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Tag: blockchain courses

How Is Blockchain Revolutionising The FinTech Industry?

Posted on by Imarticus Learning

How Is Blockchain Revolutionising The FinTech Industry? 

Blockchain: An Overview 

A blockchain is a distributed, digital and permanent ledger that helps record transactions and track assets across the entire network of computer systems present on the blockchain. 

The technology has added a new aspect to the fintech landscape and offered huge possibilities to the industry of fintech by making crucial changes to business enterprises. 

How Is Blockchain Revolutionising The FinTech Industry? 

Undoubtedly, blockchain is the backbone technology that is revamping the FinTech industry. 

Below mentioned are the ways in which blockchain technology is revamping the fintech industry.

  • Creating a digital identity: 

Though banks have a strict KYC check, fraudulent accounts are on a constant hike. Here comes the role of blockchain, where users can manage identity data, share data with others without compromising security, and sign documents digitally. 

  • No third-party interferences: 

There are chances for things to go wrong in case of multiple parties’ validations. With blockchain technology in place, payments can reach the vendor directly without any halt. 

  • Protects from fraudulent activities: 

Being decentralized in nature, blockchain technology keeps from providing access to other people. It cannot be altered in any way possible, making every record protected. 

  • Enhances trade accuracy: 

The merging of blockchain technology in the financial sector has rescued traders from troublesome counterparty checks. Through blockchain, the risks associated are reduced, and trade accuracy is enhanced. 

  • Crypto lending: 

One of the USPs of blockchain technology, which helps you hold money without the need of a bank. You can hold the crypto money in digital form with a digital wallet after investing in cryptocurrencies. 

Challenges Addressed by Blockchain in FinTech Industry  

The blockchain has the power to make business operations secure, transparent, efficient, and democratic. 

  • Trustability: 

When users perform any action on the fintech applications, they are unaware of what is happening on the other side, which creates chaos and anxiety about identity theft. On the other hand, blockchain redresses the problem with transparent working. 

  • High operation costs:

Time is often considered as money in the financial sector. Blockchain technology reduces the high operational costs by cutting down the time involved and reducing the dependency on third parties. 

  • Slow process: 

The involvement of various third parties in the finTech industry delays the overall process, which results in an unstable business economy. This is another challenge addressed by blockchain technology. 

Discover Financial Technology Courses with Imarticus Learning

Our financial technology course helps students: 

  • Practical application of learnings to real business problems and scenarios.
  • Get an in-depth understanding of every critical aspect of FinTech along with hands-on training.
  • Stay updated on the latest fintech industry practices by accessing resources powered by research, knowledge, and tech partners such as Rise Mumbai and Automation Anywhere, among others. 
  • Get full-time fintech career-ready by working on group projects and open bookcase study-based tests that test your fintech knowledge and application in a theoretical decision-maker role. 
  • Get access to fintech networking webinars, job boards, and events to leverage your fintech learning fully and unlock career opportunities.  

Conclusion 

Ideal for students with a bachelor’s degree in finance background, this elite Financial Technology Course is bound to take your finTech career to heights you have never imagined!

With the availability of financial technology courses online, it has become convenient for learners to gain access to information about each and every element of the FinTech domain. 

For any queries, please do not hesitate to Contact Us or drive to one of our training centers in Mumbai, Pune, Thane, Chennai, Bangalore, Delhi, and Gurgaon. 

Top 8 advantages of cloud computing

Posted on by Imarticus Learning

Cloud computing refers to remote servers storing, managing, and processing data. For many years, this technology has only recently become popular. There are various benefits to using cloud computing, and in this blog post, we will discuss the top eight benefits that businesses can expect in 2022.

There are plenty of advantages to cloud computing, and here we will give you a quick introduction to cloud computing and its benefits.

What is cloud computing?

Cloud computing is a service that runs over the internet. You can use it to store your data and access files from anywhere in the world. Cloud computing is an excellent option for companies with large amounts of data and needs to access it remotely.

Here are the top 8 advantages of cloud computing:

#01: Flexibility: Cloud computing is a flexible solution that allows you to scale up or down according to your needs. You can use it for small projects and then switch over when it grows.

