#blockchain development platform

[mobiloittesingaporepost]

Blockchain Development Services  in Singapore Mobiloitte

Mobiloitte, a Singapore company, is a pioneer in blockchain development services, offering custom blockchain solutions and private blockchain development. With expertise in blockchain development, we provide innovative solutions, creating secure and efficient blockchain platforms. Trust Mobiloitte for top-tier blockchain development services and harness the power of this transformative technology to fuel your business growth.

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[web3dev]

Empower your dApp journey with KrypCore, your one-stop solution for streamlined dapp development. Unleash the potential of our APIs, SDK, and cutting-edge web3 tools for a seamless and powerful dApp creation experience.

[metaboxfy]

Cryptocurrency exchange development company

Metaboxfy, India's leading cryptocurrency exchange development company, empowers you to create your own cryptocurrency exchange software. With Metaboxfy, you can establish a platform that functions like any other exchange, but with the added advantage of a finely tuned algorithm that ensures precise and rapid transaction processing. Trust the expertise of Metaboxfy, the premier Cryptocurrency exchange development company in India.

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Innovative App Development Company | Seraphic

Seraphic is your go-to app development company for turning ideas into reality. We offer comprehensive services from initial concept through to launch, ensuring your app is both innovative and competitive. Our team is dedicated to delivering high-quality, user-centric apps. Learn how we can help you succeed!

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Crypto Exchange Development- Factors Supporting Liquidity

Explore how crypto exchange development with focus on liquidity depends on the factors like order book depth, trading volume, matching engine, and market makers.

[blockchainxtech]

What is a smart contract? Types and Example applications

smart contract is a self excecution role in which term of contaract written directly into the code.

In the decentralized world enabled by blockchain technology , where a sequence of blocks store encrypted transaction information, it is possible to reach agreements or contracts intelligently, without the need for a mediator. The mediator is the technology itself and decentralized verification, in an architecture that ensures that all participants have access to the same data at the same time, without the possibility of altering it.

That is why the term smart contract development is gaining ground as a technology capable of revolutionizing the world . But what exactly are these smart contracts and how do they work?

What is a smart contract?

A smart contract is a self-executing computer protocol designed to automatically facilitate, verify, or enforce the negotiation or execution of a digital contract without the need for intermediaries.It is based totally on blockchain generation, that means it runs on a decentralized community of computers, making sure its protection, transparency, and resistance to manipulation.

In this way, blockchain enables the transfer of facts without the need to blindly accept as true with third events. Once the situations established in the contract are met, it is mechanically activated, without the want for 0.33-party intervention, putting off the want for intermediaries.

Smart contracts are therefore transparent from their very nature and conception. Each birthday party can music the development of the settlement in actual time on the blockchain. This creates an excessive level of trust, as all parties have access to the same statistics and are not dependent on the best religion of 1/3 events, in addition to adding an additional layer of security via this immutable cryptographic file of the contracts.

Types of smart contracts

There are different types of smart contracts designed to meet different needs and usage scenarios:

Execution-only contracts — These are the handiest and most trustworthy smart contracts. They are used to execute a particular motion. For example, an agreement that transfers ownership of a virtual asset to a consumer once full payment is received.

Repeating Contracts — As opposed to one-time execution contracts, these smart contracts are designed to be executed repeatedly based on recurring conditions. For example, a contract that pays dividends to investors on a monthly basis based on the performance of an investment.

Self-executing contracts — These are contracts that are automatically triggered and executed when certain conditions are met. For example, a contract that releases payment on a loan in monthly installments as long as the borrower meets the stated monthly payments. Or a contract where if there is a default, the agreement is automatically canceled. The possibilities are endless.

Multi-signature contracts — These smart contracts require the authorization of a couple of parties for execution. They are normally utilized in conditions regarding monetary or legal transactions that require the consent of multiple parties. For instance, an agreement that requires the approval of a couple of signatures to release an investment fund.

Examples of smart contract applications

Once we have defined what a smart contract is and its types, the next question to be answered is: what applications can there be for these contracts in real life?

Here are some examples:

Property sales : Imagine you are buying a house using a blockchain that uses smart contracts . Once all agreed conditions are met, such as full payment and legal transfer, the contract is automatically executed, transferring ownership to the buyer and releasing payment to the seller.

Insurance : Smart contracts can revolutionize the insurance enterprise with the aid of automating claims methods. For instance, in the event of an automobile coincidence, the agreement can robotically affirm the info of the twist of fate and disburse the agreed amount to the affected events.

