How Blockchain Can Help Banks In The KYC Process?
KYC or “Know Your Customer” procedures are used by banks and other financial institutions to obtain information about the identity and address of the customers. The KYC process helps to ensure that the banks are not misused by the account holders for illicit activities like money laundering. But the current procedures used for verifying customers…
NASA To Use Hyperledger Blockchain For Air Traffic Management
In 2017, the National Aeronautics & Space Administration awarded a $330,000 grant that supported the development of an autonomous, blockchain-based spacecraft system and making its first move toward blockchain adoption. Called the Resilient Networking and Computing Paradigm (RNCP), the new system relies on blockchain and requires no human intervention. Continuing its foray into the world…
How Can Blockchain Transform Higher Education?
Despite scepticism surrounding cryptocurrencies, the technology behind it, Blockchain is garnering the attention of the world. The impact is so massive that almost all the industries around the globe. The Blockchain is one of the most impactful technological development in the last decade. We have seen many nations and big names in the industries focusing…
Why HR Teams Need Blockchain Technology?
HR or human resources are the people who make up the workforce of an organization, or in a larger sense, the economy. With the current work climate, managing human resources efficiently is one of the biggest challenges of running a successful organization. Employees often switch from one company to the next in one or two…
Why Blockchain Is Useful To Lawyers?
Human beings had tried to create lasting systems for maintaining law and order since at least the 18th century BC when the Code of Hammurabi was developed. Over the next 4000 years, as different civilizations have undergone massive organizational changes, so too have their codes of a law changed. In our own time, the advent…
Blockchain Brings Social Benefits To Emerging Economies
Developing nations like India have taken up the challenge to adapt to the new inventions that will help them stand equal to other nations of the world. One of this is the adoption of Blockchain technology. The reason why developing companies are focussing so much on Blockchain is that this technology paves the way for…
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…
ConsenSys And AMD Develop Blockchain-Based Cloud Infrastructure
2018 saw the blockchain space focus on developing the core applications of the technology along with strengthening partnerships with blue-chip companies. As the price movement swung in the opposite direction, legitimate projects in the crypto space worked on making their products more secure, reliable and faster. ConsenSys is a leading blockchain company and is one…
5 Predictions for Blockchain and Cryptocurrencies In 2019
The sentiments around Blockchain seems to be gripping the world strongly, especially the startups and some of the big names in the industry have show inclination towards this technology. Well, the revolution of digital currency that started off in 2009 continues to grow and take the world in its grip. We have seen many transformations…
Samsung To Integrate Crypto and Blockchain Technology Into Their Devices
The last two years have seen a lot of interest in blockchain technology worldwide. From businesses trying to streamline their operations to investors trying to jump on the blockchain bandwagon, blockchain has definitely earned a standing on the world stage. Big tech firms like Apple, Facebook, and Samsung, are also not far behind when it…
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