Blockchain technology is enabling diverse industries like healthcare, manufacturing, and education to optimize processes, increase transparency, and strengthen the security of the business network. Now, it is all set to simplify and enhance various processes of the aviation sector with solutions and applications like smart contracts. Apart from securing information exchange, blockchain can address several other challenges existing within the aviation industry’s operations. If implemented appropr...
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Industries are exploring Blockchain to enhance their complex business processes. Now, they look to strengthen the food supply chain with blockchain.
Read Full Article: Strengthening the Food Supply Chain with Blockchain Solutions
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Following the considerable growth in use cases and applications, industries are exploring the potential of blockchain technology. Many key industry players, as well as governments, are turning to blockchain solutions to optimize and enhance their standard business operations. It is because blockchain application development services have enabled them to avail benefits like quick transaction processing, elimination of intermediaries, security, and much more. Cybersecurity is another prominent are...
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Banking: Loan Applications Challenges
Borrowing money from banks is a time-consuming and complex process. Banks accept loan applications and lend money to only good-risk borrowers.
To ascertain the right borrowers, banks collect details of personally identifiable information (PII) such as DoB (Date of Birth) government IDs, electricity bill, passport number, and whatnot. They use information bits to assess an applicant’s credit rating that predicts their debt payback ability, and the likel...
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The advent of peer-to-peer mobile payment apps has created a new world of cashless, card-free, and pay-contactless transactions. Their cross-industry applications and use cases range from splitting bills, making remittances, and booking tickets to managing daily expenditures.
Financial applications are set to transform the way we make online payments with the availability of digital wallets, cryptocurrencies, m-commerce apps, and peer-to-peer payment apps. Several next-gen peer-to-peer...
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Hyperledger Fabric is a platform that fits best for developing private and permissioned business solutions with distributed ledgers. It enhances confidentiality, resiliency, flexibility, and scalability of the network with its modular architecture. Hyperledger Fabric enables developers to build private blockchain solutions for organizations looking to set up private consortiums. Unlike public blockchains where anyone can join the network, users have to enroll through Membership Service Provider ...
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The cross-border payments market continues to grow with increasing international commerce, migration, and changing economic trends. Currently, financial institutions like banks have significant dominance in cross-border payments with a market share of 95 percent. However, their payment transfers and services lack transparency, attract high fees, and lead to delays. These long-standing obstacles can be overcome with blockchain technologies like Ripple. Ripple provides cutting-edge mechanism...
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A cryptocurrency wallet is a software program that enables crypto users to buy, sell and store cryptocurrencies. In simple terms, we can compare it with a physical wallet, which stores fiat currencies. However, unlike conventional wallets, it does not store cryptocurrencies. Instead, it holds records of all cryptocurrency transactions on the blockchain network. It uses the concept of public and private keys to enable transactions on the blockchain network.
In this blog post, we have di...
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Blockchain as a Service (Baas) For Enterprises, Startups, Businesses and Organizations. Transform your business into digital with Private & Public Blockchain Development Services.
We are the leaders in Blockchain Application Development and our services have led 50+ clients around the globe in innovating blockchain networks and solutions for innovations across industries. Our team of Blockchain software developers is dedicated to providing the best blockchain development solutions to existing...
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