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Cryptobadge

Gaming is fun, Youtube-ing is fun, whereas our day-to-day lives… not so much.

Cryptobadge was born from this simple idea of making day-to-day life fun. The aspects that make games fun, such as challenges, achievements, levels, and rewards, are something that exist in the real world as well. Unfortunately, these rewards often manifest in slow and boring ways. Cryptobadge is a project that rejects the banality of life - we shout, “Life should be a game!”

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Man Dies on Mount Everest Over Crypto Currency?
ASKfm, the site that lets friends ask anonymous questions, decided to launch their own cryptocurrency. To celebrate the launch, they planned an elaborate promotional stunt involving four climbers and the highest mountain in the world. Theysent a team of three crypto enthusiasts on an expedition to climb Mount Everest. At the top, they would bury a small USB drive containing $50,000 worth of ASKT, their new cryptocurrency they have planned an Initial Coin Offering for. Why? They wanted to send their currency “to the moon.” The climbers reached the summit on May 14 and successfully buried the USB. In a Medium post, the company described the expedition and the intentions behind it. “While others try sophisticated marketing techniques, these guys went out there and put themselves right on top of the highest mountain on the planet. An elegant way to boast ideological superiority to every other crypto. A way quite strangely unexplored before. Even memes-wise, think about the closest starting point to reach the moon. It seems so obvious, yet no one has done it.” What the company failed to mention, however, was Lam Baby Sherpa: the Nepalese mountain guide who helped carry gear and lead these otherwise-inexperienced climbers to 29,000 feet. The sherpa, a veteran of three previous Everest climbs, was left behind by the group and is presumed to be dead. One of the climbers was reported as stating: “At the top of Everest the weather was very bad, and then we were coming down. We were going down to Camp 4, which is at about 7900m, and one Sherpa was dying. That’s all we know. He was behind us, so we don’t know what happened to him. We were going fast and the Sherpa wasn’t coming with us. He was coming behind so we didn’t see him.” Upon reaching Camp 4, one of the crypto climbers had developed altitude sickness. They descended to Camp 2, where they called for a helicopter evacuation. As for the $50,000 worth of cryptocurrency? There’s no word as to whether or not it’s been retrieved yet, but with climbing season in full swing and an average of 600 summits each season, it’s sure to turn up soon.
How To Create A Secure IoT Network To Guard Your Connected Devices
IoT has created a bridge between the physical world and the Virtual World. With all conviction, we can expect IoT as an indispensable part of our lives. But as the IoT implementations are growing, the security concerns are also growing at the same pace. And Today, being a leading IoT service provider, we are going to share how you can create a secure IoT network that will keep your connected devices as safe as possible. Steps To Create a Secure IoT Network Let me tell you very straight that securing the IoT network doesn’t require a completely new or complex set of ideas and principles. The core lies in the best practices while designing the IoT solution.  As there are many small to big things considerably, We can say IoT security is a multi-faceted effort that requires big moves as well as small adjustments to ensure networks, data, systems, and devices are protected.  What is Security By Design? Security by design is a practice that ensures security as a crucial consideration at all stages of product creation and deployment. Often in the IoT developments led by speed and other priority factors, the security considerations are included late in the design and prototyping phase. That results in security breaches. It’s important to remember that as devices and their firmware get obsolete and error-prone in time, they may become an attractive target of bad cyber actors. Hence, it’s crucial to manage the lifecycle of security devices and cloud spectrum to reduce the attack surface. The sad part is that most of the time, robust and long-term security strategies are overlooked during IoT implementations. Security is not a one-time activity, rather an evolving part of the IoT ecosystem that should support IoT deployments’ lifecycle in: Adding new devices and decommissioning others, Onboarding to new cloud platforms, Running secure software updates, Implementing regulated key renewals, Maintaining large fleets of devices. All these activities require comprehensive management of identities, keys, and tokens. To avoid time-consuming and expensive services in the field, IoT Security lifecycle management solutions must facilitate updates remotely while executing them across large scale device fleets. Now let’s see the Security concerns in two popular forms of IoT: Tips To Secure Consumer IoT Devices Smart speakers, domestic appliances, connected toys, and smart locks are all potentially vulnerable if not properly secured by design and during their expected lifespan.  