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Tag: Financial 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.

Why Open Interconnectivity of Financial Services is The Future?

Posted on by Imarticus Learning

There are a lot of times when future predictions are made about every industry. So is the case of the Banking and Finance industry.   Banking and Finance industry has been growing consistently but is now experiencing a breakthrough. This breakthrough can be simply translated into two parts:

1. Globalization: Rapid transactions from one territory to another due to import/export of goods and services.

2. FinTechs: An amalgamation of the Finance industry with technology to yield better service and productivity.

This blog is about the second one- FinTechs. FinTechs are redefining the future of banking and finance by creating an ecosystem of faster services and safer transactions. There are a couple of FinTechs which either come as a SaaS or as APIs which can be integrated as and when required to render the right product mix.

To understand which product mix fits the market, there are various institutions which give FinTech courses and FinTech training justifying the demand for knowledge and implementation in the same.

Hence, FinTechs are not just hot topics. Their interconnectivity as API and SaaS comes in the picture while evaluating their scope. Talking about some common APIs in the banking and finance industry, the following are the most demanded ones:

1. 23% – Account and Data Aggregation
2. 16% -Enhanced Credit Scores
3. 16% – Intelligent Financial Management
4. 16% – New Payment Methods
5. 6% – Automated Affordability Analysis

Now talking about how to open interconnectivity of financial services is the future of banking and finance, here are a couple of pointers that will help you to understand the purpose of the integration process in a better way:

1. API Hierarchy: Banks need to constantly experiment with APIs that they want to develop in-house and the ones which they need to get from FinTechs. Such an integration aims to keep the core of the bank constant but at the same time introduce technology in a way that it is helpful to the end-users.

2. Choice and Value for Customers: Many of the private financial institutions strive to maximize value for the customer. Hence an open integration might help them increase their customer base while retaining their existing customers.

3. No Big Players Any More: There are only big players in the financial markets. However, after the coming of FinTechs and API ecosystem, a lot of business has been shifted with the small players breaking a monopoly sort of a structure in the industry.

4. Innovation: With open finance and banking opportunities, the industry can bear the fruits of innovative marketing mix which minimizes the cost and maximizes the value.

Multiple startups are trying to disrupt the whole space with cutting-edge technology and innovations. Hence, there is no doubt about the fact that such an integration of innovation and traditional values of the finance industry would yield better results for the economy as a whole.

Sounds interesting right? The working of markets makes it quite evident as to why the generation must take up FinTech courses and FinTech training if it foresees a future in this industry.

Imarticus Learning is one of the prime institutions delivering FinTech courses to the students. The experienced faculty, cutting-edge teaching methodologies and the right infrastructure at Imarticus Learning make it an obvious choice for students who see a career in Banking, Finance, and FinTechs.

As the icing on the cake, Imarticus Learning is famous for its intensive and immersive training which makes it possible for the student to take courses both online and offline. This makes the courses available to anyone, anywhere. So what are you waiting for? Enroll now!

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?

Why Bookkeeping Bots Are An Important Part Of Fintech Business World?

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Bots can keep your records in various areas of your business and the bookkeeper can integrate the books of the various departments to help you get a complete overview to base your crucial budgeting decisions. No wonder then that the fintech startups focus on bots in record keeping and accounting.

Bookkeeping may be the most boring part of running a business. However, it is the very lifeblood of the startup or business and financial record keeping should never be neglected. Not just from the point of view of compliance or regulations but because it is advantageous in many ways that we are shortly going to look into.

Accurate records of financial transactions are the very same data culled for your forecasts and analysis, budgeting and management. When this is error-free it saves you a lot of time, effort and money in the long run. And in modern times, Fintech courses and data analysis techniques have evolved to a point where bookkeeping can be your best aid in a financial crisis or upheaval. Bookkeeping is progressive, helpful and is a must-do for growth.

