Edge computing gives manufacturers flexible choices about how data is processed, eliminating time lags, reducing bandwidth usage, and choosing which data can be discarded immediately after processing, Xie says. “Manufacturers can quickly process data at the edge if sending data to the cloud is the bottleneck, and move specific data to the cloud if latency and bandwidth are not an issue.” Where to use the data Processing close together not only saves bandwidth and costs, but also makes the data more secure because it is processed immediately.
Blockchain technology is best known as the tech that underpins cryptocurrencies. Bitcoin, Ethereum, and all the other 4000 cryptocurrencies operate via blockchain, making it one of the most important recent innovations in finance.
Here are four ways blockchain is revolutionizing fintech.
- It creates a digital ledger
- It protects against fraud
- It removes third parties from transactions
- It democratizes money management