The Influence Of Blockchain Technology In Revolution Of Financial Services

Use Of Blockchain In Financial Services

Blockchain and bitcoin have received widespread attention over the past few years. The blockchain is best suitable for environments where the information and a need for validation between two parties are common. Blockchain technology has the capability to provide a new mode of a distributed database within a broad range of applications in financial services. Therefore, the concept of blockchain has energized the financial services industry universally and has already brought a division. Below are some aspects of financial services which blockchain development can affect.

1. Capital Markets

  • With the help of blockchain technology, it is possible to transfer value more efficiently, it can even shift the flow of capital.
  • When the financial services industry can use blockchain, it can contribute to the excessive fee-charging intermediaries such as clearers or custodian banks.
  • Essentially, blockchain can offer better capital optimization due to a compelling reduction in operational costs for financial institutions.
  • Crowdfunding brought the greatest impact to date. The rise of ICOs offered a unique method of funding projects.
  • There is likely to be a constant shift in how businesses can access capital and financial support, especially at the start-up level. Additionally, we may see new and unique financial instruments created. For example, in the U.S. there have been proposals to develop a Bitcoin ETF.

2. Payments And Clearance

  • Financial markets can probably see a large shift in the processing of transactions.
  • Digital currencies and blockchain make it possible to eliminate certain elements of doubt in transactions. This will change the role of intermediaries.
  • As blockchain allows users to introduce a wide range of validation mechanisms it is likely to impact a variety of transactions including escrow arrangements and simple person-to-person wire transfers.
  • Blockchain technology could significantly improve payment transparency, efficiency, trust, and security as well as reduce costs for all the financial services firms and users.

3. Improving Supply Chain Inefficiencies

  • Each part of the supply chain is usually suspicious of the other which results in third-parties acting as a protector.
  • Blockchain developers use smart contracts on the blockchain to change legal documents and eliminates the need for documents such as Letters of Credit.
  • This can reduce the cost typically incurred by eliciting the middlemen.
  • By reducing the number of components in the supply chain, it can increase the trust which can be further supported by the blockchain’s fundamentals of contract transparency.

4. Insurance Sector

  • Insurance is a conclusive contract between two parties which includes number steps such as the filing of a claim, premium payments, settlement of claims, and investigation.
  • The use of blockchain technology may change the way of insurance business runs by using the distributed ledger system and by changing the legal contracts with the smart contract.
  • The other way it can help the insurance sector is in settling unclaimed files since the blockchain registry will help in connecting the dots.

5. Fraud Reduction

  • In spite of being a new technology, blockchain’s potential to reduce the fraud in the financial sector is acquiring a lot of attention.
  • Majority of the banking systems are liable to cyber attacks since they are built on a centralized database which makes it more vulnerable.
  • While blockchain being a distributed ledger it has a timestamp on each block of individual transactions that holds a link to a previous block.

Conclusion

Blockchain technology has the potential to impact a large group of legislative regimes that may need to change to survive with the new technology. The use of this technology can give an opportunity to the financial institutions to win the confidence of customers since it can make the processes simplified and transparent. There are blockchain development companies like OpenXcell Technolabs that provides blockchain services like Smart contracts, Smart Contract auditing, Hyperledger, Exchanges and Wallets, which can be helpful in bringing a revolution in the financial service sector.

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How Will The Blockchain Technology Impact Mobile Application Community?

blockchain on mobile app

As there is an immense competition existing in the current marketplace, startups are struggling to make use of newer technologies to emerge in the competition. One such new technology being used by startups is the blockchain technology. It has been popular since long due to its affiliation with cryptocurrencies like Bitcoin. Now, we can even see the use of blockchain technology in the mobile apps not only for making the transactions fast but also securing the most important information of a user.

 

  • Why Do Mobile App Developers Use Blockchain Technology?

 

Initially, blockchain technology has been well-known for the stable functioning of every cryptocurrency, but now it is also popular as a database that we can use in almost any mobile application. Being a decentralized ledger blockchain tracks the transactions between different parties. This feature of blockchain makes the system very transparent. This technology can integrate multiple areas. Any peer-to-peer transactions in the mobile apps prove to be a natural fit with blockchain technology.

