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Title: All You Need To Know About Crypto Loans

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Title: All You Need To Know About Crypto Loans

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Crypto loans are entirely automated and online, unlike lengthy and confusing bank procedures! So let's get our basics right about the crypto loans.
Kws: crypto development company, crypto exchange development services

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Getting a loan from a bank can be a cumbersome process. Thankfully, as the technology is evolving, availing of loans has become easier with crypto loans. Yes, you heard it right! Along with cryptocurrency, it's time to experience crypto loans too. Crypto loans are entirely automated and online, unlike lengthy and confusing bank procedures! So let's get our basics right about the crypto loans.

Also known as crypto lending, borrowers can avail of crypto loans by using their cryptocurrencies as collateral. The interest payments associated with these loans are called 'crypto dividends'. A crypto loan is lent in fiat currency, and the borrower can exchange it with their crypto assets like Ethereum, Bitcoin, etc.

Types of crypto loans

Centralized crypto loans (CeFi) function under a custodial authority which takes care of the user's authentication. Various authentication methods include KYC implementation. These loans are pretty flexible with lucrative interest rates with set agreements.

Decentralized crypto loans (DeFi) function as peer-to-peer loans where borrowers and lenders interact through a decentralized platform. Such loans are not controlled by a custodial authority and are managed by smart contracts. Hence, people seeking to avail of these loans do not require KYC, and the protocols are transparent to everyone. In addition, interest rates for DeFi vary and are relatively lower than that of CeFi loans.

Benefits of decentralized crypto loans

● Liquidity - You get complete authority on your funds with margin trading options. This means that long-term investors can also lend assets and earn attractive interest rates.

● Transparency - Since a central authority doesn't control DeFi loans, there is no interference from third parties. As smart contracts regulate these loans, the data is accessible and auditable on the public blockchain for the on-chain users. Further, anyone can view the essential market data on the crypto loan.

● Smart validation - Now, lenders do not need to waste time finding out how creditworthy the borrower is. All thanks to smart contracts that prove to secure agreements between both parties.

● Instant and agile - Along with fast peer-to-peer loan transactions, DeFi loans offer varying interest rates. The interest rates can automatically change according to the market's latest supply-borrow ratio.

Crypto loans are the new future of lending and borrowing. By implementing correct blockchain technologies, we are bound to transform the finance landscape in no time. If you plan to get your own blockchain-based crypto platforms, contact Seven Bits. With 11 years of excellence, this firm has continuously expanded its boundaries with its robust technology and data solutions. For more information on their services,visit their website today!

FAQs

1. What type of loan is a crypto loan?

A crypto loan is a secured loan where cryptocurrency is used as collateral.
2. How are interest rates for crypto loans decided?
3. How to get smart contracts developed for crypto loans?

In decentralized crypto loans, one can alter the interest rates through smart contracts, an official agreement between borrower and lender.

If you plan to develop smart contracts for crypto loans, you must hire a professional cryptocurrency developer specializing in smart contract development.

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Getting a loan from a bank can be a cumbersome process. Thankfully, as the technology is evolving, availing of loans has become easier with crypto loans. Yes, you heard it right! Along with cryptocurrency, it's time to experience crypto loans too. Crypto loans are entirely automated and online, unlike lengthy and confusing bank procedures!

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Cross-Chain DeFi Technology: An Overview

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Cross-Chain DeFi Technology: An Overview

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Till now, DeFi was an amalgamation of blockchain and cryptography, but now the developers are moving on to unleash new capabilities with cross-chain DeFi.
Kws: defi development company, defi smart contract development services

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As we know, blockchain technology has given rise to several revolutionary capabilities in the present world. With the introduction of cryptocurrency, NFTs, DeFi, etc., we have come a long way in transforming money transactions, loans, and much more. That’s when cross-chain DeFi emerges as a recent rumble in the industry. Till now, DeFi was an amalgamation of blockchain and cryptography, but now the developers are moving on to unleash new capabilities with cross-chain DeFi. So, what all the latest buzz is all about? Let’s discuss this further.

What is cross-chain technology?

If you are familiar with typical blockchain technology, you might know that it prevents two non-native blockchain networks from interacting. Therefore, the new cross-chain technology is designed in such a way that it facilitates interoperability between independent blockchains. This allows two blockchains to communicate and exchange data and resources. The cross-chain technology is now used to develop several decentralized applications (dApps) to meet today’s industry needs.

How cross-chain technology works with DeFi?

As we discussed earlier, cross-chain technology is the ultimate solution to the inability of blockchains to interact with each other. Thus, when this technology is applied with DeFi, the major impact is enhanced interoperability. Unlike traditional DeFi, cross-chain DeFi can offer instant token swaps, multi-chain smart contracts transactions, etc.

What makes Cross-chain DeFi better?