Bookkeeping for business analysis:

Let us see how your bookkeeping affects your sense of analysis and business growth. Your daily bookkeeping is the essential data that is being generated 24/7for analysis. It is an effective tool in the hands of decision-makers and guides management decisions.

No matter if you are a startup or small business, remember that your financial statements and records are the basis of assessing your financial health and are the first record verified when seeking funds for growth. That can only happen when financial discipline allows you to check at any moment your outflows and inflows of cash, where the returns on your investment have not been productive, or when you need additional funds to spur growth.

The fintech industry has come up with very many Fintech courses and applications to integrate the accounting system into all parts of the business and modern times require even a Botkeeper to man these bots that automatically take care of your bookkeeping, accounting, expenses, loan repayments, schedules of payments and a lot more.

Hence employing bots is not just to technologically innovate your accounting procedures but to give you an integrated real-time view of all areas of your business. Without doubts, the bots who are here to stay can spur you to success and leapfrog your enterprise to the next level.

Bookkeeping and budgeting:

Budgeting in firms and enterprises is not just about reviewing the past and setting aside finances for the future. The integrated process of budgeting with bots allows the analysis of they’re working the data into forecasts, ROI, comparative studies of investment patterns, and even provide clues as to potential risks and areas for improvement.

Effective managements rely on taking timely decisions and ensuring that timely funding is available. This means monitoring your expenses, being able to foresee the risks involved, creating a road-map for projects and leveraging bookkeeping for growth. Fintech courses also teach you about vital developments like blockchains. The immutable single ledger system maintained by bots gives you the upper hand when budgeting or reviewing managemental decisions.

Bookkeeping and tax preparation:

Keeping track of your taxes, compliance and ensuring adherence to all regulations is another repetitive task that can become very complex and have disastrous implications when neglected. Since bots excel at doing such repetitive tasks, many a fintech startup focuses on applications meant to ease the pain in the area of tax preparation, reporting, and compliance. They are also exploring areas like RegTech which again is dependant on the tasks of effective bookkeeping.

Tax preparation when done manually requires careful scrutiny because of the errors that may creep in when financial records are unavailable, or when the view is too myopic. Fintech courses are essential for those who keep the books and records because they not only allow you to paint and record the right picture but because they interact technologically with the other parts of your business and affect parameters like productivity, management decisions, growth, and efficiency. Well, that’s why bots take over repetitive daily tasks in business and are so essential for all businesses.

Parting notes:

It is clear that bookkeeping is a must for efficient tax preparation, budgeting, and business analysis. This is what the Imarticus Learning Academy excels in teaching its aspirants making a career in the financial markets. Fintech courses can get you career-ready and set for a unique assured placement. Join the Imarticus course today if you want to gain skills in these crucial areas. 

How Is Blockchain Technology Helpful In A Banking Career?

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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.

How Could Blockchain Disrupt The ‘Big Data’ Industry And Its Analytics?

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How Could Blockchain Disrupt The ‘Big Data’ Industry And Its Analytics?

According to Glassdoor reports, the annual jump in recruitments for blockchain jobs for August 17-18 was 300% and median salaries paid in India for professionals with blockchain training were above the national average salary by a considerable amount!. The potential of blockchain technology to transform and disrupt any vertical using big data analytics has thrown up burgeoning demand for professionally trained personnel to man the growth.

The demand has outstripped the supply of Blockchain training-equipped professionals. Essentially, this means there are well-paying jobs with ample scope and growth, across verticals that make this an excellent and exciting career choice for young career makers and professionals alike. The increase in demand for professionals is expected to last over the next two decades.

Sectors that benefit:

Let us explore how some fields dependent on big-data analytics can benefit from blockchain technology.

Data Backup: The blockchain is very effective in storing data in every block of the chain enabling tracing its source block possible. Data can never be deleted or altered without more than half the community agreeing to the changes.

Payment Processing: An infrastructure which is blockchain-based enables cross-border payments at remote locations instantly with immutable consensual digital records of time-stamped secure transactions.

