Distributed Ledgers: Possibilities and Challenges in Capital Markets Applicat...Cognizant
Distributed ledgers - blockchain technology - stands to make numerous financial services activities more secure, autonomous, and efficient. Here's a walk-through of a range of potential use cases: IPO issuance, trade agreements and settlements, confirmations, etc. and a strategy for transition.
Blockchain's Smart Contracts: Driving the Next Wave of Innovation Across Manu...Cognizant
Blockchain technology has the potential to fundamentally change manufacturing supply chains by enabling trusted relationships and transactions between partners without intermediaries. Smart contracts on blockchain platforms can automate negotiations and transactions, reducing costs while increasing efficiency and agility. Early applications include smart contracts that automate procurement transactions between suppliers and buyers, and smart equipment that can automatically order replenishments. Widespread use of blockchain in manufacturing will require overcoming challenges of integrating new decentralized technologies with existing systems and evaluating technology maturity.
Smart contracts are programs stored on a blockchain that automatically execute the terms of an agreement. They consist of conditions and rules that are triggered when contract terms are met. The concept of smart contracts was first introduced in 1994 as a way to make electronic transactions more transparent and efficient. Today, smart contracts are written in programming languages like Solidity and power applications on blockchain networks, allowing them to automate processes in industries like finance, real estate, and supply chains. The document promotes certification courses from the Blockchain Council for individuals to develop skills in creating smart contracts and building careers in the blockchain field.
Blockchain startup Marketpay provides escrow payment services to enable secure transactions on marketplaces and sharing economy platforms. It uses Ethereum smart contracts to automate escrow releases upon delivery confirmation. While blockchain technology is still emerging, use cases like Marketpay's escrow payments demonstrate how it can facilitate transactions with transparency and without the need for centralized intermediaries.
Smart Contract is one of the greatest features supported by revolutionary Blockchain Technology. It is because of smart contracts blockchain is finding its adoption in every sector and going to create disruption in the way we are going to do exchange among each other.
This ppt covers basics about what is smart contracts and its use cases.
This document discusses the potential for blockchain and robotic process automation (RPA) technologies to transform the telecommunications industry. It provides examples of telcos like Sprint, Orange, and Du that are adopting blockchain to improve fraud management, identity services, and 5G implementation. RPA is discussed as a way for telcos like Telefonica O2 to automate back office processes, reducing costs and improving customer service. The document argues that blockchain and RPA, when properly implemented, can help telcos streamline operations, reduce costs, and develop new revenue streams in areas like IoT and digital transactions.
Blockchain technology has the potential to transform the commercial insurance broking industry by creating provable trust between parties and driving operational excellence. By implementing blockchain-enabled smart contracts, brokers can streamline back-office processes, reduce costs, speed up transactions and settlements, and eliminate the need for reconciliation between different systems. This allows brokers to shift focus from administrative tasks to more value-added activities. Blockchain provides transparency, security, and automation that can replace the traditional model of trust through handshakes and relationships.
Blockchain Artificial Intelligence and Robotics - How Technology Will Simplif...Rich Knudsen
The document discusses how emerging technologies such as blockchain, artificial intelligence, and robotics could revolutionize federal procurement processes. It describes a proof of concept by the US General Services Administration that automated procurement using these technologies, reducing contract award time from 100 days to less than 10 days. The document argues that blockchain provides a secure and transparent foundation for widespread automation of procurement while preserving integrity, fairness, and openness.
Distributed Ledgers: Possibilities and Challenges in Capital Markets Applicat...Cognizant
Distributed ledgers - blockchain technology - stands to make numerous financial services activities more secure, autonomous, and efficient. Here's a walk-through of a range of potential use cases: IPO issuance, trade agreements and settlements, confirmations, etc. and a strategy for transition.
Blockchain's Smart Contracts: Driving the Next Wave of Innovation Across Manu...Cognizant
Blockchain technology has the potential to fundamentally change manufacturing supply chains by enabling trusted relationships and transactions between partners without intermediaries. Smart contracts on blockchain platforms can automate negotiations and transactions, reducing costs while increasing efficiency and agility. Early applications include smart contracts that automate procurement transactions between suppliers and buyers, and smart equipment that can automatically order replenishments. Widespread use of blockchain in manufacturing will require overcoming challenges of integrating new decentralized technologies with existing systems and evaluating technology maturity.
Smart contracts are programs stored on a blockchain that automatically execute the terms of an agreement. They consist of conditions and rules that are triggered when contract terms are met. The concept of smart contracts was first introduced in 1994 as a way to make electronic transactions more transparent and efficient. Today, smart contracts are written in programming languages like Solidity and power applications on blockchain networks, allowing them to automate processes in industries like finance, real estate, and supply chains. The document promotes certification courses from the Blockchain Council for individuals to develop skills in creating smart contracts and building careers in the blockchain field.
Blockchain startup Marketpay provides escrow payment services to enable secure transactions on marketplaces and sharing economy platforms. It uses Ethereum smart contracts to automate escrow releases upon delivery confirmation. While blockchain technology is still emerging, use cases like Marketpay's escrow payments demonstrate how it can facilitate transactions with transparency and without the need for centralized intermediaries.
Smart Contract is one of the greatest features supported by revolutionary Blockchain Technology. It is because of smart contracts blockchain is finding its adoption in every sector and going to create disruption in the way we are going to do exchange among each other.
This ppt covers basics about what is smart contracts and its use cases.
This document discusses the potential for blockchain and robotic process automation (RPA) technologies to transform the telecommunications industry. It provides examples of telcos like Sprint, Orange, and Du that are adopting blockchain to improve fraud management, identity services, and 5G implementation. RPA is discussed as a way for telcos like Telefonica O2 to automate back office processes, reducing costs and improving customer service. The document argues that blockchain and RPA, when properly implemented, can help telcos streamline operations, reduce costs, and develop new revenue streams in areas like IoT and digital transactions.
Blockchain technology has the potential to transform the commercial insurance broking industry by creating provable trust between parties and driving operational excellence. By implementing blockchain-enabled smart contracts, brokers can streamline back-office processes, reduce costs, speed up transactions and settlements, and eliminate the need for reconciliation between different systems. This allows brokers to shift focus from administrative tasks to more value-added activities. Blockchain provides transparency, security, and automation that can replace the traditional model of trust through handshakes and relationships.
Blockchain Artificial Intelligence and Robotics - How Technology Will Simplif...Rich Knudsen
The document discusses how emerging technologies such as blockchain, artificial intelligence, and robotics could revolutionize federal procurement processes. It describes a proof of concept by the US General Services Administration that automated procurement using these technologies, reducing contract award time from 100 days to less than 10 days. The document argues that blockchain provides a secure and transparent foundation for widespread automation of procurement while preserving integrity, fairness, and openness.
How Salesforce is marking its stance with Blockchain TechnologySolunus, Inc.
Blockchain is one such technology that has given us a brand new reason to be happy and feel secure in this data-driven era. Learn more about how Salesforce is marking its stance with Blockchain Technology.
Our latest quarterly "State of Blockchains" report on developments in the blockchains space, across startups, government and corporate adoption. This information has been provided to help build knowledge and understanding in the emerging blockchain and DLT space.
All about Blockchain Technology and it's applications in Finance functionvinodavg
Blockchain technology is a vast, distributed ledger, operating on millions of devices, recording anything, with identical copies maintained on each of the network computers. When a new transaction or an edit to an existing transaction comes in, generally a majority of the nodes within a blockchain network must execute some algorithms and essentially evaluate and verify the history of the transaction that is proposed and come to a consensus that the history and signature is valid, then the new transaction is accepted into the ledger. If a majority of nodes do not concede to the addition or modification of the ledger entry, then it is denied and not added to the chain. All the members can review previous entries and record new transactions. These are then grouped into ‘blocks’, which then form part of a ‘chain’, thus leading to a ‘blockchain’
2018 has been a roller-coaster ride for blockchain technology mostly at the hands of cryptocurrencies – blockchain’s main beneficiary. Extreme price volatility, unsuccessful ICOs, fraud, cyber security issues, and negative press around cryptocurrency would have all but killed most emerging technologies. But not blockchain.
