30+ Defi Protocols Unite to Promote Permissionless Web3 Experiences
2022 has witnessed fallouts of several crypto ecosystems, and there has been significant damage to investors’ money. More than 30 decentralized finance protocols have united as a proactive damage control measure and an initiative to rebuild trust among investors. Several players from the decentralized finance ecosystems have showcased the incentive behind interoperable, trustless, and permissionless…
How To Become A Sought After Blockchain And Finance Professional?
As quoted in the management magazine Harvard Business Review, “The Blockchain Will Do to the Financial System What the Internet Did to Media.” Each day, an increasing number of industries are recognizing the sheer benefits and utility involved in incorporating blockchain technology into their business processes. Some of these industries are healthcare, manufacturing, education, entertainment,…
How does blockchain disrupt finance and data science?
Introduction Blockchain is one of the top emerging technologies which has revolutionized several industries and is radically transforming how businesses and organizations function. Simply put, blockchain is a decentralized ledger which enables trust, security, and transparency of data. Economic transactions are recorded in such a way that they cannot be manipulated. Developers and tech…
Russian Retailer Dixy Uses Ethereum To Streamline Trade Finance
The fourth largest retailer player in the country is a crucial participant in the brand new Ethereum-based blockchain trade finance platform, which has been launched in Russia. After a six-month pilot phase, Factorin, the Russian blockchain startup, has announced the launch of its system into production with DIXY. DIXY is a supermarket chain which made…
How Blockchain Will Impact The Auditing World?
Has the idea of Blockchain influenced the finance and auditing ever affected you? Did you know that even the auditing division can get immense benefit out of Blockchain? This distributed ledger technology which has the potential to influence all the industries including finance and auditing. If we talk about this division of the company, then…
Chilean Treasury Introduces Blockchain Platform For Public Payments
The South American country of Chile has emerged as one of the pioneers of the global blockchain movement in recent months owing to its swift execution related to blockchain based projects. In April 2018, the Chilean National Energy Commission launched a blockchain based platform to track energy data in the country. Now, the General Treasury…
Can Blockchain Cut Foreign Exchange Transaction Time?
Ever since 2009 when Bitcoin surfaced as an alternative to fiat currency, the era of digital financial revolution swirled. With the rise of Bitcoin, we also got to know about Blockchain, a platform that aids the exchange of money in the virtual world. Blockchain allows easy and quick exchange of money. This is a digital…
What is the Scope of Blockchain in Finance w.r.t Downfall of Cryptos?
Cryptocurrencies have had an eventful week with the anticipation of the Bitcoin Cash chain split plunging the market into new lows for 2018. The sudden fall in cryptocurrencies has led several people to question the future of blockchain technology in the world of finance. The biggest ICOs from 2017-18 are still developing their products and…
Blockchain – A Healing to Financial Crisis
So here we are sitting in 2018, it’s been ten years when we first got to know about Blockchain. The technology came into the picture with the surge of Bitcoin in 2008. Blockchain or Distributed Ledger Technology as we all know is the underlying technology of Bitcoin or other cryptocurrencies. This is a decentralized technology…
The Impact of Blockchain Goes Beyond Financial Services
Bitcoin and other cryptocurrencies that are based on the Blockchain Technology have great potential to disrupt the current financial services industry. From lowering costs of transfers to reducing confirmation times for cross-border payments, the benefits of Blockchain for financial services are immense. Smart contracts, which will enable self-executing instructions built into cryptocurrencies, will no doubt…
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