Frequently Asked Questions
Just a few of the questions we often get asked.
What is Blockchain?
A Blockchain is a continuously growing list of records, linked and secured using cryptography. Each new ‘block’ contains a cryptographic hash of the previous, by design; a Blockchain is highly secure and makes it less prone to being hacked. This is why crypto currencies, though volatile, in terms of their value are seen as highly secure.
What can Blockchain be used for?
The possibilities are endless. We have identified 100’s of separate use cases, from banking to passports. The classic use of a Blockchain, driving consumer interest at the moment is crypto-currencies.
What Blockchain is not:
Blockchain is not just Bitcoin. We believe the implications for disruption in the world of tech and, beyond are massive. We believe Blockchain will change the face of digital transactions and cyber security beyond all recognition.
What is Machine Learning?
Machine Learning is a field of computer science that give computers the ability to ‘learn’ to solve problems without being explicitly programmed to do so.
What is Deep Learning?
Over the past few years analytics and big data are being used to make educated assumptions about behaviour. Google use Deep Learning in their algorithms to help you and guess what you are going to search for next. Netflix also use Deep Learning to provide recommendations as to what you might want to watch based on learnt patterns of behaviour.
What is Artificial Intelligence (A.I) and is it another name for Machine Learning?
Artificial Intelligence is the broader notion that machines can carry out tasks for themselves. It is often used interchangeably with Deep Learning; in practical terms Machine Learning is an application of Artificial Intelligence, which is based on the assumption we can give machines (computers) access to data and let them learn for themselves.
What is the ‘Internet of Things’?
The Internet of Things (IoT) is broadly the concept that devices that connected to the Internet that perform a function. These devices could be sensors, self-driving cars or even home appliances that are connected to the web and exchange data.