a challenging year for all accounts. However, for Bitcoin, 2020 was a proud milestone. The cryptocurrency also quadrupled, exceeding $20,000 (roughly Rs.14.7 lakhs) for the first time to record after record. The True believers applauded this along as an inflation remedy in an age of unmatched banking system volume. This is supported as an alternative asset by Wall Street veterans from Paul Tudor Jones to Stanley Druckenmiller, who contributed to the rally.
Bitcoin (BTC-USD) broke through $24K in a major way on Christmas Day, and then pulled out $25K, $26K, $27K, $28K, then $26K for another 4 days. It rose to as high as $28.3K before moving back to the present $26.9K.
Ethereum (ETH-USD) also followed and in-game, raising over $700 for the first time in almost 3 years. Currently exchanging hands at $707.
The potential surfaced earlier in the year when rates were so much lower and markets were rampant with uncertainty and ambiguity. Now it’s just wagering buying big and selling low. All cryptocurrency supports high precarious and pure speculation. In the meantime, many people have been damaged terribly by getting to the top. Perhaps this time it will be different, and the bitcoin network is not going to implode. But again, because cryptocurrency is becoming a parochial economic platform, it’s not the current version to get the wealthy trend.
There is no commitment here. Risk exactly how little you can potentially lose. To know about the crypto world read: –Binance to launch an NFT Marketplace!!
By now we all know that Binance is the world’s biggest cryptocurrency exchange by trading volume. It has announced on Tuesday that it wants to launch its marketplace for digital items tied to non-fungible tokens, or NFTs. It would lead to a major venue for the burgeoning digital-assets market, along with intense competition for creators and investors alike.
What are NFTSs?
NFTs are online items created on a blockchain that is commonly used to certify unique ownership of a digital asset such as paintings, music, games, or sports collectibles. The NFT industry has been here for a while, dating back to the invention of blockchain, but it has recently piqued the interest of mainstream investors after greater collectibles were sold at record-breaking prices.
According to NonFungible.com, a web portal that tracks data on NFTs, the sales volume of NFTs skyrocketed to much more than $2 billion in the first quarter of 2021, over 20 times the volume of the previous quarter. Binance’s NFT marketplace will launch in June, with two venues for artists and traders to generate, purchase, and sell digital assets.
In contrast, the norm trading market allows anybody to create or deposit NFTs for sale or auction for a 1% processing fee. The founders of depositors will be paid a 1% royalty on all corresponding trades.
What does Binance CEO has to say but this ?“
“Binance supports millions of users worldwide, most of whom will now be able to receive the thriving NFT space,” said Binance CEO Changpeng “CZ” Zhao in a statement. “In maintaining of our loyalty to international financial autonomy and the development of an inclusive ecosystem, the Binance NFT marketplace will also help small value creators by achieving the best cash flow and the lowest fees for use.”
Binance is the most recent cryptocurrency exchange to launch its NFT marketplace. Gemini’s Nifty Gateway has hosted auctions with good artists such as Eminem and Grimes. In March, Crypto.com launched its invite-only market, which starred content from Snoop Dogg, Lionel Richie, and Boy George.
Crypto exchanges have already benefited from increasing Bitcoin prices and expanding investor interest in digital currencies. Coinbase, the largest cryptocurrency exchange in the United States, went public earlier in the month via a direct listing. Its share prices are now trading near $300, up approximately 20% from the $250 standard price set by Nasdaq before the stock’s trading launch.
The NFT marketplace would provide Binance with a revenue source, though artists and investors are likely to be more uptight as to which exchange they use as more NFT marketplaces become available. But even so, a peek at trading volumes and average prices suggest that the NFT buzz is already receding in recent weeks after spiking Earlier, this year.
What do the NFT statistics say about the marketplace?
The volume of NFTs traded has dropped by about half since the peak in mid-March, but still, it stays high when compared to just a few months earlier. According to the latest NonFungible.com review, the average cost of NFTs spiked by about $4,000 in mid-February but has now declined to around $1,500. Nonetheless, the existing average cost is ten times higher than it was just six months ago.
