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About Blockchain Technology Can Secure Digital Asset

Blockchain technology is a decentralised, distributed ledger that helps in maintaining the record of all the digital asset or transaction. Its design is inherent and cannot be modified that makes it appropriate for industries such as cybersecurity, healthcare and mainly the payment or financial sector.

In other words, blockchain technology is just like a database where it keeps the record of all the transactions that took place in a system. Blockchain differs from the typical database in the way it stores information. It refers to a specific type of database that uses a decentralised method to record transactions.

Blockchain stores data in chained blocks. This chain is created in chronological order as after one block is filled with data it is chained onto the previous one. In this article, we will try to cover some aspects of blockchain technology and the information that you should know about it.

What do you mean by Blockchain?
Blockchain technology is a decentralised database, which records data in blocks that are chained together.

When we talk about a database, then you should know that it is a collection of data, which is recorded systematically on a computer system. Data in databases is usually structured in table format to enable better search and filtration for a specific piece of data.

Many businesses need to keep all the transactions and information safely. So, this information is usually handled by a house team or passed by third party holders like bankers, lawyers and brokers.

These mediators increase the time cost or both for the business. However, blockchain technology eliminates this long process and makes transactions faster and less time-consuming.

The decentralised blockchains are fixed which means you cannot change the data you have entered into it. In the case of Bitcoins, the transactions are recorded permanently and anyone can view them.

What makes Blockchain technology more popular?
Various reasons make Blockchain technology more popular. Some of the reasons behind the popularity of blockchain technology are the rising requirements and increasing popularity of bitcoins. You must have heard about bitcoins that are a kind of digital currency, which is best on blockchain technology. Though, blockchain technology can be utilized all over different platforms and industries. Some reasons for this popularity are:

Increased security
Blockchain uses a digital signature feature to initiate transactions, which can avoid frauds, which makes it impossible to alter or change the information of a person by other users without completing the specified digital signature.

Decentralised system
In earlier methods, a person should get approval from authorities like banks to proceed with a transaction. However, by utilising blockchain technology you can initiate a transaction with the mutual consensus of individuals, which further leads to a faster, better, and safer transaction.

The capability of automation
Blockchain technology is a programmable technology and assists in creating systematic events, actions and transactions. These transactions can be only processed after completing the needed criteria to do a payment.

What consist of Blockchain?
Blockchain technology, generally include three important components that are blocks, mining and nodes. We are elaborating these concepts under this head.

Blocks
A block is a place where data is recorded, each chain contains various blocks that are chained together. In a block, there is nonce which is a 32-bit whole number created at the time of block-creation. It also creates a block header hash.

When the first block of a chain is created, a nonce extracts the cryptographic hash. The data in the block is signed and tied to the nonce and hash until it gets mined.

Mining
The process of feeding details about transaction to the public or private Ledger is called mining. The person who adds these details is called a miner. This term is generally related to bitcoin but it is also referred to as other blockchain technologies. Undermining, the hash of a blog transaction is generated that is tough to modify and makes a safer blockchain system.

Nodes
The most important aspect of blockchain technology is decentralisation. The chain in blockchain technology is distributed by nodes, which are connected to the chains. Node is an electronic device, which has copies of blockchain and assists the network to function properly.

This node has its copy of the blockchain and the networks are algorithmically approved by the mined block for the chain to be upgraded, trusted and verified. Due to the transparency offered by blockchain, each transaction is recorded, checked and viewed.

To conclude
The concept of blockchain technology refers to the list of blocks that have been used in cryptocurrencies. It has gained traction with the rising popularity of digital currencies like Bitcoins. It records all the transactions in blocks for a safer and faster payment process.

The market of blockchain technology is surging owing to the aspects like increasing popularity of cryptocurrencies. Though, the stringent rules & regulation by government authorities are restricting the growth of the market over the forecast years.

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Finding the Best Policy Management Software for Your Company

Changing market dynamics has forced businesses to form the right policy which could be implemented flawlessly and also adhered to. Without a strong policy, a company would find it difficult to adapt to new situations or may find itself entangled in legal hassles and cost overruns. A good policy should be able to govern business as well as operational aspects such as the use of company assets, employee behavior or data protection. Traditionally policy management is done manually but it has its own sets of problems like to ensure employee access and most importantly the implementation of the updated version.

Good policy management softwareaddresses such pain points and helps to create, review, approve and store policies. It also enables the proper implementation of the policy by sharing the policy with relevant employees or stakeholders.

One needs modern policy management software to resolve several issues. Traditional ways of policy management have their own set of challenges as mentioned below.

