A consensus protocol enables all the parties of the blockchain network to come to a common agreement (consensus) on the present data state of the ledger.
Automating statement reconciliation is crucial for many businesses, especially for those in the banking and financial services sector. It ensures that all invoices have been received and all documents are posted correctly. Efficient and accurate statement reconciliation can help businesses to check for discrepancies in data, eliminate duplicate information, and resolve missing invoices. Undoubtedly, manual […]
Elegant customer service is one of the most critical factor that determines the success of a brand and the business attached to it. From a customer’s perspective, what define a good customer service is the following three elements. Speedy resolution of their grievances. Resolution for problems within a single interaction. Friendly customer service agent. Of […]
Software development for a start-up represents a significant investment, and whether you’re an Investor, Founder or CTO, you’ll want to maximize the amount of return and minimize the time it takes to achieve that return. For anyone working with software development teams, either internal or external, there are tools available that play their part in […]
Google’s UI toolkit, Flutter has caught the attention of a lot of developers, business owners etc. App development can be made much faster using Flutter and it also offers expressive and flexible UI. In a previous article, I shared my insights on using Flutter for mobile app development. Navigation between widgets/screens is very important for […]
In the previous article of the technical paper review series, we explored FastFabric, Understanding FastFabric: How to scale Hyperledger transactions per second In this article, we’ll review the hybrid consensus algorithm – LOKI, which is a privacy oriented blockchain system, which was built on top of Monero source code. Loki uses a hybrid proof of […]
Imagine a scenario where your credit card gets stolen. It is very likely that the thief will go on a shopping spree and spend large amounts of your money. Many payment processor companies like PayPal keep tabs on the usage patterns of your card. The usage pattern accounts for transaction amounts, the location of the […]
Several industries have been hit hard during the COVID-19 pandemic. Malls and shopping centres are temporarily shut down, affecting the retail and e-commerce industries. The entertainment industry is also seeing a huge decline as movie theatres are being shut down. The NBA has suspended its season after a player was tested positive for COVID-19 and […]
Are you aware that in 2020, the number of customers who have fallen victim to fraudulent activities was around 25.4 million people, which is 16 percent higher than 2019. Advancements in the digital space opens up new channels for financial services distribution all over the globe. But it also creates a perfect environment for fraudsters. […]