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#Explained

Explained: What is an Open Source Software?

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Open source software is distributed under a license agreement, allowing the sharing, viewing, and editing of computer code by other users and organizations.

Open source software ( OSS ) is distributed under a license agreement, allowing the sharing, viewing, and editing of computer code by other users and organizations. Continuous support is a key point of sale for users with low technical skills and a major reason for choosing closed sources over open source software. Like open source software, closed source software also has dedicated web communities that share ideas and strategies through forums and surveys, promote innovation and customize the product to meet changing needs.

 

Open Source Software (OSS)

In the software, “Open Source” refers to software that allows users of the software to access human – read Source code. Of course, software that does not meet the definition of open source is not open source. In practice, almost all open source software is released under one of the few licenses known to meet this definition.

Companies often begin to develop an open source policy when someone in management realizes that they do not know how dependent their IT department or software products are on open source software. When companies turn to open source software, they get rid of the strict vendor lock-in that can harm users from their packages. Open source software is much better at keeping to open standards than proprietary software.
If you value interoperability with other companies, computers, and users and do not want to be constrained by proprietary data formats, open source software is certainly the solution.

More and more often, many DoD features are available through open standards such as TCP, HTTP, HTML, and CSS – in such cases, it is relatively easy to use or switch to open source software implementations ( as platforms used for client or server implementation become less relevant ). Open standards make it easier for users to adopt an open source software program ( later ) because open standards users are not locked in a specific implementation. Thus, although open – source standards differ from open – source software, they complement each other and can work well together.

Since open source is inherently free and accessible, public clouds ( such as AWS, Azure, GCP ) have been very effective in distributing and monetizing open source software without significantly contributing to open source projects. In addition, given the success of some open source business models ( such as open – core, mentioned above ) offering a combination of open source and proprietary software, it is clear that proprietary software will never run out of business.

Today, open source software is thriving because it is free, state – of – the – art, often customizable, produce higher quality code, eliminates vendor lockout, helps with recruitment and many other reasons.  The choice between open source and closed source software ( i. e. proprietary software ) depends on many factors. Open source is not without its challenges: it is difficult to find a balance between free software and sustainable business.

 

Challenges faced by Open Source Softwares

Executives and lawyers are often very concerned about being sued for the use of open source software, being caught without sufficient technical support or getting bad publicity about how open source software is used.

For example, you may not be concerned about how your IT staff uses open source software in your IT environment, but you want to make sure that all software developers working on applications distributed to others know the open source software policies. ‘ Many companies have different standards for open source software used in IT, development and production environments.’ With the change in business conditions, your business will become more comfortable with open source software and the availability of new open source software packages and licenses, you will want to adopt the policies to new situations.

In terms of security, open source can make it easier for hackers to learn more about software vulnerabilities or loopholes than closed source software. Open source projects are often loosely organized with “little formalized process modeling or support,” but tools such as problem trackers are commonly used to organize open source software development. Customers can be prepared to use open technology on a standard basis and thus pay for open source software when the additional value is added. Many advocates say that open source software is inherently safer because everyone can look, edit and modify the code.

Although open source code is available for everyone to view and use, it is also vulnerable to malicious users.

#Explained

Analysis: Decentralization is the future

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decentralization is the basis of bitcoin blockchain. A development that has threatened to dig up decentralization is the creation of integrated circuits.

In 2008, when Satoshi Nakamoto wrote down the famous white paper in which he proposed a decentralized financial system, he did so in the context of crumbling banks and governments, which as a centralized institution, caused an economic collapse due to poor decision – making and management. Decentralization is the basis on which the entire Bitcoin blockchain is based, and that is why Bitcoin was created primarily to provide an alternative to the central authorities that operate our current global monetary system.

Today, the concept is challenged by the uncontrolled growth of Bitcoin mining – giants such as Bitmain, a Chinese mining company that continues to generate absurd profits and continues to monopolize the Bitcoin network in pursuit of industry dominance.

 

Ethereum Blockchain

The cryptocurrency economy has come to a conclusion – at least for the foreseeable future – Ether will continue to feed the ICOs and lay the foundations for distributed applications. Called Ethereum’s Proposals for Improvement ( EIPs ), they allow for massive participation in decisions that could radically change the future of the network. However, the use of EIPs Ethereum tries to embody the principle of the blockchain technology, namely centralization leads to errors and inefficiencies, while the network, with the right technology, can make better decisions and work more effectively. So, when companies such as Amazon and Chile’s Energy Authority support Ethereum, they do so in a project that advocates – and through EIPs – real practice decentralization.

