Blockchain and AI to be mainstay in Realty, disrupt market | Bitcoin | VARINDIA News Hour

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Blockchain and AI to be mainstay in Realty, disrupt market | Bitcoin | VARINDIA News Hour

One of the biggest challenges of IT teams is the difficulty to interpret and respond to incidents quickly. The challenges include how, or which team or analyst should respond, understanding the relationship between incidents, ensuring consistency in response, and gaining feedback to improve the security posture for the future. AI, with its incredible ability, can resolve every challenge in incident response through a more predictable and effective approach. AI can contain the attack spread through faster and accurate detection, retrieve affected assets, and improve security posture. Automated remediation is another feature that uses ML for incident response. AI solutions also use application programming interfaces to automate response and remediation through playbooks. A report by Grant Thornton Bharat says, Technologies such as blockchain and artificial intelligence are becoming boardroom discussion topics as the next few years are going to see a lot of digital-led transformations. The research points out that the pandemic and the growing tech space has accelerated the adoption of new and emerging technologies such as augmented reality, virtual reality, chatbots, big data, marketing automation, IoT, among others. Real estate companies are increasingly using new-age digital technologies in every aspect of searching, buying, selling, and home financing.

According to experts, customer queries right from selecting the right property to after sales queries and arranging virtual visits have been completely redefined. 'With Blockchain in the real estate lifecycle, we can cut the middlemen from the transaction process, reducing the overall fee. Ever since listings became available online, home buyers have been able to search for homes by selecting attributes like location, price, square footage, number of bedrooms, and images of the property, but still don’t fin.

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    One of the biggest challenges of IT teams is the difficulty to interpret and respond to incidents quickly. The challenges include how, or which team or analyst should respond, understanding the relationship between incidents, ensuring consistency in response, and gaining feedback to improve the security posture for the future. AI, with its incredible ability, can resolve every challenge in incident response through a more predictable and effective approach. AI can contain the attack spread through faster and accurate detection, retrieve affected assets, and improve security posture. Automated remediation is another feature that uses ML for incident response. AI solutions also use application programming interfaces to automate response and remediation through playbooks. A report by Grant Thornton Bharat says, Technologies such as blockchain and artificial intelligence are becoming boardroom discussion topics as the next few years are going to see a lot of digital-led transformations. The research points out that the pandemic and the growing tech space has accelerated the adoption of new and emerging technologies such as augmented reality, virtual reality, chatbots, big data, marketing automation, IoT, among others. Real estate companies are increasingly using new-age digital technologies in every aspect of searching, buying, selling, and home financing.

    According to experts, customer queries right from selecting the right property to after sales queries and arranging virtual visits have been completely redefined. 'With Blockchain in the real estate lifecycle, we can cut the middlemen from the transaction process, reducing the overall fee. Ever since listings became available online, home buyers have been able to search for homes by selecting attributes like location, price, square footage, number of bedrooms, and images of the property, but still don’t fin

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    #Blockchaintechnology can disrupt traditional banking systems and it is evident that blockchain technology is 'transformative' and is experimenting with it both internally and via partnerships with start-ups to use it as it relates to financial services. However, when it comes to blockchain in banking, the efforts have been fairly side-lined. Blockchain technology in banking revolutionizes the system by building a decentralized database of digital and unique assets. Through a distributed ledger, it becomes easier to transfer the assets through tokens that represent the assets “off-chain”. The benefits of blockchain in banking work around the creation of tokenized security that carries the potential of cutting out the middlemen altogether and lowering the asset exchange fees. The use of blockchain in banking can be seen across a range of processes. Blockchain acts as a decentralized ledger that keeps a track of the transactions transparently and publicly. It means that instead of relying on custodial services, the transactions can be settled in the public blockchain. This is one of the key ways blockchain applications in banking make transactions speedy and simplified.

