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Art Perev 2024-03-05
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Disrupting Realty: How Crypto Could Redefine the Role of Realtors — Vladimir OkhotnikovIn the article Crypto Kills the Market, Vladimir Okhotnikov Knows When Realtors Will Be Out of Work. The author explores the opinion of cryptocurrency expert Vladimir Okhotnikov on the future of the real estate market and the role of realtors in it. Firstly, the article is based on the expert opinion, while presenting various arguments and viewpoints that reinforce the author's position. Secondly, the author provides clear evidence supporting Vladimir Okhotnikov's thesis that realtors will be out of work in the near future. "Overall, the article "Crypto Kills the Market" and Vladimir Okhotnikov's perspective offer a balanced assessment of when realtors will be out of work.
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1
Ethan Oliver 2024-02-13
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In the fast-growing landscape of blockchain technology, smart contracts have emerged as a revolutionary tool that automates and executes contracts without intermediaries. What is Smart Contracts:Smart contracts are self-executing contracts with the terms and conditions of the agreement directly written into code. Custom Smart Contract Development:Expert developers create custom smart contracts using programming languages like Solidity (for Ethereum) or other blockchain platforms. Conclusion:Smart contract development services are at the forefront of the blockchain revolution, offering businesses unprecedented efficiency, security, and transparency. As organizations across various industries increasingly recognize the potential of smart contracts, the demand for specialized development services continues to grow.
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0
oodles blockchain 2021-02-15

With smart contract solutions, Ethereum blockchain development architecture introduces the concept of business automation and influenced the entire blockchain future.

What are Smart ContractsSmart contracts are developed as a viable blockchain platform for two or more parties to perform transactions.

Developers build a smart blockchain contract to operate as a code protocol able to verify, execute, and promote a contract without any intermediaries automatically, efficiently, and effectively.In a conflict-free, transparent and democratic way, smart contract implementations can be used to trade ownership in the form of stock, real estate, or properties.

Since there is no middle man, because of the use of the immutability and encryption features of blockchain, the method is also secure and tamper-proof.Factors Behind Increasing AdoptionIn this part, discover why smart contracts are important for business excellence.Ethereum Smart Contract Development (1)Establishment of TrustSmart contracts instill trust in the entire system or arrangement for the making of transactions created by the parties.

No entity can change business contracts with smart contact solutions.

They cannot change the terms or conditions of a contract without consensus Therefore, the documents remain safe and preserved with proper encryption methods, without the need for a centralized authority.

collect
0
oodles blockchain 2020-10-29

One of the most common and debated topics in the blockchain industry is smart contract development.

It is becoming essential to find a way to make secure, digital business agreements as processes are progressively getting transformed digitally.

For replacing conventional business contracts that are often complicated, slow, and costly, smart contracts are a useful solution.In this blog, we have discussed some of the emerging opportunities and challenges facing smart contract adoption.

Understanding Smart ContractsA smart contract is an automated, self-enforcing protocol governed by its terms and conditions, as well as stores and implements contractual clauses on top of the blockchain network.For beginning with a blockchain-based smart contract development for a business, involved parties first discuss and decide the conditions of the agreement before preserving them in the smart contract code stored within the blockchain technology.Smart contracts enable transactions to execute without third-party engagement with security.

Smart contracts use blockchain technology between several parties to check, confirm, capture, and implement agreed-upon terms.Smart blockchain contracts enable the execution of transactions and agreements between anonymous parties without the need for a central authority, external compliance, or legal structure.

Then, there is clarity, irreversibility, and traceability of the transactions.For smart contracts, blockchain technology is the perfect environment, as all the stored information is permanent and safe.

collect
0
oodles blockchain 2020-12-17

When we purchase a vehicle or a house, we encounter a special kind of aggravation associated with the complex forms of transactions.

They are researching ways to alleviate it with blockchain-based smart contracts development.

This compact guide is a great place to start.

It will answer your questions, whether you recently heard about the idea or are searching for in-depth insight.Smart ContractsSmart contracts are essentially lines of coded business protocols stored on a blockchain.

They are protocols that can operate at the most basic level of system infrastructure as they have defined by the people who develop them.Majorly, in business collaborations, the advantages of smart contracts are most apparent.

