Posts

Showing posts with the label examples-of-blockchain-in-finance

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: ...

10 Top Blockchain Advantages for Finance Projects

Image
In the business world, the transactions are — orders, payments, account tracking and much more. Often, each participant has his or her own ledger — and, thus, a version of the truth that may differ from other participants. Top Blockchain Features   You can avoid fraud... These multiple ledgers can be a recipe for error, fraud, and inefficiency. But because members on a blockchain share a common view of the truth, it’s now possible to see all details of a transaction end-to-end, reducing those vulnerabilities . Ordinary ledger Vs Shared Ledger Each participant has his own, separate ledger — increasing the possibility of human error or fraud. Reliance on intermediaries for validation creates inefficiencies. Can become a paper-laden process, resulting in frequent delays and potential losses for all stakeholders. How to Avoid the Complexity Single, shared, tamper-evident ledger — once recorded, transactions cannot be altered. All parties must give consensus before a new transa...