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oodles blockchain 2021-07-08

The amount of data that automobile industry companies must keep track of is expanding, from support for evolving hardware and services to identifying the source and location of defective or counterfeit parts.

With a shared, permissioned record of ownership, location, and movement of parts and items, automotive blockchain solutions development can help build efficiency, transparency, and trust.

Furthermore, the flexibility of blockchain solutions makes them ideal for keeping up with emerging business models.

The Automotive Industry’s Current Issues and how Blockchain Solutions HelpServices for mobilityChallengeCars today are complicated, networked software platforms on wheels, rather than just transportation units.

Vehicles are increasingly required to include secure, seamless mobility services, as well as the ability to handle micropayments and other interactions with ride-sharing services, smart transportation infrastructure, and electric vehicle charging.SolutionWe can build a blockchain-based automobile eWallet that allows for cashless micropayments for tolls, congestion fees, electric charging, parking, and even payments between vehicles.

With permissioned access to the trunk, the system can also allow a vehicle to be utilized as a secure drop point for packages.Supply Chain TransformationChallengeAutomobile manufacture is genuinely international.

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oodles blockchain 2021-03-24

Globally, governments have failed to prevent the spread of COVID-19 while companies struggle to minimize the impact on their supply chains.

Apple is unable to obtain the next shipment of iPhones, and Tesla has temporarily shut down its factory in China.

The problem is that supply chains have become more fragmented, competitive, and lean as a result of globalization.

Still, yet, features like product tracking, transaction traceability, and end-to-end visibility remain absent.

Our experts at Oodles agree that the creation of blockchain supply chain solutions would be a game-changer at COVID-19.While no country will be fully prepared for a pandemic of this magnitude, there are a few places where interoperable blockchain technology solutions can help.Technology companies and startups have begun testing several technologies based on distributed ledger technology (DLT), such as blockchain.

They’re working on solutions for end-to-end traceable supply chains, medical data sharing interoperability and management, and more.Let’s take a closer look at how blockchain will help you improve the supply chain and plan for a pandemic like COVID-19.Strengthened Supply Chain Digitization with BlockchainBlockchain is the best-suited platform to help businesses leapfrog to trusted digital supply chains.

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oodles blockchain 2021-03-09

Staking or lending crypto assets to produce high returns or incentives in the form of additional cryptocurrency is known as yield farming, an emerging concept in the space of cryptocurrency exchange development and smart contract solutions.

Thanks to new technologies like liquidity mining, this revolutionary but risky and unpredictable application of decentralized finance (DeFi) has exploded in popularity recently.

Yield farming is currently the most important growth factor in the still-developing DeFi sector, helping it to expand from $500 million in market capitalization to $10 billion by 2020.

Yield farming protocols, in short, encourage liquidity providers (LPs) to stake or lock up their crypto assets in a smart contract solution-based liquidity pool.

However, the question is the distribution of these tokens happens while keeping the network decentralized?Distributing these governance tokens algorithmically with liquidity bonuses is a common way to kickstart a decentralized blockchain.

Liquidity providers are enticed to “farm” the new token by providing liquidity to the protocol.Although the COMP didn’t invent yield farming, it did raise the popularity of this form of token distribution model.

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oodles blockchain 2021-02-24

Blockchain is a friction-less platform that is currently gaining popularity across various industries, including financial services, BFSI, retail, healthcare, manufacturing, and more.

For staying competitive and meeting the ever-growing consumer needs, market leaders across sectors are exploring technology solutions.

Discover how it enables the processing of payments in a faster, secure, and digitized way.Traditional Payment System ChallengesThe existing payment infrastructure is largely message-based and relies on multi-party file exchange.

For instance, because of this delay, it requires a business initiating a payment to monitor its bank account or bank account statement to get its clearance status.Blockchain Features for Payment Processing AdvancementsPeer-to-Peer Transactions ModelBlockchain is a protocol that runs on top of the Internet, on a peer-to-peer network of computers, all running a real-time data exchange protocol.

From the perspective of global payment services, if payment parties are part of such a scheme, an exchange of payment information (such as clearing & settlement details) will occur in real-time, reducing lags in payment processing & settlement times.

The database gets simultaneously stored across several computers that are part of the network.It ensures a shared view of the same data across the network to all permissioned identities.

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oodles blockchain 2021-07-06

There are 100 exchanges in the same category, and they all have a 24-hour volume of above $1 million.

We’ll also look at the recommended practices to follow to guarantee that your crypto exchange is as secure as possible.Security Concerns | Crypto Exchange PlatformPhishing vulnerabilityEven with the finest technical precautions, protecting crypto exchanges from phishing attempts is tough.

As a result, businesses must guarantee that workers’ credentials for software programs installed not just on company computers but also on their laptops are kept safe and secure.Protections for hot wallets aren’t presentTo safeguard hot wallets, several crypto exchanges utilize single private keys.

