A rapid rise in digital solutions and data generation has turned artificial intelligence (AI) and blockchain into potent technologies. These technologies offer significant benefits to various industries, including finance, healthcare, customer service, and more.

AI technology thrives on data. The more data is provided to its learning algorithms, smarter and more intelligent it becomes. The technology is already playing an essential role in optimizing business processes and underpinning decision-making. Global consulting firm PwC believes that AI can transform the productivity and GDP potential of the global economy. As per their report, “AI can increase global GDP by an additional $15.7…

Blockchain-based medical record system

According to the US Department of health and human services, “Over 15 million health records have been compromised by data breaches within the last 24 months.” In the US alone, around $80 billion is lost every year owing to healthcare fraud, as estimated by the National Healthcare Anti-Fraud Association. The situation may worsen as the amount of medical data grows, and the issues with our traditional health record systems prevail.

What are Electronic health records?

Electronic health records (EHRs) are defined as “systematized collection of patient and population electronically-stored health information in a digital format. EHRs may include a range of data, including demographics, medical…

Guide to Stablecoins in 2020

Key highlights of Guide to Stablecoins

  1. What are stablecoins and how they are different from traditional cryptocurrencies
  2. 4 major types of stablecoins in the market
  3. How stablecoins have changed the Fintech industry

Launched in 2008, Bitcoin gave us a new perspective on payments and trading. Since then, hundreds of cryptocurrencies have been launched in the market which people can use to buy assets, make global transactions, or buy a cup of coffee at your favourite restaurant. However, it is still uncommon to see purchasing a dress or paying at a restaurant with cryptocurrencies. It is majorly due to its high…

Blockchain as a service (BaaS): Opening new possibilities for SMEs

According to a recent report by Fortune Business Insights, “The global blockchain as a service market is set to reach $24.94 B by 2027, with a CAGR of 39.5 per cent. Multiple advantages of BaaS for small and medium enterprises (SMEs) will fuel market growth.”

The real-world use cases of blockchain are expanding at a fast pace. Businesses globally are looking for blockchain-based solutions in various sectors including, supply chains, healthcare, finance, real-time payments and more. With the growing demand, numerous benefits of blockchain have come to light and blockchain as a service (BaaS) solutions are becoming increasingly popular.


Blockchain for data privacy

Most things we do online are now public. Businesses collect, store, and use our personal data to develop their marketing models and improve sales & services.

In 2014, Uber faced major allegations as the company’s executives and employees spied on their customer’s movements, using tools such as a map. In another incident, cybersecurity experts have raised red flags over the use of ‘FaceApp’. The app was built by a small company in Russia, and according to their terms, the photos can be used in unexpected ways. The Cambridge Analytica scandal has also revealed serious issues with our data privacy. The…

Financial Data for new market opportunities

“The global financial analytics market expected to grow from USD 6.9 billion in 2018 to USD 11.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 10.7%” — Markets and Markets

For many years, the financial data of millions of users have been kept with banks. However, in this era of competition, organizations pay more attention to meet customer requirements. To achieve that, financial data plays a crucial role by offering deeper insights into user behaviour, needs, and requirements.

The emergence of Open Banking and PSD2 in Europe has unlocked the true potential of financial data which was…

Blockchain technology has been used to track food products from farm to shelves, improve transparency in medical supply chains and provide aid or stimulus to rescue people in a time of a disaster.

Though blockchain is synonymous to cryptocurrencies for many, it has applications beyond that. The very nature of blockchain being transparent and secure makes it a viable solution for many industries. Finance, supply chain, real estate, and retail are some of the significant industries blockchain has already started to disrupt.

We have written a range of ebooks on the blockchain technology you might be happy to read. …

Central Bank Digital Currencies (CBDCs)

Launched in the year 2008, bitcoin (BTC) the blockchain-based money has accelerated the development of hundreds of digital currencies in a few years. The market is now more mature and diverse with the advent of open banking, lowering the entry barriers for startups. Big banks like J.P. Morgan and Wells Fargo have invested in these digital currencies to leverage the market potential. Now, these currencies are moving into the mainstream as various governments are exploring the technology.

Central bank digital currencies (CBDCs) are now into active pilot programs by several central banks across the globe. The central banks of China…

Blockchain for Contactless Payments

With mobile payment applications such as Apple Pay and PayPal, the digital payment industry has witnessed massive growth in recent years. The rise in disruptive technologies like blockchain can make these payments faster, secure and more efficient.

As the world suffers from a deadly contagious virus, the importance of online or contactless payments has skyrocketed. It’s even more critical to avoid touching physical bills, cheques, and banknotes to protect ourselves from the virus.

Central banks of various countries are quarantining physical bills to avoid any potential contact with the virus. The central bank of South Korea keeps banknotes in a…

Tracking drug supply chain using blockchain

The impact of COVID-19 on the global health care sector has severely felt around the world. A crisis on such a colossal scale has significantly impacted supply chains for medicines and various medical products.

Given that blockchain enables secure creation and sharing of time-stamped records in real-time, it comes as no surprise that the pharma sector has been exploring the technology to improve the drug supply chain. Pharma companies aren’t stopping there. They are trying to identify multiple use cases of blockchain for fighting counterfeit drugs, clinical trials and much more.

Companies globally are trying to explore various blockchain use…

Yogesh Rawal

Working as a content writer for more than 4 years. Based in Rajasthan (India).

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