#Web 3.0 Block-chain Market | Explore Tumblr posts and blogs

market-news-24 · 1 year ago

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john9028 · 2 years ago

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Web 3.0 Block-chain Market by application industrial vertical and segmentation analysis 2033

Web 3.0 block-chain, also known as the decentralized web, is the third generation of the internet that makes utilization of Decentralized Ledger Technology (DLT), Machine Learning (ML), and Big Data. Web 3.0 block-chain provides users a better surfing experience and makes data analysis more coherent. Web 3.0 is more bilateral and user-friendly than previous versions. Prime government agencies are introducing digitalization projects to provide a regulatory framework to facilitate the rise of Web 3.0 block-chains. Rising data security concerns, as well as heightened company investments to broaden the applications of web 3.0 block-chain, are likely to propel the worldwide web 3.0 market growth. Expeditious urbanization, globalization, and digitalization permits consumers to use new technologies and live a more fulfilling existence. Block-chain technology brings human-like intelligence to systems and improves data communication. As a result, enterprises are embracing web 3.0 block-chain to improvise data security and privacy, which will drive the worldwide web 3.0 block-chain market.

Read More: https://wemarketresearch.com/reports/web-30-block-chain-market/110

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wemarketresearchreport · 3 years ago

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Web 3.0 Block-chain Market 2022 Growth Opportunities, Top Players, Regions, Application, and Forecast to 2030

The Web 3.0 Block-chain Market is expected to grow at a rapid pace. The continual advancement of technologies, as well as movements in data ownership toward users, can be linked to the market's rise. Web 3.0 blockchain, also known as the decentralised web, is the third generation of the internet that makes use of decentralised ledger technology (DLT), machine learning (ML), and Big Data.

Users will enjoy a better browsing experience and be able to examine data more quickly with Web 3.0 blockchain. Web 3.0 is more dynamic and user-friendly than earlier versions. Leading government agencies are implementing digital transformation projects in order to create a regulatory environment that will help the Web 3.0 blockchain develop.

Get Free Sample

Web 3.0 is Web 2.0 without the centralised servers and data silos of the previous version. It's a decentralised web managed by technology and written rules to support people's transactions and behaviours. Web 3.0, which provides an uniform state layer, uses blockchain technology to revolutionise how we store and manage data across the internet.

Web 3.0 is predicted to revolutionise the way social networks operate. The users of blockchain-based social media have complete control over the data that is shared and kept on the site. Users' data is currently not safe on social media sites, which is leading to an increase in data breaches. For example, Facebook was sued in October 2020 for failing to protect users' data in the Cambridge Analytica data breach. However, Web 3.0 social networks like Steemit, onG.Social, and Sola utilise blockchain technology, which helps to maintain customer data security and allows users to choose whether or not to share their data. Furthermore, these networks empower individuals by providing them with assets in exchange for their contributions.

Global Web 3.0 Block-chain Market: Segmentations

Key Players

Biance

BTL Group Ltd.

Chain, Inc.

Circle Internet Financial Ltd.

Decentraland.

Deloitte Touche Tohmatsu Ltd.

Digital Asset Holdings, LLC

Filecoin

Flux

Global Arena Holding, Inc. (GAHI)

Helium Systems Inc.,

IBM Corp.

Kadena

Microsoft Corp.

Monax

Ocean Protocol Foundation Ltd.

Polkadot

Polkadot (Web3 Foundation)

Ripple

The Linux Foundation

ZCash

Based on Block-chain Type:

�� Public

• Consortium

• Private

• Hybrid

Based on Application:

• Cryptocurrency

• Conversational AI

• Smart Contracts

• Payments

• Data Transactions Storage

• Others

Based on End-User:

• Banking, Financial Services, and Insurance sector (BFSI)

• Retail & E-commerce

• Media & Entertainment

• Healthcare & Pharmaceuticals

• IT & Telecom

Interested in purchasing this Report

Table Of Contents

1. Global Web 3.0 Block-chain Market Introduction and Market Overview

2. Global Web 3.0 Block-chain Market - Executive Summary

3. Web 3.0 Block-chain Market Trends, Outlook, and Factors Analysis

4. Global Web 3.0 Block-chain Market: Estimates & Historic Trend Analysis (2018 to 2021)

5. Global Web 3.0 Block-chain Market Estimates & Forecast Trend Analysis, by Component

6. Global Web 3.0 Block-chain Market Estimates & Forecast Trend Analysis, by Type

7. Global Web 3.0 Block-chain Market Estimates & Forecast Trend Analysis, by Mobility

8. Global Web 3.0 Block-chain Market Estimates & Forecast Trend Analysis, by Body part

9. Global Web 3.0 Block-chain Market Estimates & Forecast Trend Analysis, by Treatment type

10. Global Web 3.0 Block-chain Market Estimates & Forecast Trend Analysis, by Application

11. Global Web 3.0 Block-chain Market Analysis and Forecast, by Region

12. North America Web 3.0 Block-chain Market: Estimates & Forecast Trend Analysis

13. Europe Web 3.0 Block-chain Market: Estimates & Forecast Trend Analysis

14. Asia Pacific Web 3.0 Block-chain Market: Estimates & Forecast Trend Analysis

15. Middle East & Africa Web 3.0 Block-chain Market: Estimates & Forecast Trend Analysis

16. Latin America Web 3.0 Block-chain Market: Estimates & Forecast Trend Analysis

17. Competitive Landscape

18. Company Profiles

19. Assumptions and Research Methodology

20. Conclusions and Recommendations

Key Benefits for Smart Web 3.0 Block-chain Market:

This study comprises an analytical depiction of the global smart Web 3.0 Block-chain market opportunity along with the current trends and future estimations to depict the imminent investment pockets.

The overall smart Web 3.0 Block-chain market forecast is determined to understand the profitable trends to gain a stronger foothold.

The report presents information related to key drivers, restraints, and opportunities with a detailed smart Web 3.0 Block-chain market analysis.

The smart Web 3.0 Block-chain industry is quantitatively analyzed from 2022 to 2030 to benchmark the financial competency.

Porters five forces analysis illustrates the potency of the buyers and suppliers in the industry.

FAQs

1)What is the Web 3.0 Block-chain market growth?

2) Which product segment accounts for the highest market share in the Web 3.0 Block-chain market?

3) Does the Web 3.0 Block-chain market company is profiled in the report?

4) Which are the top companies hold the market share in Web 3.0 Block-chain market?

5) How can I get sample reports/company profiles for the Web 3.0 Block-chain market?

About We Market Research

WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.

Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

We Market Research

Phone: +1(929)-450-2887

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Web: https://wemarketresearch.com/

#Web 3.0 Block-chain Market

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brufinance · 2 years ago

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How will ETH Merge affect the DeFi ecosystem?

Brú Finance

Ethereum, The World’s Largest Programmable Blockchain And 2nd Largest Crypto Project Just After BTC, Is The Foundation For The Future Of The Internet (Web3) And The Future Of Finance, I.E., Decentralized Finance (DeFi). Despite The Market Volatility And Macroeconomic Uncertainty Since Its Genesis, Ethereum’s Founder Vitalik Buterin Was Always Looking For Growth As He Focused On The Long-Term Building Of The ETH Network.

For This Reason, The Merge Of The ETH Network Was Executed Last Month. This Merge Will Eventually Open The Doors For The DeFi To The World.

Before Understanding The Effects Of The Merge On DeFi, Let’s First Look At The Working Of ETH And The Change In The ETH Network After The Merge.

Ethereum Has Been Working On Proof Of Work Since Its Inception In July 2015. However, On December 1, 2020, A New, Separate Consensus Proof-Of-Stake Layer Called Beacon Chain Was Created From The Existing Mainnet.

The Ethereum Mainnet Usually Runs For All Accounts And Applications And In Parallel With The PoW With The Beacon Layer Following PoS. Therefore, The Beacon Chain Worked Side-By-Side With Testing And Processing With Active Validators Without Impacting The PoW Mainnet.

After A Successful Check, The Merge Took Place On September 15, 2022.

As A Result, The Beacon Chain Running In PoS Has Become A Run-Level Consensus Mechanism As A Single Chain Handling All Accounts, User Data, And Transactions.

The Ethereum Merge Refers To Merging Ethereum’s Mainnet (The Execution Layer Currently Protected By The Energy-Intensive Proof-Of-Work System) And Another Consensus Layer, The Beacon Chain, Based On The Proof-Of-Stake Mechanism. Once Complete, Transaction Blocks Are Added To The Ethereum Blockchain Via Proof-Of-Stake Verification Only, Eliminating The Role Of Ethereum Miners And Their Heavy Carbon Footprint.

Currently, In The Move To Proof Of Stake, Validators Are In Charge Of The Verification Process Without The Need To Mine Blocks And Verify Blocks, Which Consumes High Computational Power.

