The recent year has been a top-notch platform for evoking popularity around the distributed ledger technology, otherwise known as the blockchain. The global pandemic has given a formidable boost to trends that were already in place. Enterprises are investing more in pure R&D projects for achieving blockchain initiatives with better pragmatism and realism.

With a global event like the recent pandemic, it is reasonable to wonder about blockchain’s future in 2022. Blockchain has been a crucial player in driving the digital transformation required for accommodating the sudden rise in remote work settings. Since blockchain technology has been rightly touted as the technology of the future, it is important to focus on blockchain future predictions.

Build your identity as a certified blockchain expert with 101 Blockchains’ Blockchain Certifications designed to provide enhanced career prospects.

What would be the Future of Blockchain Technology?

With many industries going through massive makeovers in response to the changes in the business environment, many blockchain enthusiasts and onlookers are worried about the future prospects for blockchain. The following discussion reflects some of the notable trends that could dictate the blockchain industry’s potential state in 2022.

• Blockchain and Governance Applications will Increase

One of the foremost trends that could dominate the future of blockchain in 2022 is the integration of blockchain in government agencies. The Finance Minister of Japan has recently recognized blockchain technology as an essential component in fighting continuously against the global pandemic. Government authorities in Columbia have also presented promises for supporting cryptocurrency and blockchain-based payment systems.

South Korea has been successful in bringing more than a million driver’s licenses on a blockchain-based system. Thailand is also planning on the introduction of a new juridical document storage solution based on blockchain. Furthermore, Vietnam has successfully adapted the use of akaChain, a dedicated blockchain platform, for the better digital transformation of the country.

Most important of all, China is preparing to issue a completely virtual cryptocurrency, with China being a prominent player in the world economy and politics. At the same time, blockchain can penetrate people’s day-to-day lives, thereby characterizing business knowledge in blockchain as an important soft force in international diplomacy. In addition, the use of blockchain in voting systems will also continue to be one of the notable trends in the future of blockchain.

• More Blockchain in Retail

2022 will obviously witness a large-scale rise in blockchain’s introduction in the retail sector for supply chain and inventory management capabilities. Starting in 2016, the collaboration of IBM and Walmart established the first step for bringing blockchain and retail together on the same page. As a result of the collaboration, the Food Trust blockchain emerged as the solution for tracking food products. Most recently, IBM has introduced a trade solution for freight management known as Tradelens in 2018 in partnership with Maersk.

The benefits of blockchain for the retail sector, especially notable players like Walmart, spell good news for blockchain’s future. Walmart has been able to utilize the blockchain platform for tracking their shipping alongside payment for around 70 shipping companies alongside multiple retailers. Other notable examples of the adoption of blockchain in the retail sector include Nestle, Amazon, Volvo, and Ford. Volvo and Ford’s notable automobile manufacturers leverage blockchain solutions for tracking the supply of cobalt used for lithium-ion batteries.

Nestle is presently running a pilot project based on blockchain for tracking the origin of baby milk and coffee. Amazon has been able to leverage blockchain solutions for controlling the supply of wine. Therefore, the blockchain predictions for 2022 primarily point out wide-ranging levels of inclusion. With almost $600 million in blockchain projects invested last year, blockchain’s future trends hold promises for rising investments.

• Most Projects Will Approach Production

The next important prediction for the future of blockchain for the next year points out to the fact that around 30% of blockchain projects worldwide will reach production stages. The realistic and pragmatic approaches to blockchain projects will be a primary driving factor for achieving this feat.

In addition, the requirement of faster time to market due to the pandemic and faster initiation of projects could also speed up blockchain projects towards production in limited timeframes. Furthermore, it is also expected that a major share of the networks that would shift from pilot to production would operate on enterprise blockchain platforms.

Start your blockchain journey Now with the Enterprise Blockchains Fundamentals

• China Will Dominate Blockchain Space, Probably

The domination of China in the field of blockchain will also be one of the top predictions for the future of blockchain. China has included blockchain in the ‘new infrastructure’ initiative that focuses on the country’s digital infrastructure. The Chinese government plans to increase investments in the majority of provinces across different verticals.

Therefore, it is reasonable to expect a steady rise in the number of systems going into the production stage. However, the existing geopolitical scenario does not present adequate promises for the expansion of China’s global Blockchain Service Network. On the other hand of the spectrum, the European Blockchain Services Infrastructure (EBSI) also holds a prominent grip. Although EBSI can find explicit progress with pilot projects, it cannot achieve any major groundbreaking results due to conflicting interests and highly convoluted procurement processes.

• DeFi Will Continue to Increase

Many industry leaders have been open to the prospects of public blockchains in enterprise contexts regarding blockchain’s future. However, the introduction of DeFi has the potential for turning the attention away from public blockchains towards permissioned blockchains.

The total value of cryptocurrencies invested in Ethereum smart contracts in the early part of 2020 has crossed over $10 billion in such a short period of time.  Although this figure does not imply the amount invested by people in DeFi bets, it shows users’ interest in the bets. Therefore, one can clearly notice the continuously and steadily accelerating interest in DeFi.

In the future, the number of transactions beyond conventional mechanisms and medium would increase substantially. So, blockchain transactions can approach a particular inflection point where businesses, regulators, and political leaders would focus on DeFi.

Want to know more about DeFi? Enroll Now: Introduction to DeFi Course

• Use of Blockchain for Social and Political Objectives

The application of blockchain in social and political activities could gain recognition among potential trends for the future of blockchain. Blockchain has been associated with the potential for transformation of supply chain management, reduction of identity theft, or digital rights management.

The primary elements in the blockchain that foster its applications in these areas include transparency and trust. Keeping in line with the same elements, blockchain technology applications for fighting misinformation gained attention in 2020. For example, the R&D team of The New York Times developed a prototype program for recording all activities with a photograph as metadata. Then, the program would display the information to users on their social media feeds.

As a result, the wider adoption of blockchain solutions can help in establishing better claim over photos and other content. With the rising use of blockchain technology, blockchain predictions for 2022 paint blockchain as an emerging tool for social change.        

• Interoperability with Traditional Banking and Financial Organizations

The future of blockchain in 2022 will also witness the interoperability of blockchains with conventional financial and banking organizations. Users are showcasing more trust in blockchain as compared to traditional banks. Therefore, banks are also increasingly adopting blockchain as a measure to reach out to their customers’ trust. So, 2022 will obviously witness continuity in this trend, with many notable names already diving into the use of blockchain.

JP Morgan presently uses blockchain for addressing automated margin payments. Northern Trust is presenting leveraging blockchain to test the trading of fractional bonds for retail investors. Santander has redeemed a $20 million-worth bond issued on the blockchain. Most important of all, HSBC has executed two letters of credit transactions on a blockchain between companies in the Gulf.

• New Projects Will Have a Tough Competition

There has been a considerable boost in the development of blockchain solutions. However, it does not dictate that the future of blockchain would have multiple applications within no time. The problems with some public blockchain networks recently showcase the need for reflecting on the state of the blockchain market in 2022.

First of all, EOS had issues with network centralization and congestion. Subsequently, the postponed updates for the Ethereum network have resulted in problems with smart contracts’ performance. Another example of blockchain platforms’ issues is TRON, which has been facing heat over critical code vulnerabilities.

Therefore, the public blockchain market will obviously witness steady growth in competition without any signs of subsiding. In such cases, the projects could be successful only if they are successful in resolving internal conflicts. Furthermore, new blockchain projects in 2022 will have to take new approaches to using blockchain technology into consideration.

Aspiring to make a lucrative career as a blockchain engineer but not sure how? Check the detailed guide Now on How To Become A Blockchain Engineer

Final Words

The year 2020 is about the end and is definitely a clarion call for reflecting on the possible future of blockchain. As evident from this discussion, blockchain trends for 2022 showcase multiple promises. Simultaneously, the predictions for blockchain in 2022 also bring attention to setbacks that require immediate attention. Understanding blockchain industry trends and reviewing the expected future trends can help with better results in a blockchain career.

Furthermore, staying updated with industry trends is also a helpful booster for students aspiring for blockchain certifications. On a concluding note, you can clearly notice blockchain’s potential for dominating the technology sector in the future. Not to mention, the importance of Blockchain certifications will increase subsequently in 2022, so if you want to have a bright career, choose one of the best blockchain certifications and become a Certified Blockchain professional to get future-ready.

*Disclaimer: The article should not be taken as, and is not intended to provide any investment advice. Claims made in this article do not constitute investment advice and should not be taken as such. 101 Blockchains shall not be responsible for any loss sustained by any person who relies on this article. Do your own research!

The post Future of Blockchain: Predictions for 2022 [UPDATED] appeared first on 101 Blockchains.

Currently, many enterprise companies are using Corda for their various blockchain projects. Along with other popular platforms, Corda has already established its position in the huge blockchain market.

Thus, many companies are now looking for Corda experts to help them in developing their solutions. This is the perfect opportunity for you to get the R3 Corda certification if you want to pursue a career in blockchain.

Today, we’ll follow through how 101 Blockchains CEBP certification can help you achieve this goal in this guide. So, let’s not waste any time and get right into it!

Build your identity as a certified blockchain expert with 101 Blockchains’ Blockchain Certifications designed to provide enhanced career prospects.

Blockchain Is the Future

Before I move into how the CEBP course can help you become a Corda expert, I’ll explain how blockchain is the future of technology. We’ll also explain why Corda is a huge part of it as well.

If you are going to build a career in this industry, you must understand how blockchain will be the future. Also, it will help you better evaluate your decision to get the R3 Corda certification.

According to a 2020 survey, 55% of the enterprise organizations are making blockchain their top priority. So, it’s a massive opportunity to start your blockchain journey right now.

Also, suppose you are already working within an enterprise environment. In that case, it’s best to skill up using R3 Corda certification as Corda blockchain is one of the most demanded and popular platforms at the moment.

Blockchain is going to alter a lot of business strategies in the future. Let’s see what these are –

Get familiar with the terms related to blockchain with Blockchain Basics Flashcards.

Organization’s Governance Model

We will start to see a change in different organizational models as it will approach a more permissioned state in the future. Also, it will secure payments in a more effective manner as well. Not to mention, the public status will soon vanish.

• Interconnected Networks

At the moment, the blockchain platforms are trying hard to achieve interoperability. As a result, experts can safely say that in the future, these platforms will achieve it. Thus, you will see a more interconnected network across multiple industries.

• Coupling with Other Technologies

Blockchain is one of the future technologies, but it isn’t alone. There are other technologies that are really bringing changes to our world. For example, AI technology is one of them, and with blockchain, it can blossom even more and give rise to AI blockchain based solutions.

Also, blockchain being coupled with other technologies can help to create more advantages for blockchain itself.

• Validation Tools Boom

Blockchain uses many tools to validate data on the chain. Therefore, it needs validation tools that can fetch information from the outside world and filter through wrong information correctly. Thus, to make blockchain more effective, the validation tools will see a huge upgradation along with massive implementation.

• Digital Currencies in Central Banks

The most massive change will happen in the bank sector. In reality, all of them will lowly go for digital currencies instead of paper-based ones. More so, you will see a huge shift in their efficiencies as well. Also, all the paper-based documentation will shift to digital versions on the blockchain. Therefore, you will see more central bank digital currency projects in the long run.

This is why you should definitely pick blockchain as your career path right now. Also, if you are interested in Corda, it’s best to get the R3 Corda certification.

Want to learn more about central bank digital currency? Enroll now in Central Bank Digital Currency (CBDC) Masterclass

Corda Expert Certification: Why Should You Become Corda Expert?

Well, you must be wondering why you should become a Corda blockchain expert in the first place. We mean, why should you get a Corda expert certification, right? Well, there are numerous reasons for you to achieve the R3 Corda certification.

Please include attribution to 101blockchains.com with this graphic. <a href='https://101blockchains.com/blockchain-infographics/'> <img src='https://101blockchains.com/wp-content/uploads/2020/09/corda-certification.png' alt='R3 corda certification='0' /> </a>

• Increasing Need for Corda

The need for Corda is increasing rapidly at an exponential rate. To be frank, many industries are looking into Corda for their next big blockchain project. Therefore, there is also a rise in need for viable Corda tutorials. In reality, Corda first started out as a platform for specific financial sectors. However, it’s not limited to only the finance sector at the moment.

As a certified candidate, you can take advantage of this technology and enroll in a R3 Corda certification course. So, you won’t have to think about your future once you master Corda development skills.

• Simplicity of Corda Infrastructure

The Corda infrastructure is undoubtedly simple to understand and handle. So, learning about it won’t be a hard task for you. But, don’t try to learn it on your own as in a way, it is a different technology that needs an expert perspective.

In reality, Corda wants to make this accessible for every industry out there. So, they made sure that the architectural complexity is kept at a minimum. Therefore, with the Corda R3 certification, you will learn about the simple infrastructure in no time.

Here’s a guide to top 10 Corda use cases that you can leverage in your blockchain development.

• Skill Shortage in Corda Development

Well, in reality, there aren’t many Corda developers out there. Also, blockchain itself is a fairly new technology, on top of that, Corda is also fairly new. Therefore, many organizations are looking for proper talent who can help them make Corda base projects and increase their revenues. As the need for blockchain skills in this niche is growing, you should master it while you still can.

So, when you get the R3 Corda developer certification, you can go for these job offers and claim your position within the company. More so, your competition will be at a minimum.

• Higher Salary

High-end companies are willing to pay a hefty sum for the perfect Corda developer. If you know what the ins and outs of Corda development, you can ask for a lucrative salary. In reality, you can expect blockchain developer salary ranging from $135,000 – $200,000 every year!

That’s a very generous salary, isn’t it? But without a R3 Corda certification course, it’s difficult to learn about it, let alone become a developer. So, if you want to have a handsome salary job, then Corda development can get you that.

Want to know more about blockchain corda? Enroll Now in Beginners Guide to Corda Development Course

Corda Certification Benefits

There are certain benefits to taking R3 Corda certification course. Other than the obvious job prospects, there are other points to consider. So, let’s see what these benefits are –

• Prove Your Skills as A Corda Expert

The Corda R3 certification will help you prove your skills to concerned authorities. For example, when you will go to a blockchain developer interview, you can showcase your certification and claim your worth.

Also, maybe you already have a knowledge base on this matter. But it needs polishing up. More so, using a course will help you better understand what the interviews will expect and how you can tackle any questions through at you.

In reality, expert courses will help you get a greater perspective on the blockchain network along with Corda. So, you will not only have blockchain digital transformation knowledge, but you will also have Corda based expertise and couple these two.

