by Anika D | Jun 9, 2022 | Blockchain, General
Environmental problems have become a serious concern in today’s world. Be it climate change, ozone depletion, or pollution, if we start talking about the environmental crisis, the list could go long! Speaking of which, did you know how can blockchain solve the environmental crises?
Although governments and specialized agencies are looking through it, any technology that helps out to control these concerns isn’t worth missing! From recycling to non-profit donations, it can play a crucial role in various environment-oriented things! Wondering how? Read through:
How Can Blockchain Solve the Environmental Crisis?
Here are some ways through which blockchain can solve the environmental crises:
Sustainable Supply Chain Practices
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Blockchain technology can maintain transparency in the supply chain by tracking and preventing any waste during the manufacturing process. It can guide the consumers through the production and shipment methods of the products. That way, it will become much easier for the buyers to know whether they are making eco-friendly decisions or not.
Better Transparency
In 2020, the earth’s surface temperature was 0.98 degrees Celsius more than the 20th-century average. This signifies a common and important environmental concern called climate change. Problems like climate change require accurate information for coordinated action. But, being a global concern, it also leads to various fake news and misinformation.
So, it’s important to be careful about the same. For example, no two stakeholders must claim carbon credits for similar carbon-offsetting activities. Else, there will be an ownership issue!
The best way to combat such an issue is to opt for ownership verification. Such strategies will be much more reasonable. Blockchain can also be a useful technology in integration with IoT devices. It can help to know about any carbon-offsetting activities and provide new information sources. So, this is an important answer to how can blockchain solve environmental crises.
Non-Profit Donations
When you donate money for an environmental cause, you have the right to know how it’s being used. Whether it’s used for a good cause or it fell prey to any corruption, it’s important to be aware of the same.
Keeping the possibilities in mind, blockchain technology can ensure that such corruption does not take place. Blockchain money could be transferred automatically to the correct party to avoid any fraudulence in between.
Additionally, blockchain’s benefit of transferring funds without bank accounts can be useful for countries with no bank infrastructure. It can cut down the hassle of money transfer to the centralized authority and ensure that the money gets transferred to the receiver themselves. This means anyone can make donations around the world. Presently, the environmental and animal charitable trusts saw an increase of 7.2% to $11.83 billion, which is 3% of all donations.
Effective Sustainability Evaluation
Blockchain can also help with better evaluation and reporting of sustainability in the coming future. It can help the companies to control and enhance their performance. Also, it can encourage investors to make knowledgeable decisions. Smart contracts can ensure automatic data collection and management.
By combining blockchain and greenhouse gas accounting, people are likely to see effective carbon taxation. That’s because such mechanisms depend on accurate/reliable GHG emission data and blockchain can offer the same.
Conclusion
So that was all about the benefits of blockchain for the environmental crisis. Other than that, blockchain can also be used in other environmental domains like wildlife protection programs. It’s a power-packed technology that can help the environment to improve with time.
by Anika D | May 17, 2022 | Blockchain
Cryptocurrency is witnessing a tough phase globally, and ups and downs have always been part of its journey. Crypto has not fallen for the first time but for the fifth time in history. All the falls led to an increase in price-market capitalization. So, once again, history has repeated itself. Well, it’s a loss for many, but some still believe that it will rise again.
So, let’s look at what Goldman Sachs says about the U.S. economy and the Crypto crash.
What Goldman Sachs has to Say?
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The leading e Goldman Sachs Group, Inc. is a global investment banking, securities, and investment management firm that reacted to the Crypto failure. So, the group said that the drop in cryptocurrency prices would not affect the U.S. economy.
New York City-based multinational, in the report, said that the fall of cryptocurrency is quite small compared to the net worth of America’s household and thus doubtful to generate severe harm.
They further added that we estimate that U.S. households possess about one-third of the global crypto market. If so, the current downhill is very little compared to U.S. household net worth, which was $150 trillion as of last year. We, therefore, anticipate any drag on aggregate spending from the current falls in cryptocurrency prices to be very miniature as well.
“This [the downfall] has prompted questions about whether this drop in wealth might affect spending and labor supply in the U.S.,” the note said.
They further stated that the U.S. labor force participation rate would be low because the labor force participation rate of younger men—who mostly hold cryptocurrencies—has already fully recovered to its pre-pandemic level.
What Led to Turbulence in Cryptocurrency Value?
