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The most popular application of blockchain technology is in digital currency. However, due to
its decentralized nature with openness and security, blockchains are being seen as one of the
ways to ensure transparency, accountability and efficiency in business as well as in governance
systems. For example, in health care, better data sharing between health care providers would
result in high probability of accurate diagnosis, more effective treatment and the overall
increased ability of health care organizations to deliver cost-effective care.
How Blockchain Works
1 2 3

A transaction is A Block that represents The Block is sent to
requested the transection every node in
is created the network

4 5 6

Nodes receive a The Block is added The transcation
Nodes validte the to the existing is Complete
transaction reword for the
Proof of work Blockchain
Apart from the above implementation areas, the blockchain technology can be used in diverse
sectors such as banking, media, telecom, travel and hospitality and other areas.

MEMORY BYTES

 Emerging trends are the state-of-the-art technologies which gain popularity and set a new trend among users.
 Artificial Intelligence endeavours to simulate the natural intelligence of human beings into machines, thus
making them intelligent.
 Machine learning comprises algorithms that use data to learn on their own and make predictions.
 Natural Language Processing (NLP) facilitates communication with intelligent systems using a natural language.
 Virtual reality allows a user to look at, explore and interact with virtual surroundings, just like one can do in the
real world.
 Cloud computing, often referred to as “the cloud”, is the delivery of on-demand computing resources over the
internet on a pay-for-use basis.
 The superimposition of computer-generated perceptual information over the existing physical surroundings is
called augmented reality. Emerging Trends
 Robotics can be defined as a science, primarily associated with the design, fabrication, theory and application of
robots.
 Big data holds rich information and knowledge which can be of high business value. Five characteristics of Big
data are: Volume, Velocity, Variety, Veracity and Value.
 Data analytics is the process of examining datasets in order to draw conclusions about the information they
contain.
 Internet of Things (IoT) is a network of devices that have an embedded hardware and software to communicate
(connect and exchange data) with other devices on the same network.
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