Some have compared the NFT boom to the late-2017 or early-2018 craziness over initial coin offerings, or ICOs. Though some assume the recent decline in NFT activity is the commencement of a market correction and the bursting of the NFT bubble, NonFungible.com knows it probably reflects — a long—term stability following a theoretical pinnacle.
Want to know more about crypto and blockchain, read about :
As we all know that the usage of cryptocurrencies continues to expand around the world, several countries have identified themselves as pioneers in adoption.
Well, COVID-19 dominated 2020, and several countries were suppressed by the repercussions of the ongoing pandemic. Conversely, the cryptocurrency space witnessed a year of revival that saw decentralized finance becoming a major element, while Bitcoin (BTC) eventually exceeded its previous record. Singapore has paved the way for cryptocurrency moving and blockchain acceptance in 2021.
Singapore
Singapore has developed as a platform for crypto exchange, companies, and blockchain industries in Asian countries. Let’s understand the way Singapore is utilizing the benefits of adopting blockchain across different verticals.
Aviation Industry
Singapore is recognized to be the first country to start utilizing the value of blockchain in the aviation sector. Blockchain technology can provide access to up-to-date and confirmed information of departures, arrivals, delays across all stakeholders involved in airline travel, like airline crew, employees, ground service crew, and passengers. Singaporean Airlines has transformed its payments and rewards program using blockchain for its digital wallet.
Food Industry
Not only aviation but also the food industry, According to the WHO (World Health Organization) estimates, about 1 in 10 people fall ill each year by eating contaminated food.
The implementation of Blockchain technology for the food sector does provide producers and consumers with more validated information on food supplies, where they originated, and much more. Intellectual Property Intermediary (IPI) in Singapore, developed under the Singapore Ministry of Trade and Industry, is already operating on a blockade.
Implementing blockchain in the global food industry will provide vendors with more knowledge regarding food products, including where or for how long, boosting traceability and growing consumer confidence. The use of blockchain would reduce food contamination while still bolstering health and safety regulations.
Supply Chain
The blockchain-based supply chain facilitates the automated monitoring of information on products such as incorporation data, storage temperatures, batch numbers, and shipment. Looking at recent technologies including RFID tagging, blockchain may be an incredible opportunity for every sector that works to grow transparency and accountability via the business supply chain.
SmartCode, the DLT Ledgers Blockchain platform, offers an end-to-end traceability record in an automatically auditable, immutable, and safe way. It has been designed in such a way each product can be clear about its origin and validity, using precise software algorithms to help mitigate product manipulation.
Education Industry
Another field that can benefit from the use of blockchain is the Education sector. Through using smart contracts, institutions, as well as business owners, can rapidly, safely, and inexpensively verify skills. The use of blockchain will enable students to include complete leverage over their academic education by providing versatile access to data and recommended programs based on past qualifications and rankings.
There is no question that the higher education system in the city-state wants to identify the opportunities delivered by blockchain. Last year, the National University of Singapore (NUS) stated that it is collaborating with IBM to establish a curriculum for blockchain and distributed ledger technology.
It is also the first educational institution in Singapore to use blockchain technology to verify the validity of the NP diploma.
Government
From taxes to welfare transfers, voting, and health record management, the Blockchain administration is now used by global governments to improve different actions. Singapore will soon be following an example like Georgia. It reported that the Singapore government could use blockchain technology to do the following things:
Verify vendor track records on Singapore Government’s one-stop e-procurement portal
Track the career of the public officer
Enhance or substitute the audit process
The Singapore customs authority has introduced a national trading platform (NTP) for blockchain technology. It is expected that this platform will be used to connect enterprises, community networks, channels, and government organizations.
With distributed ledger technology, the program has analyzed inter-bank transfers and is now used to determine the effects of using tokens as a digital Singapore dollar. If blockchain-based payments are successful, they may lead to rapid settlements in finance, notably for cross-border business.
Looking at this it can be well inferred that India too can make endeavors in the field of blockchain.
Being a part of the ongoing pandemic and information age, we all or at least most of us, prefer Work From Home over a traditional office. Whether you’re in your home or a corporate office, or anywhere else for that matter, we all use computers or laptops to make our life more accessible and smoother. Now, talking about the keyboard, it is an essential part of modern tech-based life. Without it, we can’t do much on our computers or laptops and being honest, most of the time when we’re not in a generous mood or when we’re typing a prompt mail or playing games, we use our keyboards like a punching bag and smashes every key of it like we’re a war zone soldier.
