Akshay Gokalgandhi

What is Blockchain ? We all know about the topic trending in the market i.e the bitcoin . With so many conversations around it, have you ever wondered about the underlying technology or the driving force behind bitcoins. It is blockchain , the driving force behind the trending technology. What is blockchain ? Let us understand it with the help of an example.We all know about tom and jerry and their age old rivalry.Tom wishes to end the rivalry so he decides to send a cube of cheese to jerry.He can’t do it on his own as there is a chance of fight.So he decides to give it to Alice and tells her the entire scenario.But the question arises is how much trustworthy Alice is??The second question arises is will the cube of cheese be delivered without any cut/ commission by Alice.To overcome this traditional setbacks,we can use digital cheese.But this digital cheese will lead to double cost as we need to maintain multiple records. Digital cheese blockchain comes into picture ...

Blockchain put to use for Humanity! The world is at war! In-spite of various global leaders mentioning that the world is now going to be at peace and the war is officially over, it doesn’t seem so. Terrorist organisations keep flourishing and the governments keep battling with them. The people who suffer or get crushed in these situations are the local populations of those zones. In the recent Syrian crisis we saw many countries opening up their hearts and welcome refugees from these war affected regions. But who are these refugees? Can anyone identify an engineer amongst them or can anyone identify the doctor? Do these refugees lose their identities along with their homes, their money and their livelihood and unfortunately even families sometimes? Not only them, there are so many other individuals like kids who get trafficked , people affected by natural calamities, homeless or the mentally weak individuals, who lose their identities in various situations.   ...

Types of ICO tokens ICOs are something that I ’ve been writing about frequently. They have been really impressive and are making their mark in the world. They have been the new buzz word in the financial sector as well in the tech world. Not often have we see the investment bankers and the techies working closely together to develop something interesting until the ICO world started to frame up. These Initial coin offerings raised more money in the first quarter of 2018 itself than the entire of 2017, according to a report from CoinDesk. With USD6.3 billion already raised and a lot more to follow everyone seems to be looking deeply into the functioning and possibilities to raise funds or invest in these tokens for personal gains. But what are these tokens and how does a person deal with them? Or can one use them anywhere apart from exchanges are the common questions. What we have understood and also various reports from the web and our experience that we can classify...

Importance of a white paper for an ICO “A white paper is an authoritative report or a guide that informs readers concisely about a complex issue and presents the issuing body’s philosophy on the matter. it is meant to help readers understand an issue, solve a problem or make a decision,” according to the Wikipedia definition. In simpler terms a White paper is an instrument that helps business explain themselves to people. Information like what problem are they solving, how are they solve it and what is their course of action to achieve the same, is what it explains. They address the business issues, showcase products and can also outline a competitive solution. The four major reasons can be stated as Vision of the Project Sharing technical knowledge The problem Generating Publicity Distribution of business information Attracting prospects The core team and their track record What is an ICO white paper According to www.nasdaq.com an ICO is “ An ICO is...

Blockchain and India The love hate relationship between the technology and the state The Blockchain community in India is going bezerk over the recent news of RBI instructing the country's financial institutions to not allow payments for purchase of crypto currencies in India. At the same time in this years budget session, Mr . Arun Jaitley the finance minister announced plans to adopt the Blockchain technology. “The government will explore the use of Blockchain technology proactively for ushering in the digital economy,” Jaitely said. Courtsey : Indian Express So what does the government actually want to do? The Blockchain Technology A Blockchain is a digitised , decentralised , public ledger of transactions. By allowing digital information to be distributed , but not copied, Blockchain technology formed the backbone of a new type of Internet. Originally devised for financial transactions, it formed the base of Bitcoins, but gradually the t...