However, it should be emphasized that each transaction includes a signature that can be altered before the transaction is closed.Now that we have a better understanding of the different security issues that may occur in any crypto exchange, let’s have a look at some key pointers to guarantee that your crypto exchange is secure!How to Ensure the Security of your Crypto Exchange PlatformCreate a safe environmentIt’s critical to give your database, server-side, and client-side technologies the attention they deserve.

Third-party programs are the only way to keep all of this in check.An impostor posing as a customer injecting harmful malware into your crypto exchange’s environment is the last thing you want.

Because, in the end, your platform will be dealing with third-party funds as a bitcoin exchange.

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oodles blockchain 2021-03-18

Experts claim that crowdfunding platforms have five major advantages: performance, scope, simpler presentation, built-in PR and marketing, and near-immediate idea validation.

Indeed, to date, $34 billion has been raised by crowdfunding campaigns, contributing nearly $65 billion to the global economy, according to estimates.

Traditional Crowdfunding Platform | LimitationsHigh Fees Crowdfunding platforms charge a fee for each project that is mentioned.

This is often a flat fee, at other times it is a proportion of the total funds collected by donors.Stringent Laws and Regulations Not all platforms regard facilities as a feasible project.

Instead, they seek tangible goods.DIY Marketing and Advertisement Sites, with a few exceptions, would not assist in spreading the word about new companies, suggesting that startups must pay for marketing and advertising.Scam Startups In some situations, startups turn out to be scams that deliver nothing, leaving investors with empty hands and no way to recover their fundsIntellectual property risk In some situations, startups lack IP security, leaving them vulnerable to seasoned investors who can take the concept and launch it with all of their money.The Effect of Blockchain on CrowdfundingWith all of the aforementioned drawbacks of current crowdfunding platforms, blockchain technology can be better put to use by offering provable milestones as contingencies forgiving, with smart contracts solutions releasing funds only until milestones prove that the money is being used as intended.Crowdfunding will become a more acceptable means of funding a wide range of initiatives and causes by offering greater oversight into individual campaigns and lowering the amount of confidence needed to donate with a good conscience.The inherent benefits of blockchain technology will aid and boost crowdfunding in a variety of ways.Enhanced Equity AccessibilityInstead of using crowdfunding to allow pre-orders of upcoming tangible goods, blockchain may use asset tokenization to offer investors equity or some other form of ownership.

This has the potential to open up entirely new investment opportunities.Worldwide AvailabilityAny project that uses a blockchain-based crowdfunding model has a chance to succeed.

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oodles blockchain 2021-03-03

Whether it’s in ride-sharing, manufacturing, vehicle tracking, or the emerging electric car industry, blockchain automotive solutions are gaining significant traction.

The automotive industry is grappling with a rapidly evolving market environment, which involves a rapid and profound change fuelled by changing consumer technology.

Oodles’ seasoned team is familiar with the automotive industry’s most pressing problems and how to solve them with blockchain.

Indeed, they can only append it.

The advantage is that ledger access can be limited to only those you choose to have access to it.

Each block also contains the previous block’s hash value, forming a non-changeable connected chain of blocks.

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oodles blockchain 2021-02-22

Hyperledger isn’t a single blockchain, a crypto exchange, or even an IBM blockchain coin.

It is essentially a technology hub for hyperledger blockchain development for industrial solutions.Hyperledger Blockchain DevelopmentHyperledger is an open-source community dedicated to developing a collection of enterprise-grade blockchain solutions that are secure, efficient, and stable frameworks, tools, and libraries.

It is a joint Linux Foundation initiative that includes leaders in finance, banking, the Internet of Things, supply chains, manufacturing, technology, and more.As with the Linux Foundation, Hyperledger also has a modular project hosting approach.

The greenhouse at Hyperledger hosts the development of blockchain projects, from Hyperledger Labs (seed) to stable code ready for production (fruition).For various distributed ledger frameworks, including Hyperledger Fabric, Sawtooth, Indy, as well as instruments such as Hyperledger Caliper and libraries such as Hyperledger Ursa, it acts as a neutral home.It calls on everyone to contribute to the development of the greenhouse, which essentially jointly increases technology industry goals such as a distributed ledger and smart contracts.Why Choose Hyperledger over Other Blockchain ProjectsTo understand the significance of the creation of Hyperledger blockchain applications, let’s look at the key issues that a business might have with the adoption of blockchain.Privacy and Confidentiality of DataBusinesses have confidential data that, while they need to share it with different organizations, can not be made open to the public at large.

Companies have numerous arrangements with other member organizations that include the exchange of information, but not generally with others, such as public blockchains.Efficient and Fast TransactionsEnterprises have a high volume of transactions but, due to business considerations, do not afford to commit delays for a transaction.Modular Architecture DesignOne size fits all isn’t pragmatic when it comes to business-ready strategies.

