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Tag: blockchain

OECD’s Digital Education Report 2021, CIO News, ET CIO
Technology

OECD’s Digital Education Report 2021, CIO News, ET CIO

Artificial intelligence(AI) and robotics and blockchain technology when used in a coordinated and combined manner, can potentially revolutionise the education system. The Organisation for Economic Cooperation and Development(OECD) report of 2021 brought to the fore the growing importance of robotics, AI and blockchain technology in the education field ranging from schools to universities. The report highlighted the need for advancement or digital education in recent times citing the following conditions of the present scenario:With the Covid-19 pandemic, many schools transitioned to digital learning to continue the education of the childrenHowever, screen fatigue and stress in adapting to digital devices for a prolonged time created problems in gearing up the learning processTechnologic...
4 Ways Blockchain Technology Will Change Leadership
Technology

4 Ways Blockchain Technology Will Change Leadership

Blockchain technology provides a decentralized, secure way to store and manage data, enabling new levels of transparency and collaboration that transform strategies and operations. With blockchain technology, organizations can create a shared, tamper-proof database to track transactions, assets, and interactions among parties. This provides a single source of truth that everyone can trust, eliminating the need for costly intermediaries and manual reconciliation. But leaders must take a strategic approach to ensure that their organizations can reap the full benefits of this transformational technology. ISTANBUL, TURKIYE - OCTOBER 21: Turkish President Recep Tayyip Erdogan speaks at the BlockChain ... [+] Istanbul program at the Cemil Bilsel Conference Hall of Istanbul University. (Photo ...
Blockchain as a resource; how the technology can bring about a new definition of Enterprise Resource Planning
Technology

Blockchain as a resource; how the technology can bring about a new definition of Enterprise Resource Planning

As blockchain-based applications evolve it is believed that technology’s decentralised and distributed ledger protocol can help with enterprise resource planning (ERP), which refers to the integrated management of main business processes. According to Ultra Consultants, a business management consulting firm, business value addition of blockchain is expected to exceed $176 billion by 2025, and will go past $3.1 trillion by 2030. Insights from Fortune Business Insights, a market research-based company, showed that the global blockchain-as-a-service (BaaS) market size stood at $1.90 billion in 2019 and has been projected to reach $24.94 billion by 2027, at a compound annual growth rate (CAGR) of 39.5%.  “Many companies use ERP systems to streamline their business processes. Blockchain a...
Project Cedar: Improving Cross-Border Payments With Blockchain Technology
Technology

Project Cedar: Improving Cross-Border Payments With Blockchain Technology

Project Cedar is the inaugural project of the New York Innovation Center (NYIC). It is a multiphase research effort to develop a technical framework for a theoretical wholesale central bank digital currency (wCBDC) in the Federal Reserve context. In Phase I of Project Cedar, a prototype for a wholesale central bank digital currency was developed to demonstrate the potential of blockchain to improve the speed, cost, and access to a critical element of the wholesale cross-border payments market—a foreign exchange (FX) spot transaction. Problem Space Wholesale cross-border payments are financial transactions between central banks, private sector banks, corporations, and other institutions based in separate jurisdictions. FX spot trades are among the most common wholesale cross-borde...