Cybersecurity and Technology

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Tag: new technology

Chika Wonah Blockchain Technology: Explained

Blockchain Technology: Explained

Many financial experts believe that blockchain technology is why Bitcoin and other cryptocurrencies are becoming more popular. According to Lule Demmissie, the president of the financial firm Ally Invest, blockchain technology is a transformative technology that can transform the way people think about more than just cryptocurrencies. Blockchain technology is also expected to change the way we live our lives.

 

Even crypto skeptics believe that blockchain technology has the potential to transform the way we do business. Chris Chen, a financial advisor from Massachusetts, believes that blockchain technology will have a stronger hold on the market than Bitcoin.

 

Blockchain Defined

A blockchain is a digital form of record-keeping commonly used in cryptocurrencies such as Bitcoin. It’s also used in other applications such as financial transactions. A blockchain is a distributed ledger that multiple people can access. This record-keeping system allows users to keep track of their data across multiple computers. Unlike traditional record-keeping methods, which require a central server to store data, nodes can perform various tasks.

 

Each blockchain block is organized into groups of data or blocks. These groups are linked to each other and form a chain. Each block has its own unique code, which is known as a cryptographic hash. This unique code prevents unauthorized access to the data within the block.

 

The information stored on a blockchain is immutable, and it can’t be changed. This means that if someone tampered with the data, it wouldn’t affect the record held by other nodes. This ensures that the data is not altered for their own benefit. It’s almost impossible to reverse engineer a blockchain due to how it works. This means that it’s virtually impossible to replicate its computing power.

 

How Blockchain Is Used

For example, a consumer buys Bitcoin and sends the transaction data to the network of Bitcoin’s nodes. These nodes then approve the transaction and form a block added to the blockchain’s growing list of transactions. Since Bitcoin’s blockchain is public, anyone who owns a Bitcoin can see the details of its transactions. Its public record also allows anyone with a computer to approve transactions and record them on the network.

 

Blockchains don’t have to be public, though. A private blockchain is designed to prevent unauthorized changes and additions to the network. It can limit the number of people who can access the data on the blockchain. This type of blockchain also ensures that the data is secure. The idea of a secure, decentralized record of information has attracted the attention of various industries. It could help solve multiple issues related to record-keeping and data ownership.

 

Predictions on Future Uses of Blockchain

Blockchain technology can transform how people store and manage their information. It can provide complete certainty about the authenticity of the data they’re storing. Recent stories about celebrities and meme subjects cashing in on digital property using non-fungible tokens (NFTs) have raised concerns about the potential of blockchain technology.

 

NFTs are digital assets that can be bought and sold using blockchain. They can be verified by adding the transaction to the blockchain ledger and becoming a verifiable record of ownership. This allows sellers to verify the authenticity of digital works easily.

 

One of the most promising uses of blockchain technology is to secure the transfer of personal data. For instance, if your bank’s data was stored on a blockchain, it could be used to protect it. A blockchain can also be used to secure the transfer of financial data between different financial institutions. It can be used to ensure that the data is secure and accurate.

 

According to Chen, blockchain technology has the potential to transform almost every industry. For instance, an election could be conducted using blockchain technology to prevent unauthorized changes. Another promising use of blockchain technology is to improve the accuracy of inventory records. It could also help food producers track recalled products and avoid exploited labor practices. Its use in securing sensitive information also illustrates the advantages of blockchain technology. 

 

Chika-Wonah-MArketing-AI

AI and Social Media Marketing

The use of Artificial Intelligence in social media marketing has immensely helped improve and fasten marketing jobs. It helps in navigating transformation and optimizing customers awareness. Introducing new technology is frightening, but Artificial Intelligence has proven its worth with the benefits it has brought about.

Artificial Intelligence provides insights through analyzing social data. When the data is properly put in the application, it allows Artificial Intelligence social media scanning tools to help you find new audiences to target and spot promising new paths for social media promotion. It’s sensible to acknowledge recent trends as well as analyze customer interests.

Merits of Artificial Intelligence in social media

Intelligent marketing strategy
It’s important to understand the significance of advertising. It requires the support of social media crusade. Artificial Intelligence enables intuitive analysis of your business, and the customers found online. The use of Artificial Intelligence utilizes data available to get more possible customers. The ads that appear more times increase the sales, enhancing the brand.
Enhanced customer intelligence

The key to marketing productively is researching and understanding your customers’ wants and needs. Artificial Intelligence helps in learning and understanding customers precisely. Human beings will take a considerable amount of time to understand customers’ behaviors, while Artificial Intelligence is accurate and fast.

