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How Blockchain Technology is Changing Real Estate

How Blockchain Technology is Changing Real Estate

Many industries have lately noticed the positive use the blockchain technology in their domain—especially the real estate industry. The real estate industry remains the most significant asset in the world. Blockchain has been around for a little more than a decade. However, the profits of this digital method for moving around valuables are still distant to many commercial real estate executives.

However, blockchain and real estate have been used in the same order during the past several years. Market experts predict blockchain and cryptocurrencies will continue to grow in the real estate industry in the coming years. This ongoing digitalization will be handy as every database will be connected to your real estate application under the control of blockchain technology. Let’s check out How Blockchain Technology is Changing Real Estate: 

Platforms and Marketplaces

The real estate sector has traditionally been mainly concerned with listings and with uniting buyers and sellers. However, blockchain proposes new ways to trade real estate and enables trading programs and online marketplaces. Industry experts can then trade assets like stocks on an exchange and other activities online by taking over real estate. The accumulated tokens can 

be exchanged for authorization currency, with buyers owning a percentage stake of the capital.

  • Possible elimination of Agents

Brokers, lawyers, and banks have their place in real estate. Nevertheless, blockchain may soon usher in a shift in their roles and support in transactions. Cutting out the agents and other intermediate people might result in buyers and sellers getting added out of their investment they save on charges charged by these mediators. This also makes the process much faster as the back-and-forth between these middlemen gets cut.

  • Property asset

Real estate has long been recognized as an illiquid asset since it takes time for sales to terminate. This isn’t the case with cryptocurrencies and indications since they can, in philosophy, be readily traded for authorized currencies through exchanges. However, as tokens, real estate can be readily changed. A merchant doesn’t have to wait for a client who can afford the entire property to get some value out of their property.

  • Partial Ownership

By providing partial ownership, blockchain also lowers the barriers to real estate funding. Typically, investments would require significant money upfront to obtain property. On the other hand, investors could also merge their money to collect more prominent ticket properties. Through blockchain, investors would have to access a trading app to buy and sell even parts of tokens as they see worthy. In addition, divided ownership would also help them evade managing the properties themselves, such as support and leasing.

The transparency in selling business associated with a decentralized network can also reduce costs related to real estate activities. Beyond the savings made by skipping out mediators’ professional fees and brokerage, other expenses such as inspections, registration fees, loan fees, and taxes are associated with real estate. These costs even vary depending on the area that has control. Like agents, these can be reduced or even eliminated from the equation as platforms automate these processes and make them part of the practice.

How Blockchain Technology is Changing Real Estate

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A Comprehensive Guide on Crypto Art

A Comprehensive Guide on Crypto Art

Wondering what exactly crypto arts are? Why are they making a lot of noise these days? What are some of the popular digital artworks? Well, this article has got you covered.

Table of Contents

  • What Exactly Crypto Art Is All About?
  • Delving Deeper Into Crypto Art
  • Nyan Cat’ Flying Pop-Tart meme sells for nearly $600,000
  • Nyan Cat Isn’t the First Piece of Crypto Art: Other Popular Digital Artworks
  • Concluding Lines

What Exactly Crypto Art Is All About?

While there isn’t one agreed-upon definition for the term, let’s explore how most people define it. Basically, Crypto art is a category of art that is related to distributed ledger technology, Blockchain. In other words, we can say that Crypto art offers a way to make digital art unique and valuable at the same time. It is a type of digital artwork that is published on a Blockchain network in the form of a non-fungible token (NFT), making artwork’s ownership, transference, and sale possible in a cryptographically secure manner.
Talking about its history, Monegraph launched the first marketplace to register art on the Bitcoin blockchain in 2014, and since then, crypto art has gained momentum.

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Delving Deeper Into Crypto Art

If anyone wants to make a digital file one-of-a-kind, crypto art is a way to do that. These arts are something that are linked to the piece of art, called a Non-Fungible Token, which can be considered as a unique ID number assigned to the art. It’s worth noting that while digital arts can be infinitely duplicated, it’s almost difficult to deter people from copying a digital file after they’ve obtained it.

As crypto art has a unique id number, this number is checked against a distributed database, known as a “Blockchain.” ” When we speak about the Blockchain, we’re talking about a peer-to-peer, decentralized distributed ledger technology that keeps an immutable record of any transaction.