Though most keyboards are built to handle such pressures, what will you do if you lose a key or any key stops working? Well, for computers, you’ll have to buy a new keyboard or depend on the on-screen keyboard for that particular key but in the case of laptops, once you lose a key, restoring everything to its original state can be burdensome for some of us.
So, it’s better not to use in-built keyboards all the time, especially when you type for a long span and have a habit of pressing the keys in a vivid manner. Accidents can happen at any time, and to prevent them, we would recommend you to use Wireless keyboards, and if you’re looking for the same, you’re at the right place.
Why Wireless Keyboards?
Wireless keyboards are life-saving when you prefer a neat, decluttered desk or like typing comfortably with your keyboard on your lap. They help you type faster and are ideal for pairing with laptops or even computers at workstations or home. Wireless keyboards are travel-friendly compared to their counterparts and work best not only on your computer/laptop but also on your tablet, your phone, or even your TV. Nowadays, wireless technology is everywhere and has done an impeccable job in the past few years and finding the best one is tricky, and it all depends on how you’re going to use it, for work or a gaming purpose? So, before we hit the list, let’s take a quick look at specs to consider.
A perfect sized keyboard is always going to help you and light up your life. If you travel a lot, then go for a light one and if you’re a gamer, go for a smaller than average keyboard, as you’re not going to use it for typing. If you’re a writer or doing some sort of work related to heavy use of the keyboard, go for a more oversized keyboard to hit the keys comfortably. Look for a keyboard according to your preferred operating system because sometimes special characters matter. Gamers, keep in mind, if you’re an avid gamer, you’re going to need keyboards that connect to multiple devices with the press of a single button and a customizable option for RGB lighting or at least backlighting.
Logitech MX Keys
Price – ₹12,995/-
Logitech MX Keys is one of the best wireless keyboards out there for iMac users. It offers the best typing experience with its full-size structure, and it features a built-in number pad and backlit keys to equip you with a great user experience and maximum productivity. The low-profile keyboard could be your perfect office companion. Its wireless connectivity empowers you to pair a total of three devices over Bluetooth or its USB dongle, and you can easily switch between these three connected devices.
The typing experience is smooth, and people sitting next to you can’t complain about losing concentration over a keyboard noise. The keyboard has a rechargeable battery, and it offers an impeccable 10 days of power backup. So, if you’re looking for a keyboard with a great blend of comfort and features that provide a versatile typing experience along with a premium price and durable build and have enough space on your desk, we recommend Logitech MX Keys for you.
Microsoft Sculpt Ergonomic Keyboard
Price – ₹14,999/-
Are you one of those who type for long hours, are tired of repetitive strain injuries, and looking for a comfortable keyboard to avoid arm, wrist, or shoulder pain? In that case, you should definitely try ergonomically designed keyboards such as Microsoft’s Sculpt wireless ergonomic keyboard that offers a pain-free experience and even take care of your bad posture. The keyboard offers a split layout and design and a nicely cushioned palm rest to keep you in an ideal typing position and avoid additional pressure on the wrists.
The keyboard is split in half and offers a separate number pad, making it significantly different from its equivalents. The affordable ergonomic keyboard connects via a 2.4 GHz wireless USB dongle and requires two AAA batteries to work, which seems a little outdated. However, this ergonomic keyboard by Microsoft will surely help you recover lousy posture, but only if you stay put with it during those initial days.
Logitech K380 Bluetooth Keyboard
Price – ₹3,195/-
Logitech has a rich history of creating excellent computer accessories, and the name Logitech will often pop up when you’re looking for computer accessories, especially keyboard and mouse. The comfortable and compact Logitech K380 Bluetooth Keyboard is one of the best budget-friendly keyboards out there in the market, which offers great design and compelling battery backup of up to 2 years with its AAA batteries.
The keyboard arrives with round-shaped keys, and it takes a while to adapt to it; and it also lacks a backlighting feature and macro programmable keys. The smart-looking keyboard could be paired up with three devices via Bluetooth (it doesn’t come with a USB dongle), and one can easily toggle between the devices such as smartphones, tablets, Apple TV, and most computers using the F1-F3 hotkeys. The tiny and well-built wireless Bluetooth keyboard is offered in three colours: dark grey, rose, and off-white.
