Blockchain technology is most simply defined as a decentralized, distributed ledger that records the provenance of a digital asset. By inherent design, the data on a blockchain is unable to be modified, which makes it a legitimate disruptor for industries like payments, cybersecurity and healthcare. Our guide will walk you through what it is, how it’s used and its history.
A blockchain is a distributed database or ledger that is shared among the nodes of a computer network. As a database, a blockchain stores information electronically in digital format. Blockchains are best known for their crucial role in cryptocurrency systems, such as Bitcoin, for maintaining a secure and decentralized record of transactions.
Tokenization, a blockchain-based technology, offers immediate value in these areas. It allows digital representation of asset ownership—whether stocks, bonds, cash, cryptocurrency, data sets
Regulation and taxation of crypto assets in Ukraine, impact on GDP and tax revenues, and the shadowing factor as the main driver of efficiency growth in the industry
Tokenization is the process by which real-world assets are converted into blockchain-based tokens. Why do insurers need tokenization?
Criminal Case Involving Attack on a Decentralized Exchange. Shakeeb Ahmed used his expertise to defraud the exchange and steal approximately $9 mn in cryptocurrency
Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network
The second quarter saw a stable overall level of investment in Web 3.0, Blockchain & Crypto Startups, but many signs pointed to a decrease in venture capital
While global M&A has suffered in 2024, the Fintech sector saw M&A activity rise sharply this year, with 600+ deals recorded
What is new is the rise of industries like insurance, finance, retail, and more getting into the metaverse. 30% of organizations will have services ready for Metaverse
Crypto criminals will launder at least $10.5 billion by 2025 by harnessing new blockchain technology that is creating opportunities for financial crime faster
Smart contracts for digital insurers are getting a lot of attention these days. They offer a faster, safer, and less expensive way to provide cover
Blockchain continues to be a hot topic in the business world and news. Many people have heard of blockchain but may not be familiar with what it actually is
Blockchain is one of the trending technologies in the world, with the highest number of social media mentions in the Supply chain, Payments, Cryptocurrencies, NFT and Smart Contracts
Blockchain technology will play a key role in the Metaverse, along with other emerging technologies such as artificial intelligence (AI) and virtual reality (VR)
A new Ethereum token standard called ERC-4907 reached the final stages of development; one which will allow the user to loan out their non-fungible token (NFT)
Although blockchain offers enormous potential, it is not a silver bullet. Instead, it should be considered as part of a wider insurance digitization strategy
Blockchains are typically managed by a peer-to-peer network for use as a publicly distributed ledger, where nodes collectively adhere to a protocol
There are several ways to build a blockchain network. They can be public, private, permissioned or built by a consortium
Blockchain uses a shared and immutable ledger that can only be accessed by members with permission. Network members control information
Blockchain consists of three important concepts: blocks, nodes and miners. The goal of blockchain is to allow digital information to be recorded and distributed, but not edited