For example, someone who owns a Google Nest Hub and other Xiaomi Mijia cameras around his home claimed that he received images from other people’s homes, randomly, when he streamed content from his camera to a Google Nest Hub. There are many such examples where the design loopholes have caused many consumers more harm than good. The good news is that ETSI recently announced ETSI TS 103 645, the first worldwide standard for consumer IoT security. This sets a benchmark for how to secure consumer products connected to the internet and aims to promote best practice. Additionally, here we are going to share tips that will help you in designing a secure IoT network for your consumers and smart homes. Know Your Network and The Connected Devices – When we put together several devices over the internet that potentially leaves your entire network vulnerable. It’s common to lose track with an increasing number of equipped devices. Hence it’s essential to know your network — the devices on it and the type of information they’re susceptible to disclosing.  Assess the IoT Devices on Your Network First, know which devices are connected to your network, audit your devices to understand their security posture. While selecting devices check for newer models with stronger security features, etc. Further, before making a purchase, read up to understand how much of a priority, security is, for that brand. Input Strong Passwords to Protect Your Devices and Accounts Use strong and unique passwords that will assist you in securing all your accounts and devices. Get rid off the common passwords like “admin” or “password123.” Make use of a password manager, if needed, to keep track of all your passwords. At the same time ensure that you and your employees don’t use the same passwords across multiple accounts and be sure to change them periodically. Choose a Separate Network for Your Smart Devices Separating networks is a smart way to protect your smart devices in the IoT network. With network segmentation, even if attackers discover a way into your smart devices, they can’t access your business data or sniff on that bank transfer you did from your personal laptop. Reconfigure Your Default Device Settings Usually when we receive our smart devices they are packed with default insecure settings. And things become worse if we do not modify their configurations. As weak default credentials, intrusive features, ports and permissions need to be assessed and reconfigured as per your requirements. Install Firewalls and Other IoT Security Solutions to Identify Vulnerabilities To safeguard your Smart homes and other consumer IoT networks block unauthorized traffic over the wire through firewalls. At the same time run intrusion detection systems/intrusion prevention systems (IDS/IPS) to monitor and analyze network traffic. This is where you can use an automated scanner to uncover security weaknesses within your network infrastructure. Use a scanner to identify open ports and review the network services that are running. Now let’s check out the key steps to protect your enterprise network against modern security threats. Steps To Protect Your Enterprise IoT Network We have seen many manufacturing industries adopting IoT and growing. However many aren’t serious enterprise security, that’s a mistake. Because we have seen that In 2018,  21% of companies reported a data breach or cyberattack due to insecure IoT devices. So do not let that happened with you and follow the steps below to protect your enterprise IoT network: Step 1:  Be alert of the risk As IoT is relatively new as compared to IT, hence some of the threats are newer and not as widely used, and make companies reluctant. But we forget that IoT security is like buying insurance. We think we won’t ever have to use it, but the odds are, we might. So it’s better to realize that with a lot of connected devices in use, we might have vulnerabilities that need to be minimized and fixed. Step 2: Design a Secure network architecture The Ponemon study found that less than 10% of organizations are confident they know about all of the printers, cameras, and building automation systems on their networks that are connected to the Internet. Hence, it’s essential to carefully design your network architecture. And protect your devices from the network, and further protect your network from the devices. Step 3: Observe Your Suppliers and Vendors Attackers are smart today, they may target you through the suppliers and vendors. So do not underestimate the vulnerability that comes along with companies you connect with.  It’s a better practice to include the security practices as part of your vendor risk management process. Step 4: Practice For the Data Breach You must prepare for an IoT data breach the same way you prepare for disasters like fire, earthquake, or other. Make a plan, have a regular drill, and keep the plan updated. It’s good to have regular exercises to test your data-breach preparedness.  How will you tackle the situation If you get breached? you should have a well-documented plan for the same. Step 5:  Control what you can, and learn to live with calculated risk It is important to realize that while you should do everything that you can do, you can’t expect to prevent everything. So learn to live with a calculated risk. For something that’s as crucial as a backdoor into your entire network, which is really what a smart-building management company represents, you really need to keep a close eye on their security practices. Step 6: Start now, and get ready for whatever comes next IoT being an emerging technology can not and should not be removed from our enterprises.Although there is risk that comes with it but like all excellent growth you need to take that risk and better prepare yourself to reduce the chances of mishappening like data breaches and others. You know new devices are coming with each passing days, hackers are becoming more creative, and the risks are getting more profound and devastating. So, Be aware and take proactive steps to secure your IoT network. And if you are looking for any other assistance in IoT services, do not forget to check our IoT services page.