Decentralized apps (DApps) is the other name for the blockchain-based apps. It can disrupt the existing business models markedly by providing lower-cost solutions. It can replace the manual, time-consuming processes to automated processes with the use of blockchain technology.

 

  • Use Of Blockchain In Having Creative UI Of The App

 

While including the blockchain technology into the development of a new app, the most important thing for UX/UI designers will be to figure out how they can leverage the key benefits of this technology while providing a simple and perceptive experience to its users.

Blockchain technology is going to have a huge impact on the following:

  • Digital identity
  • Advertising and marketing
  • Banking
  • eHealth
  • Digital voting
  • Smart contracts
  • Digital voting
  • Law

While implementing blockchain technology on the above areas and making a new app for it or updating currently working app into blockchain-based apps, the impact of it must not change the UX/UI of the app. Following are the principles of UX/UI design which one must look at while designing or redesigning an app.

  • Embrace design consistency
  • Control over irreversible errors and actions
  • System feedback
  • High productivity and learnability
  • Design for real-world apps

Advantages Of Blockchain-Based Mobile Apps (DApps)

 

 

  • Inherent Security: As DApps rely on a blockchain to store any sensitive data, they are able to guard data against any intrusion.

  • Logical Integration With Cryptocurrency: Bitcoins introduced the technology that DApps depend on.

 

  • Opposition To Corporate Intervention: Traditional apps depend on their mobile app developers to facilitate transactions and make decisions about the structure of the platform, while DApps operate everything on their own.

 

Conclusion

The upcoming years will observe blockchain technology being built into countless mobile app developments, varying from the supply chain to retail to finance, and many other industries. Coming blockchain era will approach in the foundation of more blockchain development companies. This enhancement will highly provide security to all the latest mobile options for various industries.

Recently, blockchain development companies like OpenXcell are integrating blockchain technology with mobile app development projects, and are expanding the helpful resources for this technology. OpenXcell tuned for the blockchain development demands and is offerings blockchain development services to the global scale businesses across all varied industries.

How Does Blockchain Technology Influence The Solar Energy And Its Business?

Impact Of Blockchain Technology On Solar Energy

In recent times, the pernicious effects of climate change, including a rising sea level and extreme weather conditions, global warming, have become more and more conflicting. Climatic levels of carbon dioxide have also been rising for the past few decades due to brisk in industrialization. To overcome this issues, blockchain developers have come out with some innovative ideas and blockchain-based platforms that can help solve all the environmental crisis. So let’s check out blockchain technology matter for solar energy.

Blockchain For Energy

The evolution of a new energy world has contributed to the development of several decentralized, digitized and decarbonized use case applications using blockchain technology, such as electric vehicles charging, renewable cryptocurrencies, and automated bill payments.

The blockchain technology serves as a smart transaction platform at a systematic level that gives rise to households, consumers also become producers and sellers of energy with a high degree of freedom. The grid and utility operators have become more efficient by being able to balance the supply and demand in real-time by engaging these prosumers directly.

Potential Of Blockchain Technology In The Field Of Solar Energy

There are a heap of akin smart devices in the IoT, which combines with blockchain technology to allow the designing and implementation of decentralized power distribution, solar energy trading, and amazing applications for power production.

The energy companies get the opportunity to make significant cost-saving and process efficiencies with the help of blockchain technology. In the recent times the of low gas and oil prices, are too compelling to ignore. There is the possibility to reduce the costs of procurement and to increase the efficiency of services and goods. With the use of blockchain, there are possibilities to incorporate smart meters, in which computers could automatically reconcile demand and supply in real time.

Blockchain technology makes it possible to manage energy networks independently through smart contracts. With blockchain, you can self-execute the programmable contracts that enforce contractual obligations.

Why Is Blockchain The Best Solution For Solar Energy In 2018?

  • Increase In Utility Investment In Blockchain Technology: ICOs recently makeup 75 percent of funding in the blockchain energy industry and will continue to be an important fundraising method in upcoming years.
  • In the US the blockchain utilities have entered the pilot phase
  • The wholesale trading of energy breaks into the commercial deployment
  • Peer-to-peer tradings of energy serve as the focus of most pilots, accounting for almost 59 percent of completed and planned projects.

