Contact Us
×

Tag: blockchain courses

What is the job description of a blockchain architect?

Posted on by Imarticus Learning
Reading Time: 3 minutes

What is the job description of a blockchain architect?

A blockchain is a decentralized digital record that saves transactions on thousands of computers all over the world. These are registered in a way that prevents them from being modified afterward. Blockchain technology improves security and speeds up information transmission in a cost-effective and transparent manner.

It also eliminates the need for third parties, whose primary duty was to provide confidence and validation in transactions (such as notaries and banks).

The significant importance of blockchain has piqued the interest of companies from all industries, with the banking sector being the most active at this moment.

Certification in software engineering helps aspirants fetch lucrative jobs in this field. There are several blockchain courses available, you just need to pick the right one.

What skills do blockchain architects need?

  1. A blockchain architect is in charge of collaborating with R&D teams and incorporating blockchain into the development and design of solutions that employ cross-asset frameworks and concepts.
  2. Furthermore, you will work on new technologies and develop performance standards for appraising any new solutions. Apart from that, blockchain architect capabilities include extensive knowledge of blockchain architectural concepts and the development of storage solutions.
  3. In any case, the essential point is that the position is at the top of blockchain developer and engineer positions. As a result, the architect will be in charge of directing any blockchain-based projects and laying out the overarching strategy for the team to follow.
  4. One of the primary roles of a blockchain architect is the creation of Blockchain Product Specifications.
  5. A blockchain solution architect must be fluent in several programming languages. Furthermore, they must have advanced knowledge about these programming languages. Furthermore, your role may need you to code challenging sections of the project that no one else is capable of. Learning C++, Python, and Java is imperative in this field.
  6. As a blockchain architect, you would need to hone your leadership abilities in order to provide your team with the correct direction to ensure that any solution is a tremendous success
  7. The smart contract is a must-have for blockchain architects. Any architect of a blockchain solution must be familiar with smart contracts. It is one of the most in-demand qualities of corporate businesses.
  8. Learning cryptography is another excellent blockchain architect skill. The entire foundation of security would crumble if cryptography has not been used. It would be necessary to employ it in order to provide greater security and immutability to the system.
  9. One has to have command over blockchain development tools.

The job description/requirements for becoming a Blockchain architect:

  • A solid understanding of Blockchain foundations, consensus algorithms, and smart contracts
  • A solid understanding of the various varieties of Blockchain
  • Excellent knowledge of blockchain frameworks
  • Good command over the several consensus algorithms used for the Bitcoin Blockchain, Ethereum, Byzantine fault-tolerant algorithms
  • Strong command over cryptography
  • Build performance indicators to assess the performance of the Blockchain.
  • Preparation of a risk and failure analysis and risk prevention plan.
  • Train and advise technical employees on Blockchain tools and frameworks, Blockchain principles, and so forth.
  • Skilled in programming languages, like Go, Java, or NodeJS.

Conclusion:

An architect must be knowledgeable in the business domain in order to develop solutions that are practical rather than theoretical. At the same time, an architect must keep up with the field’s rapid evolution as it progresses toward becoming a true engineering profession. New approaches, processes, and vendor tools are constantly redefining an architect’s roles and obligations.

Every architect owes it to the software architecture community to participate and be involved in a constructive way. Blockchain is slowly getting integrated into IoT networking and eventually blockchain architects may have looked into smoothing out the relationship between Blockchain and IoT Networking process.

Many aspiring students must be looking for a Certification in Software Engineering. There are several blockchain courses available that will teach you all the necessary skills required in the field.

How Blockchain is Changing Banking Industry?

Posted on by Imarticus Learning
Reading Time: 4 minutes

Understanding Blockchain

In simplest, blockchain can be understood as a digital ledger that keeps a record of transactions of high economic significance and it cannot be manipulated or corrupted.

So how’s that possible? Well, the construct of blockchain is such that any data is store on thousands of serves and everybody who has access to that blockchain can find out about any changes made to the document. Firstly, it doesn’t allow changes on a later date and secondly, it keeps track of all the activities carried out on that digital ledger.

Blockchain trainingBlockchain courses in banking uses a distributed ledger system that is highly decentralized and shows all information and updates in real-time to all the users that have access to a particular block.

Each block in the blockchain carries the number of transactions and a new record is formed when new transactions are recorded.

