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Tag: Blockchain training

How Blockchain Technology is Transforming Industries: A Comprehensive Overview of Blockchain Course

Posted on by Imarticus Learning

Enter a universe where opportunities are endless, and creativity has no boundaries. Welcome to the blockchain technology world, where we can watch different sectors develop. 

best Fintech course in India

In this blog, we set out on an exciting quest to investigate the transformational potential of the blockchain revolution, probing deeply into its complexities and revealing the numerous ways it is changing the landscape of several industries. 

The disruptive impact of blockchain is evident, significantly impacting industries, including supply chain management, healthcare, and finance. So buckle up and be ready to see the beginning of a new age.

What is blockchain?

Blockchain is a decentralized, distributed, and secure data storage method. Without mediators or centralized agencies, transactions are validated and documented using encryption. Digital currencies, smart contracts, supply chain management, identity verification, and other uses are all possible with blockchain.

Financial services provider Blockchain.com (formerly Blockchain.info) specializes in cryptocurrencies. The business started 2011 as the first Bitcoin blockchain explorer before developing a cryptocurrency wallet responsible for 28% of all Bitcoin transactions from 2012 to 2020. Additionally, it runs a cryptocurrency exchange and offers data, charts, analytics, and institutional financing services.

Think of the world as a gigantic book that everyone shares. Everyone has access to this book, which contains every transaction ever made. Nobody can alter any of the entries in this book, which is continually updated. 

A blockchain works like this. It is a tamper-proof, transparent, and safe method of storing data. Blockchain has the power to alter the course of history. It may be utilized in several sectors to boost productivity, cut expenses, and promote transparency. 

The impact of Blockchain technology on industries

Information is essential to business. It is best if it is received quickly and is correct. Blockchain technology adoption for delivering such information, because it offers real-time, shareable, and entirely transparent data kept on an immutable ledger and accessible exclusively to members of a permissioned network. 

Among other things, a blockchain network can monitor orders, payments, accounts, and production. Additionally, because everyone has access to the same version of the truth, you can see every aspect of a transaction from beginning to end, increasing your confidence and opening up new prospects.

Key elements of a blockchain

  • Distributed ledger technology: This type of distributed ledger is not kept on a single computer. It is instead kept on a computer network. Because of this, it is highly challenging to hack or alter the data.
  • Immutable records: Data entered into a blockchain cannot be modified after it has been added. This is since each block in the chain includes a hash of the one before. Any changes to the contents in a block will cause the hash to change, invalidating all blocks after that point.
  • Smart Contracts: Self-executing “smart contracts” are kept on the blockchain. They can therefore be used to automate agreements and transactions.
  • Transparency: All blockchain transactions are visible to the public. Anyone may view them because of this. This may contribute to improved transactional transparency and trust.
  • Security: Blockchain is a fairly secure technology in terms of security. This is so that the data cannot be easily hacked or altered.

Comprehensive overview of Blockchain course

A blockchain course is one educational program that teaches students about the technology underlying blockchain. Blockchain, a distributed ledger system, enables safe, open, and unchangeable transactions. The core technology powers digital currencies like Bitcoin and Ethereum but offers various possible uses.

Students may learn the fundamentals of blockchain technology via a blockchain course, including how it functions, its benefits and drawbacks, and its applications. Additionally, it may instruct students on the programming languages required to create blockchain applications.

Blockchain courses come in various formats, both online and offline. Some courses are for novices, while others are for developers with more expertise.

 It covers topics such as:

  • The Origins and Development of Blockchain 
  • The principles and ideas behind it
  • The properties and characteristics of various blockchain platforms
  • Blockchain applications and use cases in many sectors 
  • Adoption of Blockchain: Opportunities and Challenges
  • The top techniques and resources for creating and implementing blockchain solutions

The blockchain course is for students of various skill levels, from novice to expert. It provides interactive lectures, tests, projects, and assignments that will aid in your understanding of blockchain theory and application. Additionally, you get access to live sessions, mentoring, and assistance from peers and seasoned instructors who will help you as you progress through your learning process.