Benefits Of Using Blockchain Technology & Solar Energy

  • Peer-to-peer
  • Smart Grids
  • Smart meters
  • Better maintenance

Conclusion

The use of blockchain technology is still in its early stage in pondering the possibilities for the future of energy and the environment. It can not only reformulate the current broken electricity systems but can also motivate new levels of environmental awareness and climate action. As blockchain technology holds the ability for any process where the recording of transactions or information needs organizing and where a large number or associations share the data.

Blockchain development company like OpenXcell is expanding its services in developing blockchain-based solutions and services. It helps customers to develop their blockchain-based applications and enlarge their business.

Wearable Technology Is Remodeling The Healthcare Industry In 2018

Wearable-health

The wearable devices are making a huge surge in the healthcare industry by applying machine learning algorithms that can check for sleep apnea, detect diabetes,  and heart disease which was previously only detectable through analysis of blood and urine. Statista predicts wearable technology devices will increase to 830 million by 2020. Wearable devices have the potential to collect and analyze the data which has enormous consequences for society.

What Can Healthcare Wearable Devices Do?

1. Heart Rate Health Monitoring

Heart rate can offer valuable awareness about a person’s health. An increased heart rate is a sign of an imminent heart attack, and an irregular heartbeat can sign of concerning conditions. Nowadays there are many fitness wearables that provide heart rate tracking, it also includes a help button that connects to a 24/7 response center. Devices like these monitor your heart rate and also give you information on what those metrics mean for your health. Example of such devices is Jawbone UP3 and UP4.

2. Patient Data Monitoring

There are some wearable devices that use a combination of under-bed sensors and apps to track your heart rate and respiratory rate while you sleep. It collects and stores this information to monitor chronic conditions like Congestive Heart Failure. It can even note an abnormal heart rate or signs of atrial fibrillation, which can lead to issues like blood clots and stroke.

3. Health Insights

Besides monitoring for health issues, healthcare wearables still do what they primitively do. They become more advanced in the health data they provide. They provide guidance on what you can do to improve your workout routine. It starts giving information to be more active, to help reduce stress levels, and sleep better.

Why Is Wearable Technology Rapidly Accepted In Healthcare Industry?

  1. There is an ample bunch of different wearable technology available in the market
  2. Wearables collect significant data
  3. Clinical trials can use the data collected by wearables
  4. The collected data from wearables can be the future of healthcare

Future Of Wearable Technology In Healthcare

  • The wearable technology in the healthcare field, creates activity tracking devices, pacemakers, and hearing aids.
  • In the future, we should see growth which completely removes the need for bulky files for each patient.
  • All the necessary information would be made available easily on the wearable application platform.
  • The market research and business intelligence firms predict a surge in the market set to reach $150 billion by 2027 of in the sales of wearable devices in the coming years.
  • The growth of wearable devices in the healthcare industry and the requirement for more data about the current and future health patients are the key elements pushing the market.

 

Conclusion

Wearable technology is constantly changing and continuously evolving. Calibrating and calculating has never been so small that one can wear it so comfortably on the body, providing opportunities for medical breakthroughs. Current market researches and statistics present us with a bright picture of the wearable industry. As wearables devices and their applications continue to multiply, wearable devices app development companies like OpenXcell is coming up with innovative ideas to help its customers launch their wearable apps that have the potential to gain a lot of attention and generate plenty of revenue in the market. The wearable app developers of OpenXcell are knowledgeable and veteran in developing wearable apps.

How Can Converting The Mobile User Into Customers Help In App Store Optimization?

Mobile Users

With millions of applications and games in the market, it becomes more and more arduous to be successful out there. If you want to approach more people and boost your downloads you need to plan a legitimate app store optimization strategy. In our last article about mobile app marketing, “How Can Keyword Oriented App Name Help In App Store Optimization?”, we discussed the use of keywords in app store optimization. Today in this article we are going to look at how beneficial it is for your app to convert the mobile users into customers.