How to embed badges on your social network profile?
[Table of Content] 1. How to embed your badges on your LinkedIn profile? 1) Embedding your school badge in the Education Section 2) Embedding your badges in the Certificates Section 3) Embedding your badges in the Experience Section 2. How to embed your badges on your Facebook profile? Embed CryptoBadges on your social network profile as proof of your experiences! Unfortunately, LinkedIn’s layout isn’t optimal for badge display, but you can still share your CryptoBadge link as a verifiable proof of your experience, which will definitely strengthen the reliability of your profile. On Facebook, you can display your CryptoBadge in a visually optimal way just like your CryptoBadge profile page. Show off your badges! 1. How to embed your badges on your LinkedIn profile? 1) Embedding your school badge in the Education Section First, click on the Edit button located on the right side of your school. Click on the Link button, paste the URL of your certification, and click on the Add button. It takes LinkedIn several seconds to import the certification URL. Once the certification addition is complete, click Save! 2) Embedding your badges in the Certifications Section First, create a Licenses & Certifications Section by clicking the Add Profile Section button and choosing Licenses and Certifications. In the pop-up shown below, enter your badge name in the Name field. In the Issuing Organization field, you can enter CryptoBadge or other relevant issuer’s name. Lastly, in the Credential URL field, enter your certification URL. Click on the Save button, and you’ll see your CryptoBadge on your LinkedIn profile. 3) Embedding your badges in the Experience Section On LinkedIn, we created a virtual organization, CryptoBadge Network, for all CryptoBadge fans around the world to join. Go to the Experience Section and add “CryptoBadge Network” as one of your experience. In the Company field, enter CryptoBadge Network. In the Title field, you can enter whatever titles you like, be it Citizen, Member, Fan, or whatever. And then, more importantly, add your badges by clicking on the Link button as below. 2. How to embed your badges on your Facebook profile? We will support Facebook Embed soon from late March of this year. The detailed instructions will be provided when the feature is ready.
Welcome to the CryptoBadge!
1. Introducing CryptoBadge and getting your first CryptoBadge! CryptoBadge is a collectable certificate that is verifiable, eternal, and universally shared. CryptoBadge lets people identify themselves through badge collections that represent their expertise, achievements, contributions, and hobbies. Ready to be a CryptoBadge hunter? Receive your first CryptoBadge and learn more about the CryptoBadge project here 2. Why Project CryptoBadge chose to align with Vingle Community System? We chose to ally with Vingle because it is a community platform that not only has all the essential functions to host communities, but also it is aggressively adopting a smart governance system to support REAL community autonomy. Community needs a lot more than just content discovery or messaging. Vingle supports various content types (text, images, videos) and provides easy ways to systematically label and organize content, archive Q&As, recognize contributors vs. trolls, create chat rooms, and last but not least, to make collective decisions. Vingle provides a smart governance system where members of each community can run their community autonomously by electing staff members, organizing information, designing privileges and penalties, and more. Last but not least, Vingle is the community platform that deploys CryptoBadges first and best. Vingle is actively releasing new features every week and will keep providing new services, making the best use of CryptoBadge. Currently, Vingle provides its community staff, such as President and Editors, with badges and corresponding authorities (To see Vingle’s current governance features). Vingle will also allow its communities to add a variety of badges and positions so that each community can create their own badges and governance structure, which we are very excited about! 3. About Vingle’s CryptoBadge Community Making full use of Vingle’s features, combined with the badge system, we want to run this community, #CryptoBadge, autonomously based on the participation and consensus among CryptoBadge fans who are interested in the CryptoBadge project. You can take part in running this community, #CryptoBadge, by becoming a council member. If you’re interested, apply here!