Businesses often have processes that need to be leveraged.

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oodles blockchain 2021-05-07

In a dynamic market, sports clubs and organizations are continually looking for new ways to generate revenue.

With the rise of streaming activities and changing fan habits, providing enticing gameday opportunities to improve attendance has become a constant challenge.

Furthermore, with disruptions such as the rapid growth of eSports and the fact that most sporting events are currently held without spectators, clubs must diversify their activities and rethink how they interact with their supporters to increase engagement, membership, loyalty, and reach more international fans.

Smart contracts development between tournament organizers and game developers often eliminates the possibility of game developers not being compensated or complaints about prize money allocation that is unfair.Platforms for Fan Loyalty and EngagementFan loyalty and engagement platforms, which help teams promote a sense of community and belonging among their fans, are another blockchain use case in sports.

Fans can be rewarded for certain actions, such as interacting with clubs’ websites, creating, sharing, and liking content, or through loyalty programs that allow them to accumulate rewards or points to spend on merchandise, tickets, or digital collectibles, through these blockchain-based platforms.

This means that NFTs are “limited edition” collectibles.

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oodles blockchain 2021-03-16

For your blockchain business app development, are you looking to recruit smart contracts developers or outsource development for smart contracts solutions?

Here’s a compact guide to getting your smart contract business ideas off the ground.Smart Contracts DevelopmentUnderstand the distinction between Smart Contracts and Digital ContractsSmart Contracts, like their predecessors such as conventional paper-based contracts, digital contracts, or software systems, ratify a set of legal, technological, or data-conditions contract stipulations between various individuals or entities.But that’s where the resemblances end.

Smart contracts are much more complex than any other type of digital contract because they are deployed on a decentralized platform that runs the blockchain, in contrast to traditional types of contracts.

That’s enough jargon for now.A quick rundown about Blockchain Smart Contracts:The subjective opinions of humans have no bearing on smart contracts.When programmed events “activate” different parts or all of the terms and conditions embedded in the contract, smart contracts use “intelligence” or automated code to enforce conditions.

Since there is no presence of a third party, money is saved.

It makes it devoid of human errorsThey encourage accountability and are open to all.

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oodles blockchain 2021-02-26

The buzz of blockchain technology in the news these days makes it sound like an efficient alternative to address business problems.

In this blog, we assess blockchain supply chain development, including benefits, crucial aspects, use case, and network types.

Initially, blockchain provided frameworks to facilitate transactions with bitcoin without any intermediary involvement.

We find out how it saves us time to learn, test, and analyze the value of operations.Blockchain TechnologyBlockchain is a technology that, with no intermediation of a trusted central entity, can allow validated data communication across most players involved in a supply chain.

Its potential value drivers include increased operational supply chain efficiency and transparency, lowered risk of fraud and grey market trading, enhanced control over the management of outsourced contract management, and more.

RFID, sensors and IoT applications, AI and machine learning, existing ERP, EDI, etc., systems, distributed databases, cloud-based solutions, and more technology integrations are feasible.Use Cases | Blockchain in Supply Chain DevelopmentBlockchain in the Shipping Industry Supply ChainAn established shipping firm piloted blockchain technology for shipment tracking.

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oodles blockchain 2021-02-18

The advent of peer-to-peer mobile payment apps with blockchain has created a new world of cashless, card-free, and pay-contactless transactions.

Blockchain app development for cross-industry fintech applications and use cases range from splitting bills, making remittances, and booking tickets to managing daily expenditures.

Blockchain-built fintech applications are set to transform the way we make online payments with the availability of digital wallets, cryptocurrencies, m-commerce apps, and peer-to-peer payment apps.

Several next-gen peer-to-peer mobile payment apps now support card-less, cash-less, and in some cases, bank-less transactions.So let’s have a look around at mobile peer-to-peer payments systems that are proving to be a revolution on a global scale.A peer-to-peer mobile payment application?At its core, a peer-to-peer (person-to-person) payment app is a mobile application that enables users to perform electronic money transfers.

P2P mobile payment apps have a range of use cases that include:Making a payment to merchant/landlord on the installment basisMaking a payment to cab services, including discount calculationPaying a merchant/landlord in installmentsMaking a friend-to-friend borrowing requestSplitting dinner bills with friendsMaking remittances to people living in other countriesMaking payments for utilities, internet, and other servicesP2P payments are not only limited to geographical locations, i.e users can also perform cross-border transactions.Business applications designed to serve this purposeP2P FX (Foreign Exchange)Person-to-person foreign currency exchange applications aim to bring users together worldwide.

They eliminate intermediaries, such as banks, and brokers, which results in up to 90 percent cost savings on international exchange and transfer fees.P2P Lending PlatformsP2P lending platforms enable users to avail of repayable microloans at lower interest rates than banks.