Optimizing the app store page is the next core step of ASO after keyword optimization. The initial goal of ASO is to increase the app installs. For this, the app detail page has to be alluring enough to convert the app store page visitors to app users. Let’s go through few things related to app store page that mobile app developers can look out for.

  1. App Icon
  • While designing a good icon, keep it simple and eye-catching.
  • Make sure that the icon looks good even when it is in the smallest size required by the app store.
  • The app icon should also look good against light and dark backgrounds.
  • Different shapes, contrasting colors, or the addition of a frame can also help in having a great icon.
  1. Screenshots
  • Majority of the users won’t swipe past more than first two screenshot images. Therefore using the two best screenshots can increase the conversions.
  • Each screenshot should give a single message about your app. You must display your strongest messages in the first two screenshots.
  • By adding a short caption text on a clean background into your screenshots, you can impress a positive impression in the viewers’ mind.
  1. App Localization
  • To get more downloads of your mobile app, localizing your app is a must. But localizing the entire app to many languages can be a difficult task.
  • Consider localizing your app listing first, before localizing the whole app. This means translating app store keywords, your app name, screenshots, etc.
  1. Ratings & Reviews
  • Ratings and reviews play a very important role. Especially by keeping the user’s point of view and anticipation in mind.
  • Majority of the users does not leave a rating or a review, a very small minority will leave negative reviews if something has crashed.
  • A constant flow of positive reviews serves as the highest validation of the app’s quality.
  1. Frequent Updates
  • Customers are looking for apps that are constantly improving with regular updates.
  • Statistics signifies a high correlation between high ratings and app update frequency.
  • Updates improve user loyalty and keep an app top of mind because your app will show up in the updates list in the app stores.
  • Updates should not be for the sake of doing, it should always improve your app in some ways.

Conclusion

When you take care of all the above details, it can help you make a proper app store page. Having a perfect and alluring app store page benefits you in converting your visitors into your customers. A majority of the visitors installs your mobile app if and only if they find the app store page attracting and useful. To know more about all mobile app marketing techniques to optimize your app store keep following our forthcoming articles of. To get a more clear idea about ASO and to get you app store optimized, you can contact the experts from OpenXcell who have a clear and focused strategy of ASO for your app.

What Exactly Is Intelligence Supply Chain? And How Blockchain Can Bring A Difference In It?

Blockchain Supply Chain Final

Fundamentally, the use cases of blockchain technology for supply chains are typically associated with traditional commerce that is using a distributed ledger to secure and expedite the sequence of resources, material, and processes that can distribute and produce services for consumption. But when we talk about intelligence production and promulgation it is commonly assumed as collecting information on military, law enforcement, or political value. This is a supply chain process and all its assets are communal with the decision makers that later takes the form of information about entities of interest.

In this column let’s have a look at how blockchain technology for these non-traditional intelligence supply chains provides an immune, distributed ledger of intelligence information. This information of intelligence supply chain comes with instantaneous access to a trust-worthy, common, verifiable source of intermix intelligence. This piece of information is a complete derivation to the civilian law enforcement officials, intelligence analysts, and military force commanders.

Why Blockchain For Intelligence Supply Chain?

  • The blockchain technology traces the provenance and refinement of intelligence assets during the whole lifecycle and across the intelligence supply chain.
  • It provides the accurate, tamper-proof current-state and origin of each entity, place, thing, and their relationships, from the stage of creation to removal in an immutable and shared intelligence asset ledger.

The Problem With Intelligence Supply Chain

  • A continuous identification and assessment of collected intelligence data in disparate pieces,  map by intelligence collecting, processing, evaluation and dissemination (PED).
  • This new piece of information is akin to unknown and known entities of interest in an attempt of developing, maintaining, and providing the accurate and complete understanding of it to the decision-makers.
  • Still, the intelligence products and its related source data are generally disintegrated, incomplete, and even antagonistic. Therefore, this makes it tough for the decision-makers to know how reliable any piece of information is.
  • The analysis at the initial stage is typically performed on a per-sensor basis rather than on holistic-entity basis, fusion, entity updating, assessment and leaving the hard job of all-source correlation to later stages of the intelligence supply chain.
  • Distinctive systems, people, and processes work on the data, by storing their independent products (findings) and results in different systems and by relying on wide enterprise search solutions and meta-tagging to find the incoherent information when the need appears.
  • As there is no single, authoritative origin for the collected findings of these intermix intelligence entity assets, it becomes difficult for the decision-makers to trust and take appropriate decisions on time.