Thus, there are no other good means to become an expert other than taking the course.

• Start A Lucrative Career as A Corda Expert

The best part about getting the R3 Corda developer certification is that you get to have a lucrative blockchain career position. Obviously, this is something many professional wants, and with a certification getting, it will become easier.

As you already know, the blockchain industry is ready to pour or invest loads of money into this sector. So, if you can prove your worth, you can easily get a top-notch job position in an enterprise environment.

Also, professionals who want to up their games should also use this certificate to showcase their skills or get promoted.

• Get A Competitive Edge Over Others

If you get the chance to enrich your CV and get a competitive edge over other candidates, won’t you do it? In reality, a Corda R3 certification will help you enrich your CV and outrun other job hunters in the market.

Let’s face it, the job market is very competitive. Even if there are only a few Corda experts out there, certification will make you seem more capable of handling the tasks. Also, you may get a more consultancy or a leading position within the development team as well. So, we would recommend you to check out a certification course on R3 Corda right now!

• Grasp the Core Concepts of Corda Architecture

What’s the best way to start your blockchain journey rather than learning about the core concepts? So, it’s your duty for a Corda developer that you are fully aware of what you are working with. In reality, the R3 Corda developer certification will cover all the basics you need to get started.

More so, these certification courses allow you to get in-depth knowledge on the topic. If you aren’t clear about the architecture or how it works, you will find it difficult to go deeper into the coding scheme. Also, it will help to strategize your blockchain projects for consultants or any other industry professional.

Which Platform to Use for Your Corda R3 Certification Process?

Well, as you can already see, the benefits of enrolling in a R3 Corda certification course are huge. More so, a certified corda expert cannot have an opportunity at the moment but can also expect future technological advantages.

Therefore, it’s only common sense that you will want to look for the best way to start your Corda journey. 101 Blockchains happens to be one of the top educations and research platforms in the blockchain realm.

In reality, it’s a well-known independent source that you can use for getting enterprise-grade information at ease. More so, to help you out, 101 Blockchain offers a Certified Enterprise Blockchain Professional (CEBP) certification.

This certification covers Corda as well. So, you can become certified professional along with added Corda certified too. Anyhow, the best part about this platform is that it offers productive tools and practical knowledge on the said topic. So, you will always stay updates no matter what.

101 Blockchains Certified Enterprise Blockchain Professional (CEBP) Certification

The Certified Enterprise Blockchain Professional (CEBP) certification course is perfect for any individual looking to become a Corda expert. Also, it’s not just any certification exam rather than comprehensive guidance to help you become a professional.

101 Blockchains always strives to offer prospective candidates the experience and knowledge they need to become experts. Anyhow, the certification is designed to help you get the R3 Corda developer certification.

As the course also covers other technologies such as Hyperledger Fabric and Enterprise Ethereum, you get to learn about the overall spectrum of blockchain.

Anyhow, as the course offers fresh content, it will keep you updated on the current design changes too. More so, the 101 Blockchains CEBP certification will make sure you are capable of understanding business goals and strategize effectively.

But do remember, this course is mainly for students who are willing to become a certified professional in the blockchain.

Anyhow, in this course, you will get to –

• Understand the core concepts of R3 Corda and its overall ecosystem.
• Develop expertise and experience with actionable tools and interactive quizzes.
• Learn about the productive and realistic implementation of Corda based business models.

As you can see, all you have to do is register for the CEBP course, and you can get access to all the lucrative materials 101 Blockchains offer.

Duration of The Course

In reality, the duration of the course is only 4 weeks. All the materials are divided into smaller segments, which will take only 3-4 hours every week. But the best part is that you won’t have to stick to a fixed timeline to learn about Corda.

Therefore, you can pause and resume the course whenever you have spare time from your part. So, it’s a flexible scheduling option for you, unlike other courses out in the markets.

The Lesson Structure

Module-1: Fundamentals of Blockchain Technology

This is the very first module of the CEBP certification course. It will start by explaining what blockchain technology is and how does blockchain work. Furthermore, it will slowly start to illustrate the different parts of a blockchain and what roles these elements play.

Anyhow, it will later cover the different types of blockchain technology, their characteristics, features, etc.

You will also learn about how to use them in different environments. Thus, this process will help you use a particular blockchain when you need it.

Next, this module will cover the different elements of blockchain, such as double spending, smart contracts, and consensus process for business models.

• Basics of Blockchain Technology
• How Does Blockchain Work?
• Different Types of Blockchains
• Smart Contracts
• Proof of Work

Module-2: Enterprise Blockchain Platforms

This is the next module in the CEBP certification course that you need for your corda certification process. Actually, this is the most important module for you as in this module, you will learn about the different blockchain platforms, including Corda blockchain.

Basically, this module will start with explaining Hyperledger Fabric fundamentals. It will explain how it works, the use cases, and many other elements of this platform.

The same goes for the Ethereum platform. After that, it will cover the Corda platform. In this module, you can learn about the fundamentals of Corda, how to use it, what the use cases, and how you can use it in your business, and many other crucial topics.

• Hyperledger Fabric
• Ethereum
• Corda

Curious about blockchain platforms? Here’s a guide on Enterprise Blockchain platforms that you can use to learn more about these.

Module-3: Blockchain in Trade Finance

In this next module, you will start with learning about the cryptocurrencies and crypto-assets. Yes, these are different, and they have their distinctive roles within a blockchain network. Therefore, if you want to make a trade finance blockchain project that uses tokens, you can take notes from this lesson.

Next comes the fundamental of the Ripple network. In reality, this platform is suitable for financial sectors and use cases. Thus, it’s in this module to emphasize on how blockchain handles the digital currency.

Furthermore, later on, you will learn about the effect on Trade Finance for integrating blockchain technology.

• Crypto assets and cryptocurrencies
• Ripple fundamentals
• Trade finance on Blockchain

Make sure to go through all the lessons very carefully for your corda certification process.

Excited to learn fundamentals of trade finance and existing processes? Enroll Now in Enterprise Blockchains And Trade Finance Course

Module-4: Different Blockchain Applications

In your training sessions, you will next learn about the different blockchain applications. The module will start with explaining the fundamental of the supply chain process. It will also cover how blockchain is impacting different parts of the supply chain ecosystem.

After that, you will learn about the different use cases of the blockchain for supply chain management systems. Anyhow, the instructor will describe all the steps of an example live project just to help you better grasp the concept.

Anyhow, the module will close with a lesson dedicated to blockchain digital transformation.

• Blockchain-Based Supply Chain Management Fundamentals
• Use Cases of Blockchain In Supply Chain Management
• Blockchain Digital Transformation

Want to lerarn about the implementation of blockchain in supply chain management? Enroll now in Enterprise Blockchains and Supply Chain Management Course

Module-5: Real-World Blockchain Use Cases

For getting Corda certification, you will need to know about the use cases of blockchain. This is the final module of the certification course. In reality, this course will cover different practical blockchain use cases.

Almost all the use cases are suitable for the Corda platform as well. More so, you will also get to see real-world examples too. The primary goal is to help you understand how you can utilize this technology and come up with better strategies.

Why Use 101 Blockchains For Your Enterprise Blockchain Professional Certification?

Well, there are various reasons to use 101 Blockchains for the enterprise professional certification. Let’s see what these are, shall we?

• High-Quality Learning Content

101 Blockchains offers top quality learning content for your certification process. So, using this, you can easily grasp the core concepts of the Corda platform. More so, if you notice the module structure from before, you’ll see how comprehensive the lecture materials are.

Therefore, it’s quite easy to improve your skillsets and become certified along with it. The best part about this course is that it comes with in-depth information about blockchain and its counterparts.

• Flexible and Interactive Learning Structure

For your Corda training, 101 Blockchains comes with a flexible and interactive learning structure. You can access the course for 1 year after you purchase it. All the materials are divided into smaller segments, which will take only 3-4 hours every week. But the best part is that you won’t have to stick to a fixed timeline to learn about Corda.

Therefore, you can pause and resume the course whenever you have spare time from your part. So, it’s a flexible scheduling option for you, unlike other courses out in the markets.

• Lucrative Bonus Materials

The best feature of 101 Blockchains enterprise courses is that they all come with bonus materials. And CEBP is one of them that offers tons of bonus material just for you. In the bonus material, you will hands-on assignments, interactive questions, exercises, interviews with top-level executives, and so on.

As you can already see, it’s a great way to start your Corda training with 101 Blockchains.

Here’s a guide to why blockchain certifications are important for one’s blockchain career.

• Comprehensive Personal Guidance

Your journey of obtaining Corda expert certification is easier with the personal guidance that 101 Blockchains offer. Yes, 101 Blockchains expert team is always ready to help out individuals in their learning process.

In reality, the weekly spreadsheets from 101 Blockchains will keep track of the progress of each student. So, you won’t have to worry about having any confusion or questions about a lesson topic.

Also, with the expert team’s support, you will easily blossom into a worthy expert for high profile jobs.

• Premium Support

Who doesn’t like premium support? I mean, if you are enrolling in a premium course, it’s normal to ask for premium support as well. This is where 101 Blockchains will never fail to satisfy you. In reality, 101 Blockchains offers a responsive and knowledgeable support team just for your needs.

As a certification candidate, it’s evident that you will have concerns or questions about the exam processes. Well, not to worry, 101 Blockchains support team is here to save the day!

• Proof of Your Expert Skills

This is the most important reason for choosing 101 Blockchains for your blockchain expert certification. In reality, if you don’t have proof of your skills in high-end interviews, this may affect your results a bit.

A certification is a great way to showcase your expertise, and with 101 Blockchains, you get that. Once you pass the exam, you will get a printable certification for your CV. Also, you’ll get LinkedIn accreditation that will help you enrich your LinkedIn profile and expand your networking range.

Start your blockchain journey Now with the Enterprise Blockchains Fundamentals

Get Your R3 Corda Certification Right Now!

Corda is definitely one of the promising blockchain platforms out there. At present, many companies such as Bank of Canada, Monetary Authority of Singapore, ING, SWIFT, and many more are using this platform. More so, Corda is involved in many consortia at the moment leading the blockchain realm to a whole different level.

That’s why it’s a very strategic choice to get Corda training and become an expert on it. As you can see, the demands are high and with a bright future ahead. So, why not take the chance right now? For all novices this is the perfect opportunity to get certified with our upcoming Corda development course!

*Disclaimer: The article should not be taken as, and is not intended to provide any investment advice. Claims made in this article do not constitute investment advice and should not be taken as such. 101 Blockchains shall not be responsible for any loss sustained by any person who relies on this article. Do your own research!

The post R3 Corda Certification: Become A Corda Expert appeared first on 101 Blockchains.

To evolve and persist, businesses need to keep an active tab on emerging technologies. One such technology that we think is becoming mainstream is blockchain. Even now, the demand to adapt is exceptionally high.

This leads to one big question, “Should you use blockchain in your business as well?”

If so, which questions should you ask before deciding if blockchain is right for your business? In today’s article, we will explore both. After reading the article, any novice will be able to gauge the current situation and make a calculated guess on whether his/her business should adopt blockchain or not.

Want to learn Business Model Innovations? Enroll Now: Business Model Innovation Course

Key Questions for Blockchain Business

You need to ask the right questions for your blockchain business before you start implementing it. Building a blockchain network is a risky endeavor. To build the blockchain, you need to hire the best technical minds and invest heavily. To Make sure you take an informed decision, you need to ask yourself questions at every step.

Blockchain Business Questions

To get started, ask yourself the following questions.

1. Can blockchain disrupt your business model, and should make adjustments to your business strategy?
2. Will blockchain implementation increase your overall business productivity? If yes, how?
3. How is data stored in your organization? Is there a need to transfer that data into blockchain?
4. If you do, then will the information be secure and more accessible than before?
5. What kind of blockchain use cases are compatible with your business?
6. Which entities in your business have decision making power using the information you send or receive?
7. How will the marketplace be affected, and “what” decisions those entities in the market need to take?
8. Can blockchain offer the opportunity to reduce costing and improve consumer satisfaction?

All the above blockchain questions will give you a necessary foundation of what to expect next. Overall, you should understand that there is no point in implementing blockchain if it slows down your business. Even if blockchain can change some aspect of your business, you should not opt for blockchain at the cost of productivity.

Data privacy is also vital. To understand if blockchain can help you, try to evaluate all the entities that you share your information with. Now, you need to learn if keeping data on blockchain will help you engage with those entities in a better way or not.

Build your identity as a certified blockchain expert with 101 Blockchains’ Blockchain Certifications designed to provide enhanced career prospects.

Blockchain Security Questions

Before you jump into implementing your very first blockchain solution, you need to understand how blockchain security works and if it’s enough for your business. So, start by asking these blockchain security questions –

1. How secure is blockchain technology?
2. Can blockchain truly offer immutability and transparency?
3. Can devices track IP addresses on the network?
4. Who will have access to sensitive information?
5. Can blockchain infrastructure offer protection against cyber-crimes? If so, how?
6. What the security concerns relating to blockchain, and how to overcome them?
7. What kind of encryption does technology use?
8. Are consensus algorithms enough to offer a fully distributed network? If so, what are the security concerns relating to them?

Questions About Blockchain Implementation Process

Now that you have asked yourself some fundamental questions, it is now time to ask questions to understand how your network needs to be implemented. These are the biggest questions about blockchain you should ask before starting your blockchain journey.

These questions will help you to identify the endpoints of your business and know the impact of blockchain on them. You might be running a business of books, but will the buyer and seller will be able to improve their current business experience? If so, how?

As of now, you might have already understood how vital the entities in your business are. In reality, blockchain’s job is to make the life of everyone directly or indirectly connected with your business easy.

They are as follows –

1. Will blockchain eliminate middlemen? If yes, how effectively?
2. Do you require 3rd party involvement to run your blockchain successfully? If so, how much involvement they need?
3. Do you need both physical or digital asset dependency for blockchain to work?
4. How can the information be validated through the system?
5. How will the flow of information work? Basically, who will get it first?
6. Will any rules need to be followed? If yes, what will be those rules?
7. Which platform should your use, and what standards you need to follow?
8. Do you want to implement your platform on a private blockchain?
9. What kind of support or services are available for enterprise companies, specifically?
10. Which infrastructure is ready to use as the base of your blockchain implementation solution?
11. What kind of blockchain tools should your developers use to implement the project faster?
12. What are the basic blockchain requirements for enterprises?
13. Do you need an identity management system or authentication systems?
14. How can you govern or administer it, maintaining the distributed nature?

With all the above questions, you can now make an informed decision.