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oodles blockchain 2021-04-12

Take a look at how the Hyperledger frameworks are used to simplify and improve the efficiency and development of a variety of business use cases across various sectors.Hyperledger is an Excellent Option for Developing your BusinessHyperledger is built with an enterprise-ready mindset in mind.It’s a Linux-based open-source platform sponsored by big industry players like IBM and SAP, as well as leading firms.It includes all of the key features of blockchain, as well as a few extras.Hyperledger offers permissioned blockchain solutions with extra features like a platform for better data security and privacy.There will be no need for public miners’ assistance because the enterprise/consortium will decide where the nodes will be.Hyperledger’s modular design allows it to plug and play various components into the stack based on a company’s specific needs.Integration with other digital technologies is quick, as demonstrated by IBM Watson, SAP Leonardo, and other examples.Use Cases for Hyperledger FrameworksInsurance Data Compliance in Financial ServicesHyperledger Indy offers solutions that streamline and improve regulatory compliance reporting.

Indy provides a secure platform for insurance carriers and regulators to gather and share statistical data.

It simplifies regulatory and compliance requirements for insurers and state insurance departments while ensuring efficiency and accuracy.

Insurers upload data directly to the secure platform, which also complies with state regulations.

Aside from that, all historical and current data is stored on an immutable blockchain ledger.

It also gives regulators permissioned view-only access to the data they need to conduct a compliance audit.After-Sale ServicesFollowing the completion of a trade, post-trade processing entails several activities.

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oodles blockchain 2021-03-11

What’s great about the decentralized ledger when exploited with blockchain app development services is that it allows companies to take control of their destiny.

However, recognizing the technology, deciding how blockchain can be molded to generate value, and creating an approach that captures value early on to finance the journey are all challenges for organizations.

Blockchain is a strong and adaptable new technology that is only now beginning to live up to its potential.

Blockchain, a technology that can foster confidence and lowers transaction costs and is best known for its usage of cryptocurrencies, indeed can transform the way companies function.Apparently, the technology is already being used in business and public applications, including monitoring and tracking products in supply chains, automating customs clearances and facilitating financial transactions.Why Blockchain Consulting?However, business model creativity, operational performance, risk management, and social impact are all needed to capture that value.

Although the opportunities are limitless, but before companies can take advantage of them, they must first answer a few main questions:Should we develop our own permissioned/public blockchain or use one that already exists?What characteristics are important for achieving scale?Will we need an ecosystem of other participants to thrive if we create our solution?

If that’s the case, how do we make sure that enough value is shared to make the journey self-sustaining for all?What are our choices for designing and releasing our solution?What kind of technology stack is required?These are difficult questions to answer, particularly when the technology is complex—and new territory for many business and government leaders.Here, blockchain consulting can play a crucial role by demonstrating how much the distributed ledger impacts the business domain, how it spurs change, and how it shapes the future.Identifying pressure points and coming up with a solutionAnalyzing the market and finding use-cases with a positive return on investmentProfessional guidance and preparation specialist blockchain consultingProcedures ensured progress in executionAlso, Blockchain Consulting is Not StraightforwardMany blockchain implementations fail as a result of a lack of extensive and accessible blockchain consulting services.

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oodles blockchain 2021-02-25

It appears that there is an increased FOMO among people and they want to learn about Blockchain.

Yet no one had heard of the blockchain just 4 years ago.

Throughout the financial services sector, clear evidence indicates that blockchain technology could help allow greater productivity, growth, and competitive advantage.

It is one of the primary delivery innovations that could help connect new-age developments such as wearables, drones, and Internet-of-Things (IoT) connected devices to enterprise technology systems.

The most active innovators are emerging from financial services organizations.

And blockchain has been included by Lloyd’s London Sector as part of their target modernization strategy for the operating model.Other players are exploring possible blockchain solutions in the insurance industry, including Allianz, AIA, New York Life, Mitsui Sumitomo Insurance Company (MSIG), Swiss Re, John Hancock, and Manulife Financial.

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oodles blockchain 2021-02-17

Content producers have relied on a centralized agency to distribute their content and link it to any marketers willing to pay for associated time slots since the dawn of broadcasting, from radio to TV, cable, and streaming.

Now, that could be about to change with blockchain application development for decentralized streaming solutions.

Typically, content providers rely on a supplier of CDN services and pay heavy fees.

A technology that was originally developed to view web pages as quickly as possible, but is not a protocol in real-time to cope with live streaming constraints.

There are several obstacles to communicating with customers and they are mainly connected to economies of scale.

This has the ability in our industry to offer customers more choices in terms of the type and quantity of information they are prepared to share and with whom they share it.This technology can help content producers and marketers directly communicate with customers and completely bypass aggregators and big media companies.

