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Showing posts from December, 2020

What are the use-cases of DeFi Protocols?

  DeFi is Decentralized Finance, and It is an open-source financial ecosystem that allows the user to authorize their digital transactions. DeFi is a Blockchain-powered application that is exclusively run on the blockchain network. Significant Features of DeFi  Highly Efficient Permissionless  Limitless  Eliminate Geographical Barriers  Complete Control Over Digital Assets DeFi allows users to authorize their financial transactions and digital assets. It is an Ecosystem built on a Decentralized method and blockchain-powered application that mainly works with the smart contract for lending and borrowing the assets on the liquidity pools. Interest and rewards are given as return for users who pool their digital assets in the liquidity pools. Where it provides the salary to the farmer who doesn't even have a bank account but they can get their salary through their mobile phones. the unbanked part of the population is the successors of  Decentralized Finance development .  Decentrali

How to start a Ondemand App like Gojek ?

  In this digital era, every aspect of life has shifted into a sophisticated way. The people around the world are fond of using mobile phones average of 4hrs per day. The android and ios applications are emerging rapidly as per the user demands. The mobile app has reshaped the business into an ondemand economy, and ondemand has a market value of $57.6 billion annually. All the traditional businesses are moving into the ondemand economy with the help of ondemand apps. There are various ondemand apps available for different services on the market, whereas Gojek is popular among the ondemand apps.  Gojek Overview Go-Jek is an Indonesian-based on-demand multi-service platform started in 2009 as a Connecting point and acts as a bridge between the users and delivery partners. Gojek as an app was launched in 2015 with four services like GoRide, GoSend, GoShop, and GoFood and currently providing 20 types of services in countries like Indonesia, Vietnam, Singapore, Thailand, and the Philippines

Why is decentralized finance (DeFi) growing so fast?

DeFi is Decentralized Finance, and It is an open-source financial ecosystem that allows the user to authorize their digital transactions. DeFi is a Blockchain-powered application that is exclusively run on the blockchain network. Key Features of DeFi     ·  Highly Efficient ·  Permissionless  ·  Limitless  ·  Eliminate Geographical Barriers  ·  Complete Control Over Digital Assets   DeFi allows users to authorize their financial transactions and digital assets. It is an Ecosystem built on a Decentralized method and blockchain-powered application that mainly works with the smart contract for lending and borrowing the assets on the liquidity pools. Interest and rewards are given as return for users who pool their digital assets in the liquidity pools. Where it provides the salary to the farmer who doesn't even have a bank account but they can get their salary through their mobile phones. the unbanked part of the population is the successors of   Decentralized Finance development .  D

How Blockchain Is Making Data More Secure?

  Blockchain Technology is booming, it is being adopted in various industries around the world. Blockchain helps in business automation with enhanced efficiency, security, trust, and transparency among the parties involved in the business operations. What are the advantages of adopting Blockchain in Business operations? Auditable Transactions  In the blockchain, each transaction is sequentially and generally registered to provide a permanent audit trail for an asset. This is very important if the source data is required to confirm the authenticity of the assets. The Blockchain provides a secure environment for business transactions and each of them is stored on the blockchain that can viewable to the parties involved over it. It can be used for audit purpose for assets.   Secure Transactions  In Blockchain each transaction is validated within the network using the cryptographic hash functions, the information encrypted is well-secured and guaranteed. The guaranteed information is one o

How Blockchain Technology disrupts the online marketplace?

  Digital marketplace organizing millions of transactions and online networking daily are often broken with challenges such as payment delays, trust, and relevant ideas to better reach the target market. There are pitfalls even after various innovative technological advancements moving from offline to online-enabled cross-border networking. the business lacks in various factors like Trust, security lapse, and failed transactions continue to acquire the front row.  Trust 1.Failure to sell if you note a reputed seller 2.No provision to digitally verify the user 3.Maintain customer commitment Security gaps 1.Develop and maintain a secure network 2.Facility to secure a vulnerability management program 3.Implement Robust access control processes 4.Periodically monitor and test networks 5.Maintain a security policy Payment glitches 1.Reducing processing and payment delays 2.Lost transactions 3.Cross-border transactions 4.Multi-currency 5.Diverse payment methods Analyzing pitfalls, industries