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Tag: best Fintech courses in India

What are Altcoins? How do They Differ from Bitcoin?

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An altcoin is an alternative cryptocurrency to the traditional and most popular ones like bitcoin. They are currently on the rise due to the volatility of the cryptocurrency market, which carries many risks. With an altcoin, transactions are much faster, it is generally less volatile than bitcoin and arguably has a higher level of stability. In addition, altcoins have an influence on the process and scope of the blockchain.

Since the emergence of bitcoin, the concept of a decentralized peer-to-peer (P2P) payment network has inspired the establishment of multiple digital assets. The cryptocurrencies that emerged after bitcoin are called ‘altcoins’. Their name is a fusion of “alternative” and “coin”. 

With Namecoin came the onset of altcoins, which started in 2011 and it was created using the same blockchain technology engine as bitcoin. Namecoin is an integral part of the altcoin story as it proved that there is enough room in cryptocurrency markets for more than one type of digital asset.

Today, of the total cryptocurrency market, altcoins represent approximately 31% of it and bitcoin represents the remaining percentage. Many altcoins share the main characteristics of bitcoin, as they do not depend on banks, financial establishments, or any kind of the third party to be transferred from one person to another.

The Blockchain Technology

By using blockchain technology, details on transactions are accumulated in blocks that need to be verified to guarantee that they are genuine. In this sense, as soon as the block is approved by an algorithm, it is converted into an official part of the general distributed book. Since the blockchain is put in storage on servers and computers all over the planet, it is almost impossible to hack such a huge system. For that reason, blockchain technology is thought to be reliable and the financial future. 

How Do You Get Altcoins?

Similar to bitcoin, altcoins can behave as both assets and currencies. The simplest way to obtain them is to buy them online. Today, there are over 350 different exchange platforms where altcoins get traded each day. Among the most popular cryptocurrency exchange sites are Bittrex, Kraken, Binance, and Coinbase, but you can also buy and sell selected cryptocurrencies over numerical payment systems such as Venmo or PayPal.

The prices of altcoins are established by sellers and buyers transacting on the exchanges, and therefore prices for the cryptocurrencies can be quite volatile. To purchase them, you will have to have a digital wallet where you can store the altcoins. When selecting a wallet, you should be careful to know the cryptocurrencies it allows because not all of them except the ones on the market.

Why Choose Imarticus for Online MBA Course?

At Imarticus we offer a one-of-a-kind FinTech MBA program that will give you the best Blockchain Training. This immersive FinTech learning experience will allow you to apply what you learned when facing real business problems. Thanks to our blockchain technology courses you will become a FinTech expert.

If your profile is more of a graduate with 1-2 years of experience, then you will love our PGP in New Age Banking. It is the perfect option for beginner professionals looking to build a career in the new banking industry.

Conclusion

The future of currency is here. With cryptocurrencies such as Bitcoin and the Altcoins becoming more and more stable, you cannot be left behind in learning all you need to know about blockchain technology. Subscribe today to one of our courses at Imarticus and become part of the future!

What is a Fintech Festival?All you Need to Know

Posted on by Imarticus Learning

Fintech is an industry that deals with finance technology. At its roots, technology in the finance industry can be traced back to when traders were writing on blackboards to show what sales they made in the stock market on any given day. From there, it has expanded into much more technologically advanced areas.

What Is a Fintech Festival?

Fintech Festival is an event for financial technology popping up around the world in recent years. As an industry grows and changes, so does its need for innovations and technologies.

It’s a platform where technology companies, enthusiasts, investors, and more celebrate innovations in the financial sector. A lack of exploration has led to a lot of work for people in finance technology. Another aspect of this industry’s growth is how quickly it has expanded in recent years.

The organizer of this festival is usually a technology company that specializes in the finance industry. During this festival, multiple booths display any new developments and other recent things they have been working on, allowing them to connect with potential investors and even their existing customers.

Why Do People Attend a Fintech Festival?