Hiring, Logistics, Payroll, Marketing, and Supply-chain Processes: Switching to blockchains makes organizational processes verifiable and almost error-free and requires no intermediaries. Thus monitoring instantly and stock-taking is more accurate human-error free and consumes less time resulting in huge savings in terms of personnel required to man operations, costs, effort and time.

Election Processes: The adoption of blockchain-tech can resolve issues of privacy, royalty, and rights in this and areas like media, entertainment, etc, making the authentication and reward for creativity process transparent and sans intermediaries.

Smart Contracts in real estate: This segment depends on records primarily and because blockchain technology is consensual between parties and verified across all nodes on the network a fraudulent or altered property deal is an impossibility. The digitization of land-records and the permanent storage and traceability of transactions makes the adoption to blockchains the next logical step in fast-tracking digitized smart contracts.

The Banking and Financial Processes: Blockchains offer safe, transparent and instant digital transactions with low fees as against traditional transactional methods.

Sports, insurance, and healthcare: These sectors will switch to blockchains to provide solutions to reducing confidential record-keeping hassles and using the instantaneous accuracy and immutability of the records of medical histories as a plus point.

Other verticals—âWith similar trends across other verticals like law, crowd-funding, retail, e-commerce, investment platforms, cryptos and more integrating blockchains into their operations.

Skills required:

Most applications in Blockchain training today are Python, Golang and JavaScript based. The trending tools, languages and technological suites required for a career in the blockchain technology field today are:

  • C Suite languages like C and C#
  • Python suite languages
  • Java Suite languages including Java, JavaScript ES6, JSON, js and Javascript.
  • Simplicity, Serpent, Solidity, Go, Rust and such languages.
  • SQL and NoSQL
  • HyperLedger Fabric

Top jobs:

Among the career choices available specifically in blockchains are those of the 

  • Developer
  • Architects
  • Consultants
  • Blockchain Engineers
  • Certified educators

Blockchain tech is lucrative:

Technologies like Quantum Computing, Virtual Reality, Neural Networks, data analytics, AI, Augmented Reality, driver-less vehicles, smartphones, cryptos and many more have digitized the modern world and have come to prominence over the last decade. Blockchains have immense benefits for the industries adopting its technology as they reduce costs, increase process efficiency, improve productivity and ease-of-operation. Blockchain training is the way to go, to land a career in the evolving and emerging field of blockchain applications across all verticals.

Key Takeaways:

Blockchain career aspirants do not need any mandatory qualification like a degree. The beauty of blockchains lies in the fact that at Imarticus Learning you can quickly and easily pick up the practical skills required.

Many sectors like healthcare, real estate, education, insurance, and the traditional banking system have already benefitted from it. Blockchain technology is booming and it has the potential to disrupt the big-data analytics fields and verticals involved. The high demand for professionals with professional Blockchain training certifications makes blockchains an excellent career choice because the industry needs professional accountants, managers, analysts, developers, programmers and such to grow and realize its potential.

At Imarticus Learning, this promising technology can disrupt your career and land you a well-paying job with growth and good pay packages. Start your Imarticus Blockchain training today!

For more details in brief and for further career counselling, you can also contact us through the Live Chat Support system or can even visit one of our training centres based in – Mumbai, Thane, Pune, Chennai, Banglore, Hyderabad, Delhi and Gurgaon.

How Can Blockchain Be Used In Healthcare?

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How Can Blockchain Be Used In Healthcare?

Blockchain is a futuristic and effective technology, especially for the healthcare segment where it can work wonders with the data. It is a reliable and secure method of storing, sharing, and recording sensitive healthcare record-keeping and data stored permanently. Blockchains are immutable, decentralized, transparent and verifiable means of using data through smart contracts. The digital protection is HIPAA compliant and trustworthy for caregivers.

Advantages of Blockchain for Health Data

The blockchains bring in huge benefits to the healthcare segment. The age of blockchains has arrived and let us sees how they can make a difference.