●  Interoperability – Since cross-chain technology improves interoperability, the cross-chain DeFi allows the better exchange of services. Unlike traditional DeFi, it offers a multi-chain experience, making the overall movement of assets and data more seamless.

●  Security pledge – With cross-chain DeFi, borrowers can share their collaterals across platforms like Bitcoin, Ethereum, etc. Similarly, lenders can also exchange digital assets as loan security across multiple platforms. These capabilities are not possible with the regular DeFi since it allows data exchange only through specific protocols on which a particular DeFi runs.

●  Efficiency – The new cross-chain DeFi also allows users to perform micro-transfer efficiently across multiple platforms. This is why many eCommerce and gaming brands are adopting this technology.

●  Inventory – Since cross-chain DeFi is extensible, you don’t need to worry about storing large files. It is capable of extending its storage capacity. On the other hand, the regular DeFi uses a single blockchain for “on-data” storage which can be expensive.

Bottom Line

The all-new cross-chain DeFi might be the new door to unlock various possibilities. With businesses looking for ground-breaking technologies, this might be a great one to start with. If you are also planning to get the best blockchain applications for your business, you can choose Seven Bits. This certified company specializes in blockchain implementations like a crypto exchange, smart contracts, supply & management software, and more! Visit their website today to get started.

FAQs

What is DeFi?

Decentralized Finance (DeFi) is a blockchain-based technology that facilitates peer-to-peer banking services similar to that used by cryptocurrencies.

What is cross-chain DeFi?

Cross-chain technology enables a DeFi platform to exchange data, cryptocurrencies, and other financial assets between many independent blockchains.

What technologies are used by the best blockchain developers?

The best blockchain developers use the latest robust technologies like Ethereum, Hyperledger Fabric, IBM Blockchain, HydraChain, Ripple, IOTA, etc.

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Understanding the Significance of Smart Contracts in Decentralized Finance Development

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Understanding the Significance of Smart Contracts in Decentralized Finance Development

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Smart contracts don’t just automate financial transactions; they give you more protection with complete decentralization. Some of the most widely accepted and appreciated benefits of DeFi are listed as follows.
Kws: DeFi smart contract development services, DeFi development company

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Understanding the Significance of Smart Contracts in Decentralized Finance Development

Author : SevenBits Technologies | Published On : 20 Jun 2022
The increasing number of institutional investors penetrating the DeFi industry is mind-boggling. The Defi market is expected to boost to about $800 billion in 2022, and the disruption calls for DeFi smart contract development services. Why? What are smart contracts?
What is decentralized finance? It is one of the most promising technologies that can dynamically transform the conventional finance system. DeFi primarily uses Blockchain-related technologies to create a financial ecosystem capable of bypassing brokers, banks, exchanges, and other mediators who conventionally manage and process financial services.

Decentralized finance or DeFi can significantly accelerate different services like trading, exchanging funds, lending, etc. However, to explore the crests and troughs of DeFi, DeFi app development is the key. Smart contracts are known as the foundational pillar of DeFi protocols.
The role of smart contracts in DeFi Digitization
Smart Contracts primarily consist of lines of code embedded in the Blockchain. They are one of the fundamental active elements in the DeFi mix. They don't just outline the contract T&C; they also monitor contracts while automatically setting the financial wheels in motion.

Smart Contracts have an advantageous edge for both consumers and entrepreneurs. Hence, their adoption rate is skyrocketing. With smart contract development for DeFi, individuals can audit, establish, and deploy a smart contract that regulates decentralized financial services without necessitating a central authority for governance.
Conclusion
Smart contracts don't just automate financial transactions; they give you more protection with complete decentralization. The functionality advantage keeps fraudulent behaviors at bay while reducing transaction fees, making liquidity abundant, offering a high level of transparency, and offering secure asset storage and exchange. Some of the most widely accepted and appreciated benefits of DeFi are listed as follows:

As the Smart contract software is evaluated regularly, you can ensure that your DeFi platform complies with the industry standards.

Everything is configured into an automated system. So, you can rest assured that external variables have no bearing on the financial services offered by DeFi systems.

The involvement of a middleman is ruled out with smart contracts, so you eradicate the chance of disputes between sellers and buyers.

As Smart contract-based DeFi protocols are independent of third parties, the cost of activities is substantially minimal.

As smart contracts don't need any human intervention, there is less chance of errors. The accuracy is unmatched, and you can avoid the lengthy process of borrowing, lending, and more with smart contracts.

With a highly immutable feature, Smart contracts facilitate extremely fast transactions. They can be beneficial across different fields, including cryptocurrency markets, supply chain management cycle, baking, etc.

Do you need a bug-free, one-of-a-kind, Smart contract developer who can customize solutions tailored to your DeFi products and protocols? Well, an experienced DeFi development company can offer comprehensive DeFi solutions. The seasoned Blockchain engineers and subject matter experts can efficiently comprehend enterprise requirements to deliver the right solutions to accomplish your business goals.