Artificial Intelligence offers strong security on social media platforms. It has features such as authentication and pattern detection, and these features offer protection to private information and user data. It also helps in identifying brands’ new ideas and opinions. It’s able to get positive or negative phrases in a post.
High audience participation

Through Artificial Intelligence, a lot of companies and businesses get to understand their customers much better and know what these customers prefer. When a business gets this, they will form content that will catch the interest of many and drive them to buy or access the service of the business.
Decreased marketing costs

Artificial Intelligence helps to automatically perform tasks that take a lot of time and give tension to your team. It helps you minimize your human resources to your operations, leaving you to focus on the ad budget. The results will impress you and contribute largely to revenue growth.

Suppose you have a company whose goal is to connect with customers and promote your brand. In that case, Artificial Intelligence can boost your strategy enabling your company to move from one level to another, giving you great profits. It’s very simple to start using Artificial Intelligence.

Chika Wonah Benefits of AI in Education

Benefits of AI in Education

Artificial Intelligence (AI) is becoming more and more prevalent in our lives. Many industries, including healthcare, manufacturing, and retail, use AI. But did you know that education uses AI? We will discuss the benefits of using AI in education.

 

  1. AI Can Provide Supplemental Instruction to Students Who Are Struggling

 

AI has the potential of providing supplemental instruction to students who are struggling. Artificial neural networks (ANNs) are computer models designed based on the human brain known as artificial neurons. These artificial neurons process information similarly to biological neuronal cells in humans. Pattern recognition, classification, and calculation use ANNs. These networks are perfect for problems with a large amount of data that students can use as models to predict labels on new data.

 

  1. AI Is Capable of Creating Personalized Lesson Plans for Students

 

Artificial intelligence can create personalized lesson plans for each student by analyzing their strengths and weaknesses. Students learn better and faster with an algorithm explicitly made for them. It will determine the level of understanding for each student and come up with lesson plans for them.

 

  1. Teachers Can Use AI to Track Students’ Progress

 

Teachers can track their student’s progress by using artificial intelligence. Some teachers are already experimenting with AI to help them understand how their students are progressing through the course material. It allows teachers to determine if a student has trouble understanding specific concepts or needs additional resources based on the collected data.

 

  1. Artificial Intelligence (AI) Offers Quick Responses to Students’ Questions

 

AI can analyze students’ questions and determine the best way to answer that question based on previous answers given by other students. The more people ask the same question, the better the AI decides the best response. It allows for immediate feedback and quick answers to many of your students’ questions.

 

  1. AI Can Be Used as Virtual Tutors for Individualized Learning

 

Artificial intelligence can be used as virtual tutors for individualized learning. AI can be used as a virtual tutor to help students who require one-on-one assistance. It will give the instructor more time to focus on other students and still give them individualized attention.

 

Conclusion

 

The benefits of artificial intelligence in the classroom are endless. We must ensure that we are using AI to meet the needs of the students. Only then can we truly maximize the potential of this powerful technology.

 

Chika Wonah U.S. Tech Hubs

U.S. Tech Hubs

A vibrant tech ecosystem provides numerous benefits to both consumers and the industry. Millions of Americans and billions of dollars worth of investment capital flow into technology hubs. One such hub is Silicon Valley, which boasts a dense network of venture capital firms, large corporations, startups, and established businesses.

 

Silicon Valley Statistics

The yearly amount of VC funds in Silicon Valley has risen steadily since the early 2000s. Between 2008 and 2010, the number of companies accepting venture capital increased by an average of 20%. According to the National Venture Capital Association, California has become the leading startup capital of America. In 2008 alone, over 60 billion dollars were invested in new startups.

 

Silicon Valley has successfully replaced New York City as the most important technological innovation and commercialization center for the past few years. 2014 was a particularly fruitful year for Silicon Valley.

 

The Advent of Major Tech Companies

In 2014, technology giant Apple opened its first research facility in Beijing, China. In April, Google announced it was establishing a new campus in Singapore. Later in the year, the internet technology company Yahoo announced a new campus in New York City.

 

Apart from this, San Francisco city is home to several networking groups such as Startup Grind and Founder’s Forum, which provide opportunities for emerging entrepreneurs.

 

Benefits of Tech Hubs

Being a hub is beneficial for the government, consumers, and businesses. For instance, a high density of venture capital firms makes it easier to access investments. A non-exhaustive list of the benefits to consumers includes technological innovation and commercialization, improved products, and faster response to demand.

