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Banks adopting blockchain technology: Why, and which banks are leading the way?

Openxcell

In today’s digitalized world, we are aware that blockchain has attracted many sectors, but finance is arguably the most prominent one. Blockchain focused on addressing the blackouts that occurred during the global financial crisis. In this blog, we’ll discuss the front face of blockchain in the banking sector.

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FlexID gets Algorand funding to offer self-sovereign IDs to Africa’s unbanked

TechCrunch

Much of the world’s attention around blockchain is on the highs and lows of cryptocurrency values. Startups like FlexID remind us that distributed ledger technology has the potential to play other roles, including offering trusted records of identities without the need for a centralized authority. million in 2016.

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Expected Blockchain Statistics and Trends for 2024

Openxcell

When Blockchain first emerged as the technology that backed cryptocurrencies, it was met with cynicism and skepticism. Tech experts were undermining its functionalities and criticizing its fervor. A decade and more later, the hype hasn’t died down and blockchain is all the rage. Blockchain market was worth $5.85

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How to Hire Fintech App Developer for a Banking Platform with Java and Android

Mobilunity

Fintech has revolutionized banking, improving operational efficiency and client satisfaction. Java is great for banking app backend systems because it’s portable, fast, and secure. Android, the world’s most popular mobile operating system, makes banking apps accessible to many consumers.

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Blockchain in Education: Use Cases, Challenges, and Examples

Openxcell

The education sector is undergoing rapid changes due to the internet and digital learning. One of the newest introductions to the field is blockchain technology. Cryptocurrencies like Ethereum and Bitcoin have often been associated with blockchain technology. Why blockchain in education?

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Concept to Cost: A Complete Guide to Blockchain Implementation

Openxcell

What is Blockchain technology? Blockchain Technology is a modern database infrastructure that revolutionizes information sharing amongst the network of participants. Due to this, Blockchain technology emerged as a potent immutable ledger for tracking orders, accounts, payments, and other transactions.

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Top 8 Banking Trends for 2023

Exadel

Financial software development , consulting, and transformation has swept across the banking industry. The banking industry will be undergoing a technological transformation in the year 2023. Top trends in banking to expect include cloud migrations, the use of DevOps and omnichannel strategies, and greater use of AI.

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