Indeed, it can be a tedious procedure.

collect
0
Blockchain Oodles 2019-02-22
img

Blockchain is gradually taking over the business world by storm.

After cryptocurrency success, blockchain is making its way into other industries like healthcare, real estate, finance, gaming, social media, and so on.The unprecedented rise of cryptocurrencies in the last decade has paved a new path for various industry verticals.

Using the attributes of blockchain like transparency, immutability, and decentralization, they are improving their financial transactions and operations.

Thus, eradicating complexities from the most fundamental day-to-day operations.The innovative concept of blockchain is significantly reaching the masses.

It is steadily impacting various areas of life, including the complex real estate landscape.For instance, issues like lack of transparency and data redundancy in the rental agreements’ processes require immediate changes.Considering the daily dealings of real estate companies with contracts, “smart contracts” were need of the hour and indeed, a much-awaited breakthrough.However, interestingly, a computer scientist named Nick Szabo conceived the concept of digital contracts over 20 years ago.He proposed that the real estate industry requires smart contracts.

Because in a real estate office, numerous people deal with disagreements due to agreements created informally, such as those based on people’s selective memory.Nonetheless, if your wallet comes integrated within a smart contract implemented especially for such deals, it is immutable and fixed.In that case, either you’re in, or not.

collect
0
Oodles Technologies 2019-04-15
img

Since smart contracts work and run on the blockchain, they function differently to what we are usually accustomed of.

As compared to legal undertakings that are accessible on smartphones and computers, smart contracts honestly require a change in the roadway to building safe & secure codes.

In this article, I will break down the crucial tips into detailed information that should give a clear picture of how to properly write smart contracts.A lot of times, smart contracts are mistakenly thought of as an enhanced form of digital legal documents of some kind mainly because of that “contract” part in their name.

Well, this is, by all means, far from the truth because they almost have nothing in common.They are, in fact, a set of actions determined by their codes, programmed in such a way that they perform the same operations every time they are executed.

Particularly, if we talk about Ethereum Smart Contracts Development, they are usually written in Solidity, a programming language based on JavaScript and C++ and formulated specifically for Ethereum.Read Full Blog Here: Tips To Boost The Security Of Blockchain Smart Contracts

collect
0
oodles blockchain 2020-06-05

Increased customer distrust in centralized financial services, resulting in high underinsurance rates, is driving its reluctant yet solid interest in innovations.

However, insurers also fear this innovation, it can open up new cyber-attack vulnerabilities.So, now let’s explore how insurance companies can safely adopt blockchain solutions and stop being a laggard in comparison to other sectors of financial services.Blockchain’s Role in InsuranceFirstly, let’s understand the blockchain technology and its characteristics.Blockchain technology follows the concept of distributed ledger and, thus, eliminates the need for intermediaries.

It stores and distributes copies of the shared ledger at multiple user locations.

Also, it publishes all the changes to the records as additions to the original data.If we talk about its realistic implementation of blockchain solutions in insurance, they may provide the following advantage.Sharing of medical records between hospitals and insurers (even across borders) with the help of blockchain-powered encryptions and its other feature-rich characteristics.

The likes of such firms include the Blockchain Insurance Industry Initiative (B3i) or the RiskStream Collaborative of the institutes.

These trailblazing alliances are developing blockchain-based platforms to adopt the following cases of blockchain use.Preventing fraud and misconductFraud costs monstrous sums of money to the insurance industry.

collect
0
oodles blockchain 2020-06-18

The insurance industry is one of the key influencers within the global economy.

Various entities like businesses, citizens, healthcare organizations, and governments require a variety of insurance services.

Here, smart contract development can prove more convenient and efficient than drafting inconvenient paper agreements.Blockchain-powered Smart ContractsA smart contract refers to a self-executing digital business contract that envelops terms of the agreement between a buyer and a seller.

It is directly written into lines of code on a blockchain platform like Ethereum.

