Potential of blockchain technology in payment solutions Blockchain technology in payment solutions have the ability to offer significant advantages in terms of providing enhanced functional capabilities as compared to existing bulk payment systems.

Implementing blockchain technology in payment solutions involves a consensus mechanism, which consists of techniques that ensure participants processing transactions agree on which transactions are valid. Blockchain technology has the ability…

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How can banks enhance customer relationship with Deep Learning? Deep learning is the fastest growing field in machine learning, impacting several different fields of business. Customer relationship with deep learning is a novel application where banks are using high-level abstractions from customer data to generate higher revenues.

Today, banks are operating in an altogether new banking environment. While the market is highly competitive and the regulations are strict, the pressure of customer demands is sharply increasing. Customer…

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Beginning the app development roadmap correctly For many organizations, mobile application development has become a worthwhile way to gain profit and boost employees’ productivity. With mobile applications, organizations are able to complete critical and difficult business processes in few minutes or even in seconds.

Mobile application development is a relatively new concept for many organizations and companies. Hence, many organizations are facing challenges while initiating mobile applications development projects. The following are the three…

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Reinventing financial services with blockchain The blockchain is referred to the technology that enables crypto-currencies and is built on the principles drawn from peer-to-peer networking. We can improve financial services with blockchain because of its ability that allows any unique monetary data exchange to get past the problem of double spending by making the ledger available to all participants that are present in the network. This helps in creating a process by which a consensus can be reached in changes to the ledger.

Blockchain holds the promise of providing several offers and addressing some of the key challenges and pain points in the financial sector. Beyond the security implications and increased transparency of…

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Mitigating attacks on blockchain In past few years, implementation of blockchain technology has attracted considerable attention. It efficiently records cryptographic transactions in a public ledger, thus making it difficult to alter and compromise because of the distributed consensus. As a result, blockchain is believed to resist fraud and hacking.

Blockchain technology enforces distributed consensus and cryptographic transactions, thereby rendering it difficult to compromise the integrity of its records without being noticed by an entire network. Because of blockchain’s ability…

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