Blockchains are often associated with just cryptocurrency. What most people don’t know is that there are several use cases for blockchains that use two different types of blockchain: public and private blockchains. Similarities of the two types of blockchain Several properties of blockchain are uniform across both types of blockchain: decentralized peer-to-peer nature of the… Continue reading Public and Private Blockchains
The digital world has seen constant evolution and development, especially rapidly over the last decade. Web3 looks into a more decentralized approach to the internet, where users have more control over their data and over a platform’s function. The evolution of the web Web1 was defined by open-source code, decentralized protocols and shared forums. Most… Continue reading The Transition from Web2.0 to Web3.0
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
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
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
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
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
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.
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.
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.