Curious to learn about blockchain implementation and strategy for managing your blockchain projects? Enroll Now in Blockchain Technology – Implementation And Strategy Course!

Ending Note

Once you ask yourself all of the above questions for the blockchain business implementation process, you can make an informed decision on whether you really need it or not. And if you do need it, then you know just how the network works and what your strategy should be.

Business decisions should be taken with proper research. And, when it comes to the blockchain, the research effort should be tripled at least. A better way to go with it is to become a blockchain expert and evaluate it for yourself. Setting up an internal team can also help you make a much better decision and help you take advantage of the blockchain.

If you are not sure how to become a blockchain professional, we recommend checking our certified enterprise blockchain professional course. Start your blockchain journey now!

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If you want to secure a career in this field, then you’re in luck, as we’ll point out how to become a blockchain engineer. Basically, we’ll be covering what skills or educational qualifications you need to land a job as a blockchain engineer.

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What Is Blockchain Engineer?

Let’s start off with the basics. Blockchain engineers meaning basically is like implementing and creating digital blockchain for enterprise solutions. Typically, blockchain engineers may work for technology consulting firms or data service firms. In reality, it’s a full-time job.

But you need to keep in mind that an engineer would not only build the solutions but also analyze what the company needs. More so, these blockchain engineer jobs require implementing and developing items like assets, and accelerators, or assisting in the enterprises’ infrastructure setup process.

So, you’ll have to use existing platforms like Hyperledger and Ethereum for that.

You may also have to analyze the codes and then provide training for any junior personnel. However, blockchain engineer jobs will make you responsible for application release dates or monitoring the whole project to make sure they are finished within time.

You might have to ensure back-end functionalities and create any documents for the infrastructure as well. But the responsibilities would mainly vary depending on where you are working. Anyhow, the next time anyone asks you “what is blockchain engineer,” I’m pretty sure you have the answer for it now. We are sure that now you know what is blockchain engineer meaning.

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What You Need For Becoming a Blockchain Engineer

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Get through knowledge about Blockchain Basics

Before you begin your journey as a blockchain engineer, you have to start learning about the blockchain basics. So, start by learning different blockchain terms and lexicons. Basically, blockchain definition, working process, decentralization, consensus protocols, smart contracts, etc. are a few of the things to start with.

If you don’t learn about these basic terms, then you’ll find it hard to grasp the concept further along the way. Also, try to read about the technical aspects of the technology as well. For that, you can join our blockchain engineer course and read up whitepapers of popular platforms.

Learn How the Blockchain Architecture Works

A blockchain engineer must have an excellent grasp over how the architecture of blockchain works. In reality, concepts like a consensus, hash functions should be something you can understand anytime. Well, the best way to get yourself familiarize with them is to go through whitepapers of enterprise blockchain platforms.

However, it can be a troublesome task for you. Hence you can go for blockchain engineer training to better harness the knowledge.

Excited to know the advanced concepts of blockchain architecture? Enroll Now: Certified Enterprise Blockchain Architect (CEBA)

Have an In-Depth Understanding and Applicative Sense of the Data Structures

Secondly, you must have an in-depth understanding and applicative sense of the data structures. Blockchain engineers have to make a lot of tweaks and play around with existing data structures to get what they need.

That’s why you have to understand how Merkle trees, Patricia Trees, etc. work. Typically, blockchain uses a lot of data structures along with cryptography to ensure a secure platform. Without knowledge of data structures, you can never fully grasp how the system works. More so, always check out the blockchain engineer job description before you go for that interview.

Be an Advanced Cryptography Master

Cryptography is necessary to maintain the security and immutability of the system. In reality, you have to be quite efficient in cryptography to encrypt data without any loopholes. Even the slightest amount of error can cause the overall project to fail.

So, make sure you learn how the various cryptographic method works. You should even practice vigorously to perfect your craft. Without understanding it, it’s impossible to become a blockchain engineer.

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Know the Basics of Front-End and Back-End Web Development

Blockchain engineers may need skills in front-end and back-end web development. Even though it’s mostly for blockchain developers, still many companies demand this skill when hiring. So, knowing the basics of it, won’t hurt in the long run.

Basically, using this, you’ll be developing UIs, request handling, API handling, etc.

Be an Expert in Various Programming Languages

To develop blockchain solutions, you’d need to be well versed in various programming languages. In reality, you will have to use these languages to code the core framework of technology. Anyhow, you need to learn at least these four programming languages – C++, Java, Python, and Solidity.

Proficiency in other languages is always appreciated. These will definitely help you become a blockchain engineer.

Have a Deep Understanding of Different Blockchain Platforms

Another one of the blockchain engineer skills you must have is a deep underrating of different blockchain platforms. By this, we mean, how different types of blockchain technology works such as public, private, federated, permissioned, and permissionless. But why?

Well, before you begin working on your solution, you need to know which platform is suited for that.

Without a proper platform, you can’t develop an effective solution for the enterprises. Clearly, a public platform in a private oriented solution wouldn’t be the best choice.

Possess Knowledge of How Different Ecosystems or Standards Work

For becoming a blockchain engineer, you must possess the knowledge of how different standards or ecosystems work. It’s one of the blockchain engineer skills the enterprises are looking for when hiring personnel.

There are lots of ecosystems such as Hyperledger, Ethereum, Corda, Quorum, and many more. In reality, you have to study how these work and what standards they use in it. Moreover, they also seem to have open-source codes for you to experiment with.

The more you study about these, the more you’ll be able to create a better blockchain solution. Additionally, you could take blockchain engineer training for these, as well.

Want to know blockchain corda, Enroll Now: Beginners Guide to Corda Development Course

Learn How Interoperability Works

Interoperability is a lucrative feature that every enterprise company wants in its solution. And it’s definitely going to be the next big feature of the future. As technology seems to be growing still, many solutions lack interoperability still.

The basic idea is to have common standards among solutions so that they can easily communicate with each other. So, learn how the interoperability works and implement them in solutions. This will surely help you harness the blockchain engineer skills.

Be a Master of the Blockchain Development Tools

Being a blockchain engineer, you have to develop a lot of blockchain solutions. More so, you have to be time-efficient and effective at that. That’s why using blockchain development tools would be the best call here.

All professionals use development tools to fats track their solutions. And so, you have to be a master of these development tools and learn how to use them effectively.

Possess Strategic Skills to Solve A Blockchain-Related Problem Fast

It’s one of the blockchain engineer skills that you need to polish up before you go for the job. More so, always check out the blockchain engineer job description before you go for that interview. Furthermore, strategic skills are necessary for solving any issues that your company may face. In most of the cases, enterprises don’t have proper ideation of how they can use blockchain in their respective fields.

Here. Blockchain engineers can harness their creativeness, critical thinking skills to figure out the perfect solution for the enterprise. Anyhow, a blockchain engineer training course can definitely help you out in this matter.

Start learning Blockchain Engineering with World’s first Blockchain Skill Paths with quality resources tailored by industry experts Now!

Get a Degree or Diploma in Computer Science Engineering

It’s probably the best qualification for the blockchain engineer jobs. You must get a degree or diploma in Computer Science Engineering. Moreover, it will surely increase your chances of getting hired in an enterprise as well.

Also, a degree in the field would help you understand the technical terms of the technology much better. However, you can also opt for experience in software development as it will help to deal with the associated challenges of the blockchain solution.

Sign Up For a Blockchain Certification Program

You can sign up for a blockchain certification program to learn more about how the blockchain is affecting enterprises around the globe. These blockchain engineer courses will help you possess the knowledge of different platforms such as Hyperledger, Ethereum, and Corda.

More so, it will also help you learn the basics of blockchain technology. Basically, these programs are mainly for senior leadership, decision-makers, blockchain engineers, developers, innovation managers, advisors, business analysts, etc.

Why Should You Become A Blockchain Engineer?

Now, you know how to become a blockchain engineer, but why should you consider it in the first place? Let’s explore some of the benefits this career path can offer you right now.

Better Pay and Security In The Long Run

Well, I’m not going to lie, but a blockchain engineer gets a hefty amount of salary form the very start. In reality, the field is relatively younger, and the right talent is still limited. That’s why enterprises are willing to pay more salary to hire the right blockchain engineer.

The best part is that they are even willing to offer blockchain engineer training for you to help you adjust to their environment. Even if they don’t, you can take up a blockchain engineer course to understand the enterprise ecosystem better.

Another great part is that many companies offer incentives and reward policies. These are basically token-based companies. So, you’ll have a fully secured career in the long run.

High Demand for Blockchain Engineers

Securing a job in this space is easier than traditional ones. There’s already a limited amount of people skilled for pulling off any blockchain solution development. As a result, the demand is huge, and the supply is quite low.

If you have the proper skills to offer for enterprises, they are willing to scope you right then and there.

Offers More Flexibility in the Workplace

Another great benefit of this career is that these enterprises are willing to offer you the best environment for working. So, you’ll get a friendly, innovative workplace with co-operative colleagues. More so, if you are more of a “work from home” kind of person, then you may get an option for that as well.

As a matter of fact, more companies now offer this option, and that boosts productivity!

Work On an Entirely New Technology

Last of all, in this career path, you get to enjoy working on an entirely new technology that no one else is working on at the moment. Only a handful of personnel is in the workforce right now, and you get to be one of them.

As a matter of fact, blockchain is going to be the fuel of the future. So, in a way, you’ll be directly responsible for at least a part of that revolutionary change. Just think of the possibilities! Isn’t that what everyone dreams of?

Start learning Blockchain with World’s first Blockchain Career Paths with quality resources tailored by industry experts Now!

Conclusion

We’ve reached the ending point of our how to become a blockchain engineer guide. Hopefully, this guide helped you with all the knowledge you need for it. Basically, blockchain is here to stay, and getting a job into this space can be the best thing for your career right now.

You can try our Certified Enterprise Blockchain Professional (CEBP) certification program to gain more insight into the realm of blockchain enterprise, as well. A training course can definitely help you mold yourself into a better blockchain engineer.

*Disclaimer: The article should not be taken as, and is not intended to provide any investment advice. Claims made in this article do not constitute investment advice and should not be taken as such. 101 Blockchains shall not be responsible for any loss sustained by any person who relies on this article. Do your own research!

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Financial services are an important requirement for individuals and institutions all over the world. However, billions of people still don’t have access to financial services. Even in the age of digital transformation, where we can witness internet accessibility increasing profoundly, financial inclusion appears to be a myth. 

This is where the concept of decentralized finance (DeFi) comes into the picture. Many people are searching for the best DeFi tools to start venturing into the uncharted yet promising territory. Can DeFi create a new financial ecosystem or replace the traditional banking and financial institutions altogether? 

If you want to capitalize on the DeFi trend, then you need to know the tools that can help you accomplish different functions in DeFi. The focus on decentralized finance tools is essential for individuals planning on introducing DeFi solutions. The following discussion offers you an insight into the top tools for DeFi, along with their clear descriptions. 

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What is DeFi? – Understanding the Basics

The most important thing before learning about top DeFi tools is an understanding of DeFi itself. Decentralized Finance or DeFi is basically the practice of deploying financial software and applications on the blockchain. It can enable a completely new approach to banking while offering all the services that a conventional bank offers. 

Although DeFi supports all crypto platforms, Ethereum is the main focus of DeFi development and transactions now. DeFi can capitalize on the intrinsic traits of Ethereum for delivering desired functionalities. DeFi focuses on the following properties that you can find only with Ethereum.

• Censorship Resistance 

There is no restriction on any individual for using DeFi services, such as identifying characteristics like nationality, political beliefs or gender.

• Permissionless

Users don’t have to depend on permissions from a third party for accessing all DeFi services.

• Transparency

DeFi ensures the availability of all smart contracts for analysis and verification alongside tracking all user interactions for ensuring transparency. 

• Programmability 

It is possible to introduce any service, which offers the flexibility for encoding in a smart contract in the form of a DeFi solution.

• Trustless

The visibility of all transactions and interactions with the smart contract offers a trustless environment. In addition, all transactions and interactions in DeFi enjoy the security of the underlying blockchain. 

• Interoperability

One of the most interesting facts about decentralized finance tools is the scope for interoperability. It implies that DeFi services could utilize one another for developing new servers and products. 

DeFi is primarily applicable in banking services. However, the majority of DeFi projects are basically lending protocols or decentralized exchanges. Lending protocols help users in borrowing cryptocurrency instantly, even for large amounts. DeFi services as decentralized exchanges can help users in trading with any Ethereum-based token. 

Therefore, DeFi is definitely a promising field and has many opportunities for financial service providers and customers. On the contrary, the selection of top DeFi tools is important to ensure that you can access the true value benefits of DeFi seamlessly. 

Want to explore in-depth about DeFi protocol and its use cases? Enroll in Decentralized Finance (Defi) Course- Intermediate Level Now!

List of Top DeFi Tools for Beginners

With more than 200 DeFi projects in the crypto landscape, it is not easy for DeFi beginners to make the right choice. New DeFi-based projects are introducing promising tools for analysis and investment in the DeFi space. Although you can depend only on cryptocurrency wallets to start with, DeFi also offers decentralized exchanges. If you want to capitalize on the actual value of DeFi, then you need to take a look at the following DeFi tools list.

1. Metamask

Metamask is one of the most popular entries among the best DeFi tools in the present times. It is actually a cryptocurrency wallet that also has a well established and popular browser extension. Metamask helps users in interacting with the Ethereum ecosystem through multiple decentralized applications or dApps. Interestingly, users don’t have to download the whole blockchain on their device for using the dApps. Metamask offers compatibility with renowned browsers like Brave, Chrome, Microsoft Edge and Firefox. 

Metamask also supports tokens compliant with ERC-20 and ERC-721 standards other than Ether, the native currency of Ethereum. The notable advantages of Metamask in the DeFi space include its open-source nature and in-built coin purchasing mechanism. All the Metamask code is available online for free with available access, thereby offering scope for continuous improvement. 

In addition, Metamask links effortlessly with crypto exchanges, thereby allowing adequate scope for seamless interoperability. Metamask also deserves to be one of the top DeFi tools for its hierarchical deterministic settings that support users in backing up their accounts. 

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2. Coinbase Wallet

Coinbase is one of the simplest platforms for purchasing, selling and managing cryptocurrency. However, Coinbase Wallet is different from Coinbase, the exchange platform. Coinbase Wallet serves as a vital addition to the DeFi tools list for every beginner. It is a multi-coin wallet based on Ethereum as well as a dApp browser.