#02: Cost-effective: Cloud computing is more cost-effective than traditional IT solutions. You pay for the services you need, and you can rapidly scale up or down as your requirements change.

#03: Accessibility: Cloud computing is an excellent option for companies that need to access data from different locations. 

#04: Reliability: Cloud computing is a reliable option that will not go down during peak traffic. 

#05: Security: Cloud computing offers security to protect your data against hackers and other threats. You are confident that your information is protected when stored in the cloud.

#06: Simplicity: Cloud computing is a simple solution that does not require installing any software or hardware. You can also access it worldwide, and all you need is an internet connection.

#07: Scalability: As your business grows, you can quickly scale up your cloud computing services to meet your needs. It will save you money and time when managing your business.

#08: Mobility: Cloud computing is an excellent option for companies with remote workers who need to access data from different locations. You can use it to create a virtual work environment that allows everyone to collaborate on projects together.

Cloud computing is the best choice for businesses that want to reduce costs, increase flexibility, and protect their data. Cloud computing is the solution if you search for an economical and reliable way to store your data.

Discover FinTech Courses Online with Imarticus Learning

With a one-of-a-kind learning experience, the FinTech course provides the tools for success. With practical application skills and real-world experience before their possibilities fly off the shelf! 

best Fintech courses in IndiaWith this competitive business, learners will have all they need by getting certified through our program.

CourseBenefits For Learners:

  • These financial technology courses will provide students with knowledge and skills in applying machine learning algorithms and blockchain technology for their business needs, preparing them perfectly!
  • The future of Fintech is bright, and students can stay up to date on the newest advances by attending networking events, job boards, or webinars.
  • With this fantastic new resource, students will have access to some helpful tools that can assist them in finding their dream job after graduation!

Contact us through our chat support system, or visit one of our training sites in Mumbai, Thane, Pune, Chennai, Bengaluru, Delhi, and Gurgaon.

Here’s How Cloud, Blockchain, and IoT Architectures Provide a Robust Blueprint for a Vendor-Neutral Data Sharing and Marketing Network

Posted on by Imarticus Learning

It is estimated that in the coming decades, an ecosystem-based on blockchain will emerge and it is this technology that would reduce various issues such as applications, growth opportunities, identity management, supply chain province, and many more.

Taking into consideration our Blockchain certification course, it is important to note the growth that IoT is having and the importance of blockchain in emerging projects today. Especially those designed to improve the development and operation of IoT devices, which makes us assume that in the short term both technologies are positioned as the best alternative for always connected and automated systems for which the cloud will be indispensable.

Why Blockchain?

The main areas to be worked on for improvement supported by Blockchain are framed in scalability, security, interoperability, legal, compliance, and regulation. But it also seeks to bring IoT to highly secure and reliable spaces. Definitely, blockchain is a technology with many potentialities, some are still very green, but its future is promising.

Within the branch of challenges that are to be overcome in the industry, the effective management of information is an important issue to consider, so the immutability and privacy offered by the blockchain network is something that is at the forefront of the struggle in the transformation of industries.

With the use of blockchain, the data that will be sent by sensors – to speak of an example – will be hosted on the network immediately, and thus the data cannot be altered, which guarantees transparency in the data provided.

Blockchain and IoT

Combine blockchain, IoT, and cloud products to offer an end-to-end supply chain solution. For example, using IoT-enabled shipping containers and sensors that can provide real-time updates on shipping processes. The market is increasingly demanding more security, more transparency, and more genuineness in the products offered to the consumer. It is therefore essential to incorporate technology and digitization in the solutions offered to customers, to operate more securely and offer more transparency.

The combination of cloud, blockchain, and IoT allows that every time a device in the supply chain uploads information to its node of the platform it is encrypted so that it cannot be modified by the rest of the actors. It can be applied to different sectors that have value-added products, especially those that may be under the shadow of fraud. What this solution does is to put certainty and credibility in the face of those threats that may exist in the product itself or the entire sector.

The design of a digital strategy based on blockchain that allows the sustainable adoption over time of a solid plan for a supplier-neutral data exchange and marketing network is fundamental. All to achieve a transformation program that facilitates the identification of the immediate challenges in this sector and achieve greater effectiveness, efficiency, and agility of enterprises.

