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Master Mentors Advisory

Blockchain for Disruption

Overview

Blockchain Impact on Main Industries in Real time

Blockchain Impact on Main Industries in Real time

 Blockchain has been considered a disruptive technology compared to the Internet, promising innovation in the financial and commercial area comparable to the impact that the Web had on communication. It stands to revolutionize the way we interact with each other based on three main concepts:


  

  • Track and data store – the decentralized and distributed      system across an extensive network of computers becomes a safe way to      track data changes over time.
  • Trust – it is the      key concept. The system allows us to interact directly with our data      in real-time and the network, all the computers verifies the changes in      the transactions which creates trust in the data.
  • Peer-to-peer      transactions – in this system there is no more intermediaries. Instead      of sharing our data with an intermediary such as a bank or a lawyer, we      will share it directly with peers. It is a new way to access, verify and transact      with each other.
  • Smart contracts are computers protocols based on Blockchain      which aims to facilitate and verify deals going beyond buying and selling      currency transactions. Its benefits include extensive instructions on      agreements between two or more parties to complete or not complete a      transaction, removing the need to trust the parties. In these contracts      the “code is law”, the established agreement will be done no matter what.


  

The Blockchain technology has the potential of disrupting industries such as financial services, remaking business practices such as accounting and auditing, and enabling new business models.


Blockchain has been considered a disruptive technology compared to the Internet, promising innovation in the financial and commercial area comparable to the impact that the Web had on communication.

Blockchain Impact on Main Industries in Real time

Blockchain Impact on Main Industries in Real time

Blockchain Impact on Main Industries in Real time


 Blockchain Technology Impact on Main Industries such as.


  • Healthcare: Doctors,      clinicians, and facilities will have better access to health records      without location being a barrier.
  • Transportation: The      immutable nature of a platform that tracks time, date, and condition      removes delivery charges for things like delays and damaged products.
  • Retail and      manufacturing: Companies can track provenance of products, responding to consumer      demand for greater transparency.
  • Oil and gas: The clear      proof of origin eliminates concerns related to black market and other      dubious sources.
  • Finance: Consensus      across members enables them to create an identity management system to      support Know Your Customer (KYC) and compliance procedures.
  • Government: Cities and      municipalities can streamline and improve the permitting process for any      number of activities.

Blockchain in AI & IOT Technologies

Overview

Overview

Overview

  

  • Today, blockchain technology, internet of      things (IoT), and artificial intelligence (AI) are remarkable innovations,      which will improve business processes, bring new business models into      existence and disrupt whole industries:
  • Blockchain, for example, can increase      trust, transparency, security, and privacy of business processes by      providing a shared, decentralized distributed ledger. 
  • Precisely, blockchain technology or, in      general, distributed ledger technology can store all kinds of assets      similar to a register.
  •  IoT drives the automatization of      industries and user-friendliness of business processes, which is essential      for the German and the European industry.
  • AI improves processes by detecting      patterns and optimizing outcomes of these processes.

INSIGHTS

Overview

Overview

  • A possible connection between these   technologies could be that IoT collects and provides data,
  • Blockchain   offers the infrastructure and sets up the rules of engagement while AI      optimizes processes and rules. 
  • By design, blockchain, IoT and AI are  complements and can exploit their full potential if applied combined.
  • Blockchain, IoT and AI are innovations   providing tremendous benefits for security, transparency, immutability,  privacy and the automatization of business processes. 
  • This convergence  will increase the quality of data management by reaching a higher degree  of standardization, privacy and security of data.

BLOCKCHAIN Connect with key disruptive technologies

Blockchain in Artificial Intelligence

AI Blockhain System can be used more in below mentioned popular use cases

AI Blockhain System can be used more in below mentioned popular use cases

  

  • Blockchain and Artificial Intelligence are two of the hottest technology trends      right now.
    • AI Block Chain is a digital ledger that employs       intelligent digital agents to govern the chain. 
    • The company's blockchain acts as a cyber security    tool- and digital ledger- for the real estate, media, healthcare and       financial industries.
    • AI models can be used to analyze, classify and  make predictions from data. Data is central to AI effectiveness, and       blockchain enables collaborative and secure data sharing. 
  • Blockchain can ensure the trustworthiness of data      and can enable more data to be securely shared before AI extracts insights from it.
  • A blockchain ledger can be used as a digital  rights management system, allowing your data to be “licensed” to the AI    provider under your terms, conditions and duration. 
  • The ledger would act as an access management system storing the proofs and permission by which a business can access  and use the user's data.

