Blockchain Enhances Traceability Do you usually wonder where your product came from and how it was built, handled, and kept before reaching you? Every product whether it’s your morning coffee or a life-saving medicine—can be traced back to its origin using traceability with complete certainty. Today, an estimated 30% of global goods remain untraceable, leading […]
Can Blockchain Services Disrupt Global Finance? Blockchain services have the potential to disrupt global finance in radical new ways. Instead of substituting the already existing system, it forms an entirely new market and an avenue to bank the unbanked. Blockchain is forming new financial solutions that scale faster, are cheaper, more secure, and are accessible […]
What is a blockchain oracle and how does it work? A blockchain oracle is a third-party service or software that provides off-chain data to a blockchain smart contract. The decentralized web3 ecosystem requires access to existing legacy systems, advanced computations, and data sources. Decentralized oracle networks facilitate the creation of hybrid smart contracts. Hybrid smart […]
What is Shanghai’s hard fork on Ethereum? On April 12, 2023, Ethereum will undergo its first major upgrade, also called a Shanghai’s hard fork, since September when it switched to a proof-of-stake system. Ethereum’s upcoming “Shanghai” upgrade will allow validators to withdraw 16 million staked ether (ETH) once it is complete. So, what exactly Shanghai’s […]
7 Tips in Becoming a Blockchain Developer Blockchain is a complex digital framework where transactions are recorded in a decentralized manner. It’s a digital ledger that differs from other databases since information is stored in blocks that are chained together and distributed among other users, meaning every time a transaction is made on the blockchain, […]
Blockchain: Real-Time Inter-Bank Fund Verification Blockchain technology since the early 2000s has witnessed several transformations (small and big) in a few industries. The financial services and products industry, where the movie started, is experiencing another alteration that will make security turn much more effective and robust. This piece will talk about the modification of Real-Time […]
How Blockchain Can Help With Carbon Sequestration The effects of greenhouse gas emissions are being felt all over the world. Even our most basic activities have subtle carbon emissions that we are not fully aware of. Every financial transaction we make leaves a carbon footprint, from filling up our car with gas or booking a […]
In Bitcoin, is anonymous really anonymous? With an increase in the utilization and popularity of bitcoins and the overall blockchain ecosystem, anonymousness in transactions is becoming the preference of many users. There’s some distinction between anonymity while transacting via cryptocurrency, and anonymity while using a search engine. As Bitcoin’s one of the many fundamental principles […]
Blockchain Traps to Avoid There are many myths and common traps surrounding blockchain that are hindering businesses from fully harnessing their true potential. Although the technology is now past the “trough of disillusionment” phase, many business executives are still not fully confident in their understanding of blockchain.Debunking these blockchain traps can help business leaders track a […]