As Ethereum Moves To Proof Of Stake, It Will Use Tokens To Rely On Validators To Validate Transactions And Add New Blocks To The Chain. Ethereum Stakers Must Deposit 32 ETH On The Beacon Chain, Also Known As The Consensus Layer, To Run Validator Nodes. Alternatively, You Can Deposit A Small Amount Of ETH Into A Staking Pool.

Now, Let Us Look At The Effects Of The Merge On DeFi.

DeFi market after Merge

Over The Past Two Years, ETH Network Adoption And Usage Have Skyrocketed, Sending A Strong Signal Of Network Maturity. Today, Over Half Of The Entire DeFi Ecosystem Run, Works, And Builds On The Ethereum Network. For Example, AAVE And Uniswap Are The Two Largest DeFi Platforms Built On Ethereum. Since The ETH Network Moved From POW To POS, It Will Lead To Some Significant Technological Upgrades In The DeFi And Web 3.0 Ecosystem Seen In Recent History. This Upgrade Not Only Benefits The Environment But Also Network Adoption And Growth. Businesses Can Build More Easily And Confidently On The Ethereum Network Without Worrying About Power Consumption Or Sustainability Regulations. The Transaction Will Be Smooth And Fast As Compared To Before. More DApps Can Be Built Easily And Efficiently. You May Have Seen It Widely Covered By All Web 3.0 Publications, Projects, Influencers, And Traditional Media Sources On The Internet.

DeFi market after Merge

The Changes Can Be Seen In The ETH Network System. The ETH Network Formally Abandoned The Energy-Intensive Miner-Based System, Which Was Previously Used To Handle Distributed Ledger Updates. By Removing Compute-Intensive Proof-Of-Work Mining From Ethereum, The Merge Helps Reduce The Overall Network Power Consumption By More Than 99%.

By Moving From Proof Of Work (PoW) To Proof Of Stake (PoS) Consensus Mechanisms, The Merge Will Change How Value Is Accumulated Across The Ethereum Network. Validators Are Rewarded 5.5–13.2% For Validating Transactions And Adding Them To Blocks, While Token Holders Are Rewarded Through The Token-Burning Mechanism.

This Merge Will Further Deflate Ethereum Supply As It Will Be Issued Less. Currently, ETH Is Issued At The Execution Level As A Reward To Miners And At The Consensus Level As A Reward To Validators. After The Integration, Issuance Will Stop At The Run Level, Reducing New ETH Issuance By Almost 90%.

Let Us Understand How The Move From PoW To PoS Will Affect The ETH Issuance Rate.

Now, The Ethereum Transactions Are Not Validated By Miners Doing The Math But By Validators Who Stake Their Own Money (In The Form Of ETH) As Collateral To Ensure They Are Diligent And Honest In Their Validation. In Return, Validators Who Successfully Add Blocks To The Blockchain Receive A Monetary Reward For Their Work. In The Context Of Ethereum, The Validator Would Have To Stake 32 ETH (At The Current Price Of 1558$, As Marked On 27th Oct 2022, It Is Around $50,000) To Run A Validator Node.

This New System, Therefore, Creates The Potential To Generate Direct And Secure Income From ETH Holdings. This Is A Great Deal For Investors, Especially In The DeFi World, And Could Prove Attractive To Money Managers Whose Primary Concern Is To Generate Stable Returns With High Upside Potential.

Moreover, ETH Staking Will Also Boost The Entire Decentralized Finance (DeFi) Space. The Size And Reliability Of The Ethereum Network Make It Roughly Equivalent To The US Treasury Bond Market In The Crypto World.

ETH Staking Has Become The De-Facto “Risk-Free” Rate For Cryptocurrencies And Serves As The Base Rate Against Which All Kinds Of Revenue-Generating DeFi Projects Can Be Benchmarked.

The Ethereum Merge And Future Ethereum Upgrades, Coupled With The Development Of A Layer 2 Blockchain That Allows For Massive Scaling While Inheriting The Security Guarantees Of The Base Layer, Will Create A New Proof-Of-Stake-Based Infrastructure Built On Ethereum. As A Result, It Leads To A Sharp Increase In The Users Rushing Into The DeFi System.

Based On The Combination Of All These Factors, It’s No Wonder Many Are Bullish On Ethereum, Its Ecosystem, And DeFi. This Merge Was About Long-Term Value, Not Short-Term Price Appreciation. The Ethereum Ecosystem Is Built Over Time. Despite Current Geopolitical And Macroeconomic Factors And Recent Market Volatility, The Community Continues To Develop Innovative Products And Systems, And Institutions Desire Institutions To Participate.

Financial Institutions And Investment Banks Such As Goldman Sachs And Barclays, A16z, Hedge Funds Such As Citadel Securities And Point72 Ventures, And Retail Banks Such As Banco Santander And Itau Unibanco — Invest Their Funds In Cryptocurrencies And Offer Their Clients Cryptocurrency Investment Opportunities Through Defi Are Now Working On Plans To Provide Options To Their Users.

For A Long Time, The Debate Revolved Around Institutional Investment In Crypto Rather Than Traditional Finance (TradFi) Vs. DeFi. The Growing Popularity Of DeFi Is Often Seen As The Death Knell For TradFi. However, The Digital Asset Management Strategies Of Many TradFi Companies During The Recession Show That TradFi And DeFi Have Complemented Each Other. This Trend Will Likely Increase Post-Merge As Institutional Investors Perceive It’s All A Long Game.

As The Merge Will Make The Ethereum Network More Secure And Set It Up For Future Scalability, It Is Expected That The Institutions Will Become Increasingly Interested In Engaging With The DeFi Ecosystem.

Over The Past Two Years, DeFi Innovation Has Created The Infrastructure And Tools Necessary For The Institutional Adoption Of DeFi. As A Result, More And More Institution-Focused Projects Are Hitting The Market, From Approved Credit Pools That Only Guarantee KYC Participants, To On-Chain Asset Management, To MEV-Resistant Best Execution Protocols, To Decentralized Identities.

It Can Also Be Seen That The Layer -2 Projects Such As Optimism, Polygon, And Arbitrum Are Achieving Enough Of The DeFi Volume For Yield Farming. Further, More Institution-Focused Projects Will Hit The Market As Post-Merge Layer 2 Scaling Accelerates.

It Is A Common Misconception That Ethereum Scaling Solutions Will Eventually Make Layer 2 Solutions Redundant, But Most Layer 2 Solutions, Like Polygon, Said That Even If The Ethereum Consensus Changes, It Does Not Reduce The Need For A Scaling Solution.

The ETH Merge Paves The Way For Sharding, But This Upgrade Is Not Enough To Scale Ethereum. Nevertheless, The Polygon Will Benefit From It And Improve The Performance Of Scaling Solutions. This Merge Is Expected To Make Layer 2 More Environment-Friendly. Polygon Claims It Will Reduce Carbon Emissions By 60,000 Tons, Or 99.91% Of Its Current Value.

Built To Help Ethereum Scale, Layer 2 Will Move Along With The Ethereum Merge. So, For Example, If Arbitrum Is Faster Than Ethereum Before The Merge And The Layer 1 Itself Becomes Faster, Then Arbitrum Essentially Scales In Speed As Well. As A Result, User And Developer Experience With Layer 2s Will Improve In Tandem With How Ethereum Improves Over Time.

Both Optimistic And Zero-Knowledge Rollups Will Benefit Greatly From Sharding After The Merge, Even In Its Most Primitive Form, Which Is Only Useful For Storing Data With Guaranteed Availability.

Many Industry Insiders Have Hinted That No Matter How Scalable The Network Becomes, Layer 2 Will Continue To Thrive And Be Able To Gain A Foothold On The Ethereum Blockchain. After All The Phases Are Completed On The Ethereum Mainnet, L2s Will Continue To Be The Execution Layer.

Opportunities after the ETH Merge

The Move To PoS Has Created Attractive Reward Opportunities For Institutions. For Example, The 4.06% Annual Returns On ETH Positions As Major ETH Holders, Including Crypto Exchanges, Funds, And Custodians, Have Already Realized That Holding ETH Gives Them A Strong Position Within The DeFi Ecosystem.

For Institutions, The DeFi Opportunities Are Enormous, And Mergers Will Only Help The Market Mature And Create Opportunities For Investors Seeking Returns In A Riskier Space. In Addition, Institutional Investors Who May Have Previously Been Skeptical Of DeFi’s Investment Opportunities Have Found The Growth Of The DeFi-Powered Web3 And Other Related Financial Products Inevitable. They May Still Need To Understand The Dynamics Behind DeFi Or Web3 Fully, But They Have Learned That Digital Asset Classes Must Be Addressed.

The DeFi Ecosystem Will Change Forever When People Who Stake ETH On The Beacon Chain Start Receiving Staking Rewards. The Search For The ETH Killer Coin Has Forced The Ethereum Foundation To Take This Step Of The Merge.

