Blockchain Technology

  Can you please throwback and remember the last time you spoke with a customer care executive for banking needs or any other business? No, right! Most f our mobile banking application’s common problems and issues are resolved through voice support, right! The magic behind this automation is AI!  The world is now moving towards the digital cryptocurrencies that shatter the cross-border restrictions for payment transactions. The legitimacy and security features behind cryptocurrencies are because of the blockchain infrastructure!  Knowing the real-life usecases of blockchain and AI, in this blog post, you can explore the basics of blockchain and AI technology and the benefits and challenges of blockchain AI solutions in businesses! The concept of blockchain and AI! Artificial Intelligence is computer software that has pre-defined rules and performs actions, decisions based on that data. AI was architected to surpass human intelligence by reducing round-the-clock m...

In recent years, IoT has been significantly expanded and connected multiple devices and networks from homes to industries to the entire city. This technology is coupled with another spectacular emerging technology, blockchain technology is set to revolutionize with its nature of being decentralized.  If  IoT and Blockchain are working together, they provide an authenticated and secure method for device and process associated with the former.  Here blockchain works as a distributed ledger, where every edit or alteration of data is recorded in the ledger. With its decentralized nature, it prevents the vulnerable device from pushing wrong information and disrupting the network, whether it is a home or industry.  Now let us, deep-dive, know the blockchain implementation and use a case in the IoT.  Importance of blockchain implementation into IoT device Generally, blockchain is more than distributed ledger as it is underpinned by cryptocurrencies mainly bit...

  In the current world, people are used to having insurance for their medical bills, life, vehicles, and many other purposes. The insurance industry has been growing and widespread across various things. But the insurance industry processes lag in other financial services, and there are significant issues concerning a lot of manual & paper works, fraud, human error, and cyber attacks. To overcome these concerns, insurance companies and startups adopt blockchain insurance solutions to efficiently improve the insurance process while complying with security. Blockchain technology for the Insurance industry Blockchain is distributed decentralized public ledger that allows users to record every information and that can be shared among all blockchain participants. It implies that blockchain can potentially disrupt the insurance industry and change the way insurance is contracted. Blockchain technology optimizes the efficiency, security, transparency of the insurance industr...

  Blockchain technology is the reshaping sign of innovation. With its decentralized features, it is revolutionizing the existing system by making all the autonomous when it comes to gaining control.  Blockchain technology is used by various industries to eradicate intermediaries from financial and legal transactions.  Blockchain secures digital documents in a safe and suitable manner, allowing a quick, safe and economical transfer of resources.  Once the data is recorded in the blockchain it cannot be manipulated. So this model is immune to theft and tamper.  That’s the reason why blockchain app development companies are thriving in nearly all industries.   Now let us witness the services offered by blockchain technology.  Dapp Development    Blockchain-based DApp is considered a new wave of application development. The prime reason for the booming of DApp is that they are unlike traditional applications.  The Dapp does n...