As the name suggests, CBDC is the central bank-issued digital currency. It is an electronic form of sovereign currency that will appear as a liability on a central bank’s balance sheet just like physical currency. Instead of printing money, the central bank, backed by the central government, issues electronic [...]
One of the technological evolutions that has caught the attention in recent times is Non-Fungible Tokens (NFTs). It has been a phenomenon, with the values of some of the NFTs reaching astronomical heights. It remains to be seen whether this will be a bubble like the Tulip Mania or [...]
Blockchain technology (within the broader distributed ledger umbrella) has received a lot of eyeballs over the last decade, moving beyond the admiration of niche cryptocurrency fanatics and into the mainstream conversation of experts and investors, especially in the banking and financial services space. Whether it is Payments, P&C (Property & [...]
Digital security has always been an issue for payment organizations and their customers. Transparent and immediate payment is the basic need. To enhance and popularize digital payments and be more customer-focused, payments need to be made easy, fast, and highly secure. Blockchain technology has come up with the solution which [...]
A Blockchain is a distributed ecosystem marked by the absence of a central authority and involves a Distributed Ledger spread across multiple nodes managed by multiple entities. The transactions are recorded using an immutable cryptographic signature known as a hash and added as a chain of “blocks.” The blockchain market trends The [...]
Why is Blockchain Testing critical? To be successful, organizations are looking for secure, seamless, and robust platforms using which they can transparently share information and build absolute trust. Blockchain is the answer to the challenge. A Blockchain is expected to do two things – gather and order data into Blocks, and [...]
OVER THE LAST FIVE YEARS, VCS HAVE INVESTED MORE THAN $1 BILLION INTO BLOCKCHAIN COMPANIES. “Specialized Testing” techniques in Blockchain Testing In our blog on 5 Top Techniques for Testing Blockchain apps, we talked briefly about the idea of “specialized testing” that is gaining immense popularity. This kind of testing requires [...]
The global blockchain market is expected to grow from USD 212.12 million 2016 to USD 8,682.82 million by the end of 2024, at a Compound Annual Growth Rate (CAGR) of 59.04% – ResearchAndMarkets.com 90% of major North American and European banks are exploring blockchain solutions – Accenture survey Brief about Blockchain [...]
Blockchain applications have been popularly adopted especially by some prominent industries, as by design, it is a decentralized technology. Hence, it eliminates the risks that could occur with centralization of data. Knowing the nature of Blockchain and the way the application supports the technology, testing for Blockchain becomes all the [...]