What Solution Can Blockchain Supply Chain Bring To This Problem?

  • A blockchain intelligence supply chain provides system support with a secure, trusted, shared ledger to the intelligence users and their decision-support systems, by providing the most current known state of an entity as well as its history.
  • Any sort of intelligence-based updates proposed to entities in this common ledger requires authorization and general agreement within applicable and authorized intelligence network. This is before to writing the agreed upon updated information to the append-only unchangeable ledger.
  • As soon as it is in the ledger, it instantly becomes available for consumption by existing analytic and decision-support systems.
  • The best part of the public-key cryptographic infrastructure (PKI) and blockchain technology is that it ensures that each ledger transaction is encrypted, cryptographically chained, and signed to all preceding transactions to provide privacy, accountability, immutability, the un-frame ability for protecting from being accused of doing something that you didn’t do.
  • Smart contracts and authorization policies ciphered in signed, encrypted programming language and applied by each authorizing supply chain member before committing any updates to the ledger certainly define and implement intelligence community verification and validation business policies to each projected entity update transaction or business.
  • Each and every member of the intelligence supply chain has their own local detail of the ledger for speedy accessibility.
  • All signed ledger updates are independently applied and synchronized across each node in the intelligence supply chain using an automated consensus mechanism to ensure every member has a consistent view in almost real time.
  • The finely-grained security controls ensure that intelligence-data users and intelligence supply chain members can only see the information.

Conclusion

Blockchain technology provides most trustworthy intelligence with a permanent and transparent record of all entity-related intelligence findings. It provides easier access to a single source of truth. Blockchain gives agitable justification for intelligence-based decisions. Therefore, blockchain-based intelligence supply chain is much better and more secure. Blockchain development companies like OpenXcell provides the finest services for blockchain supply chain. The team of expert blockchain developers of OpenXcell deals with all the requirements for creating a transparent supply chain process with a clean distribution of data by developing a distributed ledger for your supply chain.

How Can Blockchain Technology Create A New Scope For Digital Identities?

Digital Identifiers Using Blockchain Technology

We all leave our impression on the digital platform whenever we do business on the internet. The more we use the digital platforms, the more we leave digital traces behind us. The internet discloses users personal and financial data when they use financial transaction services such as Paypal, credit card processors, direct banking, Google Wallet, Apple Pay, Amazon Pay, Square, Stripe, Venmo, and cryptocurrencies. There are more than 1 billion people worldwide that face identity challenges.

Personal details of people like their birthdates and home addresses have always been accessible through a quick Google search and it is something we have no control over. Nowadays the dark web turns up the information many of us still hold precious such as social security numbers, bank accounts, health insurance details, and whatever else a criminal may desire. Majority of us don’t read the small print or too deep technical assessments before sharing our information online.

With the evolution of blockchain technology and blockchain development services, the word privacy may regain its meaning. Blockchain technology has the ability to control information and avoid duplication. This means that the idea that individuals can control their personal data no matter where they are, could be a reality for the first time.

The End Of Identity Theft

  • Self-sovereign identity is a great idea as it can put an end to many issues that impact consumer privacy.
  • To manage identities by using a blockchain ledger can make it extremely difficult for fraudsters to wreak havoc without leaving an obvious digital trail.
  • Each and every block in the blockchain is made upon its predecessor, and this cryptographic nature of the blocks make it hard to alter information stored in the existing blocks.
  • This system averts nasty actions by data keepers.
  • The blockchain technology eventually makes identity theft more difficult to execute.