Interestingly, the control of the dApp stays with the user only. Private keys for your cryptocurrency wallet would rest directly in a mobile device rather than on a centralized exchange like Coinbase. Furthermore, you don’t need to register on Coinbase for having your own Coinbase Wallet. 

With just a phone app, Coinbase Wallet helps you with storage, transmission and receiving multiple coins. Some of the notable cryptocurrencies supported on Coinbase Wallet include Bitcoin, Ether, Bitcoin Cash, Ethereum tokens and others. In addition, Coinbase Wallet also allows accessibility to decentralized applications on Ethereum network. Coinbase Wallet also serves as a helpful interface for accessing Ethereum-based applications for the DeFi space, such as decentralized exchanges. 

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3. Gnosis Safe

Gnosis Safe is also one of the notable decentralized finance tools that can get you started with DeFi. Many Ethereum users are acquainted with using single key wallets, generally known as an EOA or Externally Owned Account. Such types of wallets are safeguarded with a private key. However, compromising the private key could result in loss of access to your valuable funds. 

The best solution, in this case, would be a multisig wallet like Gnosis Safe. It is actually a smart contract wallet based on Ethereum, which requires approval of a specific number of people for approving a transaction. For example, if a business has two stakeholders, then the Gnosis Safe wallet can be configured for demanding approval of the two stakeholders before sending a transaction. 

Gnosis Safe is unique in the DeFi tools list for the feature of allowing complete self custody of funds. As a result, you can avoid troubles from banks for running a crypto business. In addition, the completely trustless smart contract offers comprehensive control to the users. 

4. Monolith 

The list of DeFi tools that serve as cryptocurrency wallets also brings Monolith into consideration. It is a decentralized banking solution based on Ethereum. It offers a non-custodial contract wallet for secure storage of Ethereum-based tokens. Users could exchange the tokens for fiat currency alongside enjoying the facility of loading them on your Monolith Visa debit card. 

Monolith offers a decentralized, non-custodial and open-source contract wallet. Users could get the benefits of advanced security features tailored for safeguarding user funds in adverse events. The interesting fact about Monolith, among other top DeFi tools, is the global recognition for Monolith Visa debit card. Presently, it is available across 31 countries in Europe, thereby showcasing its reach. 

TKN or the Monolith token encourages community members for participating in the growth of the Monolith card. It has the backing of a continuously expanding collection of ERC-20 tokens, which you can use for making payments for everyday purchases. So, Monolith definitely has a lot of value as a DeFi tool as a DeFi wallet alongside a Visa debit card.

5. Argent

The most common problem in the adoption of cryptocurrency wallets in the DeFi space is user-friendliness. As a matter of fact, the issue can be quite problematic for beginners as they encounter alphanumeric strings, keys, wallets and seed phrases for the first time. Argent is one of the best DeFi tools which attempts at solving this problem. 

It focuses on abstraction of complexities in crypto space for delivering a simple user experience. It is a non-custodial wallet featuring a distinct recovery mechanism, Argent Guardians. Therefore, users don’t have to remember gigantic recovery phases or take backups for their private keys. 

The interesting fact about Argent is the facility of support for different decentralized finance or DeFi protocols. As of now, Argent enables users for accessing eight different DeFi protocols directly from the app. Some of the notable DeFi protocols supported by Argent include Aave, Compound, Social TokenSets, Kyber token exchange and Robo TokenSets. 

6. Zapper

It is not enough for a beginner to start in DeFi with cryptocurrency wallets only. You would also need the decentralized finance tools for managing DeFi assets, and Zapper is a top choice. It is actually a simple dashboard built for DeFi. Zapper allows easy tracking and visualization of all DeFi assets and liabilities through a simple interface. 

Zapper emerged as the result of a merger between DeFiSnap and DeFiZap, two fundamental DeFi asset management tools. DeFiZap helps users in faster capital investment in various income opportunities. The facility of DeFi onramps with DeFiZap addressed the troubles such as impermanent loss. 

On the other hand, DeFiSnap offers the signature dashboard for tracking DeFi assets. It supports notable DeFi protocols such as Compound, Synthetix and Set Protocol. Most important of all, DeFiSnap has been recognized for maximum DeFi integrations in the overall asset management landscape. 

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7. Debank

Another popular addition among DeFi asset management platforms in DeFi tools list is Debank. Debank is also a dashboard that helps in tracking DeFi portfolio. It offers functionalities of data and analytics with decentralized lending protocols, decentralized exchanges, stablecoins and margin trading platforms. 

Debank helps in monitoring all DeFi assets in one platform for reducing the gap between DeFi technologies and end-users. It allows users to test their demo account and is quite easy to set up. Most important of all, the Debank dashboard could help in tracking assets in different DeFi protocols. 

In addition, experts believe the future holds promising features being added to the Debank portfolio. Apart from the facility of a dashboard, Debank also serves as a wallet along with other options like the analytics page or the interest rates. The effectiveness of Debank is also visible in the facility of “Ranking” panel, which serves as a scoreboard for various categories.

8. Zerion 

Zerion is also one of the top DeFi tools for managing your DeFi asset portfolio. It has won many accolades as an investment interface for decentralized finance or DeFi. Users can access a single platform for managing their complete DeFi portfolio with a non-custodial approach. 

It also allows users to navigate the DeFi market, liquidity pools, vaults and multiple ERC-20 tokens. In addition, Zerion also presents the prospects of earning interest on stablecoins alongside tracking their return on investment, among other functionalities. 

Zerion has the capability for delivering a comprehensive DeFi experience for beginners with its distinct traits. It features advanced portfolio analytics for evaluating the performance of your investments along with staked assets. The DeFi asset management tool also presents the smart transaction history in user-friendly formats. Users could easily filter out the transactions on the basis of protocol, transaction type, address or asset. 

9. DeFi Pulse

DeFi Pulse is also one of the top platforms which deserve a place in the DeFi tools list. It is the leading resource for tracking your DeFi assets and projects. Many experts consider DeFi Pulse as the leaderboard of decentralized finance. Users could access latest information on rankings and analytics related to DeFi protocols. 

The rankings on DeFi Pulse track the total value locked or TVL related to smart contracts based on notable DeFi protocols and applications. Furthermore, DeFi Pulse also prepares The DeFi List and maintains it. The DeFi List is actually a collection of best resources in DeFi. Beginners could also capitalize on the DeFi Pulse Farmer newsletter for obtaining access to latest DeFi news, trends and opportunities.               

10. DeFi Saver

The final addition in the DeFi tools list would draw our attention towards DeFi Saver. DeFi Saver presents one platform for users interested in management of their DeFi assets throughout different protocols. The easy to use dashboards for Compound and MakerDAO are the promising highlights of DeFi Saver. In addition, it also offers a personalized dashboard for Dai lending, known as Smart Savings. 

The personalized dashboards can easily connect users with different protocols such as Maker, Compound and Fulcrum. As a result, users could access a seamless experience with unique features for managing DeFi assets. DeFi Saver can keep users updated about their transaction status as the transaction passes through the mempool. The real-time notification facility can encourage end-user engagement while reducing anxiety regarding transactions.

Aspiring to learn more about DeFi? Register now for the DeFi and Future of Finance webinar.

Final Words

It is quite clear that cryptocurrency wallets and DeFi asset management platforms are the best DeFi tools for beginners. The cryptocurrency wallet is essential for converting fiat currency into DeFi assets and trading them on different platforms. However, DeFi beginners would also need dashboards and asset management tools for monitoring the performance of their DeFi investment portfolio.

The assumptions regarding the future of DeFi have fuelled the growth of many DeFi tools. In the long run, users have to differentiate between the DeFi tools they want and the ones they can skip. Your requirements matter the most and if you want to just get started with DeFi, choose the tools listed here.

*Disclaimer: The article should not be taken as, and is not intended to provide any investment advice. Claims made in this article do not constitute investment advice and should not be taken as such. 101 Blockchains shall not be responsible for any loss sustained by any person who relies on this article. Do your own research!

The post Top Tools to Get Started with Decentralized Finance (DeFi) appeared first on 101 Blockchains.

Therefore, to help you out, I’ll cover everything in this guide. More so, you’ll get a context of the characteristics of blockchain, which will help you understand the blockchain digital transformation better as well. So, let’s not waste any more time and check out the blockchain concepts you should know about.

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What Is Blockchain Technology?

At the very start, let’s clear up one of the common blockchain concepts that many of you are confused about. So, what is blockchain technology? Well, in reality, blockchain technology is a distributed ledger system, which comes with decentralization, greater transparency, security, immutability, and many more. So, instead of any centralized model, it focuses on a new decentralized environment to promote fairness.

In reality, it’s actually quite an intelligent technology that can replace any existing system and increase the overall efficiency of a network. Anyhow, this is one of the key blockchain concepts that you may be confused about. Furthermore, blockchain is going to disrupt the world very soon (already disrupted a lot of industries). Thus, learning about blockchain concepts is the best thing you can do right now.

Get familiar with the terms related to blockchain with Blockchain Basics Flashcards.

How Does a Blockchain Work?

Blockchain actually follows a straightforward working process. And this is one of the blockchain concepts you should know about. So, let’s see how it works. First of all, a user on the network would request for a transaction. Next, to represent the transaction, a block gets created with transaction information, and the block gets broadcasted throughout the system to other nodes.  Nodes are users or devices that the user on the network will use to get into the system.

Anyhow, once that happens, all the nodes verify the contents of the block. Without proper verification, anyone can misuse the network. So, it’s necessary to check them beforehand. More so, there are various ways to verify them without any illegal means. I’ll talk about them in a bit in this learning about blockchain concepts later on.

Anyhow, if the information is valid, then the block gets verified; if not, it gets disapproved. After the validation process, the block is added to the ledger. So, once all of that is out of the way, the transaction is executed.

Key Features of Blockchain Technology

In reality, there are six basic key features of blockchain technology. More so, this is also one of the key blockchain concepts you need to check out before using the technology. These are –

• Immutability: Here, it means that no one can alter any kind of entry in the ledger once you add them. However, it varies based on the type of blockchain technology.
• Decentralization: In reality, it means that there is no central authority in the platform.
• High Level of Security: Blockchain offers a greater level of security compared to other platforms.
• Distributed Ledger: In reality, it means that the main ledger is distributed among all the nodes, and they have to maintain it.
• Consensus Algorithms: These are protocols the network uses to verify transactions.
• Fast Settlement/Transaction: It does offer a fast transaction speed compared to traditional banks.

Anyhow, let’s check out the blockchain concepts you should know about.

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Different Types of Blockchain Technology for Enterprises

This is another one of the key blockchain concepts. More so, there are different types of blockchain technology for enterprises. In reality, each class offers a different set of features and issues. Thus, you need to understand their underlying structure to incorporate them into enterprise environments better.

General Classification

• Private Blockchain

Private blockchains are really a lifesaver for enterprise companies. Furthermore, here you get a lot of new features that you won’t get in public ones.

Special Features

1. A single organization can authorize access to the network
2. Read or Write access varies from node to node
3. Faster output
4. Can use any asset on the network
5. Does not offer anonymity
6. Cheaper compared to the public blockchain

Why Should You Use This?

1. Saves a lot of costs
2. Offers lower transaction fees
3. Network regulations
4. No criminal access

• Public Blockchain

A public blockchain is more suited for an open environment where you need it for the consumers. Therefore, it’s important that you know where to use this blockchain concept. But this blockchain concept is more secure than private ones.

Special Features

1. Everyone has access to the network
2. Can download and add nodes
3. Fully decentralized
4. Slower output
5. Offers anonymity

Why Should You Use This?

1. Greater transparency
2. Truly decentralized structure
3. User empowerment
4. Immutability

• Federated Blockchain

In reality, federated platforms are actually perfect for enterprise companies. Here, multiple companies can co-exist in the network and work together, still maintaining their privacy. Therefore, you can use this blockchain concept to implement your blockchain solutions.

Special Features

1. Multiple organizations can authorize access to the network
2. Extremely faster output
3. Highly scalable
4. Energy efficient
5. Distributed authority

Why Should You Use This?

1. Preserves privacy
2. Power-efficient compared to the public blockchain
3. Less volatile network

Start your blockchain journey Now with the Enterprise Blockchains Fundamentals

Permission-Based Classification

• Permissioned Blockchain

In reality, permissioned blockchain can be both private and public. More so, the internal system will greatly vary from network to network.

Special Features

1. Decentralization varies from network to network
2. Only nodes with proper authority can enter the network
3. Some nodes have more influence and can participate in a consensus
4. Relatively faster
5. Trusted environment

Why Should You Use This?

1. More power for the nodes
2. Open privacy level for everyone
3. Free participation in voting or consensus

• Permissionless Blockchain

In reality, permissioned blockchain can be both private and public. More so, typically, it’s decentralized, but you can impose restrictions on these platforms too.

Special Features

1. Usually decentralized
2. Every node is free to participate in a consensus
3. Trust-free environment
4. Relatively slower

Why Should You Use This?

1. Suited for organizations
2. Transaction rates are low
3. Isn’t required to have a native asset

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Key Blockchain Concepts: Smart Contracts and Consensus Algorithms

Smart contracts and Consensus Protocols are two of the most important elements of blockchain technology. Furthermore, every blockchain needs to have a consensus protocol for reaching an agreement between nodes.

What Are Smart Contracts?

Smart Contracts are digital contracts where a user can set up pre-determined rules. More so, once the pre-determined rules are executed, all the participants in the contract get their share of payment or assets. Thus, the whole process is automated.

Also, once a user meets with the specified rules of the contract, the smart contract will automatically release the payment. In reality, this is one of the important blockchain concepts you should know about.

Curious to understand the complete smart contract development lifecycle? Enroll now in Smart Contracts Development Course Now!

What Is Consensus Algorithm?

In reality, consensus algorithms are a form of an algorithm that helps the nodes within a blockchain network to reach an agreement over the validation process of a transaction.

Furthermore, these are at the very core of the blockchain infrastructure. So, without consensus, the system can’t be fully transparent or error-free.

What Are the Different Types of Consensus Algorithms?

There are various types of consensus algorithms. There are –

• Proof-of-Work
• Delayed Proof-of-Work
• Proof-of-Stake
• Delegated Proof-of-Stake
• Leased Proof-Of-Stake
• Proof of Stake Velocity
• Proof of Elapsed Time
• Practical Byzantine Fault Tolerance
• Simplified Byzantine Fault Tolerance
• Delegated Byzantine Fault Tolerance
• Federated Byzantine Agreement
• Directed Acyclic Graphs
• Proof-of-Activity
• Proof-of-Authority
• Proof-of-Reputation
• Proof of History
• Proof-of-Importance
• Proof-of-Capacity
• Proof-of-Burn
• Proof-of-Weight
• Proof-of-Time

These are the key blockchain concepts you should know about, and it will help in your journey ahead.