Blockchain is entering into a new evolutionary phase with the help of tech giants like IBM, Amazon and Google who recognize the wider applicability of blockchain as a game changer in data storage, commerce, and security. Even cryptocurrency is showing promising signs as it moves out of the domain of overnight Bitcoin millionaires (and more who have lost fortunes when speculating on cryptocurrencies) to risk averse financial heavyweights such as Goldman Sachs and JP Morgan. Like the Internet, e-commerce, social media, and cloud computing before it, blockchain is on a fast track to become a ubiquitous technology.
GeeqChain uses an entirely new consensus approach to validate transactions.
OurproprietaryProofofHonestyTM (PoH)TM protocolsolvesthethreekeyproblemswith existing platforms:
Security: GeeqChain offers better than 99% BFT in its simplest version. When a protocol based on economic mechanism design is added, GeeqChain offers 100% BFT.
Cost: GeeqChain can securely validate transactions at a cost of $.0006 each using a network of 100 nodes.
Scalability: A single GeeqChain instance can easily validate 40 transactions per second. Federated instances of GeeqChain allow infinite scalability.
How Retirement Services Providers Can Tap Blockchain Thinking and TechnologyCognizant
Blockchain's peer-to-peer transference technology offers numerous benefits - digital trust, operational improvement and cost reduction, enhanced customer experience, and business resilience. We offer a vision of blockchain technology's potential applications - experimental use cases - for the retirement services industry.
These slides cover the basics of Permissionless & Permissioned blockchain and also a guide on when to select a blockchain solution ( immutable ledger) over regular databases.
Blockchain has the potential to significantly transform and improve operations in the telecom industry. It can strengthen network infrastructure by providing a secure and decentralized platform. All data transactions would be cryptographically sealed, improving data security, integrity, and preventing tampering. Settlements and issue resolutions between partners could also be done in real-time through the distributed ledger. Blockchain implementations like smart contracts and document verification systems could further automate processes and simplify KYC procedures in the telecom industry. Widespread adoption of private blockchain networks would allow greater transparency, collaboration and faster validation of data among telecom industry participants.
Smart Contract Audit Services | Smart Contracts Development CompanyCodezeros
Codezeros is the Smart Contracts Development Company for Private and Public Blockchain Networks. We have a team of smart contract auditors, senior smart contract auditors amongst other blockchain developers who conduct a deep analysis to avoid any loopholes in your project. We work for different industry verticals such as healthcare, supply chain, government, and others.
Digital assets are on the verge of becoming the next big thing in the market. Companies are getting prepared for digital assets with Blockchain technology. Blockchain technology will help companies to manage and keep control over digital assets. This technology will help in transacting and trading digital assets in real-time.
Blockchain technology enables new and disruptive business models as well as the opportunity to dramatically improve efficiency in existing business models across multiple industries from financial services to logistics to pharmaceuticals. This presentation describes these opportunities and how businesses can implement them.
The ERP of the Future : Blockchain of Things
Tinal Parikh
Department of Computer Science, Shri Chimanbhai Patel Post Graduate Institute of Computer Applications, Gujarat
Technological University, Ahmedabad, Gujarat, India
ABSTRACT
The surge of savvy advancements in all spaces of human action opens new opportunities for the improvement
of business forms. Things that appeared to be inconceivable 15-20 years back, for example, swift online
payments, e-banking and virtual cash, have turned into a piece of our regular day to day existence. Rising and
creating cryptographic forms of money give us significantly more potential outcomes. One of them is
Blockchain advancement, which authorizes clients towards profit related trades without commission charges.
We are toward the begin of enterprise resource planning (ERP) computerized change with the presentation of
blockchain innovation, best known as a digital ledger (distributed database) behind digital money. The
fundamental distinctive component of the innovation is the absence of a single centralized base for data storage.
All the data is distributed between interconnected blocks, which are joined into a chain utilizing complicated
algorithms. Each block stores its own snippet of data. New blocks can be added to the complete of this chain,
yet they can't be changed after including. This gives the most elevated amount of security and hack-protection.
The upright of blockchain was recognized early on, but like most innovation, it took a while for the more
extensive market to comprehend what a major jump forward it was in making a workable model of aggregate
system straightforwardness that encourages profound shared trust of a framework which has no 'proprietor.'
This is the reason dialogs of blockchain have made so much premium as of late in the money related world,
with calm voices now saying blockchain has turned into a 'major open door' for bookkeeping and finance.
Blockchain might be the free innovation that associates your item to the end client. Blockchain will encourage
the development of key information alongside the status of the shipment. Blockchain empowers quick, modest
and frictionless procedures within organisations, and between organisations and their partners, e.g. through
near real-time settlement, enhanced data sharing, reliable tracing of any record or other thing, moment
verifications of any piece of a procedure happening and less possibility of mistake and misrepresentation. The
industries that will profit by blockchain innovation include: land, fintech and banking, medicinal services,
transportation, urban arranging, smart energy, digital commerce and tourism.
Keywords : Blockchain, Technology, ERP, Cryptocurrencies, Enterprise Resource Planning
This decentralized software system is now operational. It is expected that financial transactions and product distribution would be discussed. There will also be presentations on virtual rights management and information processing technologies, among other topics. Smart contracts may make it possible to transmit data selectively, protecting personal information in certain cases.
This document discusses the future of fintech in capital markets. It outlines 5 key themes: 1) Core market infrastructure like blockchain could transform exchanges through decentralization. 2) Post-trade digitization could automate compliance and risk management. 3) AI and analytics could leverage massive data for predictions. 4) Investment technology could digitize decisions and shift to passive investments. 5) Alternative funding platforms could provide new models for individuals and SMEs to access capital. The document argues that partnerships between financial market infrastructure providers and fintechs could leverage each other's scale, expertise, and innovative technologies to transform the industry.
“Over the past two decades, the Internet has
revolutionized many aspects of business and
society... Yet the basic mechanics of how people
and organizations execute transactions… have
not been updated for the 21st century. Blockchain
could bring to those processes the openness and
efficiency we have come to expect
in the Internet Era.”
—Arvind Krishna
Senior VP, IBM Research
The document discusses how digital transformation is requiring banks to innovate and improve the customer experience across multiple channels in order to remain competitive. It outlines some of the key challenges banks face in terms of budget constraints that limit their ability to invest in innovation. The document proposes that banks can free up resources for innovation by first lowering costs on existing "run the bank" operations through technologies like cloud computing. This would allow banks to shift more of their IT budget to "change the bank" projects that modernize applications and improve customer-centric services. The document advocates for a multi-layer architecture and roadmap to help banks achieve operational efficiencies while also enhancing the customer experience and driving new revenue opportunities through digital transformation.
This document provides an overview of smart contracts and blockchain technology. It defines smart contracts as digitally automated agreements between multiple parties that are enforced by code and stored immutably on blockchain. There are three types of smart contracts: value to value exchanges, value to service exchanges, and service to service exchanges. The document also outlines key considerations in developing smart contracts such as defining success and failure conditions, handling upgrades, and addressing security risks. It concludes by emphasizing the importance of planning well and keeping smart contracts simple.