Decentralized Finance (DeFi) : In the DeFi space, smart contracts are central. For example, contracts can facilitate peer-to-peer lending, where loan terms, interest payments, and loan repayment are automatically executed as agreed.

Supply and Stock Management : ​​Condition and action contracts are useful for automating supply management, such as making payments to suppliers once goods are delivered, instantly.

Smart contracts therefore offer a secure, efficient and transparent way to conduct digital transactions and execute contracts without the need for intermediaries. With their ability to automate processes, these contracts will transform the economy and the way business is done and agreements are reached in the new Web 3.0.

Conclusion:

Smart contract improvement offers an effective way to automate and stable agreements on decentralized networks. With packages ranging from finance and supply chain control to real property and vote casting, clever contracts have the capacity to reshape how we conduct transactions and manipulate agreements in various industries. As extra companies and governments discover blockchain technology generation, the improvement and use of smart contracts will continue to amplify, driving innovation and performance throughout the globe.

[mobiloittetech]

India Launches National Blockchain Framework: A New Era for Blockchain Innovation

India's Ministry of Electronics and Information Technology (MeitY) has officially launched the National Blockchain Framework, marking a significant step in the country's blockchain development journey. This initiative empowers government departments, small businesses, and researchers to create blockchain solutions, providing a robust infrastructure to accelerate innovation across sectors.

Vishvasya: The Backbone of India's Blockchain Initiative

At the heart of this framework is Vishvasya, India's national blockchain technology stack. Vishvasya offers Blockchain as a Service (BaaS), allowing users to spin up blockchain nodes, establish networks, and develop smart contracts effortlessly. This platform facilitates blockchain development services for businesses and researchers, enabling them to create solutions quickly and efficiently, without heavy investment.

Permissioned Blockchains: Enhancing Security and Control

Currently, the National Blockchain Framework supports two permissioned blockchains, providing enhanced control and security compared to public blockchains. While the exact platforms weren't mentioned, it is believed that Hyperledger Fabric and Hyperledger Sawtooth are part of the ecosystem. These technologies are crucial for blockchain development solutions that require scalability and privacy, especially in government services like document certification and agricultural tracking.

Innovative Solutions: Transforming Government Services

Government departments have already started using the blockchain framework to develop groundbreaking applications. For example, Praamaanik, an app designed to ensure mobile app security, leverages blockchain development by registering an app’s electronic fingerprint on the blockchain. This allows users to verify the app's integrity, ensuring it hasn't been tampered with, and offering a new layer of trust and transparency in digital services.

The Role of Mobiloitte: Supporting Blockchain Innovation

As a leader in blockchain development services, Mobiloitte plays a key role in helping organizations leverage India's National Blockchain Framework. Whether it's creating secure networks, developing smart contracts, or offering customized blockchain development solutions, Mobiloitte provides expertise that accelerates the adoption of blockchain technology. Businesses and government bodies alike can benefit from Mobiloitte’s tailored blockchain development service, ensuring smooth integration and deployment.

Global Influence of National Blockchain Frameworks

India’s initiative aligns with global blockchain projects such as Europe’s European Blockchain Services Infrastructure (EBSI) and China’s Blockchain-based Service Network (BSN). These frameworks aim to provide blockchain development solutions that are cost-effective and scalable, further driving the global adoption of blockchain technology for both businesses and governments.

Conclusion

India’s National Blockchain Framework represents a transformative step in the field of blockchain development. With Vishvasya offering accessible tools and platforms, government bodies and businesses can explore innovative blockchain applications. Mobiloitte is prepared to support this new era with its expertise in blockchain development solutions, enabling organizations to navigate the future of blockchain with confidence.

[inventateq01]

Salesforce Cloud Data Platform Course: Become a Certified Professional

Unlock the power of Salesforce with our Salesforce Cloud Data Platform Course at Inventateq. This course is designed to provide you with in-depth knowledge of Salesforce's cloud data platform, preparing you for certification and a successful career in Salesforce technology. Learn from industry experts and gain the skills needed to manage and optimize Salesforce environments effectively.

[jcmarchi]

Blockchain could solve the monopolised AI ecosystem | AI News

New Post has been published on https://thedigitalinsider.com/blockchain-could-solve-the-monopolised-ai-ecosystem-ai-news/

Blockchain could solve the monopolised AI ecosystem | AI News

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The AI industry has always been the “futuristic view” for humans, whether in movies, cartoons, or real life. Computers work, think and act on behalf of futuristic humans – well, except in the Dune movies.