There are many reasons why people attend a fintech festival.

  • Many of these events attract entrepreneurs, industry leaders, and technology enthusiasts.
  • Of course, people who work in finance and technology will attend because they can learn about the latest advancements and meet like-minded professionals.
  • Other people might be interested in specific areas of Fintech such as blockchain, cryptocurrency, investments, banking, etc.

When is Fintech Festival 2022?

FinTech Festival India 2022 will play a vital role in bolstering the environment and promoting cooperation between Key global FinTechs. FinTech Festival in India would be followed by a series of ten Hybridized Micro Experience in eight Indian cities from February 2022 to March 2022, culminating in a Strong Global presence in New Delhi in March 2022.

How Much Do Fintech Festival Tickets Cost?

The price of fintech festival tickets varies depending on which one you attend and where it gets located. Most of these festivals are open to the public, but there is usually a small fee involved for you to register. Fortunately, many of them offer discounts on tickets if you buy multiple days’ worths or they have a special promotion going on at the time.

Explore and learn with Imarticus Learning

This one-of-a-kind FinTech course combines practical learning instruction with cutting-edge innovations like APIs, Blockchain, Cloud Computing, AI, Machine Learning, RPA, IoT, and Big Data to cover every essential element of FinTech. If students want to become a FinTech specialist and boost their job chances, their quest stops here, and a fantastic FinTech learning experience begins.

Fintech is an industry that deals with finance technology. At its roots, technology in the finance industry can be traced back to when traders were writing on blackboards to show what sales they made in the stock market on any given day. From there, it has expanded into much more technologically advanced areas.

What Is a Fintech Festival?

Fintech Festival is an event for financial technology popping up around the world in recent years. As an industry grows and changes, so does its need for innovations and technologies.

It’s a platform where technology companies, enthusiasts, investors, and more celebrate innovations in the financial sector. A lack of exploration has led to a lot of work for people in finance technology. Another aspect of this industry’s growth is how quickly it has expanded in recent years.

The organizer of this festival is usually a technology company that specializes in the finance industry. During this festival, multiple booths display any new developments and other recent things they have been working on, allowing them to connect with potential investors and even their existing customers.

Why Do People Attend a Fintech Festival?

There are many reasons why people attend a fintech festival.

  • Many of these events attract entrepreneurs, industry leaders, and technology enthusiasts.
  • Of course, people who work in finance and technology will attend because they can learn about the latest advancements and meet like-minded professionals.
  • Other people might be interested in specific areas of Fintech such as blockchain, cryptocurrency, investments, banking, etc.

When is Fintech Festival 2022?

FinTech Festival India 2022 will play a vital role in bolstering the environment and promoting cooperation between Key global FinTechs. FinTech Festival in India would be followed by a series of ten Hybridized Micro Experience in eight Indian cities from February 2022 to March 2022, culminating in a Strong Global presence in New Delhi in March 2022.

How Much Do Fintech Festival Tickets Cost?

The price of fintech festival tickets varies depending on which one you attend and where it gets located. Most of these festivals are open to the public, but there is usually a small fee involved for you to register. Fortunately, many of them offer discounts on tickets if you buy multiple days’ worths or they have a special promotion going on at the time.

Explore and learn with Imarticus Learning

This one-of-a-kind FinTech course combines practical learning instruction with cutting-edge innovations like APIs, Blockchain, Cloud Computing, AI, Machine Learning, RPA, IoT, and Big Data to cover every essential element of FinTech. If students want to become a FinTech specialist and boost their job chances, their quest stops here, and a fantastic FinTech learning experience begins.

Some course USP:

  • This Fintech training aids the students to learn job-relevant skills that prepare them for an exciting career in Fintech.
  • Impress employers & showcase skills with a certification endorsed by India’s most prestigious academic collaborations.
  • World-Class Academic Professors to learn from through live online sessions and discussions. It will help students understand the 360-degree practical learning implementation with assignments.

