Search videos: #blockchaintechnology

  • Will Banks supporting Crypto Currency have tough time ahead ??

    Will Banks supporting Crypto Currency have tough time ahead ??

    #Cryptocurrencies like #Bitcoin and Ethereum have gained popularity and legitimacy in recent years, they are still a relatively new and untested asset class. This means that there is a lot of uncertainty and volatility associated with cryptocurrencies, which can present risks for banks.


    Banks that support cryptocurrency will need to stay up-to-date on regulatory changes and ensure that they are complying with all applicable laws and regulations. Another challenge is the volatility of the cryptocurrency markets. Cryptocurrencies are known for their extreme price fluctuations, which can create risks for banks that hold these assets on their balance sheets.


    As per the report, many banks are already making significant investments in cryptocurrency and blockchain technology, and see these assets as an important part of the future of finance.


    Today's Headline in NewsHours
    0:00 Intro
    3:24 #BlackBerry comes up with its new IoT ‘Center of Excellence’ in India
    4:00 #UIDAI makes online updating of documents free for three months
    4:41 OpenAI announces ChatGPT successor GPT-4
    5:20 Airtel increases base prepaid plans rate across all 22 circles
    6:00 Meta puts on hold bonuses for Facebook Reels creators



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    Will Banks supporting Crypto Currency have tough time ahead ??

    By VARINDIA| 14 views

  • Web 3.0, Metaverse and blockchain to transform customer behaviour

    Web 3.0, Metaverse and blockchain to transform customer behaviour

    Web 3.0 both emancipates the customer and provides a huge competitive advantage to businesses today. Moreover, it empowers customers to manage their data and avoid exchanging it with third-party organizations without using a browser.


    Given long-prevailing concerns about how businesses use customer data, this could be a very positive development, restoring trust between brands and their

    customers and enhancing overall customer experience. In a similar fashion, the #Metaverse is expected to have a significant impact on customer behavior.


    Leveraging such next-gen platforms, customers will be able to access virtual storefronts, products and services from anywhere, at any time, without having to physically travel to a store. Aside from allowing customers to preview products in a way that is not possible in the physical world, it’ll allow for real-time data gathering and analysis, enabling businesses to offer a highly personalized shopping experience for each customer.


    On the other hand, blockchain technology is reimagining day-to-day processes. When used the right way, blockchain is a next-generation technology that has the potential to unlock valuable data and revolutionize existing processes. Characteristics of blockchain, like immutability and decentralization, have made it attractive to the numerous industries where it has already been adopted.


    Consider the finance sector, for instance. Traditionally, recording procedures in finance have used paper. Blockchain replicates the nature of this paper trail in the digital domain, with a permanent, unalterable record. Since block history cannot be removed, ownership can always be traced.


    This sort of transparency significantly simplifies organizational processes and enables work to be done swiftly and without hindrance. Blockchain technology may also be able to eliminate the need for intermediaries in transactions, thereby eliminating

    By VARINDIA| 22 views

  • A Reality Check on Metaverse

    A Reality Check on Metaverse

    With so much buzz around the #Metaverse, it’s easy to see why more and more companies will start to do business there. But are they thinking about the risks? We will certainly need a different approach to security in a virtual world compared to the physical, but what will that entail?

    Let’s take a look at what the risks are and how to start getting prepared (because you do need to start now).

    The biggest hurdle to the Metaverse being a secure environment is in its foundations. The Metaverse is built on #blockchain technology and we have already seen serious security gaps in NFT marketplaces and blockchain platforms such as OpenSea, Rarible and Everscale.

    Due to the sheer amount of malicious activity that we already see exploiting services based on the blockchain, we believe it won’t be long before we start to see initial attacks in the Metaverse too, as reported in the recent Check Point Mid-Year Security Report. It will likely be based on authorization, and user accounts will get hijacked, so it is expected that identity and authentication will sit at the heart of everything we want to do.