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defi smart contract development services

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Understanding the Significance of Smart Contracts in Decentralized Finance Development

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Author : SevenBits Technologies | Published On : 20 Jun 2022 The increasing number of institutional investors penetrating the DeFi industry is mind-boggling. The Defi market is expected to boost to about $800 billion in 2022, and the disruption calls for DeFi smart contract development services . Why? What are smart contracts?

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An Insider's Guide on How Blockchain is Disrupting the App Development Landscape

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An Insider's Guide on How Blockchain is Disrupting the App Development Landscape

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Do you know that about 60% of CIOs were on the verge of configuring Blockchain to their IT framework by 2020? The growth in the Blockchain megatrend isn't new. Recently, bitcoin and crypto's wind morphed into a whirlwind, and Blockchain managed to get the enterprise limelight with its revolutionizing benefits. Enterprises are increasingly seeking the aid of Blockchain application development to incline towards a more efficient, orchestrated, and secure tech infrastructure. Wondering why? Let's explore.

What are Blockchain apps?
A brief overview of Blockchain app development

If you haven't spent the past several years in a cave, there are chances that you already know about Blockchain. Blockchain typically has no server that acts as an intermediary between users. All the members in a Blockchain network act as mini-servers and users simultaneously, and they collectively work to send and verify data.

Blockchain shares all the data among its peers while storing it chronologically in blocks. So, once something like a data exchange or transaction occurs in a Blockchain network, it is shared with all the network members, and everyone gets to keep a record of the action on their respective devices. The data blocks are intertwined in a chain, making Blockchain extremely hard to violate or steal data from.

Typically there are two types of Blockchain based on the network type:

● Permissionless Blockchain

Advantages of Blockchain apps

● Permissioned Blockchain

To set up a Blockchain, users typically need a few gigabytes or terabytes of storage space. As mobile devices don't have much space, Blockchain-based app developmentbecomes imperative to support enterprise spines configured with Blockchain infrastructures.

Still wondering why Blockchain apps are gaining popularity? Well, here are the reasons:

● For one, they facilitate public verification. In Blockchain, any user can check whether the system is working fine. Every transaction is verified by users known as the peers of the Blockchain.

● Although Blockchain is a decentralized system with complete transparency, the transactions and interactions made between the network members can be kept anonymous without any violations

● The network users verify all the updates to data and transactions. Not every participant might have access to data. But, the copy is stored on each member's device integrated with the network at all times.

● In addition, Blockchain invariably and implicitly means integrity. With a Blockchain app, you can rest assured that no data is changed. You will have a record of every action performed by the users.

Blockchain's numbers are staggering, and the global Blockchain market is estimated to hit about $20 billion by 2024. Blockchain has made some quite profound inroads into the mobile app development segment due to its decentralized architecture. The framework supports digital currencies such as Ethereum, Litecoin, and Bitcoin while enabling a transparent and secure payment system.

Want to create significant benchmarks in the tech-oriented business ecosystem? Work with a Blockchain app development company now!

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An Insider's Guide on How Blockchain is Disrupting the App Development Landscape

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Do you know that about 60% of CIOs were on the verge of configuring Blockchain to their IT framework by 2020? The growth in the Blockchain megatrend isn't new. Recently, bitcoin and crypto's wind morphed into a whirlwind, and Blockchain managed to get the enterprise limelight with its revolutionizing benefits.

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A Beginner’s Guide to “Smart Contract” Development Services

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A Beginner’s Guide to “Smart Contract” Development Services

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How are smart contracts relevant in the context of your company? If you'd like to learn more about smart contract development, please read our guide on how to get started.

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The onset of Industry 4.0 has initiated conversations around unique innovations like blockchain technology. A buzzword that has emerged in the context of blockchain applications is "smart contracts". These self-executing blockchain programs can have wide-ranging benefits for businesses. They can serve multiple use cases across several industries. Despite the promising premise of smart contracts, many business owners find it daunting to explore the development of these programs to streamline their business processes. How are "smart contracts" relevant in the context of your company? Is it time to hire a "smart contract" developer? Let's break down the answer to these questions and navigate the must-know details about "smart contract" development.

Smart Contracts: Understanding the Definition

"Smart contracts" usually exist on the blockchain. These are self-executing contracts with built-in stipulations. They can operate according to the coded contractual terms and execute a transaction without the help of an intermediary. "Smart contracts" use positive features of the blockchain like transparency, security, and decentralization to drive seamless and efficient transactions. Pre-defined events trigger contract execution, leading to pay-outs or other settlements, as defined in the initial contract.

Does Your Business Need Smart Contracts?

Most businesses can benefit from "smart contract" development. Whether you run the operations of a large corporation or own a small business, "smart contracts" can offer opportunities to maximize your efficiency. If your business involves any contractual exchange or interaction, "smart contract" services can help.

