About
Practical applications of Blockchain technology was created by CCgroup, a London based PR agency, to provide an aggregated view of Blockchain technology, showing how it’s impacting businesses on a practical level. At CCgroup we understand just how important Blockchain technology will be for not just the Fintech industry, but industries all around the world. Therefore it’s vital that we raise awareness of this amazing technology to help increase the rate at which industries adopt Blockchain technology.
We aim to make this an ongoing resource showcasing future applications of the technology in various industries, so if you wish to submit your company to this resource, use the submission form at the bottom of the relevant sector.
Find out more information about CCgroup by visiting our website.
What is Blockchain technology?
Blockchain is a permissionless distributed database based on the Bitcoin protocol that maintains a continuously growing list of data records hardened against tampering and revision, even by its operators. The initial and most widely known application of block chain technology is the public ledger of transactions for bitcoin, which has been the inspiration for similar implementations often known as altchains.Transactions are the content to be stored in the block chain. Transactions are created by participants using the system. In the case of cryptocurrencies, a transaction is created any time a bitcoin owner sends cryptocurrency to another.
System users create transactions that are passed from node to node on a best-effort basis. The system implementing the block chain defines a valid transaction. In cryptocurrency applications, a valid transaction must be digitally signed, spend one or more unspent outputs of previous transactions, and the sum of transaction outputs must not exceed the sum of inputs.
Although Blockchain technology has previously been associated with digital currencies (such as Bitcoin), there’s a wide range of indsutry uses outside of currency that have begun to emerge. This resource aims to highlight these applications of Blockchain technology in key industries
Practical applications of Blockchain technology was created by CCgroup, a London based PR agency, to provide an aggregated view of Blockchain technology, showing how it’s impacting businesses on a practical level. At CCgroup we understand just how important Blockchain technology will be for not just the Fintech industry, but industries all around the world. Therefore it’s vital that we raise awareness of this amazing technology to help increase the rate at which industries adopt Blockchain technology.
We aim to make this an ongoing resource showcasing future applications of the technology in various industries, so if you wish to submit your company to this resource, use the submission form at the bottom of the relevant sector.
Find out more information about CCgroup by visiting our website.
What is Blockchain technology?
Blockchain is a permissionless distributed database based on the Bitcoin protocol that maintains a continuously growing list of data records hardened against tampering and revision, even by its operators. The initial and most widely known application of block chain technology is the public ledger of transactions for bitcoin, which has been the inspiration for similar implementations often known as altchains.Transactions are the content to be stored in the block chain. Transactions are created by participants using the system. In the case of cryptocurrencies, a transaction is created any time a bitcoin owner sends cryptocurrency to another.
System users create transactions that are passed from node to node on a best-effort basis. The system implementing the block chain defines a valid transaction. In cryptocurrency applications, a valid transaction must be digitally signed, spend one or more unspent outputs of previous transactions, and the sum of transaction outputs must not exceed the sum of inputs.
Although Blockchain technology has previously been associated with digital currencies (such as Bitcoin), there’s a wide range of indsutry uses outside of currency that have begun to emerge. This resource aims to highlight these applications of Blockchain technology in key industries