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Showing posts with the label Cardano

Blockchain 101: Understanding the Building Blocks of Blockchain Technology

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Blockchain technology is one of the most talked about and rapidly growing areas of technology today. It is built on a number of key elements, each of which plays a crucial role in the functioning of the system. In this blog post, we will demystify and break down some of the key ingredients of blockchain technology and explain the inner workings of this revolutionary new wave. 1. Introducing Blockchain, Cryptocurrency, Coins, Fungible and Non-Fungible Tokens Blockchain: as an overview, blockchain technology is a decentralized digital ledger that is used to record transactions across a network of computers. Its decentralized nature makes it resistant to tampering and modification, creating a transparent infrastructure for users to store and transfer their digital assets.  Cryptocurrency: (as a broader term) is a digital virtual currency that is secured by cryptography as a means of securing communications and using key-pairs as a provable identity, to execute transactions on the blo...

What Everybody Ought to Know About Distributed Ledger Technology and Blockchain When Combined With No-Code

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  Introduction to Distributed Ledger Technology and Blockchain Distributed Ledger Technology (DLT) and blockchain are disruptive technologies that provide secure and decentralized information exchange. However, not many have yet to fully understand and fathom what blockchain is, where it will be in the next decade, and why their transactions are more secure than their predecessors. Today in this whitepaper, we will cover everything you need to know about DLT and blockchain technology, along with the underlying potential that this new wave is bringing to enterprises. When it comes to Distributed Ledger Technology, abbreviated as DLT, and the rising star blockchain technology, we need to focus on two words — decentralized and immutable. Decentralization means that all data is stored on the network in a distributed manner and stored on millions of computers simultaneously so that we don’t have to rely on a central authority to make decisions. Immutable, on the other hand, refers to th...

Want to Know Where Your Coffee Comes From?

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    This post is contributed by Team Joget. As part of  Cardano's Catalyst Fund 7 , a full-featured  Coffee Provenance App  was built in a record 4 days by just one developer. Before we get into how it was done, let’s see what the DApp is about. One of the key features of the Coffee Provenance App is the ability to generate a QR code that, once scanned from the coffee packaging, allows you to trace the origin of where the coffee was farmed, processed, roasted, and packaged before being delivered to your neighborhood cafe! If you are a coffee connoisseur and you care where the coffee you drink comes from, you will be interested in the provenance and integrity of the coffee; that it originates from where it says it is from, throughout the entire supply chain. And won’t it be nice if you could use your phone to scan a QR code while you are at your favorite cafe and get the entire history of your coffee supply chain right at your fingertips?!  Interested? We ar...

Cardano and Joget: Building No-Code, Composable Blockchain Apps

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1. Introduction Joget is an open source low-code/no-code application platform for faster, simpler digital transformation. Previously, we have seen how we can integrate Hyperledger Fabric with Joget . So in this article, we will look at a no-code approach to integrate another popular blockchain technology, specifically the Cardano blockchain, into a full-fledged web application. 2. What is Cardano? Cardano is a third-generation, open source, decentralized proof-of-stake (PoS) public blockchain platform, that aims to be a decentralized application (DApp) development platform with a multi-asset ledger and smart contracts . It is also home for the cryptocurrency ADA. The blockchain operates on the Ouroboros proof-of-stake consensus protocol. Compared to first-generation proof-of-work mechanisms like Bitcoin, instead of relying on powerful machines solving complex cryptographic equations to achieve consensus and compete for block rewards, the proof-of stake mechanism relies on end users s...

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