Having a blockchain infrastructure or familiarity with blockchain-based exchanges can make your business more amenable to "smart contract" implementation. However, since most organizations require some form of contractual exchange, "smart contract" development can help nearly all businesses transform their processes for added benefits. Some of the top advantages you can get with "smart contracts" include:

End-to-end transparency

Added security

Rapid communication

Error reduction

Efficient transactions

Deciding to Develop "Smart Contracts": Constructing a Failproof Strategy

Before embarking on "smart contract" development, you need a solid strategy. The following steps can aid you in this process:

Assess the business areas where "smart contract" implementation will be feasible and effective

Consider the legal and environmental constraints for applying "smart contracts" in your proposed use cases

Decide on the relevant use cases and create a general roadmap for the implementation

Hire a top-rated "smart contract" programming team that can tailor the solution to your business needs

Integrate regular monitoring mechanisms into your digital maintenance processes to prevent unauthorized intrusions into your "smart contract" systems

The "smart contract" Development Process: From Ideation to Maintenance

"Smart contract" development services from experienced professionals will encompass several steps to ensure seamless implementation. The principal steps include:

Analyzing your business requirements and designing an execution roadmap

Developing the "smart contract" wireframe and finalizing the design

Coding the contractual stipulations and integrating client feedback

Deployment and testing of the test-net

Final delivery and deployment of the main-net framework

Continued testing and maintenance support

Now that you have an idea about how these services can pan out, you can contact an expert "smart contract" coding team to help you out!

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A Beginner's Guide to "Smart Contract" Development Services

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The onset of Industry 4.0 has initiated conversations around unique innovations like blockchain technology. A buzzword that has emerged in the context of blockchain applications is "smart contracts". These self-executing blockchain programs can have wide-ranging benefits for businesses. They can serve multiple use cases across several industries.

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Top 5 Things to Consider When Choosing a Cryptocurrency Exchange Development Company

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Top 5 Things to Consider When Choosing a Cryptocurrency Exchange Development Company

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Crypto currencies have exploded into India’s mainstream consciousness in recent years. But how can you choose the right company to unleash your business aspirations? Let's analyse some must-know factors before you take the plunge.

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Finding The Right Service To Develop Your Crypto Exchange: Top 5 Tips To Choose

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Cryptocurrencies have exploded into India’s mainstream consciousness in recent years. Approximately 20 million Indians embraced the crypto wave in 2021. Now, Indians hold cryptocurrency assets valued at $5.3 billion. This rise represents a p

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Digital Transformation Consulting Services - SevenBits Technologies

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Digital Transformation Consulting Services - SevenBits Technologies

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SevenBits Technologies is a top-notch digital transformation consulting company. Their team of experts offers blockchain, nopCommerce, cloud, and enterprise IT services. Click here for more information: https://www.sevenbits.in/.

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Digital Transformation Consulting Company | Sevenbits

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Sevenbits is a leading digital transformation consulting company offering blockchain, nopCommerce, cloud, and enterprise IT services.

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Data-Driven Digital Transformation Consulting Services - SevenBits Technologies

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Data-Driven Digital Transformation Consulting Services - SevenBits Technologies

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SevenBits Technologies believes in scaling up the business potential with disruptive digital transformation services. They offer a data-driven digital transformation consultation to make your business future-proof. Click here for more information: https://www.sevenbits.in/.

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We at Seven Bits believe in scaling up the business potential with disruptive digital transformation services. Creating a clear roadmap to go digital is our expertise. From artificial intelligence to smart web and mobile development, we target for automation in your business. We fill the gaps between processes with transforming technologies.

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Digital Transformation Consultation Company | Sevenbits

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We at Seven Bits believe in scaling up the business potential with disruptive digital transformation services. Creating a clear roadmap to go digital is our expertise. From artificial intelligence to smart web and mobile development, we target for automation in your business. We fill the gaps between processes with transforming technologies.

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Blockchain Development Services and Solutions Company - SevenBits Technologies

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Blockchain Development Services and Solutions Company - SevenBits Technologies

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SevenBits Technologies is a top-notch blockchain development company in India and the USA. They bring end-to-end blockchain-based business services that build incorruptible digital solutions. Click here for more information: https://www.sevenbits.in/.

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Seven Bits brings end-to-end Blockchain-based business services that build incorruptible digital solutions. Be it ICO, IEO, crypto exchange, or contract development, our team uses an agile development process to provide high-quality deliverables.

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Leading Blockchain Development Company in India & USA

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Seven Bits brings end-to-end Blockchain-based business services that build incorruptible digital solutions. Be it ICO, IEO, crypto exchange, or contract development, our team uses an agile development process to provide high-quality deliverables.

