The novel blockchain technology is gradually penetrating the global economy and adding value to businesses, thanks to its unique properties like decentralization and transparency. In essence, the blockchain is set to transform many industries, including the identity management system. ...
The unique properties of the blockchain such as decentralization, speed, and transparency have prompted many sectors of the global economy to adopt this technology, thus enhancing business processes. At the moment, every industry wants to make the best use...
Ever since the release of the Bitcoin whitepaper over a decade ago, the interest in blockchain technology has grown exponentially. The space is maturing and now covers a myriad of projects, cryptocurrencies, smart contract functionalities, Decentralized Finance (DeFi), Non-Fungible...
Technology, essentially, revolutionized the past century, from the internet to many specific fields like finance where blockchain technology originally comes into. Blockchain technology came into existence about 12 years ago and is currently disrupting major sectors of the global...
Blockchain is a technology that is altering the state of different industries. It is a distributed ledger that is stored on a network of nodes scattered all over the world. There are different consensus mechanisms in blockchains, with some...
Algorand and Cardano are currently taking the blockchain world by storm with their innovations and plans. Cardano, as at the time of writing this, recently released its smart contracts feature after its successful Alonzo hard fork. This came after...
Algorand has long been known as one of the most innovative projects in the crypto ecosystem. Founded in 2017 by Silvio Micali, a computer scientist, and Massachusetts Institute of Technology (MIT) professor, Algorand is lauded for introducing the novel...
Blockchain technology has different use cases for varying industries, and a major one is records management. A key concept of this technology involves storing data and records in a secure and decentralized environment. In the traditional records management system,...
The blockchain, also known as decentralized ledger technology, while still being an elusive concept for many, is increasingly being adopted globally. Accounting firms are adopting it to improve the 500 years old double-entry bookkeeping system. With adoption becoming so...
Blockchain is a collection of immutable pieces of information that are distributed across a network of computers called nodes. The information stored on the blockchain is immutable because before any data is added to the blocks that form the...
