Blockchain
UST Global Receives ISG 2020 Top Case Study Award for Digital Excellence
UST Global, a leading digital transformation solutions company, announced that it has been recognized by Information Services Group (ISG), a leading global technology research and advisory firm, for its role in one of the top 25 examples of digital transformation in 2020, as featured in the ISG Digital Case Study book, Scaling Digital: 25 Stories of Innovation.
ISG Research worked with the leading technology companies around the globe, both large and small, to build this unique compendium of compelling case studies that demonstrate real-life business issues illustrating how organizations are currently accelerating the use of digital technologies. For the second consecutive year, UST Global has been recognized for Digital Excellence by ISG.
ISG highlighted UST Global’ s engagement with a leading Spanish multinational commercial bank and financial services company to transform the international payments experience for its customers by deploying blockchain-based solutions. UST Global helped the bank to realize its vision into a successful service offering.
The bank launched its mobile-based application that enables their end customers to complete international transactions in seconds – the same transactions previously took four to five working days to complete. In just four to five clicks, the customer can enter the amount to be transferred, select a recipient and exchange rate, and confirm the transaction. The application leveraged a technology based on distributed ledgers which enabled the bank with interoperability among different ledgers and networks, cryptographically secured end-to-end payment flow, transaction immutability, and information redundancy. UST Global played a significant role in delivering the solution and integrating the platform.
UST Global leveraged its fully dedicated blockchain core team with a full range of skills needed to build and deploy the application. The solution went live in Spain, U.K., and several Latin American countries. Customers of the bank expressed appreciation for its ease of use, transparency, and better user experience compared to the previous service. The bank plans to roll out the application to more customers across other geographic regions.
“We are immensely honored to be recognized by ISG as a leader in Digital Excellence for the second consecutive year,” said Manu Gopinath, Chief Operating Officer, UST Global, “The ISG Digital Case Study Book highlights the digital excellence, innovation and client success by digital providers enabled for enterprises. We pride ourselves on our ability to continuously innovate, deliver, and transform the digital journey of our clients worldwide. Our case studies, transformation stories, constantly measure success and enable us to learn and improve while continuing to provide world-class solutions for our customers globally.”
Blockchain
Digital Payment Gateway Market Industry Trends and Opportunities 2030, with Competitor Analysis for PayPal, Stripe, Adyen, Worldpay, Razorpay Software, Mollie, BlueSnap, Klarna Bank and Dwolla
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Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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