AI Blockhain System can be used more in below mentioned popular use cases

AI Blockhain System can be used more in below mentioned popular use cases

AI Blockhain System can be used more in below mentioned popular use cases

  • Smart Computing Power
  • Creating Diverse Data Sets 
  • Data Protection
  • Data Monetization
  • Trusting AI Decision Making
  • To provide the monitoring and management of crypto  currency assets for users.
  • Can be used to boosts the efficiency of supply  chains by allowing AI layers to seamlessly monitor the supply chain in      real-time, looking for anomalies in the patterns to detect fraud, delays      and unusual events, and flagging the data for review.
  • Can be used in Stock market Predictions
  • Can be used in AI-powered secure virtual machine  identifies the potential loopholes and malicious intentions while ensuring      robustness under high-intensity attack using a generative adversarial   network. 
  • It can also a secure data trading platform which maximizes   the value of data while ensuring data privacy by separating data ownership   from data usage.
  • In order to aims to enable investors in the token to build wealth through the power of artificial intelligence and the   blockchain.
  • Using Blockchain based AI Services to communicate    & transact along with enables anyone to take advantage of a global      network of AI algorithms, services, and agents.

  

Benefits of Blockchain in AI 

  • By using the blockchain for artificial  intelligence, we can make the way computers think more transparent. 
  • A distributed ledger can store every decision   made by AI, data point by data point, and make them available for       analysis

Blockchain in internet of things

Overview

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  • IoT enables devices across the Internet to send      data to private blockchain networks to create tamper-resistant records of      shared transactions. 
  • IoT enables devices across the Internet to send      data to private blockchain networks to create tamper-resistant records of      shared transactions. 
  • MMAPL Blockchain System enables your business      partners to share and access IoT data with you — but without the need for      central control and management.
  • Blockchain is helping combat security breaches in      an IoT system. 
  • Blockchain is a distributed      ledger technology that combines with IoT to make machine-to-machine      transactions possible. 
  • It has also been used with IoT in smart homes, supply      chains, logistics and a new mechanism called smart contracts.

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Benefits of IOT Blockchain System

  • Blockchain encryption makes it virtually      impossible for anyone to overwrite existing data records. 
  • And using blockchain to store IoT data adds      another layer of security to prevent malicious attackers from gaining      access to the network.
  •  Blockchain within the IoT is still generally the provenance of startups, and they’re populating the marketplace with products that take advantage of the technology’s characteristics 

Blockchain in Augmented & Virtual & Mixed Reality

Overview of AR/VR & MR

Overview of AR/VR & MR

Overview of AR/VR & MR

  

  •  Virtual and augmented reality are technological innovations that are going main stream at the moment and which have huge potential to transform the ways people interact with organizations and their products and services. 
  • As momentum continues to build, we will blur the boundaries between the digital world and the real one with smarter, cheaper, faster, and better virtual reality (VR), augmented reality (AR), and mixed reality (MR). 
  • XR technology can also help professionals maintain the efficiency and quality of the services they normally provide in person.

Virtual Reality

Overview of AR/VR & MR

Overview of AR/VR & MR

  

  • VR is an illusion of reality; one that exists      inside a virtual, software-based world. 
  • When connected to a VR system, the user might be      able to move their head around in a full 360 motion to see all around      them.
  • The aim of virtual reality is to simulate an      experience and create what’s called a "sense of presence." 
  • To do this requires the use of any number of      tools that can mimic sight, sound, touch, or any of the other senses.
  • Real World Applications mostly used under VR Segment      is
    • Hands on Learning
    • Education
    • Try Before you Buy - Retail/B2B
    • Real Estate
    • Engineering & Design