Decentralized Identifiers(DiDs) Based On Blockchain

  • An unchangeable record of blockchain ledger is what allows individuals to take charge of all the information that is within their identity.
  • Every individual can regain complete control of their data with the help of blockchain-based Decentralized Identifier.
  • These identifiers are basically a secret URL stored on a blockchain ledger.
  • Generally, when you sign up for a new app, typically you will have to share your name, email address, and other basic information. With the use of DiDs, this process becomes faster and secure.
  • Decentralized Identifiers empower individuals to swiftly update their personal details.
  • The services that are using your Decentralized Identifiers automatically have the updated information. This process is much better than enabling misinformation run free.

Benefits Of Blockchain For Digital Identity Management

  • The blockchain technology has an astounding capacity to transfer the online identity management.
  • A great amount of user’s personal data like their name, age, address, financial and social records, are put together for creating an online profile.
  • All these information gets adds up to our online profile, on which we have no control. The people who control these data of yours can share it with third-party companies. That is the reason why cyber crimes and frauds scare us.
  • Blockchain technology has the ability to track where is our data stored or where it is used. The data stored in a decentralized manner has a clear history of transactions which is visible to the people connected to a peer to peer network.
  • The consumer that is using blockchain gets better privacy protection and they can take control of their own data.
  • For businesses, blockchain helps to minimize risks and cost of data breach.

Conclusion

The use of blockchain technology for the password and identity verification status is gradually increased at tackling vulnerabilities. The blockchain is showing a new path that can deliver significantly less risk alongside far greater upside. Nowadays each and every industry is adopting this technology, as it provides high security and is robust by nature. There are blockchain development companies like OpenXcell that is all ready to help each and every industry by developing blockchain-based systems for them. OpenXcell has an excellent team of skilled blockchain developers, that can develop and design all the services ranging from simple to advanced blockchain architecture to meet your business specifications.

Why Is Blockchain Technology Analyzed As The Future Of Supply Chain Management?

BlockChain The Future Of Supply Chain Management

Blockchain Technology is mainly known for its use in Bitcoin, it is used as a means of hyper-security. Supply Chain management is also a platform where the use of blockchain technology is emerging day-by-day. With the use of blockchain technology in a supply chain, there is some sort of transfer of ownership. The blockchain is also expanding in the financial services industry. The use of blockchain technology makes settlements and international payments more transparent, secure, and efficient.

The usability blockchain has always been to enhance food and drug traceability, monitor shipping RFID tags, and protect important documents. The blockchain technology is eventually able to reduce the cost and time of all sorts of global supply chains. The market for global blockchain in a supply chain maintains a compound annual growth rate of over 48% from now to 2023, as the increase in blockchain development company is constant.

Why Use Blockchain Technology?

The blockchain technology is gradually becoming the backbone of a digital supply chain. Here are few of its advantages of blockchain technology over digital supply chain:

1. Smart Contract

  • By implementing smart contracts the entire process of payments can be made frictionless. With a smart contract, you can automatically pay the manufacturer by setting the criteria according to the on-time delivery and quality.
  • The complete system of blockchain supply chain allows seamless, quicker, and secure transactions across every level.
  • Blockchain technology can also provide public cloud services.

2. Transparency And Traceability

  • This challenging and difficult process of traceability can be simple and automatic by using blockchain technology efficiently.
  • In near future, blockchain will be able to trace every product to the origin of raw material used. This feature can give a sense of safety to the customers, as they can know everything about the making process of the product.
  • The process of tracking the quantity and transfers of material between supply chain partners are just some exemplary use cases.

3. Data Validation

  • Every stage of a transaction has data validation, be it transactional stage or agreement stage.
  • The blockchain technology imparts an added level of security to the supply chain.
  • It keeps records of products, delivery, and documents on this immutable ledger.
  • This technology has the capability to transform the current supply chain management system completely, rather than just automating the process.

Future Use Cases Of Blockchain Supply Chain Management

  • Tracking of goods will remain a major target for future supply chains.
  • To accomplish reliable and transparent documentation of all transactions in supply chains, it should go to a new level of maturity.
  • The collection of data is visible in real-time to all members of the supply chain through blockchain platform and it guarantees data manipulation and availability security.
  • The auditing of real-time quality data can allow companies to minimize their response time to events.
  • In short, the blockchain technology extends the efficiency and facilities in world trade with a real-time approach.
  • Blockchain also enables you to create a distinct approach for both your customers and partners.