In the past half-decade, artificial intelligence has become the hottest topic in the world, second only to the Covid 19 pandemic, with most people fascinated by the industry’s massive growth and the extent they can use it. This growth is expected to continue at a rapid pace into the last years of the decade, with Statista predicting the $184 billion industry will grow to nearly $900 billion by 2030. 

However, as the industry becomes a crucial part of our lives, which seems inevitable, it will shape how we think, interact with the world, and do the most basic and complex things in the future. We will be intertwined with it, probably more than we are today with the internet.

While still in its infancy stages, most powerful AI systems and models are controlled by mega-corporations such as OpenAI, IBM Watson, Google AI, and Amazon Machine Learning. These Big Tech firms own large data hubs, to train, build, and sell these models to users. This raises a very pertinent and justifiable fear amongst the common folk. Should we let this massive and dominant technological innovation be controlled by the billionaire de jour? 

Satoshi was wary of the centralised financial institutions post-2008 global financial crisis and created Bitcoin to solve the centralisation conundrum. In a similar breath, AI needs similar solutions to remove the heavy hand of mega-corporations on what could be the “most important technological advancement in the past few decades”, as Microsoft’s co-founder Bill Gates called it in a blog post in 2023. 

The problem with the current AI industry structure

As stated above, AI technology will be a way of life for ‘almost’ everybody on Earth, helping us complete very menial tasks to greater tasks. For instance, the growth of artificial general intelligence (AGI) can be used to create “AI secretaries”, or AI agents, that can help organise your calendar, pay your monthly bills, create a weekly diet schedule, or create your playlist. (“Hey AI agent X, can you create an R&B playlist including Beyonce, Ne-Yo, etc”)

While the data in the examples above may seem simplistic and elementary, such data is very important and personal for most people. Would you want to share such data with the Big Tech firms, who have time and again shown their willingness to use personal data only for profit? 

Even more unsettling is that AI is being trained in more ‘human-related’ jobs that millions, and probably billions, of people need such as therapists and coaches. Millions of people will share their innermost thoughts, longings, fears, sexual desires, confessions, and embarrassments. Who would trust big tech with such information? It is already happening with ChatGPT, with more and more people using the AI tool to look for answers to their deepest personal questions. 

This is the bottleneck of current AI systems and models – the centralisation of AI technology, monopolisation of data used to train the AI models, and privacy concerns by users. As such, several developers around the world are working on solutions that build sustainable AI models, without big tech firms’ prying eye on our personal data.

Blockchain, a decentralised and privacy-preserving technology, is being integrated with AI to ensure users enjoy the benefits of the technology without the toxicity of Big Tech. 

A paradigm shift: The rise of decentralised AI services

Blockchain technology has been used extensively to correct the centralisation impact in the financial world and most industries, from supply chain to health care, etc.

Finally, the technology is extending its roots into artificial intelligence, helping democratise and decentralise the industry. The technology has enhanced data security and transparency through its immutable ledgers, transforming the global sharing of value and setting new standards for operational efficiency and transparency. 

Integrating two of the most sought after technologies today, AI and blockchain, could be the key to having a free, open, and decentralised AI ecosystem. The primary goal of decentralised AI technologies is to democratise access to AI resources, including data, models, and compute power. This is crucial in minimising the oligopolised structures in AI, which limits the number of entities in the space due to the computational complexity and huge costs of data sets that are needed to train AI models. 

For instance, NeurochainAI proposes an innovative solution to the challenges of centralised AI systems: a Decentralised AI Infrastructure As a Service (DeAIAS). Simply, NeurochainAI aims to break down the barriers of centralisation and monopolisation “by encouraging cooperation and coordination among various AI stakeholders,” its website reads.

Decentralised AI benefits developers and the general public in several ways: 

Decentralisation: Unlike the current AI models, a decentralised AI ecosystem allows a community of users to share resources such as computing power, data storage, algorithm processing, and model validation. These could be costly for any one company trying to build their models but by tapping into a global community of users the costs are reduced significantly. 

Ready-to-use infrastructure: NeurochainAI provides developers with a ready-to-use platform helping them develop their AI dApps faster and up to  five times more cost-effectively compared to traditional methods. This promotes more innovation across the ecosystem, unlike depending on a few companies for all technological advancements.