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oodles blockchain 2021-07-08

The amount of data that automobile industry companies must keep track of is expanding, from support for evolving hardware and services to identifying the source and location of defective or counterfeit parts.

With a shared, permissioned record of ownership, location, and movement of parts and items, automotive blockchain solutions development can help build efficiency, transparency, and trust.

Furthermore, the flexibility of blockchain solutions makes them ideal for keeping up with emerging business models.

The Automotive Industry’s Current Issues and how Blockchain Solutions HelpServices for mobilityChallengeCars today are complicated, networked software platforms on wheels, rather than just transportation units.

Vehicles are increasingly required to include secure, seamless mobility services, as well as the ability to handle micropayments and other interactions with ride-sharing services, smart transportation infrastructure, and electric vehicle charging.SolutionWe can build a blockchain-based automobile eWallet that allows for cashless micropayments for tolls, congestion fees, electric charging, parking, and even payments between vehicles.

With permissioned access to the trunk, the system can also allow a vehicle to be utilized as a secure drop point for packages.Supply Chain TransformationChallengeAutomobile manufacture is genuinely international.

oodles blockchain 2021-05-07

In a dynamic market, sports clubs and organizations are continually looking for new ways to generate revenue.

With the rise of streaming activities and changing fan habits, providing enticing gameday opportunities to improve attendance has become a constant challenge.

Furthermore, with disruptions such as the rapid growth of eSports and the fact that most sporting events are currently held without spectators, clubs must diversify their activities and rethink how they interact with their supporters to increase engagement, membership, loyalty, and reach more international fans.

Smart contracts development between tournament organizers and game developers often eliminates the possibility of game developers not being compensated or complaints about prize money allocation that is unfair.Platforms for Fan Loyalty and EngagementFan loyalty and engagement platforms, which help teams promote a sense of community and belonging among their fans, are another blockchain use case in sports.

Fans can be rewarded for certain actions, such as interacting with clubs’ websites, creating, sharing, and liking content, or through loyalty programs that allow them to accumulate rewards or points to spend on merchandise, tickets, or digital collectibles, through these blockchain-based platforms.

This means that NFTs are “limited edition” collectibles.

oodles blockchain 2021-03-24

Globally, governments have failed to prevent the spread of COVID-19 while companies struggle to minimize the impact on their supply chains.

Apple is unable to obtain the next shipment of iPhones, and Tesla has temporarily shut down its factory in China.

The problem is that supply chains have become more fragmented, competitive, and lean as a result of globalization.

Still, yet, features like product tracking, transaction traceability, and end-to-end visibility remain absent.

Our experts at Oodles agree that the creation of blockchain supply chain solutions would be a game-changer at COVID-19.While no country will be fully prepared for a pandemic of this magnitude, there are a few places where interoperable blockchain technology solutions can help.Technology companies and startups have begun testing several technologies based on distributed ledger technology (DLT), such as blockchain.

They’re working on solutions for end-to-end traceable supply chains, medical data sharing interoperability and management, and more.Let’s take a closer look at how blockchain will help you improve the supply chain and plan for a pandemic like COVID-19.Strengthened Supply Chain Digitization with BlockchainBlockchain is the best-suited platform to help businesses leapfrog to trusted digital supply chains.

oodles blockchain 2021-03-16

For your blockchain business app development, are you looking to recruit smart contracts developers or outsource development for smart contracts solutions?

Here’s a compact guide to getting your smart contract business ideas off the ground.Smart Contracts DevelopmentUnderstand the distinction between Smart Contracts and Digital ContractsSmart Contracts, like their predecessors such as conventional paper-based contracts, digital contracts, or software systems, ratify a set of legal, technological, or data-conditions contract stipulations between various individuals or entities.But that’s where the resemblances end.

Smart contracts are much more complex than any other type of digital contract because they are deployed on a decentralized platform that runs the blockchain, in contrast to traditional types of contracts.

That’s enough jargon for now.A quick rundown about Blockchain Smart Contracts:The subjective opinions of humans have no bearing on smart contracts.When programmed events “activate” different parts or all of the terms and conditions embedded in the contract, smart contracts use “intelligence” or automated code to enforce conditions.

Since there is no presence of a third party, money is saved.

It makes it devoid of human errorsThey encourage accountability and are open to all.

oodles blockchain 2021-03-09

Staking or lending crypto assets to produce high returns or incentives in the form of additional cryptocurrency is known as yield farming, an emerging concept in the space of cryptocurrency exchange development and smart contract solutions.

Thanks to new technologies like liquidity mining, this revolutionary but risky and unpredictable application of decentralized finance (DeFi) has exploded in popularity recently.

Yield farming is currently the most important growth factor in the still-developing DeFi sector, helping it to expand from $500 million in market capitalization to $10 billion by 2020.