 

The need of Decentralization:

Where buildings such as capitalism, money, and democracy need new codes, new software, updated smart contracts, better AI and a more united kingdom, full of corporate social responsibility, equal opportunities, and prosperity shared with all. It is not only software decentralization, but it is also the shift of human values to a new way of thinking about exchanges, energy and the shared future of humanity.

The blockchain technology, which offers an alternative to existing trading, governance and finance systems, has the potential to disrupt the industry and create new and exciting opportunities for billions around the world. A development that has threatened to dig up decentralization is the creation of integrated circuits or ASICs for applications. Even more complicated and challenging to decentralize is the rapidly changing world of hardware and the fact that a large technology company now produces most ASICs on the market.

While many Bitcoin advocates see the blockchain as nothing more than competition for existing payment methods or gold, others believe that the blockchain technology is the harbinger of things the world has never seen before.
Bitcoin’s market share has been declining slowly in recent years, and although many believe that bitcoin will continue to grow, there is a rapid rise in other parts of the blockchain ecosystem. When decentralized blockchain protocols begin to break down the central web services that dominate the current internet, we will begin to see real sovereignty on the internet.

 

The future of Decentralization:

Recently, blockchains have become the focus of attention as the first technology to use decentralized device networks. With the promise of full ownership and monetization of their data, blockchains are seemingly convincing alternatives to older third-party data farms. While blockchains use the increasing movement of increasingly powerful personal devices, they have a relatively limited use case and do not fully exploit the potential of paradigm shifts.

This is decentralization, which is a decisive factor in cryptocurrency and blockchain technology in general.
In addition to the major cases of well – known use, there are examples of massive companies that eliminate a “one – point failure” in their closed systems, for governments that approve university degrees. Secondly, governments have historically been serving exchanges with asset seizures, which have paralyzed merchants who hold large amounts of cryptocurrency in the market. If decentralized exchanges become a real reality, the regulatory war will become even more complex for legislators: their current strategy is to target exchanges that operate under their jurisdiction.

Blockchain technology can provide a new way of confirming identity, ways of moving data faster and cheaper, easier transactions such as payments, claims, and data sharing.

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#Explained

Brief: What are ERC-721 Tokens?

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ERC-721 defines features that give it some compatibility with the ERC20 standard. Similar to it, ERC-721 standard has opened the door to new smart contract

Ethereum tokens became popular in 2016 – 2017 when they began to be widely used by ICOs to represent usefulness or ownership. Later, in 2017, Ethereum tokens began to be used to represent the assets of the game, such as in the famous cryptocurrencies. While the ERC-20 tokens dominate the ethereal part of the market, for the time being, more and more projects are expected to shift to the new and improved standards.

 

ERC-721 Tokens

Application developers can integrate ERC-721 tokens into their platforms, but in order to improve such development, public API and public network nodes can make non – fungible blockchains available to most mobile and web developers – most of them use JavaScript.

 

ERC-721 tokens can be used in any exchange, but their value is due to the uniqueness and rarity of each token. ERC-721 defines some features that give it some compatibility with the ERC20 standard. Similar to the ERC20, the newly proposed ERC-721 standard has opened the door to new smart contracts that act as un-mouldable items.

 

For example, a virtual work of art in which the work of art is symbolic and the property of the token directly reflects the property of the work, stored in the blockchain.

 

Like many others, the ERC-721 is a free open standard, describing how to build the tradable Ethereum tokens on the blockchain. While the ERC – 20 runners are fungible, which means that they can be exchanged between themselves, the ERC-721 standards has been used for nonfunctional or “unique” items.

 

The nonfunctional tokens allow you to detail more about the attributes that make them special – well beyond the name, balance, supply of tokens and symbols. The nonfunctional runners have not been accepted as quickly as some lawyers hoped, partly because the ERC-721 protocol is so new. There are concerns about the fact that the use of nonfunctional tokens could eventually become fragmented, with different standards and different certifications.