One of the most prominent and oldest uses of the blockchain application was evident in Bitcoin that is a cryptocurrency using blockchain technology to facilitate transactions. Since then, there have been many new applications of blockchain technology.

 Blockchain in Banking

The blockchain technology is still in its nascent stage and there is much to be discovered about this technology. Bitcoin introduced the blockchain technology to the world but its tremendous potential led to new applications of this technology and opened new avenues for growth using blockchain.

Businesses in multiple industries are using the blockchain technology to reach new markets and boost profitability. One of the industries that have drastically transformed with the advent of this powerful technology is the banking sector.

Let’s delve deeper into how blockchain is helping the banking industry to overcome the challenges.

  1. Quicker Transactions

In the contemporary digital era, customers are used to faster services that don’t take more than a few minutes to materialize.

Blockchain Training in BankingNow one of the major challenges faced by the traditional banking systems is that it takes more than the necessary time to settle financial transactions carried out between two parties. The average time taken earlier was between 1to 3 days.

This processing time will not be entertained by customers in the present. Blockchain is a highly decentralized technology that eliminates mediators to verify and process the transactions. Banks can effectively use blockchain to reduce their processing time and enable faster transactions.

  1. Fraud Detection & Enhanced Security

The traditional banking system is full of loop-holes that are used by cybercriminals to leak vital information, hack bank accounts and carry out fraudulent transactions.

blockchain Training in BankingIdentity theft is also a common problem in the modern digital age. Banks need better protection against these cybercriminals to detect fraud and eliminate the chances of data leakage.

Blockchain solves this problem to a great extent as it uses cryptography and decentralized system to record financial data.

This minimizes the probability of data leakage and manipulation to a great extent. This makes blockchain indispensable for the banking system when it comes to securing financial transactions and vital data.

  1. Better Data Quality

Data quality improvement is certainly one of the most important benefits of using blockchain technology in banking. Traditionally the banking related data was stored by banks in multiple locations with different parties having access to each.

Blockchain Training in BankingThis allows easy data manipulation without any repercussions but given the blockchain highly decentralized structure it is almost impossible to manipulate data without being caught.

Systematic storage of data without any user-bias makes it more authentic and helps banks to better target customers and increase their profitability. It also instils more accountability in the whole banking process.

  1. Cost minimization

Yet another important benefit of blockchain that has been changing the banking industry drastically is its cost minimization benefit. The traditional banking system involves a lot of intermediaries to process and facilitate financial transactions.

Blockchain Training in Banking

Blockchain helps to remove all these unnecessary financial intermediaries and reduces the cost drastically which resulted due to increase involvement of middlemen. Smart Contracts are being used by banks to reduce administrative charges and enforcing contracts.

A smart contract automatically executes and enforces legal actions as per the terms and conditions of the contract.

  1. Better Financial Inclusion

Financial inclusion has been a major challenge, especially in developing countries where there is a high population living below the poverty line. These people fail to open a bank account or avail other financial services due to high fee and associated costs. Blockchain technology eliminates all irrelevant mediators and helps to drastically reduce the cost associated with carrying out financial transactions.

This will help more people to avail banking-related facilities and help bring more financial inclusion. In addition to this, it also helps small players in the industry to compete against the big banks and gain a fair share of the market. Blockchain in the digital age will surely boost financial inclusion.

Banking has always been a preferred career option for the majority of people who want to build a long-term successful career with rewarding perks. A career in banking today requires more than just traditional banking skills.

One can opt for the Imarticus banking course to obtain knowledge and skills relevant in the contemporary banking sector.

It will help to boost your job prospects and give you an edge over the competition. Imarticus banking training also guarantees job assurance with the most reputed players in the banking industry.

What is Ethereum Blockchain?

Posted on by Imarticus Learning
Reading Time: 3 minutes

If you keep tabs on areas such as banking, investment, cryptocurrency over the last decade, you may be familiar with the term “blockchain”, essentially a digital ledger-keeping technology behind cryptocurrency. Likewise, when you are familiar with cryptocurrency, you may hear of Ethereum, the second-largest cryptocurrency in the market after bitcoin and most actively used in blockchain.

Let’s dig and learn more about the topics – what is blockchain, what is blockchain technology, how does blockchain work, how to become a blockchain developer, what is ethereum blockchain, etc.

What is Blockchain and How Does Blockchain Work?