How Blockchain App Development is Paving the Way for the FutureDamco Solutions
Blockchain applications can serve as a trading and financing instrument to ensure distributed ledger-backed payments. Finance and Banking services have taken a lead in Blockchain app development. For more in detail, please visit - https://www.damcogroup.com/blogs/how-blockchain-app-development-is-paving-the-way-for-the-future/
Blockchain applications in payments and fintechPenser
An overview of blockchain applications in the payments and fintech industry, with recent examples. For full article, see - https://www.penser.co.uk/blockchain-applications-payments-fintech/
Smart Contracts are a central component to next-generation blockchain platforms. Blockchain technology is much broader than just bitcoin. The sustained levels of robust security achieved by public cryptocurrencies have demonstrated to the world that this new wave of blockchain technologies can provide efficiencies and intangible technological benefits very similar to what the internet has done.
Blockchains are a very powerful technology, capable of going much further than only "simple" financial transaction; a technology capable of performing complex operations, capable of understanding much more than just how many bitcoins one currently has in his digital wallet.
This is where the idea of Smart Contracts come in. Smart Contracts are in the process of becoming a cornerstone for enterprise blockchain applications and will likely become one of the pillars of blockchain technology.
In this presentation, we will explore what a smart contract is, how it works, and how it is being used.
Trust is the fundamental currency of commerce, leading to the development of smart contracts for the digital economy. Smart contracts are coded transaction protocols that execute the terms of an agreement automatically when consensus conditions are met. They aim to facilitate transactions with more efficiency, trustworthiness, and transparency than traditional contracts by eliminating third parties. Oracles allow smart contracts to access external data needed to control execution by retrieving and delivering off-chain data to decentralized applications.
Trust is the fundamental currency of commerce, leading to the development of smart contracts for the digital economy. Smart contracts are coded transaction protocols that execute the terms of an agreement automatically when consensus conditions are met. They aim to facilitate transactions with more efficiency, trustworthiness, and transparency than traditional contracts by eliminating third parties. Oracles allow smart contracts to access external data needed to control execution by retrieving and delivering off-chain data to decentralized applications.
How Salesforce is marking its stance with Blockchain TechnologySolunus, Inc.
Blockchain is one such technology that has given us a brand new reason to be happy and feel secure in this data-driven era. Learn more about how Salesforce is marking its stance with Blockchain Technology.
Our latest quarterly "State of Blockchains" report on developments in the blockchains space, across startups, government and corporate adoption. This information has been provided to help build knowledge and understanding in the emerging blockchain and DLT space.
All about Blockchain Technology and it's applications in Finance functionvinodavg
Blockchain technology is a vast, distributed ledger, operating on millions of devices, recording anything, with identical copies maintained on each of the network computers. When a new transaction or an edit to an existing transaction comes in, generally a majority of the nodes within a blockchain network must execute some algorithms and essentially evaluate and verify the history of the transaction that is proposed and come to a consensus that the history and signature is valid, then the new transaction is accepted into the ledger. If a majority of nodes do not concede to the addition or modification of the ledger entry, then it is denied and not added to the chain. All the members can review previous entries and record new transactions. These are then grouped into ‘blocks’, which then form part of a ‘chain’, thus leading to a ‘blockchain’
2018 has been a roller-coaster ride for blockchain technology mostly at the hands of cryptocurrencies – blockchain’s main beneficiary. Extreme price volatility, unsuccessful ICOs, fraud, cyber security issues, and negative press around cryptocurrency would have all but killed most emerging technologies. But not blockchain.
Blockchain is entering into a new evolutionary phase with the help of tech giants like IBM, Amazon and Google who recognize the wider applicability of blockchain as a game changer in data storage, commerce, and security. Even cryptocurrency is showing promising signs as it moves out of the domain of overnight Bitcoin millionaires (and more who have lost fortunes when speculating on cryptocurrencies) to risk averse financial heavyweights such as Goldman Sachs and JP Morgan. Like the Internet, e-commerce, social media, and cloud computing before it, blockchain is on a fast track to become a ubiquitous technology.
GeeqChain uses an entirely new consensus approach to validate transactions.
OurproprietaryProofofHonestyTM (PoH)TM protocolsolvesthethreekeyproblemswith existing platforms:
Security: GeeqChain offers better than 99% BFT in its simplest version. When a protocol based on economic mechanism design is added, GeeqChain offers 100% BFT.
Cost: GeeqChain can securely validate transactions at a cost of $.0006 each using a network of 100 nodes.
Scalability: A single GeeqChain instance can easily validate 40 transactions per second. Federated instances of GeeqChain allow infinite scalability.
How Retirement Services Providers Can Tap Blockchain Thinking and TechnologyCognizant
Blockchain's peer-to-peer transference technology offers numerous benefits - digital trust, operational improvement and cost reduction, enhanced customer experience, and business resilience. We offer a vision of blockchain technology's potential applications - experimental use cases - for the retirement services industry.
These slides cover the basics of Permissionless & Permissioned blockchain and also a guide on when to select a blockchain solution ( immutable ledger) over regular databases.
Blockchain has the potential to significantly transform and improve operations in the telecom industry. It can strengthen network infrastructure by providing a secure and decentralized platform. All data transactions would be cryptographically sealed, improving data security, integrity, and preventing tampering. Settlements and issue resolutions between partners could also be done in real-time through the distributed ledger. Blockchain implementations like smart contracts and document verification systems could further automate processes and simplify KYC procedures in the telecom industry. Widespread adoption of private blockchain networks would allow greater transparency, collaboration and faster validation of data among telecom industry participants.
Smart Contract Audit Services | Smart Contracts Development CompanyCodezeros
Codezeros is the Smart Contracts Development Company for Private and Public Blockchain Networks. We have a team of smart contract auditors, senior smart contract auditors amongst other blockchain developers who conduct a deep analysis to avoid any loopholes in your project. We work for different industry verticals such as healthcare, supply chain, government, and others.
Digital assets are on the verge of becoming the next big thing in the market. Companies are getting prepared for digital assets with Blockchain technology. Blockchain technology will help companies to manage and keep control over digital assets. This technology will help in transacting and trading digital assets in real-time.
Blockchain technology enables new and disruptive business models as well as the opportunity to dramatically improve efficiency in existing business models across multiple industries from financial services to logistics to pharmaceuticals. This presentation describes these opportunities and how businesses can implement them.
The ERP of the Future : Blockchain of Things
Tinal Parikh
Department of Computer Science, Shri Chimanbhai Patel Post Graduate Institute of Computer Applications, Gujarat
Technological University, Ahmedabad, Gujarat, India
ABSTRACT
The surge of savvy advancements in all spaces of human action opens new opportunities for the improvement
of business forms. Things that appeared to be inconceivable 15-20 years back, for example, swift online
payments, e-banking and virtual cash, have turned into a piece of our regular day to day existence. Rising and
creating cryptographic forms of money give us significantly more potential outcomes. One of them is
Blockchain advancement, which authorizes clients towards profit related trades without commission charges.
We are toward the begin of enterprise resource planning (ERP) computerized change with the presentation of
blockchain innovation, best known as a digital ledger (distributed database) behind digital money. The
fundamental distinctive component of the innovation is the absence of a single centralized base for data storage.
All the data is distributed between interconnected blocks, which are joined into a chain utilizing complicated
algorithms. Each block stores its own snippet of data. New blocks can be added to the complete of this chain,
yet they can't be changed after including. This gives the most elevated amount of security and hack-protection.
The upright of blockchain was recognized early on, but like most innovation, it took a while for the more
extensive market to comprehend what a major jump forward it was in making a workable model of aggregate
system straightforwardness that encourages profound shared trust of a framework which has no 'proprietor.'