    According to a report by DappRadar, a company that tracks user behaviour across blockchain projects, in late 2021, it was reported that over half-a-million Indian users have shown their interest in non-fungible tokens and metaverse projects with India ranked fifth, only behind the US, Indonesia, Japan and Philippines, in terms of interest in metaverse projects.

    It is tricky though, as people might want to have multiple identities within the Metaverse, perhaps one for transacting work conversations and another for personal shopping and entertainment.

    This adds another layer of complexity because there’s then no single identity that says it’s definitely you. The answer could be in chained identity so, will blockchain then help us understand where we’re transacting and who with?

    This is a major challenge. And since bloc

    By VARINDIA| 16 views

  • The impact of counterfeiting

    The impact of counterfeiting

    Globally, counterfeit goods account for more than $500 Billion in trade. A significant portion of goods detained by customs authorities is pirated or counterfeit products. Technology led innovation is the answer to the $500 billion Counterfeit Goods Market. Trade association FICCI estimates the global economic and social cost of piracy and counterfeiting to be upwards of $1 Trillion 2022.

    The act of finding cheaper alternatives/dupes to luxury goods has increased in demand, especially in a country like India where most of the general public fall in the middle-class sector with a high consumption for brand and brand value. Counterfeit goods continue to flood both offline and online markets in India. This is because the scale of the issue in the Indian context requires innovative solutions.

    Online retailers are taking the lead in deploying innovative anti-counterfeit measures and have already begun implementing internal measures to root out fake listings in partnership with brands who are motivated to protect their IP. AI/ML technologies are being used by these platforms to scan shopping listings for fake goods. This allows large batches of listings to be scanned in real-time, making the process more efficient and faster than doing it manually.

    The Indian economy is deeply impacted by the advent of counterfeit goods. The government too, should formalise the use of emerging technology to identify counterfeit goods, expedite investigations and catch bad actors. It should explore partnerships with technology service providers and e-commerce entities to implement tech solutions at scale and conduct training for its officials.

    Another solution is to explore the use of blockchain technology. It is a highly secure digital record of information analogous to a ledger. Counterfeiters commonly attempt to pass off fake goods as original items, and tracing the source of these leaks will greatly improve enforcement.

    Tampering with a ship

    By VARINDIA| 29 views

  • Low-code delivery management solutions

    Low-code delivery management solutions

    Low-code development platform is an application that provides the Graphical User Interface for programming and thereby develops the code at a very fast rate & reduces the traditional programming efforts. Low-code platforms are backed by the best industry standards and security practices: cross-platform support, data integration, and up-to-date security algorithms are built-in features.

    At the same time, low-code is different from no-code — while low-code still requires knowledge of technologies and frameworks, no-code enables users to build apps with almost no hand-coding. But let’s keep the no-code approach for later.

    Low-Code Development Platform Market Size was Valued at $16 Billion in 2021 and will Achieve $159 Billion by 2030 growing at 28.8% CAGR Owing to the Growing Need to Accelerate Digital Transformation- Exclusive Report by Acumen Research and Consulting.

    #Lowcode isn't the future of code. It certainly has a place in the future and will be leveraged to make many applications. It will not replace other ways of creating software because low-code breaks down when the solution's complexity increases.

    The rapid growth of digital transformation accelerates, data volumes grow, and industrial facilities become smarter, there will be an even greater need to rely on non-developer workers to handle business applications without involving IT departments. Because of its simplicity and speed, using a low-code platform makes uplifting the citizen developer much easier to implement.

    In fact, 70 percent of low code users with no prior experience with low code platforms managed to learn low code in less than a month, according to reports. The rapid adoption of digitization across varied industries is one of the trends in the low-code development platform market that supports industry growth. Additionally, the surging need for rapid customization and scalability is driving the low-code development platform market re

    By VARINDIA| 10 views

  • Risks of Blockchain

    Risks of Blockchain

    There has been an increasing interest in #blockchaintechnology from the Insurance and health care sector in the last couple of years. The value proposition for using blockchain technology in the health care sector is to share sensitive patient data among health care entities securely and to empower patients.