The Final Words

One revolutionary force has developed in the enormous technological environment, leaving an enduring imprint on several sectors. It is none other than blockchain, a potent disruptor that has sparked the curiosity of inventors, businesspeople, and visionaries alike.

Blockchain has broken through the conventional barriers in the financial sector, launching us into a world of frictionless transactions, open accounting, and increased confidence. The power of decentralized cryptocurrencies has itself decentralized, giving people access to previously unreachable possibilities and financial independence.

The Professional Certificate in Fintech, developed by Imarticus Learning and SP Jain School of Global Management, is Asia’s top Fintech certification program. Your ability to flourish in the Fintech sector will be enhanced by taking this course. You will interact with business executives and industry professionals while working on real-world case studies and learning from subject-matter experts. After completing the course, you will be prepared to start or enhance your career in fintech.

May you continue to seek knowledge, drive change, and embrace the boundless opportunities that blockchain technology presents. Remember, the power to transform industries lies in your hands.

How Blockchain Can Help To Aviation Industry’s Services?

Posted on by Imarticus Learning

The modern airline industry has advanced quite a lot in the past few years, and yet there are some drawbacks in the industry that need to be fixed before it can realize its true potential. One such area of optimization and improvement in the airline industry is data collection.

Today the airline industry collects data on its planes through the use of 40 or more systems, and each of these are stored in different locations, owing to which there is no central database through which the entire flight system can be managed at the same time. This process of data collection not only leads to mismanagement but also a huge cost incurred due to the maintenance of multiple systems, sometimes by competitors in the same industry.

A Decentralized Management System 

The use of blockchain technology in the airline industry can prove to be beneficial and helpful across many different sectors. For example, at present, when a plane is serviced or repaired, multiple systems capture the state of the new components being installed, but often this data is not accurate.

Blockchain CareerOn the other hand, if a digital ledger is created through blockchain training, it can take a snapshot each time a component is replaced or repaired, along with the credentials of the manufacturer, assembler, and technician. Through this snapshot, a real-time clone of the component can be created, which can then be monitored to understand the overall condition of the system.

And the application of blockchain doesn’t stop here. Following the above-mentioned example, the same principle can be applied to each and every component of the airplane, thus facilitating the overall monitoring of the entire system at all points in time.

Implemented at a large scale, the application of this system can help in:

  • Significantly reducing the overall cost of maintaining airplanes and also reduce the amount of downtime due to unplanned maintenance.
  • It can significantly increase the value of planes when being sold in the secondhand market, as a clear real-time snapshot of the entire system can be shared with the buyer immediately.
  • Increasing the productivity of workers, both in maintenance as well as in manufacturing, as the overall system will work in a much more controlled, efficient, and timely manner.

Areas of Improvement

Although the larger impact of blockchain implementation on the airline industry is yet to be estimated, there are three main areas where the immediate benefits can be witnessed.

Maintenance

  • Efficiency: With the implementation of blockchain technology, the current time spent by professionals on routine maintenance and inspection will be drastically reduced.Blockchain Career
  • Defeating Duplicacy: A common issue with the airline’s spare parts industry is the fact that often buyers are duped via duplicate parts. With the implementation of blockchain, buyers can immediately compare their products to a ledger and thus confirm authenticity.

Finance

  • Increased Value in Reselling: Due to the absence of a real-time maintenance record, the price of airplanes in the secondary market is often less as the actual condition of the plane and its components cannot be correctly estimated. With blockchain technology and the creation of a real-time ledger, this issue can be immediately addressed.

Workforce

Every year, the airline industry employs hundreds and thousands of professionals around the world, and while there is a system to maintain them, a system of verification and identification is absent. With the implementation of blockchain technology, a ledger of personnel can also be included, which will assist in better monitoring and overall management.

Conclusion

The right implementation of blockchain technology can create many benefits for the global airline industry and thus if you want a blockchain career in the airlines industry now is the time to start.

How Blockchain is Changing Banking Industry?

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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.

Why Do You Want To Join Fintech?

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What is Fintech?

The word Fintech is an amalgamation of Finance and Technology and that’s what the Fintech industry is all about. Fintech can be seen as the evolution of the traditional banking and finance industry. It’s more about solving the challenges faced by the traditional banking and finance segment using cutting-edge technology.