Top Cryptocurrency Exchanges in India of 2021

Posted on by Imarticus Learning

With the market’s exponential growth, it is not surprising that India has also seen an increase in its number of crypto exchanges. With 1.3 billion people, India will be one of the leading countries trading over the next decade. This blog post reviews some top trades in India worth investing in now or keeping an eye on as they grow.

What are cryptocurrency exchanges?

Cryptocurrency success has led to the creation of crypto exchanges. It is a platform where investors can purchase and trade cryptocurrencies like Bitcoin (BTC). Crypto exchanges allow you to own several cryptocurrencies without having to invest in expensive mining rigs.

Top 6 Crypto Exchanges in India:

  1. CoinDelta

CoinDelta is one of the leading exchanges in India that also has low trading fees. The site features an intuitive user that makes it easy for new investors to understand and experience. It was launched in December 2013, which means it has more than three years of experience in the Indian market.

  1. 2. Coinsecure

One of India’s most popular exchanges recommends the ideal exchange for traders wishing to invest in Bitcoin. The site supports multiple languages and has an easy-to-use trading interface with simple buy/sell options, live charts, etc. Although their fees are a little higher, they offer a fast and straightforward trading experience.

  1. BitBay

Based out of Poland, this exchange is not well-known in the Indian market; however, it offers some great features that make it one of the top exchanges around. It supports multiple fiat currencies and has an easy-to-use interface with advanced charting tools and several trading options.

  1. Coinome

An Indian exchange backed by the famous Bitcoin trading company, Zebpay, offers some impressive features that make it one of the top exchanges in India. It provides an instant account creation facility and has multiple payment options, high liquidity, and low fees.

  1. Koinex

One of India’s most popular exchanges, Koinex, offers some exciting features that make it stand apart from its competitors. It supports multiple cryptocurrencies and has live updates on the homepage with real-time order books and instant deposits. The site also has an impressive trading app for Android devices.

  1. WazirX

With over 300,000 registered users on its beta launch in October 2018, WazirX is one of the newer exchanges in India. However, as a new exchange, it has some impressive features and plans to expand its range of tradable cryptocurrencies. It offers high liquidity and low fees, along with an easy-to-use interface and excellent security features.

Explore and Learn with Imarticus Learning

The Professional Certificate In FinTech, developed by SP Jain School Of Global Management and Imarticus Learning, is Asia’s leading FinTech course. Hands-on training from industry professionals, real-world case studies, projects incorporating technologies like Blockchain and Cloud Computing, and significant interactions with FinTech industry leaders and entrepreneurs are all part of this course, making it an attraction for those eyeing a career in Crypto.

Some course USP:

  • This Cryptocurrency course is with placement assurance aid the students to learn job-relevant skills that prepare them for an exciting career.
  • Impress employers & showcase skills with a certification endorsed by India’s most prestigious academic collaborations.
  • World-Class Academic Professors to learn from through live online sessions and discussions. It will help students understand the 360-degree practical learning implementation with assignments.

Smart Contracts: What are They & How do They Work?

Posted on by Imarticus Learning

With the progress of the blockchain system over the years, a lot of new features have started coming into play. Initially a manual system, it has now progressed to the point where transactions can be made completely automatically. That is, without involving any third parties at all. This is where smart contracts come into play. It ensures that the agreement between two people stays firm without the threat of any one of them backing out or delaying the process.

Here we are going to discuss what smart contracts are, how they work and what the benefits of using them are. The reason why the blockchain system has progressed so far is because of the highly adaptable nature of this industry. This is the reason why it has continued to remain afloat while others could not. 

So it is only plausible that this industry has also demanded professional opportunities recently. If you are someone wondering what to do with your career in the future, a Fintech course might just be what you need. A lot of institutions in India offer good courses.

Imarticus Learnings is one of the best among them. They have a compact Fintech MBA degree with a blockchain and cryptocurrency course included in the curriculum. It will not only teach you all you need to get ahead in the game but would also provide good placement opportunities that will put you leagues ahead of your peers. 