    Blockchain technology allows patients to have an active role in developing and updating their own data. However, is blockchain technology really the silver bullet it seems to be?

    When innovation and security implications concerning blockchain technology in health care were discussed it was found that there is a need for more use cases to ensure the secure sharing of data within the health care sector. It was found that blockchain technology will not solve the issues encountered by the health care sector; in fact, it may raise more issues than it will solve.

    More than 20% of global executives are of the opinion that blockchain technology is all hype, as doubts about its industrial applicability increase due to the recent collapse of the Blockchain Insurance Industry Initiative (B3i), as per #GlobalData.

    While the blockchain technology promises to drive efficiency or reduce costs, it has certain inherent risks. It is imperative that firms understand these risks and the appropriate safeguards in order to reap the benefits of this technology. Additionally, it’s important to understand the evolution of regulatory guidance and its implications.

    Whilst blockchain and distributed ledger technology is certainly complex, uses have emerged in the insurance industry, notably in parametric insurance for natural disasters and catastrophes. B3i consisted of many key players in the (re)insurance industry. That none of them seem to have the impetus to revive the project suggests many do not see a viable endgame to the initiative.

    “Blockchain has often been a poorly defined and misunderstood topic. It’s association with the wo

    By VARINDIA| 30 views

  • UK to regulate stablecoins

    UK to regulate stablecoins

    The changing market of #cryptocurrencies and the rising demand for the same has resulted in many countries taking a second look at their policies. While some are reverting to ignoring the prospect of advancement in finance out of sheer lack of awareness like India, others are changing their decision to be more in favour of adopting new technologies, such as the UK.

    The UK government’s announcement that it will introduce a bill to regulate how #stablecoins can be used as a formal method of payment shows governments are warming up to the idea of stablecoins, and that they will be part of the UK's economic future. This is also a very welcome development following the collapse of UST, which led many outside the crypto space to unfairly assume that all stablecoins are risky.

    The majority of decentralized stablecoins are fully backed by crypto assets, as users lend their cryptocurrency to borrow the stablecoin of their choice. This provides users with a novel way to borrow and allocate their capital without selling their cryptocurrency.

    It is clear that the world's major economies don't want to be left behind regarding #blockchain technology, and stablecoins aren't on the decline but growing. Finally, bringing stablecoins into the scope of regulation is a significant milestone.

    Today's Headline in NewsHours
    0:00 Intro
    1:56 Research says Facebook portrays too much nudity
    2:27 #SEBI proposes regulatory framework for online bond platforms
    3:03 #Qualcomm introduces Snapdragon Chips for smartwatches
    3:37 YouTube to remove videos spreading abortion falsehoods
    4:05 #Google to soon start testing its AR smart glasses


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    By VARINDIA| 11 views

  • Gaming industry shifting to Web3 and Blockchain

    Gaming industry shifting to Web3 and Blockchain

    With advancements in technology, games have become more accessible and immersive than ever before, attracting people from all walks of life. The Gaming Market was valued at $198.40 billion in 2021, and it is expected to reach a value of $339.95 billion by 2027, registering a CAGR of 8.94% over 2022-2027.

    Today, gaming has become a keystone in the entertainment sphere – replacing TV and even movies in key demographics. Constant innovation and technological advancement such as 3D graphics, VR, and AI that video games are continuously evolving and players want more realistic, fully immersive simulation for their gameplay.

    Mixed-reality experiences, #Blockchaintechnology, NFT, and virtual worlds like #Metaverse are what web 3.0 would mean for the consumers. Hence, gaming companies have already started to work towards these advanced technologies for a better consumer experience in the gaming space.

    Despite its popularity, this booming industry still faces many challenges such as guaranteeing fair play models and creating effective payment systems. Luckily, upcoming technologies like blockchain are gradually solving these pain points.

    At its core, blockchain tech introduces decentralized and secure solutions that can be used to power a wide range of functions within the gaming industry. Most notably, non-fungible tokens; these are unique digital assets that can be traded and sold on secondary markets without third party interference.