Yield farming protocols, in short, encourage liquidity providers (LPs) to stake or lock up their crypto assets in a smart contract solution-based liquidity pool.

However, the question is the distribution of these tokens happens while keeping the network decentralized?Distributing these governance tokens algorithmically with liquidity bonuses is a common way to kickstart a decentralized blockchain.

Liquidity providers are enticed to “farm” the new token by providing liquidity to the protocol.Although the COMP didn’t invent yield farming, it did raise the popularity of this form of token distribution model.

oodles blockchain 2021-02-26

The buzz of blockchain technology in the news these days makes it sound like an efficient alternative to address business problems.

In this blog, we assess blockchain supply chain development, including benefits, crucial aspects, use case, and network types.

Initially, blockchain provided frameworks to facilitate transactions with bitcoin without any intermediary involvement.

We find out how it saves us time to learn, test, and analyze the value of operations.Blockchain TechnologyBlockchain is a technology that, with no intermediation of a trusted central entity, can allow validated data communication across most players involved in a supply chain.

Its potential value drivers include increased operational supply chain efficiency and transparency, lowered risk of fraud and grey market trading, enhanced control over the management of outsourced contract management, and more.

RFID, sensors and IoT applications, AI and machine learning, existing ERP, EDI, etc., systems, distributed databases, cloud-based solutions, and more technology integrations are feasible.Use Cases | Blockchain in Supply Chain DevelopmentBlockchain in the Shipping Industry Supply ChainAn established shipping firm piloted blockchain technology for shipment tracking.

oodles blockchain 2021-02-24

Blockchain is a friction-less platform that is currently gaining popularity across various industries, including financial services, BFSI, retail, healthcare, manufacturing, and more.

For staying competitive and meeting the ever-growing consumer needs, market leaders across sectors are exploring technology solutions.

Discover how it enables the processing of payments in a faster, secure, and digitized way.Traditional Payment System ChallengesThe existing payment infrastructure is largely message-based and relies on multi-party file exchange.

For instance, because of this delay, it requires a business initiating a payment to monitor its bank account or bank account statement to get its clearance status.Blockchain Features for Payment Processing AdvancementsPeer-to-Peer Transactions ModelBlockchain is a protocol that runs on top of the Internet, on a peer-to-peer network of computers, all running a real-time data exchange protocol.

From the perspective of global payment services, if payment parties are part of such a scheme, an exchange of payment information (such as clearing & settlement details) will occur in real-time, reducing lags in payment processing & settlement times.

The database gets simultaneously stored across several computers that are part of the network.It ensures a shared view of the same data across the network to all permissioned identities.

oodles blockchain 2021-02-18

The advent of peer-to-peer mobile payment apps with blockchain has created a new world of cashless, card-free, and pay-contactless transactions.

Blockchain app development for cross-industry fintech applications and use cases range from splitting bills, making remittances, and booking tickets to managing daily expenditures.

Blockchain-built fintech applications are set to transform the way we make online payments with the availability of digital wallets, cryptocurrencies, m-commerce apps, and peer-to-peer payment apps.

Several next-gen peer-to-peer mobile payment apps now support card-less, cash-less, and in some cases, bank-less transactions.So let’s have a look around at mobile peer-to-peer payments systems that are proving to be a revolution on a global scale.A peer-to-peer mobile payment application?At its core, a peer-to-peer (person-to-person) payment app is a mobile application that enables users to perform electronic money transfers.

P2P mobile payment apps have a range of use cases that include:Making a payment to merchant/landlord on the installment basisMaking a payment to cab services, including discount calculationPaying a merchant/landlord in installmentsMaking a friend-to-friend borrowing requestSplitting dinner bills with friendsMaking remittances to people living in other countriesMaking payments for utilities, internet, and other servicesP2P payments are not only limited to geographical locations, i.e users can also perform cross-border transactions.Business applications designed to serve this purposeP2P FX (Foreign Exchange)Person-to-person foreign currency exchange applications aim to bring users together worldwide.

They eliminate intermediaries, such as banks, and brokers, which results in up to 90 percent cost savings on international exchange and transfer fees.P2P Lending PlatformsP2P lending platforms enable users to avail of repayable microloans at lower interest rates than banks.

oodles blockchain 2021-07-06

There are 100 exchanges in the same category, and they all have a 24-hour volume of above $1 million.

We’ll also look at the recommended practices to follow to guarantee that your crypto exchange is as secure as possible.Security Concerns | Crypto Exchange PlatformPhishing vulnerabilityEven with the finest technical precautions, protecting crypto exchanges from phishing attempts is tough.

As a result, businesses must guarantee that workers’ credentials for software programs installed not just on company computers but also on their laptops are kept safe and secure.Protections for hot wallets aren’t presentTo safeguard hot wallets, several crypto exchanges utilize single private keys.