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Crypto Exchange Development Services - SevenBits Technologies

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Crypto Exchange Development Services - SevenBits Technologies

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SevenBits Technologies is an innovative, future-driven cryptocurrency exchange development company. Get started with their robust cryptocurrency exchange development services to get an edge in the industry. Click here for more information: https://www.sevenbits.in/.

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Cryptocurrency wallets are the future as more people have started using them. Our cryptocurrency wallet development services cover all basic functionalities that make you up and running to gather more customers. Let your users securely send, receive, and store their cryptocurrencies anytime they need. We offer both mobile-based and web-based cryptocurrency wallet development services to meet your requirements. Our expert blockchain developers understand your every requirement and offer the best solution to get started with crypto wallet development.

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Cryptocurrency wallets are the future as more people have started using them. Our cryptocurrency wallet development services cover all basic functionalities that make you up and running to gather more customers. Let your users securely send, receive, and store their cryptocurrencies anytime they need.

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Boost Your Business Productivity with Smart Contract Solutions - SevenBits Technologies

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Boost Your Business Productivity with Smart Contract Solutions - SevenBits Technologies

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As a leading blockchain development company, SevenBits Technologies caters to all the complex and bespoke requirements of businesses. With custom smart contract development services, your business can improve the overall customer experience across all touchpoints. Click here for more information: https://www.sevenbits.in/.

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Blockchain is helping companies to streamline their complex and time-consuming processes. Be it securing their data architecture or automating various tedious manual tasks - this decentralized technology is the future.

Blockchain technology is both broad and deep when it comes to customization and integrating its bespoke applications. One such advancement is smart contracts, and they are the future of digital data sharing backed with higher security.

If you plan to revamp your business security and scale the operations, smart contracts can play a winning role. These contracts are self-enforcing and self-executing documents that work on complete pre-set terms by parties. These virtual contracts provide ease while facilitating the transaction of money, data, shares, or any information.

Smart contracts help business owners to streamline their manual operations and scale operations much faster. It brings in robust opportunities for companies to take the lead in the market and improve the overall customer experience.

How Business Can Boost Productivity Using SevenBits' Smart Contracts

SevenBits is a leading blockchain development company that caters to all the complex and bespoke requirements of businesses. Our Blockchain Center of Excellence (CoE) team offers a complete stack of services to help you scale the operations seamlessly.

With our custom smart contract development services, businesses can improve the overall customer experience and team coordination across all touchpoints. Below are some of the most transforming smart contracts' benefits that every company owner should leverage.

Higher accuracy

Having a higher accuracy in all business operations helps you boost productivity across all departments. Smart contracts can eliminate human errors by integrating robust verification systems that are efficient and faster. If you plan to scale your business overseas, these digital contracts can help you establish the process much quicker.

Checking, verifying, and rectifying business contracts consume a substantial time. All the work can't be automated due to the need for human intelligence, but most of the other parts are easy to replace with higher accuracy.

360° transparency

Having a transparent system boosts both the internal teams' and customers' trust in this highly competitive digital world. As the smart contracts can maintain higher data integrity, it improves customer retention rate by offering seamless data protection.

Decentralized systems are more efficient than conventional databases. When we integrate smart contracts over that peer-to-peer system, it improves both efficiency and transparency. When your customers are aware of managing their data and personal information, it brings in several competitive advantages.

Clear and faster communication

Business contracts come with no room for misunderstanding and misinterpretation while compiling the documents. One minor mistake can halt the entire business process, and companies may face losses. For avoiding such events, smart contracts play a winning role in keeping things simple and transparent among all the associated parties.

SevenBits offers a complete range of smart contract development to deploy a robust communication system between teams and business patterns. Our team is equipped with multiple blockchain frameworks to cater to all your bespoke requirements.

Enhanced Security

Blockchain is an end-to-end technology, and it's far more secure than traditional centralized data systems. For improving productivity, company owners need to leverage smart contracts to boost their security and ultimately productivity.

In 2021 and beyond, where the cyber threats are increasing, it has become inevitable for company owners to keep their business-sensitive data secure and accessible. For providing better security and all-time accessibility, smart contracts are the future.

Business efficiency

Business productivity heavily relies on the system's efficiency and personalizing the workflow as per every individual. For ensuring a higher business efficiency, smart contacts offer seamless automation to save time. On the other hand, these contracts also let the teams manage data in a faster manner. These digital contracts are automated and decentralized, so teams don't have to work actively towards data backup.

Transform your business with SevenBits

SevenBits is a pioneer in integrating blockchain-based solutions into your business to boost productivity and profitability. We are committed to improving your company's efficiency and customer experience by leveraging blockchain technology.

We offer bespoke smart contracts development services across industries to make businesses future-ready and scalable. Our expert blockchain developers use more than seven public and private frameworks to provide you with the right solution.

Along with smart contract development, we offer full-fledged blockchain development services. From migrating a legacy system to integrating crypto wallets with existing payment methods, we have you covered. Get in touch with us at sales@sevenbits.in to know more about our blockchain development services for your business.

