Technology and Innovation Collections
EXPLORE THE UNKNOWN TECHNOLOGIES AND INNOVATIONS
The Blockchain technology.
The blockchain is the main technical innovation of bitcoin, where it serves as the public ledger for bitcoin transactions. Every user is allowed to connect to the network, send new transactions to it, verify transactions and create new blocks, making it permissionless.
The bitcoin/blockchain design has been the inspiration for other cryptocurrencies and replicated databases.
The Economist described one implementation of this second-generation programmable blockchain as coming with "a programming language that allows users to write more sophisticated smart contracts, thus creating invoices that pay themselves when a shipment arrives or share certificates which automatically send their owners dividends if profits reach a certain level.
Blockchain technology operates in a unique way, Digital records are lumped together into "blocks" then bound together cryptographically and chronologically into a "chain" using complex mathematical algorithms.
This encryption process, known as "hashing" is carried out by lots of different computers.
Blockchain technology come with unique features like the distributed nature of a blockchain database means that it's harder for hackers to attack it - they would have to get access to every copy of the database simultaneously to be successful.
It also keeps data secure and private because the hash cannot be converted back into the original data - it's a one-way process.
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Digital currencies, Cryptocurrencies
Digital currency or digital money is an Internet-based medium of exchange distinct from physical (such as banknotes and coins) that exhibits properties similar to physical currencies, but allows for instantaneous transactions and borderless transfer-of-ownership. Both virtual currencies and cryptocurrencies are types of digital currencies, but the converse is incorrect. Like traditional money these currencies may be used to buy physical goods and services but could also be restricted to certain communities such as for example for use inside an on-line game or social network.
Cryptocurrencies are designed to be unforgeable, anonymous, easily transmitted electronically, and independent of nation-states and their central banks.
Bitcoin and other cryptocurrencies use peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system
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Future farming relies on new Technologies and Innovations
Faming with Drones
Drones are just one way in which agricultural production can be taken to new heights. Others are needed if food production is to keep pace with anticipated demand in new and more sustainable ways.
The UN estimates a global increase of 2bn people to 9bn by 2050, when agricultural consumption is likely to be 60 per cent higher than it was in 2005. Feeding this growing population “while nurturing the planet will be a monumental challenge”, according to the UN’s Food and Agriculture Organisation (FAO).
Drones can be very much beneficial in large scale farming, with such benefits;
Increase Yields, one easily finds potentially yield limiting problems in a timely fashion.
Save Time spent scouting crops to cover the acres on foot.
Ease of use asmost drone come with preset standards which allow new operators to have confidence in operating from the beginning.
Integrated GIS mapping which Draw field borders for flight pattern.
Crop Health Imaging Seeing the true health of your field in a color contrast allows you to see how much sunlight is being absorbed by the crop canopy.
Failsafe - The Drone Flies Home
Return on Investment .
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