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What is BlockChain Technology?

What is Blockchain and Bitcoin?

Before we go on to understand what is Blockchain, it important that you understand what is Bitcoin:
Bitcoins are a crypto-currency and digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. That means they can be used like a usual currency, but don’t physically exist like dollar bills. They are an online currency which can be used to buy things. These are similar to “digital cash” that exist as bits on people’s computers. Bitcoins exist only in the cloud, like Paypal, Citrus or Paytm. Even though they are virtual, rather than physical, they are used like cash when transferred between people through the web.

The Bitcoin system is peer-to-peer network based and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a Blockchain. Since the system works without a central repository or single administrator, Bitcoin is called the first decentralized digital currency.

Bitcoin production makes them a unique currency. Unlike normal currencies, Bitcoins cannot be created as needed. Only 21 Million Bitcoins can be created, of with 17 million have already been created. Bitcoin get created whenever a block containing valid transactions is added to the Blockchain. This is the only means for creating Bitcoins and through various mathematical and encryption algorithms we ensure no fake Bitcoins are created or circulated. Let us now understand more Blockchain.

What is Blockchain?

Blockchain can be called the spine of the entire crypto-currency system. Blockchain technology not only helps with the users perform transactions using crypto-currencies but also ensures the security and anonymity of the users involved. It is a continuously growing list of records called blocks, which are linked and secured using cryptographic techniques. A Blockchain can serve as “an open and distributed ledger, that can record transactions between two parties in a verifiable and permanent way.” This ledger that is shared among everyone in the network is public for all to view.This brings in transparency and trust into the system.

A block is the ‘current’ part of a Blockchain which records some or all of the recent transactions, and once completed goes into the Blockchain as permanent database. Each time a block gets completed, a new block is generated.

The Blockchain is typically managed by a peer-to-peer network, collectively adhering to a protocol for validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks and a collusion of the network majority. Transactions once stored in the Blockchain are permanent. They cannot be hacked or manipulated. We will learn more about this once we get into the concepts of Blockchain.

Leadership, Innovation and Entrepreneurship

The words innovation and entrepreneurship cause confusion when addressing what leadership qualities are required to foster both.  The two concepts have mutually shared features and meanings.  An entrepreneur is someone who creates something new or different, transmuting or changing values, shifting resources from low to high productivity .  Correspondingly, innovation is, “driven by the ability to see connections, to spot opportunities and to take advantage of them”.  Innovation can range from incremental through to radical product, process, position or paradigm change and is about reshaping the status quo to create value .  One is an innovator if they, through entrepreneurial activities, have found utility for their invention in a market stating that innovation is the knowledge base of entrepreneurship.  An individual can be both, but it’s generally the purview of entrepreneurial start-ups with established organisations relying on people networks.

From Team Eclators organisational context, the term intrapreneur means an intra-corporate entrepreneur who take ideas to reality and whose absence decreases innovation possibilities .

Implementing AI In Website Development

Artificial intelligence in web development can really have a surprising outcome for building web experience that helps quicker business conversion. Just think of browsing a website and when you have shown interest in certain products, the web interface automatically offers you some promotional offers to give you more reasons to go for buying it then and there. AI can help deciphering buying intents based on user behavior and boost conversion. Here are some of the ways Artificial intelligence in web development can help benefit the user experience.

Predicting reply better

The communication process between computers and users is never natural because machines fail to understand human emotions and respond accordingly. New chat bots powered by artificial intelligence can communicate more effectively leaving no scope for misunderstanding or lack of communication. The web users of the coming time will have the more proactive response from the apps and websites thanks to AI bots.

Improved user experience

 Thanks to AI adapting to the user needs became easier than ever. Through Artificial intelligence in web development, one can understand the user preferences, moods and accordingly can judge the context of the user. Obviously, by understanding the user context and situations customer service and user experience can be given a boost. When it is about judging the user based on a complex and large volume of data, user analysis can be better with the analysis of contexts and situations.

Voice-based search

Deciphering user intents and preferences based on the voice and tonal differences of the user is the latest frontier to be achieved by the artificial intelligence. Earlier, understanding user’s spoken the language was problematic because of differences in pronunciation. Now, thanks to natural language processing technology user intents can easily be deciphered. AI bots powered by voice command and search will only take this technology further ahead. A vast majority of artificial intelligence research projects seem committed to making voice search more intuitive and humanely.

Augmented customer experience

Just think of seeking help from department store staff while shopping. What do you do in case you need the same kind of help while shopping online? In spite of continuous insistence and repeated effort to make web shopping experience better, sometimes simply it lacks the human help and guidance. This is where AI-powered chatbots can really play a positive role. While shopping on a web store you can seek help from an intelligent bot.

Work smarter, not harder.

Many people envision an entrepreneur as being someone who works 18-hour days, doing nothing but eating, sleeping and breathing his or her business. We tend to paint the picture of someone so driven to succeed that their entire life involves working. Of course, hard work is a key to succeeding as an entrepreneur — it takes grit, after all.

 But it doesn’t quite look like that in reality: Working every waking minute of the day isn’t going to automatically make you a successful entrepreneur. This approach would mean that the entrepreneur is responsible for doing everything, like the old adage, “If you want something done right, do it yourself.” That approach may work occasionally, but the majority of people aren’t capable of sustaining such a grueling pace for a long period of time.

Overworking leads to fatigue, which leads to errors. Additionally, how many people truly have the skills to do everything? Most of us can do a couple of things really well. There are other things we are average at, and plenty of things that, let’s face it, we are just not good at. You have to learn how to work smarter, not harder, and it’s a mindset that will take some time to get used to.

Create Your Own Path-Become successful entrepreneur

3 Things I want to share with you today…

1st…If you want something NEW to happen in your life, your business, or anywhere, you have to do something DIFFERENT.

2nd…When you do something DIFFERENT you change the way you are thinking, making the shift from left-brain routine to right brain innovation. This is being supported by both brain scientists and spiritual leaders.

3rd…My mission to illuminate for you the ability you possess to “flip the switch” from left to right brain thinking using Creativity Workouts and the Arts is going to provide you with what you need to create the change you desire in your world, to evolve your thinking in this rapidly evolving world, & to lead a blanced and fulfilled life.

First, let me take you on a little tour to illustrate a Creativity Workout. Follow along with the intent of getting into your right brain (if you are sitting at your computer right now, obviously, you are engaged in the heavily left-brain dominated world and a little right brain exercise is always good.

How to Launch a Successful Startup?

#StartupIndia is an initiative of the Government of India. Team Eclators try to give small contribution in this new approach. Think Big, Think Fast, Think ahead.

This article is not to discuss about pros and cons of any startup or StartupIndia.

70% Startups are not Launched in Market. So if you are a startup , don’t worry about that. we have magnificent idea to Launch and success your Startup Plan.

A spider producing silk is hard to believe! Where can they be found? so We are also working on the same concept Like Spider doing , create trap associated to the relevant market. we found specific audience related to your business and have different legs in many market , so there are lots of ways to earn and build your startup plan or business.

Our Core idea is to Provide solution to represent in Market. we have answer of very common Question of Our Valuable Clients. How To sell?, How to Launch ? How to Grow ? So We are here with Our Experience , Technology & Market analysis to represent your business in Market and smoothly grow. People make their websites , and maintain very well , but didn’t get business , so result is zero. we develop an idea to Grow in their business and achieve their desired Goals.