The smart contract code manages the execution of transactions while blockchain makes them trackable and irreversible.Smart contracts validate and execute transactions and agreements among disparate, anonymous parties without a central authority, legal system, or external enforcement mechanism.Workings of a Smart ContractFor instance, we have Alice who wishes to sell her car to ‘Bob’ in exchange for payment in cash.

significantly, Bob need not worry that Alice might suddenly demand more money.

collect
0
Juliana Bryant 2021-09-29

On that note, it is worth highlighting that about 50% of consumers do not trust brands and their marketing communications to be truthful or accurate.In other words, it is tough to gain trust and retain it.

As a result, the lack of trust and how easy it is to lose it are some of the pressing issues afflicting businesses around the world.But what if there was a way to introduce transparency and a system for practicing due diligence that can retain and honor this trust?

Here’s where Blockchain smart contracts development enters the picture.What are Smart Contracts?

How do they work?Smart contract development services involve the generation of computer codes that contain the terms and conditions of the contract.

Such smart contracts run on Blockchain technology and help nurture trust and transparency through the creation of immutable and accessible contracts between two parties.

Further, they eliminate the need for a mediator during the transfer of valuable physical or digital assets.Typically, the Blockchain smart contracts development covers the following steps:Offer, where the first party avails smart contract development services to develop a code containing the “if-then” statements to govern the contract.

collect
0
oodles blockchain 2020-02-13

From insurance, manufacturing, and real-estate to international remittances, legacy businesses often suffer from high- cost transactions.

Either middlemen or archaic practices are the reason behind high-costs of any value exchange.However, a blockchain-based smart contract solution can potentially enable these businesses to remove intermediaries from the transactions and automate conventional, manual processes.Additionally, blockchain technology platforms like these can facilitate it to meet requisite regulatory and compliance regulations.

Together, it can provide business with solutions to achieve significant growth and productivity,  improve customer experience, and reduce operational complexity.Smart Contract, and its ApplicationsA smart contract is a contract, or a set of business conditions, coded into computer algorithms.

A blockchain developer writes the contract terms or conditions into a series of ‘if and then’ code functions.

A smart contract, essentially, fulfills the need for a solution to execute fast and efficient business transactions.With smart contract integration into existing processes involving intermediaries and repetitive tasks, businesses can optimize their services and create new revenue models.

For instance, the insurance industry can use smart contracts to automate various policy agreements.

collect
0
Cryptoapp Factory 2019-05-29
img

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.

collect
0
oodles blockchain 2020-11-27

However, when it comes to real estate blockchain solutions, the industry is surprisingly quick to adapt.

It is because blockchain and its applications are capable of addressing challenges in the real estate industry operations that other digital technologies can’t.

In an industry that involves large scale transactions involving complex business agreements and contracts, their use is proving perfect.

The advantages like automation, digitization, security, and efficiency are accelerating the transformation of a business sector that has always been reliant on inefficient and archaic operations of business and record keeping.Blockchain in Real EstateBlockchain is a decentralized and immutable record-keeping technology distributed across a network of nodes.

Its design uses cryptographic and timestamping mechanisms to ensure trust in each digital transaction, while smart contracts that run on top of it facilitate automation execution.Blockchain technology can prove viable for both commercial and residential real estate development solutions.Blockchain real estate solutions ensure the security and efficiency of transactions among stakeholders while reducing or even eliminating any intermediary requirement.They can range from property purchasing to due diligence management to facilitating crowd-sourced investments, and more.Secure and Transparent Information ExchangeActs as an alternative means of exchanging information (such as real estate transaction details) securely by providing verifiability and censorship-resistance to data.Distributed Data SourcesWith a shared tamper-resistant database that gathers data from a variety of stakeholders and documents in one place data, real estate processes experience enormous efficiency.Transactions EfficiencyEliminates the dependency of most real estate transactions on wire transfers and costly verification processes that take days to complete.

Facilitates a streamlined transaction process providing speed with reduced costs.Rendering Intermediaries RedundantBlockchain applications can render many intermediaries, including brokers and escrow companies, obsolete by providing a single source of truth.

collect
0
oodles blockchain 2020-12-03

Smart contracts serve as a significant component of blockchain technology-based solutions.

They are self-executing business contracts that run on a blockchain.

Blockchain developers translate lines of code as a business agreement on a blockchain like Ethereum or Hyperledger between two or more parties.

Due to being powered by the emerging technology, the execution of transactions among anonymous parties by smart contracts does not require a central entity, legal authority, or external compliance mechanism.