    Unlike the centralized traditional gaming ecosystems, NFTs allow gamers to truly own their virtual items and to participate in decentralized tournaments with minimal risk of fraud or tampering. Will the next era of games be hosted on blockchain?

    Going forward, it is likely that most games will pivot into the metaverse. It is a new platform and a new application type, similar to how we talked about the web and websites in the early 90s. This explains why tech giants such as Microsoft and M

    By VARINDIA| 17 views

  • Transformation in Tech World

    Transformation in Tech World

    Recently, Facebook Rebranded as Meta: In 2021, CEO Mark Zuckerberg introduced Meta, which brings together the apps and technologies under one new company brand. Meta’s focus will be to bring the metaverse to life and help people connect, find communities, and grow businesses. Only time will tell whether the competing extended reality experiences shape up to become a single connected metaverse.

    But here’s what’s clear now: Organizations across industries have already been looking to metaverse components, for example, extended reality headsets, blockchain and non-fungible tokens, IoT, and cloud technologies, as a means of connection and new sources of revenue. That exploration is likely to continue in new ways as these developing technologies increasingly interconnect and mature.

    At its heart, the Metaverse is defined by its immersive experience for users, and this wouldn’t be possible without AR and VR. The Metaverse and VR are terms often used interchangeably, but there are some differences. The Metaverse is all about connected VR experiences. A single-player game in VR is not part of the Metaverse, but a shared meeting in VR is. In the future, the Metaverse may expand beyond VR to much more futuristic technologies.

    Whereas, Blockchain technology provides a decentralized and transparent solution for digital proof of ownership, digital collectibles, transfer of value, governance, accessibility, and interoperability. Cryptocurrencies enable users to transfer value while they work and socialize in the 3D digital world.

    For example, crypto can be used to buy virtual lands in Decentraland. Players can purchase 16×16 meter land parcels in the form of non-fungible tokens with the game’s cryptocurrency MANA. With the support of blockchain technology, the ownership of these virtual lands can be established and secured.

    Going forward, crypto can potentially incentivize people to actually work in the metaverse. As more companies tak

    By VARINDIA| 16 views

  • Widespread Adoption of Blockchain

    Widespread Adoption of Blockchain

    Blockchain technology has seen a widespread adoption in recent years. It is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. Apart from initial adoption into cryptocurrencies, today it is being used in healthcare, real estate, smart contacts, etc. However, improper implementation of the technology has also been the cause of many blockchain security issues, making the blockchain vulnerable and allowing attackers to perform several malicious activities.

    Blockchain promises to solve the problem of bitcoin and other virtual currencies. The technology has the capability to transform the internet to an internet of value. But as things passed, blockchain started showing its true colours and projects both within the govt and private in a big way. It was accepted that this would be the future of the internet and as we can see now, the Web3 and the Metaverse world would be heavily dependent on it.

    A blockchain documents each transaction details, identifying the sender, recipient, input amount, and output amount. Only the parties to a transaction can unlock the contents of the block because they only hold the private key that is necessary to open the data. But since each entry bears a hash, anyone can verify the existence of a transaction within the block.

    The blockchain protocol is a special case of DLT, where the consensus protocol creates a daisy chain immutable ledger of all transactions that is shared across all participants. The cryptographic consensus protocol ensures immutability and irreversibility of all transactions posted on the ledger. The ledger itself can also be programmed to trigger transactions automatically. Hyperledger project has given it push when it needed to get into the use case stage.