Certifications with Imarticus

The best certifications for software engineers focus on emerging digital fields such as cloud, IoT, and Blockchain. Software developer training aims to adopt the technology to transform business models along with a culture of continuous learning to succeed in the era of the digital economy.

Imarticus cares about your professional development so we only offer unique, cutting-edge courses that will enhance your career. The Certification in Software Engineering for Cloud, Blockchain, and IoT is a 9-month extensive program that will prepare you for the current digital era we are living in.

How to Develop your Career as a Blockchain Developer

Posted on by Imarticus Learning

If you’re a newbie in the blockchain world or just looking to beef up your skillset, this post is for you. We’ll go over what Blockchain developer does and how they can use their skills to earn more money.

What is the role of a blockchain developer?

  • A blockchain developer is a person who designs and constructs decentralized applications to implement the business logic of an organization.
  • Blockchain Developers are very skilled software developers who need to have excellent programming skills and be aware of many aspects of cryptography.
  • Blockchain developers’ main task isn’t creating an app for everyday money transfers between users – it’s about creating apps meant to be used by large corporations, startups, developers, and investors.
  • Blockchain developer has skills that are a cross between an Ethereum engineer and a full-stack web developer.

Some Tips on How to Become a Blockchain Developer:

1) Learn Javascript

Most blockchain projects are in javascript or typescript. Learning the basics is a must for anyone looking to get into this space. So start learning javascript.

2) Learn to code full-stack

Developers will need to build end-to-end systems using React, Angular, Node.js, PostgreSQL, and web3.js to build decentralized applications.

3) Learn Gitlab CI/CD

If your team uses Gitlab CI/CD for development, it’s good to get familiar with it to prepare yourself to contribute to it. It’s also helpful in testing your projects. Although it’s not very hard to learn, most devs will know it.

4) Get familiar with Web3.js and Truffle

Web3 is the most popular javascript library for ethereum development, so learning web3 will come in handy when working on decentralized applications (dapps). Truffle is another vital tool for development.

5) Get familiar with the development frameworks

If you want to be serious about blockchain dev, you should learn at least one central framework. These include Truffle, web3j (java), Quorum (Javascript), and neo-python (Python).

6) Get familiar with Cryptoeconomics

Cryptoeconomics is a mixture of crypto and economics, which determines the rules that guide the interaction between two parties. It includes cryptography, blockchain protocols, mechanism design theory, economic incentives, and game theory.

7) Get familiar with Developer tools for ethereum

Tools like Ganache and Meta mask are essential for testing decentralized applications. It is recommended you get familiar with them. If you want to be a successful developer in this space, these tools should already be part of your workflow.

8) Get familiar with IPFS and Swarm

These two protocols can use in most ethereum projects. If you want to be a developer, reviewing the documentation and getting familiar with their functions is good.

Explore and learn with Imarticus Learning

The ONLY FinTech course covers every vital element of the industry while also providing hands-on experience with popular technologies, including APIs, Blockchain certification, Cloud Computing, AI, Machine Learning, RPA, IoT, and Big Data.

Some course USP:

  • This Fintech course is with placement assurance aid 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.

 

Here Are the Parameters To Ensure an Open and Tokenized Market Using Cloud, Blockchain and IoT

Posted on by Imarticus Learning

Technological advancements, such as Blockchain have the potential to transform the financial markets. This means, having financial processes carried out through faster digital transactions. This will be done through the tokenization of assets. The process of tokenization consists in having a digital representation of different physical assets, having a record of transactions in a distributed ledger. This has brought a set of different benefits to the market including a gain in efficiency and transparency.

Open Market Using Tokens

Tokenised commodities can democratize the access for the retail investor, expand the market to new players, increase the addressable market and eliminate the time-space barriers. Hence, markets could be open every single hour on any day of a year, accessible from every location on the planet. This will promote the entrance of a new set of investors able to fund asset classes that were unattainable previously. Thanks to Blockchain technologies, third parties are not needed in transactions, thus, the clearing processes and operations are performed rapidly and are encrypted to ensure confidentiality.

Technologies Breakthroughs

Blockchain has the potential to impact various sectors. New services creating synergies between edge technologies are expected to impact the market. One relevant example of this is the implementation of enhanced blockchain solutions using a software engineering course for IoT. Having an IoT tokenized asset opens the opportunity to every potential investor to receive benefits from any device. For instance, any manufacturer could control the information interchange using wireless devices.

