BLOCKCHAIN EDUCATION AND AWARENESS
Creative, Innovative and Sustainable Solutions for Decentralized Businesses
Our primers cover the basics of Blockchain Technology, adapted for easy understanding and actionable insights.
- The Why of Blockchains – Business Fundamentals
- The How of Blockchains – Technology Fundamentals
- Characteristics of Blockchain
- Security Implications
- Decentralized and Distributed Systems
- Smart contracts – what are they and how can you benefit?
- The Role of Various Cryptocurrencies
- Monetary Implications
ROAD TO AN ICO
The ICO process is not a get rich quick scheme. For all the hype surrounding ICOs, they require careful, meticulous planning to pull off successfully. The planning can take anywhere between 6-12 months, depending on your industry, domicile and offering structure. There are three critical areas that you need to pay attention to as you plan your ICO.
- Blockchain Technology and Wallets
- Legal Regulation and Compliance
- Marketing the ICO
All these areas are not mutually exclusive and bleed into each other, so one has to be careful during the early planning stages.
Executives need a rigorous exercise in critically thinking how shifts in technology impact their business. Proteum Academy Works with executives to create and implement a strategic plan to chart the shift and unlock the potential of their resources.
INDUSTRIES DISRUPTED BY BLOCKCHAIN
- Government – voting system offering ledger-protected votes but requires excessive computing power
- Management – blockchain facilitates workflow, communication due to its accuracy, transparency, and automated system, weeds out discrepancies)
- Supply Chain – Provides consensus, provenance, and immutability
- Real Estate – Land registration
- Health Care – Personal health records could be encoded and stored on the blockchain with a private key which would grant access only to specific individuals.
TYPES OF BLOCKCHAIN SOLUTIONS
- Public blockchain – no restrictions on reading blockchain data (encrypted) and submitting transactions for inclusion into the blockchain.
- Example: Bitcoin
- Private blockchain – direct access to blockchain data and submitting transactions is limited to a predefined list of entities.
- Example: Ripple
- Permissionless blockchain – no restrictions on identities of transaction processors (i.e., users that are eligible to create blocks of transactions). any user can join the network and start mining.
- Example: Bitcoin and Ethereum
- Permissioned blockchain – transaction processing is performed by a predefined list of subjects with known identities.determines who may act as transaction validator on their network
- Example: Ripple
- Which Blockchain is best for you?