    Blockchain technology will transform business models from a human-based trust model to an algorithm-based trust model, which might expose firms to risks tha

    By VARINDIA| 25 views

  • Technology can detect vulnerability in the blockchain wallet and fix it says Checkpoint

    Technology can detect vulnerability in the blockchain wallet and fix it says Checkpoint

    Blockchain technology and decentralized applications (dAPPs) provide users with a number of advantages. For example, users can utilize the service without creating an account and it can be implemented as a single-page application written in JavaScript. Ever Surf is a cross-platform messenger, a blockchain browser, and a crypto wallet for Everscale blockchain. It is written in React Native and is available in Google Play Market and Apple Store. There is also a web version of Ever Surf that runs on any platform. This type of application does not require communication with a centralized infrastructure, such as a web server, and it can interact with the blockchain directly or by using a browser extension like Metamask. In this case, the user is identified using keys that are stored only on a local machine inside a browser extension or a web wallet. If a decentralized application or a wallet stores sensitive data locally, it must ensure this data is reliably protected. In most cases, dAPPs run inside the browser and therefore may be vulnerable to attacks such as XSS. This research describes the vulnerability found in the web version of Ever Surf, a wallet for the Everscale blockchain (formerly Free TON). By exploiting the vulnerability, it’s possible to decrypt the private keys and seed phrases that are stored in the browser’s local storage. In other words, attackers could gain full control over the victim's wallets. The Checkpoint Research (CPR) disclosed the vulnerability to Ever Surf developers who then released a desktop version that mitigates this vulnerability.

    The web version is now declared deprecated and should only be used for development purposes. Seed phrases from accounts that store real value in crypto should not be used in the web version of Ever Surf. After responsible disclosure, Check Point Research collaborated with the Everscale teams, which acknowledged the vulnerability and released a new desktop version to replace the vulnerable web v

    By VARINDIA| 9 views

  • Isn’t it high time for the banks to adopt Blockchain Technology? | Bitcoin | VARINDIA News Hour

    Isn’t it high time for the banks to adopt Blockchain Technology? | Bitcoin | VARINDIA News Hour

    Isn’t it high time for the banks to adopt Blockchain Technology? | Bitcoin | VARINDIA News Hour

    #Blockchaintechnology can disrupt traditional banking systems and it is evident that blockchain technology is "transformative" and is experimenting with it both internally and via partnerships with start-ups to use it as it relates to financial services. However, when it comes to blockchain in banking, the efforts have been fairly side-lined. Blockchain technology in banking revolutionizes the system by building a decentralized database of digital and unique assets. Through a distributed ledger, it becomes easier to transfer the assets through tokens that represent the assets “off-chain”. The benefits of blockchain in banking work around the creation of tokenized security that carries the potential of cutting out the middlemen altogether and lowering the asset exchange fees. The use of blockchain in banking can be seen across a range of processes. Blockchain acts as a decentralized ledger that keeps a track of the transactions transparently and publicly. It means that instead of relying on custodial services, the transactions can be settled in the public blockchain. This is one of the key ways blockchain applications in banking make transactions speedy and simplified.

    Blockchain has the potential to allow banks to settle transactions directly and keep better track of them than traditional methods such as SWIFT. A standard bank transfer takes a few days to settle due to the way our financial system was set up. Blockchain in consumer banking opens up the scope of peer-to-peer loans – one of the most investment-friendly fintech sectors. When it comes to transporting money throughout the world, many banks confront logistical hurdles. Moreover, when a consumer has to apply for a loan, the banks evaluate the risk they will have to suffer in case of non-payment. They take this decision by looking at the credit score, ownership status, and the debt-to-

    By VARINDIA| 17 views

  • Demystifying Blockchain Technology | VARINDIA News Hour

    Demystifying Blockchain Technology | VARINDIA News Hour

    Demystifying Blockchain Technology | VARINDIA News Hour

    Blockchain is an exciting new technology with huge potential to disrupt and improve numerous industries. It has sparked a lot of questions around what it is, how it works, and how it will impact procurement and supply chain. With continued investment and research in blockchain technology, many businesses are beginning to see the benefits that blockchain offers and are considering the adoption of the technology. It is one of the most disruptive technologies in the modern digital economy and is on the verge of impacting many industries. one major challenge that blockchain faces today is scalability. Nonetheless, blockchain can be a revolutionary solution to combat data breaches and protect data privacy. Investment in blockchain has grown exponentially and continues to expand across industries. According to the IDC report, by 2022, spending is expected to soar to $11.7 billion, amounting to a five-year compounded annual growth rate of 73% from 2017 to 2022. Even these statistics may understate blockchain’s eventual impact. According to Christian Catalini (MIT) and Joshua Gans (University of Toronto), blockchain has key features of a General-Purpose Technology (GPT), defined as “technologies that can spur economic growth over the long run and have substantial and pervasive impact on the society across multiple industries, such as steam engine, electricity and internet.”

