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Tag: best Blockchain courses

Promoting digitization in the commodity industry with blockchain in Fintech

Posted on by Imarticus Learning

Gone are the days when visiting a bank was the only way to make a financial transaction. At present, people can easily make financial transactions with just a few taps on their smartphones. The rise of fintech has helped people make financial transactions while sitting on their couches.

Have you ever wondered what technology stack makes fintech possible? Well, blockchain is one of the primary technologies used by the fintech industry. Many young enthusiasts go for a blockchain certification to enhance their skill set. Read on to know how blockchain in fintech is prompting digitization in the commodity industry.

Role of blockchain for financial technology

Blockchain is among the new-age technologies that are decentralized. Financial transactions in the commodity industry have become more secure with blockchain. The costs incurred by companies in the commodity industry for financial transactions are also reduced with blockchain.

best Fintech courses in IndiaCompanies in the commodity industry have started to realize the worth of blockchain experts. They are proactively hiring individuals that have blockchain certification. Some of the use cases of blockchain for fintech are as follows:

  • Since blockchain is a distributed technology, single points of failure that disrupt the entire system do not occur. There is no work for any intermediatory in a blockchain-powered transaction. The need for transfer agents is reduced since the introduction of blockchain. Blockchain-powered transactions are nearly impossible to be hacked or manipulated. 
  • Blockchain is a shared platform that enhances the transparency of network participants. The best part of a blockchain network is that participants can only see the financial transactions. Under no circumstances, a participant can change the financial transaction on a blockchain network. 
  • Due to its transparency, blockchain helps network participants to collaborate and access financial/transaction data. Opposite parties can come to an agreement quickly due to the transparency of a blockchain network. 
  • You can create tamper-proof software to support your business logic as blockchain offers high programmability. Blockchain also allows businesses to share data selectively to maintain privacy. According to stats, blockchain offers around ten times more cost benefits than other technologies for making financial transactions. 
  • Blockchain is a scalable technology and can adapt if the number of fintech transaction increase considerably. Each company in the commodity industry gets a global reach with blockchain and fintech. If there are periodic surges in the transaction activity, blockchain is capable of handling them.

A company in any commodity industry can go global and indulge in cross-border transactions with blockchain. Products offered by different companies in the commodity market are more or less the same. Different companies in the commodity industry compete for price with each other. When a company reduces costs incurred in making/managing financial transactions with blockchain, it can provide discounts to buyers.

If you are working in the commodity industry, a fintech course with blockchain can help you upgrade your career. Companies in the commodity industry are also focusing on hiring employees that have done a fintech course. Blockchain and fintech experts can help companies in safeguarding their financial transactions.

best Fintech courses in IndiaWhy choose Imarticus’s fintech course?

We offer a PGDM, MBA, and certification course for financial technology. Fintech courses will help you in learning the tools and technologies used in the industry. Among all the technologies used in the fintech industry, there will be a focus on blockchain. We also offer placement support to students who choose our financial technology courses.

You will work on several real-life projects during your fintech course. Not only you will learn industry practices, but also learn job-relevant skills with a financial technology course. Start your fintech course to make financial transactions in the commodity industry secure!

What Blockchain Technology Means to The Finance Industry?

Posted on by Imarticus Learning

In the beginning, the value of the currency was related to the weight of the metal, so its value was intrinsic. Around 1950 the first credit cards were created, i.e., the first attempt to use electronic money to buy goods and services without the need to use cash.

Now it seems that the next step is cryptocurrencies or bitcoin, and this is where a blockchain certification or a fintech course can be very relevant. The aim of the blockchain is the secure, direct, and transparent exchange of any transaction. And not only that, due to the success that the blockchain has had in cryptocurrencies, the financial world is on its way to transforming itself.

best Fintech courses in India

What Is Blockchain?

Blockchain is a disruptive technology, which has only just been launched, but which represents a revolution within the internet very similar to what happened in the 1990s. It is a revolution for the financial sector, but also many other aspects, such as the transfer of data and information between individuals. 

To put it as simply as possible, what Blockchain technology provides is the creation of a decentralized database, i.e., a database that does not live on the usual internet servers but thousands of users’ nodes. This database has certain characteristics. Every block that is introduced into the Blockchain must comply with a series of pre-established rules. Once a block is introduced, it is cryptographically sealed in a process called mining and this information will remain there, immutable, forever.

Fraud-Free Payment

One of the main benefits of this technology is that it offers the possibility of carrying out economic transactions securely and quickly. Thanks to encryption and encoding, manipulation and possible fraud are prevented. This allows all players to offer global payment alternatives, without putting anyone’s security at risk. Another major advantage is the possibility of implementing a transparent system in which the status of registered accounts can be viewed.

The truth is that the Blockchain is not only useful for making economic transactions, but also for storing and securely transferring information, avoiding security breaches. It also ensures that the information is not modified. This technology is increasingly trusted by companies and individuals alike.

Other Benefits of Blockchain

More than just sending data, it proposes a new paradigm in the digital ecosystem. Until the birth of Blockchain technology, everything we worked with copies, if you send an email there are many copies of it on servers, if you send a file anyone can make copies, a website, a video, everything is copies, copies, copies, copies.

Blockchain technology allows us for the first time that, if I send you a digital item, I no longer have it, whether cryptocurrencies, digital collectibles, etc., and this is just one of the many features it can offer.

There are still major technological challenges that blockchain technology has to face, the most important of which is scalability. Today, truly decentralized systems easily become saturated when they reach a high number of users, but there are already many advances on the table to improve this aspect.

We are also seeing the birth of new sectors such as decentralized finance or non-fungible tokens, which have only just been born and are revolutionizing the digital and financial industry. And it is on these topics that our blockchain training focuses.

Thanks to blockchain technology, for the first time the financial sector can move across networks and, most importantly, without intermediaries, from person to person. Blockchain training is becoming popular and the best way to get it is with a fintech course.

best Fintech courses in IndiaOur MBA with a specialization in fintech offers you the opportunity to get a blockchain certification.