Blockchain is a database system that stores data in a way that makes it very difficult to hack the system. Blockchain gathers new information in a group called block, and once the block storage is full it is chained onto the previous block. Blockchain can be used to store various kinds of data but mostly used to keep a ledger for a transaction.

Blockchain was initially invented to keep track of all Bitcoin transactions. In cryptocurrency use-cases, blockchain works in a decentralized way and decentralized blockchains transactions are recorded with an irreversible cryptographic signature called the hash. The decentralized databases, managed by multiple participants are known as Distributed Ledger Technology (DLT).

What is Blockchain Technology?

Blockchain technology is a structure to store transactional data, called a block in multiple databases, called a chain, in a network connected through peer-to-peer nodes. All the transactions recorded in this ledger are authenticated by hash, safeguarding from tampering. Blockchain relies on key technologies such as cryptographic keys and a peer-to-peer network containing a distributed ledger.

Blockchain technology uses hash encryption to secure the data, depending mainly on the SHA256 algorithm. In blockchain technology, data entry to the ledger is called “mining”. Mining involves the generation of hash for a specific transaction.

By all means, blockchain ensures a higher level of security and can support various industries like finance, supply chain, manufacturing. Blockchain founders are working towards the expansion of blockchain technology and influence in various industries. Judging by the success, blockchain could rule the future digital world.

How to Become a Blockchain Developer?

Blockchain developerBlockchain technology is still in its nascent phase. High demand, lucrative pay scale, and opportunity to work in cutting-edge technology are few notable reasons that make this career path worthwhile.

To become a blockchain developer, you should start with blockchain concepts, ideas, and architecture. Learn decentralization, the use of consensus in the blockchain.

Become familiar with glossaries and principles of blockchain. Learn cryptography, related algorithms and solutions, and blockchain ecosystem. Be familiar with real-time use cases.

Chartered Financial Analyst courseTo start coding, beginners are recommended to start with Solidity. Learn to create simple blocks, blockchain, implement genesis block, add the block to the chain, validate, and perform a test run. Subsequently, proceed with advanced features like Smart contracts, build the decentralized applications.

Many institutes offer quality courses on blockchain such as Imarticus Learning’s premier FinTech certification course that is offered in collaboration with SP Jain School of Global Management. This course teaches you multiple cutting-edge technologies including blockchain using hands-on training from industry experts, real-world case studies, and projects.

What is Ethereum Blockchain?

Ethereum is a blockchain platform with its cryptocurrency called Ether or Ethereum. It uses its programming language, Solidity. It is decentralized and is an open-source blockchain with a smart contract facility. Ether, the native cryptocurrency of Ethereum is the second-largest cryptocurrency after bitcoin by market share.

Ethereum is the most widely used blockchain. If we compare bitcoin to Ethereum, bitcoin is just a cryptocurrency, where Ethereum is a technology with its cryptocurrency. Both bitcoin and Ethereum operate on blockchain but Ethereum is far more robust.

Related Articles:

Career Opportunities In Blockchain And Skills Required To Increase Job Prospects!

How Do You Get The Blockchain Certification Online?

What Is Blockchain Developer Salary?

What Is A Blockchain Course?

Blockchain: The Numerous Career Prospects It Offers, And Skills Required To Build A Successful Career

Posted on by Imarticus Learning
Reading Time: 3 minutes

The market for blockchain experts is booming. Since the arrival of Bitcoin, blockchain has been an attractive technology for companies all over the globe.

 

How to become a Blockchain DeveloperFrom healthcare to finance, companies in nearly every industry are looking to apply blockchain and get ahead of their peers.

The following article will shed light on various issues related to this technology such as what is blockchain technology, how does blockchain works, how to become a blockchain developer, and much more.

What is blockchain? How does blockchain work?

Blockchain is a particular kind of database. It stores information in blocks and whenever new information is added to the blockchain, it is entered into a new block. While a traditional database has one owner of the information, a blockchain stores information with multiple users, which makes a huge difference.

Whenever a new block is added to a blockchain, it is given the exact timestamp. One of the biggest highlights of blockchain is it offers decentralization. This means a central authority doesn’t have control or ownership over a blockchain network. Instead, all the users share authority and ownership.

Every node in such a network has a complete record of the data. This allows the system to function smoothly even if one node gets disrupted. That’s because if a node will get corrupt or disrupted, other nodes will have the necessary data to continue the process.