Learning Blockchain Concepts: The Enterprise Blockchains

Enterprise blockchains are a vital part of blockchain adoption. In reality, without specific platforms geared for this sector, blockchain can’t reach international standards. Thus, to clear these basics of blockchain, let’s get into what the enterprise blockchain is and what platforms are ruling the marketplace at the moment.

What Are Enterprise Blockchain Platforms?

Enterprise blockchains are special types of blockchain platforms that are optimized, especially for enterprise-grade usage. Furthermore, these platforms are equipped with the necessary features needed for any organization to pull off the enormous workload every day.

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5 Enterprise Blockchain Players for You

At present, there are multiple enterprise blockchain platforms. Anyhow, all these platforms offer their version of blockchain technology for enterprises with a high level of customizations.

There are five main platforms. These are –

• Hyperledger

Hyperledger is currently in the top five among the enterprise blockchain platforms. Furthermore, many companies are using this enterprise blockchain for their solutions. Also, the Linux Foundation hosted this project, and they offer open-source platforms for cross-industry use cases.

Features

• Permissioned Blockchain System
• High Scalability with Greater Performance
• Need-To-Know Data Availability
• Rich Queries Languages
• Modular Architecture
• Safety Measurement for Sensitive Data

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• Enterprise Ethereum Alliance

Enterprise Ethereum Alliance is another top tier among enterprise blockchain platforms. More so, this one offers a private version of the Ethereum platform for enterprise usage. At present, they have over 1400 individuals working on the solutions.

Features

• Open Platform
• Operational Authority
• Provide Governing Support for Enterprise Development
• Evolve from the Existing Public Platform
• Utilizing Standards

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• R3 Corda

R3’s Corda is more suited for financial sectors. However, the company is expanding its solutions to incorporate more industries such as Government, Healthcare, Energy, Global Trade, Telecommunications, etc.

Features

• The application firewall of blockchain
• Operational governance model
• Disaster monitoring and recovery
• High node performance
• Support for Oracle and SQL server databases.

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• Ripple

In reality, Ripple offers two strong features – high level of safety measures and advanced security protocols. More so, it’s more suited for financial enterprises. Also, their RippleNet provides almost free transactions anywhere around the world.

Features

• Expanding to new marketplaces
• Ensure more customers
• Advanced security protocols
• Simplifying the process of payments

• Quorum

In reality, Quorum uses Ethereum as the underlying technology for this platform. Anyhow, the major difference is that Quorum is permissioned, whereas Ethereum is public and more geared towards organizations. Furthermore, this is a blockchain concept that many of you seem to confuse yourselves with.

Features

• Node managing authority
• Private transactions
• Agreement through voting
• High-end performance

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Blockchain Concept Explained: What Are the Popular Use Cases?

Global Transactions

• Fast cross-border payment
• Efficient transactions
• Low costing

Trading

• Control for manufacturers
• Trust and transparency in trading
• Reduced costing and paperwork

Food Safety

• No food fraudulence
• Accountability in the food supply
• Low amount of food wastage

Supply Chain

• Tracking every product
• Visibility and security in the supply chain
• Detection of corruption with accurate information

Retail

• Tracks all luxury goods
• Fights off counterfeit issue
• Reduces product theft

Governmental Services

• Preserves citizen rights
• Promotes exponential economy growth
• Digitizes citizen identification

Intellectual Property

• Payments for patented work
• Patents and trademarks intellectual properties
• Reduces intellectual property abuse

Healthcare

• Tracks patient information
• Streamlines multiple test results in parallel
• Stops counterfeit drug issue

Oil and Gas

• Promotes accuracy and saves revenue
• Efficient shipment routes
• Secured auditing and freight payment

Real Estate

• Fractional ownership of properties
• Reduces property costs
• Increases scalability

Humanitarianism

• Full visibility in donations
• Corruption free environment
• Promotes trust and fairness

Insurance

• Less paperwork
• Fast insurance checks and claims
• No customer exploits

Media and Entertainment

• Better value for artists
• Good paycheck for the artists
• Efficient marketing on the social platform

Travel

• Accurate passenger processing
• Cross border identification
• Accurate flight schedules

Blockchain Concept Explained: Difference Between Centralized and Decentralized Network

Blockchain is not only changing the enterprises but also the infrastructure of the internet. In reality, the internet is fully centralized. More so, social media or Google searches were myths twenty years ago. Thus, it’s evident that the internet needs an upgrade, and blockchain is the key to that.

Centralized System

• Uses a client-server model
• Authoritative access that controls the output
• Prone to single point failure
• No privacy for user data
• Third-party interference
• Mass adoption

Decentralized System

• Uses a peer-to-peer model
• No authoritative access
• More secured, no single point of failure
• Higher privacy for enterprises and users
• Gets rid of third-party interference
• Transparent data
• In the early phase of adoption

Let’s see the implementation problems in this “what is the blockchain concept” guide.

Implementation Issues of This Tech: Blockchain Concept Explained

Now that you know about the fundamentals of blockchain, it’s time for you to know about the implementation challenges as well. In reality, the adoption challenges are separated into two categories – Technological Factors and Human Factors.

Human Factors

• Inefficient technological design of the blockchain projects
• Also, not enough supply of proper skill set for blockchain adoption
• More so, the majority of the public doesn’t know what the technology is or understands what it can do.
• Anonymity can attract criminals on the platform
• There’s a significant lack of regulations on the network

Technological Factors

• The performance lacks in many ways so far

• Also, most blockchains use energy-consuming consensus algorithms
• The public ledger system does not offer full privacy for the companies
• In reality, there are some security concerns even though the technology boasts about it
• Furthermore, blockchain is still not capable of handling mass users in their system, and it increases the scalability problem.

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Use These Blockchain Courses to Learn About the Blockchain Concepts

• Certified Enterprise Blockchain Professional

Course Overview

Want to learn about the basics of blockchain? In reality, this is one of our premium courses that offers everything you need to know about the fundamentals of blockchain. And so, if you want to study the technology, learn how it works you need to use this course. Furthermore, this course will offer you ways that you can implement your very own solution and understand the full transformation at ease.

What Modules Does It Have?

Part-1: Blockchain Technology Basics

Here, we will start with the fundamentals of blockchain. Furthermore, we will cover how blocks are created, using smart contracts, how consensus protocols work, different types of blockchain, and so on.

Part-2: Enterprise Blockchain Platforms

Mainly, you will learn the basics of blockchain technology with these enterprise blockchain platforms. In reality, we’ll cover the three major ones – Corda, Ethereum, and Hyperledger Fabric.

Part-3: Blockchain In Trade Finance

You want to learn how blockchain is affecting the trade finance sector? Well, don’t worry because, in this part, we will tell you just how. In reality, this part will contain the process of trade finance, crypto-assets definition, cryptocurrency definition, a detailed overview or Ripple, and so on.

This platform really will offer full disclosure, and you can get the blockchain concept explained here as well.

Part-4: Blockchain Applications in Major Businesses

Blockchain transforming businesses is not new at the moment. But if you don’t know how it’s doing it, then you are in trouble. So, in this part, we will dive into the supply chain management sector. Therefore, you will understand how it’s working here and what are the probable use cases.

Part-5: Blockchain Use Cases

This is fairly straight forward. In reality, this part will teach you how you can use it in different scenarios.

Enterprise Blockchains and Supply Chain Management

Course Overview

Want to learn about the basics of blockchain in enterprise blockchains and supply chain management? In reality, this is one of our premium courses that offers everything you need to know about the fundamentals of blockchain in the supply chain. And so, if you want to study the technology, learn how to integrate it into the system, then check out this course now! Also, this course will offer you ways that you can implement your very own solution in a supply chain focused industry.

What Modules Does It Have?

Part-1: Fundamentals of Supply Chain Management Process

In this part, we will teach you the full process of supply chain along with what kind of responsibilities you will face in a similar career opportunity.

Part-2: Value Formation in SCM

But how will you know what kind of value your company is offering and how much you need it? So, for that, we will cover how you can estimate your value with the working capital. More so, you will learn to use the EVA model for evaluating your SCM system. Also, we will cover a relationship graph between the working capital and the SCM process.

Part-3: Supply Chain Blockchain Examples

In reality, this part will contain the impact of blockchain in the supply chain and offer lucrative use case options with live examples of it.

Part-4: Developing a Supply Chain Project

Furthermore, you will learn exactly how you can develop the solution in a guiding manner. Let’s see the next big course for you in this “what is the blockchain concept” guide.

Enterprise Blockchains and Trade Finance

Course Overview

Want to learn about the basics of blockchain in enterprise blockchains and trade finance? But for that, you need to study the industry itself, learn how the process works, and then use this course for your blockchain project. Also, this course will offer you ways that you can implement your very own solution in the trade finance industry.

What Modules Does It Have?

Part-1: Working Process of The Trade Finance Industry

In this part, we will teach you the full process of trade finance along with what kind of problems you will face in a similar career opportunity.

Part-2: Blockchains Affect in Trade Finance

In reality, how can you know about the live initiatives in this sector or even about the models as well? So, for that, we will cover how you can couple trade finance with blockchain. More so, you will learn to use different blockchain solutions for your trade solution too.

Part-3: Key Parts of Trade Finance

In reality, this part will contain the key parts of trade and how blockchain will impact them. For example, we will cover the Letter of Credit (LC), Bill of Lading (BoL), and Cross border payments.

Part-4: Trade Finance Applications with Blockchain

Want to see some live examples of it? Well, learn about Marco Polo, Contour, We. Trade and TradeLens with use in this part.

Part-5: Developments in Blockchain-Based Trade Finance

You know there are some major developments in this sector too. For example, you need to know about TradeTrust and Digital Standards Initiative. Let’s see the next big course for you in this “what is the blockchain concept” guide.

Enterprise Blockchains Templates

Course Overview

Want to clear your confusion on “what is the blockchain concept” using lucrative blockchain templates? But for that, you need to study them and learn to use them properly. So, we are here with a complete course and a wide collection of templates to help you out as well.

Also, this course will offer you ways to improve your presentation and know where to use this tech in a better way.

What Templates Will You Get?

• Do you need a blockchain?
• Blockchain Project Readiness
• Presenting an Enterprise Blockchain Project
• Mapping Supply Chain Business Vs. Enterprise Blockchain

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In the End

I tried to cover all the basic blockchain concepts that you can understand simply in this guide. So, if you are more interested in getting into deeper, then make sure to use our wide collection of blockchain courses.

Not only the blockchain concept is explained there, but you will also know a lot about other perspectives as well. In reality, coupling businesses with this technology can actually make our world a much more efficient place.

The post Blockchain Concepts You Should Know About appeared first on 101 Blockchains.

In a recent article, we discovered the definition, working, and applications of blockchain explorers in detail. So, how can you find the best blockchain explorer according to your needs? Since they are important for viewing your transactions on blockchain networks, you have to be quite careful about the choice. The following discussion outlines the seven best blockchain explorers that you can rely on for monitoring and management of applications on blockchain.

Blockchains are inherently designed as large public databases that allow suitable options for navigating them flexibly. On the other hand, it is quite difficult for an individual without advanced technical fluency to use a blockchain application. How do you find out and manage the transactions on a blockchain network or application? The command-line interface or CLI is definitely a reliable tool for accessing information about the blockchain and interacting with it.

However, any individual without any prior expertise and knowledge of programming could face difficulties in using CLI. Therefore, blockchain explorers help in viewing and managing digital assets on blockchain. Traditionally, cryptocurrency owners have utilized blockchain explorers for checking the status of sent and received transactions. However, blockchain explorers have wide-ranging use cases and basically serve as the search engine for blockchain. With the growing adoption of blockchain, many people want to access the most popular blockchain explorer.

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What are the Best Blockchain Explorer?

So, what can you expect from a blockchain explorer? Is there any ideal benchmark for the best blockchain explorer? Blockchain explorers serve more than just verifying the status of transactions on blockchain networks. They can provide a report about various data points related to transactions on the blockchain. Some of the important details that you can find with a blockchain explorer include date, fees for transaction, block height, date, incoming and outgoing addresses, and amount associated with transactions.

Blockchain provides the exceptional advantage of complete transparency of transactions, and blockchain explorers should be capable of achieving the same. Many blockchain applications such as cryptocurrency wallets inform users about the processing of transactions through notifications. On the other hand, there are many other blockchain services that do not offer similar facilities. In such cases, blockchain explorers should ensure that they can provide the information users need about their transactions on the blockchain.

With so much being said about blockchain explorers, it is reasonable to wonder whether there is a perfect alternative! As a matter of fact, you would come across a long list of blockchain explorers presently active in the blockchain ecosystem. Now, there is no mandatory rule or benchmark for finding out the best explorers to navigate blockchains.

On the other hand, many blockchain explorers have been able to endure the test of time while gaining widespread support from the blockchain community. Here is an outline of the best blockchain explorers that can eventually help you make the right choice for managing transactions on blockchain.

1. Blockchain.com

There is no way you would come across a list of top blockchain explorers without Blockchain.com on it. The easy-to-use interface of the blockchain explorer presents different options to navigate blockchain easily in a flexible list. The options for navigating blockchain on Blockchain.com include a transaction monitor, mining difficulty, block checker, current hash rate, transaction monitor and checker, continuously updating average fee graph, and more.

Users also have the privilege of switching to analysis of Ethereum or Bitcoin Cash, although with considerably limited options for such blockchains. As a matter of fact, the popularity of Blockchain.com is not due to the quality of service. It was the first block explorer of its kind, and people have developed considerable familiarization with it.

The functionalities for exploring blockchain details such as addresses, blocks, and transactions make it the best blockchain explorer. The next most interesting feature in Blockchain.com refers to the massive assortment of stats pertaining to activities associated with Blockchain in the recent 24 hours.

The ‘Data and Charts’ section of Blockchain.com is also another profound aspect for the blockchain explorer. The Charts section features frequent updates with the addition of new data, thereby opening the scope for in-depth analysis of new blockchain trends. The Charts section also features additional sections tailored for Bitcoin as a currency, Bitcoin wallet activity, mining information, Bitcoin block details, and Bitcoin network activity.

Blockchain.com is a popular blockchain explorer because it can offer an in-depth overview of blockchain applications without adding excessive information. Interestingly, it is suitable for beginners as well as professionals in blockchain, thereby adding up to its popularity.