    As business operations and offerings are substantially enabled through various crucial accomplishments and advancements in the IT field, business executives across the globe are equally keen to experiment with and embrace this new and futuristic technology to reap a slew of business benefits. Interestingly, blockchain has the inherent potential and promise to bring forth a bevy of strategically sound implications for various industry verticals. Cryptocurrency is one of the finest and foremost applications of blockchain technology.

    By VARINDIA| 24 views

  • Blockchain can address most of the issues with the existing identity management system

    Blockchain can address most of the issues with the existing identity management system

    Blockchain technology can assist digital identity management by replacing traditional identity and access management strategies with blockchain counterparts. Whereas, Digital identity plays an essential role in the information security architecture of every organization. It is an online or networked identity accepted by the organization’s security layout for data and device access. The aim of implementing digital identity is to maintain and ensure information security in the organization. Blockchain technology provides an infrastructure where data cannot be deleted, manipulated, or hacked due to the data being stored in blocks with fixed storage capacity and encryption. Incorporating digital identity with blockchain technology is crucial for the growth and viability of the digital economy. A shocking survey reveals, Digital identity is vulnerable and can be easily compromised when stored on a centralized server. The employees/individuals register themselves by providing accurate data required for authorization and authentication on various platforms. The data entered is stored in different databases on multiple platforms. Data is changed for several reasons, such as the other user or mobile numbers or changes in bank details; therefore, the information isn’t the same across all the databases. The traditional identity management methods have various usability, privacy, security, and globalization issues. With data driving the world today, digital identity is critical to most business and social transactions.

    It is very much important to understand how weaknesses in the current system have manifested. The internet was originally designed as a peer-to-peer, decentralized web of connections, meaning that any user could communicate and connect with any other user without relying on an intermediary. As the internet became increasingly privatized, however, third party intermediaries emerged and became more fundamental to the internet’s structure. The existing Ide

    By VARINDIA| 17 views

  • Is Web3 going to impact the digital world?

    Is Web3 going to impact the digital world?

    #VikramMisri #Web3 #NSA

    Web3 - the next evolution of the internet

    The internet that connects the global network of billions of interconnected computers and other such devices is single-handedly responsible for impacting the everyday world around us. We already live in a virtual world.The internet has blurred the line between reality and virtual space. The current iteration of the internet is still seeing many advancements with each passing day. Experts postulate that the next version of the internet will be more sophisticated and intelligent than the current one. Tim Berners Lee labeled web 3.0 as the semantic web. Now Web3 is to take the world wide web as we know it and add blockchains – the technology behind cryptocurrencies like bitcoin – to everything. The proponents of Web3 say it is now dominated by big corporations and proprietary algorithms. The primary idea behind Web3—the term was coined in 2014, by Gavin Wood, it will be based on the same blockchain technology that powers things like cryptocurrencies and NFTs. Blockchains are essentially incorruptible digital ledgers that can be used to track the movement of digital assets. Just as cryptocurrency in theory bypasses central authorities such as banks, Web3 would also bypass the central authorities we know as Big Tech. It is all about A paradigm for the Internet and this is where Web3 comes in. The last two decades have proven that building a scalable system that decentralizes content is a challenge. While the technology to build such systems exists, no content platform achieves decentralization at scale.