However, it should be emphasized that each transaction includes a signature that can be altered before the transaction is closed.Now that we have a better understanding of the different security issues that may occur in any crypto exchange, let’s have a look at some key pointers to guarantee that your crypto exchange is secure!How to Ensure the Security of your Crypto Exchange PlatformCreate a safe environmentIt’s critical to give your database, server-side, and client-side technologies the attention they deserve.

Third-party programs are the only way to keep all of this in check.An impostor posing as a customer injecting harmful malware into your crypto exchange’s environment is the last thing you want.

Because, in the end, your platform will be dealing with third-party funds as a bitcoin exchange.

oodles blockchain 2021-04-12

Take a look at how the Hyperledger frameworks are used to simplify and improve the efficiency and development of a variety of business use cases across various sectors.Hyperledger is an Excellent Option for Developing your BusinessHyperledger is built with an enterprise-ready mindset in mind.It’s a Linux-based open-source platform sponsored by big industry players like IBM and SAP, as well as leading firms.It includes all of the key features of blockchain, as well as a few extras.Hyperledger offers permissioned blockchain solutions with extra features like a platform for better data security and privacy.There will be no need for public miners’ assistance because the enterprise/consortium will decide where the nodes will be.Hyperledger’s modular design allows it to plug and play various components into the stack based on a company’s specific needs.Integration with other digital technologies is quick, as demonstrated by IBM Watson, SAP Leonardo, and other examples.Use Cases for Hyperledger FrameworksInsurance Data Compliance in Financial ServicesHyperledger Indy offers solutions that streamline and improve regulatory compliance reporting.

Indy provides a secure platform for insurance carriers and regulators to gather and share statistical data.

It simplifies regulatory and compliance requirements for insurers and state insurance departments while ensuring efficiency and accuracy.

Insurers upload data directly to the secure platform, which also complies with state regulations.

Aside from that, all historical and current data is stored on an immutable blockchain ledger.

It also gives regulators permissioned view-only access to the data they need to conduct a compliance audit.After-Sale ServicesFollowing the completion of a trade, post-trade processing entails several activities.

oodles blockchain 2021-03-18

Experts claim that crowdfunding platforms have five major advantages: performance, scope, simpler presentation, built-in PR and marketing, and near-immediate idea validation.

Indeed, to date, $34 billion has been raised by crowdfunding campaigns, contributing nearly $65 billion to the global economy, according to estimates.

Traditional Crowdfunding Platform | LimitationsHigh Fees Crowdfunding platforms charge a fee for each project that is mentioned.

This is often a flat fee, at other times it is a proportion of the total funds collected by donors.Stringent Laws and Regulations Not all platforms regard facilities as a feasible project.

Instead, they seek tangible goods.DIY Marketing and Advertisement Sites, with a few exceptions, would not assist in spreading the word about new companies, suggesting that startups must pay for marketing and advertising.Scam Startups In some situations, startups turn out to be scams that deliver nothing, leaving investors with empty hands and no way to recover their fundsIntellectual property risk In some situations, startups lack IP security, leaving them vulnerable to seasoned investors who can take the concept and launch it with all of their money.The Effect of Blockchain on CrowdfundingWith all of the aforementioned drawbacks of current crowdfunding platforms, blockchain technology can be better put to use by offering provable milestones as contingencies forgiving, with smart contracts solutions releasing funds only until milestones prove that the money is being used as intended.Crowdfunding will become a more acceptable means of funding a wide range of initiatives and causes by offering greater oversight into individual campaigns and lowering the amount of confidence needed to donate with a good conscience.The inherent benefits of blockchain technology will aid and boost crowdfunding in a variety of ways.Enhanced Equity AccessibilityInstead of using crowdfunding to allow pre-orders of upcoming tangible goods, blockchain may use asset tokenization to offer investors equity or some other form of ownership.

This has the potential to open up entirely new investment opportunities.Worldwide AvailabilityAny project that uses a blockchain-based crowdfunding model has a chance to succeed.

oodles blockchain 2021-03-11

What’s great about the decentralized ledger when exploited with blockchain app development services is that it allows companies to take control of their destiny.

However, recognizing the technology, deciding how blockchain can be molded to generate value, and creating an approach that captures value early on to finance the journey are all challenges for organizations.

Blockchain is a strong and adaptable new technology that is only now beginning to live up to its potential.

Blockchain, a technology that can foster confidence and lowers transaction costs and is best known for its usage of cryptocurrencies, indeed can transform the way companies function.Apparently, the technology is already being used in business and public applications, including monitoring and tracking products in supply chains, automating customs clearances and facilitating financial transactions.Why Blockchain Consulting?However, business model creativity, operational performance, risk management, and social impact are all needed to capture that value.