2. Blockcypher

Blockcypher is the next notable addition among the top blockchain explorers active in the market. It is an open-source blockchain explorer with the right set of features to help you uncover a wealth of information. Users could explore various data points such as transactions, addresses, and blocks on blockchain networks. Furthermore, it also features a clean user interface that is known for high usability.

As a result, users don’t have to experience any difficulties at all while using Blockcypher blockchain explorer. The real-time feed of Blockcypher is also another attractive factor that you can find in this blockchain navigation tool. Other than the usual features that you can find in blockchain explorers, Blockcypher also brings something more to the table. Users could find suggestions for transaction fees alongside confirmation predictions.

Furthermore, it also provides the feature of public address notifications for your Bitcoin cold wallet addresses. Apart from extending support for navigating details of Bitcoin, it also supports Dogecoin, Litecoin, and Dash. However, you could not find any support for Bitcoin Cash with Blockcypher. Interestingly, Blockcypher helps users in exploring the blockchain of Bitcoin in four different currencies such as mBTC, BTC, Bits, and Satoshi.

The developer’s section in Blockcypher is also one of the formidable features that make it a popular blockchain explorer. Users can access a robust API alongside developer tools in this section for developing applications based on their platform. Furthermore, the support of extensive documentation in using the API also improves usability of Blockcypher.

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3. Tokenview

Your search for the best option in a list of blockchain explorers can come to an end with Tokenview. It is one of the best as well as favorite blockchain explorers presently with an exciting assortment of highly functional features. Although it is one of the recent additions among blockchain explorers, it has introduced the exceptional functionality of multi-chain exploration.

Since Tokenview comes from a team of Chinese developers, it was primarily tailored for Chinese markets. So, users may have to encounter issues in accessing the site in English. However, it makes up for the shortcoming in the form of broad coverage of cryptocurrencies. Tokenview supports over 100 different cryptocurrencies, establishing its formidable identity as a multi-chain explorer.

In addition, Tokenview is the best blockchain explorer with powerful blockchain navigation tools such as a number of daily active Bitcoin wallet addresses, daily trading levels, and block winners alongside more. Tokenview helps you explore blockchains of Ethereum, Monero, Litecoin, Ontology, NEO, ZCash, TRON, and many other cryptocurrencies.

Furthermore, the formidable decentralized app explorer helps users in exploring blockchain applications easily. Since it has to deal with excessive volumes of data, users can expect slower loading speeds with Tokenview. However, existing Tokenview users have experienced faster navigation of the site once it has been launched.

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4. Blockchair

Discussions on the best blockchain explorers in the world would obviously arrive at Blockchair at some of the other points. As one of the most aspiring blockchain explorers are presently active in the market, it provides a huge assortment of information, especially for various cryptocurrencies such as Bitcoin, Litecoin, Ethereum, Ripple, and Bitcoin Cash.

The most noticeable feature in Blockchair refers to the facility of searching for embedded text data in the Bitcoin blocks. Furthermore, users could easily dive into details of transactions with particular notes or instructions. In addition, you could also verify if participants have added any amusing text in the blockchain.

Blockchair helps users in accessing more information than Blockchain.com, especially in the case of cryptocurrency transactions. The tagline of Blockchair, i.e., ‘Search the blockchain world for anything’ indicates its capability to outperform the best blockchain explorers.

You can access data such as transaction fees, current difficulty, mempool size, number of nodes, addresses, embedded text data, blocks, and more. The ‘Compare’ tool in Blockchair is also one of its notable features. It helps in comparing the mining, network, and blockchain statistics for all coins accounted for in Blockchair with a side-by-side comparison.

5. Tradeblock

Tradeblock is also one of the popular entries in the list of blockchain explorers with a formidable competitive advantage. It provides blockchain explorer for the Bitcoin blockchain with an extremely minimalistic environment for tracking transactions and searching for wallets. The simple design hides a powerful blockchain explorer with credible features and a wide range of essential tools.

The helpful additional features in Tradeblock establish its claim as one of the top contenders in this list. The ‘Historical’ tab in Tradeblock features a Bitcoin historical data chart where you could change the data sets on display by using ‘Settings’ tab on the right.

The ‘drop-down’ boxes could help in comparing transaction value, mining difficulty, hash rate, block size, and other aspects. In addition, the ‘Mining’ tab in Tradeblock can also provide a wide range of information regarding Bitcoin mining. The ‘Mining’ tab also provides a mining calculator for driving better decisions regarding Bitcoin transactions.

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6. CoinMarketCap

The CoinMarketCap Blockchain Explorer is undoubtedly a popular blockchain explorer that has emerged recently. The portal does not need any introductions at all, and it is a benchmark for different crypto-asset owners to explore important information regarding the cryptocurrency market.

The blockchain explorer of CoinMarketCap provides a detailed ranking of cryptocurrencies and exchanges, arranged in order of market capitalization. In addition, users could also depend on the CoinMarketCap Blockchain Explorer for finding out their transactions.

It also supports exploration of blockchain of other cryptocurrencies in the market. The easily readable graphs on the explorer, along with a clear illustration of transactions for every block and a basic data layout, strengthen its usability. The clean aesthetics of CoinMarketCap Blockchain Explorer are also appealing for newcomers to the world of blockchain.

7. Blocktrail

The final addition to this list of seven best blockchain explorers brings us to Blocktrail. The homepage of the blockchain explorer portal displays a wide range of stats such as the mempool size, recommended fee, Hashrate distribution for each pool, and block feed. Although the UI of Blocktrail is no work of wonder, it definitely scores good numbers in terms of ease of use.

Most importantly, users can access a unique feature with Blocktrail. It allows users to export all transaction history related to a public address in the format of a CSV file. Furthermore, it also offers an easily comprehensible pictorial representation of transaction history for a specific address.

Interestingly, users can also find out information regarding the number of times a specific Bitcoin public address found entries on the internet. The advantages of Blocktrail as one of the top blockchain explorers are also evident in the facility of developer’s section. The developer’s section features user-friendly SDKs and APIs that could support aspiring blockchain developers.

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Conclusion

On a final note, it is clearly evident that you have various options when it comes to the best blockchain explorer. However, it all comes down to your requirements when you have to make the final selection. Now, it is important to remember that all the notable blockchain explorers offer basic functions of viewing transaction details.

So, you should try to make your choice on the basis of features that you want, such as additional insights into transaction details. Some users could look for exploring different types of blockchains. The good news is that there is a blockchain explorer for any requirement of users to interact with blockchain applications and networks. Learn more about them and become a blockchain expert!

*Disclaimer: The article should not be taken as, and is not intended to provide any investment advice. Claims made in this article do not constitute investment advice and should not be taken as such. 101 Blockchains shall not be responsible for any loss sustained by any person who relies on this article. Do your own research!

The post List of 7 Best Blockchain Explorers appeared first on 101 Blockchains.

Security is one of the prominent requirements in the present times, with businesses wondering about innovative approaches for safeguarding information. One of the most innovative solutions that have emerged recently for helping businesses in secure information exchange points towards blockchain. Blockchain technology brings functionalities of distributed ledger and ensures that unauthorized parties couldn’t see the information exchanged in a specific transaction. 

It uses cryptography to provide the desired security while bringing attention towards hashing and digital signature in blockchain. Both hashing and digital signature have a huge role to play in the blockchain landscape. The following discussion aims to shed light on the importance of hashing and digital signature for blockchain. 

The most important aspect in discussions around hashing and digital signature in blockchain primarily revolves around cryptography. Communication has evolved gradually over the years as we have come from pictograms to flash storage devices storing massive information. However, communications have always been following best practices of encryption to ensure that information is not visible to other individuals. 

Therefore, cryptography emerged as a vital solution for ensuring safeguards for sensitive information. Cryptography involves scrambling the original content of the message to a cipher before sending it to the recipient. The recipient could use keys for unlocking the cipher, and the keys are available only with the recipient. Therefore, any other party couldn’t intercept the communication in the course of its journey from sender to recipient. 

What is Hashing and Digital Signature in the Blockchain?

Blockchain relies largely on cryptography as a major selling point. It is also interesting to note the definition of hashing in blockchain and the role of digital signatures in understanding how they fit in the blockchain equation. Let us start with hashing first. 

What is Hashing in Blockchain?

Hashing is the process of taking an unlimited amount of input data and leveraging it for the creation of specific amounts of output data. The input data does not have any fixed size, thereby offering considerable flexibility in the selection of inputs for hashing. In addition, the importance of hashing in blockchain security is visible in the requirement of hashing for adding blocks. You should also note that there are various hashing algorithms tailored for varying requirements of users. 

Interestingly, hashes have found a wide range of applications in various use cases, with the most prominent example referring to digital fingerprinting. Digital fingerprinting is just the same as an actual fingerprint, and the hashing in digital fingerprints serves as the best instrument for verifying the fingerprint. 

The hash helps in offering confirmation regarding the production of output from the hashing procedure. In addition, the hash also confirms that the output of the procedure has not been subject to any unwanted tampering. The verification process generally involves calculations for confirming matches between hashes and the originally published content. Any form of mismatch could clearly showcase evidence of modification or tampering in the output hash. 

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• Applications of Hashing in Blockchain

The use of hashing in blockchain in such cases points out clarity on tamper-proofing. Every new blockchain begins with a genesis block which is responsible for capturing data regarding almost anything that has happened on the blockchain to date. As a result, the output of a hash function directly points out the most recent state of the concerning blockchain. 

It is also important to note that activities are added subsequently to the chain as they happen. Most important of all, the new blocks always capture details associated with the previous block. Any form of modification could change the hash of the chain, thereby helping in easier and precise identification.

Hashing in cryptography and blockchain is primarily a one-way function that features a properly crafted algorithm without any concerns for reversal of hashing process and exposure of original input. Therefore, hashing can provide a substantial advantage over the two-way function in encryption that enables encryption and decryption through the suitable keys or key-pairs. 

Another profound application of hash functions is clearly evident in data structures where you can find bloom filters or hash tables. In such cases, the objective of hashing focuses on faster data lookup rather than security. On the other hand, hash functions also find applications in the context of digital signatures where they are ideal for producing the same output for the same input with a deterministic approach. 

As a result, the use of hashing and digital signature in blockchain could help recipients in recomputing the output of a hash function with the same hash function. The comparison of the message digest with the transmitted digest could help in verifying that the message didn’t go through unwanted modifications in transit. 

Even if the message features minor differences in punctuation, content, or spacing, the message digest in the output would have radical differences. In addition, it is difficult to find out the level of difference between two different messages through comparison of the digest. As you must have understood, the smallest difference in inputs could result in a completely unique digest value. 

So, it is quite clear that hashing has a formidable significance for cryptography in the blockchain. However, the applications of hashing in blockchain have to follow certain important requirements such as,

1. Input could feature variable length
2. Output must have a fixed length
3. The hash function for any specific input presents relative ease of computing
4. Hash function features the collision-free trait, which ensures that you could not have two different messages that produce a similar hash value.
5. Hash function is always one-way and clearly implies the extreme difficulty associated with determining the input by referring to the output.

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• Hashing Algorithms

With a clear idea regarding the significance of hashing in blockchain, it is important to know about hashing algorithms. The secure hashing algorithm or SHA is the most common hash function recommended by the National Institute of Standards and Technology (NIST). The notable successors of SHA such as SHA-1, SHA-2, and SHA-3 have gained profound recognition for their capabilities. Let us take a look at their details.

SHA-1 could take input of practically any length and then generate a 160-bit message alongside processing messages in blocks of 512-bit size. If message length is not a multiple of 512-bit, then the SHA algorithm could pad up the message with data so that it could reach the next closest multiple of 512-bit.

SHA-2 is presently one of the favorite algorithms in the cryptography community, although with certain setbacks like in the SHA-1 algorithm. After its introduction in 2001, SHA-2 has been through substantial changes over the years with the arrival of four variants. The four different variants include SHA-256, SHA-224, SHA-512, and SHA-384, with SHA-256 being a widely adopted cryptographic algorithm. 

SHA-256 can create a 256-bit message digest through the use of 512-bit block size, while SHA-224 utilizes a truncated version of SHA-256 for creating a 224-bit message digest using the 512-bit block size. SHA-512 could create a 512-bit message digest by using the 1024-bit block size, and SHA-384 utilizes a truncated version of SHA-512. SHA-384 can generate a 384-bit message digest by leveraging a 1024-bit block size. 

The SHA-3 algorithms are the latest additions in secure hashing algorithms showing the importance of hashing in blockchain. SHA-3 came into existence in 2015 and fall on the same lines as MD5 algorithm standards. It has the capability to serve as a replacement for SHA-2 while also offering similar variants and hash lengths. The only difference of SHA-3 is that it presents possibilities of better security. 

• MD2- Message Digest

The MD2 Message Digest algorithm came forward in 1989 as an alternative for offering secure hash functions for 8-bit processors. MD2 helps in padding up the message to the length of multiples of 16-bit and the creation of a 16-byte checksum. 

MD4 is an enhanced alternative to MD2 and provides padding for a message to a length that is 64-bit smaller than 512-bit multiples. Subsequently, it could process 512-bit blocks of the message in different rounds for producing a 128-bit message digest. 

MD5 is the latest version of message digest algorithm and could offer the same padding requirements as MD4. In addition, it brings some additional security features which end up reducing the speed of producing message digest. 

Digital Signature in Blockchain

Now, the next important point in our discussion would refer to digital signature in blockchain. Digital signatures are basically cryptographic proof systems that can help in establishing trust on the blockchain. Trust in the blockchain system could ensure proving that the message could originate from a particular source, thereby ruling out any concerns of hacking or other discrepancies. Digital signatures can be considered as the digital counterparts of stamped seals or handwritten signatures. 

However, they are capable of offering better security with the reduced possibility of identity theft or impersonation. Digital signatures follow the specific precedents of asymmetric cryptography by linking two different keys with mathematical links. The keys include a private key and a public key. It is possible to deploy a digital signature system with the help of a secure hash function. The importance of a digital signature in blockchain largely revolves around two primary objectives such as,

1. Digital signatures ensure that the message received by a recipient has come from the sender claiming to have sent the information. The property is known as non-repudiation.
2. Digital signatures also provide assurance to recipients about the fact that messages have not been through any modifications in transit. As a result, infrastructures can find better safeguards against malicious intermediaries or unintentional modifications.  

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Relationship between Hashing and Digital Signatures         

Now that you know ‘what is hashing and digital signature in the blockchain?’ it is important to find out the link between them. In the case of blockchain, a digital signature system focuses on three basic phases such as hashing, signature, and verification. Let us take a look at the working of a blockchain-based digital signature.