Moreover, any manufacturer asset could also be funded using cryptocurrencies. Virtually any asset with a wireless connection can become a potential investment. The data collected from every device are then encrypted and saved in a blockchain-based cloud, enabling secured storage of information and a reliable ledger of transactions of every operation.

The Parameters To Ensure an Open Market

The main parameters in markets are related to risk. Hence, we could say volatility and price of the currency are relevant indicators. Additionally, the acceptance and adoption of these emerging markets are crucial to increasing their values.

Due to the novelty of this technology, it still lacks a regulated framework. The informality of the market wrapped up with a limited set of suspicious early adopters, the high cost related to mining, and other scalability problems, have resulted in a very volatile tokenized market. Consequently, any further development of the technology is highly uncertain.

Having synergies with different technologies, such as cloud engineering and IoT, offer real opportunities to improve the tokens’ perception and performance. On the one hand, cloud solutions, as an added layer, can help to overcome the high costs of mining, facilitating the scalability of the process. On the other hand, IoT assets can be used to retrieve information and distribute benefits easily to investors.

Learning About the Token Open Market in Imarticus

Are you thinking about getting enrolled in a software engineering course? Imarticus brings to you the Certification in Software Engineering for Cloud, Blockchain, and IoT to improve

and make your CV stand out, with quality and industry-based content. Get a certification endorsed by one of the most prestigious institutions in India, E & ICT Academy IIT Guwahati. Additionally, you can access world-class professors and get cutting-edge engineering skills and learn real-life cases. Imarticus offers a software engineering development course that will give you the tools to jump easily to the market.

Conclusion

Cutting-edge technology needs mature professionals that can create synergies to overcome the main challenges. If you are looking to boost your career, apply to our software engineering certificate course and get the tools you need to promote an open market in a tokenized world!

Why Financial Services Need Cloud Computing? How can it Benefit Them?

Posted on by Imarticus Learning

Cloud computing is a new expertise that has been popping up everywhere. It seems like every company is using it, but what are the benefits? Computing can use to cost-effectively store data and programs on an Internet server without buying expensive hardware.

This software model allows companies to break away from their traditional ways of doing things, which often means less time spent on maintenance and more time for innovation.

Why do financial services need Cloud Computing?

Financial services firms may use cloud computing by saving money through lower operating costs or increased productivity with more scalable systems and applications. It can enable the storage and sharing of information like customer data, financial documents, and other sensitive material.

How can Cloud Computing Benefit Financial Services Firms?

It is a new concept that is still growing and changing quickly. For this reason, financial services firms may want to get ahead of the curve by investigating everything that has to offer for their business.

  • It operates on servers located in data centers at its most basic level, allowing companies to store and share information more efficiently and cost-effectively.
  • Offsite data centers can further reduce expenses, as they do not require the purchase of servers or any on-premises hardware.
  • The financial market also has access to highly scalable cloud technology that you can quickly adapt to handle increases in user volume.
  • In addition to increased productivity, increased access to information can lead to better business strategies and more accurate financial forecasts.
  • They can save money on hardware with virtualized servers and pay only for the resources they use through per-usage billing.
  • They can also increase productivity by moving business applications to the cloud or improving collaboration with remote partners.
  • Financial services firms can further benefit their employees by giving them access to corporate information and data from any Web browser.
  • You don’t have to be concerned about its file storage and sharing capabilities and focus on providing excellent customer service and creating innovative products.

Explore and learn with Imarticus Learning

The ONLY FinTech course covers every vital element of the industry while also providing hands-on experience with popular technologies, including APIs, Blockchain, Cloud Computing, AI, Machine Learning, RPA, IoT, and Big Data.

Access resources powered by our Research, Knowledge, and Tech Partners such as PWC, Rise Mumbai, Automation Anywhere, BTA, and others to stay up to speed on the latest FinTech industry trends and practices.

Some course USP:

  • This Fintech 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.

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?

Posted on by Imarticus Learning

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 Blockchain is Enabling Secure Payment Through dApps?

Posted on by Imarticus Learning

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.