Building DApps Using Smart Contract Applications Have Revolutionized The Cryptocurrency Industry, And Mining ETH Has Made Many Fortunes. This New Generation Of DApps Deployed On Beacon Chain Contracts Makes It Easier For Developers To Deploy The APIs. The Boom In New DeFi Projects Is Based On Ethereum, The Second-Largest Crypto Asset By Market Capitalization.

When You Invest Your ETH Into A Staking Pool, Your Stored ETH Instantly Becomes A Time Deposit, With Estimated Returns Of Up To 10%. The Cryptocurrency Community Hopes This Will Attract More People To ETH, Further Boosting Web 3.0 And DeFi Adoption.

Conclusion

Ethereum’s Proof Of Stake Integration Has The Potential To Transform The Network And Establish Ethereum For Long-Term Sustainability And Scalability. Given The Significant Role Ethereum Plays In Both DeFi And NFTs, This Should Benefit The Entire Crypto Ecosystem.

About Brú Finance

Brú Finance Is Creating A New Paradigm Of DeFi 2.5, Bringing Emerging Market Asset-Backed Bonds To Decentralized Finance. Brú Finance Is The Largest Issuer Of Tokenized Real-World Assets (RWA). Brú Finance Connects Decentralized Lending To The Real Economy, Serving The Un/Underbanked Population Of 1.70 Billion In The Global South.

For More Industry Updates And The Latest News About Brú Finance, Please Join Us On:

Discord: Https://Discord.Gg/8C9SZXDy2r

Telegram Channel : Https://T.Me/Bruofficial

Twitter: Https://Twitter.Com/Bru_finance

LinkedIn : Https://Www.Linkedin.Com/Company/Bru-Finance/

#rwa #ESGbonds #DeFiwithBru #esg #investment

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seanomahony-blog1 · 6 years ago

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The Changing Web - ‘Web 3.0, 4.0 & Blockchain Technology’

THE CHANGING WEB

‘Web 3.0, 4.0 & Blockchain Technology’

Table of Contents

Intro - Review of Blockchain Technology ................................................ 3

Bitcoin Definition ...................................................................................... 4

How it Works ............................................................................................ 4

Impact of Blockchain Technology ............................................................ 5

The Black Market ..................................................................................... 5

DApps & Smart Contracts ........................................................................ 5

Banking Sector ......................................................................................... 6

Reflection on the Evolution of Blockchain Technology ............................ 7

Unbanked and Undocumented ... ............................................................ 7

Business ................................................................................................... 8

Conclusion ............................................................................................... 8

The Changing Web – ‘Web 3.0, 4.0 and Blockchain Technology’

“A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Constantly growing as ‘completed’ blocks (the most recent transactions) are recorded and added to it in chronological order, it allows market participants to keep track of digital currency transactions without central record-keeping. Each node (a computer connected to the network) gets a copy of the blockchain, which is downloaded automatically.”i

Intro - Review of Blockchain Technology

In late 2017, a cauldron started to boil similar to the ‘dot com’ bubble of the 1990s and 2000s as billions of dollars poured into the unregulated, ‘wild west’ of cryptocurrency markets. Millions of people worldwide, traded ‘cryptos’ using exchanges based in Hong Kong, China and New Zealand.

As Large amounts of capital flooded into these volatile markets prices could shoot-up or drop off the bat of a single tweet, or Reddit post. ‘Noobs’ were encouraged to ‘HODL’, a purposely misspelt acronym - ‘hold on for dear life’, and not to panic sell as prices would eventually recover. Like wall street on amphetamines, a week in crypto markets were equivalent to a month on the NASDAQ. Market leader ‘Bitcoin’ at one-point hit $21,000 a coin (in December 2013 it was trading in the mid $300s).ii Like all bubbles, it eventually popped in mid-January and a lot of capital changed hands. A classic gold rush, those who got in early made money and those who were late to the party generally got scalded.

But what are these crypto-currencies? Why have they become so popular in recent years? Are they important to the development of digital technology? And if so, why? In order to understand it’s development, we need to go back to the financial crash of 2008 where elusive and enigmatic creator ‘Satoshi Nakamoto’ first conceived Bitcoin.iii

Roots and Political Importance

2008 was a devastating year for financial markets as the world economy collapsed due to reckless lending practices and a deregulated credit market caused a huge bubble that eventually burst, destroying the U.S. economy, leaving millions homeless and wreaked havoc in Europe, especially Ireland, Greece, Spain and Italy. Due to this, many began to distrust centralized financial institutions, seeking safer alternatives. This is when Bitcoin was born. In 2013, Cypriots fearing the safety of their bank deposits drove the price of bitcoin up 87% in March of 2013. iv 13,000 miles away from and 2 months later in June of 2013, and13,000 miles away in Hong Kong former NSA contractor Edward Snowden leaked documents to the Guardian and Washington Post exposing the American National Security Agency’s spy program PRISM “which forces biggest US internet companies to hand over data on domestic users” and “collects over 25 million email inbox views and contact lists a year from online services like Yahoo, Gmail and Facebook” encouraging people to become aware of how their data is being collected and and the importance of encryption as a necessary protection in our day to day lives (these leaks have paved the way to the recent GDPR data protection act in Europe earlier this year).v At the same time as these leaks, libertarian Ross Ulbricht (arrested in October of 2013) was running a multi-million global online drug and weapon bazaar on the dark web called the Silk Road. This network was fueled by bitcoin.

It’s important to note the political climate and general public sentiment between 2008 and 2013 to understand the blockchain space today as it demonstrates a psychological shift as distrust in banks were at an all time generational low which has paved the way forthe ‘post-trust’ economy blooming today.

Bitcoin Definition

“Bitcoin (BTC) is a digital currency, which is used and distributed electronically. Bitcoin is adecentralized peer-to-peer network. No single institution or person controls it. Bitcoins can’tbe printed and their amount is very limited – only 21 million Bitcoins can ever be created.”vi

Bitcoin is a monumentally important development in both financial and digital history for the simple reason that it is a trustless payment system with no central governing body.

How it Works

Understanding how bitcoin works is fundamental to understanding blockchain technology and what I believe the future of web development, the basics of which are easy to understand –

Any given blockchain consists of a single chain of information, arranged in chronological order. In principle this information can be any string of 1s and 0s – emails, contracts, land titles etc.… however in bitcoin's case the information is mostly transactions. Another name for a blockchain is a "distributed ledger" and Bitcoin's ledger is public.Anyone can download it in its entirety or head to any number of sites that parse it. You can

see, for example, that

15N3yGu3UFHeyUNdzQ5sS3aRFRzu5Ae7EZ sent 0.01718427 bitcoin to 1JHG2qjdk5Khiq7X5xQrr1wfigepJEK3t on August 14, 2017, between 11:10 and 11:20 a.m.vii

Person A sent X bitcoin to person B, who sent Y bitcoin to person C, etc. If this was through an online banking service, the bank, or both banks (if they have separate banks) would validate the transaction. Bitcoin transactions are different because they are decentralized.

In other words, everyone keeps an eye on everyone else. No one needs to know or trust anyone as transactions are validated through a distributed consensus system called ‘mining’, which enforces a chronological order to the blockchain, protecting the neutrality of the network, and allows different computers to agree on the state of the system, or in simple terms, a global network of computers set-up to automatically validate transactions in chronological order. Every transaction is recorded by a distributed public ledger of which each miner has a copy (automatically downloaded after each transaction). This makes the system difficult to corrupt. viii ix

Impact of Blockchain Technology

The Black Market

In the early days, bitcoin had a huge impact on the black market and became known as a medium of exchange for illegal activities online. A new kind of drug dealer was born. Most famously is a man named Ross Ulbricht (inspired by the Austrian economic theory of Ludwig Von Mises and Murray Rothbard), set-up and ran the Silk Road, an online international illegal drug and weapons bazaar similar to Ebay and Amazon where buyers, sellers and their product would be rated through a user review system. This website was run on bitcoin as it allowed frictionless cross-boarder payments between buyers and sellers. Many pubs also started to accept BTC as payment, and in 2010 Papa Johns once accepted a bitcoin payment for pizza in the US.x xi

In recent years a number of ‘privacy coins’ have sprung up such as Dash, Monero and Verge. Monero is similar to Bitcoin however, payments are scrambled 3 times before being recorded on the Monero ledger making it near impossible to trace payments, providing an ideal medium of exchange for illegal activities. Verge is an interesting one, as it has both a private and public ledger, and you can choose to switch between them depending on what you are purchasing. Verge partnered with adult entertainment giant ‘Pornhub’ earlier this year allowing anonymous safe anonymous payments for pornography.

DApps & Smart Contracts

Although still a minority sport, the influence of crypto currencies began to trickle into the technology sector with the emergence of new coins such as Litecoin and Swiftcoin in 2011, (which can perform transactions much faster than its predecessor). However, 2015 saw the biggest change in the cryptocurrency space that would have a huge influence on the technology sector. The birth of Ethereum, a planetary scale computer powered by blockchain technology” was the first decentralized application blockchain that allows developers to build and release applications on the network. While the Bitcoin blockchain facilitates electronic cash payments, the Ethereum blockchain facilitates the running of code on any decentralized application, so as bitcoin is a new currency and accepted as a medium of exchange, ‘ether’ is gas to fuel the applications. xii

Imagine all of Google’s servers in one place, then break them up into virtual tokens (ether) and distribute them to people across the world. Each token is a node on the Ethereum network and the aggregate grid of these nodes now becomes the world’s largest web server, like a brand new internet system.

