A blockchain-stored piece of business logic is all that a smart contract is. The stakeholders who make up the eco system agree on the business logic. The data are saved in Blockchain and retrieved based on the established conditions. A certain blockchain write/read event triggers an immutable execution of a smart contract's code. Since most… Continue reading Smart Contract Audit
Blockchain requires extensive backend knowledge because it is a distributed ledger system. It requires dedicated efforts to keep the remote nodes operational and in sync by managing the underlying server, a network of systems. Because of the volume of processes and integrations, the deployment is difficult and complex. BaaS as a solution Blockchain as a Service (BaaS) enables companies to utilise cloud-based… Continue reading Blockchain as a service (BAAS) Simplified
Banking automation software is increasingly popular in the modern world. This software can help banks to reduce costs, increase efficiency, and improve security. However, it also comes with some drawbacks such as expensive implementation and job losses. Banking automation software is becoming increasingly important for modern financial institutions to remain competitive and provide their customers… Continue reading More Pros than Cons? A Banking Automation Software comparison
Blockchain technology has revolutionized the way we store, transfer and verify digital information. It has the potential to transform a variety of industries by providing secure and transparent methods for record-keeping and data sharing. In this blog post, we will explore the properties of blockchain that make it a groundbreaking technology. This blog post shall… Continue reading Decoding the Technicalities: Understanding the inner workings of blockchain
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
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
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.
SimplyFI Blog 