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How Businesses Can Boost Productivity Using SevenBits' Smart Contract Solutions | Sevenbits

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Blockchain is helping companies to streamline their complex and time-consuming processes. Be it securing their data architecture or automating various tedious manual tasks - this decentralized technology is the future. Blockchain technology is both broad and deep when it comes to customization and integrating its bespoke applications.

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Make Business Future-Ready by Using P2P Cryptocurrency Exchange Solutions - SevenBits Technologies

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Make Business Future-Ready by Using P2P Cryptocurrency Exchange Solutions - SevenBits Technologies

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Peer-to-peer (P2P) cryptocurrency transactions are gaining traction among B2B and B2C businesses thanks to their unique working methods. Experience how a crypto wallet can help your business grow with the SevenBits Technologies team. Click here for more information: https://www.sevenbits.in/.

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Blockchain
As businesses move towards digital transformation and Industry 4.0 advancements, companies need to focus more on their future expansion. It is because optimizing the business processes with ever-evolving customer demands gives an edge in the competitive domain.

With the evolution of blockchain technology over a few years, how customers and business partners perform transactions has changed significantly. Now, individuals prefer convenient crypto-based exchanges to complete transactions to keep their privacy intact.

To achieve more traction in the respective industry and onboard new customers, businesses need to integrate a full-fledged P2P cryptocurrency exchange. There are several benefits in offering a future-driven way of executing the transactions. On this note, let's explore what exactly is a P2P cryptocurrency exchange and how it can transform your business.

What is a P2P crypto exchange?

A bespoke P2P cryptocurrency exchange aid seamless transactions among two parties without any third-party intervention. With this distributed and peer-to-peer ecosystem, both privacy and user identity are protected. P2P cryptocurrency exchange automatically connects two parties based on mutual pre-defined agreeable terms. A P2P crypto exchange matches individuals behind transaction orders instead of checking the transactions in the order book.

With these unique working methods, peer-to-peer cryptocurrency transactions are gaining massive popularity among B2B and B2C businesses. As most individuals now use blockchain-based crypto wallets to perform quick transactions, having a P2P setup will do wonders for businesses.

As it's based on a distributed ledger technology, individuals can't forge or manipulate the present data, personal information, or ongoing transactions. It is because the data gets verified on multiple blockchain nodes, and it's impossible to mark the changes in a never-ending chain of these nodes.

Groundbreaking P2P Cryptocurrency Exchange Features for Businesses

When businesses integrate a cryptocurrency exchange with their existing transaction systems, it becomes much easier for company owners to scale the business worldwide. Be it business scalability or 360° security, the benefits of opting for this future-focused implementation are many.

Easy business scalability

The most significant advantage of opting for a P2P cryptocurrency exchange is seamless business scalability globally. As most individuals and companies are using crypto wallets to perform transactions, it's the right time to grow presence within new customers. Compared to traditional methods, crypto exchanges don't require complex approval to scale the business and give a competitive edge.

Whether you are into B2B business, or E-Commerce industry, or into selling services, this advancement will help you take a step towards the futuristic disruptions happening in the global market.

Multi-layer security

Security and data privacy are the two core pillars that companies will need to build their foundation in the upcoming time. With growing digitization, cyber crimes are also taking a toll, and only blockchain-based solutions can help businesses keep their data and customers safe.

A bespoke-made P2P cryptocurrency exchange can be secured using layers of different security protocols. At Seven Bits, our blockchain developers add multiple layers of security including, SSL implementation, two-factor authentication, HTTP Parameter Pollution Protection, anti-denial of service (DoS), anti-distributed denial of service (DDoS), and more. Our experienced blockchain Center of Excellence (CoE) team evaluates, drafts, and brings in the most efficient security solutions with your P2P exchange.

Robust KYC and AML verification

As the business and customers grow, companies need to adopt more advanced security protocols to keep both their business and customers safe. For preventing fraudulent activities on the P2P cryptocurrency exchange, KYC (Know Your Customer) and AML (Anti Money Laundering) processes can bring a futuristic transformation.

Integrating both KYC and AML with a conventional payment system is tricky as several third parties are also a part of the payment ecosystem. However, it's much more efficient to launch a full-fledged P2P exchange integrated with these protocols.

Explore cryptocurrency exchange development services with us

Get started with future-focused cryptocurrency exchange development for your business with Seven Bits. Our team of experienced blockchain developers understands your business goals and brings in a bespoke solution to help you grow.

With the support of more than eight public and private blockchain frameworks, our developers can meet every business goal with higher efficiency and agility. Get in touch with us at sales@sevenbits.in to explore more about P2P cryptocurrency exchange development services.

