What is Boxing Day

Boxing Day is a holiday that is celebrated on December 26th in several countries, including Canada, the United Kingdom, Australia, and New Zealand. It is a public holiday that traditionally follows Christmas Day and is often a day off work for many people. The origins of the holiday are not definitively known, but it may have originated as a day for servants and tradespeople to receive gifts from their employers or as a way for the wealthy to give back to the less fortunate. In modern times, Boxing Day is often celebrated with activities such as shopping, sports events, and visiting with friends and family.

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What Makes a Blockchain Suitable for Business?

Instead of having a blockchain that relies on the exchange of cryptocurrencies with anonymous users on a public network (as is the case with bitcoin ), a blockchain for business is a private, permissioned network with known identities and without the need for cryptocurrencies . To further understand how a blockchain for business works, and to appreciate its potential for revolutionizing business networks, you need to understand the four key concepts of blockchain for business These four concepts are explained in this section. Shared ledger they’ve been used in double-entry bookkeeping since the 13th century. What is new is the concept of a shared, distributed ledger — an immutable record of all transactions on the network, a record that all network participants can access. With a shared ledger, transactions are recorded only once, eliminating the duplication of effort that’s typical of traditional business networks Permissions Blockchains can be permissioned or permissionles...

What Makes a Blockchain Suitable for Business?

Instead of having a blockchain that relies on the exchange of cryptocurrencies with anonymous users on a public network (as is the case with bitcoin ), a blockchain for business is a private, permissioned network with known identities and without the need for cryptocurrencies . To further understand how a blockchain for business works, and to appreciate its potential for revolutionizing business networks, you need to understand the four key concepts of blockchain for business These four concepts are explained in this section. Shared ledger they’ve been used i n double-entry bookkeeping since the 13th century. What is new is the concept of a shared, distributed ledger — an immutable record of all transactions on the network, a record that all network participants can access. With a shared ledger, transactions are recorded only once, eliminating the duplication of effort that’s typical of traditio...

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