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Blockchain

Blockchain

How Corona Has Impacted Blockchain Payments?

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Cryptocurrencies such as bitcoin are slowly making a transition from speculative investment instruments to payments. Special attention to payment habits and the financial life cycle as the COVID-19 pandemic leads to more calls for dematerialization of payments. Overview Impacts Geographic location matters significantly when measuring awareness of cryptocurrencies and interest in making cryptocurrency payments for goods and services. For customers, any transition from currency speculators to retail shoppers is not straightforward. And most consumers are not currency speculators. The acceptance cost for businesses will be significant, especially compared to alternative existing payment options. Companies accepting cryptocurrencies as payment for goods and services may benefit from short...

Top Considerations while Implementing Blockchain

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If you are seeing technology making a difference in the startup ecosystem, you might have seen a lot of hype around Blockchain. Innovative characteristics of Blockchain- decentralization, immutability, transparency, and automation- can be applied to various industry verticals, thereby creating a multitude of use cases. Blockchain technology is still in its nascent phase and, while cryptocurrency platforms like Bitcoin and Ethereum have been in use since long, its adoption into the mainstream software industry has been limited. Having worked on Blockchain implementation for startups from various domains, I have tried to list down the top seven considerations while implementing a Blockchain in a product. On-Chain or Off-Chain One of the key architectural decisions while working on Blockchain...

Does your Startup Really need Blockchain?

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‘To Blockchain or not to Blockchain’ – this is one big question that has been on the minds of startup founders in recent times. From supply chain monitoring to equity management and cross-border payments, Blockchain has been making its way into multiple areas. Startups, to meet their growth goals, are jumping onto the Blockchain bandwagon to generate buzz, convince investors, and raise new rounds of funding. Many startup founders approached us with a common question in the recent past- Is Blockchain the right fit for my startup? That triggered me to help them with a decision tree that will enable pragmatic decision-making in this direction. However, the number of startup founders reaching out to us with this dilemma kept increasing of late, which inspired me to write a detailed article on ...

Can Blockchain bring revolution in the economy ?

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  Just like the advent of the 21st century, the innovation consistently winds up streaming down to different divisions and over various ventures. Indeed, it has prompted the ascent new hybrid sectors like Fintech and Health-tech. Probably the greatest attribute of these industries is that they are driven by AI and innovation to give unparalleled client assistance. Keeping with the pattern, Block-chain is the following huge innovation trend that offers a great deal of potential to a wide scope of enterprises especially FIN-TECH. Yearly spending on block chain arrangements will reach about $16B by 2023, as indicated by CB Insights’ Market Sizing Tool. Block chain dives in which makes it more apt with what startups objectives are. It is estimated that 65% of new businesses today in...

How to Overcome the Difficulties While Creating Your Own Cryptocurrency? A Complete Guide for Crypto Startup

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In the crypto era, startups face plenty of unavoidable challenges. From creating a new cryptocurrency that individual and business holders can connect with to getting enough funding for their crypto project, it is easy for a crypto developer to get involved or affected where their energies should be guided. We have compiled a list of the challenges that you may face as a startup and the solutions that would work in your support. 1. A Massive Crowded Crypto Market: In the crypto market, there are more than thousands of crypto coins out there. Developers are coming up with new ideas by the day and the biggest challenge for a startup is creating a cryptocurrency that stands out from the rest. Of course, you might create a unique cryptocurrency, but how do you step into the market so you can g...

The 10 Most Successful Cryptocurrency Business Models Of Today

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There are tons of million crypto-based small businesses running around the world, and 6,43,000 more are started every month. So if you’ve got a cryptocurrency or blockchain business idea and you want to stand out from the crowd and succeed, you better have a unique value proposition, diverse revenue streams, and loads of creativity. To inspire you, we’ve rounded up 10 unique business models that have proven their model works. From healthcare to fintech, these companies are rethinking revenue and creating compelling value for parties on both sides of the transaction. The crypto business model is at the core of any successful startup because no matter how cool an idea is or how unique something may seem, a startup must have a new way of making money that is worthy enough for future investmen...

Is Blockchain Suited for GDPR?

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Do you see the cookie consent banners on every website that you visit? Do you get emails from a long list of third parties asking to collect your information? Have you ever wondered how the items on your Wishlist are not showing up on the advertisements anymore?  Well, that’s the power of GDPR. On May 25th, 2018, the General Data Protection Regulation (GDPR) was enforced by the European Union to secure the personal data of an individual and to control how any industry is using it. Personal Data as defined by GDPR is “Any information relating to an identified or identifiable natural person.” Blockchain and GDPR: Businesses are obliged to follow the GDPR principles; e.g. minimized data collection, limiting the purpose of use and deleting when data is no longer required. There is a total of 9...

Demystifying Tech for the TECHADE: Blockchain

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Blockchain market currently is in a nascent stage, limited by unstructured experimentations, low speed of executing multiple transactions, and massive decentralization of data creating a need for low-cost data storage and a change in end-user mindset. While Blockchain is still three to five years away from feasibility at scale, applications in data decentralization and smart contracts will drive rapid adoption. Gartner shares its Blockchain spectrum to help understand the 4 phases of Blockchain evolution and explore potential business opportunities. Source: Gartner Global State-of-the-Market for Blockchain As per IDC, the global Blockchain spend stood at USD 2.7 bn. in 2019 and is expected to reach USD 15.9 bn. by 2023. Significant implementation of the technology has been witnessed in ban...

Industrial Blockchain helps “Frenemies” Collaborate

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Blockchain is Proven Technology and Ready for Industrial Applications The underlying technology enabling Bitcoin, which has been around for about 10 years, is blockchain.  This technology is now being applied in the industrial spaces.  Industrial blockchain has three prime functions: Identify an asset Determine ownership Document the transfer of ownership Blockchain makes the data immutable and trustworthy with multiple layers of cryptology, and multiple copies of the database are distributed among participating members.  If someone tries to edit one database to add fake information, blockchain’s governance will identify it and purge it. With advanced cryptology, governance, and distributed copies of the database, the data cannot be changed.  If somebody enters false information, that data...

Increase Your Business Potential Using Blockchain Technology

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Increase Your Business Potential Using Blockchain Technology Often owning a dealership business does not pay you back the way you had hoped it would. For instance, there can be times where you have served a lot of clients but gained nothing more than a few bucks. This is often normal because of the human error, procedural delays and inefficiency due to lack of technology. But would you not like to eliminate these mistakes and boost your business with the help of digital transformation. You would be surprised to know that with the next-gen technology blockchain, this is quite true. What is blockchain? The blockchain technology records the transactions to a digital lender where it is not possible to change or alter them. They are linked with the help of cryptography. The information on the b...

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