What is the benefit of blockchain?

[/vc_column_text][vc_empty_space height="15"][vc_column_text]To understand the benefits of the blockchain, you first need to know what the blockchain is in the first place and how it works. The easiest way to do this is to take a quick look at how messages are traditionally sent. A typical WhatsApp message does not land directly with the recipient, but first finds its way to the operator's server. There, the message is stored and processed. Only then is the message sent to the recipient. Unfortunately, the risk of data manipulation also increases with the usual storage with the operator. This is the main shortcoming of all central networks, because data is made available here that can then be processed, stopped or otherwise manipulated accordingly. Unfortunately, this also applies to the conventional financial system, because banks are also affected by this. A transfer never reaches the recipient directly, but first goes to the responsible institution, i.e. the bank. Ultimately, the bank then takes care of the actual transfer to the respective recipient. The risk here, however, and this has already happened frequently, is that the bank simply stops a transfer. This is the main problem with all central networks. The data, or transfers, can be arbitrarily diverted. There are simply no guarantees that highly sensitive data will not fall victim to misuse. The question of how trustworthy and secure these systems really are has long been up for debate. Unfortunately, it is also impossible to ensure that only authorized persons have access to the data. For precisely these reasons, people have long been on the lookout for new, better and, above all, innovative solutions. The blockchain is precisely this innovative solution.[/vc_column_text][vc_empty_space height="30"][vc_column_text]

What does blockchain mean for the future of finance?

[/vc_column_text][vc_empty_space height="15"][vc_column_text]Traditional credit and financial institutions are now challenged to think about improvements and innovations. In other words, they are coming under increasing pressure to optimize. For this reason, work is being done on blockchain technology in the financial sector in particular. The aim is to enable payment providers, for example, to use the blockchain to secure transactions. Something similar applies to smart contracts. Here, blockchain technology is to be used for smart contracts. This is accompanied by enormous changes, as the central management of organizations would be governed by automated processes.[/vc_column_text][vc_empty_space height="30"][vc_column_text]

FinTech & Financial Services 18.05.2021

The blockchain & financial markets: a big opportunity?

What opportunities does the use of blockchain technology offer the financial industry? One thing is clear: For the end user, modern technology offers greater security and individuality. Here we show what blockchain means for the future of the financial markets.

The financial markets are buzzing with activity, and this is especially true on the stock exchange. Due to the low interest rate policy, investors are looking around for opportunities to generate returns. In the meantime, there is no way around the stock market in this search.

A stock trading app offers many possibilities, because it has never been so easy and convenient to keep an eye on your stocks. But cryptocurrencies, especially Bitcoin, are also making news almost daily.

Whether shares, securities or cryptocurrencies, they all have one thing in common: they offer the prospect of returns that are simply no longer achievable through conventional savings methods.