 

Fungibility is the interchangeability of goods or assets with other single goods or assets of the same type.
When you purchase ERC – 20 tokens, your property rights will be written in smart contracts.

 

In fact, the idea of having ownership in a decentral blockchain makes it particularly suitable for collectors – there is no doubt about the rarity of a particular collection item – there is ( theoretically ) no central control over who owns what, there is no doubt there. However, by framing ERC-721 like non-moldable tokens rather than digital collectors, the standard is very much to track and transfer property.

 

As more ERC-721 contracts implement more metadata, the question of where images live is becoming important for the nature of applications and decentralized markets.

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#Blockchain

Explained: IBM Blockchain

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Large tech companies such as IBM have already implemented the blockchain technology to a large number of industries that they work in.

To begin with, it is important to know that the blockchain is not a database, but a network. Thanks to the use of technology that supports all transactions with security and trust functions, the blockchain network can check data exchange quickly and accurately, making the process much less burdensome. Large tech companies such as IBM have already implemented the blockchain technology to a large number of industries that they work in.

Blockchain Technology

Blockchain technology can be applied to virtually any industry, hundreds of companies are changing their businesses. Global Payments, which used to last days, can now be deleted and resolved in seconds with new advances in the universal payment processing of the blockchain.

Blockchain and large Data are among the leading emerging technologies that have been designed to revolutionize various industries, radically altering the way companies and organizations operate. State – of – the – art public blockchain protocols based on the Proof of Work ( PoW ) consensus algorithms are open source and not permitted. Private blockchains are a way to use blockchain technology by creating groups and participants who can verify transactions internally.

By storing data through its peer – to – peer network, the blockchain eliminates a number of threats associated with the central data. Proponents of both authorized or private chains say that the term “blockchain” can be applied to any data structure that distributes data in blocks with the time stamp.

 

IBM Blockchain

Earlier, Natixis and Trafigura teamed up with IBM to use a Fabric – based blockchain for commodity trading finance for US crude oil transactions. Last year, IBM announced a number of new textile-based blockchain projects: The company partnered with Sichuan Heijia to develop a platform for The supply chain of blocks for pharmaceutical purchases. While most other blockchain projects focus on cryptocurrencies, Hyperledger’s projects have a strong potential to build the backbone of non-currency, high – scale industrial blockchain technology applications.

The leading Innovation manager for the Industrial Sector, the Watson and Cloud Platform, provides a quick overview of the blockchain, how it works and how it affects business managers. The blockchain is often confused with Bitcoin and cryptocurrency, but crypto-currency is only the most famous incarnation of the blockchain. For Bitcoin and other cryptocurrencies, Blockchain accounting technology offers a single unit of accounts that displays the value of Bitcoin and all related transactions. Indeed, IBM has introduced blockchain technology for the supply chain in the aerospace, agriculture and electronics industries.

Hyperledger of digital Asset is a ready – to – use blockchain server with a client API for financial services companies. The technology giant IBM agrees: it contributes tens of thousands of code lines to the Hyperledger project, while at the same time believing that open technology is the best way to create a genuinely applicable blockchain implementation for today’s business and business market. IBM sees blockchain and accounting technology as a way to make the Internet more aware of trade.

You can use blockchain technology in decentralizing applications such as event registration, title registration, medical records, identity management, and transaction processing, etc.

Blockchain was first developed for bitcoin as a financial application, but now it extends to activities such as decentralized applications and collaborative organizations that eliminate the intermediary. Many companies have begun to build ethereum platform and now allow users to use their platform to make blockchain applications.

Everyone is watching how the distributed ledger technology of the blockchain is revolutionizing the way organizations manage their business operations. IBM has partnered with more than 400 clients for financial services, supply chains, Internet of things, risk management, digital rights management, and health care to implement blockchain applications provided through the IBM Cloud. IBM offers a flexible platform and secure infrastructure to help you develop, manage and manage your blockchain network. More than 40 active networks with several organizations use the IBM Blockchain Platform to exchange assets daily and improve business processes, from food security to trade efficiency and digital payment.

With the help of IBM’s enterprise-class blockchain platform, the consortium aims to significantly reduce the time it takes to isolate the source in the event of another foodborne epidemic. With Walmart’s commitment to digital transformation, we can certainly see a time when the emerging technology of the blockchain and the internet of things for food security is linked to machine learning and analysis.

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