One of the most popular applications of blockchain is Ethereum.

What is Ethereum blockchain?

Ethereum is a popular cryptocurrency that uses smart contracts for completing transactions. To understand what is Ethereum blockchain, you should be well-acquainted with Hyperledger and smart contracts. You can learn about them while preparing to become a blockchain developer

How to become a blockchain developer?

Now that you know what is blockchain technology, we can discuss the process of becoming a blockchain developer.

Blockchain developers are responsible for building blockchain-based solutions for their organizations. They are familiar with the fundamentals of blockchain, cryptocurrencies, and their applications. The demand for blockchain developers is on the rise because this technology is relatively new but has many applications in various industries. Companies want experts who can help them build and maintain blockchain-based solutions.

To kickstart your career in this field, you should get a blockchain course. A course in this subject will help you study its various concepts and test your knowledge through projects and assignments.

A Blockchain online training would also let you study directly from industry experts so you can resolve doubts quickly and avoid getting stuck on complex topics. Another advantage is that completing a blockchain course would certify you as an expert in this subject.

Recruiters are always on the lookout for certified professionals in this sector because certification shows the person is highly skilled and well-acquainted with the subject.

Conclusion

Blockchain is certainly a revolutionary technology. It has made a huge impact on the finance and tech industries and companies are actively working towards utilizing it further.

how to become a Blockchain developer?There’s a bright scope for blockchain developers in India. If you’re interested in becoming a blockchain developer and want to learn what is blockchain, check out this blockchain course offered by Imarticus.

Related Article:

https://imarticus.org/how-imarticuss-future-learning-program-carved-a-career-in-fintech-industry-an-interview-with-abhilash-chatterjee/

Who provides the blockchain certification and how long is it valid for?

Posted on by Imarticus Learning
Reading Time: 2 minutes

Who provides the blockchain certification and how long is it valid?

Blockchain is a term that refers to the peer-to-peer transaction of the digital assets created to support a crypto-currency called bitcoins. In today’s era of continuously advancing technology, blockchain has a wide range of applications including healthcare, government, finance, manufacturing, and distribution resulting in huge demand for blockchain professionals. 

Blockchain is not a single technology but an architectural principle that requires a piece of specialized domain knowledge. This domain knowledge can be acquired with the help of online training courses and certifications available in this technology. Certified professionals have an additional advantage of validating their knowledge.  Presently, there is a huge demand for certified blockchain professionals in the market.

A certified blockchain professional is required to have profound domain knowledge of the technology so that he/she can build blockchain-based applications for businesses. Once a person has acquired the domain knowledge, they must be very clear with the type of certification. A check on the pre-requisites of a particular course is also a must. When a person is confident with the mentioned criteria, he/she can take up the course to become a certified professional.

Most of the e-learning websites offer courses on blockchain specialization but they are not very holistic. Therefore, choosing the right course is very important. Some of the preferred courses for blockchain certification and specialization are listed below.

Blockchain Council

Blockchain council offers a wide range of blockchain certification courses for individuals who not only want to expand their knowledge but also want to apply it to solve real-world problems. The various types of certifications offered by the blockchain council are certified blockchain experts, certified blockchain architects, certified blockchain and HR professionals, etc. These certifications are valid for a lifetime.

Cryptocurrency Certification Consortium(C4)

C4 offers certification to individuals who have already established some kind of expertise in blockchain technology. It provides certification in fields like certified bitcoin expert and cryptocurrency security standard auditor.

IBM Developer Works

IBM offers certification courses for strengthening the basic building blocks of blockchain technology as well as for getting deep knowledge about the concepts. The certification contains an open badge that lets people share the authenticity and validity of the certification.

Edureka’s Blockchain Online Course[MOU1] 

Edureka offers online certification to individuals as product managers, solutions architects, support professionals, project managers and software developers who want to get a basic as well as in-depth knowledge about blockchain technology. The certification requires some pre-requisites such as a basic knowledge of networking and Linux operating systems. These certifications are valid for a lifetime.

RMIT University

RMIT is Australia’s first university that offers a course on blockchain technology. It is developed in collaboration with Accenture and the largest fintech hub of Asia named Stone and Chalk. It is an 8-week long course dedicated to both the theoretical and practical aspects of blockchain technology.

