Alexander Chesalov – The fourth industrial revolution glossarium: over 1500 of the hottest terms you will use to create the future. Textbook (страница 8)

Big Data is a term for sets of digital data whose large size, rate of increase or complexity requires significant computing power for processing and special software tools for analysis and presentation in the form of human-perceptible results. Also, Big Data refers to the collection, storage, sharing, searching, analyzing and presenting of enormous, unorganized and continuously growing masses of data with the help of statistics and information technology. As the Internet of Things and the Industrial Internet continue to spread, there is believed to be a growing demand for Big Data -related expertise. Big Data is a large amount of information about an organization (both structured and unstructured) that cannot be analyzed using traditional computing methods. Big Data in health refers to large routinely or automatically collected datasets which are electronically captured and stored. The data is reusable in the sense that it is multipurpose data. It involves the fusion and connection of existing databases for the purpose of improving health and health system performance. It does not refer to data collected for a specific study. Also, Big Data is data sets that are too large to be handled manually. Big Data must be analyzed by a computer, revealing patterns, associations between groups, or overall trends. Big Data also comes into systems in increasingly greater complexity, variety, volume, and velocity – and exponential increase over time125,126,127,128.

Binance Coin (BNB) is a utility cryptocurrency that operates as a payment method for the fees associated with trading on the Binance Exchange. It is the third-largest cryptocurrency by market capitalization.10 Those who use the token as a means of payment for the exchange can trade at a discount. Binance Coin’s blockchain is also the platform on which Binance’s decentralized exchange operates. The Binance Exchange was founded by Changpeng Zhao and is one of the most widely used exchanges in the world based on trading volumes129.

Binance USD (BUSD) was created by the cryptocurrency exchange Binance as a stablecoin pegged to the U.S. dollar. The stablecoin was approved by the New York State Department of Financial Services; thus, it is also regulated130.

Binary choice regression model is a regression model in which the dependent variable is dichotomous or binary. Dependent variable can take only two values and mean, for example, belonging to a particular group.

Binary format is any file format in which information is encoded in some format other than a standard character-encoding scheme. A file written in binary format contains information that is not displayable as characters. Software capable of understanding the particular binary format method of encoding information must be used to interpret the information in a binary-formatted file. Binary formats are often used to store more information in less space than possible in a character format file. They can also be searched and analyzed more quickly by appropriate software. A file written in binary format could store the number «7» as a binary number (instead of as a character) in as little as 3 bits (i.e., 111), but would more typically use 4 bits (i.e., 0111). Binary formats are not normally portable, however. Software program files are written in binary format. Examples of numeric data files distributed in binary format include the IBM-binary versions of the Center for Research in Security Prices files and the U.S. Department of Commerce’s National Trade Data Bank on CD-ROM. The International Monetary Fund distributes International Financial Statistics in a mixed-character format and binary (packed-decimal) format. SAS and SPSS store their system files in binary format131.

Binary number is a number written using binary notation which only uses zeros and ones. Example: Decimal number 7 in binary notation is: 111132.

Binary tree – a tree data structure in which each node has at most two children, which are referred to as the left child and the right child. A recursive definition using just set theory notions is that a (non-empty) binary tree is a tuple (L, S, R), where L and Rare binary trees or the empty set and S is a singleton set. Some authors allow the binary tree to be the empty set as well133.

Bioconservatism (a portmanteau of biology and conservatism) is a stance of hesitancy and skepticism regarding radical technological advances, especially those that seek to modify or enhance the human condition. Bioconservatism is characterized by a belief that technological trends in today’s society risk compromising human dignity, and by opposition to movements and technologies including transhumanism, human genetic modification, «strong» artificial intelligence, and the technological singularity. Many bioconservatives also oppose the use of technologies such as life extension and preimplantation genetic screening134,135.

Biomedical informatics is the branch of health informatics that uses data to help clinicians, researchers and scientists improve human health and provide healthcare136.

Biometrics is a system of recognizing people, by one or more physical or behavioral traits. In information technology, biometric data is used as a form of access ID management and access control137.

Bio-Techno-System is a hybrid systems between biological systems and technical systems, by means of computer (science)138.

Bit is the smallest unit of information that a computer can work with. Each bit is either a «1» or a «0». Often computers work with groups of bits rather than one bit at a time; the smallest group of bits a computer usually works with is a byte, which is 8 bits139.

Bitcoin is a cryptocurrency, a virtual currency designed to act as money and a form of payment outside the control of any one person, group, or entity, and thus removing the need for third-party involvement in financial transactions. It is rewarded to blockchain miners for the work done to verify transactions and can be purchased on several exchanges140.

Bitcoin mining is the process of creating new bitcoin by solving puzzles. It consists of computing systems equipped with specialized chips competing to solve mathematical puzzles. The first bitcoin miner (as these systems are called) to solve the puzzle is rewarded with bitcoin. The mining process also confirms transactions on the cryptocurrency’s network and makes them trustworthy141.

Blockchain is algorithms and protocols for decentralized storage and processing of transactions structured as a sequence of linked blocks without the possibility of their subsequent change. Also, Blockchain is used for cryptocurrency by using individual nodes that run a system for cryptocurrency exchanges. Exchanges of cryptocurrency are validated by miners. Miners validity is checked by other nodes for correctness. The use of blockchain technology reduces transaction times and fraud. Companies, such as Tesla, take cryptocurrency as a form of payment but do not accept all. In 2021, Tesla began accepting Bitcoin (BCH) then several months later stopped accepting due to environmental issues with mining of bitcoin. Tesla stopped accepting Bitcoin due to the environmental implications created by mining cryptocurrency. Cryptocurrency mining takes a substantial amount of electricity, generating a significant carbon footprint. Wit Bitcoin, there are several different types of crypto currencies including Ethereum (ETH), Litecoin (LTC), Cardano (ADA), Polkadot (DOT), Stellar (XLM), Dogecoin (DOGE), Biance Coin (BNB), Tether (USDT), Monero (XMR), with many more and a continuing amount of new currencies142.

Blockchain Technology refers to the way in which operators that don’t know each other can produce and maintain decentralized databases. The technology allows for the members of the chain trust each other even though they don’t know one another. The best-known blockchain technology application is the virtual currency Bitcoin143,144.

Blocking of personal data – temporary cessation of processing of personal data (except for cases where processing is necessary to clarify personal data).

Blog (a truncation of «weblog») is a discussion or informational website published on the World Wide Web consisting of discrete, often informal diary-style text entries (posts). Posts are typically displayed in reverse chronological order, so that the most recent post appears first, at the top of the web page145.

Blogger is someone who writes regularly for an online journal or website. A political blogger might provide weekly commentary on current events146.

Blogosphere is the social universe created by online individuals using web log publishing platforms. Simply put, the blogosphere is a slang term for all the blogs on the internet. The blogosphere is often compared to grassroots journalism in that each member is able to post on any topic that catches their personal interest. The blogosphere is a powerful social network in that many popular bloggers have an audience measured in thousands and, in some cases, millions. However, the blogosphere is also very diverse, so the it does not represent a unified social unit – even though some of the social sub-groups within the blogosphere are. Post-based messaging services like Twitter are often considered part of the blogosphere despite the shorter length of the posts147.