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BLOCKCHAIN
Blockchain refers to the system of recording information which makes it difficult or impossible to
change, hack, or cheat the system. Every business runs on information and blockchain is a shared
ledger on which we record the transactions and track assets (tangible or intangible) in a business
network. Tangible assets include houses, cars, cash, lands, etc. and non-tangible assets include
intellectual property, patents, copyrights, branding, etc.
It is a digital ledger of transactions that is duplicated and distributed across the entire network
of computers on the blockchain. Each block in a chain may contain the record of the number of
transactions made and the occurrence of new transactions. This record of every transaction is updated
and added to the participant’s ledger. Anything that carries value can be recorded and tracked and
can be traded on a blockchain network.
RPA (ROBOTIC PROCESS AUTOMATION)
Most of the jobs in any industry consist of the tasks that are
repetitive in nature and can be automated. Robotic Process
Automation (RPA) allows organisations to automate tasks
which human beings were doing across any applications
and systems. The purpose of RPA is to transfer the execution
of the process from humans to robots. Robotic automation
uses the existing IT structure without using any complex
system integrations. Robotic Process Automation
RPA can be used to automate anything. It can be the workflow, infrastructure, and back office
processes which are labour intensive.
Here, we will discuss some of the latest technologies.
INTERNET OF THINGS (IOT)
IoT is basically a system of interrelated computing devices, people,
animals, objects, mechanical and digital machines, all of which have
a unique identifier and can transfer data over a network without any
human intervention.
WAs Neil Gross famously said in 1999 — “In the next century, planet
earth will don an electronic skin. It will use the Internet as a scaffold
to support and transmit its sensations”.
This concept has unbelievable potential in many businesses and industries.
To check on SIDS (Sudden Infant Death Syndrome), the Mimo monitor is a new kind of infant monitor
that provides parents with real-time information about their baby's breathing, skin temperature,
body position, and activity level on their smartphones.
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