Advantages And Disadvantages Of Blockchain

Pharm Universe 's existence and success revolve around intellectual property (IP). There is very high competition in the pharmaceutical industry. Pharma Universe’s biggest concern is the security of the “Intellectual Property” which is required to produce new drugs. If this information is leaked to the competitors then that can be a huge advantage for them as not only it will save their investments (both time and money) in R&D, but it will also significantly reduce the market share of Pharma Universe from a new product as the company won’t have any unique drug formula left with it.

By reading this abstract, we can get complete organization of the article. Here, initially author explains inception of bitcoins and their usage as alternate money. This abstract expresses the overall idea behind the article. Later on, author explains the “prototypical implementation of the process of exchanging data for electronic cash between a sensor and a requester by

Quickly business has moved from point-to-point modes of communication, sending linear streams of information back and forth like a ping pong ball, to a centralized storing of data, accessible for a multiplication of efforts by anyone, anywhere.

At the present time we can say that the data exchange process is characteristic of this era,

The opening up of this industry will require huge investment and manpower. Pharmaceutical Industry has huge profit margin and demand throughout the year, especially in India as it hold one-seventh of the world’s population. The global pharmaceuticals market is worth

The first aspect is “customer knowledge” it is necessary to know what your customers advantages and disadvantages are. Implying awareness of key customer characteristics that are relevant to your organization’s business processes. You will also need to analyze the different types of customers you have and how each customer type interacts with the business. The Information System helps to get the date of different customers when purchasing different products. When purchasing a product the customer’s needs to insert data such as “name”, “date of birth”, “address”, whether the individual is married, his preferences, as well as analytical characteristics such as purchasing patterns or credit worthiness all these information creates a data base

Going to school on campus typically means the student attends a classroom with an instructor. The student is in a classroom setting, and the instructor teaches the information. The student has the opportunity to be engaged with the instructor’s lesson. Campus learning requires that the student has set days, and time to attend class.  A school campus usually has a library, classrooms, student centers, and parking lot settings. Going to school online is where the student is studying a major and doesn’t have to go to an actual campus. Online learning has the assistance of the internet and a computer.  It is geared for students who have other commitments such as work, kids, or other obligations. Online learning requires the student to respond to the instructor by a certain deadline. It also requires the students to interact with their other classmates. Online learning requires students to sign into a website and get assignments completed by the required deadline. The online school usually sends the textbooks out for the student study material instead of you going to the bookstore to purchase them. Attending school on a campus is more beneficial than attending school online.

Bitcoin like any other currency has some demerits associated with its use. First, the value of bitcoin fluctuates periodically causing bitcoin-accepting sites to continually adjust their prices which bring confusion in a refund for a product made. Likewise, there is no buyer protection where the seller cannot reverse the transactions. Bitcoin also causes deflation as the total number of bitcoin maxes out. This leads to spending surges which cause the bitcoin economy to be unstable which eventually causes unpredictability. Bitcoin also has no physical form which makes it harder to be used in physical store. Bitcoin users are forced to convert the currency to store it.

Blockchain, the future of transactions. It worries many people with confusion, but others embrace it as the future. “In the financial markets, trades happen in a fraction of a second. But actually exchanging the assets and payments can take days, involving multiple banks and clearinghouses. That can lead to errors, delays, added costs and unnecessary risks” (“Blockchain: The New Technology”). Todays system is inefficient. It can take days for a transaction to be verified, in that amount of time stocks could plummet and the market could crash. The extra time makes for more unnecessary risks. Blockchain is a giant ledger that registers all types of transactions. These transactions can include anything from selling plants to selling houses, verified in a matter of seconds. Blockchain is virtually unhackable and is very reliable. Blockchain is so secure because it is decentralized, it utilizes cryptography, and it is run by its users.

Crypto-currency is universal, the fee for transactions are cheap, there is a potential for making money from investing and it is going to be the new way of the world. According to Merriam-Webster.com, cryptocurrency is, “any form of currency that only exists digitally, that usually has no central issuing or regulating authority but instead uses a decentralized system to record transactions and manage the issuance of new units, and that relies on cryptography to prevent counterfeiting and fraudulent transaction” (Merriam-Webster). There is a global problem with converting money between countries and this will solve it. Everyone needs to invest in crypto-currency because there is not only potential to make money but it is the answer to simplifying world-wide trade, making it the new way of the world.

When someone creates something, that is solely from their mind, whether it be literature, a play, a piece of artwork, it is Intellectual Property. Intellectual Property is important because it allows the economy to grow, as well as captures the devotion of its inventors and creators, by becoming financially beneficial. Intellectual property helps promote development and aims for a more economic growth in overall well-being. In direct relation to pharmaceutical drugs, the creation of the drugs are never ending, and also supplies a huge source of financial growth for all of the developing companies. In fact, “The combined profits for the ten drug companies in the Fortune 500 ($35.9 billion) were more than the profits for all the other 490 businesses put together ($33.7 billion) [in 2002] …” (The Truth about Drug

Good governance is one of the factors for economic growth and sustainable development at almost all sectors of society. The chaos in such negative parameters, are the prime drawbacks and violence that are failed and clearly pictures the results that prevents bad governance exist. There are many parameters that define pharmaceutical governance

Bitcoin is a digital currency, similar to cash due to the fact it is instant, however, is not managed or controlled by a central government or organization. Instead, the network is run on thousands of independent user’s computers. None of these computers have more control over the network than any other computer. The network that Bitcoin was founded upon is based on 40 years of research in cryptography and over 20 years of research in cryptocurrencies; by thousands of researches around the world.

The article “The problem with Bitcoin” is on software Bitcoin which designed to revive money. This article represents how the software works, how it can be dangerous. The Bitcoin network launched in 2009 by Satoshi Nakamoto who has disappeared after a year and nobody knows who he actually was. He designed crypto –currency to decrease the interference of corruption. However, both researcher and criminals are aware of ways to do corruption.

All the things that we use in day today life needs money to buy them. Cryptocurrency is a form of digital money that is designed to be anonymous and secure (MeGoogan). The big question here is that why we use Cryptocurrency since we already have a current currency system? The answer is that Cryptocurrency is much better than the current system that people should adopt it because, it doesn’t run by the governments and banks, it is a decentralized system, there is no bank to reserve money, you must regulate your money and do proper investments, and you don’t have to trust the system you can just trust the people you are transacting with.