Featured Post

Step-by-Step Guide to Creating an AWS RDS Database Instance

-
Image
 Amazon Relational Database Service (AWS RDS) makes it easy to set up, operate, and scale a relational database in the cloud. Instead of managing servers, patching OS, and handling backups manually, AWS RDS takes care of the heavy lifting so you can focus on building applications and data pipelines. In this blog, we’ll walk through how to create an AWS RDS instance , key configuration choices, and best practices you should follow in real-world projects. What is AWS RDS? AWS RDS is a managed database service that supports popular relational engines such as: Amazon Aurora (MySQL / PostgreSQL compatible) MySQL PostgreSQL MariaDB Oracle SQL Server With RDS, AWS manages: Database provisioning Automated backups Software patching High availability (Multi-AZ) Monitoring and scaling Prerequisites Before creating an RDS instance, make sure you have: An active AWS account Proper IAM permissions (RDS, EC2, VPC) A basic understanding of: ...
Post a Comment

KYC: Top BlockChain Application Read Today

-
SBI is now pressing ahead with its first implementation of the decentralized technology by using an enterprise blockchain solution for managing its Know Your Customer (KYC) system, via a new partnership with Intel that sees the technology giant become the consortium’s official technology advisor.


KYC: Top BlockChain Application Read Today



What is KYC


  • Know your customer means all banks update information about their customers. Customer details are Phone number, Aadhar Card, PAN, Home Address, etc. These details are mandatory to update once in six months.
  • Blockchain Platform to Use in KYC is Hyperledger Sawtooth
  • The enterprise blockchain will run on Hyperledger Sawtooth, a modular platform for developing and deploying blockchains, developed by Intel – a member of the open-source Linux Foundation-led Hyperledger project. The blockchain will also be supplemented by Intel Software Guard Extensions (SGX) to boost the blockchain’s privacy, security, and scalability.
  • The blockchain solution will be delivered by Primechain, an Indian blockchain startup powering the Bankchain consortium.BlockChain applications
  • The solution will help SBI to increase the efficiency of financial transactions without having to compromise data confidentiality and transaction security.
  • Intel SGX can improve blockchain privacy, security, and scalability while Hyperledger Sawtooth is open source and takes advantage of silicon features like Intel SGX to deliver a blockchain application platform.


Blockchain Technology


  • Blockchain is an emerging technology that has the potential benefits to transform traditional business processes and the ways in which data is exchanged by consumers and financial institutions.
  • Blockchain eliminates the need for intermediaries, improving business efficiency, and reducing cost and transaction complexity.

Comments

Post a Comment

Thanks for your message. We will get back you.

Popular posts from this blog

Step-by-Step Guide to Reading Different Files in Python

-
Image
 In the world of data science, automation, and general programming, working with files is unavoidable. Whether you’re dealing with CSV reports, JSON APIs, Excel sheets, or text logs, Python provides rich and easy-to-use libraries for reading different file formats. In this guide, we’ll explore how to read different files in Python , with code examples and best practices. 1. Reading Text Files ( .txt ) Text files are the simplest form of files. Python’s built-in open() function handles them effortlessly. Example: # Open and read a text file with open ( "sample.txt" , "r" ) as file: content = file.read() print (content) Explanation: "r" mode means read . with open() automatically closes the file when done. Best Practice: Always use with to handle files to avoid memory leaks. 2. Reading CSV Files ( .csv ) CSV files are widely used for storing tabular data. Python has a built-in csv module and a powerful pandas library. Using cs...
Read more

SQL Query: 3 Methods for Calculating Cumulative SUM

-
Image
SQL provides various constructs for calculating cumulative sums, offering flexibility and efficiency in data analysis. In this article, we explore three distinct SQL queries that facilitate the computation of cumulative sums. Each query leverages different SQL constructs to achieve the desired outcome, catering to diverse analytical needs and preferences. Using Window Functions (e.g., PostgreSQL, SQL Server, Oracle) SELECT id, value, SUM(value) OVER (ORDER BY id) AS cumulative_sum  FROM your_table; This query uses the SUM() window function with the OVER clause to calculate the cumulative sum of the value column ordered by the id column. Using Subqueries (e.g., MySQL, SQLite): SELECT t1.id, t1.value, SUM(t2.value) AS cumulative_sum FROM your_table t1 JOIN your_table t2 ON t1.id >= t2.id GROUP BY t1.id, t1.value ORDER BY t1.id; This query uses a self-join to calculate the cumulative sum. It joins the table with itself, matching rows where the id in the first table is greater than...
Read more

PowerCurve for Beginners: A Comprehensive Guide

-
Image
PowerCurve is a complete suite of decision-making solutions that help businesses make efficient, data-driven decisions. Whether you're new to PowerCurve or want to understand its core concepts, this guide will introduce you to chief features, applications, and benefits. What is PowerCurve? PowerCurve is a decision management software developed by Experian that allows organizations to automate and optimize decision-making processes. It leverages data analytics, machine learning, and business rules to provide actionable insights for risk assessment, customer management, fraud detection, and more. Key Features of PowerCurve Data Integration – PowerCurve integrates with multiple data sources, including internal databases, third-party data providers, and cloud-based platforms. Automated Decisioning – The platform automates decision-making processes based on predefined rules and predictive models. Machine Learning & AI – PowerCurve utilizes advanced analytics and AI-driven models ...
Read more