Apple Magic Keyboard With Numeric Keypad
Price – ₹12,500/-
Apple Magic Keyboard with Numeric Keypad, the name itself suggests it has something magical in it, and we can’t deny the fact because it’s a fact. The aesthetically designed Apple Magic Keyboard will undoubtedly add a slight tint to your modern office, and if you’re a follower of a minimalist lifestyle, it’s clearly the best buy for you. The Magic Keyboard sports light and bouncy keys to satisfy your typing experience.
Previously, it was available without a number pad and only bundled with Apple’s 5K iMac Pro, but now it is available in full size with Numeric Keypad, and the company even sells it separately. The flat designed Apple Magic Keyboard is ideal for gaming, reading or working with spreadsheets as it offers an impressive battery life of one month, on a full charge. The ultra-sleek space-grey keyboard offers keys based on a scissor mechanism to enhance your typing experience, but unfortunately, it is only compatible with Apple products.
Corsair K63 Wireless Mechanical Gaming Keyboard
Price – ₹15,999/-
Corsair is one of the few companies that manufacture a wireless alternative of its popular gaming keyboards, and their latest addition, a refresh of the old Corsair Gaming Lapdog but slimmer and wireless, Corsair K63 Wireless Mechanical Gaming Keyboard, is an exceptional one. The new K63 Mechanical Gaming Keyboard is almost similar to its wired sibling, and if you’re familiar with Corsair keyboards in the past, then while using this one, you’ll feel super comfortable as the keyboard is specially made for people who prefer to operate from the comfort of the couch. The K63 keyboard has a frameless and straightforward design, and users can pair the keyboard with either a wireless USB receiver or Bluetooth. The keyboard features dedicated media controls, linear Cherry MX Red switches, excellent compatibility with various operating systems, but at the same time, it lacks backlighting as it is limited to a single blue colour. However, the K63 wireless keyboard is still a good option for gaming and also for work too.
Old age is an unavoidable part of our life cycle and should be lived gracefully rather than grudgingly. In today’s fast-paced world we only start noticing signs of old age much after the gradual process is well underway…We need technology that will improve the lives of elderlies, the poor as well as the sick, and their families. We need technology that brings all of them together for better companionship and to make this world a beautiful place for them to live in.
Blockchain depends on stakeholder acceptance, and government agencies can use economic incentives to get users on board, such as granting access to certain government data, paying for it, facilitating federal loans, or lowering transaction and service fees. Agencies that implement blockchain can increase citizens “trust and create added value for the government and its citizens. As blockchain follows the path inherited in the economy by network technologies we can expect blockchain innovation to build on one-way applications to create local private networks in which multiple organizations are linked through a distributed register.
Blockchains can help streamline the entire process by eliminating middlemen, lengthy procedures, and the burden of unnecessary time delays. Blockchains record transactions while payments are transferred between recipients. Transactions cannot be reversed or modified, and blockchains ensure better accountability and security when such a system is used. Intelligent and self-executing contracts made possible by blockchain eliminate the need for intermediaries and improve contract preparation and execution.
How Will Blockchain Solve Privacy Problems?
To address this problem, relevant research applications from Azaria Ekblaw, Vieira and Lippman (2016), Juneja and Marefat (2018), Liu, Li, Ye, Zhang, Du and Guizani (2018), and Zheng, Mukkamala, Vatrapu and Ordiere (2019) used the on-chain storage architecture to store large amounts of original encrypted data without the use of trusted third parties. This approach reduces the storage load of the blockchain and ensures the integrity and privacy of private data. When medical records and other information are stored in the blockchain network, this increases the computing effort and storage load due to the fixed and limited size of the block.
Blockchain technology can reduce the complexities of retirement management and give pensioners greater control over their money. By adding cryptocurrencies to investment portfolios, blockchain can create accessible retirement plans that appeal to young people who need to start saving for retirement.
Why do Blockchain technology and the health sector jell?
