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Blockchain makes applications decentralized and distributed in a way that offers security, transparency, and flexibility in the financial services space.

In this blog, find out how blockchain is enabling new opportunities in the insurance industry after succeeding in enhancing its complex existing processes.

Take a look at the reasons that tell it is time for supply chain managers to explore blockchain technology for efficient supply chain management solutions.

Many key industry players find that blockchain has numerous disruptive use cases for their businesses where it can eliminate fraud and boost productivity.

"Blockchain can enhance existing processes in insurance with disintermediation, improved data reconciliation, and transformation of legacy business models.

Get acquinted with how blockchain banking solutions are all set to change notions, legacy systems, and complex processes and operations of banking.

Blockchain has huge potential to add significant value to banking and finance. Not only does blockchain promise cost costs and improve efficiency, but it also has the potential to increase revenue by allowing insurers to attract new business by providing higher-quality service.

According to the study, the worldwide demand for blockchain in the insurance industry is predicted to increase from $64.5 million in 2018 to $1.39 billion in 2023, representing an 84.9 percent CAGR during the forecast period.

Dr. Chen is the Co-founder and CEO of SecuX Technology Inc., a blockchain security company dedicated to provide comprehensive solutions to secure people's

Eric Tippetts and Steven Chiang, Co-founders of NASGO - A Blockchain Internet Platform that integrates 4 technologies that include Decentralized Hosting

The Internet of Values refers to an online digital space of the Internet as a means of transferring and storing all kinds of values, eliminating the need for intermediary and third party costs. Blockchain and Internet of Values can impact future business strategies by enabling new transactions, creating more efficient markets, and altering the entire business models. This technology can help businesses to develop their brand and achieve a positive image. https://www.scientificworldinfo.com/2019/09/blockchain-the-internet-of-values-how-it-will-impact-your-business.html

The implementation of blockchain applications in Human Resources improves areas like recruitment, skills development, and talent management.

Contactless payments are one of the emerging forms of digital payment technologies that allow consumers to pay for goods and services by using credit or debit cards. The primary technology used in contactless payment is RFRID i.e. radiofrequency identification also known as chip cards. Consumers do not have to swipe the card or enter personal identification number i.e. PIN, in order to commence the transaction. These types of payment systems often installed at point-of-sale terminals with a Wi-Fi-like logo though turned onto its side. The credit card industry is facing a transition period as it adjusts to new technology. As more people are using their debit cards and using contactless payments on the internet, credit card issuers are facing tough questions from consumers about their business practices. Some merchants will not accept contactless payments or charge high transaction fees for consumers who use such cards at their business locations. Others will charge consumers additional processing fees for accepting credit cards over their magnetic stripe cards. Market Drivers Growing penetration of smartphones in South America and Asia Pacific is expected to drive growth of the contactless payments market during the forecast period. According to the Indian Cellular and Electronics Association, India's smartphone base is expected to reach 820 million by 2022. According to the same source, rural part of India witnessed around 35% year-on-year growth in smartphone penetration, while 7% growth in urban parts. Such high penetration of smartphones has led to increase in contactless payments. Hence, such factors are expected to drive growth of the contactless payments market during the forecast period. Moreover, increasing demand for biometric contactless smart cards in developed countries is expected to propel the contactless payments market growth over the forecast period. Market Restraint High cost of development and lack of consumer awareness is expected to hinder t

Barclays, the U.K. banking behemoth, is challenging Barclays To Host Blockchains Hackathon developers to assist refurbish the worldwide derivatives market next month at a hackathon. Disclosed to the media this week, DerivHack will take place at Barclays' Rise accelerator spaces at the same time in New York and London on September 20 and 21, 2018. The ISDA (International Swaps and Derivatives Association), Thomson Reuters, and Deloitte are co-sponsoring the hackathon.

Blockchain app development services offer a transformative approach to supply chain management, enhancing transparency, traceability, and efficiency. By leveraging blockchain technology, businesses can create decentralized, tamper-proof ledgers that record every transaction and movement of goods across the supply chain. Blockchain app development services enable real-time tracking of products, from sourcing to delivery, reducing the risk of fraud and errors.

Walmart China, PwC, Inner Mongolia Kerchin, VeChain and the China Chain-Store & Franchise Association (CCFA) have announced the launch of the Walmart China Blockchain Traceability platform.

Metaverse is the first public blockchain-based open platform designed for digital assets' initial offering and exchange. It aims to break the technical barriers of blockchain applications and to reduce the cost of developing DApps.

NFT marketplace is abbreviated as a Digital Token & public Blockchain Platform. NFTs became the most extravagant crypto trend that sought to own these amazing blockchain-based assets. So, when there is such an extreme turnaround for NFTs then why not build an NFT marketplace? Know How to Create NFT Marketplace.

The extravagant evolution of the gaming industry is commendable. We today are a part of such advanced gaming options wherein we can experience a myriad of emotionally-charged, appealing VR, NFT games & blockchain games based on real-life situations that reward precision and preparation.

Michael Prisco, the Founder and the General Manager of Fair Winds Digital. Expert in open innovation and Internet of Things.