    Web 1.0, the modern-day internet was a military computer network called the ARPANET. Its development was funded by ARPA, a branch of the U.S. Defense Department in the latter half of the 1960s. Whereas, Web 2.0, first named in 1999, saw the development of easy-to-use tools that let anyone create content online, not just experts, but at a cost of centralizing into the tech giants w

    By VARINDIA| 12 views

  • Indian Banks are leveraging the power of Blockchain Technology

    Indian Banks are leveraging the power of Blockchain Technology

    #Facialrecognition #airports #technology
    BLOCKCHAIN TECH. IMPACTING BANKS

    Banks in the country have joined hands to create a new company that will leverage the power of blockchain technology to speed up the processing of Letters of Credit (LCs). The blockchain technology creates a digital ledger by integrating data from across platforms and hardware and enables independent parties, spread across the globe, to share data across the network. Indian Banks' Blockchain Infrastructure Company Private Limited (IBBIC) is a coalition of 15 banks, including ICICI Bank, HDFC Bank, RBL Bank, SBI and Canara Bank joined to benefit from the transformation. The system will be based on Infosys’ Finacle Connect, a blockchain-based platform that enables digitisation and automation of trade-related finance processes. The move is expected to eliminate paperwork, reduce transaction processing time, and offer a secure environment. Moreover, it could be a boon for medium and small-scale enterprises. The LCs are the letters from a bank that guarantee that a buyer will pay the seller on time, and for the correct amount. Currently, the process of issuing an LC is relatively slow and requires human intervention to prevent frauds, authenticate transactions, and balance the ledger. Using blockchain to issue LCs would potentially solve these issues. Even elemental fraud like the issuance of two LCs on a single invoice can be easily prevented with the help of this blockchain technology.

    Organizations are leveraging the blockchain technology to create smart contracts that remove the need for third-party administrators and evaluators. Today's supply chains are globally-dispersed with raw materials being sourced from different locations, each set of the parts being produced and assembled in different locations. The final products then need to be packaged, stored in warehouses and delivered to the final consumers or the seller chains. It is a set of highly interconnect

    By VARINDIA| 14 views

  • CryptoTech industry to create 8 lakh jobs by 2030

    CryptoTech industry to create 8 lakh jobs by 2030

    #PMModi #AyushmanBharatDigitalMission #CryptoTech

    CryptoTech to create 8 lakh jobs



    As India looks at regulating cryptocurrencies such as Bitcoin and others, the crypto industry in the country has pegged a significant upside to the adoption of crypto technology (cryptotech). According to a Nasscom report published in partnership with crypto exchange WazirX titled Crypto Industry in India, cryptotech has the potential to create more than 8 lakh jobs by 2030, up from 50,000 individuals employed currently. Moreover, the industry is expected to reach $241 million in size by 2030 in India. So far, $6.6 billion have been invested by Indian retail investors in different crypto assets such as Bitcoin, Ethereum, Polygon, etc., the report noted. The industry, which includes crypto applications in trading, P2P payments, remittances, and retail among others has grown by 39 per cent in the last five years in India.

    The CryptoTech industry in India has not only demonstrated a positive impact at the grassroots levels but is emerging as a fastest growing technology sub-sector. India provides the most unique ecosystem to CryptoTech to play a transformative role in strengthening key priority areas such as healthcare, safety, digital identification, trade & finance, remittances and help in addressing pandemic-induced challenges, says Nasscom. However, the Reserve Bank of India had repeatedly noted its concerns about cryptos and conveyed the same to the government for the final decision with respect to regulations. Meanwhile, the Nasscom report added that the crypto industry can potentially create an economic value addition of $184 billion in the form of Investments and cost savings by 2030. “Our number of users from Tier-II and Tier-III cities have grown by 2,648 per cent and contributed to 55 per cent of total signups on WazirX in 2021. Crypto has immense potential to contribute to our $5 trillion economy vision, as per WazirX.