This is the reason dialogs of blockchain have made so much premium as of late in the money related world,
with calm voices now saying blockchain has turned into a 'major open door' for bookkeeping and finance.
Blockchain might be the free innovation that associates your item to the end client. Blockchain will encourage
the development of key information alongside the status of the shipment. Blockchain empowers quick, modest
and frictionless procedures within organisations, and between organisations and their partners, e.g. through
near real-time settlement, enhanced data sharing, reliable tracing of any record or other thing, moment
verifications of any piece of a procedure happening and less possibility of mistake and misrepresentation. The
industries that will profit by blockchain innovation include: land, fintech and banking, medicinal services,
transportation, urban arranging, smart energy, digital commerce and tourism.
Keywords : Blockchain, Technology, ERP, Cryptocurrencies, Enterprise Resource Planning
This decentralized software system is now operational. It is expected that financial transactions and product distribution would be discussed. There will also be presentations on virtual rights management and information processing technologies, among other topics. Smart contracts may make it possible to transmit data selectively, protecting personal information in certain cases.
This document discusses the future of fintech in capital markets. It outlines 5 key themes: 1) Core market infrastructure like blockchain could transform exchanges through decentralization. 2) Post-trade digitization could automate compliance and risk management. 3) AI and analytics could leverage massive data for predictions. 4) Investment technology could digitize decisions and shift to passive investments. 5) Alternative funding platforms could provide new models for individuals and SMEs to access capital. The document argues that partnerships between financial market infrastructure providers and fintechs could leverage each other's scale, expertise, and innovative technologies to transform the industry.
“Over the past two decades, the Internet has
revolutionized many aspects of business and
society... Yet the basic mechanics of how people
and organizations execute transactions… have
not been updated for the 21st century. Blockchain
could bring to those processes the openness and
efficiency we have come to expect
in the Internet Era.”
—Arvind Krishna
Senior VP, IBM Research
The document discusses how digital transformation is requiring banks to innovate and improve the customer experience across multiple channels in order to remain competitive. It outlines some of the key challenges banks face in terms of budget constraints that limit their ability to invest in innovation. The document proposes that banks can free up resources for innovation by first lowering costs on existing "run the bank" operations through technologies like cloud computing. This would allow banks to shift more of their IT budget to "change the bank" projects that modernize applications and improve customer-centric services. The document advocates for a multi-layer architecture and roadmap to help banks achieve operational efficiencies while also enhancing the customer experience and driving new revenue opportunities through digital transformation.
This document provides an overview of smart contracts and blockchain technology. It defines smart contracts as digitally automated agreements between multiple parties that are enforced by code and stored immutably on blockchain. There are three types of smart contracts: value to value exchanges, value to service exchanges, and service to service exchanges. The document also outlines key considerations in developing smart contracts such as defining success and failure conditions, handling upgrades, and addressing security risks. It concludes by emphasizing the importance of planning well and keeping smart contracts simple.
How Blockchain App Development is Paving the Way for the FutureDamco Solutions
Blockchain applications can serve as a trading and financing instrument to ensure distributed ledger-backed payments. Finance and Banking services have taken a lead in Blockchain app development. For more in detail, please visit - https://www.damcogroup.com/blogs/how-blockchain-app-development-is-paving-the-way-for-the-future/
Blockchain applications in payments and fintechPenser
An overview of blockchain applications in the payments and fintech industry, with recent examples. For full article, see - https://www.penser.co.uk/blockchain-applications-payments-fintech/
Smart Contracts are a central component to next-generation blockchain platforms. Blockchain technology is much broader than just bitcoin. The sustained levels of robust security achieved by public cryptocurrencies have demonstrated to the world that this new wave of blockchain technologies can provide efficiencies and intangible technological benefits very similar to what the internet has done.
Blockchains are a very powerful technology, capable of going much further than only "simple" financial transaction; a technology capable of performing complex operations, capable of understanding much more than just how many bitcoins one currently has in his digital wallet.
This is where the idea of Smart Contracts come in. Smart Contracts are in the process of becoming a cornerstone for enterprise blockchain applications and will likely become one of the pillars of blockchain technology.
In this presentation, we will explore what a smart contract is, how it works, and how it is being used.
Trust is the fundamental currency of commerce, leading to the development of smart contracts for the digital economy. Smart contracts are coded transaction protocols that execute the terms of an agreement automatically when consensus conditions are met. They aim to facilitate transactions with more efficiency, trustworthiness, and transparency than traditional contracts by eliminating third parties. Oracles allow smart contracts to access external data needed to control execution by retrieving and delivering off-chain data to decentralized applications.
Trust is the fundamental currency of commerce, leading to the development of smart contracts for the digital economy. Smart contracts are coded transaction protocols that execute the terms of an agreement automatically when consensus conditions are met. They aim to facilitate transactions with more efficiency, trustworthiness, and transparency than traditional contracts by eliminating third parties. Oracles allow smart contracts to access external data needed to control execution by retrieving and delivering off-chain data to decentralized applications.
The Benefits Of Smart Contracts Development Explored And Explained Flexsin
Will you want to invest your time and money in a smart contract development company? connect with our team of smart contract developers and help your business write faultless smart contracts.
We help you write smart contracts that can introduce a new level of trust in your use cases.
https://flexsinmrkt1.livejournal.com/622.html
OVERVIEW OF SMART CONTRACT IN BLOCKCHAIN TECHNOLOGYIRJET Journal
The document discusses smart contracts in blockchain technology. It begins with an introduction to blockchain and how blocks are chained together in chronological order. It then discusses smart contracts, which are executable codes that run on blockchains and facilitate agreements between untrusting parties without a third party. The document outlines the architecture of smart contracts, including the user interface, database, backend, and smart contract components. It provides an example of how a smart contract would process a payment and verify the data through a unique payment ID. In conclusion, the document discusses how smart contracts eliminate human error and can automate tasks through computer execution on blockchain platforms.
Trust is the fundamental currency of Commerce”, hence the need for Smart Contracts in Digital Economy, welcome to Smart Contracts!!!
Smart Contracts are coded transaction protocols that execute the terms of an agreement (contract) when the terms of the contract called Consensus are met
They run on the blockchain, they are stored on Public database/s (Public Blockchain) and cannot be changed when deployed (Highly Immutable). They are self-enforceable, self-executing, legally binding (Code Law) digital representation of a traditional contract, designed to facilitate, transactions between parties.
Smart Contracts are the Building Blocks for Decentralized and Digital Free Markets and Economy.
Oracles are the interface, suites or gateways used to get (Request or Receive) External Data (off-chain data) by the smart contracts. Oracles are an important component of the smart contract ecosystem.
https://www.meetup.com/bitcoin-barcelona/events/236961113/?eventId=236961113&chapter_analytics_code=UA-68616111-1
What is a "Smart Contract"?
What Smart Contracts are useful for?
How to improve business processes using Smart Contracts?
Smart contract is a decentralized application that executes business logic in response to events. Smart contract execution can result in the exchange of money, delivery of services, unlocking of content protected by digital rights management or other types of data manipulation such as changing the name on a land title. Smart contracts can also be used to enforce privacy protection by, for example, facilitating the selective release of privacy-protected data to meet a specific request in Nadcab technology
The document discusses using blockchain and IoT technologies to manage shared resources between untrusted parties without intermediaries. It describes use cases like tracking shipments between multiple parties or managing shared energy resources. It then explains the key technologies involved - blockchains provide a decentralized ledger to immutably record transactions, smart contracts enable automating agreements, and IoT devices connected via MQTT can integrate real-world assets. The proof of concept builds these pieces together with an Ethereum blockchain, smart contract, HiveMQ broker, and transducer control to demonstrate the solution architecture.