Now, whenever an NFT transaction takes place, the data is timestamped and has to be validated across the entire Blockchain. Blockchain ensures that it contains a history of every transaction ever made with that specific NFT, and data remains unalterable. It verifies that there is only one unique account capable of owning the NFT at a given instant of time. For instance, if user A sells an image or a video to user B, then user A cannot sell to any other user, and if in case he attempts to sell, Blockchain will mark the transaction as invalid.

Nyan Cat’ Flying Pop-Tart Meme Sells for $600,000

NFTs are gaining popularity from the start of 2021 and are exploding as the hot new tech thing.
Last week in February 2021, an announcement was made which stated that Nyan Cat’s flying Pop-Tart meme sells for approximately $600,000 as one-of-a-kind crypto art. According to stats, Crypto art represents a $US100 million market and allows digital artists to monetize memes.

When interviewed, Chris Torres, the creator of Nyan Cat, stated that the NFT sale represents his first foray into crypto art. He further mentioned that he is overwhelmed with success and glad to have opened the gateway to a complete new meme economy in the crypto space.

Initially, it was reported that bids began at 3 Ether and finally closed at 300 ETH; however, the buyer was anonymous. Although Nyan Cat sells out, its GIF and video will continue to be available for online distribution.

Nyan Cat Isn’t the First Piece of Crypto Art: Other Popular Digital Artworks

Nyan Cat isn’t the first piece of crypto art to fetch a high price. In February 2021, it was announced that the batch of 34 NFTs was purchased by a whale that paid around $1 million. Also, last year in December 2020, Mike Winkelmann, the legendary digital artist best known as Beeple, sold the most valuable NFT collection at $3.5 million that attracted more artists to the fast-growing NFT space. The auction included 21 single edition pieces where three pieces were sold as open editions. Tom Hanks beating the hell out of coronavirus” was one of the most expensive items, bringing $107,000. Another, dubbed “Mario 2020,” sold for $115,000 on eBay.

The latest artist to get on the NFT gold rush is Grimes that sold $6 million worth of digital artworks, including images and short videos set to music. It was mentioned that the highest-selling piece was a one-of-a-kind video called “Death of the Old”, and the bulk of the sales came from two pieces with thousands of copies available that sold for $7,500 each.

Concluding Lines

There is no denying the fact that crypto arts are bringing communities of artists together from all around the world. Its era has just begun. As it is an incredibly exciting new industry, soon, the world will be going to get more into collecting crypto art for sure.

What’s your thoughts on crypto arts? Let us know in the comment section below.

Interested in learning cryptocurrency trading strategies and becoming a Certified Cryptocurrency Trader? Get started with Blockchain Council.

To get instant updates about Blockchain Technology and to learn more about online blockchain certifications, check out Blockchain Council.

A Comprehensive Guide on Crypto Art

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Cryptocurrency Exchange Coinbase is Permitting Traders and Investors to Purchase Stocks

According to the latest announcement, Coinbase, an American cryptocurrency exchange platform, is all set to go live within two weeks, allowing investors and traders to purchase stocks in the trading platform. 

An official announcement states that Coinbase’s stock will begin trading on the Nasdaq Global Select Market under the ticker symbol COIN on April 14, 2021.

Founded in 2012, Coinbase is a leading U.S.-based cryptocurrency exchange that operates remote-first without an official physical headquarters. It has a strong presence in the cryptocurrency market. The company aims to build the crypto economy to establish a transparent financial system enabled by cryptocurrency assets.

Initially, last year in December 2020, a leading crypto exchange platform announced that it is going public. Brian Armstrong expressed concerns about Bitcoin trading at that time, and despite that, Armstrong appears confident that whatever bitcoin is incurring, it is likely the start of something big.

After deciding to go live, the crypto exchange filed Form S-1 with the Securities and Exchange Commission (SEC). As things are now going in the right direction, one can only conclude that the exchange passed the financial agency’s approval procedure, which is applied to all firms requesting public trade options.

As a part of this announcement, Armstrong commented that we are committed to bringing the potential of crypto to everyone. He further stated that we would continue to strive to provide customers with the highest levels of security, trust, and transparency during times of intense demand. 

The Period of Extreme Demand Has Truly Arrived, Says Armstrong

In December 2020, when Armstrong announced that Coinbase plans to go public, he noted that all have to believe that we are still in the initial stages and that there’s a lot more to come. Now, as Bitcoin is trading for more than $59,000 per unit, it seems like Armstrong’s statement has truly arrived. 