DApps are made possible by ‘Smart Contract’ technology -

“A contract is an agreement having a lawful contract entered into voluntarily by two or more parties, each of whom intends to create one or more legal contracts between them. A smart contract is a computer protocol that facilitates, verifies, or enforces the negotiation of a contract, or that obviate the need for a contractual clause” Smart contracts eliminate the need for a middle-man or third party, so any application that is centralized, a decentralized version can be made. For example, a decentralized version of

Dropbox is called Storj. Storj allows anyone around the world to lease out hard-drive space to anyone using the Storj protocol.

As a user, your experience is similar to that of Dropbox as I am accessing hard drive space in the cloud, however it isn’t governed by a central body. Storj is run on the Ethereum network using EC20 tokens. Ethereum and other Dapp and Smart Contract blockchains are important because the public distributed ledger technology allows no third party interference and no censorship, which could revolutionize law and voting practices and make society and private business a fairer place. New organisations and companies are competing with Ethereum to become the first mainstream DApp network, mostly importantly EOS and Cardano.

Banking Sector

The banking system as we know it has been disrupted by crypto-currencies and many banks such as Santander, JP Morgan Singapore and Bank of America are beginning to adopt this new technology.xiii Bitcoin was embryonic in the development of this space because it clunky and slow, however paradoxically, it paved the way for 2 important currencies are Ripple (XRP) and Stellar (XLM) which have become important in the development in the movement of money, particularly the settlement of cross-border payments and digital settlements. The way to understand these currencies or systems, is to think of banks as software companies. These software companies need a safe and secure back-end rail network for their transactions which these currencies allow, For example;

Ripple is a near instantaneous system that facilitates money transfer (partnered with Santander, the first UK bank to introduce blockchain technology, they are also partnered with 61 Japanese banks)xiv xv. For example; if person A sends person B 10XRP it will arrive in person B’s digital wallet almost instantaneously, or if bank A wants to send bank B $1 million, it will be converted into XRP momentarily and back into $ on the other end. So in this way XRP is used as a medium of settlement. Ripple is also a centralized blockchain who controls most of it’s supply, the first central bank of cryptocurrency.

Stellar Lumens (originally a hard-fork from Ripple) is a similar protocol however it is completely decentralized and a non-profit organization aims to be the backend lightening railway for P2P money transfers, for example facilitating and speeding up Western Union and Moneygram payments, allowing money to ‘move like email’. IBM have partnered with

Stellar Lumens and have just launched their ‘World Wire Payment System’ which aims to "clear and settle cross-border payments" in near real time and could “drastically improve international transactions and advancing financial inclusion in developing nations."xvi Stellar have also partnered with Deloitte, and Stripe (Stripe are partnered with Open Table) digital payments system.

Reflection on the Evolution of Blockchain Technology

To reflect on the evolution of blockchain technology I will paraphrase Cardano founder Charles Hoskinson – the future will be decentralized (or at least it will be a viable option). I believe that decentralization can do good for the world and help to improve people’s lives in less developed societies. I also see the blockchain and smart contracts as a necessary tool in the evolution in the business world.

Unbanked and Undocumented

Currently approximately 4 billion of the world’s population is banked and documented, and the other 3 billion unbanked and undocumented. Take John for example, an Irish male, 30 years of age, university educated, decent work history, owns a modest house and car, has insurance for both, and has access to relatively cheap credit. Then take Ahmed, a 45-year-old Afghani male who has no formal documentation (passport, driving license, or birth certificate) lives in a cash economy, has no verifiable work history, does not own deeds to his land, and the only credit he has access to is from his friends or family. His brother sends him money from India with a 15% remittance cost, and all his assets are also uninsured.xvii

Blockchain and smart contract technology allow Ahmed to build a digital history, register and store documents such as land deeds in the blockchain regardless of third party threats or the country’s government, once information is in the blockchain, it cannot be taken out. Ahmed’s brother in India, can also send send money at a fraction of a cent over the Stellar network for example which can be accessed almost instantaneously and with a tiny remittance fee. Smart contract technology also allows Ahmed access to decentralized microlending and micro-insurance which in-turn offers Ahmed a chance to develop a credit score.

The next problem is that only 51% of the world’s population is online, so how can Ahmed access these services? As any web service can be decentralized just like mining bitcoin, or using Storj to store files, so can ISPs (internet service providers). So, by using old Wi-Fi hardware or an old mobile phone, Ahmed can be a node on a network providing internet to his community.xviii

Business

Not all blockchains are decentralized, and the private sector has begun to adopt this technology. For example, IOTA, a leading organization in the ‘internet of things’ space is a private blockchain based in Germany and provides a platform for the machine economy (currently working with Samsung and Volkswagen). They have also been funded as part of the EU Horizon 2020 ‘Smart City’ initiative which is overseen by the University of Oslo and aims to make selected European cities produce more energy then they use. The Chinese ecommerce giant Alibaba is partnered with Waltonchain, an IoT (internet of things) logistics project which facilitates supply-chain management, and VeChain another private blockchain used for supply-chain management is currently partnered with BMW and DB Schenker.

Governments are also starting to use blockchain technologies, for example;

• Chile are using the Ethereum network to track data and finances from the energy grid.xix

• Canada is testing out the Ethereum blockchain for transparency of government grants as a means to fight corruption.xx

• Britain are testing blockchain technology for registering documents in the national archives.xxi

• Australia is using the blockchain to build a social welfare system.xxii

• Estonia is using the blockchain to secure health records. xxiii

Conclusion

Unfortunately, cryptocurrencies make illegal activity a lot easier. Online drug and weapon bazaars continue to crop up since the Silk Road has been shut down. Currencies such as Monero and Dash are almost impossible to trace, and and anyone who knows what they are doing can access these sites on the Dark web. Overall I believe the shift toward blockchain and smart contract technology to be a positive one and a very important development of our time, leading us into web 3.0 and 4.0.

Although still in it’s early stages, this technology has the power to democratize the internet through decentralization and using smart contracts to protect our data, which in-turn redistributes the power that big corporations Facebook, and Google have accumulated over the years through data collection back into the hands of the individual, protecting people from the potential abuse of power like the Cambridge Analytica scandal which came to light earlier this year.

Politically, this technology is also very important, and can aid in the fight against corruption. For example, the use of the Ethereum network to aid the transparency of government grants and the government of Estonia using the blockchain to secure health records are positive steps toward safer governance. As more and more start to utilize this technology, the potential for data collection by big tech companies and governments operating within legal grey areas will be diminished.

Edward Snowden’s 2013 NSA leaks exposed the extent to which governments and third

parties have access to our personal data which was a wake-up call to many. Following these revelations, Austrian native Max Schrems took on Facebook for being in breach of EU law, which led to the collapse of the ‘Safe Harbour’ data agreement between the EU and US which thousands of companies were using to their advantage. This ultimately resulted in the GDPR law implemented in the EU in 2016. Blockchain and smart contract technology will act as a data protection mechanism in the future and disempower data collection companies through encryption of personal data. As demonstrated the same technology can also be used to protect and aid people in less-developed countries providing access to loans and insurance, and provide a safe place to store data which was previously not easily available.xxiv

At the moment, this space is similar to the internet 1994. It’s too early to tell, but big change appears to be on the horizon as individuals, big companies and governments continue to invest in the blockchain.