Blockchain technology can maximize patient satisfaction by providing personalized care based on the patient’s complete indexed medical history and medical record. Blockchain Technology helps diabetics keep better track of their insulin intake. In the EHR system, anyone can upload medical records and other information to the blockchain. Users can leave and re-enter the system at any time, access their historical records according to the index, and download the latest blocks from the blockchains.
The use of blockchain technology in the medical field is not only a consolidated application of real blockchain technology but also blockchain technology with achievable efficiency levels. The use of this technology in neurology could lead to quantifiable advantages in the treatment of neurological disorders by monitoring patient health, clinical history, treatment, disease progression monitoring, recruitment, and clinical trials.
How Blockchain Technology Will Solve Financial Problems For The Elderly
Blockchain, the revolutionary computerized recording technology that acts as a digital register, is coming at a crucial time and could be a savior for pensions, thanks to the unique way it can be applied to ambitious projects in young industries. Blockchain or distributed ledger is an emerging technology that has attracted considerable interest from utilities, startups, technology developers, financial institutions, the national governments, and the academic community. Numerous sources from all these sources have found that blockchain has the potential to bring significant benefits and innovation.
While the core features of decentralization, security, origin, transparency, trust, and better management of data offer clear benefits in addressing acute health needs, a blockchain technology approach is needed to ensure that it is compatible with specific and diverse healthcare challenges. This forum article aims to address this problem by presenting an appropriate framework for the Health Blockchain which includes fundamental questions regarding fundamental blockchain design principles, data exchange, management, decision-making, and governance, examines how the technology can be used to improve blockchain functionality and defines the ultimate goals of blockchain solutions. conclusion
Nothing is denying the fact that we can solve problems relating to the practical application of the technology, such as security and the lack of public or specialist knowledge that can guarantee the optimal functioning of blockchain protocols and bring maximum benefit to senior citizens.
We have covered How Big is Sony, Netflix, Walmart and Nike? in the past few months, and so far, we’ve experienced a pleasant ride. Then, one fine day we thought, let’s do something different this time as all of the companies we have covered till now have been situated in foreign lands, and this simple thought provoked us to shift our focus from foreign companies to our Indian giants. The search began, and we started looking for Indian companies that contributed remarkably to our country’s growth, and at the end of the day, we mutually decided to go with Wipro, India’s third-largest outsourcer of IT services.
How was Wipro started?
Wipro is a widespread name in Indian households as the majority of Indians prefer to use electrical products and an energy-efficient range of LED lighting solutions manufactured by Wipro, but many of us aren’t even aware of the now popular multinational corporation that provides information technology, consulting and business process services was initially started as a maker of vegetable and refined oils in Amalner, Maharashtra. Though you can always ask your grandparents, they might be aware of the trade names of Kisan, Sunflower, Dalda Ghee, and Camel, popular products of the company during their early days.
The company was founded in 1945 as Western Indian Vegetable Products Ltd. by Mr Mohamed Premji, and later on, it was inherited by his then 21-year old son, Azim Premji. In 1966, the latter was pursuing electrical engineering at Stanford University in the United States, but due to his father’s sudden demise, he returned to India and became the company’s chairperson at the bare age of 21. Mr Azim Premji officially renamed the company to Wipro Products Limited in 1977, when he took over the family-owned business and expanded the company’s product line to include hydraulic cylinders, bakery fats, toiletries, soaps, and lighting products.
How Wipro entered into the IT sector and expanded its other ventures?
The chairperson of Wipro Products Limited, Mr Azim Premji, was a visionary man and always wanted to do something in the IT and computing industry, and when the opportunity knocked at the door, he tucked it in. Wipro gradually started entering into the IT business in the late ’70s, and at that time, IBM India was at its pinnacle and was the biggest competitor for newbie Wipro. Many business groups in the country called Wipro’s move a foolish one but to the company’s luck and the arrival of a new government with fresh foreign exchange rules, in 1978, IBM India shut its operations and withdrew its services from the country, which helped Wipro advance its services in the field and ripe the opportunity.