    Toda

    By VARINDIA| 9 views

  • Blockchain helps the Financial Services to grow

    Blockchain helps the Financial Services to grow

    #blockchain
    Blockchain gains momentum

    Blockchain technology — essentially a virtual ledger capable of recording and verifying a high volume of digital transactions — is now spreading across a wave of industries. The technology to revolutionize government, finance, insurance and personal identity security, among hundreds of other fields. Experts say 2021 is poised to see greater adoption and venture capital investment in blockchain technology. That prediction comes as more financial services apps are built using blockchain technology and cryptocurrency has become more widely accepted. As adoption of blockchain gains momentum, so does venture capital investment in the technology. It is digital information that is stored in a public database, and the benefit, particularly in the financial sector, is the ability to have a shared ledger recording detailed transactions without any identifying information, leading to improved security.





    The financial majors including PayPal, Visa and JPMorgan have invested into the services sector and also adopted cryptocurrency as a payment method in the past year, as more startups are coming on the scene—armed with capital—to develop more user-friendly blockchain platforms. There are several tech companies also introducing blockchain into the sectors like Artificial Intelligence, cyber security, E-commerce, Fintech, gaming, healthcare, software social media and it is expanding to various sectors. The Fintech sector has experienced how the technology is able to secure faster the information transferring between businesses by making use of blockchain’s power of transparency and real-time data ledger technology to verify identities and reduce fraud, reducing costs, protecting consumer data and making it easier to approve credit transactions quickly. Another high growth sector is gaming, which is creating the gaming and the online experiences that feature true ownership of digital assets. It is crea

    By VARINDIA| 7 views

  • CRYOTO NEWS #275 || 2 एक्सचेंज और हुए बंद, 48 EXCHANGE APPROVED, $4.5 Millions Hacked, IMF

    CRYOTO NEWS #275 || 2 एक्सचेंज और हुए बंद, 48 EXCHANGE APPROVED, $4.5 Millions Hacked, IMF

    Hello friends i show you in this video about some important news and updates about crypto currency and blockchain technology- koinex exchange shutdown, coinomee exchange closed, deputy governor

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    Watch CRYOTO NEWS #275 || 2 एक्सचेंज और हुए बंद, 48 EXCHANGE APPROVED, $4.5 Millions Hacked, IMF With HD Quality

    By Money Growth| 160 views

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    CRYPTO NEWS #274 || 7000 BTC की हुई चोरी, FACEBOOK COIN, 3 arrested, $615,000 seized,CRYPTO INVESTOR

    Hello friends i show you in this video some important news and update about crypto currency and blockchain technology from all over world- Monetary Authority of Singapore, blockchain technology, crypto holders servey, 68% planing in crypto, uk crypto news, smart contract, 3 arrested, $615,000 seized, shut down servers of a dark web, crypto wallet users, crypto city, blockchain citry, malaysia crypto news, facebook coin, binance exchange hacked.


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    CRYPTO NEWS #270 || NPCI NEWS, SV DELISTING, FACEBOOK COIN, $25 Million Donation in XRP , BAN WEB

    Hello friends i show you in this video some important news and updates about crypto currency and blockchain technology from all over world- fraud 120 crypto websites, FSMA ban, Binance exchange, Missoula, Montana, crypto regulation, cryptocurrency mining, $25 Million Donation, XRP, Ripple News, Tim Draper, Facebook Coin, NPCI, blockchain technology, 7. Bitcoin sv.





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    CRYPTO NEWS #143 || COINBASE, FUTURE MAKER, SRN, OPERA WALLET, INDIA CRYPTO NEWS, COINSQUARE

    Hello Friends i show you in this video some important updates about Future Maker, Coinbase Exchange, Sirin Labs Token, South Korea Crypto News, India Crypto News, Local Bitcoins Scam, Opera Browser Crypto Wallet, Coinsquare Exchange...

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  • CRYPTO NEWS #142 || 20 ARRESTED, FUTURE MAKER, WAZIRX EXCHANGE, CRRYPTO JACKING

    CRYPTO NEWS #142 || 20 ARRESTED, FUTURE MAKER, WAZIRX EXCHANGE, CRRYPTO JACKING

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