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Showing posts from June, 2021

What is blockchain?

  Blockchain seems complicated, and it definitely can be, but its core concept is really quite simple. A blockchain is a type of database. To be able to understand blockchain, it helps to first understand what a database actually is. A database is a collection of information that is stored electronically on a computer system. Information, or data, in databases is typically structured in table format to allow for easier searching and filtering for specific information. What is the difference between someone using a spreadsheet to store information rather than a database?   A table row is defined as a set of data, or facts, such as a name, phone number, addresses, email addresses, or anything else, organized into a single row or set of rows in a database. A set of rows, or data blocks, in a database is called a database unit or database. Tables or blocks of data are organized into a database using the principle of rows and columns. Typically, a database contains a variety of...

What is entrepreneurship?

  Entrepreneurship is the creation or extraction of value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones. What is an Entrepreneur? While in some cases an entrepreneur is a person with an innovative idea and the skills to turn that idea into a profitable business, there are other ways to be an entrepreneur. Steve Jobs For example, Steve Jobs created Apple computers and he marketed them himself to generate revenue. Many of his products were eventually taken over by other companies. After Apple's success he went on to work for Pixar before joining Pixar. Entrepreneurship is More Than Entrepreneurship Contrary to the more common definition of an entrepreneur, it's not just about an entrepreneur who takes the risk and creates a successful business, but an entrepreneurial mindset is a mindset, a way of thinking and doing things th...