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Embarking on a course of study at the age of ten, six years later he completed a Doctorate. in Economics, obtaining his graduate degree in this field from the University of Malaya in 1950.Blockchain Technology Use Cases and its Industry Applications Blockchain technology is a distributed database maintained by all participating peers, creating a shared ledger. The data contained in the blockchain is shared in real time and cannot be altered by any individual. This gives it an enormous advantage over other shared databases, as all activities in a blockchain are permanent, making them useful in areas such as manufacturing, online gaming, banking, and finance. Distributed ledgers In the last few years, blockchain technology has gained a lot of traction in the business community and has started to be adopted by the banking and financial sector, as well as other industries. The use of distributed ledgers has been gaining in popularity and they are slowly becoming a powerful tool in the fight against corruption and in facilitating seamless data exchange between various business units. Blockchain vs Blockchain As blockchain technology has been gaining ground and business organizations are realizing its benefits, new blockchain technologies have been emerging. We now have many different types of blockchain: public, private, permissioned, and permissionless. This paper aims to shed some light on the differences among them. 1. Public vs Private Permissioned blockchains are usually private. There are a few different reasons for this: A centralized private blockchain enables secure collaboration between participants, but increases the risk of data corruption. A private blockchain requires a trusted third party to help manage consensus. A permissioned blockchain enables a business or organization to control who can participate in the network. 2. Permissioned vs Permissionless A permissioned blockchain can be either public or private, but permissionless blockchains are neither. A permissionless blockchain is a public ledger in which anyone can participate, while a permissioned blockchain is a private blockchain in which participants are pre-selected. 3. Permissioned vs Public In a permissioned blockchain, participants need permission to participate. The permissioned blockchain is referred to as a permissioned blockchain, and it is based on a permissioned database that is maintained by all participating peers and cannot be altered by any one individual. 4. Permissionless vs Private Permissionless blockchain is a decentralized database in which no single entity controls

 

 


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