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Core Features of P2P Cryptocurrency Exchange Solutions That Makes Businesses Future-Ready | Sevenbits

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Blockchain As businesses move towards digital transformation and Industry 4.0 advancements, companies need to focus more on their future expansion. It is because optimizing the business processes with ever-evolving customer demands gives an edge in the competitive domain. With the evolution of blockchain technology over a few years, how customers and business partners perform transactions has changed significantly.

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Make Businesses Future-Ready with Digital Transformation Services - SevenBits Technologies

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Make Businesses Future-Ready with Digital Transformation Services - SevenBits Technologies

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Digital transformation goes beyond upgrading technology or business processes. SevenBits Technologies is an experienced digital transformation company that brings all the necessary advancements that make a business future-ready. Click here for more information: https://www.sevenbits.in/.

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How Sevenbits is making businesses future-ready with digital transformation

Digital transformation goes beyond upgrading technology or business processes. It's not just about the organization, it's about people that are connected with you. Be it, employees, or shareholders, it's a contentious improvement that makes a business future-ready.

It is an agile business improvement cycle that keeps upgrading your business and helps in better revenue generation. However, it's not magic that can drastically change a company overnight, but in the long run, the benefits are many.

Sevenbits is an experienced digital transformation company that brings all necessary advancements that make business future-ready. We follow an extensive path that makes the digital shift seamless with zero-risk. Here is how we can help you in making the business future-ready with our industry-first approach:

Improving internal business channels

Our first approach towards digital transformation is improving employees and everyone's work experience that is connected with you. Without talent, an organization is nothing. We implement adaptive frameworks to improve internal processes that let teams do more work in less time.

Be it employee onboarding or sales automation, our solutions can make long-haul processes shorter and more agile. We create data-driven integrations that let you evaluate the entire process with meaningful data.

Uplifting the customer experience

The second most significant way of making a business future-ready is by securing an excellent customer experience. Be it a point of sale or online interactions and purchasing, we leverage business analytics to enhance the customer experience.

We secure your business by continuously upgrading sales and communication channels through agile adaptation. Our team takes a multi-pronged strategic approach to analyze and improve the customer experience to make you future-ready.

Disruptive technologies integration

For becoming future-ready, your business needs to have technologies on which you can rely on. Sevenbits helps businesses in identifying key improvement areas and uplifting performance through advanced tech-stack.

Be it IoT for enhanced logistics or supply chain management to blockchain integration for secure data transmission, we have got you covered. Our team helps to streamline the long-haul manual process through advanced RPA. Through in-depth business analysis and brainstorming, we re-engineer your business to make it future-ready.

Business model advancements:

A business model is way more than employees, customers, and processes. For making a business future-ready, we follow an agile methodology to assess and improve future-readiness by re-engineering the present business model.

We help you serve more customers, bring more sales, and do more things at the same time through improvisation. Sevenbits improvise important segments of the business model to make it future-ready.

Domain Transformation:

Many businesses lag because they fail to identify potential opportunities for domain transformation. It's a complex audit of your business market, competitor and future scope to make you future-ready. Domain transformation help in identifying the non-traditional markets that you can serve in the future other than currently occupied verticals.

It includes identifying currency market opportunities and creating adaptability for serving a large audience set. Domain transformation is among prominent paradigm shifts that let you operate globally.

Cultural transformation:

A long term digital transformation requires redefined mindsets and talent for the futuristic digital world. By providing a continuous learning environment, we can help train your team better through agile-based learning methods and assessments.

Cultural transformation is often confused with re-defining the traditional work pattern, but it's way more than that. From hiring the right talent to providing training for futuristic eco-system change, our team makes it seamless for your company.

As customer behavior will change influenced by multiple factors, it's important to make your business future-ready to serve them better. Digital transformation is today's improvisation for future enhancement. It's a multi-pivotal process that helps in growing business without displacing current business executions. Get in touch with us to discuss future-proof digital transformation strategies.

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How Sevenbits is making businesses future-ready with digital transformation | Sevenbits

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Digital transformation goes beyond upgrading technology or business processes. It's not just about the organization, it's about people that are connected with you. Be it, employees, or shareholders, it's a contentious improvement that makes a business future-ready. It is an agile business improvement cycle that keeps upgrading your business and helps in better revenue generation.

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How companies future-proof their operations using DeFi - SevenBits Technologies

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How companies future-proof their operations using DeFi - SevenBits Technologies

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SevenBits Technologies' futuristic DeFi DApps development services help you scale your business in an omnichannel way. Through their top-notch transparency and throughput, Defi DApps influence the future of finance. Click here for more information: https://www.sevenbits.in/.

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How companies future-proof their operations using DeFi | Sevenbits

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Learn more about how a crypto wallet can help your business grow from the SevenBits team. Get A Quote!