Wipro commenced its IT sector journey by producing microcomputers under a technology-sharing agreement with US-based Sentinel Computer Corporation, and within a decade, it became the first Indian company to explore offshore IT services. In between this, Wipro once again updated its name from Wipro Products Limited to Wipro Limited in 1982, added mobile hydraulic cylinders and heavy-duty industrial cylinders to its line of products in 1988, formed a joint venture called Wipro GE Medical Systems with the United States’ General Electric (GE) for the manufacture, sales, and service of diagnostic and imaging products and started making one Santoor talcum powder and Wipro Baby Soft, a range of baby toiletries in 1990.
Further Growth & Collaborations
The economic liberalisation in India during the early ’90s led to an increase in foreign investment and high economic growth. The movement helped our country grow its Gross Domestic Product (GDP) from $266 billion in 1991 to $3.3 trillion in 2021. Thanks to economic liberalisation, Wipro further expanded into manufacturing lamps, oil-based natural ingredients, beauty care products, medical and diagnostic equipment, and IT hardware products such as printers and scanners.
In 1999, Wipro became the only Indian computer manufacturer to obtain the complete Y2K compliant certification from the United States’ National Software Testing Laboratory. In the next couple of years, Wipro continued to perform strongly, with IT remaining its core industry. They also collaborated with Acer to produce personal computers for the Indian market and soon arose as one of India’s largest software exporters and the second-largest listed company in the country.
Azim Premji, chairman of Wipro, who’s informally known as the Czar of the Indian IT Industry, is currently the 13th richest Indian, but from 1998 to 2003, he stayed as the richest Indian. Wipro enjoyed a tremendous level of prosperity throughout the late ’90s and early 2000s. They started internet service in India by partnering with KPN (Royal Dutch telecom) to form a joint venture company, Wipro Net Limited and also opened a Business Process Outsourcing (BPO) unit in 2002. In the five years where Azim Premji stayed on the top position of richest Indian, Wipro performed historically on the Indian stock exchanges. In the following years, Wipro also became one of the first software companies to get SEI (Software Engineering Institute) Level 5 certification.
Wipro Acquisitions
Currently, Wipro is headquartered in Bengaluru and is known for its array of services such as IT sector, BPO services, cognitive computing, robotics, hyper-automation, testing, research and development in the software and hardware areas of companies around the world. The Indian multinational corporation Wipro was ranked 1st in the 2010 Asian Sustainability Rating (ASR) of Indian companies. The company even offers its services to several enterprises like Finance, Utilities, Energy and Entertainment. Under Azim Premji’s bold leadership, Wipro tasted more success rather than failures and emerged dramatically as one of the leading IT companies not only in India but all over the globe.
Wipro acquired more than 15 companies till now and has spent over $2.5 billion on acquisitions. Wipro acquired Chandrika, an ayurvedic and herbal soap brand in 2004, Northwest Switches and Sweden-based Hydrauto Group AB in 2006 for Rs. 102.2 crore and Rs. 142.6 crore, Infocrossing in August 2007 for Rs. 2,430 crores, Singapore-based Unza Holdings Ltd. in 2007 for Rs. 1,010 crores, the personal care brand Yardley from the Lornamead Group in 2009, Appirio, an information technology consulting company for Rs 3,300 crore in 2016, Florida-based HealthPlan Services for $460 (over Rs. 3100 crores) million in 2016 and tied up with Israel Aerospace Industries to manufacture composite aerostructure parts and assemblies in 2017.
Top 5 Wipro Subsidiaries
Wipro Infrastructure Engineering
Wipro Infrastructure Engineering was established in 1976 as a part of Wipro, and it is one of the principal subsidiaries of Wipro. It is the hydraulics business section of the company and has been into manufacturing hydraulic cylinders, cargo handling, mining, freight, truck cylinders, and their components. The subsidiary has delivered over a million cylinders to original equipment manufacturers across the globe. The division also launched specific solutions during the pandemic to fight against Covid 19.
Wipro Consumer Care & Lighting
Wipro Consumer Care and Lighting (WCCLG) was established as a division of Wipro in 1945 to cater for the fast-moving consumer goods (FMCG) segment dealing personal care, home care, lighting and furniture products. The first manufactured product by the subsidiary was Sunflower Vanaspati oil. The firm has ventured into selling personal care products like Santoor, Chandrika, Aramusk, Wipro Baby Soft ranges and Yardley, along with lighting products like Smartlite CFL and LED lights. The division is one of the fastest-growing in Asia, and Africa, with more than 75 crores sales revenue in 2019-20.