Essentially, smart contract development provides a business a straightforward and hassle-free way to trade money or anything of value while eliminating any intermediary.

Also, no one can alter any value of a smart contract once a blockchain has executed it.AutonomyA smart contract ensures that an initiator no longer has to involve himself in the process once it gets executed.

collect
0
oodles blockchain 2020-12-16

Blockchain is a pioneering technology that is likely to become a key growth enabler as the global B2B transaction fabric.

The results of blockchain supply chain development when combined with smart contract solutions can be highly effective for operations like procurement and supplier management.

With a distributed database containing digital transaction tamper records, blockchain and its related applications can create new standards for productivity, efficiency, and security in the supply chain and source-to-pay phase.Blockchain technology in the supply chain will offer a new level of confidence and accountability, from payments and audits to monitoring inventory and properties, while allowing the procurement-to-pay process to gain enormous operational benefits.Blockchain sets up enterprises for success through stable contract collaboration, distributed, coordinated information management, digitization, and standardization of the multi-party supply chain.Why CPOs Need to Explore BlockchainConsumers’ ever-increasing need drives the supply chain atthe same time to become lean and agile.

They are large ecosystems of networks of multiple SKUs from multiple manufacturers, all trying to work together unlike conventional supply chains.

To boost the output standards of their supply chain, companies are still pursuing next-generation technology.Despite developments in digital technology, there is a multitude of problems facing procurement systems, such as accountability, data inconsistency, confidence, and time sensitivity.

Processes based on paper are still popular, leading to decreased transparency across networks.

collect
0
oodles blockchain 2021-02-05

In this blog, we will firstly focus on the distinction between permissioned and permissionless blockchains.

There has been a steep rise in the popularity of blockchain technology in the past few years.

It is still in its early stages.

One of the fundamental confusions is choosing the right type of blockchain technology, either permissioned or public blockchains.Understanding Permissioned and Permissionless BlockchainsBefore using a permissioned blockchain, a licensed blockchain requires prior approval.

On the other hand, a permissionless blockchain enables anyone to participate in the framework.

It implies that several copies of the same data would be stored in various locations and linked through some network.

collect
0
Art Perev 2024-03-05
img
Disrupting Realty: How Crypto Could Redefine the Role of Realtors — Vladimir OkhotnikovIn the article Crypto Kills the Market, Vladimir Okhotnikov Knows When Realtors Will Be Out of Work. The author explores the opinion of cryptocurrency expert Vladimir Okhotnikov on the future of the real estate market and the role of realtors in it. Firstly, the article is based on the expert opinion, while presenting various arguments and viewpoints that reinforce the author's position. Secondly, the author provides clear evidence supporting Vladimir Okhotnikov's thesis that realtors will be out of work in the near future. "Overall, the article "Crypto Kills the Market" and Vladimir Okhotnikov's perspective offer a balanced assessment of when realtors will be out of work.
oodles blockchain 2021-02-15

With smart contract solutions, Ethereum blockchain development architecture introduces the concept of business automation and influenced the entire blockchain future.

What are Smart ContractsSmart contracts are developed as a viable blockchain platform for two or more parties to perform transactions.

Developers build a smart blockchain contract to operate as a code protocol able to verify, execute, and promote a contract without any intermediaries automatically, efficiently, and effectively.In a conflict-free, transparent and democratic way, smart contract implementations can be used to trade ownership in the form of stock, real estate, or properties.

Since there is no middle man, because of the use of the immutability and encryption features of blockchain, the method is also secure and tamper-proof.Factors Behind Increasing AdoptionIn this part, discover why smart contracts are important for business excellence.Ethereum Smart Contract Development (1)Establishment of TrustSmart contracts instill trust in the entire system or arrangement for the making of transactions created by the parties.

No entity can change business contracts with smart contact solutions.

They cannot change the terms or conditions of a contract without consensus Therefore, the documents remain safe and preserved with proper encryption methods, without the need for a centralized authority.

oodles blockchain 2020-12-17

When we purchase a vehicle or a house, we encounter a special kind of aggravation associated with the complex forms of transactions.

They are researching ways to alleviate it with blockchain-based smart contracts development.