Blockchain and Smart Contracts (Series: Blockchain Basics 2020) Financial Poise
This webinar provided an overview of blockchain and smart contracts. It defined blockchain as a decentralized ledger maintained by a network of nodes validating transactions, giving examples of public and private blockchains. Smart contracts were defined as computer code stored on the blockchain that automatically executes transactions if predetermined conditions are met. The webinar discussed examples of smart contracts like mortgages, land records, and invoices. It concluded by introducing the panel of experts who would discuss blockchain and smart contracts in more detail.
Blockchain is a tool. Samson Williams likens blockchain to a group text message, in which each participant receives a distributed, time-stamped, tamper-resistant (and encrypted) record of data transactions. Each group text has these characteristics. Everyone in the group “sees” the data, and none can change or gainsay any group message. Smart contracts are computer code put on the blockchain (how, exactly?) that establishes self-executing terms and conditions of a transaction. Are smart contracts smart? If certain data comes in and fulfills a pre-set term or condition, then rights and responsibilities are formed, terminated, modified, or shifted among the parties. Ah certainty and transparency, but also ah garbage in and garbage out. Are some contractual terms not amenable to smart contracting? And are smart contracts necessarily contracts? If not, can they still be useful? If a smart contract is a contract, what is the governing document? Is it the words business people and lawyers use, or is it the code that is supposed to reflect the words?
Part of the webinar series: Blockchain Basics 2022
See more at https://www.financialpoise.com/webinars/
Smart contracts are computer protocols that digitally facilitate, verify, or enforce the negotiation or performance of an agreement without third parties. They allow transactions to be trackable but irreversible. Smart contracts work on blockchain networks like Ethereum, where contract terms are encoded as code and executed when predetermined conditions are met. This allows agreements like rentals or insurance to be enforced automatically based on if-then statements without the need for intermediaries, providing benefits like reduced costs, increased trust, security and efficiency. However, potential issues with smart contracts include bugs in the code and lack of flexibility.
Blockchain and Smart Contracts (Series: Blockchain Basics)Financial Poise
Blockchain is a tool. Samson Williams likens blockchain to a group text message, in which each participant receives a distributed, time-stamped, tamper-resistant (and encrypted) record of data transactions. Each group text has these characteristics. Everyone in the group “sees” the data, and none can change or gainsay any group message. Smart contracts are computer code put on the blockchain (how, exactly?) that establishes self-executing terms and conditions of a transaction. Are smart contracts smart? If certain data comes in and fulfills a pre-set term or condition, then rights and responsibilities are formed, terminated, modified, or shifted among the parties. Ah certainty and transparency, but also ah garbage in and garbage out. Are some contractual terms not amenable to smart contracting? And are smart contracts necessarily contracts? If not, can they still be useful? If a smart contract is a contract, what is the governing document? Is it the words business people and lawyers use, or is it the code that is supposed to reflect the words?
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/blockchain-and-smart-contracts-2021/
Smart Contracts and Their Role in Blockchain Development.pdfniahiggins21
Contracts are the linchpin of our professional and personal spheres, serving as the backbone of modern society. They govern myriad aspects of our lives, ensuring order and reliability. Smart Contracts in blockchain emerge as indispensable contributors, playing a pivotal role in elevating the safety and security of transactions. Beyond their fundamental function of facilitating organized exchanges, Smart Contracts extend their impact to enhance the accessibility of applications running on these platforms. Their role transcends transactional facilitation, becoming a cornerstone for a more secure and streamlined digital landscape.
Smart Contracts function as digital agreements that automatically execute and enforce the terms encoded within their code. This automated execution not only eliminates the need for intermediaries but also introduces a new era of trust in transactions, as every step is securely recorded on the blockchain. In this blog, we will delve into the intricacies of Smart Contracts, unraveling their workings, exploring their benefits, and examining real-world applications.
This document discusses smart contracts and blockchains. It begins by defining a blockchain as a database maintained by a network of computers not owned by any single entity that stores transaction data in blocks organized sequentially in a chain. It then discusses how blockchains enable secure, traceable, and resilient transactions without requiring trust. The document outlines some uses of blockchains like virtual currencies, managing access to records, and building self-executing smart contracts using code on a blockchain. It also discusses some types of smart contracts being developed and limitations around self-enforcement, enforceability, privacy, and autonomy of smart contracts.
Blockchainx is a well known ERC20 token development company. We provide complete ERC20 standard token development solutions that help companies launch their own tokens, and then raise funds on it.
What Is A Smart Contract Audit?
A Comprehensive Guide - Did you know that the global smart contracts market size is estimated to reach USD 770.52 million by 2028 from USD 144.95 million in 2020?... To know in detail you can get in touch with Blocktech Brew, a Smart Contract Development Company. Adopt an Automated and Transparent Way of Executing Your Business Processes.
In the times to come, smart contracts are going to be popular, and there will be a need for smart contract experts. To become an expert in this field, you need to enroll for a smart contracts online course.
IRJET- Smart Contracts using BlockchainIRJET Journal
This document provides an overview of smart contracts using blockchain technology. It introduces the concept of smart contracts and discusses their operation on two mainstream blockchain platforms, Ethereum and Hyperledger Fabric. It also proposes a six-layer research framework for smart contracts consisting of contract negotiation, development, deployment, maintenance, learning, and self-destruction. The document outlines several challenges for smart contracts and reviews recent research progress, and it discusses potential application scenarios in various industries.
At BlockchainX tech, we help startups, medium-sized enterprises, and large-sized businesses by providing end-to-end blockchain development services such as token creation, token sale distribution, landing page design, whitepaper writing, and smart contract creation. As your business idea is unique your cryptocurrency launch process will also be one of a kind. Our blockchain experts help you analyze your concept to make sure that your idea is effective enough to motivate people for funding. Our experience so far in ICO and blockchain development is unmatched and it allows us to provide stable cryptocurrency solutions that are tailor-made to match your business requirements. Raise your Initial Coin Offering with minimal steps and get professional guidance from our team of blockchain and cryptocurrency experts.
Similar to The rise of cryptocurrency & smart contract in blockchain industry (20)
Why do you need a Healthcare app development company like Moon Technolabs_.pdfMoon Technolabs Pvt. Ltd.
"Today's smart devices have revolutionized the way we receive information about anything - from education to entertainment - all accessible simply by using a smartphone/device. In this modern age, where people are more dependent on smartphones than ever before, they must have access to their health data as well.
"
Healthcare Mobile App Development - An technique for a patient-centric app.pdfMoon Technolabs Pvt. Ltd.
Healthcare Mobile app development is the process by which an app is created for a mobile device to help users manage their health, fitness goals, hospital visits, or insurance claims. This also includes telemedicine, lab results evaluation, prescription and appointment management, and more.
In today's technology-driven world, online food delivery is becoming popular. However, the challenges faced by business owners are no longer simple and they need to implement some unique strategies to stay ahead of the game. In this blog, we will talk about the main challenges that these companies face. Let's get started.
The rise of technology has easily solved many every day worries. We now have a better lifestyle and the freedom to live as we wish in many aspects. This revolution was only possible because of the advent of the on-demand economy.
Today, on-demand applications are considered one of the most successful business structures in the digital world, and more and more businesses are looking for opportunities to use them for their growth.
Due to all the back-end technologies available these days, selecting one can be challenging, especially for a business owner or entrepreneur with a non-technical background.
So0urce: https://www.moontechnolabs.com/blog/about-node-js-and-php-before-you-hire-node-js-developers/
"Here are some prominent industries where on-demand app development services are playing their role well and generating new revenue streams for entrepreneurs. In this blog, we have listed the best on-demand mobile app ideas that you can use to build your next mobile app.
"
The benefits of on-demand app development for your business and customers.pdfMoon Technolabs Pvt. Ltd.