Citing a survey by Hyperledger 42.9 percent agree that the interoperability of health records electronically will see quick blockchain implementation. About 28.6 percent were open to adopting the blockchain technology immediately. Making a Blockchain career currently does make logical sense since the demand for professionals is there and the payouts are wickedly handsome.

A. Data Provenance and Integrity

Data is increasing and so are the numbers for patients. Maintaining their records is a must for healthcare providers and the process needs to be secure and confidential in spite of the increasing volumes which makes it an uphill task for clinics, hospitals and healthcare professionals.

Such high integrity and provenance data are

· PHI or health information of patients.

· Health records and electronic reports.

· IoT devices data and monitoring systems information.

· Claims for medical insurance.

Sharing of verifiable untampered documentation can reduce the costs to patients in healthcare while ensuring that medical professionals verify and time stamp such documents.

The blockchain technology finds use in: 

  • Verification of PHI records and its integrity;
  • Executing unchangeable reduced-cost audits both medical and pharmaceutical.
  • Validating the integrity of tests and clinical research·
  • Helping with stocks, inventories and record-keeping transparency.
  • Ensuring compliance and HIPAA regulatory compliance.
  • Providing permanent data storage and data safety.

B. More Secure Standards:

Besides encryption blockchains provide data security and permanent storage. The technology allows for the state-of-the-art implementation of highly standardized techniques in record-keeping, maintaining inventories, handling test and investigative records, managing insurance claims and more.

It excludes any intermediary in data sharing, has a transparent open, shareable, and distributed ledger, uses time-stamped, verified hashtag-crypto-encryption and maintains the data on an immutable data block on the blockchain.

when using blockchain. Such consortiums as help increase awareness of the advantages of cryptography and further explain how to use blockchain in healthcare.

Citing the Hyperledger survey medical organizations hesitate to use blockchain technology because of lack of awareness and proper Blockchain career training.

Their assumptions are reflected in where they think blockchains have proof-hurdles to implementation.

·65.4 percent felt PoC issues were needed with technical proof.

·38.5 percent claimed security proof was needed.

·55.2 percent felt the proof of transparency was crucial.

·34.6 percent felt more privacy proof was required.

·23.1 percent claimed it needed regulatory approval.

C. Data Transparency:

Blockchains by design provide the fastest, most secure and transparent way of maintaining data permanently. Besides they do offer provenance, data integrity, lack of intermediaries, are totally decentralized and have a public single distributed ledger that is untameable currently.

Usages of blockchain technology in healthcare: 

Quoting Hyperledger’s data, 377.9 per cent of the health professionals felt blockchains will be implemented in the next five years. Blockchains in healthcare will see usage in the areas of

  • Healthcare Collaboration.
  • Tracing counterfeit drugs.
  • Clinical trials data security.
  • Efficient management of records and patient data management.
  • Reducing unnecessary investigative procedures through time-stamped test results.
  • Blockchain career training for paramedics and medical professionals.
  • Maintaining large databases of patient-records permanently.

Conclusions:

Blockchains are popular in almost all verticals inclusive of the healthcare segment. Medical firms and organizations are slow and hesitant to venture into scaling their IT systems. But many startups are mushrooming and here’s a short list of them.

Blockchain startups in the healthcare sector:

·Guardtime keeps healthcare records and secures patient records.

·Gem Health promotes healthcare collaboration.

·Cyph builds digital identities that are secure for protected communications in healthcare.

·MedRec helps secure medical records.

·Blockchain Health is being used for medical management research.

In parting, if you wish to learn more about blockchains in the health segment try the Data Analytics or Blockchain training at Imarticus Learning Institute. The field is lucrative and the demand for professionals is very high. Start today!

For more details in brief and for further career counselling, you can also contact us through the Live Chat Support system or can even visit one of our training centres based in – Mumbai, Thane, Pune, Chennai, Bangalore, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

New Basic Training Course On Fintech Launched!

