ElevateX Blog:
Blockchain

Blockchain is already being used in numerous areas, such as data security, the IoT, and artificial intelligence. Blockchain also found its place in our ranking of the most important tech trends.

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Consensus Mechanisms

Consensus Mechanisms: Proof of Work vs Proof of Stake

Blockchains are one of the most important technologies of the future. However, since they do not have a central authority that controls the network, the participants decide through a so-called consensus mechanism. Through these mechanisms, the state of the blockchain can be verified. In this article, we focus on the two most important of them: the Proof of Work and the Proof of Stake.

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Different Types of Blockchain

The 4 Blockchain Types Explained

Several different types of blockchain exist, each of which has advantages and disadvantages. It is essential to know the different types of Blockchain in order to build the optimal network. Depending on the requirements of the Blockchain, one has to decide between public, private, consortium or hybrid network. We will explain what this means in our blog post.

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Blockchain Beginners Guide

Beginner’s Guide: A Simple Introduction to Blockchain

Hardly anyone has gotten around the topic of blockchain in recent months and years. No matter whether it is the Blockchain itself or related topics such as Bitcoin or Smart Contracts.

But what is blockchain actually?

In this article, we will give you a simple overview of the technology, how it works, what possible areas of applications are and what advantages and disadvantages the blockchain brings contains.

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Project Risks

Recognizing Project Risks with Effective Project Management

It’s no surprise that projects come with various types of risks. What truly matters is the ability to identify these project risks in a timely manner and manage them effectively. In this blog article, you’ll learn how to recognize potential risks in projects, the common risks that occur, and how to minimize them through risk-oriented

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Digitalization

Digitalization For Companies: Change Through Progress

The world is becoming more digital – and so is the economy and the companies that participate in it. For them, advances in digitization are synonymous with efficiency gains and new sales and marketing channels, but technological change also brings challenges. Overcoming these is a top priority for companies in order to position themselves for

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Business Process Automation

Business Process Automation: A Complete Guide (2023)

With increasing digitization, holistic changes are taking place in companies: This also includes the automation of business processes in order to create time freedoms and, in parallel, to reduce the potential for human error. Business Process Automation (BPA for short) subsequently provides companies with the opportunity to automate simple as well as complex workflows and

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