MBA in Fintech with blockchain and cryptocurrency course

MBA in Fintech with Blockchain and cryptocurrency course

What are smart contracts?

Smart contracts are basically an agreement made between two parties recorded in a blockchain system. They are absolute and obviously, due to the extremely secure blockchain system, they can not be hacked into or tampered with in any way. These contracts function automatically, as in if an agreement is made of a transaction happening at a certain date if certain conditions are met, then given all goes according to plan, the transaction will be made automatically.

With no involvement required of a third party or even the parties involved in the first place, the system completes the transaction automatically, with cryptocurrency being the mode of payment that gets transferred to the respective payee’s digital wallet.

How do they function?

Basically in a blockchain system, two parties agree. For example, Rachel will buy a car from Monica with 150 Bitcoins on 18th October. And the ownership of the car will be transferred to Rachel when the amount is paid. Now, on 18th October, the amount gets credited to Monica automatically without Rachel having to do it manually at all. And just like that with the conditions met, the ownership of the car is now transferred to Rachel.

Benefits of using them

There are some serious benefits of using smart contracts. A few of them are listed here:

  • No need to involve any third parties, including brokers, lawyers, or even the bank.
  • Both parties are secure in their knowledge that the terms are absolute and the amount, as well as the goods, will be transferred to them without any delay. Which negates the chance of fraud completely.
  • Saves precious time as well as extra expenses on both ends.

Conclusion

Blockchain is a system that is now being used in or introduced to almost all sectors of business, education, and even health. So a degree in Fintech is the best possible course to take for career aspirants these days. Do check out Imarticus Learnings’ Fintech MBA program to get the boost you need in your career.

How will cloud, Blockchain, and IoT impact insurance?

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As technology continues to advance, new opportunities arise for insurance companies. Cloud computing is one of the most recent innovations that has changed how data is stored and accessed. With the rise of Blockchain technology, people wonder if this will change how insurers operate their businesses.

Finally, with the Internet of Things (IoT), insurers can collect more data than ever before about their customers and business practices. How will these three things impact insurance? Let’s explore!

The Rise of Cloud Computing for Insurance

Cloud computing is a great way to increase the speed at which insurers can access data. Instead of having their server or an extensive database that may be prone to hacking, businesses can use cloud-based services from Amazon and Google. It allows these companies to handle all the security measures so that insurers can focus on other things. Since insurers can work faster and more efficiently, they can reduce costs and potentially increase profits.

Is Blockchain Technology the Future of Insurance?

Blockchain technology is an excellent way for users to create secure transactions without relying on a third party. This type of digital ledger system ensures that records are accurate and transparent. In the insurance industry, there are a few different ways you can use this technology.

  • You can pay out claims instantly without waiting for a third party to verify the payment.
  • Users can track their policy history from one insurer to another. It would prevent people from double-paying or having overlapping insurance plans.
  • Individuals can share their medical history with multiple companies to get better rates.

These are a few instances of how Blockchain can change how people do business in the insurance industry.

The Internet of Things Enhances Insurance Operations

With more devices connected to the internet, insurance companies can gather more data than ever before. This information can determine how likely people are to file claims or if their customers are at risk of accidents. It allows them to create better products that help people manage risks on their own. And when combined with cloud-based services and Blockchain technology, it is clear that IoT will be a critical part of the insurance industry in the future.

The advancement of technology is changing how people do business. From cloud computing to Blockchain, insurance companies can work faster and more efficiently than ever before. It may lead insurers to decrease their costs and increase profits in their businesses.

While this can be an advantage, it can also be a challenge for insurance companies. Since there is more competition, insurers must find new ways to stand out from their competitors and offer customers the best service possible.