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Futuristic Financial Services for Hone Business Growth - SevenBits Technologies

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Futuristic Financial Services for Hone Business Growth - SevenBits Technologies

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The primary goal of Decentralized Finance (DeFi) is to make traditional financial services more accessible to all by forming a permissionless financial ecosystem that is based on blockchain. Learn more about how DeFi can help your business grow from the SevenBits Technologies team. Click here for more information: https://www.sevenbits.in/.

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Futuristic DeFi Development Solutions From Seven Bits to Hone Business Growth | Sevenbits

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Learn more about how a crypto wallet can help your business grow from the SevenBits team. Get A Quote!

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Drive Growth Among Multiple Industries with Advanced NFT Solutions - SevenBits Technologies

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Drive Growth Among Multiple Industries with Advanced NFT Solutions - SevenBits Technologies

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Whether you are looking to integrate NFT solutions with your existing system or need a new enterprise application, SevenBits Technologies’ developers can turn every idea into an experience. Click here for more information: https://www.sevenbits.in/.

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Blockchain
NFT or non fungible tokens are the newest blockchain technology advancement that drives various innovations across multiple industries. Be it art & craft, security, DeFi, and enterprise, the use cases of this relatively new advancement are growing significantly.

NFTs are advanced digital tokens and real-world assets that you can apply to any digital entity to claim your ownership. With this capability, industries seek various profitable ways to use them. In addition, individuals can digitize their physical assets and sell globally without any regulations or compliances.

NFTs are non fungible, which indicates they are not mutually interchangeable. It is different from fungible assets - such as fiat currencies, metals, or cryptocurrencies. All these traditional assets are exchangeable. NFTs are based on decentralized finance (DeFi), which eliminates the involvement of intermediaries.

The gist of NFTs is in their digital representation of assets coupled with the use of unique identification and robust smart contracts. Because of blockchain, the tokens can't be replicated, removed, or deleted. Blockchain also lets NFTs be traced back to the respective owners and excludes the need for third-party confirmation. Blockchain protects the ownership of the NFT, and it gives the owner the exclusive right to transfer the token. With such cutting-edge characteristics, let's have a look at advanced use cases that can help businesses transform their operations.

Identification and documentation

As all NFT tokens are unique, this asset's property comes in handy for managing customers' documentation and identification. As NFTs include code with a unique set of data, they can be used to tokenize important information, including certificates, licenses, academic degrees, and other vital documentation.

By employing NFT to tokenize these documents and critical information, both companies and users can securely use their data. NFT technology eliminates the chances of identity theft and revokes severe cyber attacks from happening. Industries like insurance, healthcare, and FinTech will be the biggest beneficiaries of this implementation. Even if the customer base increases substantially, companies don't need to worry about the performance of their internal operations.

Domain name ownership

With the advancement of blockchain, how customers used to manage their domains has changed significantly. Using an NFT-based blockchain domain system, companies can manage their domains using private keys. The decentralized system's most significant advantage is that the blockchain domain names get permanently recorded in the public registry. As these domain names can't be modified or deleted, it eliminates the chances of any forgery.

Blockchain domain NFTs allow customers to trade their domain names, ensuring the entire control remains to them. By using Unstoppable Domains or Ethereum Name Service (ENS), decentralized domains offer crypto-addresses like social media handle addresses, but each name must be unique. As companies invest heavily in their branding and customer acquisition with their innovative products or services, it's a perfect use case of NFT.

Robust supply chain management

The primary purpose of NFTs in the supply chain prevails in authenticating products, assuring their quality, and confirming their origin. Therefore, NFTs implementation is suitable for logistics management as it offers greater transparency and immutability. With these characteristics of NFTs, it becomes easier for companies to keep the supply chain data authentic and reliable.

In addition to this, NFTs eliminate counterfeiting and help companies trace the shipment across all touchpoints. Along with this, NFT can do wonders for automotive OEMs and it can help companies track every spare part shipment seamlessly.

Getting started with NFT development

Seven Bits is an innovative blockchain development company that offers bespoke NFT solutions for your business. Whether securing your business-sensitive assets, critical information or protecting unique entities, we have got you covered. Our Blockchain Center of Excellence (CoE) team understands your business and drafts the best implementation.

Whether you are looking to integrate NFT solutions with your existing system or need a new enterprise application, our developers can turn every idea into an experience. In 2021 and beyond, where more people are moving towards decentralized systems in almost every industry, integrating NFTs early is a smart business move. Scale your business and serve your customer better with Seven Bits. Contact us at sales@sevenbits.in to explore how NFT and blockchain can help your business flourish online with higher agility.

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Seven Bit's Advanced NFT Solutions To Drive Growth Among Multiple Industries | Sevenbits

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Blockchain NFT or non fungible tokens are the newest blockchain technology advancement that drives various innovations across multiple industries. Be it art & craft, security, DeFi, and enterprise, the use cases of this relatively new advancement are growing significantly. NFTs are advanced digital tokens and real-world assets that you can apply to any digital entity to claim your ownership.