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The Blockchain Revolution’s impact on finance and banking

Despite the skepticism around distributed ledger technologies, businesses and individuals are embracing it. More individuals and businesses have already expanded their efforts in cryptocurrency and are now interested in investing blockchain service providers. As a result, the financial and banking services industry in particular has had to undergo a drastic change. One of the biggest driving forces behind this are the individuals who are tired of the outdated banking and financial system that makes consumers bear the burden of higher costs. The second driving force are consumers that do not have access to basic banking services since they do not fulfill the criteria set by commercial banks. Thus, innovative startups and businesses that have steadily disrupted the playground by introducing easier, more efficient and effective blockchain enabled services to users and, are facilitating, transactions worth billions of dollars.

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What can blockchain really do for your business?

By now almost every industry has adopted blockchain technology. From real-estate to online gaming. Despite the multiple success stories of organizations that are saving millions the true potential of blockchain remains untapped. Though blockchain service providers are abundant, there is still an incomplete understanding of blockchain is and its potential advantages to businesses. Many people still believe that its use is limited to mere record-keeping and powering cryptocurrency. Blockchain is more than that, it is a complete solution to various problems businesses face every day.

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What Cloud Computing can do for your Organization

A study found that on average a user makes use of at least four cloud-based applications. At the same time, they are evaluating four other applications at any point in time. What’s more, 41% of commercial entities run a big proportion of their workload on public clouds. Despite its widespread use, companies often have an incomplete understanding of what cloud computing is and what it can do for their enterprise. Many believe that it prevents the company from having complete control of their information since it makes their data available outside their premises.

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How a software development company can make you stand out

The biggest companies in the world Google, Amazon, IBM either make use of software or are developing software that can help them potentially beat competitors and increase their revenue.  Indeed, the digital transformation that has been taking place in the business world since the early 2000s has not stopped. Despite the burst of the dot-com bubble, the tech companies that have survived have gone on to dominate the market. The importance of software development to the success of these companies cannot be denied.

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How blockchain will revolutionize Accounting

Maintaining the transparency of financial information has been a conundrum since the financial scandals that shook the world economy in the early 2000s. Blockchain has the potential to change this. It is a distributed ledger technology that makes every transaction taking place in the blockchain visible. As a result, transactions are automated with fewer errors, and can not be tampered with.

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The Basics of Business Process Outsourcing

The idea that businesses should focus on what they do best and outsource non-core functions has been a trend for the past 5 years. Non-core processes cost about 7 to 11% of a company’s revenue. However, businesses have realized that maximizing efficiency in every single department is a costly endeavor. The company may lack the capabilities to become an expert because may need to invest time and effort that the organization may not always be able to spare. For example, investing in the manufacturing department would involve purchasing equipment, hiring employees, or even buying land. All of these would involve an exorbitant tax burden.

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Why blockchain is still creating a buzz outside cryptocurrency

Gone are the days where companies needed thousands of computers under one roof to manage information. With the rise of blockchain companies can now manage their information through a set of computers that are present in different geographical locations. This has increased the efficacy with which data is handled, stored, and manipulated.

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