The financial sector has come to understand how revolutionary blockchain technology can be for increasing revenue, enhancing the end-user experience, streamlining the delivery process, increasing efficiency, and lowering business risk. Like any other sector in technology, fintech is ever developing. Every day, a number of new finance applications emerge that provide improved and innovative methods […]
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The Ethereum blockchain has undergone a major software upgrade, drastically reducing its energy usage, its inventor and co-founder tweeted on Thursday. The new system will use 99.95 percent less energy, according to the Ethereum Foundation. The upgrade, which changes how transactions occur and how ether tokens are created, could give Ethereum a major advantage as […]
Blockchain has already made its mark on the world. The cryptocurrency world has blockchain at its core, moving many industries forward and changing lives. This distributed ledger technology (DLT) might disrupt many carrier fields, but that doesn’t mean it won’t benefit many others. Blockchain is already finding its way to mainstream appeal, but when will […]
Iconic Welsh actor, director, and producer, Sir Anthony Hopkins, has launched an NFT collection inspired by roles played in movies throughout his career, as well as his own artwork in collaboration with NFT creative media business Orange Comet. The Anthony Hopkins NFT comes after releasing his movie Zero Contact as an NFT last year. “NFTs […]
Live blockchains are growing daily at an ever-growing pace. As of our present day, there are more than 10 000 active Blockchain-based cryptocurrencies. With such a presence, having the right knowledge base has never been more valuable as this decentralized technology becomes more and more embedded into global establishments. So, what are the pros and cons […]
International Finance Corp (IFC), a World Bank affiliate, told Reuters on Wednesday it is backing a blockchain-enabled platform to trade carbon offsets, aiming to attract more support from institutional investors for climate-friendly projects in emerging markets. It is a bet that using blockchain – a digital database with information that can be publicly shared within […]
Blockchain Revolutionizing Data Sharing In the era of big data and artificial intelligence, sharing data is inevitable and even a prerequisite for business innovations and scientific breakthroughs. Yet, concern over data privacy is growing by the day as we lack of secure data-sharing solutions. Meanwhile, decentralized data-sharing platforms, mainly Blockchain, are being leveraged to add […]
Aramco intends to use cutting-edge technologies to increase efficiency, safety, and sustainability, and its goal is to become the top digitalized energy firm in the world. The Saudi Aramco Blockchain investment intends to utilize the technology to reinvent and standardize business processes with the ultimate goal of boosting productivity and generating cost savings in several […]
Gains in actively traded assets that can be easily attained are what is driving the first wave of applications in banking and finance. These include improved data security, simplified customer verification required by Know Your Customer (KYC) and anti-money laundering (AML) standards, faster processing, and recordkeeping facilitation. Trading is supported by the common denominator of […]
One of the digital age’s most relentless discussions circulates around the connection of blockchain in trade finance. Blockchain has the power to reshape trade finance as it has the utmost capacity to decrease unnecessary frictions and inefficiencies taking over the trade finance value chain. This cryptographic ledger is a vital apparatus that would optimize any […]