We have seen how blockchain technology has created widespread impact in the financial sector. But, the distributed nature of its architecture makes it perfect for supply chain traceability and other applications. Public and Private Blockchains It is important to understand the difference between public and private blockchains to apply it to supply chain use cases.… Continue reading Blockchain for Supply Chain
Blockchain for the Development of Clean Power
There is a lot of discussion about the detrimental effects of cryptocurrency mining on the environment. Cryptocurrency mining is an energy intensive process, and miners are paid for their energy consumption with a concept called gas fees. Public blockchains like Ethereum and Bitcoin blockchains are built on cryptocurrency mining and a certain gas fee is… Continue reading Blockchain for the Development of Clean Power
Blockchain for Transparency in Governance
The benefits of blockchain in different industries have been a widely acknowledged topic and this extends to governments as well. As we know, blockchains provide a secure, distributed, immutable and transparent record of events that is unparalleled in any other database technology. This gives blockchain an edge in terms of implementation in an instrument such… Continue reading Blockchain for Transparency in Governance
Importance of NFTs in Metaverse
With all the buzz surrounding Metaverse and NFTs, it is important to understand how NFTs form building blocks of the Metaverse. To understand what NFTs mean to the metaverse, we must understand what NFTs are first. What are NFTs? NFTs or non-fungible tokens. Each token has its own properties and cannot be traded or exchanged… Continue reading Importance of NFTs in Metaverse
Artificial Intelligence in the FinTech World
FinTech is receiving the rewards of man-made reasoning as monetary innovation FinTech or Financial Technology is an innovation-empowered development in the monetary area. This can go from the monetary exchange the executives to misrepresentation busting. The combination between man-made consciousness and FinTech is immense. Further developed discernment and social re-enactment have guaranteed that computerized reasoning… Continue reading Artificial Intelligence in the FinTech World
Blockchain & Retail: Uses, Benefits, Importance & Solutions
The blockchain is a digital ledger of all cryptocurrency transactions. It is constantly growing as "completed" blocks are added to it with a new set of recordings. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Bitcoin nodes use the blockchain to differentiate legitimate Bitcoin transactions from attempts to… Continue reading Blockchain & Retail: Uses, Benefits, Importance & Solutions
Banking In Metaverse
Banks and other financial institutions are increasingly demanding the incorporation of cryptography into their business strategies due to the rapid spread and institutional adoption of digital currencies. Read more
Importance of Audit Trail in Healthcare Sector
An audit trail is a record of all the steps taken during a process, usually in chronological order. In healthcare, audit trails are important for quality control and to help prevent errors. Read more.
Video KYC & its Benefits
We know how important is the KYC and AML process for financial institutions. Banks can’t be careless with the KYC process because this holds some of the sensitive information. Read more.
What is Trade Finance?
Trade Finance in its simplest form can be presented as the financial transactions, involving both domestic and international trade, that takes place between a seller and a buyer which is also facilitated by intermediaries such as banks and financial institutions. Read more.
Benefits of Blockchain in Trade Finance
While blockchain is already being used by many industries ranging from manufacturing, healthcare to real estate, or government application, one of the main industries that can benefit from this technology is trade finance. In this article, we will learn about trade finance, inefficiencies within the trade finance industry, and how utilizing blockchain can benefit trade… Continue reading Benefits of Blockchain in Trade Finance
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