The technological evolution in the financial services industry aims to automate and improve the services provided by banks and financial institutions. Fintech technology can help big businesses to manage their finances easily and curb any anomalies that exist in the system.

Fintech has been a boon for the consumer of banking and financial services as it has improved customer satisfaction and worked on the pain points of consumers. It integrates technology to offer financial services in an optimized way. It has made businesses more customers oriented and has reduced the daily hassles of the consumers.

Originally Fintech operations were limited to the backend of reputed financial organizations, over the years the scope of Fintech has broadened and now it includes other industries such as retail banking, crowdfunding platforms, NPOs, digital wallets, etc. Fintech also entails the formation and use of blockchain-based cryptocurrencies like Bitcoin.

The financial activity that uses Fintech in today’s digital era is enormous. From simple smartphone transactions to raising funds for businesses and managing investments, a whole lot is under the purview of Fintech.

Why should you choose Fintech?

Now that we have understood the meaning and scope of the Fintech industry, let’s delve deeper into understanding why you should choose a career in Fintech and how it will be beneficial for you in the long run. Fintech is among those industries that will reshape our lives in the coming decades. The Fintech industry relies heavily on the use of data and data science.

The scope of employment in the field of data science is enormous and is growing by the day. The Fintech industry is still in its nascent stage of development and has tremendous potential for exponential growth. Just think about the involvement of Fintech in our daily lives. From online shopping to education fee payments, Fintech brings a lot of convenience to customers. Let’s take a look at some of the key job roles that will continue to grow with the rise of the Fintech segment.

Why study Financial Technology?

As financial technologies emerge unceasingly, traditional financial industries are witnessing a dramatic change. The old-fashioned business skills are no longer satisfying enough to meet the new needs of the market. International financial centres are transforming, adapting themselves using the Fintech approaches, and of course, recruiting more and more Fintech related talents around the globe.

Blockchain developer

Blockchain is at the centre of crypto-currency technologies like Bitcoin that comes under the purview of Fintech. This is just one application of the revolutionary blockchain technology which will continue to grow in the coming years. Almost all finance companies will incorporate blockchain in their operations and they will need professional blockchain developers to build and manage the technology. This growing interest in the application and use of blockchain technology will fuel the demand for blockchain developers by companies.

Risk and Compliance

With the growth of Fintech, the traditional players in the banking and finance industry are joining hands with the Fintech players to provide improved services to their customers. Fintech has proved to be a game-changer and so the traditional rules and regulations have also been revamped to overview the operations of companies in this segment. Companies are employing risk control specialists and financial managers to take care of the changing risk and compliance policies.

Cyber-security

As we progress further in the digital era, criminals have also adapted to the changing circumstances and are leveraging technology to commit cybercrimes. Identity theft is among the most common cybersecurity challenges faced by businesses. To tackle these cybercriminals there is a growing demand for cyber-security professionals who could prevent the leak and loss of data from hackers and cybercriminals.

 

Why work in Fintech?

Fintech offers job seekers the chance to work in a highly collaborative and innovative environment. The Fintech industry offers not only an outlet for those seeking a creative challenge but also provides the opportunity for tremendous career growth and professional progression.

The world of Fintech is a great place to work while also growing your skill sets and building a sustainable career. 

The Fintech sector is fast-growing and constantly recruiting. Fintech companies look for a wide range of profiles, so chances are, whatever your speciality you’ll find something for you within the industry. Promotion opportunities are common in this ever-expanding environment, and certain companies offer very attractive employment packages to attract talent. 

A Fintech experience gives you the cutting edge over the competition in the eyes of a recruiter. If your dynamism, autonomy, curiosity, and confidence in facing big challenges are all tested during your visit within a fintech, you can only capitalize on these traits for your future experiences. 

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

Posted on by Imarticus Learning

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.

 

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

Posted on by Imarticus Learning

 

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

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?

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How 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

Fintech 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.

How Is Blockchain Technology Helpful In A Banking Career?

Posted on by Imarticus Learning

How Is Blockchain Technology Helpful In A Banking Career?