• Step 1:

First of all, the blockchain hashes the message or digital data through the submission of data via a hashing algorithm. The algorithm helps in generating a hash value or the message digest with messages differing profoundly in size only to give the same length of hash values upon hashing. As we already know, this is the most fundamental trait in a hash function and exhibits a clear influence on digital signatures. Hashing is mandatory in most blockchain applications for the flexibility in using fixed-length message digests for the complete process.

• Step 2:

The next step in the working of digital signature in blockchain refers to signing. The sender of the message must sign it after hashing of information in the message. At this point of the process, public key cryptography plays a critical role. Many digital signature algorithms offer unique mechanisms, albeit with the single approach of asymmetric cryptography. Since digital signatures are related directly to the content in each message, digitally signed messages are likely to have different digital signatures. 

• Step 3:

The final step in the use of blockchain-based digital signature refers to verification. Recipients could easily check the validity of digital signatures through the use of a public key. The signature could work as a unique digital fingerprint of the concerned message. However, it is also important to pay attention to the secure storage and management of keys for avoiding unwanted circumstances. 

The applications of digital signature in blockchain could help in achieving the important results of non-repudiation, authentication, and data integrity. As a result, hashing and digital signatures have prominent contributions in improving the security of blockchain applications. 

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Bottom Line

On a final note, readers could understand the answer to ‘what is hashing and digital signature in the blockchain?’ carefully. The wide-ranging use cases of hashing and digital signature across the blockchain ecosystem could support different sectors. Some of the notable applications of hashing and digital signatures include the execution of financial transactions and agreements with high security and data integrity. 

The demand for blockchain applications is growing substantially. Therefore, a clear impression of the significance of hashing and digital signature in blockchain can help you leverage their potential. Learn more about hashing and digital signature, and how they related to each other for enhancing blockchain applications.

*Disclaimer: The article should not be taken as, and is not intended to provide any investment advice. Claims made in this article do not constitute investment advice and should not be taken as such. 101 Blockchains shall not be responsible for any loss sustained by any person who relies on this article. Do your own research!

The post Hashing and Digital Signature in Blockchain appeared first on 101 Blockchains.

Blockchain has always been evolving at a rapid pace. Initially, it started with bitcoin, a public blockchain, but soon the organizations learned that they cannot use a public blockchain, new types of blockchain started to arrive.

One of the new blockchain solutions that aim to solve problems for business is Corda. Corda is an open-source blockchain platform that is aimed at businesses. With it, businesses can create CorDapps within the global blockchain ecosystem. To ensure proper utilization, Corda aims to bring transactions directly into the business with the use of smart contracts‘ privacy features. Moreover, they also want to reduce record-keeping and transaction costs, resulting in streaming business operations.

In short, it handles transactions differently, improving scalability, speed and feasibility.

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What Are the Corda Features?

Before we go on and discuss the Corda blockchain use cases, let’s look at some of the key features that Corda has to offer.

• Corda Is Open-Source: It is one of the main features of Corda as everything is open source. That means that the code is available for free under the Apache 2 license.
• Corda Is Open Design: Corda is very agile and flexible when it comes to meet business requirements. This means that businesses can scale with it and ensure proper growth.
• Corda Supports Open Development: Corda is open development which is a robust community of developers that are working towards better functionality, features, and enhancements.
• Proven Features: Corda has proven performance backing it up. It can handle 600 transactions per second and help you cope with the increased activity with the network.
• Highly Scalable: Corda is highly scalable and has the ability to store and process data using a ledger.
• Secure and Private: Corda’s approach is different compared to other ledgers. In this case, you will only share the transaction history when you need it. Also, you can host the nodes inside the corporate firewall so that their information is always secure. Finally, Corda utilizes HSM integration to make sure that the process of signing keys remains protected.
• Cloud-Ready: Corda can be hosted on cloud solutions and can also be set up using Docker for better flexibility and scalability.
• Interoperability: Corda is 100% interoperable and compatible with other blockchain networks and can be used to do transactions. Therefore, it’s one of the top platforms that promote blockchain interoperability.
• Enterprise Integration: Corda is also packaged to integrate with mission-critical systems and enterprise systems.

Corda Main Components

Corda’s main components include the following

• States: They are immutable and are used to share facts between the parties.
• Contracts: The contracts are used to evolve the state and control them.
• Transactions: Transactions are used to make the state change possible
• Corda Flows: It helps manage successful transaction execution.
• Consensus: The consensus algorithms verifies and validates the transactions.
• Corda Node: Lastly, the node manages the flow in CorDapp.

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Best Corda Use Cases

Now that we have a good understanding of what Corda has to offer, we can now get started with the R3 Corda enterprise blockchain use cases. All these use cases of Corda are hand-picked to showcase the capability of Corda in solving different problems.

Let’s get started with the use of cases for Corda.

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Healthcare

Healthcare is one of those sectors that require a lot of improvement. Right now, healthcare is slowly being transformed with the use of a blockchain solution. Corda can provide the necessary means to change healthcare solutions.

One of the biggest issues with healthcare is the fragmentation of stored data and services. This fragmentation can lead to multiple issues, including poor patient care, slow claims processing, and increased frauds. You can solve all these issues with Corda.

You can use Corda to implement the Electronic Health Records (EHR), where the priority is storing and facilitating patient data. With the Corda blockchain for healthcare, the user can interact with the EHR and learn about their decentralised network data. Other members, including doctors and practitioners, can also take advantage of the available data by accessing it with the patient’s permission. You can use publicly available data to do research and solve critical illness problems.

Lastly, Corda’s usage in healthcare also means improved claims management. You can use the claims to improve insurance with healthcare which in itself is a complex process. It takes quite some time to claim insurance. By using Corda, the healthcare and insurance sector can improve customer satisfaction.

This leads us to the end of our healthcare Corda use cases.

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Finance

The next best Corda use cases that we are going to list is the finance sector. The finance sector has been the number one sector that is making use of blockchain. With Corda, the finance sector can create a funnel to secure customer data and do fast transactions. It will improve the whole network with increased operational efficiencies, reduced operational cost and better processing time. It will also increase trust among institutions due to transparency and data immutability. Corda blockchain in payment sector can offer faster transactions which can come in handy in times of need.

The finance sector has been completely transformed by blockchain technology, and Corda seems to be the right choice for it. That’s why we think finance is one of the strongest Corda use cases out there!

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Capital Markets

Capital markets can also benefit from the use of Corda. In most capital markets, there are issues with the different aspects of the life cycle. It still continues to be error-prone, with inefficient systems powering it. On top of all of these, regulatory burdens make it even harder for the systems to work as efficiently as possible. Because of all of these, existing and new markets feel pressure and need a solution for it.

With Corda blockchain usage, the capital markets can see an improvement in their process with the removal of inefficient ways. The entire lifecycle will be boosted with the use of blockchain. This will also help the markets attract global investment and instil trust among the different entities.

As Corda can work in mission-critical environments, it is no doubt that it can work in capital markets.

Digital Assets

Digitalization is also an integral part of the growing future. With digital assets rising, it is important for organizations to use a blockchain solution that is capable of handling the transformation with an efficient way of storing, handling and processing those assets.

Corda is a perfect candidate when it comes to managing digital assets. It can ensure proper transactions with improved scalability, security, and reliable controls to manage digital assets.

With Corda, it is also easy to develop digital asset systems like central bank digital currencies that you can use in institutional settings and work upon with developers’ tools and standards. The assets also benefit from key features such as atomic transactions, which means that you can’t duplicate the assets and instantly settle transactions between participants.

Lastly, Corda also supports the assets natively on their market and improves their scalability, privacy, and identity.

Digital Identity

Another use case of R3 Corda is digital identity. Digital identity is a big issue in the current world. It is easy for anyone to copy digital identity and do data theft.

Companies also need to make sure that they have proper ways to secure personal data so that they can win the trust of their users. The current approach is not perfect. It is plagued with poor data management and sharing personal data.

Clearly, adopting DLT/blockchain is one of the best ways to manage digital identity, and Corda is a good DLT to solve it. Even though there are a few blockchain adoption challenges to overcome, still the benefits outweigh the flaws. By using Corda, companies can make their digital identity management to run without any inefficiencies and flaws. It can take care of digital identity verification, collection, and other management lifecycle tasks.

Corda’s choice for digital identity is really great, and you can back it up with the fact that it offers a secure distributed network of data, which makes sure that it can keep sensitive personal data off-chain. Furthermore, it can streamline the process by ensuring that the identity provision lifecycle runs as intended. It also works with corporate KYC and self-sovereign identity. Lastly, the decentralized framework minimization and end-to-end encryption simplify the verified identity access.

The digital identity problem is one of the use-cases that are common among other blockchain technologies, including Corda use-cases.

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Energy

Inefficiencies are also plaguing the energy sector very much. Not only that it also suffers from assets low traceability, trust among counterparties, manual documentation practices, outdated and painstaking contract disputes.

To solve all of these, the energy companies need to make sure that they use DLT or blockchain technology to reshape how the energy sector works. They can use it to change back-office systems, energy trading, peer-to-peer interactions and digitize assets. On top of all of these, they can make everything efficient.

Corda seems to be a great choice for the energy sector as it helps digitize energy into digital assets. Once done, energy as an asset can be shared and traded with ease. It also supports the tracking of renewable energy certificates and carbon credits, making it easy for players to work towards a better future. Moreover, with it, anyone can verify the identity and ensure that safety training and permits are there to meet the complaint. The immutable record also goes a long way as it ensures the right mineral and ownership rights.

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GovTech

Governments are very keen when it comes to managing their assets and process. Right now, their way of working is not so good. They lack trust and also have to invest tons of money in managing their current systems.

Blockchain for government offers a way to improve efficiencies among their systems by ensuring proper trust, transparency, and collaboration. Using blockchain like Corda will remove the abuse, mismanagement, abuse, fraud, and waste within the old system.

So, how does Corda help?

You can use Corda to enable every level of Corda, including state, local, and federal, to make their systems more responsive, reliable, and efficient and use them to serve society better. They can also improve transparency as the public can check transactions using the tools made available to you. The government can model currency on the ledger and let users use it as digital money, improving how money flows and having better control over it. Lastly, the immutable records will help them resolve conflicts as well.

The government always need something unique and revolutionary to change their systems, and this is one of the best implementations of Corda use cases.

Insurance

The insurance sector seems to be also suffering from an inefficient system. If you try to do insurance, it can take anywhere between a few days to weeks for you to get it. Claiming insurance is another story where the claimer needs to go through a lot of paperwork to process their claim.

In short, there are plenty of challenges that the insurance sector is currently suffering from, including inefficient contract placement, disparate data sources, and extensive manual intervention. All of these simply make the claims process complicated, and the whole process is stressful and costly.

Corda blockchain for insurance sector with a network where every player, including brokers, cedants, insurers, reinsurers, can work together and interact securely and instantaneously. Corda supports the seamless transfer of assets, which means you can settle insurance within the network. The process is also cost-effective as it can remove the resources necessary to do administrative work and auditing.

All of these make Insurance one of the best Corda use cases out there.

Supply Chain

The supply chain is at the core of every industry out there. It is also complex, which makes it hard for businesses to manage it. Even though supply chain management works great for some scenarios, most of the time, it suffers from the inefficiencies related to it. For example, players such as suppliers, logistics providers, and corporate buyers have limited visibility when it comes to the movements of goods and their origin.

With DLT, such as Corda blockchain for supply chain, it can have real-time accurate location tracking for the assets. This will solve most of the supply chain issues, including oversupply, under-supply, frauds, and so on.

You can use Corda’s smart contract to track the supply chain and verify the information whenever possible. It gives all the stakeholders the required transparency.

One more thing that makes Corda an interesting pick for solving supply chain problems is permissioned blockchain. Here, regulators can access information, and the business can also carve the chain according to regulations.

Other key benefits of using Corda are better visibility, better efficiency and streamline record-keeping. In short, the supply chain is one of the best R3 Corda use cases.

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Telecommunications

We live in a connected world where telecommunication is very important. It governs how we connect through wireless and wired connections. However, not everything seems to be right in telecommunications, where major players are suffering losses due to mismanagement, inefficiency and other issues, including communications software, hardware, and settlements.

Not to mention, new wireless technologies evolution keeps the telecommunication industry on its feet which requires them to invest billions of dollars every few years.

Corda can help evolve telecommunications to a whole new level. It can provide a scalable, secure and efficient platform for sharing logic, data, and records. It also ensures better streamline KYC where it will become easy for the companies to onboard customers and help do settlement faster and easier. Moreover, atomic swaps make transactions easy and non-risky. Lastly, the whole use of Corda can reduce costs and improve scalability.

Construction

One of the widely known use cases of Corda is in the construction industry as it impacts privacy, workflow and identity properties.

Corda will be able to solve some of the core problems in construction, such as how contracts always delegate their work to sub-contracts, where the sub-contractors also do the same and pass their work to other contractors — leading to a chain of contractors that do not know what the actual client wants. Not to mention, the process also leads to profit-sharing, which in return leads to bad quality of work.

With Corda, contractors or clients can learn to transmit information down the chain and enable them to track contractors’ work. They can solve it by creating contracts and making sure that they agree to the jobs and get the payment after completing the work. The parties will also not be able to do frauds because of proper data distribution.

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Conclusion

This leads us to the end of our top Corda use cases. As you can see, Corda can offer a lot of use cases for various industries. This opens up a lot of opportunities for industries and sectors to grow and eliminate any underlying issues. Obviously, the only blockchain can’t solve all the problems. But it’s a good start.

Any novice who is aspiring to become a blockchain expert and wants to learn more about Corda should check out our Corda development course, as it offers a more in-depth analysis of the Corda ecosystem.

*Disclaimer: The article should not be taken as, and is not intended to provide any investment advice. Claims made in this article do not constitute investment advice and should not be taken as such. 101 Blockchains shall not be responsible for any loss sustained by any person who relies on this article. Do your own research!

The post Top 10 Corda Use Cases You Should Know About appeared first on 101 Blockchains.

The demand for blockchain expert skills keeps rising every single day. At present, many enterprise companies are looking for professionals with the blockchain knowledge base. More so, as there are only a handful of professionals who knows how to handle blockchain networks, the necessity of blockchain experts is at an all-time high.

Usually, the pay rate for this position is relatively high, even can even higher than typical software developers.

Obviously, if you can get blockchain expert certification, then your chance of landing a good job is high. That’s why we are here to help you understand how to become a blockchain expert.

