According to the International Energy Agency’s report, the global demand for energy is set to grow by 37% by 2040. To meet this growing demand, the Oil & Gas industry needs to invest over $900 billion a year by the 2030s. By this time, it is estimated that oil and gas will account for around 60% […]
Over the last few years, Blockchain is garnering attention from all over the world. It is one of the most impactful technological developments in the last decade, just like the internet in the mid-’90s and smartphones in late 2000. This is mainly due to its unique features such as decentralization, security, reliability, and data integrity. […]
Blockchain identity management system helps to keep personal and business data more safe and secure. Each identity management system involved in a business transaction makes use of relevant user data. Trust is perhaps the most critical component in any business or a transaction between two people or parties. For instance, if you are purchasing a […]
Seriously, Why should governments root for a blockchain land registry system? Blockchain is relatively a young technology and its potential use cases have escalated at a disruptive pace since the inception of the technology back in 2008. It was only a matter of time before it embraced land registry management under its purview. This technology is […]
A research report based on the analysis of 1,807 business interruption related insurance claims found out that supply chain disruptions are increasing the severity and frequency of business interruption claims. The average large business property insurance claim was more than $2.4 million. As a business grows, its supply chains get more complicated and even harder […]
Did you know that blockchain in telecom market is estimated to reach USD 993.8 million by 2023? According to recent research by a leading market research company, adoption of blockchain in telecom market is expected to grow at a Compound Annual Growth Rate (CAGR) of 84.4% during 2018-2023. Even though the technology is not fully […]
Renewable energy is both the need of the hour and the next big thing in the world today, with governments across the globe committing to reducing dependence on fossil-fuel based energy. The ratification of the Paris Agreement by major global economies is another step in this direction. Just over 19% of the global electricity consumption […]
In August 2021, one of the biggest cryptocurrency heists happened. Hackers stole $613 million worth of digital currency from a company named Poly Network. They exploited a vulnerability in the digital contract used by Poly Network. By exploiting this security weakness, they further damaged the organization’s smart contract security. And this eventually led to the […]
Blockchain revolution is in its fullest swing. A recent Forbes article stated that in the span of a year, Google search results for the keyword blockchain has increased by over 250 per cent. Well, what is Blockchain? Blockchain or the Distributed Ledger Technology (DLT) refers to an expanding collection of records. These records are called […]