 

However, the benefits to businesses are highly variable. Some benefits include increased revenues, increased profits, and improved products. It is easy for a firm to get more customers through access to larger markets. A high market value is a definite advantage to businesses because it allows companies to access more extensive funding.

 

Silicon Valley has long been an innovator in technology and has made many breakthroughs. However, the presence of competition from China has reduced the prices and quality of products in Silicon Valley. The low-cost shipping of Chinese goods via companies such as E-bay, Alibaba, and Amazon has threatened to wipe out Silicon Valley’s position as an innovator.

 

Conclusion

In conclusion, Silicon Valley is a leading center for technological innovation, commercialization, and global trade. The presence of high-paying jobs has attracted entrepreneurs, and the entrepreneurial environment has led to increased venture capital firms.

Best Tech Gifts Of 2021

Best Tech Gifts of 2021

As the holiday season is now in the past, you might be reminiscing over the gifts you got for your loved ones or planning far in advance for the holiday season of 2022. The problem is finding the perfect gifts that they will love.

 

Fortunately, consumers have the choice between many new electronic devices that might do the trick. These are just some of the best gifts given in 2021.

 

Nintendo Switch OLED

 

In October 2021, Nintendo released a new iteration of the Nintendo Switch. This version of the popular gaming console features an OLED screen, a larger, more vibrant screen that makes handheld gaming more enjoyable.

 

The Nintendo Switch OLED also features a new kickstand and wired LAN port in the dock, making it easy to connect to the internet and play with others. Those stuck with the original model will also be happy with the 64GB of integrated storage this version comes with, doubling the amount from the original version.

 

Oculus Quest 2

 

In recent years, discussions about virtual reality have made consumers interested when they could easily get their hands on this technology. Previous virtual reality headsets were quite expensive and required powerful gaming computers, things a lot of people don’t have.

 

With the Oculus Quest 2, consumers can enjoy virtual reality with a standalone headset. Consumers can use this device to access various games and applications that allow them to explore virtual worlds.

 

Deathloop

 

Created by the developers behind the Dishonored series and Prey, Deathloop is a stealth-adventure game published by Bethesda Game Studios. Gamers control an assassin as they have to strategically make their way through an open world and kill a certain amount of targets before a deadline.

 

The twist in this game is that players are meant to keep dying and restarting the whole process over again, learning new strategies and unlocking new guns every time. By the end of Deathloop, gamers will feel like master assassins.

 

Apple AirTag

 

Chances are you know someone who always loses their important things. This could be their wallet, backpack, or their car keys. An Apple AirTag can help them not lose their precious belongings.

 

These small devices work by creating a Bluetooth connection between the tag and iPhone devices. Once connected to an iPhone, users can find out how far away any of their tags are, even miles away if the Apple Airtag was able to connect to another iPhone.

What is Social Proof?

Social proof is the process where a customer researches a business, whether online or from close friends and family, to determine its popularity, professionalism, or efficacy. Before a customer commits to a product or service, they are likely to find the most popular option and go with that.

Based on the need to conform, social proofing aims to guide social awareness in a specific direction. In the digital age, it occurs mostly on social media sites where a customer would research the product from a pool of friends or reviewers to validate its authenticity. With this understanding, a business stands to benefit significantly through increased sales by Social proofing.

Social proofing is accomplished through several means such as:

Celebrity endorsements: Since celebrities wield a lot of influence over their fans, an endorsement goes a long way in drawing attention to a business. This type of promotion works even better, where the celebrity uses the same product that they endorse.

Customer reviews: Hearing the feedback from different users of the same product encourages a new customer. Reviews are considered much more honest and personal than regular ads. Rating systems on products also point an uncertain buyer to the most popular product based on other customers’ purchases.

Trust & Award badges: A business awarded with a client satisfaction award or trust badge from a regulated governing body also draws many new customers. These awards eliminate or diminish the fear of poor-quality products or services. The same effect can also be accomplished with a warranty offer, making a new customer feel safe in their purchase.

Social Media: This is one of the fastest-growing means of social proofing. Most younger buyers and online purchasers use platforms such as Facebook, YouTube, and Twitter to determine where to focus their attention.

Businesses with an online presence specifically stand to gain from this than those without. A professional, active and engaging social media presence for businesses presents them as far more appealing options than abandoned accounts, or worse, nonexistent ones.

Other social proofing methods, such as crowd wisdom and expert testimony, serve social proofing where adequately applied. Therefore, through crowd mentality manipulation, an upcoming business can benefit significantly from utilizing social proofing well.

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