Why should you start accumulating bitcoins in 2020?
Many countries around the world have started legalizing Bitcoin and other cryptocurrencies. If leading countries like the USA, Europe, and India sees the value of cryptocurrencies, there must be something in there, right? US regulators have green-lighted banks for cryptocurrency custody while the Supreme court of India has also lifted the ban on banks dealing with cryptocurrencies imposed by the Reserve bank of India. If we start gathering such official news, it would take an entire day. But your time is valuable and instead of wasting it on finding sources, it would be wise to initiate the accumulation of cryptocurrencies including Bitcoin. Why would someone prefer investing in Bitcoin over a well-established stock market? Well, that’s a good question indeed. Should you invest in Bitcoins? Why? 1. A real-life usage. (Not a Ponzi scheme) Cross-border payment has become a kid thing where recipients get payment in a matter of minutes instead of days. The sender needs to pay in cents which he or she used to pay in hundreds or even thousands. Besides the more usage it has, the better its value. On top of that, they have a huge potential for industrial partnerships to make a short time gain. 2. It is still in the early phase. You may feel its late because of the price of Bitcoin ($10,999 at the time of writing), it’s not. If you just sit and watch coinmarketcap, you will only see the increment. Imagine what if Bitcoin reserves even a quarter proportion of value stored by commodities like gold? You also do know about halving, hyperinflation, and the maximum supply of Bitcoin, right? That is the answer! 3. Highly secured network. We are already facing millions of dollars of digital money thefts. That’s how vulnerable our baking system is. But when it comes to Bitcoin backed by blockchain technology, you don’t question its security. No hackers till today have successfully managed to steal Bitcoins out a hardware wallet, not they will be able to do so. The money you have invested is secure, you bet! 4. A digital store of value. If you research to analyze how much return on investment (ROI) the gold has given in the past 10 years and then compare it with Bitcoin, you will understand what is the store of value you can have. Yes, it is volatile but if you consider it for the long term, you are sitting on safest bet. At least one BCT is what you need to store for like 5 or 10 years and you will thank me later. 5. Easy liquidation. If you are worried about liquidizing your crypto assets, just stop worrying right now. Because of the worldwide establishment of trading platforms, exchanges, and P2P platforms; you can easily trade your assets with fiat currency and even in commodities, with considerably low fees. Even if you are looking for short-term profit, you got nothing to worry about at all. How to accumulate Bitcoins in 2020? Well, if you are considering it for an investment, you will have to invest it. But if you are still not sure about investing in Bitcoins, there are plenty of ways to collect bitcoin by investing your time and skills. So today, in this article, we are going to discuss one such amazing way to actually gather Bitcoins without investing your fiat money. Let’s get started. ReferCoins basically hires people like you and me to promote their partner projects on social media channels. You will be asked to share, retweet their posts and tweets on your timeline in order to get a reward in Bitcoins. There are many campaigns you can join to earn as much as you can. Yes, it is as simple as that with the help of a few official rules. Are you excited? Before you jump to join, let me introduce their campaigns for the ease of understanding. 1. Facebook Campaign This is the simplest campaign on ReferCoins to earn your first millibitcoins. A genuine Facebook account with a minimum of 100 friends is the only requirement to join the campaign. You will be basically sharing their official posts on your timeline with predefined hashtags. You are also required to submit proof of your work by means of the snapshot. 2. Twitter Campaign This is another easiest campaign for you on the platform. A real Twitter account with 100 followers is a prerequisite in order to join the campaign. In this campaign, you will need to retweet their official tweets with certain hashtags mentioned under the rule section. You also need to submit a snapshot of your work in order to get it approved. 