This compact guide is a great place to start.

It will answer your questions, whether you recently heard about the idea or are searching for in-depth insight.Smart ContractsSmart contracts are essentially lines of coded business protocols stored on a blockchain.

They are protocols that can operate at the most basic level of system infrastructure as they have defined by the people who develop them.Majorly, in business collaborations, the advantages of smart contracts are most apparent.

Indeed, it can be a tedious procedure.

Oodles Technologies 2019-04-15
img

Since smart contracts work and run on the blockchain, they function differently to what we are usually accustomed of.

As compared to legal undertakings that are accessible on smartphones and computers, smart contracts honestly require a change in the roadway to building safe & secure codes.

In this article, I will break down the crucial tips into detailed information that should give a clear picture of how to properly write smart contracts.A lot of times, smart contracts are mistakenly thought of as an enhanced form of digital legal documents of some kind mainly because of that “contract” part in their name.

Well, this is, by all means, far from the truth because they almost have nothing in common.They are, in fact, a set of actions determined by their codes, programmed in such a way that they perform the same operations every time they are executed.

Particularly, if we talk about Ethereum Smart Contracts Development, they are usually written in Solidity, a programming language based on JavaScript and C++ and formulated specifically for Ethereum.Read Full Blog Here: Tips To Boost The Security Of Blockchain Smart Contracts

oodles blockchain 2020-06-18

The insurance industry is one of the key influencers within the global economy.

Various entities like businesses, citizens, healthcare organizations, and governments require a variety of insurance services.

Here, smart contract development can prove more convenient and efficient than drafting inconvenient paper agreements.Blockchain-powered Smart ContractsA smart contract refers to a self-executing digital business contract that envelops terms of the agreement between a buyer and a seller.

It is directly written into lines of code on a blockchain platform like Ethereum.

The smart contract code manages the execution of transactions while blockchain makes them trackable and irreversible.Smart contracts validate and execute transactions and agreements among disparate, anonymous parties without a central authority, legal system, or external enforcement mechanism.Workings of a Smart ContractFor instance, we have Alice who wishes to sell her car to ‘Bob’ in exchange for payment in cash.

significantly, Bob need not worry that Alice might suddenly demand more money.

oodles blockchain 2020-02-13

From insurance, manufacturing, and real-estate to international remittances, legacy businesses often suffer from high- cost transactions.

Either middlemen or archaic practices are the reason behind high-costs of any value exchange.However, a blockchain-based smart contract solution can potentially enable these businesses to remove intermediaries from the transactions and automate conventional, manual processes.Additionally, blockchain technology platforms like these can facilitate it to meet requisite regulatory and compliance regulations.

Together, it can provide business with solutions to achieve significant growth and productivity,  improve customer experience, and reduce operational complexity.Smart Contract, and its ApplicationsA smart contract is a contract, or a set of business conditions, coded into computer algorithms.

A blockchain developer writes the contract terms or conditions into a series of ‘if and then’ code functions.

A smart contract, essentially, fulfills the need for a solution to execute fast and efficient business transactions.With smart contract integration into existing processes involving intermediaries and repetitive tasks, businesses can optimize their services and create new revenue models.

For instance, the insurance industry can use smart contracts to automate various policy agreements.

oodles blockchain 2020-11-27

However, when it comes to real estate blockchain solutions, the industry is surprisingly quick to adapt.

It is because blockchain and its applications are capable of addressing challenges in the real estate industry operations that other digital technologies can’t.

In an industry that involves large scale transactions involving complex business agreements and contracts, their use is proving perfect.

The advantages like automation, digitization, security, and efficiency are accelerating the transformation of a business sector that has always been reliant on inefficient and archaic operations of business and record keeping.Blockchain in Real EstateBlockchain is a decentralized and immutable record-keeping technology distributed across a network of nodes.

