Author name: David2022

Industries that are using blockchain technology

Industries that are using blockchain technology

Blockchain technology’s core characteristics include decentralization, automation, transparency and immutability. These elements can be applied to various industries, creating a multitude of use cases. Here is what Hive Ive believes to be the most pertinent blockchain use cases for enterprises, institutions, and governments. Decentralized Finance Decentralized finance (DeFi) refers to the shift from traditional, centralized …

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DAO development

What is a DAO?

What is DAO development?​ A DAO, or “Decentralized Autonomous Organization,” is a community-led entity with no central authority. It is fully autonomous and transparent. Smart contracts lay the foundational rules, execute the agreed upon decisions, and at any point, proposals, voting, and even the very code itself can be publicly audited. A DAO is governed …

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NFT development

What are NFTs?

NFTs, also know as non-fungible tokens, can digitally represent many types of assets. NFTs can represent real-world assets such as real estate and music, but can also represent online assets like digital art. NFTs are proof of ownership of these assets. NFTs exist on a blockchain (distributed public ledger) that records transactions. Most NFTs are …

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Blockchain marketplace development

What is a blockchain-based marketplace?

Blockchain-based marketplaces enable crypto payments and intermediary-free exchange of goods between sellers and buyers. Everyone can view the origins and history of goods stored on the blockchain, which builds trust and makes deals more transparent. A few benefits of decentralized marketplaces 1. Lower transaction costsMeaning higher margins and profits 2. Better security and privacy for …

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