Bibliography

i ‘What is a Blockchain?’ (2018), Available at: https://www.investopedia.com/terms/b/blockchain.asp (Accessed: 13 September 2018)

ii ‘Bitcoin Price, a Year In Review’ (2014), Available at: https://www.coindesk.com/bitcoinprice-2014-year-review/ (Accessed: 13 September 2018)

iii ‘Satoshi Nakamoto, Bitcoin’s Enigmatic Creator’ (2018), Available at:

https://www.economist.com/technology-quarterly/2018/09/01/satoshi-nakamoto-bitcoinsenigmatic-creator (Accessed: 13 September 2018)

iv ‘Bitcoin Price Surges Post-Cyprus Bailout’ (2013), Available at:

https://money.cnn.com/2013/03/28/investing/bitcoin-cyprus/index.html (Accessed: 13 September 2018)

v ‘Edward Snowden Timeline’ (2014), Available at:

https://www.nbcnews.com/feature/edward-snowden-interview/edward-snowdentimeline-n114871 (Accessed: 13 September 2018)

vi ‘What is Bitcoin?...’ (2018), Available at:

https://cointelegraph.com/bitcoin-forbeginners/what-is-bitcoin#bitcoin-definition (Accessed: 13 September 2018)

vii ‘How Does Bitcoin Work?’ (2018), Available at:

https://www.investopedia.com/news/how-bitcoin-works/ (Accessed 14 September 2018)

viii ‘Bitcoin Confirmations’ (2018), Available at: http://bitcoins.net/guides/bitcoinconfirmations.asp (Accessed: 13 September 2018)

ix ‘How Does Bitcoin Work?’ (2018), Available at: https://bitcoin.org/en/how-it-works

(Accessed: 14 September 2018)

x ‘He Paid How Much…’ (2014), Available at: https://www.coindesk.com/he-paid-how-muchcoindesk-releases-bitcoin-pizza-day-price-tracker/ (Accessed: 14 September 2018)

xi ‘…Buy Pints Using Bitcoin in Dublin’ (2015), Available at: http://publin.ie/2015/heres-howyou-can-buy-pints-using-bitcoin-in-dublin/ (Accessed: 14 September 2018)

xii ‘Ethereum: The World Computer’ (2015), Available at:

https://www.youtube.com/channel/UC6rYoXJ_3BbPyWx_GQDDRRQ (Accessed: 14 September 2018)

xiii ‘Comprehensive List of Banks Using Blockchain Technology’ (2018), Available at:

https://hackernoon.com/comprehensive-list-of-banks-using-blockchain-technology-97c08fa88385 (Accessed: 14 September 2018)

xiv ‘Ripple Partners with 61 Japanese Banks’ (2018), Available at:

https://www.financemagnates.com/cryptocurrency/news/ripple-partners-61-japanesebanks-develop-domestic-payments-app/ (Accessed: 14 September 2018)

xv ‘Santander Becomes First UK Bank to Introduce Blockchain Technology…’ (2018), Available at: https://www.santander.com/csgs/Satellite?appID=santander.wc.CFWCSancomQP01&canal=CSCORP&cid=1278712674240&empr=CFWCSancomQP01&leng=pt_PT&pagename=CFWCSancomQP01%2FGSNoticia%2FCFQP01_GSNoticiaDetalleImpresion_PT48 (Accessed: 14

September 2018)

xvi ‘IBM Introduces World Wire Payment System on Stellar Network’ (2018), Available at:

https://bitcoinmagazine.com/articles/ibm-introduces-world-wire-payment-system-stellarnetwork/

(Accessed: 14 September 2018)

xvii Hoskinson, C, (2014), TedxBermuda, https://www.youtube.com/watch?v=97ufCT6lQcY

(Accessed: 15 September 2018)

xviii ‘Global Internet Usage’ (2017), https://en.wikipedia.org/wiki/Global_Internet_usage

(Accessed: 15 September 2018)

xix ‘Chile is Using Ethereum’s Blockchain...’ (2018), https://www.coindesk.com/chile-to-useethereums-blockchain-to-track-energy-data/ (Accessed: 15 September 2018)

xx ‘Canada Leverages Etheruem Blockchain…’ (2018), https://www.ethnews.com/canadaleverages-ethereum-blockchain-for-public-transparency-of-government-grant (Accessed: 15 September 2018)

xxi ‘Trustworthy Technology…’ (2018),

https://blog.nationalarchives.gov.uk/blog/trustworthy-technology-future-digital-archives/

(Accessed: 15 September 2018)

xxii Welfare Payments in Australia Could Be Delivered Over The Blockchain’ (2018),

https://www.zdnet.com/article/welfare-payments-in-australia-could-be-delivered-overblockchain/

(Accessed: 15 September 2018)

xxiii ‘Estonia is Using…’ (2016), https://www.businessinsider.com/guardtime-estonian-healthrecords-industrial-blockchain-bitcoin-2016-3?r=UK&IR=T (Accessed: 15 September 2018)

xxiv ‘How Did We Get Here?’ (2018), https://eugdpr.org/the-process/how-did-we-get-here/

(Accessed: 16 September 2018)

#blockchain #cryptocurrency #bitcoin

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gryllshubham · 2 years ago

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How to Select the Best Blockchain UX Designer for Web3 Project

Do you need help finding a reputable blockchain user experience designer? You are in the proper location. I'll go through some essential advice for picking the best bitcoin UI/UX designer.

The burgeoning Blockchain Technology and CryptoCurrency are now being discussed in the Web3 community. Just why not? Cake is a universal favourite, especially when it is fresh from the oven. There is no way to escape being involved with blockchain and other similar topics because they are so pervasive.

You'll learn some vital advice for picking the best blockchain UI/UX designer or blockchain UX design firm after reading this post.

What is Blockchain?

Describe Blockchain.

A blockchain is a decentralised digital ledger of transactions shared across a network of computers that is part of the Web3 design area. Information transactions are kept in a chain of blocks that is very secure and challenging to break into or change.

The widespread adoption of blockchain technology depends on the UX (user experience). The web3 environment, according to industry analysts, has a number of UX problems. The blockchain should be easy to use, error-free, secure, and help build the platform's credibility. Poor user experience, also known as UX, is a major barrier to the adoption of Web 3.0. Because of this, only a qualified blockchain UX designer can address the issues that the aforementioned sectors are currently facing.

What is UX Design?

UX stands for "User Experience," while "design" refers to the clear presentation of ideas and the communication of information. A concept called "UX Design" helps real-world products and services get better before users.

UX Design Principles:

When it comes to UX/UI design, there are some fundamental web design principles that are essential to the entire process:

control over actions and mistakes that cannot be undone

Design consistency is crucial.

Design for real-world application

Excellent output and adaptability

Observations from the system

Important Role of UX Design in Blockchain:

While being a young topic, ux design for web 3.0 and blockchain is advancing significantly.

Blockchain is still developing and difficult to trust, however UX design helps:

Because blockchain usage is expanding globally, it's likely that you'll want to expand your market by attracting individuals who are just getting started. The success of your product depends critically on the onboarding of customers.

For instance, a survey by Deloitte found that 38.23% of new banking clients drop out of the process if it takes too long or asks for more personal information than they feel comfortable sharing. The simplicity of signing up and logging in, according to 26.09% of those clients, is the most crucial factor in choosing a bank.

For a better user experience and to gain market share, UX design will be extremely important when building Web3 goods (such blockchain, cryptocurrency, NFT market place, Ft gaming, etc.).

Users can interact with your product more easily thanks to UX design:

Despite the complexity of blockchain technology, your brand doesn't have to be. It is essential to create a visual system that is well-organized and simple to comprehend. Users are more inclined to use your product again if they can interact with it more readily. Ux design skillfully aids in accomplishing this goal.

What is Blockchain UX Design?

The process of creating distinctive, straightforward, and user-friendly interfaces for Web3 projects like blockchain, cryptocurrency, NFTs, play-to-earn games, DeFi platforms, and crypto Apps is known as blockchain user experience design, or crypto design. Blockchain UX design agencies assist in creating amazing user-friendly web3 projects.

A blockchain UX designer's responsibilities and roles include developing distinctive, uncomplicated, and user-friendly interfaces that keep users interested. Applicants must have a solid grasp of blockchain architecture and systems.

Why is UX vital in Web3?

Blockchain is, to put it mildly, a challenging area to penetrate. It is technologically sophisticated, competitive, and nobody really knows where it is headed.

In light of this, it may be challenging to understand what buyers desire from a product, leaving web3 designers perplexed regarding user experience.

Understanding why user experience is so important in the blockchain era is key.

In some form, 9.8 million people in the UK were in possession of bitcoin. That represents a 553 percent increase from the prior year. But even though the market is growing quickly, we are still working for widespread adoption. The third factor, in my opinion, will be a stronger focus on the user experience in the area.

The following is why:

Credibility of a website is frequently influenced by its back end. 47% of users, according to a Forbes research, expect websites to load in under two seconds. Building confidence in the new Web3 space is therefore vital.

Things to Know before Hiring Blockchain UX/UI Designer

Before making an online purchase, 88% of shoppers read product reviews, according to the eCommerce Foundation.

In a Business 2 Community survey, 94% of participants responded that a website's design is the main factor leading them to mistrust or reject it.

We are used to all facets of a design firm and what it should provide clients based on our experience as a UX design business with comprehensive knowledge of UX design. Our objective is to work with you to create a UX design for your company's goods and services that satisfies your needs.

Tips to Hire Blockchain UX Designer

Tip 1: Examine the Portfolio.

You must examine the portfolio to evaluate the caliber of the work. Keep an eye on the niche portfolio of your company's goods and services.

Tip 2: Evaluate communication effectiveness.

You can gauge if the business you are dealing with will perform effectively or not by communicating with it.

Any project must have frequent communication to be successful. You should always be aware of the projects the hired designer is working on the day before, the day after, and the day after that.

Tip 3: Prepare the project-related questionnaire.

You must create a comprehensive questionnaire list in order to assess your grasp of the design challenge. You will benefit if a design firm fully comprehends the objectives of your project before they get started.

You might think about declining if they start fooling up with you.