    Blockchain has the potential to allow banks to settle transactions directly and keep better track of them than traditional methods such as SWIFT. A standard bank transfer takes a few days to settle due to the way our financial system was set up. Blockchain in consumer banking opens up the scope of peer-to-peer loans – one of the most investment-friendly fintech sectors. When it comes to transporting money throughout the world, many banks confront logistical hurdles. Moreover, when a consumer has to apply for a loan, the banks evaluate the risk they will have to suffer in case of non-payment. They take this decision by looking at the credit score, ownership status, and the debt-to-

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    Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network which has gained popularity in recent years. It offers a unique structure for data accompanied by in-built security qualities. Blockchain relies on the principles of consensus, decentralization, and cryptography for ensuing trust in transactions. However, blockchain security issues have continued to trouble many organizations and early adopters. Apart from its initial application in cryptocurrency, it is now being used in healthcare, real estate, smart contacts, and other fields. The technology has been a great example of how security tenets in financial transactions and information transmission are transformed. It provides a one-of-a-kind data structure as well as built-in security features. Blockchain is based on the ideas of consensus, decentralization, and cryptography to ensure transaction trust. However, many blockchain security issues have arisen due to faulty technology implementation. A blockchain network can track orders, payments, accounts, production and much more. Because of the members sharing a single view of the truth, you can see all details of a transaction end to end, giving you greater confidence, as well as new efficiencies and opportunities.

    Blockchain technology basically involves the storage of different bits of digital information, known as blocks, in a public database. The blocks of information have cryptographically secure links between them. Blockchain has become popular largely because of the limitation on ‘double spending.’ Blockchain does not allow the use of the same currency on two different transactions. All descriptions of blockchain technology point out towards cryptography, immutability, and decentralization. With cryptographic security and the assurance that no one can modify data without the kno

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    Blockchain is an exciting new technology with huge potential to disrupt and improve numerous industries. It has sparked a lot of questions around what it is, how it works, and how it will impact procurement and supply chain. With continued investment and research in blockchain technology, many businesses are beginning to see the benefits that blockchain offers and are considering the adoption of the technology. It is one of the most disruptive technologies in the modern digital economy and is on the verge of impacting many industries. one major challenge that blockchain faces today is scalability. Nonetheless, blockchain can be a revolutionary solution to combat data breaches and protect data privacy. Investment in blockchain has grown exponentially and continues to expand across industries. According to the IDC report, by 2022, spending is expected to soar to $11.7 billion, amounting to a five-year compounded annual growth rate of 73% from 2017 to 2022. Even these statistics may understate blockchain’s eventual impact. According to Christian Catalini (MIT) and Joshua Gans (University of Toronto), blockchain has key features of a General-Purpose Technology (GPT), defined as “technologies that can spur economic growth over the long run and have substantial and pervasive impact on the society across multiple industries, such as steam engine, electricity and internet.”

    As business operations and offerings are substantially enabled through various crucial accomplishments and advancements in the IT field, business executives across the globe are equally keen to experiment with and embrace this new and futuristic technology to reap a slew of business benefits. Interestingly, blockchain has the inherent potential and promise to bring forth a bevy of strategically sound implications for various industry verticals. Cryptocurrency is one of the finest and foremost applications of blockchain technology.

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    There has been a significant year-on-year (YOY) rise in both business sentiment towards cryptocurrency and the number of mentions these coins gained in company filings. A positive outlook towards Crypto and blockchain is finally in black and white now! 1st February 2022 has made a mark in the history of #Crypto. India is finally on the path to legitimising the crypto sector. This progressive stance from the Government has validated the industry to a large extent. The Government is definitely not thinking of a ban anymore! The finance minister has indicated that Crypto falls under the 'virtual digital assets' bucket and is a special asset class. We stand by the minister’s words that Crypto is not a currency. On the other hand, a digital currency, governed by the RBI, is also on the cards. It's a piece of phenomenal news that India is launching a blockchain-powered Digital Rupee soon. This move will pave the way for crypto adoption and put India in the front seat of innovation and adoption to web 3.0. There is some good news and some news of a slightly inconvenient nature. At the same time, Finance Secretary TV Somanathan said, “people investing in private crypto should understand that it does not have the authorisation of the government”. All cryptocurrency, non-fungible tokens and similar digital assets will be taxed at a flat 30% rate. And if you intend to use your stash of crypto coins to make a transaction, that’ll attract a 1% tax deducted at source (TDS) too.

    Most of the Indian crypto investors have been self-reporting crypto-related income in their income tax returns so far. Now, with the introduction of sections 115BBH (Tax on income from virtual digital assets) and 194S (Payment on transfer of a virtual digital asset), clarity on taxation and Government validation is received. While this is a concise interpretation of the law as it is,

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