ICO framing a new generation in digital investments

“I believe every ICO I’ve seen is a security. … ICOs that are securities offerings, we should regulate them like we regulate securities offerings. End of story.” This is a statement made by  Jay Clayton, the Chairman of U.S. Securities and Exchange Commission, before the United States Senate on February 6, 2018. He makes it clear that […]

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Application of Blockchain Technology in Energy sector

Blockchain has become a buzzword, but leaving the hype aside, when applied to the energy sector, it has the potential to reduce business complexity and improve both profitability and customer experience. The use of blockchain, in combination with other emerging technologies such as smart contracts, intelligent sensors and the “internet of things,” could change user […]

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How to set up Ropsten testnet for your smart contract

Back in 1994, when Nick Szabo — a computer scientist and cryptographer from the United States developed the concept of smart contracts, probably no one had expected the disruption it is making to many industries today. A smart contract is simply a computer code running on top of a blockchain containing a set of rules under which the […]

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How to set up Oraclize in your smart contracts.

Smart Contracts are like a closed box, the code inside it cannot communicate with the external world on their own. However, it is really important for business applications that its smart contract should communicate with external APIs and data to complete the execution of the business logics. One option for allowing your smart contract to communicate with […]

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How blockchain technology embraces the challenges faced by migrants

Since its inception, Blockchain technology has made a big impact in overcoming the pain points of various industries. Migrant issues are one among the pain point that has found its solution with the technologies inherent features. Challenges such as banking availability, identity verification etc have been the most prominent problem faced by migrants. From transparently […]

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Watchout for these common mistakes entrepreneurs make in launching ICOs

Initial coin offerings or ICO have gained much wider attention over the past couple of years. In 2017, the ICO funding market exploded with a whopping $1.2 billion with more than 94 ICOs. It is expected to reach $1 trillion valuations at the end of this year. However, most of the ICOs launching nowadays has failed […]

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Smartcontracts in fintech: The possibilities

The penetration of the smartcontracts in fintech is predicted to be the next big step in shape-shifting the financial industry, making it more efficient and transparent. According to a study conducted by Accenture, blockchain as a technology will play an important role in the success of the financial sector in the near future. From the analysis of […]

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Revolutionizing remittance industry with Blockchain

According to the World Bank, the officially recorded remittances to developing countries during 2016 is $429 billion. This may come as a surprise to those who are unfamiliar with the multi-billion dollar market of remittance industry. Technically speaking, remittance is a peer-to-peer transaction among migrant workers to their families in the home country. These global […]

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Bridging the cryptocurrency gap between retailers and consumers

The worldwide e-commerce retail sales surpassed $2.2 trillion in 2017 and it is estimated to reach up to $4.5 trillion by 2021. Online businesses contained roughly 10% of the average worldwide retail deals in 2017 and over the next 3 years, it will increase by another 5.4%. Amazon and Alibaba are right now the world’s […]

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How blockchain can make your business’s procurement process more efficient?

According to the UK’s annual fraud indicator in 2017, it was found that the annual cost of fraud in the UK is £190 billion, equal to around £10,000 per family. A significant portion of this is accounted for frauds happening at different stages of a procurement process in different organizations. Procurement fraud is a malpractice where someone dishonestly gaining […]

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How blockchain can improve the healthcare sector?

Since it’s inception, Blockchain technology has made a big impact in the finance sector by the introduction of blockchain based cryptocurrencies. This decentralized and trustless system offers many benefits such as cutting out the middleman, reducing transaction fees for overseas payment etc. Over the past couple of years, Blockchain has made its penetration into a lot […]

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How secure is your Smartcontract?

On April 25, 2018, OKEX, the third largest Hong Kong-based cryptocurrency exchange in the world was forced to suspend all ERC20 tokens after the developers discovered a bug called BatchOverFlow that made the tokens vulnerable. Malicious parties could generate a large number of tokens and deposit that into a regular address. This would make many […]

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