3. Article Campaign This is an effort seeking campaign but worth your time totally. You are asked to write an article covering ReferCoins and publish it on your website. Based on the traffic your site is bringing, you will be categorized between low, medium, and high payout. If you don’t own a site, you can publish it on crypto-focused sites like Steemit, Murmur, Sphere, etc. 4. Video Campaign This is the highest paying campaign on the platform currently. Under this campaign, you will be creating a video about ReferCoins and publishing it on your own channel having at least 100 subscribers. As it pays great, you should also make sure that the video you are submitting is of good quality. Based on the number of views and quality of your video, you will be awarded. These are 4 campaigns currently active on the platform. But you will be able to see a few more soon as they are onboarding various projects. Here is the stepwise guide to join the ReferCoins and withdraw your earned BTCs. 1. Open your web browser and type https://refercoins.com 2. Go to the signup section from the menu bar and fill your basic details. 3. Click on the link you will have received on your registered email to verify yourself. 4. Once you are logged in, you will able to see four above-mentioned campaigns. 5. Let’s join the Facebook campaign. Go to Facebook Campaign and submit your Facebook profile. 6. Wait for 24 hours till your profile gets reviewed and verified. 7. Now perform the task as per the rules mentioned there. 8. You need to take a snapshot of your activity and upload it on the platform through your dashboard. 9. They will review and approve the allocated rewards. 10. Now go to My Wallet > Withdraw and fill the all details. Submit your request and you will get it on your wallet.
NFT là gì? Cơn sốt mới trong thế giới tiền điện tử
NFT là viết tắt của cụm từ NON FUNGIBLE TOKEN – Nghĩa là Token không thể thay thế. Đây là một loại token mã hóa trên blockchain đại diện cho một tài sản duy nhất.  Nó có thể là một tài sản kỹ thuật số hoặc là một phiên bản của tài sản trong thế giới thực được Token hoá. Vì các NFT là độc nhất và không thể thay thế nên chúng có thể hoạt động như một bằng chứng về tính xác thực và quyền sở hữu trong lĩnh vực kỹ thuật số. Giống như các token trên blockchain khác, NFT cũng sẽ tồn tại trên một địa chỉ. Đáng chú ý là NFT không thể copy hoặc transfer (gửi) mà không có sự cho phép của chủ sở hữu, ngay cả bên phát hành NFT. Để dễ hiểu hơn, ta so sánh giữa Fungible Asset (tài sản có thể thay thế) và Non Fungible Asset (tài sản không thể thay thế). Fungible Asset (tài sản có thể thay thế) là tiền, vàng, bất động sản… Fungible Token (Token có thể thay thế) ví dụ như bitcoin, eth, bnb,… Non-Fungible Asset (tài sản không thể thay thế) ví dụ như bức tranh La Gioconda của Leonardo da Vinci là một bức tranh quý hiếm vì mang tính độc nhất. Các Non-Fungible Asset có thể là tranh vẽ, các đồ vật sưu tập quý hiếm,…  Tương tự, NFT chính là các Token hay Tài sản số độc nhất không thể thay thế, cho dù chúng cùng được xây dựng trên 1 blockchain. Đọc thêm tại: https://www.gaiaonline.com/forum/international/liquidity-mining/t.109929201/ https://liquiditymining.blog/nft-la-gi/ #liquiditymining, #liquidityminingblog, #cryptocurrency, #defi, #yeildfarming
How is cryptocurrency exchange done?
Each cryptocurrency exchanger works according to the following principle - two accounts are involved in the exchange: the contractor and the customer. The customer transfers a certain amount in one currency to the account of the contractor, after which the contractor transfers the converted equivalent in another currency to the customer's account. The main tasks of the owners of modern exchangers are high speed, security of exchange operations and the most simplified use of their services by clients. If the exchange of currencies requires a large number of steps in a strict sequence, no one will use such a service. Therefore, most exchangers allow you to deposit / withdraw cryptocurrency in just a few clicks. To create an account and transactions on a cryptocurrency exchange, mandatory registration is required. It is not necessary to register on the sites of exchangers, it is enough to indicate some data about yourself when exchanging (e-mail, in some cases you will need a phone number and full name). Registration on the exchanger's website still provides a number of advantages - participation in the loyalty program (all exchanges are summed up and bonuses are provided), the referral system (if any). The exchange procedure itself is the same on all exchangers. Let's look at xmr to btc calculator as an example: On the exchanger's website, select the exchange directions (xmr to btc). The amount to be given is entered in the "give" field - in the "receive" field we can immediately see the amount that will be transferred in the selected currency to the account following the exchange results; The exchange can be done anonymously, so a lot of data is not required.