Tip #4: Evaluate project management capabilities

How effectively they can manage a project depends on their project management abilities. Although there are a few strategies, it might be challenging to forecast how blockchain UX designers will present their findings in advance.

The first indication of a manager's drive and management skills is how frequently they communicate and whether or not the proposal was submitted on time.

Tip 5: Pay close attention to customer reviews.

Always be on the lookout for low quality work and large client testimonials. That doesn't necessarily indicate that a web3 UX design agency or web3 UX designer—also known as a blockchain UX UI designer—is providing services of a high caliber.

If at all feasible, obtain proof from a recent client and inquire about the experiences of other design agencies. You should also find several testimonials and reviews for people (or businesses) evaluations on websites like clutch and Linkedin.

Tip 6: Check service scope

You must verify their specialization in a certain niche, such as "UX design," before hiring a UX design specialist or UX UI design firm. It need to be able to offer more accurate conversion statistics than a generic design firm that handles branding or web page design. Always inquire about the designer's presentation on the subject of your project. This will expose both their motivation and their strategic orientation.

Moreover, inclusivity, or the capacity to address or cover a particular range of topics, is required.

Tip 7: Benchmarking and user research

Every blockchain user experience (UX) designer should have a strong background in user research, testing, and audit. Examine these attributes before hiring.

Tip 8: Get clear on pricing for hiring a Blockchain UX Designer

The primary consideration when employing someone is always cost. If you engage a specialist blockchain UX designer, most UX design services are based on an hourly basis.

Trends in Blockchain UX Design

Although there are constantly changing trends in blockchain design, the fundamentals never change. It's crucial to employ design thinking, conduct in-depth user research, and quickly evaluate ideas like low-fidelity wireframes. These are essential instruments that deliver superior outcomes. Aspects that foster trust are necessary when developing for blockchain. Designing for the global nature of the block chain, with appropriate localization and device independence, is the important trend.

It's important to take into account various languages and devices since you want to be able to communicate your outcome and the design you're working on with as many people as possible. Systems that can be adjusted to various environments must be designed.

Importance of a Good Blockchain UX Design Agency

The success of your business depends on selecting the best UX design company, which can help you and your company stay one step ahead of the competition. It can take some time to choose the best UX design company, like Realmonkey, but it is neither impossible nor difficult. To achieve significant growth rates for your company's product, you must find a strategic UX agency partner.

To keep their customers interested and deter them from visiting their competitors' websites, the majority of firms hire top-rated website design agencies to provide professional web design services.

For the creation of their Web3 projects, our firm has collaborated with numerous leading brands.

Check out our Web3 application portfolio here.

You can get in touch with us to discuss your Web3 project if you're seeking for exceptional UX UI design and redesign services. We would be happy to speak with you.

Conclusion

Every mobile and web initiatives must have a stunning, flexible design, but designing for blockchain presents a unique set of difficulties. The key goal is to increase trust through effective UX (User Experience). Blockchain applications rely heavily on regular user input and trust-increasing features to provide a positive user experience. A improved user experience will persuade more users to regularly utilise the technology.

In order to provide customers with a better service and product experience, blockchain-based applications behave somewhat differently from conventional ones. For this reason, employing a blockchain UX designer OR a blockchain UX design agency is essential.

Join our blog newsletter now!

Discover the newest technological advancements that we only reveal to our subscribers.

#blockchain #user experience #user interface #ui ux design #ui ux development services #user experience (ux)

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blockchainx2023 · 2 years ago

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Blockchain application development has great potential

Blockchain technology is the latest in the market. Although still in the development phase for mainstream applications, an open blockchain network can make a real difference. It is expected to facilitate cash and financial transactions and Web 3.0. It allows to improve search engines, social media platforms, e-commerce, etc.

On existing Internet platforms, large utility companies often host user data and applications on central servers. This enables these businesses to develop comprehensive profiles of their users.

A blockchain-based alternative, by contrast, can replace internet giants with an open network of peer-to-peer providers. Blockchain technology can speed up and secure internet transactions. The effects on e-commerce might be enormous.

In this way, the big banks can lose control of the financial systems. The chain of blocks (blockchain) allows for a completely secure online ledger. Keeps a record of all transactions made on a given occasion.

Therefore, Blockchain promises to bring better work and knowledge to the banking sector. For example, you can allow international transactions to take place in real time. It allows you to exchange money at the current digital speed. Facilitating payments is a very profitable business for banks. cross-border transactions generated $224 billion in payment revenue in 2019.

In electronic commerce, blockchain makes online financial transactions more secure. It will be a benefit for brands and buyers. In addition, it offers many other advantages, such as reducing costs, helping small businesses and improving financial processes. It is streamlining transactions and improving the overall customer and user experience.

For example, the most widely used blockchain algorithm in electronic commerce is Ethereum. It provides a platform for e-commerce brands that want to use and manage their blockchains. Blockchain can support the most secure money transfers. It could change digital payments and power more secure international transactions and even settlements between banks.

Blockchain application development has great potential

A cryptocurrency is a medium of exchange, like the US dollar, but it is digital and uses security techniques to control the transaction and verify the transfer of funds.

Bitcoin (BTC) is one of the best-known blockchain-based cryptocurrencies. Bitcoin focuses on reducing the cost of users and the time of transactions. It is a peer-to-peer Internet network for digital money without the need for central authorities such as banks or governments. Bitcoin enables direct user-to-user confirmation of purchases in this manner.

Apart from Bitcoin, Blockchain application development has the potential to facilitate many other applications in Finance and other fields.

Blockchain facilitates financial products, allowing ownership to improve liquidity, speeding up the launch of new funds, etc. Contracts, including smart contracts, the technology underlying token ownership, are also made possible by blockchain. Smart contracts could transform the way companies issue loans, loan and asset management, insurance policies, etc.

Blockchain can help with the automation of difficult operations like credit scoring, underwriting, and security. Blockchain applications also prevent fraud in a distributed way, which lowers risk, protects code, and improves identity verification methods.

For the next generation of Web3, the blockchain will also play a key role. The internet is now centralized, with data flowing to and from data centers owned by a handful of giant companies. Web3 envisions an open Internet built on a blockchain network and a token-based economy.

For the social media platform of tomorrow, blockchain is currently used to issue online payments for music, movies, and streaming services. It can also identify a single source of truth and serve as a means to stop the spread of “fake news” on social media.

Blockchain-based search engines (BBSEs) are an alternative to current search engines like Google. The BBSEs do not have centralized control, but are spread over several networks. Thus, you enjoy better privacy online, and no company will be able to access your search histories or other data stored on a blockchain-based search engine.

In a blockchainx, blockchain application development can bring about many new changes in the way we handle financial transactions and services, as well as social media and the web today.

#blockchain development company #blockchain security #blockchain software development company #blockchain app development company

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oracle-global · 2 years ago

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Oracle shortens the distance between the crypto world and products in the Internet era, allowing more people to use crypto assets

Oracle has been deeply engaged in the field of digital asset quantification for many years, Oracle has formed a quantitative strategy system of "quantitative + high frequency + wisdom (people)" that intelligently earns profits in Web 3.0, meta-universe scenarios, and digital asset exchanges. Finally, the quantitative change reaches the qualitative change.

High scalability, high concurrency, environmental protection

The Oracle ecosystem involves multiple interoperable cross-chain parallel processing for high scalability. It is designed to cater to the large-scale adoption of blockchain technology and achieve a high-speed and low-gas public chain. Oracle public chain uses cross-chain technology to make a qualitative leap in performance improvement.

Oracle Public Chain focuses on improving information processing performance, working hard to dredge block congestion and reduce gas labor, has the characteristics of high concurrency and environmental protection, and paves the way for the infrastructure of Web 3.0 and the huge data transmission of the metaverse in the future

The technology is complete and the experience is good

Oracle is a complete oracle overall solution that decentralizes both oracles and data sources; At the same time, in the future, Oracle will also support multi-chain operation. Oracle has perfectly overcome the largely opaque, inconsistent, inaccurate, difficult to scale, and poorly resistant to attacks of the major oracle products on the market.

After years of operation summary, Oracle has accumulated a lot of experience in user use, from access speed, website expansion, etc. have complete and verified experience, with first-class application response speed, can effectively ensure platform liquidity, improve user stickiness, and provide users with a better trading experience.

Oracle brings users an exceptional experience that combines asset enhancement, entertainment, and socialization

Oracle takes the oracle network as the underlying infrastructure, conducts data analysis and integration by opening up the Token and NFT asset data in different scenarios, so as to efficiently and quickly predict the buying and selling points of various assets, use the simplest principle of buying low and selling high to obtain benefits, provide reliable decision-making support for users to invest in digital assets, provide safe, convenient and efficient digital asset investment for the public, and share the dividends of the times with investors.