Many major companies, including Tesla, Mastercard, Bank of New York Mellon Corp., Visa, and others, are showing interest in crypto space and allowing crypto payments for goods and services. Tesla announced that people can now buy a Tesla with bitcoin in the U.S. Similarly, Bank of New York Mellon Corp., according to the announcements, is also investing in a cryptocurrency startup named Fireblocks to embrace digital assets. Visa, a major credit card provider, also announced that it is collaborating with cryptocurrency exchange platform and card issuer Crypto.com to facilitate a crypto settlement system for fiat transactions. 

To get instant updates about Blockchain Technology and to learn more about online Blockchain Certifications, check out Blockchain Council. 

Cryptocurrency Exchange Coinbase is Permitting Traders and Investors to Purchase Stocks

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Professional Opportunities in Blockchain Space

Professional Opportunities in Blockchain Space

Blockchain is a booming sector, and therefore there are ample opportunities waiting for you in the market. If you want to get started as a Blockchain Expert or as a Blockchain Developer, we have got you covered as this article talks about the best online degrees for Blockchain enthusiasts. 

Table of Contents 

  • The Upsurging Need for Blockchain Experts 
  • Career Opportunities in Blockchain
  • Concluding Lines: Best Online Degrees You Must Consider

The Upsurging Need for Blockchain Experts 

Blockchain is lately gaining an immense reputation for its industry-disrupting capabilities. As a technology that simplifies complex business processes by offering decentralization, transparency, immutability, security, and privacy, a Blockchain is a must-know tool in today’s context. Blockchain Developers have become very valuable in the job market, with jobs ranging from $150,000 to $250,000. Glassdoor reports that the national average salary for a Blockchain Developer is £50,625 in the United Kingdom and that in China, it is 元3,77,580, indicating that Blockchain professionals are in high demand.

Of course, not everyone is cut out for these opportunities. If you are looking for career opportunities in this domain, you must acquire the skills that set you apart. 

Career Opportunities in Blockchain

Blockchain Developer 

This is one of the most in-demand skills at present. Tech giants, enterprises, government institutions, and even startups are looking for skilled Blockchain Developers.

A Blockchain Developer understands Blockchain technology profoundly and can build Blockchain-based applications for specific use-cases. In other words, he/she specialize in creating and implementing technical solutions with Blockchain Technology. 

A proficient blockchain developer holds a strong knowledge of bitcoin-like blockchains, including other types of Blockchain like Ethereum, Hyperledger, Corda, etc., and responsible for Blockchain evaluation and smart contract development. He develops interactive front-end designs for dApps(decentralized apps) and supervises the entire stack running their dApps.

Given the complexity of technology, it is vital to have truly specialist advisory. A Blockchain consultant provides advice and critical guidance in terms of Blockchain Technology, Cryptocurrencies, and Smart Contracts. As companies are adopting and implementing this distributed ledger technology, they are also looking for legal expertise on what considerations to make while investing, to know the implications of their actions, how to handle their finances, etc.

Blockchain Architect 

A Blockchain architect offers end-to-end solutions to its customers using Blockchain technology and helps develop an overall blockchain ecosystem engagement strategy. 

An architect progressively makes critical decisions in terms of implementation, operations, and maintenance that define a specific direction for a system and act as a technical liaison between customers, service engineering teams, and support.

In order to become one, one must understand Blockchain architecture basics, tools required, how to develop network nodes, and how to architect his own Blockchain solution.

Blockchain Quality Engineer

The quality engineer conducts testing and automation and ensures that all sections of the project are of the required quality, and guarantees that all operations are of perfection in the Blockchain development environment. Thus apart from having in-depth technical skills, excellent communication skills would go a long way in maintaining good work relationships. 

Here it is important to note that these are not the only roles. Be flexible as these careers come in many forms. Apart from the ones mentioned above, other connected roles are Accountants, Crypto Journalists, Analysts, ICO advisors, and many others.


Concluding Lines: Best Online Degrees You Must Consider

Now, as you have learned that there are ample opportunities in this domain, the time has come to explore some of the best, well-known online degrees in order to take your career to new heights. 

Online Degree in Blockchain

Online Degree in Blockchain is designed to equip you with the profound knowledge of Blockchain technology. Backed by the extensive practical-based sessions, completion of this blockchain degree ensures to render you the required competence to have a successful career in the Blockchain sphere.

As Blockchain technology has taken the digital world by storm, the future of Blockchain technology is promising. Becoming a master in Blockchain technology by going through an Online Degree in Blockchain unfolds the world of opportunities for you.

Moreover, you must consider Online Degree- Blockchain for Business as this particular course will provide you with the essential skills to leverage Blockchain technology for increasing business potential. 