Yardley
Yardley or Yardley of London is a British personal care brand established by the Cleaver family in 1770. The brand is specialized in cosmetics, fragrances and relevant toiletry products. It is one of the oldest firms globally and one of the biggest manufacturers of soap and perfumes. Wipro consumer care brought Yardley in 2009 except for businesses in Germany and Austria, where it is still owned by Lornamead, a part of Hong Kong’s Fung Group.
Opus Capital Markets Consultants
Headquartered in Lincolnshire in Illinois, United States, Opus is one of the top companies in the financial services industry, and since 2013, it has been owned by Wipro. Opus Capital Markets Consultants offers multiple services like Residential & commercial mortgage, Compliances services, servicing reviews, advisory services, quality control, servicing oversight and operational assessment. Recently, it has been fully integrated with Wipro and renamed as Wipro Opus Risk Solutions LLC.
Topcoder & Appirio
Topcoder is a crowdsourcing company that pays community members for their projects and sells community services to corporate, mid-size, and small-business clients. The company was founded by Jack Hughes in the year 2001, and its name was formerly spelt as “TopCoder” until 2013. Wipro acquired Topcoder in 2016 along with Appirio, an information technology consulting company founded by Chris Barbin, Narinder Singh, Glenn Weinstein and Mike O Brien. Appirio competes with Accenture and Deloitte in the business by offering SaaS services such as Salesforce and Google apps.
Logo Evolution
Wipro introduced its first logo in 1998; the logo features a very detailed sunflower diagonally coloured into 7 colours of the rainbow, placed above the sleek and stylized wordmark with a tagline, “Applying Thought,” and enclosed into a thin blue circular structure. Later on, after two decades, in 2017, the company revamped its old logo with a new logo, comprising of dots that represent the way the company ‘connects the dots’ for its clients. Wipro removed the colourful sunflower and changed the wordmark from the capitalized inscription to a lowercase one. The new logo features four different sized circles formed by dots representing growth and progress.
Valuation
Wipro is headquartered in Bangalore, Karnataka, India, operates across all six continents and is ranked the 9th largest employer in India, with over 200,000 employees. As of September 2021, Wipro is the world’s 374th most valuable company, with a market cap of $51.00 Billion.
Philanthropy
Of course, Mr Azim Premji will be remembered for transforming Wipro from a vegetable oil seller to a software giant, but along with this, people will remember him for his big heart. Mr Azim Premji is the first Indian and only third non-American who signed The Giving Pledge, started by Bill Gates and Warren Buffet, to donate the majority of their wealth to charitable causes. He has donated $21 billion of his wealth as part of the pledge. Apart from this pledge, he has pledged 39% of Wipro shares for philanthropic activities and has also donated an amount of $2 billion to improve education in India.
Due to its memory intensity, it is seen as a solution to mitigate custom hardware such as ASICs and FPGAs, which are the main sources of centralization in cryptocurrency mining. ASIC’s resistance can hamper ASIC’s mining machines, and it has been seen as an effective alternative to Bitcoin’s SHA-256 hashing algorithm.
It is more complex than SHA-256 and requires more storage for miners, but is more efficient at solving problems. SHA-256 and Scrypt are the two common algorithms and systems used by cryptocurrency miners to verify transaction data blocks. The Scrypt algorithm differs from Sha-256 in that it requires not only pure computing power but also system memory for operation.
For newer cryptocurrencies, I prefer Scrypt to SHA-256 because it is more convenient to use. It is more comfortable to run on available CPUs and requires less power than SHA-256. The Sha-256 hash rate of Scrypt Mined Coins ranges from Kh / s to MH / s (its hash rate is achieved by a single miner with ASIC or additional hardware).
Scrypt is a hash function used in the Litecoin cryptocurrency as an alternative to the SHA-256 hash function. It provides a higher level of security and is one of the safest hash functions. Unlike SHA-256, Scrypt is the most widely used mining algorithm in Litecoin and the Bitcoin protocol.