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Both the technological apps for financial applications and the very process of financial transactions have undergone a sea-change from manual to cutting-edge since the Fintech revolution took off globally. Closer to home, India has been promoting the fintech industry in several ways and has openly declared that it proposes to encourage the sector to develop to its full potential.

Singapore’s Latest Course on Fintech:
The latest fintech training course in Singapore started with 20 students to offer affordable quality Fintech training to bankers, executives and career-oriented individuals. The course is proposed to run monthly with a batch size of 30 participants. NTUC and SFA saw more than 100 participants and job hopefuls take part in the fintech career fair organized by the Institute for Employability and Employment at Singapore’s M-Hotel.

The course has developed with the help of multiple partners like Ngee Polytechnic, NTUC, BFS Union and the Singapore Association for Fintech-SFA. Since most quality Fintech courses are paid courses and need to provide the latest technical and industry-relevant training, the proposed fee is between 71 SGD to 321 SGD after subsidies. They are sponsored by the government for individuals below 40 yrs of age which brings the cost down significantly against the total 1070 SGD (Singaporean Dollars).

The Fintech Course benefits:
·The foundation level program will train new workers and young-career participants to be able to function in the fintech environment and will also help acclimatize them to the fintech environment.

  • The fee is affordable, and participants could take loans from the credit agency SkillsFuture to finance the course.
  • Singapore is expected to see a plethora of jobs and an anticipated sizeable demand-supply gap for personnel.
  • Artificial Intelligence, blockchain, and Big-Data courses can be specialized in after doing the foundational level course on Fintech concepts and fundamentals.

The Indian Scenario:
The governmental curbs to end black-money, the demonetization, the introduction of cheap 4G services by Jio, the mushrooming of Fintech courses, the simplified GST norms, and the government setting aside budgeted funds to develop this sector have been a boost in the arm. QR scanning and app-based banking solutions are currently the norms. The Digital India movement just three years ago in 2016 saw a majority switch to the ease of the UPI platform payments.
India is today the startup leader with Mumbai, Delhi, and Bangalore being the mainstay fintech hubs. There are about 2700 startups and a72 percent adoption rate for solutions for payments with many fintech startups being incubated at Bangalore, the Vizag Valley for Fintech, the T-hub of YES bank and Star Tank by Paypal.
The measures put in place:
Some of the time-boxed initiatives on setting up the Mumbai Fintech hub recently are:

  • Setting up a base for startups and a nation-wide live fintech registry to provide able mentors, best practices and a collaborative environment
  • Setting up accelerators and incubators similar to the corporate accelerators with multi-partner collaborations from reputed agencies NPCI, PayU, Fino Payments Bank, Zone Startups, Kotak, ICICI and Barclay Bank
  • On-boarding of global investors will be showcased at road-shows where small players can interact, tie-up and collaborate in a safe and moderated environment
  • The proposed platform for investors will see buy-side investors and sell-side startups
  • A 3-year scheme of grants has been proposed for fund-creation for such startups, and the fintech industry, where the fund created will be agile and jointly self-managed
  • To ease rental burdens, rental reimbursements to the tune of 4 lac Rs for three years have been offered to 50 such firms already.
  • Fintech education, polishing innovative ideas and talent, and developing excellent coding skills are being focused upon as the verticals of thrust and promotion in a bid to suit the demand for personnel.
  • Innovative Fintech courses are the need of the hour.

Conclusion:
In parting, the fintech industry is rightly at an inflection point. If you wish to have a career in the fintech industry, check out the excellent course on Fintech at Imarticus Learning. It is on-par and way ahead in terms of benefits offered. Certification, assured placements, soft-skill training, and skill-oriented practical syllabi are just some of the key takeaways. Act today!

For more details in brief and 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, Banglore, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

How To Learn Blockchain Programming In Tandem With Game Development?

Posted on by Imarticus Learning

 

People have started connecting blockchains with financial transactions, cryptocurrencies and now the era of game development. Let us explore how you can benefit from a Learn Blockchain program.

