Blockchain as a Service (BaaS) is a quick and easy way for startups and businesses to develop their own blockchain applications without hiring a development team. BaaS not only reduces costs, but risks as well. It allows a much faster time to market for testing and launching blockchain applications and smart contracts. For instance, Amazon […]
Tokenization or Digitization of physical and financial assets is a game-changer in the capital markets industry. As investors and traders demand more convenience in trading and expect faster access to capital market instruments, it is obvious that digitization of physical/financial assets is inevitable. Today, the adoption of tokens and digital currencies for transactions are getting mainstream. In […]
In this article, we’ll discuss how to implement Blockchain in Insurance sector, its use cases and applications. For years, applications of blockchain technology in the insurance industry has remained just in theory for years. But today, companies are leveraging blockchain technology for practical applications that offer many benefits such as fraud-proof claims processing, PII data […]
In a previous article, we familiarized the concept of consensus mechanisms and how to choose the right consensus mechanism for a permissioned blockchain network. In this article, let’s explore what’s new in the world of DLT, blockchain and newer consensus mechanisms. A quick brush up on the basics, A consensus mechanism is the core element […]
This article explains the possibilities and benefits of using a blockchain based voting system for conducting secure and efficient election poll. Feel free to jump forward to the section that’s interesting for you. Conducting elections during pandemic Drawbacks of traditional voting systems Using blockchain voting systems for safer elections Voting options in a blockchain voting […]
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.
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 […]