Want to take advantage of the rapidly growing gig economy? There is no better way than to create an on-demand app for your business. This simple solution has many benefits for your company and your customers. Read on for details.
When it comes to creating a comprehensible solution, it has to depend on consultations with both end-users and doctors. It’s the only way to ensure that an app built by the best mobile app development company will have a bright future.
Source: https://www.moontechnolabs.com/blog/exclusive-ideas-from-a-healthcare-app-development-company/
Become As Successful As These Companies With React Native App Development.pdfMoon Technolabs Pvt. Ltd.
Today, mobile app developers work with almost every kind of business that exists under the sun. Business owners rely on them for long-term growth.
Source: https://www.moontechnolabs.com/blog/become-successful-as-these-companies-with-react-native-app-development/
It’s safe to say that Drupal 8 isn’t going to get updated with new features, other than a few security and mission-critical patches.
Source: https://www.moontechnolabs.com/blog/whats-new-in-drupal-web-development-services-with-drupal-9/
React Native is a cross-platform framework that can be used to build mobile applications. It was built by Facebook and Instagram as an alternative to using Java for Android and Swift for iOS.
"In reality, it's not that simple. Both platforms have strengths and weaknesses. For some purposes, PHP is the better tool, but sometimes Node.js can offer more to a particular project. Read on to find out what everyone does best when it's the right move to migrate to Node.js, and how to do it.
"
When it comes to mobile app development, there are several paths you can take. Some companies choose to build native apps, while others go with cross-platform app development. The cross-platform building has some great benefits. let's dive into cutting-edge cross-platform development technologies.
Flutter is a free and open-source mobile app SDK for building high-quality native apps on iOS and Android. Check out here the top famous companies that built their app using flutter.
What Are The Best Alternatives To Electron For Cross-Platform Desktop App Dev...Moon Technolabs Pvt. Ltd.
Based on the information provided above, it’s clear that one of the alternatives can be much better than Electron. The apps created using Electron take up too much disk space as each application gets bundled with Node.js and Chromium.
Source: https://www.moontechnolabs.com/blog/best-alternatives-to-electron-for-cross-platform-desktop-app-development/
Do You Need To Hire Node.js Developers To Install Node.js & NPM On Your Compu...Moon Technolabs Pvt. Ltd.
Well, there you have it – an all-inclusive guide to installing Node.js on three different operating systems, including Windows, macOS, and Linux.
Source: https://www.moontechnolabs.com/blog/hire-node-js-developers-to-install-node-js-npm-on-computer/
Xamarin is the leading cross-platform mobile development framework, with a huge community of developers. We provide the tools and expertise to help enterprises deliver mobile apps to everyone.
The choice between native and cross-platform mobile app development depends on a number of factors. In this blog post, we'll weigh the pros and cons of each approach to help you make the best decision for your project.
HCL Notes und Domino Lizenzkostenreduzierung in der Welt von DLAUpanagenda
Webinar Recording: https://www.panagenda.com/webinars/hcl-notes-und-domino-lizenzkostenreduzierung-in-der-welt-von-dlau/
DLAU und die Lizenzen nach dem CCB- und CCX-Modell sind für viele in der HCL-Community seit letztem Jahr ein heißes Thema. Als Notes- oder Domino-Kunde haben Sie vielleicht mit unerwartet hohen Benutzerzahlen und Lizenzgebühren zu kämpfen. Sie fragen sich vielleicht, wie diese neue Art der Lizenzierung funktioniert und welchen Nutzen sie Ihnen bringt. Vor allem wollen Sie sicherlich Ihr Budget einhalten und Kosten sparen, wo immer möglich. Das verstehen wir und wir möchten Ihnen dabei helfen!
Wir erklären Ihnen, wie Sie häufige Konfigurationsprobleme lösen können, die dazu führen können, dass mehr Benutzer gezählt werden als nötig, und wie Sie überflüssige oder ungenutzte Konten identifizieren und entfernen können, um Geld zu sparen. Es gibt auch einige Ansätze, die zu unnötigen Ausgaben führen können, z. B. wenn ein Personendokument anstelle eines Mail-Ins für geteilte Mailboxen verwendet wird. Wir zeigen Ihnen solche Fälle und deren Lösungen. Und natürlich erklären wir Ihnen das neue Lizenzmodell.
Nehmen Sie an diesem Webinar teil, bei dem HCL-Ambassador Marc Thomas und Gastredner Franz Walder Ihnen diese neue Welt näherbringen. Es vermittelt Ihnen die Tools und das Know-how, um den Überblick zu bewahren. Sie werden in der Lage sein, Ihre Kosten durch eine optimierte Domino-Konfiguration zu reduzieren und auch in Zukunft gering zu halten.
Diese Themen werden behandelt
- Reduzierung der Lizenzkosten durch Auffinden und Beheben von Fehlkonfigurationen und überflüssigen Konten
- Wie funktionieren CCB- und CCX-Lizenzen wirklich?
- Verstehen des DLAU-Tools und wie man es am besten nutzt
- Tipps für häufige Problembereiche, wie z. B. Team-Postfächer, Funktions-/Testbenutzer usw.
- Praxisbeispiele und Best Practices zum sofortigen Umsetzen
“An Outlook of the Ongoing and Future Relationship between Blockchain Technologies and Process-aware Information Systems.” Invited talk at the joint workshop on Blockchain for Information Systems (BC4IS) and Blockchain for Trusted Data Sharing (B4TDS), co-located with with the 36th International Conference on Advanced Information Systems Engineering (CAiSE), 3 June 2024, Limassol, Cyprus.
Building Production Ready Search Pipelines with Spark and MilvusZilliz
Spark is the widely used ETL tool for processing, indexing and ingesting data to serving stack for search. Milvus is the production-ready open-source vector database. In this talk we will show how to use Spark to process unstructured data to extract vector representations, and push the vectors to Milvus vector database for search serving.
Full-RAG: A modern architecture for hyper-personalizationZilliz
Mike Del Balso, CEO & Co-Founder at Tecton, presents "Full RAG," a novel approach to AI recommendation systems, aiming to push beyond the limitations of traditional models through a deep integration of contextual insights and real-time data, leveraging the Retrieval-Augmented Generation architecture. This talk will outline Full RAG's potential to significantly enhance personalization, address engineering challenges such as data management and model training, and introduce data enrichment with reranking as a key solution. Attendees will gain crucial insights into the importance of hyperpersonalization in AI, the capabilities of Full RAG for advanced personalization, and strategies for managing complex data integrations for deploying cutting-edge AI solutions.
Threats to mobile devices are more prevalent and increasing in scope and complexity. Users of mobile devices desire to take full advantage of the features
available on those devices, but many of the features provide convenience and capability but sacrifice security. This best practices guide outlines steps the users can take to better protect personal devices and information.
Dr. Sean Tan, Head of Data Science, Changi Airport Group
Discover how Changi Airport Group (CAG) leverages graph technologies and generative AI to revolutionize their search capabilities. This session delves into the unique search needs of CAG’s diverse passengers and customers, showcasing how graph data structures enhance the accuracy and relevance of AI-generated search results, mitigating the risk of “hallucinations” and improving the overall customer journey.
Removing Uninteresting Bytes in Software FuzzingAftab Hussain
Imagine a world where software fuzzing, the process of mutating bytes in test seeds to uncover hidden and erroneous program behaviors, becomes faster and more effective. A lot depends on the initial seeds, which can significantly dictate the trajectory of a fuzzing campaign, particularly in terms of how long it takes to uncover interesting behaviour in your code. We introduce DIAR, a technique designed to speedup fuzzing campaigns by pinpointing and eliminating those uninteresting bytes in the seeds. Picture this: instead of wasting valuable resources on meaningless mutations in large, bloated seeds, DIAR removes the unnecessary bytes, streamlining the entire process.