Oracle oracle network application scenarios are diversified, from top high-quality global DeFi projects, to decentralized exchanges, decentralized lending, decentralized wallets, NFTs, financial derivatives and other fields, and finally form the Oracle oracle network wealth system, bring high returns to users, bring users an extraordinary experience integrating asset appreciation, entertainment, and socialization, let global users experience new oracle technology, and share the top dividends of Web 3.0.

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stellarisium · 3 years ago

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Why Marketing Agencies Should Use Blockchain Technology

Blockchain is a form of disruptive technology that did not enter the market quietly — it threw open the doors and made its presence known. But while blockchain has been busy shaking up the financial sector with cryptocurrency, that's not all this new kid on the block has been up to.

Blockchain ledger technology has proven to be incredibly valuable to many industries beyond its more well-known use in cryptocurrencies. From asset management and tracking to regulatory compliance, blockchain technology offers businesses new efficiencies and opportunities with its use.

While many of these blockchain services are still in their infancy stages, implementing this disruptive technology into your marketing suite can provide the following value for your business and clients, including increased transparency and trust; reduced advertising fraud; and increased security and privacy.

As many people still view blockchain as this esoteric and far out technology, it's becoming increasingly clear that Web 3.0 will revolutionize the world and our industry. That's why I want to discuss three primary areas that blockchain will revolutionize your digital agency and provide immense value to our businesses.

Blockchain increases transparency and trust

Blockchain is a decentralized technology that does not rely on a central point of control. Instead, its functionality depends upon the consensus of a vast network of nodes to confirm and approve any transaction on its chain.

With traditional computing systems, data is typically stored on a client-server network and relies on one central database. Every computation and action taken feeds into one place, and all action items are held in a central location. Unfortunately, this model places a lot of control in the hands of internet providers as a "trusted third party." To find out additional information about blockchain marketing, you've to check out blockchain marketing services website.

Blockchain flips this model on its head, hosting transaction blocks on hundreds, if not thousands, of computers worldwide, decentralizing it. Most importantly, this data is entirely available for anyone to find and verify on a public ledger. With blockchain, any change to the chain will be immutable — stamped, recognized, unchanged and viewable for anyone to see going forward. This technology is very similar to how peer-to-peer networks work.

This puts transactions back in the hands of the people, and makes data trusted again- and gives your audience more control over their data.

So how does this principle of transparency and trust apply to marketing?

Simply put, using blockchain for marketing builds trust and increases transparency with our clients. For example, blockchain can show customers how the advertising efforts of big businesses are using their data. Unfortunately, with a centralized client-run database, it's nearly impossible to tell what a company is doing with your data, how they share it and with whom.

Blockchain provides security and protects privacy

Enter blockchain for cybersecurity. Security is an inherent part of the blockchain ledger, as every time a new chain is created, it is encrypted and then linked to the previous transaction. Once these chains are made, they are impossible to alter or hack.

On the marketing side, using blockchain to build smart contracts is a way for businesses to provide additional security measures and assurances to clients. Smart contracts offer increased security by verifying, recording and encrypting all blockchain transactions. These contracts can also automatically generate backups and duplicates, providing additional security, trust, transparency and security. Using smart contracts, digital agencies can establish greater trust with clients and protect their data and privacy.

Blockchain is the future

While blockchain still feels like some futuristic tech we read about in journals, large corporations like Microsoft and Amazon have already made the switch to blockchain to improve everyday processes and online security.

It seems like everyday we read about new cybersecurity leaks and hacks from malicious actors. However, very little seems possible to stop someone from stealing our financial and personal info. Unfortunately, the NFT marketing industry can relate to this as it has long suffered with ad fraud and digital theft.

That's why blockchain is not only a great investment to create trust with our customers, but also to protect our collective online privacy and cut down on fraud and theft. Philosophically and pragmatically, blockchain presents a vision of a more secure and trustworthy digital experience.

Clearly blockchain and cryptocurrencies will have a significant impact on Silicon Valley in the coming decade and as the next layer of the internet gets built out. The question is, how will we impact the direction of the Web 3.0 tsunami that is coming to provide our clients greater value, or will we lose out to those who took the step toward early adoption?

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cristodelaroca · 3 years ago

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Why Marketing Agencies Should Use Blockchain Technology

Blockchain increases transparency and trust

This puts transactions back in the hands of the people, and makes data trusted again- and gives your audience more control over their data.

So how does this principle of transparency and trust apply to marketing?

Blockchain provides security and protects privacy

Blockchain is the future

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wemarketresearchreport · 3 years ago

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Global Web 3.0 Block-chain Market was valued at USD 1343.55 Million in 2022 and is projected to reach a value of USD 87761.35 Million in 2030, growing at a CAGR of 44.6%.

#Web 3.0 Block-chain Market

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n-seventeen · 3 years ago

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The N17 blockchain uses a multi-public chain hybrid architecture to support various complex scenarios

In the era of Web 3.0, it is also known as the "next generation of the Internet". The birth of Web 3.0 marks that based on blockchain, metaverse, DAO, NFT, chain game and other technologies, human civilization will be created, owned and spread by individuals. Then, as individuals, at the junction of Web 2.0 and Web 3.0, we will have and should have the light of opportunity for each of us. Looking for opportunities to shine for you and me, N17 was born. N17 integrates Web 3.0 technology to create an original, high-quality and personalized NFT platform for this era, and each of us in this era, paying tribute to all great creators and shining stars in all human civilizations.

The N17 blockchain uses a multi-public chain hybrid architecture

The N17 trading platform blockchain uses a multi-public chain hybrid architecture, which is committed to meeting industry-level and enterprise-level applications and supporting various complex scenarios.

One of the main goals of the multi-public chain hybrid architecture is to establish a smart contract model based on the stake consensus mechanism (PoS) and supporting UTXO. Due to the choice of stake consensus mechanism, the meaning of PoS is that the choice of block creators is determined by the amount of digital assets held. In PoS, the corresponding digital asset is obtained by forge or mint, rather than mining, and there is no block reward, and miners only charge a certain transaction fee.

The multi-public chain hybrid architecture is compatible with the platform currency UTXO model and the AAL specification-compliant virtual machine, of which the first compatible virtual machine is Ethereum's EVM, and the subsequent x86 architecture virtual machine will be implemented, supporting the implementation of a variety of popular smart contract programming languages. In line with the pursuit of a pragmatic design approach, the multi-public chain hybrid architecture fully supports the "mobile-oriented" strategy to expand the possibilities of commercial applications. The "mobile-oriented" strategy enables the multi-public chain hybrid architecture to bring blockchain technology to more Internet users and gradually decentralize PoS transaction verification.

Adhere to the supremacy of safety to protect the safety of user assets

The mission and purpose of N17 DAO is to originate from and be used in the community. N17 uses the convenience of the DAO community to solve the unfair problem in blockchain digital asset financial transactions, so as to achieve a "decentralized" governance effect and create a fair and open participation environment and participation experience.

By introducing the on-chain governance committee mechanism, N17 has taken a more solid step on the road to decentralization. In the N17 DAO, everyone can become a member of the board, so that users' enthusiasm for participating in the governance of the DAO is stimulated. Council decisions represent the maximization of user interests, so the launch of all products on N17 is in the interests of the vast majority of users, so that the product can be quickly upgraded to respond to market demand in the new business form.

The N17 platform breaks through innovation, exerts itself at the forefront of the times, breaks through the traditional shackles, and creates a new era of "decentralized" trading platforms!

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glitterycoffeeinfluencer · 3 years ago

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The New Star X METAVERSE PRO was Invited to TOKEN2049

On September 28, 2022, TOKEN 2049, known as “Asia’s Top Cryptocurrency Conference”, was held at Marina Bay Sands, a landmark hotel in Singapore.

TOKEN 2049 is one of the most representative conferences in the industry，which is held annually in Singapore and London. In TOKEN 2049, founders and executives of WEB 3.0 companies around the world gathered together to discuss current hot topics. The entire conference was a star-studded affair, with stars such as the singer Lin Junjie and actor Chen Bolin.

There are many in-depth topics in TOKEN 2049. From the initial of WEB 3.0 to the future of metaverse; from the discovery of DeFi to the realization of NFT; from the review of blockchain technology to the future of cryptocurrency. All senior experts and business scholars expressed their views and started brainstorming, and the conference was full of brilliant ideas. It is reported that more than 7,000 people and over 2,000 companies participated in TOKEN 2049, and more than 250 sponsors provided services for the conference, which is an unprecedented event.

X METAVERSE PRO is a decentralized autonomous organization that has launched a brand new metaverse ecosystem, which covers the PBCS4.0 public chain for infrastructure, digital stablecoin against physical gold, metaverse investment bank, DEX exchange, WEB3 eco-mall, GameFi, last pure city metaverse city and so on. X METAVERSE PRO is a one-stop platform.

From this, it is easy to see that the vision and development concept of X METAVERSE PRO coincides with the main idea of TOKEN 2049.

