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In the field of technology Blockchain or DLT (Distributed Ledger Technology) is one of the major transformations that we have seen recently. Being one of the most universal and multifaceted technology. it has managed to garner the attention of many businesses around the world. In this blog, we will study the latest developments in blockchain in the financial sector. We are talking about Quorum. The most recent development which JP Morgan is bringing to the financial industry. one of the leading...
Loyalty programs have been popular with customer-facing businesses for several years. According to the 2015 Colloquy Loyalty Census, it was found that the average American family engages in 29 different loyalty programs. Redeeming and exchanging of these loyalty points however is a cumbersome and challenging activity for program partners. Better mechanisms than the ones offered by legacy systems are essential to make payback points easily redeemable and achieve high redemption...
A real estate crowdfunding platform can be used by property developers to showcase their project scope, potential, capital requirements, and profit shares to attract investors. Similarly, investors can identify profitable opportunities to make sound investments. The platform makes it faster and easier for both parties to fulfill each other’s requirements.   Oodles Technologies is the most trusted Blockchain development company in India with excellence in building...
It is true that Blockchain has proved to be a game-changing technology. Various banks and industries are looking at blockchain as a technology of the future. Adopting blockchain is not as easy as it seems to be. In this blog, I have mentioned a few problems you may come across while using Blockchain.   Problems Industries may face while working with Blockchain   High Setup Expenses   Expenses on updating blockchain frameworks are high which is a barrier to its broad level...
The blockchain is certainly one of the most sought-after technologies that we have today which owns immense potential to revolutionize every aspect of our day-to-day lives. The blockchain assets are decentralized and offer a high level of security, transparency, and flexibility. Blockchain creates an immutable record of data that is shared among a distributed network and is secured with the most advanced form of cryptography. The technology is highly flexible and can be used in every industry...
    IoT as a Profit Enabler for the Healthcare Industry Patient satisfaction, availability of physicians, and seamless operations are the three factors that increase the profitability of healthcare enterprises. Patient satisfaction is dependent on the availability and accessibility of medical amenities. Healthcare operations like medical record management, communication with pharmaceutical suppliers and physicians are necessary to provide patient-friendly...
The blockchain is such technology for firms that need trustless transactions and secure record keeping. It is gripping into our world slowly. Startups and some big companies have shown interest in them. In 2009, digital currency was introduced, it is slowly growing and taking the world in its grip. There have been many amendments in various sectors like supply chain, healthcare, financial sector and so on. Blockchain has a huge potential but still, it has faced the rage of...
Although EOS is maybe the “Ethereum Killer” as touted by many, in general, it is a blockchain platform for decentralized applications development. Given the EOS advantages over Ethereum, crypto enthusiasts are considering EOS.IO a suitable and efficient blockchain platform for DApp development. EOS provides blockchain developers with an easy solution for application hosting, executing smart contracts, and other operating systems like services. Whether it’s because of the...
Fraudulent claims pose the biggest challenge to insurers around the globe. As per a 2017 Mckinsey & Company report, five to ten percent of insurance claims are fraudulent. It costs non-health insurers in the U.S more than $40 billion a year. The report suggests that blockchain can provide cross-industry distributed ledger of external and customer data to identify and prevent frauds. Also, key industry players contend that blockchain can form new insurance marketplaces for areas that...
Can you mine two coins at a go? for example, synchronous Bitcoin and Ethereum mining or some different Altcoins. Hang on and we will discover it soon enough. Let’s have a quick introduction to Cryptocurrency Mining. In cryptocurrency mining, miners verify and add various transactions to the blockchain. In the past few years usage of cryptocurrency has increased tremendously. In the same manner, cryptocurrency mining has also drastically become popular. Cryptocurrency transactions are...
Introduction: Whenever the investors hear the term ‘Blockchain’, most probably they think of cryptocurrencies. Which are mainly digital currencies, operated independently from a central bank. Bitcoin is a most well-known cryptocurrency. Beyond this concept of cryptocurrency, there is much more to understand and invest in blockchain technology and the ecosystem which powers it. The global blockchain technology market has been forecast to grow to USD $2.3...
We are now very much familiar with blockchain and its working. In this blog, we are concentrating on the basic types of Blockchain. So we all know that Blockchain is a public ledger which is distributed and decentralized. Well coming to the types of Blockchain, there are basically three types of Blockchain: 1) Public Blockchain2) Private Blockchain3) Consortium or Federated Blockchain This blog will help you to understand the difference between types of Blockchain which are...
As we know there are three challenges in the blockchain. i.e Scalability Decentralization Security Right now, ethereum working is based on proof of work. The most advantage of PoW is more secure, more decentralized but it is the rising cost of energy it takes to maintain network security. The Bitcoin blockchain requires consequence power, greater than the power output of many nations, to remain secure and operate in-line with its mission. Ethereum founder Vitalik Buterin and...
Invented back in 2008, the blockchain technology has shown the change that it can bring in different business areas. The technology, even in its infancy, has interrupted different industries and sectors. Various features of Blockchain such as decentralization, immutability, and transparency create it appealing for business sectors and domains all across the world. This One such industry that is leading the way in exploring the potential of blockchain is the banking and finance...
Blockchain Based ICO Services Blockchain based ICO services (ICOs) are an innovative way for businesspeople to gather capital for their early-stage enterprises, for customers to acquire rights to underdevelopment products or services, and for investors to enter a new asset level. By leveraging blockchain based ICO services, an issuer utilizes the blockchain or DLT (distributed ledger technology) to develop a new crypto-currency. Then, he sells the new digit coins or tokens to support the...
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