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Ever since its initial release, blockchain has proven to be worth adopting across many industries. It is a decentralized ledger technology that is not handled by a single person or community. Blockchain technology works by storing data records in the form of a chain of blocks without any middleman’s need. Since the records stored in blockchain are immutable, it becomes one of the most secure technologies the world has ever seen. This security is what the fintech sector has always been longing for. The fintech sector has been pioneering to reduce transaction costs. Blockchain is the perfect recipe for eliminating middleman transaction costs. That’s not just the only blockchain application in fintech; there are many more. We will be going through some primary blockchain applications in fintech. But before diving into the applications, let’s look at why the fintech industry needs blockchain. Is it just because of the security, or there’s something more to it? What are the Different ...

Introduction to blockchain Blockchain- The revolutionary technology impacting different industries miraculously was introduced in the markets with its very first modern application Bitcoin. Bitcoin is nothing but a form of digital currency (cryptocurrency) which can be used in the place of fiat money for trading. And the underlying technology behind the success of cryptocurrencies is termed Blockchain. In the simplest terms, Blockchain can be described as a data structure that holds transactional records and while ensuring security, transparency, and decentralization. You can also think of it as a chain of records stored in the forms of blocks which are controlled by no single authority. A blockchain is a distributed ledger that is completely open to any and everyone on the network. Once information is stored on a blockchain, it is extremely difficult to change or alter it. Each transaction on a blockchain is secured with a digital signature that proves its authenticity. Due to t...

Ripple is a popular name in the tech industry. And Ripple blockchain has created a lot of buzzes. We all know how blockchain is transforming the industry as we know it. But what is Ripple a blockchain technology? What is it, and how does it work? What is Ripple? Ripple is both a platform and a currency. Meaning, it is a technology that acts as both a cryptocurrency and a digital payment network for financial transactions. The Ripple platform is an open-source protocol that is designed to allow fast and cheap transactions. It’s a product of Ripple Labs and is gaining popularity because of its innovative method of performing currency exchange and payment settlements. The cryptocurrency of Ripple is XRP. And this platform has over a hundred organizations as its customers all over the globe. What is Ripple used for ·         Low commission currency exchange. There are many currencies that can’t be directly converted to each other. So, banks need ...

Blockchainis a relatively new technology and is the way digital information is stored and distributed technically. Blockchain in digital marketing provides transparency, security, and accessibility of monetary and data flows. It can improve digital marketing for the consumer, benefiting businesses not to spend humongous amounts of money on digital advertising campaigns. With this newly introduced technology, consumers can own and sell their data directly to advertisers and marketers. Data drives the market these days. Blockchain technology has the potential to return data control to data owners targeting digital advertising. It is forming a direct data exchange between consumers and brands. The surveillance for tracking user activity is of high quality, resulting in greater trust and consumer data usability. Let’s have a look at some prominent points on how Blockchain can prove out to be beneficial in digital marketing. Blockchain in digital marketing 1.      ...

In the wake of the Cambridge Analytica scandal around Facebook, many are calling for more strict data privacy measures at top tech companies. The problem is these companies depend on user data and attention as the product they sell to advertisers. Facebook isn’t likely to stop sharing user data anytime soon, since that user data is a huge part of their business model. That being the case, many of those arguing for the end of Facebook has cited blockchain as an alternative way of facilitating social media. While decentralization may certainly be part of the solution, blockchain alone won’t solve the data privacy issues inherent in social media. Giving users control over their data is a larger challenge that will involve blockchain, but blockchain alone can’t solve it. Data privacy and control is an important issue, and now is a great time for blockchain to shine as a potential player in the race to fix data privacy. However, blockchain alone won’t solve this challenge. It can secur...

Blockchain is changing marketing by removing businesses’ abilities to pull data from their customers without offering to compensate them for their value. It even has blockchain applications that can provide a variety of solutions for you to engage with more clients and improve your business. But what is blockchain? Blockchainis a technology that makes individuals and business owners make immediate transactions on a network without support from any agent in between two parties who would assist and deal with an agreement. These transactions cannot be changed or altered; the information they will be able to collect is also wholly secured as these records are linked using blockchain technology, or cryptology. Even though many businesses have already tried this method, it is essential to know that this is still being tested, and people are still figuring out how exactly they could use blockchain and how could they benefit from it. Just like how the internet has quickly changed for the ...

A cryptocurrency   is a digital form of money also known as a digital asset that acts as an intermediate exchange medium. This happens by utilizing cryptography in securing transactions and controls the congregation of the currency. No doubt the cryptocurrency craze has increased in recent past times, but undoubtedly the exchange of the currency is still considered inconsistent, risky, and unpredictable in the market. However, cryptocurrency offers a lucrative profitable reward which works most of the time but one fined it confusing and difficult to know about the information especially when it comes to doing the cryptocurrency exchange development. The unsafe character, on the one hand, discourages the investor but huge profit sharing and increasing value pump up more investors hence the whole cryptocurrency exchange system is based on confidence and capabilities. As this concept hits the world, Bitcoin was found to be the first decentralized digital currency. It has top-notch s...

Wondering whether blockchain technology will help augment your business enterprise? If so, which blockchain project to subscribe to, and why use Hyperledger? Is it because of the private nature of Hyperledger Fabric ideal for handling sensitive information? Linux has reached the peak of the hype surrounding blockchain technology with its blockchain project Hyperledger. The highly protective and private platform is used by several industries, especially mobile games which offer a Bonus of 20 euro upon registration. For any business that mandates transactions, blockchain is the most secure method that modern technology can offer against unauthorized modification of data. One of the main advantages of blockchain is that the data can only be appended to its structure, without changing any properties of the existing information. The static registry in the real estate business and banking sectors is greatly benefited through the employment of this technology. Since the data is recorded ...

Experts expect that shortly, in the coming years, the Blockchain-backed technology will evolve significantly. Anyhow, the plan doesn’t provide a clear roadmap like the working methodology of programming and software. Here, we cannot accurately highlight what happens at each phase. However, Blockchain-backed technology can be understood not just as a modern platform for business, but also as an essential tool that facilitates other business processes. Blockchain can improve productivity, business operations, also increase revenue. In traditional finance , lending mainly originates with banks. They collect deposits from savers, bundle them together and then, reserving some in case savers wish to withdraw, lend the deposited money out to borrowers. Crypto doesn’t (yet) have banks in the traditional sense, however. There is no regulated entity that has a license to take in crypto deposits and then lend them out. In fact, Bitcoin—to use one example—was created to obviate the need for ba...