Blockchain

Concept and definition

Blockchain

What is Blockchain?

Blockchain is a distributed recording technology that allows the creation of a decentralised and secure database, where transactions are recorded in cryptographically linked blocks, forming a chain of blocks.

Each block contains a record of verified transactions, and once a block has been created, it cannot be modified without affecting subsequent blocks in the chain. This means that blockchain technology provides a secure and reliable way of storing and sharing information without the need for a centralised intermediary.

Blockchain technology is used in a wide variety of applications, such as supply chain management, electronic voting, property registration, identity management, financial transactions and cryptocurrency creation.

In the context of artificial intelligence and machine learning, blockchain technology can be used to ensure the privacy and security of data used to train machine learning models, and to improve the transparency and traceability of artificial intelligence algorithms. In addition, blockchain can be used to create decentralised reputation systems, which can be useful for evaluating the quality of machine learning models and selecting suitable models for specific situations.

More information can be found at: https://gamco.es/blockchain-que-es-y-como-funciona/

« Back to glossary

Do you want to get in touch?

CDRs contain data that a telecommunications company collects about phone calls, such as time and length of call. This data can be used in analytical applications.
Fill the form
Share:
Where is Big Data applied?

We often wonder where Big Data is applied and we can assume a great relevance of Big Data for business. This explains the great in [....]

Read More »
Clustering for data analysis

Clustering methods, or grouping, are a fundamental part of the data analysis process, since they allow an automatic segmentation of the data [...]

Read More »
Industry 4.0 key technologies

Industry 4.0 is the name given to the fourth industrial revolution, which is characterized by the inclusion of advanced technologies in production processes.

Read More »
How artificial intelligence impacts software as a service (SaaS) companies

Software as a Service (SaaS) companies have gained enormous prominence in the last few years, mainly due to the novelty of the products [...]

Read More »
See more entries
© Gamco 2021, All Rights Reserved - Legal notice - Privacy - Cookies