Its design uses cryptographic and timestamping mechanisms to ensure trust in each digital transaction, while smart contracts that run on top of it facilitate automation execution.Blockchain technology can prove viable for both commercial and residential real estate development solutions.Blockchain real estate solutions ensure the security and efficiency of transactions among stakeholders while reducing or even eliminating any intermediary requirement.They can range from property purchasing to due diligence management to facilitating crowd-sourced investments, and more.Secure and Transparent Information ExchangeActs as an alternative means of exchanging information (such as real estate transaction details) securely by providing verifiability and censorship-resistance to data.Distributed Data SourcesWith a shared tamper-resistant database that gathers data from a variety of stakeholders and documents in one place data, real estate processes experience enormous efficiency.Transactions EfficiencyEliminates the dependency of most real estate transactions on wire transfers and costly verification processes that take days to complete.

Facilitates a streamlined transaction process providing speed with reduced costs.Rendering Intermediaries RedundantBlockchain applications can render many intermediaries, including brokers and escrow companies, obsolete by providing a single source of truth.

oodles blockchain 2020-12-16

Blockchain is a pioneering technology that is likely to become a key growth enabler as the global B2B transaction fabric.

The results of blockchain supply chain development when combined with smart contract solutions can be highly effective for operations like procurement and supplier management.

With a distributed database containing digital transaction tamper records, blockchain and its related applications can create new standards for productivity, efficiency, and security in the supply chain and source-to-pay phase.Blockchain technology in the supply chain will offer a new level of confidence and accountability, from payments and audits to monitoring inventory and properties, while allowing the procurement-to-pay process to gain enormous operational benefits.Blockchain sets up enterprises for success through stable contract collaboration, distributed, coordinated information management, digitization, and standardization of the multi-party supply chain.Why CPOs Need to Explore BlockchainConsumers’ ever-increasing need drives the supply chain atthe same time to become lean and agile.

They are large ecosystems of networks of multiple SKUs from multiple manufacturers, all trying to work together unlike conventional supply chains.

To boost the output standards of their supply chain, companies are still pursuing next-generation technology.Despite developments in digital technology, there is a multitude of problems facing procurement systems, such as accountability, data inconsistency, confidence, and time sensitivity.

Processes based on paper are still popular, leading to decreased transparency across networks.

Ethan Oliver 2024-02-13
img
In the fast-growing landscape of blockchain technology, smart contracts have emerged as a revolutionary tool that automates and executes contracts without intermediaries. What is Smart Contracts:Smart contracts are self-executing contracts with the terms and conditions of the agreement directly written into code. Custom Smart Contract Development:Expert developers create custom smart contracts using programming languages like Solidity (for Ethereum) or other blockchain platforms. Conclusion:Smart contract development services are at the forefront of the blockchain revolution, offering businesses unprecedented efficiency, security, and transparency. As organizations across various industries increasingly recognize the potential of smart contracts, the demand for specialized development services continues to grow.
oodles blockchain 2020-10-29

One of the most common and debated topics in the blockchain industry is smart contract development.

It is becoming essential to find a way to make secure, digital business agreements as processes are progressively getting transformed digitally.

For replacing conventional business contracts that are often complicated, slow, and costly, smart contracts are a useful solution.In this blog, we have discussed some of the emerging opportunities and challenges facing smart contract adoption.

Understanding Smart ContractsA smart contract is an automated, self-enforcing protocol governed by its terms and conditions, as well as stores and implements contractual clauses on top of the blockchain network.For beginning with a blockchain-based smart contract development for a business, involved parties first discuss and decide the conditions of the agreement before preserving them in the smart contract code stored within the blockchain technology.Smart contracts enable transactions to execute without third-party engagement with security.

Smart contracts use blockchain technology between several parties to check, confirm, capture, and implement agreed-upon terms.Smart blockchain contracts enable the execution of transactions and agreements between anonymous parties without the need for a central authority, external compliance, or legal structure.

Then, there is clarity, irreversibility, and traceability of the transactions.For smart contracts, blockchain technology is the perfect environment, as all the stored information is permanent and safe.

Blockchain Oodles 2019-02-22
img

Blockchain is gradually taking over the business world by storm.

After cryptocurrency success, blockchain is making its way into other industries like healthcare, real estate, finance, gaming, social media, and so on.The unprecedented rise of cryptocurrencies in the last decade has paved a new path for various industry verticals.

Using the attributes of blockchain like transparency, immutability, and decentralization, they are improving their financial transactions and operations.

Thus, eradicating complexities from the most fundamental day-to-day operations.The innovative concept of blockchain is significantly reaching the masses.