In this work, we equipped AFL, a popular fuzzer, with DIAR and examined two critical Linux libraries -- Libxml's xmllint, a tool for parsing xml documents, and Binutil's readelf, an essential debugging and security analysis command-line tool used to display detailed information about ELF (Executable and Linkable Format). Our preliminary results show that AFL+DIAR does not only discover new paths more quickly but also achieves higher coverage overall. This work thus showcases how starting with lean and optimized seeds can lead to faster, more comprehensive fuzzing campaigns -- and DIAR helps you find such seeds.
- These are slides of the talk given at IEEE International Conference on Software Testing Verification and Validation Workshop, ICSTW 2022.
TrustArc Webinar - 2024 Global Privacy SurveyTrustArc
How does your privacy program stack up against your peers? What challenges are privacy teams tackling and prioritizing in 2024?
In the fifth annual Global Privacy Benchmarks Survey, we asked over 1,800 global privacy professionals and business executives to share their perspectives on the current state of privacy inside and outside of their organizations. This year’s report focused on emerging areas of importance for privacy and compliance professionals, including considerations and implications of Artificial Intelligence (AI) technologies, building brand trust, and different approaches for achieving higher privacy competence scores.
See how organizational priorities and strategic approaches to data security and privacy are evolving around the globe.
This webinar will review:
- The top 10 privacy insights from the fifth annual Global Privacy Benchmarks Survey
- The top challenges for privacy leaders, practitioners, and organizations in 2024
- Key themes to consider in developing and maintaining your privacy program
Programming Foundation Models with DSPy - Meetup SlidesZilliz
Prompting language models is hard, while programming language models is easy. In this talk, I will discuss the state-of-the-art framework DSPy for programming foundation models with its powerful optimizers and runtime constraint system.
Observability Concepts EVERY Developer Should Know -- DeveloperWeek Europe.pdfPaige Cruz
Monitoring and observability aren’t traditionally found in software curriculums and many of us cobble this knowledge together from whatever vendor or ecosystem we were first introduced to and whatever is a part of your current company’s observability stack.
While the dev and ops silo continues to crumble….many organizations still relegate monitoring & observability as the purview of ops, infra and SRE teams. This is a mistake - achieving a highly observable system requires collaboration up and down the stack.
I, a former op, would like to extend an invitation to all application developers to join the observability party will share these foundational concepts to build on:
UiPath Test Automation using UiPath Test Suite series, part 5DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 5. In this session, we will cover CI/CD with devops.
Topics covered:
CI/CD with in UiPath
End-to-end overview of CI/CD pipeline with Azure devops
Speaker:
Lyndsey Byblow, Test Suite Sales Engineer @ UiPath, Inc.
For the full video of this presentation, please visit: https://www.edge-ai-vision.com/2024/06/building-and-scaling-ai-applications-with-the-nx-ai-manager-a-presentation-from-network-optix/
Robin van Emden, Senior Director of Data Science at Network Optix, presents the “Building and Scaling AI Applications with the Nx AI Manager,” tutorial at the May 2024 Embedded Vision Summit.
In this presentation, van Emden covers the basics of scaling edge AI solutions using the Nx tool kit. He emphasizes the process of developing AI models and deploying them globally. He also showcases the conversion of AI models and the creation of effective edge AI pipelines, with a focus on pre-processing, model conversion, selecting the appropriate inference engine for the target hardware and post-processing.
van Emden shows how Nx can simplify the developer’s life and facilitate a rapid transition from concept to production-ready applications.He provides valuable insights into developing scalable and efficient edge AI solutions, with a strong focus on practical implementation.
Pushing the limits of ePRTC: 100ns holdover for 100 daysAdtran
At WSTS 2024, Alon Stern explored the topic of parametric holdover and explained how recent research findings can be implemented in real-world PNT networks to achieve 100 nanoseconds of accuracy for up to 100 days.
GraphRAG for Life Science to increase LLM accuracyTomaz Bratanic
GraphRAG for life science domain, where you retriever information from biomedical knowledge graphs using LLMs to increase the accuracy and performance of generated answers
Driving Business Innovation: Latest Generative AI Advancements & Success StorySafe Software
Are you ready to revolutionize how you handle data? Join us for a webinar where we’ll bring you up to speed with the latest advancements in Generative AI technology and discover how leveraging FME with tools from giants like Google Gemini, Amazon, and Microsoft OpenAI can supercharge your workflow efficiency.
During the hour, we’ll take you through:
Guest Speaker Segment with Hannah Barrington: Dive into the world of dynamic real estate marketing with Hannah, the Marketing Manager at Workspace Group. Hear firsthand how their team generates engaging descriptions for thousands of office units by integrating diverse data sources—from PDF floorplans to web pages—using FME transformers, like OpenAIVisionConnector and AnthropicVisionConnector. This use case will show you how GenAI can streamline content creation for marketing across the board.
Ollama Use Case: Learn how Scenario Specialist Dmitri Bagh has utilized Ollama within FME to input data, create custom models, and enhance security protocols. This segment will include demos to illustrate the full capabilities of FME in AI-driven processes.
Custom AI Models: Discover how to leverage FME to build personalized AI models using your data. Whether it’s populating a model with local data for added security or integrating public AI tools, find out how FME facilitates a versatile and secure approach to AI.
We’ll wrap up with a live Q&A session where you can engage with our experts on your specific use cases, and learn more about optimizing your data workflows with AI.
This webinar is ideal for professionals seeking to harness the power of AI within their data management systems while ensuring high levels of customization and security. Whether you're a novice or an expert, gain actionable insights and strategies to elevate your data processes. Join us to see how FME and AI can revolutionize how you work with data!
Goodbye Windows 11: Make Way for Nitrux Linux 3.5.0!SOFTTECHHUB
As the digital landscape continually evolves, operating systems play a critical role in shaping user experiences and productivity. The launch of Nitrux Linux 3.5.0 marks a significant milestone, offering a robust alternative to traditional systems such as Windows 11. This article delves into the essence of Nitrux Linux 3.5.0, exploring its unique features, advantages, and how it stands as a compelling choice for both casual users and tech enthusiasts.
Goodbye Windows 11: Make Way for Nitrux Linux 3.5.0!
The rise of cryptocurrency & smart contract in blockchain industry
1. The Rise Of Cryptocurrency & Smart Contract In
Blockchain Industry
2. Table of Contents
● 1) Blockchain Usecase In Financial Services 2021
● 2) Global smart contracts market, By Blockchain Platform (USD Million)
● 3) Smart Contracts & Tokens Explained
● 4) How Smart Contracts Follows Business Rules
● 5) The significance of good information, and ‘prophets’ in smart contracts
● 6) Expected Issues With Smart Contract Information
● 7) Edge Computing, IoT & The Fate Of Smart Contracts
● 8) Conclusion
3. Introduction
Smart contracts are self-executing, business automation applications that sudden spike in demand for a
decentralized company, for example, blockchain. What's more, since they're ready to eliminate managerial
upward, smart contracts are one of the most alluring features relating to blockchain innovation. While
blockchain goes about as a sort of data set, affirming that exchanges have occurred, smart contracts execute
pre-decided conditions; consider a smart contract a PC executing "If," or restrictive, programming.
When certain states of a smart contract are met - merchandise show up in a port, two gatherings consent to
trade-in cryptocurrency - they can computerize the exchange of bitcoin, government-issued currency, or the
receipt of a shipment of products that permits them to forge ahead with their excursion. And it is only fair that
businesses are looking for the best blockchain app development company to get the best solutions.