Conclusion

Blockchain has revolutionized the trade of digital assets. Through its concepts of validation and verification, it creates a strong trust amongst unknown peers, resulting in huge demand for a blockchain career. Online courses have made it possible for individuals to increase their practical as well as theoretical knowledge about technology. A further contribution and boost to an individual’s career are provided by the certifications through online training and courses in blockchain technology.

 

What Are The Objectives of Online Blockchain Training?

Posted on by Imarticus Learning

Reading Time: 2 minutesOnline training, also known as distance learning or e-learning is a self-paced customizable mode of learning designed to meet a learner’s requirements. It offers several advantages to a learner such as reduced cost, increased instructor-student time, networking opportunities, documentation and much more.
Online training is possible in almost every domain today whether it is technological like blockchain, machine learning, artificial intelligence or non-technical like aptitude, reasoning, etc.   Blockchain is a buzz word in the 21st century and a very limited number of schools, colleges or universities conduct its training as a part of the curriculum leading to an increment in online blockchain training.
Blockchain was discovered in 2009 when a person (or group of persons) called Satoshi Nakamoto devised a decentralized technique of peer to peer transfer of digital assets among unknown peers. Most of the renowned companies today like Microsoft, Amazon, Facebook are working with the blockchain technology to integrate it with the new-age technology. Fully aware of the fact that blockchain is extensively in demand, there is an increased trend of people pursuing a lucrative blockchain career.
Hence, we need to understand the objectives of online blockchain training which are listed below.
Self-Paced Learning
The understanding and retention ability varies from individual to individual. Online training allows an individual to learn at their own speed resulting in a calm and stress-free learning environment. If the student is unable to get a complete understanding of a concept, he/she can go back and revisit the lessons as many times as they want. This system makes online learning very user-friendly.
Online Certification
Due to the easy availability of topics online, there is an increasing trend of e-learning among individuals. Several e-learning sites today offer courses from the most renowned universities in the world at an affordable price. The online certification not only boosts the morale of an individual but also adds great value to his/her blockchain career opportunities. There are a large number of top-notch companies providing high salary jobs to people who specialize in blockchain technology.
Increased Practical Knowledge
A good understanding of concepts is the key to implementation. It applies to all fields whether technical or non-technical. Online blockchain training involves the rendering of information by industrialists and specialists making it easier for the learners to grab the concepts. It also includes several assignments that provide hands-on experience to an individual resulting in increased practical knowledge.
Flexibility
Online blockchain training has replaced the traditional custom of attending lectures and classes to a more comfortable and flexible mode of learning. Learners can attend online training from their homes, working desk or even during a working lunch.
Cost-Effectiveness
Online training is cost-effective in that, it saves the individuals from the travel expenses of visiting the actual training locations. It provides certification in the desired field at an affordable price from one of the best organizations in the world, providing an opportunity to learn regardless of the financial constraints.
Conclusion
Online training has revolutionized the world of learning. It has created modern trends in the learning patterns. It offers an easier and smoother learning path where anything in terms of education can be accomplished at any time by anyone! Online training in blockchain provides a good understanding of the key concepts such as verification, ledger, consensus, crypto-currency and secure transactions.
It also offers good career choices through its new-age technology courses. Hence, it is safe to say that online training in blockchain has not only helped the people who are enthusiastic about the concept but has also resulted in increased demand for online learning.

How A Blockchain can boost HR hiring in the Gig economy?

Posted on by Imarticus Learning

Reading Time: 3 minutes 

If you are not very familiar with the functioning of the blockchain technology then you’re in for a treat. The functioning of blockchain technology involves using a distributed ledger to record transactions of value removing the middlemen in the process and establishing accountability and authenticity in the recording of data.

In the nascent stage of the technology, the major implications were recognized in the field of finance and related sectors.  Forming the backbone of the cryptocurrencies, the blockchain technology has unraveled a plethora of opportunities for a new economic structure.

Capitalism has evolved to shape a new form of capitalist-proletariat relationship, the new era has a lot in stores for those who don’t want anyone else bossing around. The Gig Economy has been a boon for those who choose to be their own boss. It’s different from a contract and far away from the permanent role of an employee.

The gig is a slang used in the English language for short term work usually a contract with a company, where independent workers offer their services for the said duration or for the completion of the project.

The Gig Economy has been flourishing in the times of the digital buzz, in the digital age location is no longer a factor taken into consideration for employment, making a large population of workers available for independent contracts to earn their livelihood.