The Blockchain ecosystem has the potential to transform disruptively and every industry. The Blockchain career and a banking career with blockchains is the place to be because of the immense scope and demand for trained personnel.

What benefits does blockchain technology bring?

Let us look into the many advantages and terminology of blockchains. A Blockchain career is today popular across verticals and industries like banking, agriculture, healthcare, e-commerce, education, mining, property recording, retail, entertainment, media, automobiles, logistics, transport and many more.

Blockchain technology brings in the important four attributes of immutability, decentralization, transparency, and security. The benefits offered by blockchain technology are:

  • The blockchain data structure is contained in the app-end and causes the data to be immutable, and impossible to delete or alter making its algorithm unhackable at the present time.
  • The data ledgers are cryptography protected and contain hashtag functions from the previous block. This information is verified to complete the cryptography transactional process through crypto mining.
  • The peer mining network has all transactions on the blockchain over all the interconnected computers thus decentralizing the system.
  • User authentication and verification using blockchain technology sans third-party interference.
  • Ledger consensus and record-keeping are enhanced as all data of transactions are contained in the block and are duly verified for maximum trust by the peer network users.
  • The ledger is distributed over all blockchain nodes in real-time.
  • Data is always retrievable and never lost.
  • Transparent transactions ensure the viewing parties are verified authenticated users and reduce transactional ambiguities.
  • Blockchain time-stamping ensures a recorded chronological order.
  • The source of the ledger can be tracked at every block of the chain.
  • Consensus between the parties ensures duplicity and fraud are removed.
  • Smart contracts enable presetting criteria and conditions for automatic recording of transactions.

How do the banks benefit?

According to the experts, bankers, analysts, consultants, etc that spoke to The Financial Times, the top 5 areas that have the potential to be successfully transformed by blockchains are

Settlement and Clearing:

The bank network is a tangled network of securities, investments, and loans that need to be recorded, settled and cleared on a daily basis. And, this costs billions of dollars annually to run. Accenture says that this area of settlement and clearing could save investment banks up to USD 10bn who use blockchain technology for efficient settlement and clearing operations.

Payments:

Payments systems from the central banks globally are moving to explore blockchain technology and shifting payments system processes to blockchains and issue digital tokens that can be used on the stock markets and cashed in at the central banks. Commercial banks to have pushed forward with their own projects instead. Ex: Switzerland’s UBS’ ‘utility-settlement-coin’ akin to the crypto coin issued by the bank. Swift payments, the cross-border payments solution of the banks is fighting off Ripple a San Francisco fintech startup in cross-border payments solutions.

Trade finance:

LCs, trade finance, bills of lading, etc are still paper-transactions sent through post or fax globally. According to the R3 MD, Charley Cooper, this is an obvious area where banks can benefit from blockchains. HSBC’s Head of innovation in commercial banking, Vivek Ramachandran agrees that doing away with physical stamping through use of blockchain transactions could deal effectively with problems like his example of a ship delivery to Malaysia from Singapore taking a day versus the paperwork taking a week!

Customer Identity Verification:

Lenders are in reality trusted custodians of investor’s money and regulators will hold the banking agents responsible for authentication of records and checking the customer’s identity. This area is a vital banking-risk that blockchain-processing can easily overcome. It is an era of start-ups in the KYC blockchain-enabled systems. Some of them are Blockstack, Cambridge Blockchain, Credits, and Tradle.

Syndicated loans:

It takes a long 19 days for US companies to raise syndicated funds from banks. Early repayments and foreclosures are still done on paper. To address the efficiency of this area Credit Suisse and 19 similar-minded financial institutions formed a work-consortium with the blockchain enablers to put the syndicated loans Synaps on a blockchain framework.

Conclusions:

Looking at the benefits of blockchains, one wonders why banks are lethargic in the adoption of the superbly beneficial blockchain technology in banking and its related processes. However, it is also to be noted that the number of fintech startups has gone up in leaps and bounds making a Blockchain career highly lucrative and getting in ahead of the curve.

Make your Blockchain career at Imarticus Learning which is the literal one-stop solution for Blockchain training. For more detailed information regarding this and for further career counseling, you can also contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Bangalore, Hyderabad, Delhi, Gurgaon, and Ahmedabad.