Everyone knows that the cryptocurrency market saw a huge fa,l recently. Bitcoin is the largest digital element by market cap and currently trading for lower than $26,000. However, the value is 57.83% lower than its November 2021 all-time high of $68,789.63.
Crypto was making advancements in every field by launching crypto trading bots, and it is still on its way to rising again.
Su Zhu of Three Arrows Capital tweeted that LUNA’s failure was due to its execution, not its fundamental value proposition. However, Zhu proudly shows the #LUNA hashtag on his Twitter profile.
How Will Crypto Make a Comeback?
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There are many interesting crypto predictions to watch out for In 2022 as it may believe that the industry has seen many ups and downs and still come back stronger.
The great news is that despite the downfall, the many investors are not panicking as they were aware of the scenario revolving around Luna and Terra. Many investors were withdrawing money. Even after a rough week, the market has overcome the shock and gradually returned and learned from the mistakes.
In Last Words
Crypto has seen its share of ups and downs, but the industry has many advantages. With nearly 12,000 different kinds of cryptocurrency, the sector will come back more reliable and strong and learn from its mistakes. So, keep reading to know every update about cryptocurrency and crypto crash here!
by Anika D | May 6, 2022 | Blockchain
Time does not wait for anyone, and financial markets are the same, especially when discussing cryptocurrency trading. Therefore it is essential to have a reliable, safe, and carefully calibrated strategy. Cryptocurrency never stops like a traditional stock market. Thus private traders can’t track the market fluctuations, alter risk, minimize errors and ensure trading discipline 24 hours a day. Unless you have some help, that is where crypto trading bots play their role.
What are Crypto Trading Bots?
Crypto trading bots are programs designed to automatize cryptocurrency trading on your behalf. As an investor, you will have to pay proper attention to the market statistics. It plays an essential role in practicing trading and picking a cryptocurrency to purchase or sell and at what time.
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Crypto trading bots can quickly automatize the analysis and interpretation of market statistics. They collect data from the market, interpret it, calculate the market risks and execute the buying or selling of assets. It is similar to hiring an expert to perform crypto trading for you while you sit and watch the profit growth.
Types of Bots
There are several cryptocurrency bots, but the most popular is the arbitrage bot. It is a tool that checks the prices across exchanges and does trading to take advantage of errors. The cost of cryptocurrency like Bitcoin often varies from exchange to exchange. So, bots that can move fast enough beats the exchanges that delay their price updates.
Other bots use historical price data to test the trading strategies offering investors a leg up. Still, other bot’s programming makes them execute trades at certain signals like price or trading volume.
Benefits of Crypto Trading Bots
Here are some advantages of crypto trading bots:
There is a certain limit to the data amount a trader can process at a time. Moreover, even if you process all the data, it is challenging to seek insights based on such data. However, crypto trading bots can easily handle such tasks and reach feasible conclusions.
Trading cryptocurrency using bots is considerably more efficient. You don’t need to worry about delays and human errors. Once the bot receives correct data, it can trade assets 24×7 with more profit.
The crypto trading bot makes every decision based on perceptions. But, unlike humans, it does not fear loss and greed for profit. Experienced traders may make wise decisions by overpowering their emotions, but it may not always be the same. On the other hand, the trading bot always keeps the emotions equation far away and crypto forecast smartly.
5 Steps to Build a Crypto Bot
Before you continue to build your crypto trading bot, realize what you want to create is a marketplace or a constructor. The following are some steps to create a crypto bot:
Step 1: Discovery
Start with defining an ICP (ideal customer profile.) There are two main targets for crypto projects: Novice and Pro traders. It would be best to decide which group of users the crypto bot will serve. Then, based on that group, you can prioritize features picking those with immediate impact on ROI goals.
Step 2: Design
First, prepare the user interface and work through the product experience. Then, start jotting down user journey points and predicting the minimum number of steps the user should take to achieve the goals.
Step 3: Development
After design verification, continue coding. While making a cryptocurrency bot, code a few things like:
- front end for consumers
- back-end with trading algorithms
- admin portal
Step 4: Testing
Testing a trading bot is not trivial. First, no one prefers losing funds while running QA rounds. Second, a bot working with a decentralized crypto exchange requires attention.
Step 5: Deployment and Maintenance
Deployment means moving the server-based software to the cloud’s live production environment, already stress-tested. Maintenance implies keeping the software up-to-date. With time, you need to include new features, fix problems, comply with the latest updates, etc.