The Gig economy puts the free forces of capitalism into an effective state, filing up the demand and supply gaps with independent workers. This version of the economy prioritizes a skill-based approach for work rather than the traditional method of educational qualification.

The gig economy also factors for the frequent job change by the millennials creating a better version of employment that suits their needs. The rise of freelance workers has been drastically high creating room for more autonomy and work-life balance.

The digitized version of money in form of cryptocurrencies and the digital workforce puts blockchain and the gig economy in a contextual frame. The gig economy is bringing a cultural and occupational change in the digitalized world! The gig economy is cultivating the entrepreneurship instinct among individuals.

Blockchain in Human Resouce

On a more thought-full note, the implications have also been recognized in the Human Resource sector. Hiring a candidate fit for the role with optimum skillsets is a bigger challenge than it seems, people might think that there are millions of job seekers who are looking for employment but how they fare on the criteria of the company is a different story altogether.

To judge a candidate on the basis of the skills they possess the people in the hiring department need a piece of evidence in the form of degree and certifications verifying the stand of the candidates. Job seekers carry the physical copies of certifications and degrees with them every time they go for an interview.

Blockchain courses aim to address the above-mentioned problem by creating single digital storage of all educational and professional qualification spread across different databases so that the only thing the recruiters need will be that single digital identity. This will also help to address the problem of fake qualifications mentioned on the resume, which candidate often attempt to do in order to gain better employment.

Background screening & payroll are the two scenarios where the use of Blockchain seems very possible and it will also aim to address all the loopholes that the present system has inherited. Blockchain will help to keep a record of the education and skills and workplace performance of employees securely.

Most gigs are typically a short term contract, to hire people for a contract bug companies use intermediaries to do the job on their behalf of finding gig workers, Blockchain steps in to remove the intermediaries from the picture. Gig workers can be employed for projects without complex verifications as most gigs are skill-based instead of prioritizing educational requirements.

The gig workers have their own set of problems when it comes to being paid for their services, they have to wait for a longer period to earn their much-deserved paychecks, blockchain can efficiently solve all these issues and help cultivate the gig economy to larger scale.

Conclusion

With the numerous implications of the revolutionary Blockchain technology based on the concept of distributed ledger, the HR segment has many benefits to avail. From impeccable background verification to holding records of employees to removing the intermediaries required to hire gig workers blockchain brings a whole lot to the table.

What Are The Benefits Of Cryptocurrency And Trading Blockchain?

Posted on by Imarticus Learning

Reading Time: 2 minutes

Cryptocurrency has been dominating the market in recent years. It has been a replacement for the traditional modes of transactions such as cash and credit cards. Cryptocurrency is a financial platform that allows for an easy transfer of money through digital means. This form of currency has had an increase in popularity. It is taken as a viable option for investments in terms of the future growth and development which it promises. The blockchain training technology has been the major reason for the upsurge in the current value of the Cryptocurrency and has further scope for improvement.  

Imarticus Learning, a renowned and prestigious institution, is an expert in the field of Cryptocurrency and courses that involve blockchain training. The course is developed to give people a basic idea about Blockchain and the various aspects that are involved with the same. The participants are taken through a thorough explanation of the working and the mechanism of the blockchain system.

Some of the advantages of choosing cryptocurrency over traditional methods, as the primary sources for the transactions and investment, are given below: 

  • Transactions: The traditional form of transactions often transfer from one individual to another before reaching the final recipient; this accounts for a higher rate of expenditure. Cryptocurrency makes it possible to handle one on one dealing of the transaction without having to go through the hassle of approaching a middle man.
  • Transfer of Assets: The contract that is involved while handling transactions using cryptocurrency can be drafted in accordance with the needs and the convenience of the user. The design of these contracts can be done in  a way that creates an impact on the approvals that are needed and the exact time of the transaction that is to be made. This reduces the time and the expenses that go into making a transfer of assets.
  • Confidentiality: The transactions made through blockchain cryptocurrency enables the users to avail the option of not having to reveal valuable information regarding any kinds of previous transaction, thus keeping the confidentiality enact. 
  • Transaction Fee: Regular modes of transfer of money from an individual or business organization to another requires a certain amount, which is classified as transaction fee. This fee could be quite high in most cases, especially when considering scenarios in which large amounts of money are being transferred at regular intervals of time. To avoid having to pay extra for such transactions, an individual can opt for dealing with cryptocurrency as there would not be any requirement for an external source of cash. 
  • International trade made easier: The usage of traditional methods to carry out international trade can be quite tiresome, to say the least, due to the heaps of paperwork and procedures that are involved. The peer to peer blockchain training technology that is used allows easy trade to international destinations without any complications. 
  • Increased access to credit: The requirements that are needed to handle cryptocurrency are very basic. A working data connection, beginners’ knowledge on the networks involving cryptocurrency, and the availability of the portals are needed while handling such dealings. These easy proceedings make it convenient for a larger population to be enrolled in the dealings that take place using cryptocurrency and blockchain trading.