Incentivisation: One of the biggest benefits of a decentralised AI platform is rewarding the community for providing their resources. For instance, NeurochainAI rewards contributors with $NCN rewards, fostering a collaborative ecosystem where each participant plays a role in shaping the future of AI technology.

Privacy and security of data: Decentralised AI also introduces an element of privacy of data. Given blockchain technology allows users to be the custodians of their data, only they choose what data to give to train the AI models. 

Active participation by the community: NeurochainAI is developed by the community and for the community. This involves community members actively participating in crucial  AI training processes such as data curation and validation, algorithm processing, and model validation. This democratises AI development and enriches the models with diverse, real-world inputs. 

The future of decentralised AI services 

The rapid growth of artificial intelligence has ensured that many companies/individuals cannot create or train their AI models due to the phenomenal amounts of computing power needed. While centralised cloud computing was a ready solution for previous challenges of computing power, AI is different. 

Decentralisation solves this problem by creating a network of nodes (computers) that harness the huge untapped computing power of CPUs across the world. This modular approach of decentralised physical infrastructure (DePIN) enhances scalability, provides a cheaper source of computing power than buying new servers, and increases community participation in training the AI models, allowing dApps to learn and share information with each other. 

While decentralised AI is still at its infancy, the creation of platforms such as NeurochainAI will give Big Tech a run for its money – solving the monopolised nature of AI, computational complexity, and privacy of data for users.

[techavtar]

Tech Avtar is renowned for delivering custom software solutions for the healthcare industry and beyond. Our diverse range of AI Products and Software caters to clients in the USA, Canada, France, the UK, Australia, and the UAE. For a quick consultation, visit our website or call us at +91-92341-29799.

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Explore the future of blockchain with AI and no-code tools. Simplifying development and boosting innovation, this is the new era of decentralized technology.

[seraphicinfosolution]

Hire Top UI/UX Designers at Seraphic

Elevate your digital product with Seraphim's top-rated UI/UX designers. We create intuitive and engaging user interfaces to enhance user satisfaction and drive results. Connect with us to start designing!

[techtoio]

Exploring the Latest Trends in Software Development

Introduction The software is something like an industry whose development is ever-evolving with new technologies and changing market needs as the drivers. To this end, developers must keep abreast with current trends in their fields of operation to remain competitive and relevant. Read to continue .....

[intelisync]

2024's Game-Changing Technologies for Metaverse Development

Picture a universe where virtual and physical worlds blend seamlessly, allowing you to interact with digital elements in real-time. As 2024 draws near, groundbreaking technologies are shaping this metaverse, making such interactions more immersive and dynamic than ever.

The metaverse, an expansive network of virtual environments, is evolving rapidly as we approach 2024, driven by several key technologies. Virtual Reality (VR) and Augmented Reality (AR) are at the forefront, enabling immersive experiences that blend the physical and digital worlds. VR technology has advanced significantly, offering users enhanced graphics, realistic simulations, and responsive feedback that create fully immersive digital environments.

AR enhances the physical world by overlaying digital information, enriching experiences in retail, healthcare, and entertainment through interactive and engaging environments.

Blockchain technology is essential for the metaverse, providing a secure and transparent method for managing digital assets and transactions. Non-fungible tokens (NFTs) allow users to own unique digital assets like virtual real estate and art, while smart contracts facilitate automated and secure transactions. The decentralized nature of blockchain promotes trust and reliability, making it a crucial component of the metaverse's infrastructure.

Artificial Intelligence (AI) further enhances user experiences by creating intelligent virtual agents, personalized interactions, and realistic simulations. AI-driven non-player characters (NPCs) provide engaging and adaptive experiences, and AI technologies enable natural language processing and speech recognition for seamless communication between users and virtual environments.

Edge computing and 5G technology are critical for the seamless operation of the metaverse. By bringing data processing closer to users, edge computing reduces latency and improves the responsiveness of virtual environments. 5G networks provide the high-speed internet required for real-time interactions, supporting scalable and complex virtual environments.

The Internet of Things (IoT) and spatial computing further enhance the metaverse by capturing physical movements and translating them into virtual actions, creating realistic and immersive experiences.

Elevate your business with Intelisync's cutting-edge metaverse solutions. Reach out to Intelisync today and learn how our advanced technologies in VR, AR, AI, and blockchain can revolutionize your operations, enhance customer engagement, and drive your Learn more...