6. Smart Contracts & Tokens Explained
For instance, an insurance agency could utilize smart contracts to automate the arrival of guarantee cash in light of occasions like
enormous scope floods, tropical storms, or dry seasons. Or on the other hand, when a freight shipment arrives at a port of section and
IoT sensors inside the compartment affirm the substance have been unopened and remained put away appropriately all through the
excursion, a bill of replenishing can naturally be given.
Smart contracts are additionally the reason for the transaction of cryptocurrency and digital tokens (generally, a digital portrayal of an
actual resource or utility). For instance, Ethereum blockchain's ERC-20 and ERC-721 tokens are themselves smart contracts.
Be that as it may, not all smart contracts are tokens, as indicated by Martha Bennett, a primary examiner at Forrester Research. "You
can have smart contracts running on Ethereum that trigger an activity given a condition without an ERC-20 or ERC-721 token included,"
she said.
Smart contracts can administer the transaction of other cryptocurrencies, for example, bitcoin. Whenever a payment is checked,
bitcoin can change hands from dealer to purchaser.
Most undertaking blockchain networks don't utilize tokens, Bennett brought up. In those that do, the principles in smart contracts
administer how tokens get designated and characterize the states of the move.
That doesn't mean the token is the smart contract - everything relies upon how the token has been developed. The tokens don't need
to be about financial worth; a token can essentially be something you hold that gives you the option to decide on a choice; projecting
your token means you've cast a ballot, and can't decide on this choice again - no monetary worth relating.
7. How Smart Contracts Follows Business Rules
Smart contracts are neither truly "smart" nor contracts in the lawful sense. They're something like business rules converted into
programming.
Individuals regularly ask what makes smart contracts unique about business rules mechanization programming or put away methods. The
response is that reason, the guideline is something similar; however smart contracts can uphold robotizing processes that stretch across
corporate limits, including numerous associations; existing approaches to mechanizing business decides can't do that.
As such, because smart contract code is running on an open blockchain ledger, rules can be applied not just inside the enterprise that coded
the smart contract but to other colleagues allowed to be on the blockchain.
At the end of the day, they're code that does what it's been customized to do. If business rules...have been characterized gravely and
additionally the software developer doesn't work hard, the outcome will be a wreck. Furthermore, regardless of whether planned and
modified accurately, a smart contract isn't smart - it simply works as planned.
Interpreting business rules into code doesn't naturally transform the outcome into a lawfully enforceable understanding between the
gatherings in question (which is what a contract is). Even though there are a few drives pointed toward making smart contracts naturally
legitimately restricting, that way - essentially for the time being - loaded with trouble and hazard, Bennett said. That is because there's no
concurred standard meaning of what a smart contract is.
8. The significance of good information, and 'prophets' in smart contracts
A smart contract is just pretty much as great as the principles utilized for mechanizing processes, and that implies quality writing
computer programs is vital. Additionally critical? The precision of the information took care of into a smart contract. Since smart contract
rules, when they're set up, are unalterable. After a contract is composed, neither the client nor the software developer can transform it.
So If the information isn't correct - and being on a blockchain doesn't work everything out - the smart contract can't work as expected.
Information is taken care of into blockchains and utilized for smart contract execution from outside sources, explicitly information feeds
and APIs; a blockchain can't straightforwardly "get" information. (This constant information taken care of for blockchains are designated
"prophets" - they're the middleware between the information and the contract.)
Prophets can be programming or equipment-based. An equipment-based prophet, for instance, an RFID sensor in a freight compartment
sending area information to smart contract parties. A product prophet, conversely, could be an application that takes care of data through
an API about a protections trade, for example, changing loan fees or fluctuating stock costs.
All things considered, while you're supporting a gamble on a trade and a stock cost goes up, one party will get cash while another loses it.
The smart contract figuring out what happens requires market cost information, and the API for that comes from the information supplier.
That represents an issue: the gatherings associated with the smart contract should have the option to believe the external information
source.
While blockchains might be decentralized across handfuls or a huge number of hubs, smart contracts are not. They run on a solitary hub.
The blockchain hubs (servers) have zero ability to see into how a specific smart contract functions; any consortium of companies that are a
piece of a blockchain network should depend on one prophet for the data being taken care of into the smart contract.
9. Assuming your company is essential for a blockchain consortium - a production network, for instance - it has no real way to know what's running
in the smart contract. There's no evidence. You need to take the expression of the company running the server on which the prophet and smart
contract live that the data is taken care of to the blockchain is precise.
You need to go to one source, one table, one prophet for that information. There are no standard cycles to confirm the information is what it
says it is and it's approaching inappropriately. It's an essential issue of disappointment.
Expected Issues With Smart Contract Information
Since prophets have customarily communicated information from a solitary source, there is no entirely reliable information, as per Sergey
Nazarov, CEO of Chainlink, a prophet fire up that utilizes numerous outside wellsprings of prophet information. Nazarov, in a white paper,
composed that information might be "kindly or malignantly ruined because of defective sites, bamboozling service suppliers, or innocent errors."
Chainlink has shaped development associations with web and monetary services companies, including Google and the Society for Worldwide
Interbank Financial Telecommunication (SWIFT), which runs one of the world's biggest clearing and repayment companies.
Also Read : Blockchain Development Security: Sharpening The Cloud Security
Smart policies are dependent upon occasions; they're dependent upon market occasions, in insurance they're dependent upon IoT information
from vehicles, industrial facilities, or other gear.
In another model, Chainlink made a smart contract for a media company that held for possible later use charges to be paid to a website
improvement (SEO) firm it had employed until news story URLs came to - and afterward kept up with - web index rankings for a particular
timeframe.
10. Edge Computing, IoT & The Fate Of Smart Contracts
Throughout the following quite a long while, the huge development in IoT-associated devices could prod more noteworthy utilization
of smart contracts. That is because a significant part of the assessed 46 billion modern and venture devices associated in 2023 will
depend on edge computing, as indicated by Juniper's research. Accordingly, tending to normalization and company issues will be vital.
Smart contracts could offer a normalized technique for speeding up information trade and empowering processes between IoT devices
by eliminating the agent: the server or cloud service that goes about as the focal correspondence represented demands and other
traffic among IoT devices on a company.
"In a general sense, the thought is you don't have a focal specialist - nobody approving and approving every exchange. All things
considered, you have disseminated hubs that partake in approving each exchange in the company," said Mario Milicevic, an individual
from the Institute of Electrical and Electronics Engineers (IEEE), the main expert on innovation development that has in an excess of
500,000 individuals.
Blockchain ledgers decline the time expected to finish IoT device data trade and handling time.
"It very well may be in an auto-producing plant. When a specific part shows up, that part then, at that point, imparts that to different
hubs at that objective, which would concur that part showed up and convey that to whole arrange. The new hub would then be
permitted to start taking care of its responsibilities," Milicevic said.
The ascent of edge computing is basic in increasing tech companies, attributable to diminished transfer speed necessities, quicker
application reaction times, and upgrades in information security, as indicated by Juniper Research.
11. Blockchain specialists from IEEE trust that when blockchain and IoT are joined they could change vertical businesses. While monetary
services and insurance agencies are right now at the very front of blockchain development and solution, transportation, government,
and utility areas are currently captivating more, because of the weighty spotlight on process effectiveness, inventory network, and
planned operations potential open doors. What's more that is relied upon to join to make smart contracts more universal in the years
to come.
Conclusion
The world of Blockchain is moving forward and the way how decentralized networks are keeping the flow going. It is only fair that
businesses are looking to hire the top mobile app development company in the USA for the best Blockchain development solutions.
If you’re looking to get a free quote, you can contact us and we shall assist you shortly.