Adaptability: In today’s world, there are numerous types of cryptocurrencies available in the digital market. This is an important part of the flexibility that is offered by the usage of cryptocurrency as a mode of making the major transaction within the nation or otherwise.

How A Blockchain Can Be Used In P2P Network?

Posted on by Imarticus Learning

Reading Time: 3 minutesHow A Blockchain Can Be Used In P2P Network?

Making the blockchain technology decentralized is dependent on the peer to peer networks that are also known as crypto circles and their laying out and propagation as the base foundational layer. They are smaller networks popularly also called P2P networks that last forever and are the “censorship-resistant” factor of the blockchain itself.

P2P networks are no new concept with Napster the first popular network with over 80 million global users having to be shut down in 2001 because it allowed illegal music downloads. And from the remnants emerged BitTorrent the file-sharing system that is an active P2P network very popular today.

The Bitcoin network used both the secure transactions feature of the blockchains and the decentralized feature of the peer to peer networks. The network thus provided a zero-fee alternative financial system wherein the digital value was traded in as cryptocurrencies or virtual money. Bitcoin’s infrastructure layer and its subsequent success regenerated the importance of P2P networks as a viable method for the functional and technical protocols. This was quickly lapped up by many Fintech startups and enterprises that emerged using the success of the P2P networks.

Peer-to-peer blockchain networks are akin to social living organisms. They form an important of the infrastructure and consensual technology that they are dependent on. Transacting humans have to reach an agreement and publish the issue across the node-containing network for validation by providing the right solution to the poser. A large number of nodes ensures that the cooperation-based transactions of all participants generate the blockchain training resources that contribute to the evolution of the P2P network and is the key factor for authentication and validation of the transaction and users transacting.

The important benefits of the P2P network are:  

  • The permissionless number of nodes continues to be self-feeding and continuously growing.
  • The nodes are self-rewarding.
  • The self-governing progression promotes survivability and resiliency.
  • A degree of anonymity ensures the origin of work is hard to pinpoint.

The legal implications of the search function:

There will shortly come a time when the data on alternative P2P networks like the traditional searches on Google or Googling will be large enough and revealing or trading in decentralized content will be a fact. Unless Google updates their security, such content will find its way into the hands of crawlers who will make the discovery of decentralized content easy to achieve.

We also need to be aware of the consequences of the ethical, moral, and lawfulness aspects of decentralization of blockchain training in P2P networks. What would happen if the unstoppable P2P networks get used for the wrong and illegal? Has anyone found a viable solution for clearing the stable of offensive and illegal content and punishing the creators or originators of such wrongful use of the P2P networks? At some point in the recent past, this was the issue with the Internet being used for immoral and illegal uses.

Yes, there will always be the few rotten apples who will use any means to achieve their goals be it the internet, blockchains or satellite P2P networks. But let us not forget the example of Napster which was forced to shut down for infringing on the rights of musicians by allowing illegal downloads. Or the Craigslist was forced to take down their Personal section after the US Congress Bill held them responsible for facilitating and promoting the prostitution of other persons and sought to levy 10 years imprisonment, fines, and such enal action if it was not closed out. Someone clearly let Google get away with the exact same behaviour!

The future of the unstoppable and viable P2P networks can’t be compromised as they are the building blocks for the next-gen functional blockchain training capabilities, decentralized protocols, and P2P applications. The time is not far away when multiple P2P networks will use blockchains for validation, decentralized identity-linked networks for security, and another P2P network for storage.

Conclusions:

Important questions persist regarding whether the P2P unstoppable networks will be used as a tool for good reasons and benefits or as a weapon in the hands of the bad for illegal, corrupt promotion of causes. It is hoped that most of the applications will emerge on the just and right side as the new and powerful tools of the future. If you want to learn more about the way P2P networks and blockchains function you could do a blockchain training course at the reputed Imarticus Learning Academy. Why not start now?