Explore and Learn with Imarticus Learning

The Software Engineering certification online for Cloud, Blockchain, and IoT program collaborates with E&ICT Academy, IIT Guwahati, and industry experts to give aspiring Software Engineers the most pleasing learning experience possible. This intensive 9-month curriculum will prepare students for the new-age Software Engineer position, focusing on Cloud, Blockchain, and IoT.

certification in Blockchain, Cloud and IoTSome course USP:

  • This cloud DevOps engineer course for students is with placement assurance aid the students to learn job-relevant skills.
  • Impress employers & showcase skills with the certification in Software Engineering endorsed by India’s most prestigious academic collaborations.
  • World-Class Academic Professors to learn from through live online sessions and discussions.

How is Fintech spilling Opportunities for the Agricultural Sector?

Posted on by Imarticus Learning

The fintech sector is a rising industry that has come to define the contemporary era. The term “fintech” refers to financial technologies and encompasses digital innovations in payments, lending, insurance, and investment management. One of the primary reasons for this growth is that these companies offer better solutions than traditional financial institutions.

The Scope of the Fintech Industry?

The Fintech sector is a fast-growing industry that has been evolving rapidly since the word was first coined in 1999.

  • The Fintech sector is revolutionizing the way we do business. It will be difficult for banks to compete with this new wave of technology that has come about in recent years.
  • There are many opportunities in the agricultural industry, but it’s essential to know where you stand on your current level of technological development before taking any steps forward.
  • India’s fintech market is the world’s fastest-growing- 67 percent of the more than 2,100 fintech entities in operation have been set up in the last five years. India’s fintech market is valued at US$31 billion, which is projected to grow to US$84 billion by 2025.
  • The fintech transaction value size is projected to grow to US$138 billion by 2023 from US$66 billion in 2019.
  • According to a Boston Consulting Group report, Indian fintech companies will reach a valuation of US$150-160 billion by 2025, becoming thrice more valuable in the next five years.

Evolution of Fintech: Opportunities for Agricultural Sector

Fintech is now looking at opportunities to serve agricultural sectors and farms across India, which can potentially transform rural life by providing access to affordable credit and insurance products- two things that we take for granted but are often inaccessible without significant wealth or connections. Here is how Fintech is assisting Agricultural Sector:

  • Easy Loans for Farmers: The agricultural sector needs to borrow money frequently. With Fintech, there are no middlemen, the efforts of the fintech sector to make direct loans are consistent.
  • Direct Connections: Farmers have better opportunities to establish direct connections with lenders & other institutions for better operations. This change can potentially stabilize the sector.
  • Ongoing Payment Model: Instead of paying large payments for equipment & tools, farmers can now use various ongoing payment programs. People can better organize finances more efficiently by paying for what is used, skipping problems arising from conventional payment models.
  • Affordable Financial Services: Financial services are becoming more accessible to farmers. Some companies are focusing on this aspect to bring a greater variety of financial tools & utilities.
  • Better Insurance: The availability of crop insurance plans for farmers is shaping the sector in a better manner.

Grow your Career with Imarticus Learning:

Imarticus Learning has collaborated with prestigious universities to enhance robust Fintech Training courses. Enroll in MBA FinTech, which covers every paradigm of cutting-edge New Age FinTech solutions. The curriculum is designed to provide students with in-depth exposure to critical elements of the FinTech domain.

This program covers every critical aspect of FinTech via hands-on training with prominent technologies such as API, Blockchain, Cloud Computing, AI, Machine Learning, RPA, IoT, and Big Data. This program enables students to apply what they learn while dealing with real business scenarios & problems.

Some Course USP’s:

  • UGC Entitled Online Degree Programs
  • NAAC ‘A’ Graded University with Graded Autonomy Status
  • Top Ranked University in India – NIRF & QS World Rankings
  • Program Delivery follows the prescribed four quadrants approach from UGC
  • Learning Hours and Credits at par with Full-Time Classroom Programs
  • Innovative Programs Accredited by Global Professional Bodies

If you want to skyrocket your FinTech career prospects by transforming into a FinTech expert, your search ends here, and a spectacular FinTech learning journey begins. Contact us through the Live Chat Support system.

