Decentralized applications or DApps, as the name suggests, are applications that are not owned and managed by a single authority. It uses blockchain to change how apps and programs have been created so far.
Popularized by the Ethereum blockchain, Smart Contracts are a set of codes designed to perform a set of instructions on the blockchain. They self execute themselves when predefined conditions are met.
After the COVID-19 pandemic, digital adoption is accelerating in almost every industry and manufacturing is no exception. According to the 2021 Digital Transformation Assessment study conducted by IBM and The Manufacturer, 67% of manufacturers have accelerated digital projects after COVID-19. We explore how digital technologies affect manufacturing with key technologies and trends.
Digital transformation is the use of the latest technologies to enhance existing processes and offer new and improved services and products to customers. It aims to create value by changing how businesses operate and how they deliver value to customers.
Digital transformation (DX) is a major challenge and opportunity for businesses. Even though executives are willing to apply digital transformation to the organization, in-house teams may not have the experience or time to achieve this objective. Digital Transformation Consultants can help the organization overcome the challenge by establishing a digital strategy and implementing digital technology across the enterprise.
Balancing out the interests of all relevant stakeholders within blockchain networks is quite a difficult endeavor. There are various ways to design a blockchain governance model and its viability largely depends on a variety of factors, intrinsic to every individual project. While some aim to denote the importance of informed, expert opinions, others focus on the community element and try to be more inclusive when it comes to stakeholder participation in governance...
Blockchain technology can fundamentally change how we exchange value and perhaps that’s why this has caught everyone’s eye. This is still in its nascent stages but definitely a technology that holds vast promise in the future. Blockchain technology is inspired by the concept of a shared ledger, so that is the first term you need to understand along with a few other principles to know how blockchain works.
While there’s still time for companies to send out invoices with crypto payment options, blockchain has started reshaping industries in the financial sector, accounting, healthcare, and insurance. Blockchain has a lot to offer and as with any new technology, adoption will expand as businesses begin to think intuitively and come up with solutions to integrate it into their processes..