Oracles have emerged as a fundamental part of the Decentralized Finance (DeFi) ecosystem “ they are the 3rd party services that provide blockchain smart contracts with off-chain data (real-world information). In just a few months, the total market capitalization of oracle coins has grown to tens of billions, thanks to their role in the DeFi market. Blockchain oracles act as … [Read more...] about DeFi Oracles and their Fundamentals
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6 Ways AI is Transforming the Finance Industry
Technology has been at the helm of evolution of mostly all businesses and industries the world over. And, the finance industry is no different! Rather, Fintech (Finance + Technology) has opened up a plethora of options for the financial firms to understand their customers and devise products as per what they want and expect from the industry. Artificial Intelligence has been at … [Read more...] about 6 Ways AI is Transforming the Finance Industry
The Various Game-Changing Solutions Offered in DeFi
DeFi is an alternative financial system built on top of blockchain networks like Bitcoin or Ethereum. It is growing very fast currently. More than $21.92 billion have been locked in different DeFi projects, according to data published by DeFi Pulse. What is DeFi? It is a substitute for traditional financial services. DeFi solutions are more transparent, secure, and immutable. … [Read more...] about The Various Game-Changing Solutions Offered in DeFi
How Blockchain Technology Could Help to Combat Poverty
Traditional banking approaches and practices have a nasty habit of excluding those who are in the most desperate need for economic stability around the world. Could the disruptive power of blockchain technology finally be the financial enabler that we've been waiting for? Deprived communities globally can suffer from extremely high inflation rates, high unemployment, … [Read more...] about How Blockchain Technology Could Help to Combat Poverty
4 Ways Fintech Helps Improve Small Business Operations
Financial technology (fintech) refers to the type of technology used to streamline, automate, or augment conventional financial services, such as moving money across bank accounts, depositing checks, sending money, paying bills, and applying for financial assistance. It's also used in crypto exchanges and peer-to-peer lending. So what does this mean for small business owners? … [Read more...] about 4 Ways Fintech Helps Improve Small Business Operations