Conclusion

The blockchain technology is definitely the future of supply chain transparency. It will change the current way of supply chain system. Be it the financial services or cryptocurrency or food product shipments, blockchain technology is still on acceleration. There are companies like OpenXcell, that are talking the supply chain management to the next level with the help of blockchain technology. OpenXcell has a team of expert blockchain developers who are ready to help you in creating a transparent supply chain process with the clean distribution of data by developing a distributed ledger for your supply chain.

Blockchain Technology: The Best Solution For Cross-Domain Security

Blockchain Cross-Domain Security Solutions

The design of a blockchain business network definitely shares information from different institutions by distributing ledger transactions to peer nodes located throughout the business network. This process includes nodes physically located within a competing organization’s security domain and environment. The same security design of blockchain has features to enable these secure cross-institutional information transfers which admirably suites to ensure the efficient, cost-effective and safe transfer of information.

For secure information exchanges across network security domains, the well-suited platform is Hyperledger Fabric blockchain. A blockchain-based cross-domain solution is likely to be less complex, less expensive and more effective solution than traditional according to the blockchain developers. These special-purpose cross-domain guards the system when checking the high stakes security risks of cross-domain.

Security Challenges The Organizations Face With Traditional Cross-Domain Solutions

  • Organizational sectors like public, private, government and military, protect and classify their information from the security risk it poses if disclosed without authorization.
  • The most basic form of protection is separating information of different security levels on completely separate communication networks and IT infrastructures.
  • Generally, highly functional systems that are known as cross-domain guards, sit at the confines of each security domain to read files from a designated source location.
  • These controls and filters confirm the integrity and contents of the file to satisfy security policies and then write the file to a designated target location in the other security network.
  • These data flow of cross-domain are either low-to-high or high-to-low.
  • The matter with low-to-high guards is to prevent the introduction of dangerous computer files like malware or viruses, and preventing a reverse flow of data.
  • While the concern for high-to-low guards is to prevent unauthorized exposure of higher classification data to the lower classification network.
  • The traditional cross-domain solutions are expensive due to complex and lengthy implementation processes and specialized equipment.

Blockchain Solutions For The Cross-Domain Security

  • When we talk about blockchain network, its role is to accomplish the cross-domain network peer that is installed on a high assurance platform which is known as a High-Security Business Node.
  • The data that moves within the blockchain’s distributed cross-domain network takes the form of cryptographically secured transactional updates to a shared ledger.
  • This ledger is held by each node in a specific members channel of the business network.
  • Another peer node of the blockchain network exists in other security domains which can be either high or low and they receive the protected blocks of signed ledger transactions.
  • This signed ledger updates to peers located on the opposite security domain occur via the border High-Security Business Node to provide security by blockchain.

Benefits Of Blockchain Cross-Domain Solution

  • Auditable control of asset information throughout the life cycle
  • Sharing of information rather than only moving data
  • Reduction in cost with higher security
  • Single-shared view of each asset, regardless of a network domain.

Conclusion

A cross-domain solution by blockchain reduces erosion to your information exchange process and improves traceability, accountability, and accessibility of information exchange. The blockchain technology is most beneficial because of its excellent security solutions for all domains. There are blockchain development companies like OpenXcell that has skillful experts in blockchain who can help you out in securing your system with the use of blockchain technology.

4 Top Enterprise Mobile App Trends You Need to Pay Attention Now – OpenXcell

Mobility is impacting businesses over a large extent. Apps stand as the key interface platform to interact and perform every business function and employee workflows today. Right from employee management to data management, customer management and business management, many companies are using enterprise mobile apps to transform their tasks and improve productivity. The purpose is to engage effectively with employees, customers and partners. The Global Enterprise Mobility Market is likely to touch 2.9 billion U.S. dollars in 2019. The surging demand for Enterprise Mobile App is currently driven by four new trends.

Source: 4 Top Enterprise Mobile App Trends You Need to Pay Attention Now – OpenXcell