Technology Archive

How can blockchain be used in supply chain management?

There are a number of potential uses for blockchain technology within businesses. One of the most complex areas where blockchain could be used is in supply chain management. Blockchain could be used to track the movement of goods throughout the supply chain, from manufacturing through to delivery. This blog gives insights into how blockchain plays

Benefits Of Smart Contracts

Smart contracts are digital contracts between multiple parties who want to come to a deal or contract. Smart contracts, though they are in their infancy, it is estimated that they can disrupt the way we sign agreements and deals within a span of 3 years. So, let’s gear up and get an insight about what

How Smart Contract Works In Blockchain

Blockchain is the new buzz word? Neither we the normies or celebrities can never shy away from the blockchain and NFT trend nor the businesses! Many industries and enterprises are looking for ways to implement blockchain into their existing systems to leverage the power of distributed ledger technology. Smart contracts are one of the major

Why Blockchain Technology Will Change the World

The one thing that makes blockchain powerful is provenance, ranking first in terms of its capacity to create economic value, according to PwC market research. By 2030, PwC estimates that this will increase the global GDP by $962 billion. Here is a list of use cases for how and why blockchain technology and blockchain services will

Factors Influencing Performance Of Blockchain

The main non-functional requirements that are used to determine whether an implementation project is ready for production are performance and scalability of IT systems. The average time it takes for a transaction to be verified and stored in each peer node in such a way that it cannot be unaltered or canceled is the measure

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