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Smart Contracts

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Few technological innovations in recent times have captured the popular imagination or changed whole industries as much as blockchain technology. Much touted sometimes as the backbone of cryptocurrencies, blockchain means so much more than being the underlying mechanism behind Bitcoin and other digital currencies. It is going to bring a sea change to how data can be securely stored, verified, and shared across decentralized networks. This is disruptive technology that brings openness, security, and efficiency…

Decentralized finance, or DeFi, will replace the current financial system in the future. Through DeFi, we become familiar with digital currencies. Decentralization is one of the distinctive features that sets apart traditional financial markets. By “decentralized,” we mean the control and decision-making regarding money (in the entire financial system) of a country by specific authorities and central banks (certain individuals and groups). In other words, financial flows of a country are centrally controlled by government…