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Smart contracts play a crucial role in executing transactions on blockchain technology, ensuring these processes are secure, efficient, and tamper-proof. Even a single flaw can cause hefty losses, one of which was seen recently where a flaw in a single smart contract caused a $600…
With the increasing amount of digital data businesses handle, hackers constantly find new ways to steal this sensitive information. Therefore, data privacy and security have become crucial for businesses. Even a small oversight could result in reputational damage as well as financial loss. However, traditional…
The metaverse has already come a long way in the past few decades. Immersive experiences that blur the lines between the physical and digital worlds are now feasible because of technologies like augmented reality (AR) and virtual reality (VR). Businesses like Roblox, Decentraland, and Facebook’s…
The global pandemic, COVID-19, provided a close-up perspective of supply chain management, which is a critical component in establishing an organization’s effectiveness. Blockchain technology can lower administrative expenses while increasing supply chain traceability and transparency. Current Supply Chain Landscape Consumer expectations were centred around a…
Web 3.0, also known as decentralized web, has transformed the way we reticulate with the internet. Contrary to Web 2.0 which is regulated by centralized services and platforms, Web 3.0 is built on decentralized technologies and protocols that give greater control to the users over…
In the rapidly evolving global cryptocurrency, the demand for robust, steady, and efficient trading solutions is increasing. As many investors and traders flock to the crypto market, the requirement for credible exchanges continues to grow. One of the simplest ways to satisfy this call is…
Blockchain Technology has revolutionized the area of transactions and data storage through unrivalled security and transparency that it provides. Even with its numerous advantages, scalability remains a major stumbling block for blockchain networks. To deal with this challenge, two main scaling solutions have been developed…
The past years have witnessed an unprecedented boom in Blockchain Technology, which has revolutionized the way we store and transact data. Blockchain is an ideal system for fintech that brings about transparency, security as well as speed. According to market research firm Statista, expenditure on…
Data security is a crucial concern for corporations because the consequences of unauthorized access or breaches can be catastrophic. This includes financial information like credit card numbers, as well as personal identification numbers which must be protected at all costs. However, how do we protect…