What are the Blockchain Games?

A Learn Blockchain program is essential to understanding the gaming platforms working. Gaming platforms run on closed loops of data and development since no one else should create newer versions of it. Blockchains are innately made for this very purpose of reusing the data assets through smart contracts thereby providing for reuse and analysis of the data stored on them.

Blockchain games are distributed among ‘players’ and are digital goods that are decentralized. Depending on the platform used they use their own tokens or the tokens of the hosting platform. Ex: ‘ether’ on the Etheruem platform.

Key Concepts:

The terms make use of the blockchain features as applied to the gaming field.

Game theory: Blockchains run on network design and game theory. The game theory according to Wikipedia, studies the math models of interactions between sets of decision-makers who are rational. It was used for zero-sum games meaning one person’s win is the loss of the other players. It is widely used in CS, social science and logic applications. A good example of the zero-sum game is Fomo3D.

Tokenomics: Tokenomics makes sets of different groups with a common interest on a platform or network governed by various features of game theory. The tokens are used to incentivize and create new digital assets in a blockchain game. Tokenomics is exclusive to blockchain platforms and is not used on other platforms for gaming.

Decentralization: Since the coding on blockchain games can be studied and analyzed easily a lot of transparency is brought in. Further, the outcome of the game is not controlled. When developers update or try to alter the game which is not endorsed by the community of players, a forked version can be built from the game.

Potential benefits:

Blockchain games can have many potential applications in the gaming industry as proven by the number of successful ones.

The major benefits of blockchains are that they enable

1- Reusable Assets:

PUBG and such game-collectibles and accessories cannot be used outside the game as on desktops, mobile, and other games. However, the blockchain ecosystem is an open distributed platform using tokens. Marketplaces like Opensea and Rarebits now allow you to trade, buy or sell these collectibles of gaming. Thus a whole new field of economics opens up.

2- Transparent incentives:

Blockchains incentives are verifiable open and involve real-world incentives. The network verifies the game and hence no scams and Ponzi’s can flourish. Today you can play and earn money because of this inbuilt incentive feature and this has spawned many more blockchain games.

3-Aligned interests:

The players and developers interests are on the same team. Since developers cannot change the game without community approval, it is trust-based and difficult to make money by exploiting users unfairly.

4- Unstoppable Games:

Games that run on centralized servers can easily be closed down citing various problems. This problem is effectively prevented in Blockchain games since the community of players can fork versions of the game from the change on the blockchain.

5-Low-cost Migration:

A smart contract allows for low-cost migration. When the game rules are to be updated, a sub-contract can be used. Data is stored on a different contract and hence the parameters and behavior need not be changed.

Limitations to Blockchain games:

UX and Scaling:

The multiplayer Ethereum game has significant 15 tx/sec limit. Projects like Loom Network and POA Network are trying to resolve the scaling issues. Hybrids like Gods Unchained are also affected by scalability issues. The first UX game Cryptokitties cashed in on its best feature namely UX. One will have to Learn Blockchain to better the integration, competition and UX with other game-platforms.

Talent shortage:

The ecosystem lacks professional developers, gamers and standardized training to meet the shortage. Currently, ethereum’s community is the largest. The demand for professionals is high and very obviously the payouts can be fantastic!

Concluding notes:

Learn Blockchain games before they get mass adopted. As scaling improves developers are building blockchain games like TRON, EOS, etc. Decentraland shortly plans to build a virtual world of blockchain assets offering better reusable assets, incentives and transaction rates.

Start your Learn Blockchain Course today at Imarticus Learning Academy to make a bright future in gaming-related blockchains.

Seven Latest Developments In Fintech

Posted on by Imarticus Learning

Fintech is everywhere in today’s world that aims at robust development from the way we make purchases to the way we borrow loans. Fintech is a short form of finance and technology clubbed together. Traditional financial services are given a chance by inducing technology into finance leveraging more scope for advanced financial services. Since consumers are adopting fintech at a faster pace, businesses or companies are investing more on fintech.