Although the opportunities are limitless, but before companies can take advantage of them, they must first answer a few main questions:Should we develop our own permissioned/public blockchain or use one that already exists?What characteristics are important for achieving scale?Will we need an ecosystem of other participants to thrive if we create our solution?

If that’s the case, how do we make sure that enough value is shared to make the journey self-sustaining for all?What are our choices for designing and releasing our solution?What kind of technology stack is required?These are difficult questions to answer, particularly when the technology is complex—and new territory for many business and government leaders.Here, blockchain consulting can play a crucial role by demonstrating how much the distributed ledger impacts the business domain, how it spurs change, and how it shapes the future.Identifying pressure points and coming up with a solutionAnalyzing the market and finding use-cases with a positive return on investmentProfessional guidance and preparation specialist blockchain consultingProcedures ensured progress in executionAlso, Blockchain Consulting is Not StraightforwardMany blockchain implementations fail as a result of a lack of extensive and accessible blockchain consulting services.

oodles blockchain 2021-03-03

Whether it’s in ride-sharing, manufacturing, vehicle tracking, or the emerging electric car industry, blockchain automotive solutions are gaining significant traction.

The automotive industry is grappling with a rapidly evolving market environment, which involves a rapid and profound change fuelled by changing consumer technology.

Oodles’ seasoned team is familiar with the automotive industry’s most pressing problems and how to solve them with blockchain.

Indeed, they can only append it.

The advantage is that ledger access can be limited to only those you choose to have access to it.

Each block also contains the previous block’s hash value, forming a non-changeable connected chain of blocks.

oodles blockchain 2021-02-25

It appears that there is an increased FOMO among people and they want to learn about Blockchain.

Yet no one had heard of the blockchain just 4 years ago.

Throughout the financial services sector, clear evidence indicates that blockchain technology could help allow greater productivity, growth, and competitive advantage.

It is one of the primary delivery innovations that could help connect new-age developments such as wearables, drones, and Internet-of-Things (IoT) connected devices to enterprise technology systems.

The most active innovators are emerging from financial services organizations.

And blockchain has been included by Lloyd’s London Sector as part of their target modernization strategy for the operating model.Other players are exploring possible blockchain solutions in the insurance industry, including Allianz, AIA, New York Life, Mitsui Sumitomo Insurance Company (MSIG), Swiss Re, John Hancock, and Manulife Financial.

oodles blockchain 2021-02-22

Hyperledger isn’t a single blockchain, a crypto exchange, or even an IBM blockchain coin.

It is essentially a technology hub for hyperledger blockchain development for industrial solutions.Hyperledger Blockchain DevelopmentHyperledger is an open-source community dedicated to developing a collection of enterprise-grade blockchain solutions that are secure, efficient, and stable frameworks, tools, and libraries.

It is a joint Linux Foundation initiative that includes leaders in finance, banking, the Internet of Things, supply chains, manufacturing, technology, and more.As with the Linux Foundation, Hyperledger also has a modular project hosting approach.

The greenhouse at Hyperledger hosts the development of blockchain projects, from Hyperledger Labs (seed) to stable code ready for production (fruition).For various distributed ledger frameworks, including Hyperledger Fabric, Sawtooth, Indy, as well as instruments such as Hyperledger Caliper and libraries such as Hyperledger Ursa, it acts as a neutral home.It calls on everyone to contribute to the development of the greenhouse, which essentially jointly increases technology industry goals such as a distributed ledger and smart contracts.Why Choose Hyperledger over Other Blockchain ProjectsTo understand the significance of the creation of Hyperledger blockchain applications, let’s look at the key issues that a business might have with the adoption of blockchain.Privacy and Confidentiality of DataBusinesses have confidential data that, while they need to share it with different organizations, can not be made open to the public at large.

Companies have numerous arrangements with other member organizations that include the exchange of information, but not generally with others, such as public blockchains.Efficient and Fast TransactionsEnterprises have a high volume of transactions but, due to business considerations, do not afford to commit delays for a transaction.Modular Architecture DesignOne size fits all isn’t pragmatic when it comes to business-ready strategies.

Businesses often have processes that need to be leveraged.

oodles blockchain 2021-02-17

Content producers have relied on a centralized agency to distribute their content and link it to any marketers willing to pay for associated time slots since the dawn of broadcasting, from radio to TV, cable, and streaming.

Now, that could be about to change with blockchain application development for decentralized streaming solutions.

Typically, content providers rely on a supplier of CDN services and pay heavy fees.

A technology that was originally developed to view web pages as quickly as possible, but is not a protocol in real-time to cope with live streaming constraints.

There are several obstacles to communicating with customers and they are mainly connected to economies of scale.

This has the ability in our industry to offer customers more choices in terms of the type and quantity of information they are prepared to share and with whom they share it.This technology can help content producers and marketers directly communicate with customers and completely bypass aggregators and big media companies.