Blockchain provides a functional and efficient tool for recording business transactions, contractual agreements, and private records. A blockchain can be described as an encrypted digital recording of transactions that is duplicated and distributed to computers that are part of the blockchain network. This form of communicating and sharing recorded data is extremely difficult to hack […]
Inter-Blockchain Communication: The Key to Blockchain Mass Adoption
Blockchain is expected to enable the world’s largest enterprises, organizations, and nations, as well as the average person to seamlessly trade and transact anytime, anywhere. But a barrier to the mass adoption of this revolutionary technology has always been that blockchains are decentralized and standalone. Each chain is independent and has a different set of codes and […]
A Checklist to Manage Your Database if You’re into DeFi
Click to learn more about author Hiral Rana. Decentralized finance, or DeFi, emerged as a part of the crypto industry in 2013. As the name suggests, DeFi refers to peer-to-peer applications that allow crypto trading, loans among other services to take place digitally. Such applications follow a decentralized structure, relying heavily on blockchains. In essence, they […]
The Future of Digital Currencies and Data Management
Click to learn more about author Stuart Tarmy. Interest in digital currencies (and, more specifically, cryptocurrency) has risen in the last year, due in part to the interest in touch-free financial transactions caused by the pandemic, rising mainstream business interest in cryptocurrency potential, and the momentum of private initiatives like bitcoin and Facebook’s Diem (previously […]
Cybersecurity in Cryptocurrency: Risks to Be Considered
Click to learn more about author Ben Hartwig. Blockchain has grown rapidly in recent years, but cryptocurrency is not immune to security attacks. There are still cybersecurity risks to be aware of. Some cryptocurrencies have already been the victim of ransomware attacks and other security breaches by hackers. ZenCash and Ethereum Classic have both lost […]
Tech Trends in 2021: Mobile, Video, and Bots Will Continue to Reshape E-Commerce
Click to learn more about author James Brear. This has been a wild year for e-commerce. Online shopping was already growing steadily each year heading into 2020, but the COVID-19 pandemic sent more consumers than ever before to the Internet. Virtually every retail sector – from furniture to medical supplies to electronics to food and […]
Blockchain and Data Security Intersections
Blockchain represents a list of records, referred to as “blocks,” which are linked by way of cryptography. Each individual block holds a cryptographic hash from the previous block, as well as a timestamp and transaction data. It seems an ideal solution for organizations wanting to store huge amount of data, securely. Blockchain was created in […]
NICE Actimize Adds Cryptocurrency Innovator CipherTrace to X-Sight Marketplace
According to a recent press release, “With cryptocurrency-related compliance issues on the rise, and an increase in enforcement actions anticipated, the need for financial institutions to adopt solid AML programs addressing this market segment is expected to escalate this year. With this activity at the forefront, NICE Actimize, a NICE business (Nasdaq: NICE) and leader […]
CipherTrace Launches Crypto Risk Intelligence Products for Banks
A recent press release reports, “CipherTrace, the global leader in cryptocurrency intelligence, today announced the launch of CipherTrace Crypto Risk Intelligence, its comprehensive cryptocurrency risk threat detection and proactive risk management service for banks and financial institutions. Key features of the product include detection of unregistered cryptocurrency money service businesses (MSBs), risk evaluation of cryptocurrency […]
Accountability Issues with Cryptocurrency and Blockchain
Click to learn more about author Daniel Jebaraj. Despite enthusiasts’ proclamations that accuracy and security are inherent characteristics of blockchain, there are still ways cryptocurrencies and other blockchain-derived technologies can be manipulated and compromised. Let’s examine four accountability concerns that arise in cryptocurrencies and blockchain. Accountability Issue #1: Who Manages the Exchanges? Since most cryptocurrency […]