How Blockchain is Enabling Secure Payment Through dApps?

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Blockchain technique has introduced new horizons to more than one aspect of the corporate industry. Blockchains are basically a record of transactions made through cryptocurrencies arranged in blocks. It is completely secure in a way that hacking is almost impossible as all the transactional information is visible to all the parties involved in this loop.

But, where is it all stored? This is where dApps come into play. These apps are open-sourced and decentralized applications that are responsible for the transactions being made in the blockchain system. Below are the key aspects of dApps, how they actually work as well as the benefits of their use. Please go through the whole thing to get a better idea.

 dApps: The key aspects

dApps are in their infantile stage so there are a lot more evolutions to be witnessed as time goes. Here are a few key aspects that we have managed to observe in their nature as of yet:

  • Open-source platform: There are no specific governing bodies supervising the system. All the conditions are decided by the mutual confirmation of customers. The code of conduct is visible to all the parties involved for verification.
  • Decentralized system: All the records of all transactions are stored in the blockchain system. This means that no single party can capitalize their control on the system which ensures further safety.
  • Safety measures: The community partaking in dApps follows a specific set of algorithms to verify value proof. Such as Proof of Work as well as Proof of Stake.

 How do they work?

There are mainly three types of dApps we have observed as of yet. Here we are going to explain how each type works:

  • Type 1: The dApps of this category are known for having their own blockchain system. Bitcoin or its equivalent cryptocurrencies that have an internal blockchain system belong to this category.
  • Type 2: This dApps category works by making the Type 1 blockchain system it’s base. These are mostly protocols and use tokens to function properly. Such as the Omni Protocol. The main advantage is no involvement of any middleman.
  • Type 3: This category works by utilizing the protocol of the Type 2 category of dApps. Its main work is altering data servers as well as centers with the system resources of customers. It is autonomous which helps to create censorship-free apps and websites. A good example is a SAFE Network. It uses the Omni Protocol to issue Safecoin that is necessary for its function.

 The benefits of dApps

 There are, of course, reasons why dApps are getting more popular by the day. Here we have listed a few of them:

  • They are decentralized which makes them extremely secure and hack-proof. There is no possibility of any single party capitalizing their control on it.
  • They ensure a lot faster transactions as there is no mediator app for the transactions to go through.
  • They also ensure more anonymity and verified information as all the parties involved can check the details by logging in to the blockchain system.

 Blockchains are gaining more and more popularity daily, and because of that now Apps have joined the bandwagon. This is why new Blockchain courses all over the world as well as in India have been introduced.

Blockchain coursesImarticus Learnings as usual have come up with a marvelous Fintech MBA program that offers a Bitcoin course as well as Blockchain technology courses. If you are looking to prosper in your career, then this is just the chance for you.

A look at Foundations and Applications of Fintech Specialization!

Posted on by Imarticus Learning

Fintech is a relatively new term that is used for a whole host of emerging technologies that help consumers and financial institutions in re-innovating the financial space for improved and faster processes. The industry has seen phenomenal growth largely because it has leveled the playing field between small players and traditional big banks and financial institutions.

Fintech application development runs on a foundation of data science, artificial intelligence, machine learning, and blockchain, each of which has seen massive innovation and transformation in recent times.

Today, it covers a slew of products and services. Mobile banking apps, online wallets, financial literacy services, and digital currency are familiar examples.

According to Outlook, one out of every three people avails at least one of these applications on a daily basis. Because of its disruptive innovation and explosive growth, Fintech has become a coveted industry for professionals from a wide range of backgrounds from engineering to marketing.

In this article, we will take a look at the foundations and applications of fintech specialization. We will also cover the basics of a career in fintech and what the best fintech courses in India entail.

A look at Fintech applications

Research says that India has boomed into the fastest-growing ecosystem when it comes to fintech application development.

Some of the most common types of fintech applications here are:

Digital payments

Digital banking is a more convenient and cost-effective way of making transactions without using traditional methods. People are shifting over to mobile wallets instead of credit cards as we speak.