So, stay tuned and follow the guidelines properly.

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Who is a Blockchain Expert?

First of all, let’s start with who is a blockchain expert in the first place. In simple terms, a blockchain expert is someone who understands how all of the blockchain platforms work, is a master of programming languages and can integrate solutions in enterprise businesses with enterprise blockchain solutions.

More so, he/she is capable of handling all the protocols and rules that a blockchain solution follows. Furthermore, a blockchain expert knew the fundamentals of blockchain and can use his/her knowledge base to implement new business models.

Also, a blockchain expert would have to know — the basics of blockchain technology, smart contracts, blockchain security, consensus algorithms and methods, use cases, and so on.

Without these pieces of knowledge, you can’t possibly be a blockchain expert.

Thus, knowing how to become a blockchain expert is absolutely crucial.

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Blockchain Expert Salary

Before we move into the steps you need to take to become a blockchain expert, let’s see what the salary status is for blockchain experts.

As you can probably guess, the salary status for blockchain experts is quite high. In reality, the increasing demand for their expertise keeps rising every single year. And as a result, the salary range keeps on increasing as well.

Anyhow, it typically ranges from $68k to $108k every year! Also, if you are just a newbie, you can expect to start with more than $60k each year in a company. Thus, the more experienced or skillful you become, the more your salary will increase.

Many enterprises are willing to pay a handsome salary to hire you. So, if you can show that you have the caliber to pull off all of their expectations, then you may get more salary than we anticipated.

Eventually, it all comes down to the company itself.

Anyhow, enough about the certified blockchain expert salary, let’s see how you can actually harness all the skills for blockchain experts.

So, let’s check out the next part in this how to become a blockchain expert guide.

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Blockchain Expert Jobs: Steps That You Need to Take

There are certain steps that you need to take in order to get jobs for blockchain expert. So, check them out and make sure to follow them as well.

Learn About Technology and Enterprise Businesses

Jobs for blockchain expert actually demands a high knowledge base on both the blockchain technology and business models. If you only know how to use the technology or how you can develop the technology, you can’t land a good job in big companies.

Why? Well, you have to understand how these companies drive their business so that you can use your solutions to make it more efficient.

In reality, only knowing to couple these both sectors can you truly achieve the expertise in it.

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Understand Decentralized and Distributed Ledgers

Understanding distributed ledgers or decentralized networks is very important. You have to understand how both of these technologies differ and where you should use them. So, you should start to go through how these different ledgers work.

More so, you should understand how to use these solutions in certain scenarios as well.

Without studying the whitepapers or using a course to learn about it, understating them would be a tough call.

Thus, joining a course can also benefit you greatly as well.

Be a Specialist in Various Programming Languages

Well, you can’t become a blockchain expert if you don’t know how to use programming languages. So, learning about different programming languages is also necessary. More so, this is one of the necessities for your successful lifestyle.

In all the jobs for blockchain expert, being a specialist in various programming languages is compulsory.

Thus, you should definitely focus on learning Python, JavaScript, C++, Java, Solidity, and so on.

Develop Your Cross-discipline Broad Skills

Well, having only technical knowledge won’t help you in landing a good job. You have to be eager to develop your cross-discipline broad skills as well. What are these skills, you ask? Well, these skills are mainly creative thinking, adaptability, analyzing efficiency, agility, DevOps, and so on.

As you probably understand, without these skills, you can’t strategize for your blockchain solutions.

Thus, developing them will help you showcase your talents even more in the interview process.

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Study Different Blockchain Platforms

Start to study different blockchain platforms. In reality, not all blockchain platforms actually, work the same way as you may think. More so, there are certain platforms that work completely differently than the general idea.

So, you need to learn about them as well.

You will need this when you strategize for your companies next business solution using blockchain.

So, make sure you know how all of them work.

Learn About Enterprise Business Processes

Well, jobs for blockchain expert requires learning about enterprise business processes as well. If you want to work in a top-notch company, you have to offer them a skill that they can’t refuse. And knowing about their business processes is one of them.

So, make sure to study how different companies work or how they do business and stay relevant in the market.

Also, it will help you to bring up innovative ideas that will drive more business to your company as well.

Know-How to Solve Blockchain Enterprise Problems

Enterprise companies have a lot of issues. When you start using completely new technology in the existing business model, you will face many problems. But if you don’t know how to solve them, that can lead to a lot of other issues.

More so, these companies are looking for experts who can solve any problems fast. It might seem like a hard task, but if you are updated with all the technical aspects and business aspects, you can easily do it.

Understand Blockchain Architecture Patterns

The next step in your journey is to understand how the different blockchain architectural patterns work. So, to do that, you have to dissect them one by one and take a look at the core of them.

You don’t necessarily have to become a blockchain architect, but make sure you go through case studies as they will help you out greatly. Also, you can always take part in online courses to understand these patterns as well.

Anyhow, this step is really important. So, never skip this one.

Learn About Blockchain Ecosystems and Standards

Different blockchain platforms use different standards. It’s important that you learn about all of them. In the future, you may have to integrate interoperability between other networks. So, if you use any new standards that can create a lot of problems for your solutions.

Thus, learning to use common standards and understating them is a huge plus point. To be frank, you have to study different blockchain ecosystems as well.

Anyhow, hopefully, with us, you will learn about these in no time.

Get A Blockchain Certification

Expert blockchain certification is a must for blockchain expert jobs. Actually, a certification can really boost up your CV. More so, it’s a great way to showcase your talents in your interviews.

I mean, it’s a great way to let them know that you know what you are doing. More so, you can always ask for a high salary using this certification as well.

Obviously, if you can get blockchain expert certification, then your chance of landing a good job is high.

Learn to Use Blockchain Development Tools

Another important step essential in jobs for blockchain expert is the use of blockchain development tools. When you work in an enterprise environment, you will have to use many tools to streamline your work better.

But you can’t do that if you don’t know how to use them in the first place. So, a blockchain expert must learn to use these tools. In reality, these tools or templates will make your life much easier. More so, they will help you complete a solution much quicker than expected.

Sign Up for a Blockchain Course

The best thing you can do is to sign up for courses on blockchain. In reality, a blockchain course can really help you understand and skill up faster than you anticipated.

These courses are equipped to help you learn about technology and also how you can use this technology for your own benefit.

However, make sure to go for legitimate courses, as fake courses can truly hamper your CV as well.

We are recommending you to try out our courses, as we offer the best of the best-updated information in the market.

Why Go for Blockchain Expert Certification?

You must be wondering if going for a blockchain expert certification is the right choice? Well, to be frank, a blockchain expert certification can really boost up your CV. More so, it’s a great way to showcase your talents in your interviews.

It’s a great way to let them know that you know what you are doing. More so, you can always ask for a high salary using this certification as well.

There are many other reasons to get a certification. Let’s see why you should go for it.

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Revolutionary Future of The Technology

Let’s start off with the basics. We all know that blockchain is one of the revolutionary technologies that’s going to change the way we see the future. However, at present, only 0.5% of people are using this tech.

On the other hand, over 3.77 billion people use the internet as of today. So, think about the vast opportunity that you can get from this perspective only.

Blockchain experts can easily understand how things are working and how you can use this tech for your own benefit. And that’s a hell of a reason to get a certification.

High Demand for Blockchain Experts

There’s always a high demand for blockchain experts nowadays. As there are fewer people who are cut out to become an expert, companies are looking for professionals who can take up the job responsibilities.

In reality, blockchain technology isn’t a simple technology, to begin with. Thus, only a handful of people understand how it works.

Therefore, getting a certification can really make a difference in becoming a blockchain expert.

Enormous Business Infrastructure

You can use blockchain in almost anything. Come to think of it, blockchain is creating a new business infrastructure. More so, this infrastructure isn’t small at all. Only blockchain experts can fully take control of the opportunities and use them for their own benefits.

This infrastructure is capable of molding any company into a completely different business path. More so, it’s something that has the potential to increase the revenues for good.

Smarter Investment Knowledge Base

Only when you understand how the technology works, you can truly use it to do smarter investment plans. In reality, investing in blockchain technology at the moment may seem like a risk.

More so, not all the solutions are worth the risk, and you have to understand the differences between them as well.

Also, cryptocurrencies are a huge part of this as well. If you are eager to invest in them, mind as well gets certification on it for better judgment.

Securing Potential Vulnerable Information

Network security is always the topmost concern of any company. In reality, cyber threats are prominent and keep growing no matter what measures we take. So, how can we stop criminals from hacking into our systems?

Well, blockchain seems to have the perfect answer. It’s more than capable of handling any breaching issues. So, if you are looking for a way to secure it or want to use blockchain for your security project, then getting blockchain expert certification is the best option.

Massive Industrial Opportunity

Blockchain is dominating the industrial markets. More so, the banking sector isn’t the only sector that can use blockchain. Other industries such as healthcare, supply chain, retail, government sectors are also getting a massive boost from it.

Do you what that means? It means that you can seize this opportunity and drive your business from it. But for that, you have to understand the concept of blockchain and how you can use it.

So, blockchain expert certification is the perfect call for it.

Integration with Other Technologies

You know blockchain goes hand in hand with other technologies as well. In reality, blockchain is not the only emerging technology. There are already some potential technologies that can work more efficiently with blockchain.

So, if you are working on those technologies and want to integrate blockchain with them, you should surely learn about them from the very start.

Thus, a certification will help you out greatly in this matter.

Skill Up Faster

Certification is the best way to skill up faster in this changing world. In reality, doing everything on your own without proper guidance can take a lot of time. In many cases, most of you may not even know which path you should take or what skills are suited for the real working experience.

Thus, newbies can suffer a lot despite trying their best to get a good job in this sector. However, a blockchain expert certification will definitely guide you to your rightful path.

High Job Prospects

To be frank, the job market for blockchain experts looks a lot brighter than other jobs. Starting from crypto companies to more established enterprises everywhere, there is a high demand for it. Also, you can expect to get good job positions as well.

In reality, these job posts are highly respectable and desirable, as well. You will surely love the additional facilities that come with these positions.

Take Control of The Disruption

Blockchain is disrupting how we are conducting business in this world. In reality, blockchain is going to change almost every single industry by 2030. So, if you aren’t prepared for it, then how can you plan to stay in the race of revenues.

Thus, only becoming a blockchain expert will lead to you taking control of the chaos it will bring. Therefore, only then can you use this tool and stay in the race.

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Become A Blockchain Expert with These Blockchain Courses

Certified Enterprise Blockchain Professional

This blockchain course is perfect for blockchain expert jobs. In reality, our certification course will focus on helping you teach how blockchain works and how you can use it in enterprise solutions.

It will also cover how blockchain is affecting certain industries and how you can use that for your benefit.

In short, this certification course is perfect for your blockchain journey.

Course Overview

Fundamentals of Blockchain Technology

• What is blockchain?
• How does blockchain work?
• Proof of Work
• Private and public blockchains
• Smart contract

Detailed Analysis of Different Enterprise Blockchain Platforms

• Hyperledger Fabric
• Ethereum
• Corda

Trade Finance and Blockchain

• Different trade finance blockchain solutions
• Fundamentals of Ripple
• Cryptocurrencies and crypto assets

Blockchain Applications for Enterprise Industries

• Blockchain and supply chain management
• Blockchain-digital-transformation
• Blockchain supply chain real use cases

Top Blockchain Use Cases

• Real-world companies using blockchain

There are also certain bonus materials for you as well.

Enterprise Blockchains and Supply Chain Management

This is another great course for getting blockchain expert jobs. In this blockchain course, you will understand how to use blockchains in supply chain industries. So, if you are eager to work in this industry, make sure to give our course a chance.

Here, you will get everything you need for your supply chain and blockchain expertise.

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Course Overview

Introduction to Supply Chain Management

• What are the supply chain and supply chain management?
• What responsibilities does the supply chain manager perform?

How You Can Create Value In SCM?

• Analyzing your corporate value with the help of working capital
• Analyzing your SCM models and using EVA (economic value added) model
• Supply chain management and working capital relation

Real Use Cases for Supply Chain and Blockchain Integration

• How blockchain is impacting supply chain management?
• Blockchain applications in supply chain

Implementing Blockchain-Based Supply Chain Management Solutions

• Process of implementation

There are also certain bonus materials for you as well.

Enterprise Blockchains and Trade Finance

If you are interested in getting blockchain expert jobs in the trade finance sectors, then this course is perfect for you. In reality, in this course, we will cover everything related to trade finance and blockchain.

We will start with different elements of trade finance and slowly help you strategize about the solutions as well.

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• Course Overview

Introduction to Trade Finance

• Fundamentals of trade finance
• What are the issues of trade finance?

How Blockchain Is Impacting the Trade Finance Industries?

• How blockchain can benefit trade finance companies?
• Evaluating trade finance blockchain initiatives
• Dissection of different blockchain platforms for the trade finance sector

Blockchain Changing Different Elements of Trade Finance

• Letter of Credit (LC)
• Cross-border-payments
• Bill of Lading (BoL)

Blockchain Applications in Trade Finance

• Trade
• Marco Polo
• TradeLens
• Contour

Different Developments in Blockchain Trade Finance

• Digital Standards Initiative
• TradeTrust

Enterprise Blockchains Templates

As you already know, learning about blockchain templates or development tools is a must in blockchain expert jobs. So, that’s why we are bringing you our ultimate collection of blockchain templates.

Not only are you getting the templates, but we will also tell you how you can use them precisely. So, you see, these templates will surely help you streamline the development of your solutions.

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Our Template Collection

• Do you need a blockchain?
• Blockchain Project Readiness
• Presenting an Enterprise Blockchain Project
• Mapping Supply Chain Business Vs. Enterprise Blockchain

There are also certain bonus materials for you as well.

Start learning Blockchain with World’s first Blockchain Career Paths with quality resources tailored by industry experts Now!

Conclusions

Blockchain is a new technology that will change the world. In any case, you can’t overlook what it’s doing or what it will achieve in the future. If you want to seize this opportunity, then you should go for blockchain expert jobs that will secure your future for good.

Well, now you know how to become a blockchain expert. We are pretty sure that if you follow our guidelines, you will definitely shine as an expert in enterprise companies.

Also, make sure to check out our collection of courses as we offer the best of the best in the market. We do boast about the quality of our courses, and we know for sure that these can help you in your career path to become a certified blockchain professional.

*Disclaimer: The article should not be taken as, and is not intended to provide any investment advice. Claims made in this article do not constitute investment advice and should not be taken as such. 101 Blockchains shall not be responsible for any loss sustained by any person who relies on this article. Do your own research!

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