Not precise- Traditional ways of policy management lead to confusion and don’t give precise information as everything is done manually.
Poor attention span- As the policy is more about legal representation than it is for employee engagement it has a low attention span, thereby leading to poor implementation. It often has too many jargons which are difficult to understand.
Lack of engagement- Traditional policy management is not engaging enough for employees which leads to guesswork and poor understanding of policy.
Tracking and implementation- It’s difficult to track and implement policy as company management has to generally depend on supervisor’s feedback which is generally unquantifiable.
Due to the above-mentioned lacunas of managing a policy traditionally, modern policy management software becomes critical as it ensures proper policy formation, implementation, and monitoring. Simply put a management software is a web or cloud-based application that allows a user to organize, circulate, edit and implement policy documents efficiently.

Below mentioned are some of the key features one should consider while choosing a policy management software.

1. Policy creation- Good policy management software should have functionalities that allow you to write, edit and approve policies from within the tool. It should also ensure that right set of people have access to documents and the workflow.2. Search options- It should have features to search a keyword and provide all matching results. It should be able to search policies by title, author, and metadata or within a particular folder or Drive.

3. Consistent workflows – It should offer templates and consistent workflows to help you design accurate policies that could be reviewed, edited and approved easily.4. Version control – It should also have robust version control to avoid duplicity and outdated policies.

5. Access controls – Software should also have features to provide appropriate access to the right people and should have controls as to who can view, review or edit policies.

6. Time-saving – A good software should be able to centralize all policy databases and should be able to quickly access information whenever needed thereby resulting in saving time.

7. Reporting – Software should also be able to provide a centralized view of policies and updates through reports and dashboards to all relevant stakeholders.8. Acknowledgment – Good policy software should have features for employees to digitally sign and agree to a particular set of terms. It should also be able to track policy distribution and its compliance.

9.Integration – The software should be able to easily integrate with other software such as SharePoint, office 365, etc. Integration with tools like Microsoft Outlook can help in the sharing and implementation of policy documents.

10. Affordable- Choose policy management software that fits into your budget while fulfilling your business needs. Most of the software’s today are cloud-based and also have excellent support mechanism.

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Thermal Mass Flow Meter- Technology Advancement

Thermal mass flow measurement technology is gaining respect in gas mass flow rate measurement in various applications ranging from very low flow rates to ultra-high flow rates accurately with the best turndown ratio, its versatility, ruggedness, no pressure drop, easy installation against some of the conventional technologies such as Orifice, Aerofoil, Pitot-tube, Turbine & Vortex, etc.

Thermal mass flow measurement is realized in different ways and flowmeter types for satisfying different industrial needs such as Laboratory style (with By-pass principle) for analytical & research purpose for, Inline Industrial style for intermediate pipe sizes from 15mm to 150mm generally & Insertion style for larger pipe sizes, etc.

Due to continuous development, thermal mass flow technology is evolving removing some of the challenges. Mainly there are two design working principles:

Constant Temperature Anemometry
Constant Power Anemometry

The constant-temperature sensor design maintains a constant temperature differential between a heated sensor and a reference sensor; the amount of power required to maintain the differential is measured as an indication of the mass flow rate. Constant-temperature thermal mass flowmeter currently popular with features as below:

Active
High-frequency response
The low electronic noise level
Immunity from sensor burnout when airflow suddenly drops
High rangeability
Compatible with various RTD Pt-100 sensors, such as hot thin film, wire wound, etc.
Applicability to gas flows

Whereas the constant power sensor design maintains constant power between two temperature sensors which will provide a flow rate proportional to the temperature of the gas flows. This design is less popular and very limited usage due to technical limitations as below:

Passive, No feedback mechanism for any correction
No zero flow stability
Slow temperature & velocity response
Limited temperature compensation

LEOMI aiming Optimizing Life of industrial process, equipment & machine has identified this promising technology benefits and developed product solutions with more than 20 years of experience. Leomi utilizes Constant Temperature Anemometry combined with digital precise over-temperature control for producing Insertion thermal mass flow meter with German technology engineered in India.

Today’s process industries demand measurement technologies with fairly priced & which will help in optimizing process efficiency for reducing environmental emissions. To meet such demand, the LEOMI team is focusing on the research and development of thermal mass flow sensor technology and its solutions concerning application expectations against other technologies. In pursuit of this LEOMI has developed customized Insertion Thermal Mass Sensor for mass flow rate measurement:

HALAR® (ECTFE) coated for corrosive gases up to 100°C (max)
PFA Coated for Hot flue gas & corrosive process gases up to 200°C (max)

considering corrosive process gases stack emission. Many chemical industries have to follow emission norm with has many challenges in measurement such as material compatibility & cost of ownership. This innovative sensor probe works much better where conventional flow technology is impractical.

LEOMI’s other mass flow sensor advancement is considering a hot application with corrosive fumes, unknown waste-gas and gas traces in large duct with low-pressure gas mass flow measurement

Above advancements by Leomi is an alternative to costlier Hastelloy C276 Insertion thermal mass flow sensor made or other special metal grades if any.

LEOMI’s technical team is continuously working on research of other alternatives for various gas mass flow measurement solutions keeping in mind different industries’ process conditions.

Request to kindly do write us your application and challenges to us which enable us to guide in the development of suitable sensor if not in the existing product range.

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