Investment and Wealth Management

Wealth Management and investment solutions allow people to keep track of their financial assets and manage their financial portfolio in a single application on their phones which can then be accessed from anywhere in the world.

Lending/loan

Fintech has made applying for loans as simple as clicking a button on your phone. Money lending solutions have made credits transparent and accessible to the non-affordable population.

Trading

Online trading apps have made investing in the market, monitoring risks in real-time, and sharing knowledge simple and easy.

InsurTech

Insurance companies are also embracing digital solutions to provide a better customer experience without the need to go through tedious processes of filling out lengthy applications.

So, what is a fintech professional? They are people who hold a job in the core areas of fintech application development. Product managers, data scientists, cloud management, full-stack developers, UI/UX designers are some of the most common roles in which people are hired in this industry.

What you need to know about pursuing a career in Fintech

With the fintech industry growing at an unprecedented rate, the demand for talented fintech professionals is also expected to grow. If you display skillsets relevant to any of the above roles, then a career in fintech is a smart option.

However, companies expect a fundamental knowledge of the functional aspects of fintech in their candidates. Some of the areas where the demand for knowledge is likely to increase are:

  • Blockchain
  • Data Science
  • Cryptocurrency
  • Software and mobile application development
  • AI, Machine Learning, and Deep Learning
  • Cybersecurity

Many reputed schools are known for offering some of the best fintech courses in India. These courses are economical, flexible, and convenient and add to your repertoire of proficiencies needed to bag a high salaried opportunity in this sector. Most of these courses are designed for working professionals which means that they can be completed online, parallelly with a day job.

Conclusion

When you are looking to become a fintech professional an overall understanding of the core of fintech areas along with deep technical knowledge in at least one of them becomes crucial. To build a holistic knowledge base of the essentials of fintech, a Professional Certificate Course in Fintech is the one for you.

You could also build an aptitude for management positions in Fintech enterprises by enrolling in an MBA in Fintech degree.

How can the Blockchain Secure IoT Networks? Applications of Blockchains in the IoT!

Posted on by Imarticus Learning

The blockchain and the IoT have immense potential, and professionals are already working to combine these technologies. This merger can enhance data security within IoT networks & support various IoT solutions.

Here’s how blockchain features can be used to enhance IoT networks:

Why do IoT networks need blockchains?

The concept of an IoT network is that smart devices gather data about the environment, wirelessly connect to the internet and other devices via gateways & routers, & share the data collected within a network.

In addition, remote devices with user interfaces control IoT devices while transmitting data to users. In this IoT network, the data flows between IoT devices & can be stored on the cloud, local database, remote device, or IoT devices.

Applications of IoT:

IoT is used in workplaces, public spaces, streets, or at home, facilitating smart home systems, security systems, smart city infrastructure, etc. IoT devices are widely used in healthcare, manufacturing, construction, agriculture, & other industries. Wireless connections make IoT technology easy to implement for home & business usage.

Benefits of integrating a blockchain into an IoT network:

Data decentralization

The distributed architecture of blockchain means there’s no central point of control. This eliminates single points of attack or failure, reducing infrastructure, reconciliation, & management while improving fault tolerance. The nodes in a blockchain network manage the distributed digital ledger and confirm new blocks.

Improved system scalability

While reducing IoT silos, blockchain IoT integration contributes to improved scalability. Decentralized networks distribute workloads over devices and provide more computing power than centralized networks.

Guaranteed data stability

The data stability in a blockchain is ensured with cryptography that makes the distributed ledger permanent and unalterable. Added cryptography to smart devices provides secure data transfer & storage. A blockchain can keep a stable history of device communications within a specific IoT network.

Stronger authentication

With a blockchain, every IoT device can be identified. A blockchain can ensure trusted authentication & authorization for smart devices, which means all data within the IoT network will be secured. The private key remains with the user and is used to prove their identity, while the public key is distributed to the network provider.