X METAVERSE PRO is dedicated to identifying and developing unique and high-potential blockchain initiatives to facilitate substantial and long-term value expansion of DeFi and other tokenization applications. The ultimate goal is to create a truly decentralized financial system. X METAVERSE PRO has been committed to pursuing novel, high-potential blockchain projects designed to bring deep and sustainable value growth to DeFi and future tokenization applications.

In addition to this, we can see X METAVERSE PRO as a fully decentralized loan protocol based on blockchain technology. Its smart contract allows users to lend and borrow assets in a peer-to-peer agreement using a unique irreplaceable token bond strategy. To increase the potential of user tokens for block creation and reward distribution, the ecosystem merges them with other users’ tokens. What’s more ， the token $XMETA created exclusively by X METAVERSE PRO is worth noting.

$XMETA is the only native currency in the X METAVERSE PRO ecosystem that encourages sustainable growth and can be used widely across all products. $XMETA will provide long-term value and reliable returns to users, thus developing the X METAVERSE PRO-centric financial ecosystem and bringing together GameFi, NFT, X META social trading and financial services on the same platform, to achieve a highly successful digital asset market, storage and circulation.

Time will tell us who is the quality project .X METAVERSE PRO has been recognized and praised by the industry for its strong strength. Not only has it been invited to participate in major events in the industry, even Forbes has published an in-depth report on X METAVERSE PRO.

We have reasons to believe X METAVERSE PRO, the future of which is promising!

#x metaverse pro #web 3.0 #metaverse #nft #xmeta #defi

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jimsvk2blogs · 3 years ago

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Ready for your Meta Twin?

Immersive 3D technology is expected to alter the way we learn, lead and mingle, says Ms. Preeti Malhotra, Head of the Department, Department of Journalism and Mass Communication, JIMS Vasant Kunj II

The world is moving towards Web 3.0. The co-existence of real and virtual is about to pave way for a world where the real meets the virtual. It is time to look beyond the algorithms/ predictive analysis of Web 2.0, or better still build upon it.

Immersive technologies, gamification, economy of experience, creator economy, block chain technology, artificial intelligence, meta-twins are some of the terminologies doing rounds in the circles that matter. Brands are gearing up for Web 3.0. Curators are on the lookout for the right tools to build conversations and communities in the new generation of web technologies.

Gaming on the upswing

The story started to unveil itself in November 2020, when Facebook announced its plan to be rebranded as Meta. In January 2022, Microsoft expressed its interest in taking over the leading game developers Activision Blizzard. Microsoft offered to seal the deal for $68.7 billion. As on Sept 14, 2022, Microsoft is expected to tackle Competition and Markets Authority (UK regulator) probe before it becomes the world’s third largest (in terms of revenue) gaming enterprise after Tencent and Sony. On the other hand, Activision Blizzard, better known by the games it creates (namely Candy Crush and Call of Duty), has partnered with Tyroo Technologies in India. Gaming is growing at an unprecedented rate and is poised to be the next entertainment hub. The move is likely to open up a new segment for brands to boost their branding efforts- in-gaming advertising.

However, Microsoft did not say much on Meta Verse till May 2022 when Satya Nadella, Chairman and CEO said that Meta is about embedding computing into the real world and vice versa. He said the technology brings real presence to a digital space. He introduced the world to a technology that allows us to bring our “humanity” with us and choose how we want to experience our world. “It is not just looking at a camera view of a factory floor, you can be on the floor…. it is no longer just video conferencing with colleagues, you can be with them in the same room,” said the Microsoft CEO.

Microsoft Mesh

Microsoft Mesh offers a shared immersive experience and is sure to influence the way we manage our work lives. What Meta Verse changes for us is the way we participate in our day’s functions.

However, it is unlikely that we will have a single unified Meta Verse. The technology when applied to different verticals is sure to throw up different applications. For Facebook, Meta may cause the influencer ecosystem to leap forward, for gamers it might be something closer to Roblox and Fortnite; in education the rise of experiential content seems like the most obvious outcome. We are moving toward a future where the gamers play for free but end up paying for their Meta avatars, or for the virtual weapons they acquire to play.

EdTech poised for a leap

Education technology too is likely to see another high with experiential learning and personalization delivering unique learning experience to each of the consumers. According to Clive Thompson, technology writer:” the Meta verse is already here, and it is Mine craft.”

Patents filed by Meta can be a good indicator on how the technology is expected to be leveraged commercially. Patents linked to games, virtual reality, avatar personalization engine, biometric data (including pupil attributes), eye movements, facial expressions expected to create hyper-realistic 3D replicas are the dominant trends. The U.S Patent and Trademark office granted 1196 Meta Platforms Inc. (formerly Facebook Inc.) linked patents in 2021.

Stated to be the fourth wave of computing and networking, immersive technologies are likely to push us beyond mobiles. Along with this technological upheaval comes a new set of protocols, behaviors and ethical dimensions to be addressed. Virtualized rendition of Meta Verse is anticipated to impact all aspects of our interaction with technology.

Creation, consumption and compensation- the three pillars to unlock the future is the way forward. And the world is super excited to soak in this next generation technology.

*Visit us at* https://www.jimssouthdelhi.com/

Facebook: https://www.facebook.com/JIMSVASANTKUNJII/ Twitter: https://twitter.com/jimsljptweets Instagram: https://www.instagram.com/jims_vk2/?hl=en You Tube: https://www.youtube.com/channel/UCZgioa2rpculDY7bHlljD6g Blog: https://jimssouthdelhi.com/blog/ Linked In: https://www.linkedin.com/in/jimsbjmcvk2/

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gryllshubham · 2 years ago

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How to Select the Best Blockchain UX Designer for Web3 Project

Do you need help finding a reputable blockchain user experience designer? You are in the proper location. I'll go through some essential advice for picking the best bitcoin UI/UX designer.

You'll learn some vital advice for picking the best blockchain UI/UX designer or blockchain UX design firm after reading this post.

What is Blockchain?

Describe Blockchain.

What is UX Design?

UX Design Principles:

When it comes to UX/UI design, there are some fundamental web design principles that are essential to the entire process:

control over actions and mistakes that cannot be undone

Design consistency is crucial.

Design for real-world application

Excellent output and adaptability

Observations from the system

Important Role of UX Design in Blockchain:

While being a young topic, ux design for web 3.0 and blockchain is advancing significantly.

Blockchain is still developing and difficult to trust, however UX design helps:

For a better user experience and to gain market share, UX design will be extremely important when building Web3 goods (such blockchain, cryptocurrency, NFT market place, Ft gaming, etc.).

Users can interact with your product more easily thanks to UX design:

What is Blockchain UX Design?

Why is UX vital in Web3?

Blockchain is, to put it mildly, a challenging area to penetrate. It is technologically sophisticated, competitive, and nobody really knows where it is headed.

In light of this, it may be challenging to understand what buyers desire from a product, leaving web3 designers perplexed regarding user experience.

Understanding why user experience is so important in the blockchain era is key.

The following is why:

Things to Know before Hiring Blockchain UX/UI Designer

Before making an online purchase, 88% of shoppers read product reviews, according to the eCommerce Foundation.

In a Business 2 Community survey, 94% of participants responded that a website's design is the main factor leading them to mistrust or reject it.

Tips to Hire Blockchain UX Designer

Tip 1: Examine the Portfolio.

You must examine the portfolio to evaluate the caliber of the work. Keep an eye on the niche portfolio of your company's goods and services.

Tip 2: Evaluate communication effectiveness.

You can gauge if the business you are dealing with will perform effectively or not by communicating with it.

Any project must have frequent communication to be successful. You should always be aware of the projects the hired designer is working on the day before, the day after, and the day after that.

Tip 3: Prepare the project-related questionnaire.

You might think about declining if they start fooling up with you.

Tip #4: Evaluate project management capabilities

The first indication of a manager's drive and management skills is how frequently they communicate and whether or not the proposal was submitted on time.

Tip 5: Pay close attention to customer reviews.

Tip 6: Check service scope

Moreover, inclusivity, or the capacity to address or cover a particular range of topics, is required.

Tip 7: Benchmarking and user research

Every blockchain user experience (UX) designer should have a strong background in user research, testing, and audit. Examine these attributes before hiring.

Tip 8: Get clear on pricing for hiring a Blockchain UX Designer

The primary consideration when employing someone is always cost. If you engage a specialist blockchain UX designer, most UX design services are based on an hourly basis.

Trends in Blockchain UX Design

Importance of a Good Blockchain UX Design Agency

To keep their customers interested and deter them from visiting their competitors' websites, the majority of firms hire top-rated website design agencies to provide professional web design services.

For the creation of their Web3 projects, our firm has collaborated with numerous leading brands.

Check out our Web3 application portfolio here.

You can get in touch with us to discuss your Web3 project if you're seeking for exceptional UX UI design and redesign services. We would be happy to speak with you.

Conclusion

Join our blog newsletter now!

Discover the newest technological advancements that we only reveal to our subscribers.

#interior designer #userexperience #website redesign #interior designers Website #userinterface #user experience #website builder

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