What Is The Growth And Future Of Fintech From Wire Transfer To Blockchain?

Posted on by Imarticus Learning

Reading Time: 3 minutesFintech is a great combinational technology combining the benefits of finance and technology and is omnipresent in nearly all fields and daily applications.

From literally every activity like banking online, paying your bills or more developed blockchain training based applications like transferring funds to a remote unbanked location are fintech applications of interest that we have become so familiar with, that we take them for granted.

A bit of history: 

Way back in 1918the first Fed wire Funds Service introduced by the US Federal Reserve Banks achieved the first fund transfer electronically based on the then-novel Morse and telegraphic cabled lines. In 1950 the first credit card or Diners Club card was introduced by Frank McNamara. Seventeen years later the London branch of Barclay’s unveiled the first ATM machine.

The progress of technology was very slow and these events were forerunners of today’s rapidly transforming fintech technology based on Blockchain training of the systems involved to harvest the many benefits of modern times.

The advent of the internet sent technologies like AI, Ml and Deep Learning spiraling to the forefront. Many revolutionary concepts like mobile phone banking, bank accounts online, etc saw success and adoption post the internet introduction. This was truly the baby-steps for a revolution presently termed ‘Fintech’.

Fintech stepped into the limelight with the introduction of 2009 founded Bitcoin cryptocurrency which was possible because of the innovative blockchain technology it was built on. Eight short years later the mania for cryptocurrencies saw the Coinbase crypto exchange exceed the value of 1.5 billion USD in transactions.

From there on till date blockchain training and fintech have become essential in the technology programs of almost all industries. Today, it has become adopt or be obsolete. The banking sector was turned disruptive at 72 percent. In a short time, the 84 percent insurance giants will also turn disruptive and their collaborations with fintech enterprises will see them transform through technological innovations and use of blockchains. The pace has been set by some insurance firms accepting term insurance premiums online and even earning rewards like discounts for doing so.

The future is encouraging:

Fintech has seen much development with advancements and disruptions sourced from the fields of AI, cloud storage, blockchain training technology, and crowdfunding. A whopping 46 percent of large applications of fintech companies are AI-based. Some of the very good applications in improving back-end processes and customers lines are already functional and estimates say 95 percent of the customer interactions by 2025 will be taken care of by chatbots like Sofia.

Financial improvements are visible with data analysis and compliance applications being developed by the moment. Cloud storage is using blockchains for cybersecurity and record storage. Regtech is the newly-introduced technology to ensure regulations in banks and financial institutions are met.

Banks and fintech:

Traditionally banks had a stranglehold on financial transactions and charged a fee for every transaction. The number of branches was also limited geographically and the numbers of the unbanked got swollen just before the introduction to cryptos. Blockchains made zero-fee financial transactions transparent, immutable, secure and near-instantaneous immaterial of geographical locations.

Big banks adopted fintech to cut costs and retain the competitive edge. They were quick to realize that they could achieve a 30 percent infrastructure reduction and save up to 12.3 billion USD per annum using blockchain technology. Santander, Bank of China, and UBS are leading the way in introducing Ripple a bank compatible crypto in 15 of the 50 big banks. It is anticipated that by 2020 more than 77 percent of the banks would have on-boarded the blockchain technology.

The future for fintech and its enterprises is definitely bright as it has just exposed the tip of the iceberg of potential. Cybersecurity and cloud storage will see a lot of innovation and applications. Authentication modes are set to change with fingerprint scanners, iris scans and such technologies being exploited. Micro-embedded wearables, voice recognition technology all seek to implement the concepts of simplification, ease of operation and personalization which will see improvements in leaps and bounds.

Parting notes:

No matter what the future of fintech is the brilliant blockchain technology is all set to improve our lives with fintech applications. Now that you know the history, progress and have had a glimpse of the future, it is time to contribute to being ahead of the curve of fintech development by doing a blockchain training course at the reputed Imarticus Learning. They are the pioneers of training in emergent technologies to help you emerge career-ready.

For more details in brief and for further career counseling, you can also visit – Imarticus Learning and can drop your query by filling up a simple form or can contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Banglore, Hyderabad, Delhi, Gurgaon, and Ahmedabad.