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Blockchain

Blockchain

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...

How Blockchain is Changing the Face of Education: Top 3 Ways

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By Mr. Vikram Kumar, Co-Founder & Managing Director, SRV Media Pvt. Ltd The education sector is one of the most important human capital investments that a country can tap into for its socio-economic development. It is expected to gain more prominence in the coming decades. It is estimated that: Global education and training expenditure will become a $10 trillion market by 2030. The sector will witness more than one billion secondary and post-secondary graduates. Each year, the sector will need 1.5 million teachers on an average. As far as India is concerned, it is one of the largest education sectors in the world and is expected to emerge as a single largest global talent provider in the next decade. This kind of exponential growth calls for comprehensive adoption of technology to achi...

What’s all the Cryptocurrency buzz? What it does and create one?

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Today, the word we hear the most among various business entities currently, is “Cryptocurrencies”. Cryptocurrencies are revolutionising almost every industry and is said to be the future currency. For a beginner, understanding cryptocurrencies might be a bit of a head scratcher, but it is not rocket science either! Let’s take a quick look at what are cryptocurrencies and what they do!  What are cryptocurrencies?  Cryptocurrencies are nothing, but digital currencies that act as a medium of exchange for other digital currencies and assets. Cryptocurrencies are backed by blockchain technology that helps control, secure and verify transactions with a chain of blocks coded with cryptography. Ever since the advent of the first cryptocurrency bitcoin, in the year 2009, cryptocurrencies have gaine...

Can Crypto currency uphold the integrity of Indian Economy ?

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A historic judgement passed on Wednesday, 4th March, 2020, as India’s Supreme Court lifted ban on the trading of Crypto Currency in India. RBI banned the use of Crypto currencies in 2018, and this order from the Apex Court brings joy to the traders of Crypto Currency.The Crypto  industry is estimated to have a market capitalization of approximately about $430 billion globally and after the upliftment of this ban, it is estimated that India would contribute somewhere around 2-9% based on the estimates to the crypto world. Let’s see whether this is a good news or for the investment ecosystem. What is Crypto Cryptocurrency? Crypto Currency is nothing but virtual currencies which uses nodes, hash’s, and cryptographic-ally codes to make financial transactions. It is not controlled by any ...

Top Promising Blockchain Use Cases

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In the upcoming fiscal years, Blockchain is going to be a big demand. That is the reason the demand for learning Blockchain technology has increased among freshers and tech enthusiasts. To become a blockchain developer students are preferring Blockchain certification courses these days. There are various use cases in Blockchain which proves why learning blockchain is a must. Here is a few blockchain used case which is used for enterprises and governments: Banking and Finance Digital Identity Energy and Sustainability Government and the Public Sector Healthcare and the Life Sciences International Trade and Commodities Law Media and Entertainment Real Estate Sports and Esports Supply Chain Few Potential Blockchain use cases are as follows, Proof of Existence : Demonstrating data ownership wi...

Blockchain: A Technology Fad That’s Fading Away!

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Despite the hype around Blockchain in the past few years, a 2018 Gartner survey indicates Blockchain adoption rates are still as low as 1%. Within that 1%, the doubt is how operationally effective and efficient it is. This blog also explores the inherent risks with Blockchain and therefore why Blockchain may not be the magic cure as it is made out to be!  Blockchain is surely a fantastic technology as it has already been proven by cryptocurrency like Bitcoin. Cryptocurrency has been a trend since the Bitcoin prices soared suddenly in 2017, to reach an all-time high of $19,783 the same year.1 Ever since, Blockchain, which is the underlying technology of crypto has been the talk of the town. Various large global financial institutions were quick to analyze and explore various possibilities o...

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