Enhanced privacy & security

Blockchain secures communication between IoT devices by storing data in transactions & validates those transactions with nodes. This ensures traceability & accountability of sensor data. By using cryptography for communications, blockchain eliminates the risks of data breaches.

Improved data management

A blockchain facilitates IoT devices to communicate without involving a server, cloud storage, or other local databases. IoT developers can use blockchains to provide device-agnostic & decoupled applications.

Grow and learn with Imarticus Learning:

Both blockchain and IoT technologies are constantly developing to solve existing problems & meeting new ones. A Blockchain course is all you need to consider for those looking for career opportunities in the tech industry.

best Fintech courses in IndiaIf you wonder how I become a Blockchain software engineer, Imarticus Learning caters to your doubts and offers Blockchain courses that get you into detail.

The 9-month extensive program will help you prepare for the new-age Software Engineer role specializing in Cloud, Blockchain, and IoT.

The course allows students to build a strong foundation of Software Engineering concepts, with industry experts helping to learn the practical implementation of Cloud, Blockchain, and IoT through real-world projects from diverse industries. This course goes a long way towards helping you unlock lucrative career opportunities in the ever-growing field of Software Engineering.

For further details, reach out through the Live Chat Support system or visit our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

Robotic Process Automation (RPA) and How is it Used in FinTech Today?

Posted on by Imarticus Learning

RPA (robotic process automation) is a robust solution that allows businesses to automate processes. It’s widely popular in different sectors but you might wonder, “What are the uses of RPA in Fintech?”

To help you find the answer, we have prepared the following article:

What is Robotic Process Automation?

RPA online training in FintechRobotic process automation, RPA in short, is a technology that simplifies building, deploying, and managing robots that mimic human actions. These robots interact with software and digital systems just like humans do.

RPA training allows you to build robots that can recognize what’s shown on a screen, enter information, identify data, navigate a system, and perform various other activities. These solutions automate specific tasks in your business that will allow you to enhance your productivity and efficiency.

Use of RPA in FinTech

Robotic process automation offers a ton of advantages to businesses regardless of their industry. It allows them to reduce their operation costs, improve their efficiency, and make the organization more manageable.

In FinTech, there are many use cases of RPA.

  • Banks use RPA to increase their operational visibility and improve their data security. RPA allows them to improve their compliance implementations and make them more efficient.
  • In accounting, RPA automates customer credit monitoring, sales quotation generating, distributing invoices, and doing necessary follow-ups.
  • Accounts payable can utilize RPA in processing vendor invoices, responding to inquiries, managing the various payments, and cross-checking invoices with the purchasing orders.
  • RPA can simplify the KYC process by optimizing the nitty-gritty tasks of the verification process. They can also gather all the relevant data through optical character recognition.
  • RPA can help in intercompany reconciliations. It can automate checking different orders and transactional data. The bots can also approve the matching orders automatically and alert the necessary parties if they found any inconsistencies.

Become a FinTech Professional

RPA has a ton of advantages but it’s a relatively new technology. That’s why the demand for RPA (robotic process automation) experts is constantly on the rise. Finance companies want professionals who are skilled in this field and can implement the necessary solutions effectively.

To become an expert in RPA for the finance sector, you should look for Fintech courses in India. Taking one of the best Fintech courses in India will help you learn the necessary skills quickly through experts and mentors.

There are many options for Fintech courses in India. You should choose one that teaches you the latest skills and concepts such as blockchain, cloud computing, machine learning, and many others. Learning skills like blockchain and cloud computing will help you stay on top of the industry trends and accelerate your career growth.

Look for online Fintech certification programs in India as they allow you to learn safely from home without compromising with the quality.

RPA has become a necessity for modern finance companies if they want to keep up with the competition. If you want to learn about RPA in the context of Fintech, you should enroll in one of the Fintech certification programs available online.

Learn more about the best Fintech courses in India with Imarticus Learning.