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Smart Contract: What’s behind the smart contract

In simple terms, a smart contract is a piece of computer code based on a blockchain according to predefined terms that contracting parties have agreed to. Smart Contract: term and meaning The Smart Contract contains the terms of the agreement between parties and a set of predefined rules that execute themselves when certain conditions are met, such as the release of funds to one of the parties...

5 predictions for blockchain technologies 2022

Blockchain technologies have become mainstream. Yet the field is full of innovations, such as crypto assets, DeFi and NFTs. Ten predictions for 2022 highlight what developments we might expect to see. Last year, the market capitalization of cryptocurrencies reached USD 3 trillion for the first time. At the beginning of the year, it was less than USD 800 billion. DeFi now has a Total Value Locked...

Project management and virtual reality – does that go together?

Projects around virtual reality (VR), augmented reality (AR) and mixed reality (MR) are already being carried out with common project management tools. Today, we ask conversely how project management can benefit from the integration of this technology. About the terms The starting point of the following exemplary representations is a person going to the supermarket for shopping. In mixed reality...

Is the future of corporate finance really decentralized?

Enthusiasts of cryptocurrencies believe they can force banks out of the lending business. That would be an aberration. Why “crypto finance” and “stable coins” are simply no good for CFOs. Bitcoin, the best-known cryptocurrency, is highly attractive to many capital market participants, but that leads to a big problem: extreme volatility. The significant fluctuations in...

Cryptocurrencies and sustainability: Let’s get into the reality

Did you know that the estimated annual electricity consumption of the cryptocurrency Bitcoin is greater than the entire annual electricity consumption of the Netherlands? (As of June 2021) One blockchain consumes as much electricity as an entire country with over 17 million inhabitants. This electricity consumption is mainly due to mining. Mining, simply put, is the process by which...

Gamification: with game (drive) to success

When professional or everyday tasks become a burden and the fun in the activities is missing, it is time to rethink. Gamification then sets new incentives and thus boosts the motivation of employees and customers again. Read here how to make gamification work for your company. Gamification – definition and origin The term gamification is derived from the word “game”...

Smart Contracts Blockchain simply explained

The Smart Contracts Blockchain definition is not that difficult with a little technical understanding. Smart Contracts Blockchain is a computer code that runs on a blockchain and contains a set of rules by which the parties to this smart contract agree to interact with each other. If the predefined rules are followed, the agreement is automatically enforced. The smart contract code facilitates...

What does a backend developer do?

Nowadays, a professional Internet presence is essential for successful companies. To attract customers for products and services, backend developers are needed – programmers who specialize in web technologies. Competent backend developers have very good chances on the job market. The backend (also spelled back end) is the “underbelly” of a software or web application. It is the...

E-commerce development – 5 reasons that speak for online trade!

It all started in the mid-1990s with the creation of Amazon and eBay. The need for store software was born. For the first time, it was possible to buy and sell products over the Internet. As digitization continued to advance, the world of online commerce also became more diverse. Yet many retailers are still reluctant to invest in e-commerce today. Why it can be worthwhile to expand into the...

How does augmented reality solve problems in the logistics industry?

Modern technologies are beginning to impact literally every industry. And while most augmented reality (AR) activities in the industry are still in their infancy, we know from our own experience that the first implementations are the most important. They are what make a much wider audience aware of the benefits of AR. This is also true for the logistics industry, which seems to be much less...

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