Nevertheless, fintech, as we observe, has reached the culmination like the other technologies such as blockchain, artificial intelligence, machine learning, virtual reality, and the cloud. Therefore, managing various financial aspects of a firm by outperforming the competition is possible only for a fintech professional who is well-versed in Fintech Courses.

Have a look at some of the key developments in the miracle world of fintech where disruptive technology meets finance:

Investing in digital transformation 

The experience of the customers with non-banking industries, retail and telecommunications have led to increased expectations from banks and credit unions. Access to the digital world has made the customers want for tech-savvy options in financial services. This strains the traditional working model of the financial institutions as more efforts need to be put in to cope with the competitive pressure. Hence, financial industries are investing a lump sum in digital transformation projects to satisfy the expectations of the consumers and to be on a digital upfront.

Application of Blockchain in fintech

Cryptocurrencies like Bitcoin and Ethereum took the world by storm which uses blockchain technology for peer-to-peer transactions and records it in a digital ledger thus eliminates the needs for prominent financial institutions. Blockchain is a transformative technology which poses huge potential grabbing the interest of the fintech industries. Recently, a successful pilot test for cross-border fund transfer from Thailand to Singapore was carried out using blockchain technology from the bank of Ayudhya to Standard Chartered Bank in Singapore. The use of blockchain by financial institutions will help its crowd of subsidiaries have efficient and flexible financial liquidity.

Inducing Artificial Intelligence in fintech

Artificial Intelligence (AI) can process the large sum of consumer data in seconds thereby, AI is leveraged more into the financial service industry more than using it as a cognitive for sales, marketing, wealth management, and investments. Artificial Intelligence is therefore used to work in close contact with many organizations to process and analyze its data using the latest algorithms and arrive at a promising solution for each customer. Its predictive analysis, automated chatbots and accurate decision making have advanced the position of AI from Machine Learning to robot-advisors.

Emerging Digital-only banks

The developments of fintech racing the market have posed a threat to the traditional banks with the dominance of digital-only banks. Thanks to the digital-savvy customers who were the ground reason behind the emergence of numerous digital products from these new players in town. Digital-only players focus on appealing to the masses with their innovative and efficient ideas. Thereby, pressurizing on the traditional banks to offer better and innovative digital solutions for its customers to protect themselves from these disrupters.

Design thinking

Fintech experts suggest that customer-first design should be the ideal key for the businesses who anticipate a positive outcome of UX vision. Clubbing their thoughts and creative engineering leads to an innovative mindset rather than just managing. The immersive UX vision which aims at satisfying the customer experience also benefits other aspects of technology like augmented reality(AR) and virtual reality(VR). A better consumer experience consolidating interactive and gamified experience is provided by using UX design for fintech.

Massive adoption of Cloud 

Cloud adoption in fintech is set to be predominant as more and more cloud in the banking sector is evident. The adoption of cloud in banking is mainly due to its acceleration in time frame enabling increased innovation and responsiveness to the fast-paced changes in the financial service sector. However, the security or user data protection where the earlier barriers for large scale adoption of cloud platform which is not a concern with the present-day highly protective systems.

The merger of physical and digital

Generally, fintech reaches people with access to data more than the ones who do not have access to the internet. To remove such barriers effectively by consolidating physical and digital experience, especially in a country like ours where many people still do not have a reach to the internet, this development in fintech appeals to the masses. Like Canara banks digital banking branch which invariably allows its customers to walk into the branch and use its end-to-end digital experience seamlessly.

Conclusion

The revolutionary developments in fintech have changed the phase of financial services in a robust and efficient way. Thereby, creating more demand for fintech professionals for evolving businesses. Transforming your knowledge by getting insights into Fintech Courses will be an ideal option to flourish in this rapidly moving world of development.

For more details, you 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.