Sidechains are happening and evolving mechanisms striving to make blockchain more efficient and scalable. These are independent chains, which function adjacent to a parent blockchain. The technology permits tokens, digital assets etc. to be moved from one blockchain to another for secure utilization and then returned to the original blockchain when needed. The transfer takes […]
Blockchain seems to be one of the most engaging, interesting and intriguing technologies to talk about right now. It’s much more than just the concept on which cryptocurrencies run. It’s a list of records or blocks that chronologically stores data publicly. The data are encrypted with the help of cryptography, so that they don’t get […]
The transformation of Blockchain in 2023 Blockchain technology was introduced during the nascent stages of Bitcoin, the decentralized cryptocurrency which was launched in 2009, being the first digital currency in the world. However, blockchain is more than just digital finance. Blockchain is a shared, unchangeable and stable ledger technology that transforms today’s business by fostering […]
The Ethereum virtual machine (EVM) is a software platform, a virtual computer in other words, which is used by programmers for building decentralized applications (dApps). It’s also utilized to execute and bring into play smart contracts on the Ethereum blockchain. Many a time, it’s referred to as the heart of Ethereum, because it works just […]
Introduction of Decentralized Finance (DeFi) Decentralized Finance (DeFi) is a generic expression for multiple financial applications and services on cryptocurrency or public blockchains, especially Ethereum. It helps to accomplish most of the things that take place in financial transactions including, borrowing, earning interest, trading assets and buying insurance etc. Decentralized Finance (DeFi) gathers inspiration from […]
The nomenclature Introduced in the year 2015, Hyperledger Fabric is an open source blockchain framework platform for creating distributed ledger solutions. It has a modular architecture and can offer flexibility, resiliency, scalability and confidentiality to a considerable degree. This generalized framework also provides distinctive access control features and identity management. Thus, it is convenient for […]
The Bruntland commission report in 1987 defined Sustainable Development as “development that meets the needs of the present without compromising the ability of future generations to meet their own needs.” Very often, one particular need drives development without fully taking into consideration its future implications. This has caused widespread harm and devastation, from irresponsible banking […]
Tech to reckon with The financial and the commercial sectors have been targeted by the emergence of many technologies in the dawn of the 21st century, like Internet of Things, Big data and blockchain. Blockchain is utilized to share, recreate, reproduce and synchronize data dispersed and scattered across various sites, organizations or countries. The peer […]
Cloud computing and Blockchain In the various forms and features of IT industry, Cloud computing has been very actively brought into play because it has successfully emerged as an indispensable piece of engineering science, to provide infrastructure and data service requirements with negligible endeavours, very high level of flexibility and affordability. There has been a […]
What is it all about? Blockchain is required to control a supply chain more effectively. It helps the members and stakeholders to record relevant information like certification, quality, date, location and price. The information available enhances a company’s position as a trailblazer and torchbearer in responsible manufacturing. The reason being, these information within Blockchain help […]