Are Crypto Trading Bots Worth It?
It depends on various factors like trading experience, time for manual trading, and portfolio size. A crypto trading bot is a great way to learn the ropes if you are a beginner. They can allow you to make informed decisions and avoid making costly mistakes.
by Anika D | Mar 9, 2022 | Blockchain, Emerging Technology
With the emergence of cryptocurrency, there are a lot of speculations in the industry. It causes significant price change and attracts various investors who want high returns. At last, regardless of price changes, there are several developments in the crypto world. All significant organizations are migrating to the crypto world, starting from traditional finance companies to the technology sector. So, cryptocurrency is not going anywhere in the coming future. Here are the top 5 crypto predictions for 2022:
Bitcoin will Outperform
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The price of Bitcoin has dropped to 41 % in the last few months. But such drops are nothing for BTC holders. With the news of Microstrategy buying the dip, Bitcoin seems to bounce higher in the coming year. Several experts have predicted that it can rise up to $100 K, mainly as government and financial institutions include it in their balance sheets. Therefore, bitcoin will likely outperform with an increase in the stock market in 2022.
Ethereum’s Predictions
Ethereum is the second-most-valuable cryptocurrency in the world. As per the current scenario, Ethereum’s blockchain can process 30 transactions per second at max. As a result, it improves the platform’s reliability and reduces transaction fees. Experts believe that it will do well in 2022 due to the surge in NFT sales volumes.
Shiba Inu Performance
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It is one of the high-performing cryptocurrencies. According to Coinmarketcap, its digital currency priced at $0.000000000078 at the start of 2021. Then, till November the same currency rises to $0.0000312. It means Shiba Inu generated profits of nearly 40 million% in less than 12 trading months. However, there is plenty of upside potential pending with this token.
Dogecoin Predictions
Once DOGE began as a joke. But now, it has become one of the most valuable cryptocurrencies in the world. It reached almost a high of $0.70 in 2021, and it shows no sign to stop. Moreover, with its current acceptance as a payment form by Tesla, many analysts believe it can eventually surpass $1. So, it will make its way to the recognizable territory.
Polygon (MATIC)
Polygon (MATIC) is a special coin created to scale Ethereum. Polygon’s ultimate goal is to ensure integration by joining all Ethereum-based decentralized apps. Network validators fully protect the transactions of MATIC. Thanks to its low threshold, potential investors may find it exciting as you need only two MATIC coins to start staking. To do it, connect your MetaMask wallet to the Polygon wallet. The predicted annual return relies on the number of coins you stake.
Closing Thoughts
Now you can guess what value cryptocurrency can have for all investors in the future. But the reality is it is still a speculative investment, without any history for predictions. So no matter what an expert says, no one can really know. Therefore, it is essential to invest only what you are ready to lose and make conventional investments for the long term. Make small crypto investments and never put them above other financial goals like paying off high-interest debt or saving for retirement.
by Anika D | Mar 7, 2022 | Blockchain, Cybersecurity, Emerging Technology, Industrial IoT
The worldwide military apparatus undergoes significant transformation to strengthen capabilities. Some of the latest technologies like Artificial Intelligence, Robotics, and the Internet of Things optimize military efficiency and defense operations. Nowadays, hybrid approaches replace traditional warfare. The latest technology trends are transforming battlefields in the aspects like lethality, connectivity, sustainability, and autonomy.
Connectivity solutions mark concerns like how to communicate or direct operations. In addition, advances in weapons and missiles improve lethality, making effective battlefield operations. In the case of autonomy, companies utilize AI and robotics to execute strategies without human interference. Finally, startups are increasing sustainability with technologies including electrification and additive manufacturing.
Some of the emerging technologies that advance the defense field are listed below:
Artificial Intelligence
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The usage of AI in the army boosts computational military reasoning for ISR (intelligence, surveillance, and reconnaissance) missions. It empowers autonomous weapon systems and enables equipment safety management resulting in minimum casualties. By controlling machine learning and digital twin technology, defense manufacturers check new military product iterations and allow predictive military assets maintenance.
Advanced Military Equipment
Defense is making more advanced and sophisticated defense equipment to counter increasing threats. Innovations starting from space militarization to directed energy weapons are underway. Moreover, the defense industry is placing its goal to achieve net-zero emissions.
