Blockchain & Big Data www.bitdeal.net
Introduction Blockchain - A technology that becomes the big booster for digital transformation around the world. We all know blockchain has already started to disrupt, revamp and transform many major industries like banking, healthcare, Finance & insurance, Supply chain, education, more and more. All these industries are focused to provide services for end-users. So, here the use cases and inuence of blockchain can be easily identiďŹ able as it tightens the security, transparency, and traceability while providing services to end-users.
Blockchain " it's a distributed decentralized public ledger technology, which is solely invented for handling bitcoin transactions�. By understanding the unique use cases, exibility, security, and transparency, developers started molding it to adopt entrepreneur requirements on enhancing their business operations. This becomes the reason for the growth of private blockchain adoption across many industries, corporate, organizations, governments, and technology platforms.
Big data Just like the blockchain, big data is also standing as a backbone for many industries, as it handles the raw volume of data, and derives the best possible solutions to drive a business or project positively. Blockchain is just an infant technology, but big data is already having huge fame across industries especially businesses like Google, Apple, Facebook, Amazon won't be able to achieve success without the involvement of big data analytics. Big data is a rich concept, and slightly a complex whenever the data sets become unpredictable.
Where Blockchain and Big Data Meets? These two big technology hands, will get connected whenever there is the flow of data becomes unstoppable and data processing to be held on time. We think blockchain completely differs from big data, but I can say, blockchain is another kind of data handling methodology but in a different manner. Blockchain and big data handles “ The Data”, but are having different criteria, protocols and methodologies. Big Data Ensures Data Quantity and Blockchain Ensure the Data Quality.
Risks and Challenges in Big Data Security Managing the Data Quantity Identifying and understanding malicious Data Speed Cost Management To know more read, How Blockchain Can Transform Big Data Industry ?
Blockchain Use Cases in Big Data Ensures Trust hence Data integrity Predictive data analytics Real-Time Data analysis Manages Data sharing Prevents malicious activities
Bitdeal We a hub of blockchain solution company, widely provides blockchain solutions for around more than 20+ corporate industries, businesses, and organizations. At bitdeal our blockchain developers enthusiastic about ďŹ nding innovations in implementing blockchain technology's use cases for various industries. Currently we have successfully undergoing some unique projects which is based on blockchain in telecom, big data, and AI. Get a free consultation from Bitdeal Now !!