Blockchain Archives

Jan172025 by Paul LinusNo Comments

Why Blockchain could be end of high fees, delays in global payments

Technology

The world is more connected today but cross-border payments are still like they belong to the previous era. The transactions are often slow, expensive and unclear. Traditional financial systems just don’t cut it anymore for a global economy that thrives on speed and efficiency. Let us understand whether blockchain really make cross-border payments better. Why Traditional Systems Fall Short Anyone who has made an international payment knows that traditional system is a headache. The process relies on several banks and payment processors which acts as intermediaries. The system has worked for decades, but it has some flaws: • It is expensive as every intermediary charge a fee and this add up quickly. • It is slow. Transactions can take several days to complete due to different ...

Dec32023 by Paul LinusNo Comments

Blockchain’s impact on art and luxury goods

Technology

2023 is proving to be a big year for art, collectibles and luxury goods. Thanks to the game-changing influence of blockchain technology. Blockchain is more than just a trendy term. It is shaking up the usual way things work, completely changing how we see, prove and trade valuable items. This look back explores how blockchain has made a big impact, checking out how it helps prove things are real, lets more people own stuff, makes buying and selling easier and smooths out deals with smart contracts. Blockchain and Immutable Authenticity At the core of blockchain's influence on art and collectibles is its unique ability to establish immutable authenticity. In industries where the provenance of an item is paramount, blockchain's decentralized and transparent ledger provides an unalt...

Aug232023 by Paul LinusNo Comments

AI and Blockchain’s evolution toward mass adoption

Technology

In the dynamic domain of technology evolution, two prominent contenders emerge: Artificial Intelligence (AI) and Blockchain. While both hold promise for extensive adoption, discerning which will attain mass recognition first demands a meticulous evaluation of several pivotal elements. Long-Term Demand The journey of Artificial Intelligence (AI) is a testament to unexplored boundaries. From its early 20th-century origins to today's era of advanced AI models, the field has undergone transformative changes. AI's capacity to mimic language, create realistic visuals, and replicate human voices has opened possibilities across industries. With a growing pool of training data, AI's potential seems limitless, driven by evolving machine learning algorithms and innovative methodologies. ...

Aug192023 by Paul LinusNo Comments

Blockchain’s role in agriculture and UN SDG

Technology

Collaboration is key to global progress, and blockchain's transformative potential emerges as a catalyst for critical objectives like ending poverty and fostering inclusive economic growth, aligning with the United Nations' Sustainable Development Goals (SDGs). Introduced in 2015, these 17 goals span vital areas, from poverty alleviation to climate action, aiming for a more equitable world by 2030. As blockchain integrates across industries, its role in agriculture emerges as a powerful tool to advance UN SDGs, revolutionizing sustainable development. Blockchain's Potential in Advancing UN SDGs Blockchain's expanding integration, notably within the agricultural landscape, holds significant promise for companies eager to drive the UN's noble aspirations. This technology's capacity...