1213 articles published
DAO are the organizations running in the software in a fully democratic way. Before we jump into how exactly they work we need to quickly go through the tradition organization structure. An organization is the group of people working on a common interest. This is most of the time is to make money…
Let’s say you have got an idea to develop a new innovative gadget (a pen size printer, [imaginary gadget of course]) which will let anyone print the pages on the go at a very low cost. The idea sounds fantastic but you need initial capital to support the production as well as your ongoing…
Know your customer (KYC) is the process of a business, identifying and verifying the identity of its clients. The term is also used to refer to the bank regulation which governs these activities. AML & KYC are used interchangeably sometimes. Though they are completely different standards &…
If you are building some projects around bitcoin then you might have realized that you have to compile the bitcoin source code to create the bitcoind for your own machine. This is necessary because sometimes the pre-compiled binary do not work as expected and your whole project might become…
Since now you have learned Solidity, you might be wondering what’s next? [shortcode id=”1983″] You should go & try below options: Create your own cryptocurrency Create a fully functional & professional crowd sale application Create a custom app of your own use case Learn…
In this post, we will learn the Solidity language by going through two example. Then we will dig deeper into each & every aspect of Solidity & Blockchain-based development. As you can see in the above code, which is a simple smart contract written in Solidity for a new Coin. Here this Coin…
Summary Distributed Ledger Technology (DLT) is a method for recording transactions involving commodities across various locations simultaneously without central data storage. DLT includes public and private categories, depending on accessibility and permission requirements for altering ledgers.…
Blockchain is a way out of most of the economic and financial problems of the world. Still though in its nascent stages, it has begun to revolutionize the whole world. Some of the major corporations of the world have begun to scratch the surface of the technology. It is a contemporary living…
Smart Contracts are self-executing contracts. Contracts execute themselves and transactions happen automatically when both parties meet the conditions specified as part of a transaction. The executed contract then adds on to the blockchain as a transaction. Smart Contracts are indispensable to…
The key issues in document verification for banks and other businesses are in storage, retrieval and access to data. Hence came blockchain technology to solve these problems in storing and accessing of data. Blockchain technology provides a common shared platform from where to store, retrieve and…
Blockchain technology is still in its nascent stages. The BFSI (Banking, Financial Services, and Insurance) sector has begun exploring the technology’s potential. However, there still seems to be a long way to go for companies to put the technology to use. The reason is that regulations around the…
KYC is a cumbersome, time-consuming, arduous and expensive process in the banking sector, financial institutions, and other businesses. There are many challenges in KYC processes, which primarily involve huge costs, effort and time. Hence, with centralized databases, the process has become quite a…
