Tag: Blockchain

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Blockchain Traceability: Can Cryptocurrencies Be Traced?

It is commonly understood that criminals use cryptocurrencies to launder and spend illicit funds. Mainstream media has been hammering this point for the better part of a decade. However, what if i told you this is largely a myth. After all, blockchain is a transparent and honest system.  Now you may be wondering, can blockchain be traced?  Don’t worry. In this article, I will be answering … Continue reading Blockchain Traceability: Can Cryptocurrencies Be Traced?

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Blockchain Accountancy: A Game Changer?

Blockchain technology has influenced every industry from finance to luxury art. The aim of this novel technology is to create an honest system that is free from manipulation. Ultimately, it provides a complete and immutable history of every financial transaction. Unsurprisingly, this also makes it the perfect match for accounting. That is why in this article I will be covering the benefits blockchain bring to … Continue reading Blockchain Accountancy: A Game Changer?

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Blockchain & Cloud Computing: The Next Frontier?

Blockchain and cloud computing are two industries that have experienced exponential growth. Firstly, cloud computing provides services over the internet without the need for active user management. This unmatched convenience has led to platforms such as youtube and Gmail garnering millions of users. Similarly, blockchain has also made strides. After all, it provides a democratic experience while enabling full ownership of data. This is evident … Continue reading Blockchain & Cloud Computing: The Next Frontier?

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Blockchain & Supply Chains: Is It the Future?

There is no denying that blockchain technology is the future. It allows increased transparency while guaranteeing authenticity. As a result, this is the perfect match for supply chains. Now a traditionally closed system with verification difficulties can overcome some of these hurdles. Ultimately, products that utilize blockchain technology can be easily authenticated and logistics can be streamlined considerably. That is why in this article I … Continue reading Blockchain & Supply Chains: Is It the Future?

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Blockchain Data Storage: Everything You Need to Know

If you are new to the cryptocurrency space then you are probably wondering, where is blockchain data stored and what are the benefits of this technology? I understand the complexity of this technology can be overwhelming. But don’t worry. In this article, I will be covering all aspects of blockchain data storage. So without further ado, let’s jump right in. Blockchain data is stored on a network … Continue reading Blockchain Data Storage: Everything You Need to Know

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Crypto Oracles: A Comprehensive Explanation

If you have been involved in the cryptocurrency space then you have probably heard of the term crypto oracle. Although a simple concept, they are a vital piece of infrastructure for the cryptocurrency industry. To put it into context over 90% of decentralized applications utilize this novel technology. So now you are probably asking, what are crypto oracles and why are they needed? Don’t worry, … Continue reading Crypto Oracles: A Comprehensive Explanation