DeFi Archive
Blockchain technology ensures food safety in virtual restaurants within the metaverse
May 6, 2024
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In recent years, virtual restaurants within the metaverse have gained significant traction, offering a unique dining experience in a digital world. However, with these innovative approaches comes the challenge of ensuring food safety and quality for customers. The global restaurant and food service industry is worth around 34.25 billion U.S. dollars and is estimated to grow
The Rise of Central Bank Digital Currencies (CBDCs) in 2024
May 3, 2024
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In recent years, the world has witnessed a significant shift in the financial landscape with the emergence of Central Bank Digital Currencies (CBDCs). Central banks issue and regulate these digital forms of national currencies, offering a new dimension to the traditional monetary system. As we are into 2024, the momentum behind CBDCs continues to grow,
Tokenizing Virtual assets for in-game Economics
April 30, 2024
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The concept of tokenizing virtual assets has gained significant traction in the world of gaming and in-game economics, This innovative approach involves converting in-game items, currencies, and assets into digital tokens that can be purchased, sold, resale, and traded both within and outside the game environment. Come let’s explore the potential benefits and challenges of
The role of Ethereum in Multi-chain blockchain: A comprehensive guide
April 26, 2024
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In the world of blockchain technology, Ethereum has emerged as a key player, offering a universal platform for decentralized applications and smart contracts. As the ecosystem evolves, the concept of multi-chain blockchain has gained traction, enabling interoperability between different blockchain networks. We will explore the role of Ethereum in the multi-chain landscape and how it
Emerging smart contract in supply chain management
April 25, 2024
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In recent years, blockchain technology has been marking its presence across various industries, and one area where its potential is particularly promising is supply chain management which is being revolutionized by Smart contracts in industries by streamlining processes, reducing costs, and increasing transparency. So let’s see how it eliminates the need for intermediaries, such as