It is steadily impacting various areas of life, including the complex real estate landscape.For instance, issues like lack of transparency and data redundancy in the rental agreements’ processes require immediate changes.Considering the daily dealings of real estate companies with contracts, “smart contracts” were need of the hour and indeed, a much-awaited breakthrough.However, interestingly, a computer scientist named Nick Szabo conceived the concept of digital contracts over 20 years ago.He proposed that the real estate industry requires smart contracts.

Because in a real estate office, numerous people deal with disagreements due to agreements created informally, such as those based on people’s selective memory.Nonetheless, if your wallet comes integrated within a smart contract implemented especially for such deals, it is immutable and fixed.In that case, either you’re in, or not.

oodles blockchain 2020-06-05

Increased customer distrust in centralized financial services, resulting in high underinsurance rates, is driving its reluctant yet solid interest in innovations.

However, insurers also fear this innovation, it can open up new cyber-attack vulnerabilities.So, now let’s explore how insurance companies can safely adopt blockchain solutions and stop being a laggard in comparison to other sectors of financial services.Blockchain’s Role in InsuranceFirstly, let’s understand the blockchain technology and its characteristics.Blockchain technology follows the concept of distributed ledger and, thus, eliminates the need for intermediaries.

It stores and distributes copies of the shared ledger at multiple user locations.

Also, it publishes all the changes to the records as additions to the original data.If we talk about its realistic implementation of blockchain solutions in insurance, they may provide the following advantage.Sharing of medical records between hospitals and insurers (even across borders) with the help of blockchain-powered encryptions and its other feature-rich characteristics.

The likes of such firms include the Blockchain Insurance Industry Initiative (B3i) or the RiskStream Collaborative of the institutes.

These trailblazing alliances are developing blockchain-based platforms to adopt the following cases of blockchain use.Preventing fraud and misconductFraud costs monstrous sums of money to the insurance industry.

Juliana Bryant 2021-09-29

On that note, it is worth highlighting that about 50% of consumers do not trust brands and their marketing communications to be truthful or accurate.In other words, it is tough to gain trust and retain it.

As a result, the lack of trust and how easy it is to lose it are some of the pressing issues afflicting businesses around the world.But what if there was a way to introduce transparency and a system for practicing due diligence that can retain and honor this trust?

Here’s where Blockchain smart contracts development enters the picture.What are Smart Contracts?

How do they work?Smart contract development services involve the generation of computer codes that contain the terms and conditions of the contract.

Such smart contracts run on Blockchain technology and help nurture trust and transparency through the creation of immutable and accessible contracts between two parties.

Further, they eliminate the need for a mediator during the transfer of valuable physical or digital assets.Typically, the Blockchain smart contracts development covers the following steps:Offer, where the first party avails smart contract development services to develop a code containing the “if-then” statements to govern the contract.

Cryptoapp Factory 2019-05-29
img

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.

oodles blockchain 2020-12-03

Smart contracts serve as a significant component of blockchain technology-based solutions.

They are self-executing business contracts that run on a blockchain.

Blockchain developers translate lines of code as a business agreement on a blockchain like Ethereum or Hyperledger between two or more parties.

Due to being powered by the emerging technology, the execution of transactions among anonymous parties by smart contracts does not require a central entity, legal authority, or external compliance mechanism.

Essentially, smart contract development provides a business a straightforward and hassle-free way to trade money or anything of value while eliminating any intermediary.

Also, no one can alter any value of a smart contract once a blockchain has executed it.AutonomyA smart contract ensures that an initiator no longer has to involve himself in the process once it gets executed.

oodles blockchain 2021-02-05

In this blog, we will firstly focus on the distinction between permissioned and permissionless blockchains.

There has been a steep rise in the popularity of blockchain technology in the past few years.

It is still in its early stages.

One of the fundamental confusions is choosing the right type of blockchain technology, either permissioned or public blockchains.Understanding Permissioned and Permissionless BlockchainsBefore using a permissioned blockchain, a licensed blockchain requires prior approval.

On the other hand, a permissionless blockchain enables anyone to participate in the framework.

It implies that several copies of the same data would be stored in various locations and linked through some network.

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