While other hashing algorithms such as Equihash and CryptoNight for proof-of-work blockchains were developed, Scrypt was developed for use cases that implement blockchain networks. Scrypt is an attempt to improve the hashing algorithm of the SHA-256 algorithm. It is designed as an in-memory hardware algorithm to improve network security against attacks with custom hardware.
Scrypt was developed as a solution to mitigate the increasing dominance of ASIC mining platforms and the subsequent centralization of cryptocurrency mining. Bitcoin was in its infancy at the time, not to mention that Scrypt could be used on any blockchain network that supported cryptocurrencies. In the paper, Percival proposed the scrypt algorithm for Tarsnap, an online backup service.
Consequently, cryptocurrency projects using Scrypt sought to protect the decentralization of their networks. Bitcoin was originally mined with CPUs, GPUs, and FPGAs, but miners began to develop their ASIC chips that were more powerful than previous solutions. In 2013, the first ASICs with Scrypt was introduced, and this type of hardware began to support cryptocurrency mining based on Scrypt.
If your system requires at least 40 zeros to validate a transaction, the miner will have to calculate 2-40 different hash values to find the correct proof of work. As the hash rate increases, so do the difficulty of maintaining the balance.
Scrypt is an encryption method that requires a large storage volume and a lot of time for selection. Scrypt functions are intended to prevent such attempts to increase the resource requirements of the algorithm. The scrypt algorithm is implemented in cryptocurrency mining to make it more complicated for specialized ASIC miners.
It has generated negative feedback from the creators of cryptocurrencies, as it gives miners with large resources advantage and violates decentralization. Scrypt coins enjoy popularity because miners use processors (CPU) and graphics cards (GPU) for mining. The scrypt Bitcoin cryptocurrency and other currencies using the scrypt algorithm are mined using ASIC devices specifically designed to solve the mining task.
An example of this is Vertcoin, which uses the Scrypt algorithm and makes it possible to change the hashing algorithm at any time. The hashing algorithms Scrypt Jane and X11 are trying to resist ASICs. By developing ASICs for Scrypt N-based coins, the hash algorithm can be modified to render ASICs useless and do not influence the relative hash rate of the GPU or CPU miner.
While these new types of hashing algorithms may be able to ward off ASICs, one thing is sure: GPU mining is not dead and never will die.
When the scrypt hashing feature was first implemented in Litecoin, the development team avoided knowing that application-specific integrated circuits (ASICs) would be able to break down the Litecoin blockchain. While Bitcoin ASICs are 1000x more efficient than GPUs, Scrypt ASICs can be up to 100x more efficient.
Due to the coin’s scrypt algorithm, this means that scrypt coin mining requires a large number of participants in the network and all must be involved in the work. Miners who use devices other than ASICs to mine the cryptocurrency will be penalized.
Before selecting a cryptocurrency to use its scrypt algorithm, it is important to know how to mine it. Scrypt was first implemented in Tenebrix, which was released in September 2011 and served Litecoin and Dogecoin as the basis for the introduction of the algorithm. Before we look at Scrypt coins, here is a brief overview of the Scrypt mining algorithm.
Scrypt was implemented in blockchain networks when it was introduced to improve SHA-256. The first cryptocurrency to implement the Scrypt PoW hash algorithm was Tenebrix (TBX), which was released in September 2011.
Scrypt (pronounced S-crypt) [1] in cryptography is a password-based key derivation feature developed by Colin Percival for Tarsnap, an online backup service. A simplified version of Scrypt is used as the proof-of-work scheme in several cryptocurrencies including Bitcoin, then implemented by an anonymous programmer named Artforz Tenebrix and Fairbrix and Litecoin. The UNOT algorithm is a hash function known as a scrypt in the world of cryptocurrencies.
Scrypt works thanks to a well-known method of increasing the derivation of keys, which is a hard sequential storage function. It is a hash that uses a key (a set of key points identified by a hash algorithm) that causes a lot of noise. Noise in Scrypt is a set of random numbers generated by the hash algorithm and stored in memory.
The purpose of the series of random numbers generated and stored in memory by the algorithm is to camouflage the key data from the algorithm and make breaking the hash more complex. The password-based key derived function ( password-based KDF) is designed to be computationally intensive so that the calculation takes a long time, roughly in the order of several hundred milliseconds.
