Blockchain Evaluation

Blockchain is a distributed database that maintains a continuously growing list of records called blocks secured from adaptation. Blockchain was first coined by Satoshi Nakamoto in 2008 in his paper about Cryptocurrency.



Blockchain Versions: 1.0 to 4.0

Blockchain 1.0

Satoshi Nakamoto is first paper discussed only Blockchain’s application in Cryptocurrency and he created Bitcoin on 03 Jan 2009.  Implementation of distributed ledger technology (DLT) to cryptocurrencies.




Example: Bitcoin

Blockchain 2.0 :

I)Blockchain 2.0 is data protection solution based version

II)Smart Contracts are small computer programs that “live” in the blockchain. It offers to make it impossible to hack Smart Contracts.

II)Innovating in a normal market and Legislation.

Examples: Banking & Payments and Smart Contracts.

         

Banking and Payments      Smart Contracts

Blockchain 3.0:

I) DWApp is an abbreviated form for Decentralized Web Application avoiding centralized infrastructure. DWApp simply means that fronted and contracts

II)Develop the application of Blockchain in all domains like Telecom, Retail, etc.

Examples :

Retail, Telecom, IoT, Healthcare Insurance and Manufacturing domains

Healthcare

Blockchain 4.0

Compare with Blockchain versions 4.0 is highly improvement through Artificial Intelligence technology, machine learning and autonomously placing an order for replacement parts to arrive. In this version especially Industry demands.

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