An Overview of Blockchain in Retail Banking and Retail Industry
Blockchain has gone from an obscure innovation to the seat of a technological revolution very quickly. People still debate its viability. But proponents of blockchain know that this public ledger system can change the way we view the world. From an initial standpoint, blockchain has direct financial applications. With the cryptocurrency market gaining steam, it is subject to immense volatility. After all this is said and done, it is general consensus that blockchain is here to stay for the long term. Studies suggest that the general public will completely accept this new tech by 2025 or even earlier. This makes it all the more necessary to adapt and assimilate blockchain into the various industrial sectors. One such prominent sector is the retail industry. The retail industry is growing at an all time high. Burgeoning demand, availability of products, and market penetration have grown several fold due to online shopping. So how does blockchain fit into the picture? Michael Carney, principal at Upfront ventures, says blockchain and decentralized systems give retailers an opportunity to drive efficiency, maintain authenticity and establish an advantage. It can help build trust with customers, minimize paperwork, and increase transparency across the process. The four major ways blockchain can impact the entire retail industry are listed below. https://www.aciworldwide.com/-/media/images/general/blockchainforretailers1.pngh=387&w=1042&la=en&hash=4320F495B9D82352AD5FF7266F5F64016C36484A The retail industry is one of those which requires and consists of the supply chain which has numerous parties involved within the procedure like manufacturers, suppliers, retailers and the end consumer. Blockchain in retail Industry: eCommerce and retail banking Here are some of the cases for which the retail industry needs a blockchain for the better and free flow of Blockchain in the entire retail industry including retail banking. Blockchain in retail banking Retail banks deal with individual customers by providing them with basic banking services like savings and transactional accounts, mortgages, loans, card payments, overdrafts, etc. this entire process of giving, taking and transferring money from one account to another and vice-versa comprise a lengthy process. It includes lots of paperwork and involves third party interference. Since blockchain technology introduces a decentralized ledger, it stores a bank’s or financial sector’s complete transaction history across multiple controlled-access computers replicating a breadcrumb trail of banking activity that is impossible to edit, delete or update. Blockchain in retail banking reimagines many of the core workflows in finance and banking, from records keeping and cybersecurity to currency, debt and equity management. And banks have only begun waking up to its potential. Some of the banks that are already harnessing the power of blockchain technology are JP Morgan Chase, Goldman Sachs, Bank of America and others. Role of blockchain in retail banking The foremost and obvious benefit of blockchain in retail banking is the technology can manage, approve and log any transaction instantaneously. In addition, it directly contrasts today’s often manual authentication, verification and data-sharing finance workflows banking and finance professions still rely upon to carry out transactions. Also, in retail banking an average KYC request in today’s date usually takes between 30 and 50 days to review and then go for further approvals. A blockchain system allows approved users to access the same data system instead of every bank and third party vendor maintaining siloed customer data portals and having data duplication for each order. It expedites verifications, netting more than $160 million in KYC cost savings annually. When it comes to borrowing loans, loan syndication activities take a 21 days journey from loan application to loan disbursement. However, this particular process can immensely benefit from blockchain. With blockchain, loan activities are safer, quicker, as well as traceable, again reducing admin overheads, third-party approvals, data duplication and instances of human error. With smart contract blockchain, core pieces of a contract are also visible, irreversible and indisputable. But that’s not the end! Blockchain offers many more unlocked benefits to the entire retail industry. Blockchain in retail industry When it comes to the application of blockchain in the retail industry, there is a need to accurately reflect the different steps in the supply chain and the transfers of ownership and product transformations at each stage. Quicker in transaction Blockchain reduces the time taken to complete a process, thus making it much faster and easier. When placing an order under a blockchain-based platform, the ability to make payments is quicker and there is not any delay either. The supplier or distributor or vendor receives the payments immediately as soon as the transaction is made. This allows them to verify and confirm the order placed with transparency. The order is sent out for delivery and it also reaches the customer at the right time and place. Logistics also become much more efficient with the use of blockchain