For example, it invests in electrification methods by using electric propulsions in military aircraft and testing hydrogen fuels. In addition, many companies are advancing research in nanotechnology and biotechnology for creating equipment like self-healing armors, etc.
Internet of Things (IoT)
Applications of IoT in the army include connecting planes, ships, drones, soldiers, tanks, and operating bases in the cohesive network. It enhances perception, response time, and situational awareness. AI, 5G, and Edge computing support the smooth data flow across all military branches, strengthening the control and command structure.
Big Data Analytics
The warfare future depends on information and the ability to extract in-depth knowledge. Army with the capabilities to pull out the critical data quickly and accurately and then securely spread the information will have an advantage. Big data analytics decipher insights from the various sources to do that.
Cyber Wars
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Military systems are most vulnerable to cyber-attacks that potentially lead to classified military information loss and army systems damage. Over the last ten years, the severity and frequency of cyberattacks have increased.
As a result, related army equipment security for significant institutions and nuclear security are substantial areas to deal with. In addition, militaries are developing aggressive cyber warfare capabilities, from ransomware and malware to phishing attacks.
Blockchain
Blockchain offers information security while sharing relevant data with the concerned parties. Therefore, defense startups create blockchain-based solutions to save confidential military data and prevent cyber threats. Its other applications in the defense industry include procurement process streamlining, supply chain security, and device tracking.
Final Thoughts
Understanding that the war landscape changes exponentially with new technologies is essential. For example, intelligent systems, lethal autonomous weapons, and AI are significant drivers for offensive and defensive army capabilities. Therefore, companies make dual-use technologies and military modernization solutions for civilian and military benefits.
by Anika D | Feb 9, 2022 | Blockchain, Emerging Technology, General
Nowadays, Blockchain is a trending disruptive technology. It is due to the close connection of this technology with the cryptocurrency industry. This put a direct impact on the financial trends of organizations.
Blockchain disruption is one of the major shifts this year. People from all walks of life are getting involved either in buying cryptocurrency or supporting projects like Ethereum, NEO, Bitcoin, and others. Further, a record five social network giants are defending against the disruption of blockchain.
Scroll down to get a broader idea of how these networks are transforming their businesses with blockchain technology.
Twitter
Twitter is America’s third-largest social network. It is the platform where Elon Musk shamelessly pumps crypto coins. In 2021, there were 220 million tweets about NFTs, and in January 2022 alone, there were 60 million more tweets for the same. In November, crypto to-obsessed CEO Jack Dorsey left, but Twitter is still focusing on a decentralized future. It is focusing more on creative tools, tipping other tweeters with Bitcoin, and allowing them to display their NFT collections.
Platforms: Bitcoin, Ethereum
Tencent – Cloud Blockchain
More than a billion people use Tencent, which is one of the largest networks for gaming, messaging, and shopping. Now, the company is developing a unique platform known as Tencent Cloud Blockchain. Some provinces like Hainan, Guangdong, and Beijing, use this platform to issue e-invoices for healthcare and transportation. As of last year, Tencent processed more than 15 million transactions.
Platforms: ChainMaker, Hyperledger Fabric
Facebook – Metaverse
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Facebook decides to rebrand itself as Meta and jump into the theoretical Metaverse could be a boon for blockchain. After all, a comprehensive virtual world is a true environment for cryptocurrencies, NFTs, digital wallets, and more. Metaverse is a much-hyped cryptocurrency, and hope that Facebook’s big push into metaverse can bring more success for it.
Blockchain platforms: Diem
LINE Corporation
It is Japan’s largest messaging app and has more than 300 million users. The company has developed a proprietary blockchain, also called LINE, which is owned by Softbank Group and NAVER Corporation. The services include a cryptocurrency exchange, NFT market, and digital wallet. At the end of January 2022, the market cap of LINE was $655 million.
Blockchain platform: LINE Blockchain
Kakao Company – KraafterSpace
Kakao is South Korea’s dominant messaging app that has nearly 52 million users in the country. It also has a marketplace for trading NFTs, which is known as KraafterSpace. Here users can purchase token artwork directly through Kakao’s messaging app. Last year, Kakao launched a $515 million Klaytn growth fund to support developers willing to contribute to its blockchain system.
Platform: Klaytn
Final Words
Organizations and social networks believe in cryptocurrency and constructing their platforms. Also, women investing in cryptocurrency due to which networks like Twitter, LINE, and more are developing their blockchain platform and supporting the disruption.
