Why Develop a DApp | Is It Better Than A Traditional Web or Mobile App

Asset tokenization is a new concept that uses digital tokens to fractionalize ownership of assets such as property, jewellery or fine art and smart contracts on block chain to manage these ownership rights.

Being able to tokenize assets opens up new alternative investment opportunities for asset managers and their clients, but today, the business and technology infrastructure is not in place to be able to manage tokenized assets within the portfolio Management System.There are about Four Kinds of tokens:Payments or Platform TokensThese are cryptocurrencies used as a means of payment in the digital space, the likes of Bitcoin, Ether, and Lite coin etc.Utility Tokens:These tokens are simply app coins or user tokens.

They enable future access to the products or services offered by a Company.

Therefore, these tokens are not created to be an investment and does not require strict levels of Compliance .This is very rampant in the World of ICOs i.e.

Security Tokens:This is refers to tokens whose value is derived from real physical entities.i.e Company  shares, Real estate ,Certificates,Bonds,Money etc.

Securities are a liquidized form of a real-world asset, therefore, these tokens are subject to federal laws that govern securities in their base of operation and must be Compliant.

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In the last two decades, we have drastically changed the way we perceived and adapted the tech.Right now, the technology innovation seems to be moving at the speed of light.

According to IBM, in the next ten years, the Internet of Things (IoT), Blockchain Technology, Virtual Reality (VR), Artificial Intelligence and Machine Learning is said to change how every sector performs an activity.

And, it is for the first time; the finance sector is said to go through a disruptive change due to blockchain technology.

Let’s see what is Blockchain Technology.BLOCKCHAIN:The chain of blocks is simply defined as a decentralized, distributed ledger that records information inside the block in an encrypted programming language.

This encrypted, stored information is unalterable and transparent through the use of cryptographic hashing.To simplify, blockchain technology is like Google Docs shared with a group of people where the members in the group will get to know about who does what in a shared document along with the time-stamp.

It makes it easy for everyone to act responsibly and keep the information transparent.

With the advent of bitcoin by Satoshi Nakamoto in 2008, blockchain technology came into the limelight.

But, it is quite easy to understand what blockchain technology is once you break it down.Due to the high demand of blockchain technology and its constant growth, the jobs in this field have a lucrative pay scale.

The database is accessible to all but has heavy encryption that makes the possibility of a data breach extremely low.Another notable feature of this Blockchain technology is that the information, once stored inside the blockchain, cannot be altered.

Moreover, with features like reliability, immutability, privacy, trust, blockchain technology is still gaining immense popularity.

Also, no central authorized companies handle it.How does blockchain work?To know how blockchain works, it is vital to know about the three main concepts – blocks, miners, and nodes.BlocksEach chain has numerous blocks.

It is arbitrarily generated during the creation of a block.Hash – It is a 256-bit number added to nonce.During the creation of the block, the nonce produces the hash.

Learn about 3 major benefits of combining two-mega trends – Artificial Intelligence & Blockchain Technology.

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However, Blockchain advancements are not limited only to finance.

Blockchain developers have recently come up with a new Blockchain technology that is actively conquering the market and has already become highly popular among many businesses – Smart Contracts.Smart Contracts are a disrupting technology for legal institutions.

It allows businesses to exclude third parties from the creation of agreements and improve their inner paper flows.

In this article, we’ll look into what Smart Contracts are, their benefits, and how companies are already applying this technology for their successful development.Smart Contracts ChallengesThe Externado University Civil Law Department organized a talk to answer questions on smart contracts and the Blockchain.Until now, contracts have been verbal or written documents subject to review by notaries, making them more expensive, just by the fact of having to go to a Notary Office and paying the corresponding document fee.This type of contract is not accessible to all and can be subject to interpretation.

In search of a solution to the problems posed by this model, smart contracts were created.Intelligent or electronic contracts are those exclusively accomplished through any digital medium when it has or can have, a real and direct impact on a specific agreement between two or more parties.The above definition was offered by Dr.  Wilson Furtado, an expert in Information Society Law, guest speaker at the talk organized by the Externado de Colombia University Civil Law Department.Smart contracts were proposed over two decades ago by American cryptographer Nick Szabo.

Today, with the blockchain development company of Blockchain technology, the concept is resurfacing and becoming a reality.According to Furtado, the key to these contracts is they can be self-executing and self-enforcing; that is, not requiring an external mechanism, as required on verbal and written contracts.

Yes, Today we are going to discuss about the concept “Blockchain In Telecom Industry” .

We already know that Blockchain have started to transform many industries like banking, SCM, Fashion, Food, Medical and so on.

Existing problems in Telecom Industry

( i.e) the number of mobile internet users in India is about 358.46 million people (2018) This would increase in count furthermore, so as of 2021 the count will be nearly 462.26 million.

Based on the market share and customer base, the list ascends as follow.

Cost per Minute ( Acquiring charge of connecting STD,LOCAL, ISD calls per Minute)

Cloud Computing Security The advancement in Block chain innovation has answers for a portion of the indispensable issues like execution and security in dispersed frameworks.

Impact Of The Block chain Growing inventive, digitalized plans of action are overwhelming the customary money related administrations.

A portion of the key advantages of Blockchain in the money related area is as per the following: Electronic records are temperate to keep up, in contrast to customary bookkeeping frameworks.The Blockchain's security and privacy decorum’s utilize "cryptographic hash work".

With Blockchain it is conceivable to precisely follow client reimbursement chronicles crosswise over fringes and banks; consequently, diminishing the danger of defaulters.

This dispenses with the likelihood of exchange adjustment and dropping.

The blockchain is a remarkable innovation that gotten a wide acknowledgment among the online clients The blockchain is a record system that keeps the greater part of the dispersed system.

 Ready to build a proof of concept for your business's blockchain initiative?

and Why Companies Should Build a Blockchain PoC in 2018 and How They Should Do It.

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