as the decentralised network encourages effective peer to peer connection. The supplier can make connections with local logistics easily when the demands are higher. If there is any replacement to be made or refunds, with the help of blockchain, the time period of waiting to get these refunds is also faster. No central authority In retail and eCommerce, there is too much involvement of third party entities in every operation that takes place. Any process starting right from the order placement till delivering to the customers’ end is composed of many central authorities like banks, legal systems, etc. The important operation where third party involvement influences the customer the most is during the payment gateway. This is because when payments are made through a third party bank organisation, a particular charge is levied on the customer for using the banking services. This discomfort is solved when payments are made through blockchain because there is a direct connection between peers. Hence, there is no extra price imposed on the customer as there is no involvement by any other party other than the parties involved in the transaction. Trust among users Blockchain operates on a decentralised network allowing all data stored to be visible and available to everyone involved in the operation. This creates an environment where there is no malpractice or miscommunication. No information is lost in the communication channel as blockchain provides a direct peer to peer connection. Peers can keep a track of each and every transaction and operation due to systematic arrangement of data with the help of blockchain. This creates trust among the users and scrutinizes any data or information. Because of the decentralized network, one cannot make changes in the network easily. This offers transparency to the user or customer providing them with an evidence of where the product or service is sourced from. This creates an environment of trust where the user has knowledge of what is happening between suppliers and their products of service. Seamless supply chain management Blockchain provides a hassle free supply chain management to all retail and eCommerce business entities. This is because of the ability of blockchain to record every data and transaction digitally. This allows the information to be accessible anywhere and anytime which further allows the owners to track their products or service. Since blockchain operates in a decentralized network, if a change has to be made, the complete network system has to be changed. Hence, this is a way of creating a strong network between the owner and the manufacturer. With blockchain, inventory management is also efficient due to real-time data storage. It also helps to make smarter decisions. Laserfiche is an organization that provides records management edition (RME) to manage digital records for the ecommerce and retail sector. With such services, there is an open transparency in digital records stored in inventory for retail sectors. This will help retailers to manage their shelves based on reliable real-time data. Also, Provenance - another blockchain-based organization that aims to create an open transparent digital record of every inventory item for the retailers. Based on accurate real-time data, this will help retailers control their shelves and manage stores. Digital Payment Processing Blockchain was initially used as the framework for digital currencies such as bitcoin. These cryptocurrencies offer attractive advantages over traditional modes of payment. With blockchain, retailers can start accepting payments in the form of digital tokens. Especially in cases where the regular transactions either don’t work or need way too much processing to even be viable. Another complimentary benefit would be the trail left behind by this new mode of payment. Whenever a cryptocurrency transaction is made it leaves an end to end trail that can easily be traced back to its source. This will drastically reduce the burden on the accounting department of big firms. Instant payments, instant refunds, instant settlements can be deemed possible with blockchain. Cross border payments and micro transactions are more easily handled via digital currency. Also when large amounts are transferred from offshore, blockchain makes it easy to store and record. A few startups have taken strides in this direction. TenX, a startup in Singapore has successfully connected the Visa wallet to the digital wallet. Thus, allowing consumers to use their Visa cards for payments. BitPay has integrated bitcoin and the sales point, allowing retailers to accept digital payments. Closing thoughts The adoption of blockchain technology in the retail industry will allow transparency and traceability – giving customers choices and confidence in retailers they can trust. Retailers can ethically consume the required data without compromising the customer in any manner. This will surely improve public relations and brand imaging as well. A blockchain-based solution can provide product authenticity and quality by building trust between consumers and retailers and within the entire retail supply chain. If you are looking to integrate blockchain solutions in your retail operations, do not hesitate to contact our blockchain experts.