Whois & Analysis for developers.studio

A blockchain, originally block chain, is a growing list of records, called blocks, which are linked using cryptography.

Blockchains which are readable by the public are widely used by cryptocurrencies.

Private blockchains have been proposed for business use.

Some marketing of blockchains has been called "snake oil.".

In economics, a service is a transaction in which no physical goods are transferred from the seller to the buyer.

The benefits of such a service are held to be demonstrated by the buyer's willingness to make the exchange.

Public services are those that society (nation state, fiscal union, region) as a whole pays for.

Using resources, skill, ingenuity, and experience, service providers benefit service consumers.

Service is intangible in nature.

Technology ("science of craft", from Greek, techne, "art, skill, cunning of hand"; and) is first robustly defined by Jacob Bigelow in 1829 as: "...principles, processes, and nomenclatures of the more conspicuous arts, particularly those which involve applications of science, and which may be considered useful, by promoting the benefit of society, together with the emolument [compensation] of those who pursue them".

Business is the activity of making one's living or making money by producing or buying and selling products (goods and services).

Simply put, it is "any activity or enterprise entered into for profit.

It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors." The term is also often used colloquially (but not by lawyers or public officials) to refer to a company, but this article will not deal with that sense of the word.

Innovation can be defined simply as a "new idea, device or method".

However, innovation is often also viewed as the application of better solutions that meet new requirements, unarticulated needs, or existing market needs.

Such innovation takes place through the provision of more-effective products, processes, services, technologies, or business models that are made available to markets, governments and society.

The term "innovation" can be defined as something original and more effective and, as a consequence, new, that "breaks into" the market or society.

Innovation is related to, but not the same as, invention, as innovation is more apt to involve the practical implementation of an invention (i.e. new/improved ability) to make a meaningful impact in the market or society, and not all innovations require an invention.

Innovation often manifests itself via the engineering process, when the problem being solved is of a technical or scientific nature.

The opposite of innovation is exnovation.