The Powerful role of Composability of Smart Contracts in DeFi
You’ll receive a wide range of responses if you ask blockchain-embracing companies & individuals what they find most intriguing and fascinating about DeFi. Some will respond, “Decentralized,” which is obvious. To break free from relying on other companies to own our data and money, we are reinventing the financial system without any middlemen. Some will […]
Central Bank Digital Currency- The future of Banking and Money
As countries around the globe work towards introducing their own cashless alternatives, many people are assuming that the use of cash will die down very soon. It is true that the last few years saw more and more use of mobile wallets and digital payments leading many people to believe that the death of cash […]
Why should you get your DeFi smart contract audited?
Smart contracts are pieces of code that bind two or more parties together. These contracts execute automatically after meeting certain predefined conditions. Smart contracts play a significant role in the Decentralized Finance (DeFi) ecosystem. But, they are also vulnerable parts of the DeFi ecosystem. We often read about the hacks and unprecedented loss of funds […]
Blockchain Reshaping Trade Finance
Trade finance is the heartbeat of international trade, rendering the finances required for executing deals between buyers and sellers across borders. Most significant concerns pertaining to the liquidity, credit, security of payment and insurance need to be addressed to complete the transaction on terms that would be agreeable to both parties and these can be […]
Explained: Key DeFi Ecosystem Pitfalls & Solutions
The decentralized nature of cryptocurrencies and open, trustless distributed ledger technology has brought upon a paradigm shift in the fintech world. The inclusion of smart contracts on cryptos like Bitcoin and Ethereum has expanded the horizon, providing limitless possibilities for the development of new applications. Blockchain technology provides for censorship-resistant, open, borderless, and trustless financial […]
Banking the Unbanked: DeFi promoting financial inclusion
The financial industry is transforming. Blockchain and digital assets are innovative technologies gaining traction as they will enable the use of finance in a decentralized manner across borders. The next stage of expansion has been coined “DeFi“–a contraction from Decentralised Financial Institutions. In this blog, we would explore how they differ from traditional financial institutions, […]
Blockchain Bridges – helping the growth of DeFi
Communication is important in every aspect of personal and professional life. Effective communication can foster better trust, strategy, and quality work. Similarly, blockchain networks require great communication between them. Thus the blockchain bridges connecting two blockchain ecosystems act as a communication tool to allow the transactions. The rise in the adoption of blockchain and Web3 […]
DeFi: Disrupting the Fintech Space
Powered by blockchain technology, Decentralized Finance (DeFi) has emerged as a sweeping wave of innovation facilitating highly liquid and interoperable financial services without a centralized intermediary. DeFi users can gain permission-less access to highly liquid products such as loans, insurance, payments, margin trading, and more while holding custody all the while. In March 2022, there […]