Augmented Reality

Overview of AR/VR & MR

Augmented Reality

  

  • Augmented reality (AR) can be understood as a   form of virtual reality (VR) where the real world is expanded or enhanced  through the use of virtual elements, usually overlaying those elements on      the view of the real world through the use of a visual device.
  • Virtual reality is an entire experience that is      entirely simulated — both the view of "reality" and the objects      in it — while AR only uses some virtual aspects, which are mixed into      reality to form something different.
  • One form of AR, the user watches a live recording      of the real world with virtual elements imposed on top of it. 
  • Lots of sporting events utilize this type of AR;      the viewer can watch the game live from their own TV but also see the      scores overlaid on the game field.
  • AR manipulates the real world space the user      sees, altering the user’s perception of reality.
  • Real World Applications mostly used under AR Segment      is 
    • Medical Training
    • Retail Business
    • Repairs & Maintenance
    • Design Modeling
    • Business Logistics
    • Tourism Industry
    • Classroom Education
    • Field Service
    • Entertainment Properties
    • Public Safety

TYPES OF AR

Mixed Reality

Augmented Reality

  

There are Four Modes in which augmented reality can be used for practical purposes:


  1. Marker AR- has a lot to do with image recognition and requires a camera for scanning
  2. Marker-less AR- provides data on a user's location by utilizing location-tracking devices like GPS, compass, gyroscope, accelerometer
  3. Projection AR- allows user interaction with holographic images
  4. Superimposed AR- an object recognition method that replaces an item fully or partially

Mixed Reality

Mixed Reality

Mixed Reality

  

  • Mixed reality (MR), as the name suggests, mixes      real and virtual environments to form a hybrid reality. 
  • MR uses elements of both virtual reality and      augmented reality to create something new. 
  • It's tough to categorize MR as anything but      augmented reality since the way it works is by overlaying virtual elements      directly onto the real world, letting you see both at the same time, very      much like AR.
  • One primary focus with mixed reality is that the objects      are anchored to real, physical objects that may be interacted with in real      time. 
  • This means that MR could allow virtual characters      to sit in the actual chairs in a room, or for the virtual rain to fall and      hit the actual ground with life-like physics.
  • Mixed Reality will unlock a future where our      natural world and powerful digital information meets.

Real World Applications mostly used under MR Segment      is 


  • Healthcare and medicine
  • Education
  • Gaming
  • Retail & Business
  • Sports/entertainment
  • Engineering/construction
  • Remote working
  • Holograms

How we can Enable Blockchain in VR/AR/MR

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  • With the help of Blockchain technology we can able to create the IP Protected digital assets by using technologies like Smart Contracts,DLTs and NFTS with the help of Ethereum/Hyprledger fabric platforms.
  •  Blockchain technology is increasingly popular for financial and security applications, and it could soon expand into virtual reality.
  • Blockchain technology could turn virtual reality into a secure space for buying virtual land and items, proponents say.
  • Blockchain is used in an attempt to ensure that no one will be able to cheat during purchase in the VR/AR/MR world.
  •  Blockchain is important in VR/AR.MR projects due to its transparency, openness, and the impossibility of rewriting history and cheating

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  •   · Blockchain may make digital assets more accessible to users in VR/AR/MR
  • · NFTs can be used to manage the Digital Assets in VR/AR/MR. It means where users will trade blockchain-backed non-fungible tokens (NFTs) in VR.
  • · With blockchain, game and game digital assets ownership problem is being solved because games can truly own their in-game items without the potential of it being erased or taken away
  • · Blockchain may make digital assets more accessible to users in VR,for example, suppose a clothing retailer wanted to allow customers to try on their designs in a virtual world rather than in a physical location. In that case, they could still maintain the rights to their original designs using NFTs.
  • · An interior designer could create a virtual space for clients to explore before ever purchasing furniture or painting a wall, at the same time, these products used in the virtual space could be NFTs made available for commercial use by the companies that created products used in the design."
  • · Blockchain technology ensures players’ assets and investments are long-lived, beyond the lifetime or interest of any individual company

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