4 reasons why cryptocurrency wallets are not there yet Cryptocurrency wallets are a revolutionary concept that is already changing the world - but is it perfect? These wallets continue to be plagued by a lot of issues that make its mainstream adoption difficult.

Cryptocurrency wallets have been in place for a decade now, but have failed to encourage large-scale adoption with the masses. They require wallet users to be well versed with computer…

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3 reasons why blockchain will bring value in Procure-To-Pay process Procure-to-Pay consists of the process of obtaining and managing the raw materials needed for manufacturing a product or providing a service. It includes the transactional flow of data that is sent to the concerned supplier as well as data that surrounds fulfillment of the actual order. Blockchain in Procure-to-Pay processes can bring greater value.

Procure-to-Pay (PTP) is the multi-step process that connects a client with one or more service/product providers. It also allows for the identification and authentication of stakeholders, service provisioning budgeting, invoicing,…

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How to systematically use Blockchain technology in payment systems? Using Blockchain in payment systems can offer some value yielding benefits such as enhanced functional and operational capabilities for payments as compared to existing bulk payment systems.

The Blockchain is a chain of secured records of transactions that are collected into blocks grouped in chronological order and distributed over different servers to provide reliable provenance. Digital signatures…

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Blockchain – a step towards ITF The concept of blockchain has triggered several innovative advancements in Identity Access Management (IAM). IAM facilitates management of identities. An Identity Trust Fabric (ITF) stores proof of decentralized identities and information about their profile cryptographically. This enables service providers to access and use such records to check the authenticity of customer identity.

How does blockchain aid in implementing ITF? Blockchain acts as a significant component in implementing ITF. Blockchain is being developed constantly to make it more matured to meet all technical…

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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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Building blockchain development into your organization’s strategy Blockchain technology is defined as a self-sustaining, peer-to-peer database technology for managing and recording transactions. It does not include any involvement of a centralized system.

As blockchain verification is handled through algorithms and using multiple computers, this technology is said to be immune to tampering, fraud, or political control. But, today blockchain implementation faces several…

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