Online Degree in Cryptocurrency & Trading 

Online Degree in Cryptocurrency & Trading is an online program with the provision of concise and effective comprehension of Cryptocurrency and trading. This degree program focuses on the in-demand industry requirements needed to have excellence and good command in Cryptocurrency and Trading space. With this program, you will master the Cryptocurrency market by learning from veterans in the Cryptocurrency space. You will learn Technical Analysis, Candlesticks, Blockchains, Derivative Trading, and Good Investment Strategies to make you successful in the Crypto market.

As Blockchain is evolving, evolve yourself too with Blockchain Council and become a certified Blockchain professional. 

To get instant updates about Blockchain Technology and to learn more about online Blockchain Certifications, check out Blockchain Council.  

Professional Opportunities in Blockchain Space

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A Comprehensive Guide on Amazon Managed Blockchain

A Comprehensive Guide on Amazon Managed Blockchain

This article provides a comprehensive guide on what Amazon Managed Blockchain is, explaining its benefits and AWS availability of Ethereum on Amazon Managed Blockchain.

Table of Contents 

  • What is Amazon Managed Blockchain?
  • Benefits of Amazon Managed Blockchain
  • AWS Availability of Ethereum on Amazon Managed Blockchain
  • Concluding Lines 

What is Amazon Managed Blockchain?

For all Blockchain beginners, Blockchain is a peer-to-peer(P2P) decentralized distributed ledger technology that records transactions in an immutable manner. Technology allows developers to build applications where various parties can carry out transactions in parallel without relying on a central authority.

Although this might sound fascinating, it is important to note that Blockchain’s scalability still remains one of the prime issues. In fact, building a scalable blockchain with existing technologies is a complex task.

Managed Blockchain is a completely managed service that empowers users to join public networks and maintain and manage scalable private networks with just a few clicks. Instead of manually installing software, creating and managing certificates for access control, and configuring networking components, continuously monitor the infrastructure, and adapt changes when required, one can rely on Amazon Managed Blockchain as it makes it easy to maintain your Blockchain network. 

The significant benefit of this Blockchain is that it eradicates the overhead that is required to create the network, and, most importantly, it automatically scales in order to meet the requirements of thousands of applications performing millions of transactions. 

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Benefits of Amazon Managed Blockchain

Let’s have a quick look at the advantages of Amazon Managed Blockchain.

Fully managed

Amazon Managed Blockchain assists in the creation of blockchain networks spanning several AWS accounts, allowing a group of people to perform transactions and exchange data without the need for a central authority. It also removes the need for manual provisioning of hardware, device setup, and networking and security configuration.

Offers two Different Blockchain Platforms

Initially, Managed Blockchain supported only Hyperledger Fabric, but now customers can choose either Hyperledger Fabric or Ethereum, depending on their needs.  

Scalable

This particular Blockchain has the potential to scale your blockchain network depending on the usage of applications on the network. This Blockchain has the ability to scale your blockchain network based  It means that if a network user requires additional capacity for making and validating transactions, he can instantly use Managed Blockchain’s APIs to add a new peer node. 

Reliability

Managed Blockchain aims to improve the reliability of the ordering service, which is a component in the Hyperledger Fabric that ensures delivery of transactions, although it’s difficult to keep track and recover the entire transaction history. Managed Blockchain’s ordering service is built using special Amazon QLDB technology and has an immutable change log, which guarantees that the data is durably saved.

AWS Availability of Ethereum on Amazon Managed Blockchain

Initially, in 2019, Amazon announced the general availability of its fully managed blockchain service, and after two years, recently in March 2021, Amazon announced its extended services, mentioning its general availability of Ethereum on Amazon Managed Blockchain. Thus, with this announcement, Amazon Managed Blockchain presents the selection of two different blockchain platforms including, Hyperledger Fabric and Ethereum. 

Let’s talk a little bit about Etherum and Hyperledger Fabric here. 

Hyperledger Fabric is an open-source enterprise-grade permissioned DLT platform that is known to provide modularity and versatility for a broad set of industry use cases, including banking, insurance, healthcare, supply chain, human resources, etc. It is well suited for applications with rigorous privacy and access control. 

Talking about Ethereum, it is an open-source platform for decentralized applications and is better suited for highly distributed networks where data transparency is critical. It enables a successful use case, and that is decentralized finance (DeFi) that is gaining a lot of momentum and showing no sign of slowing down. 

But when it comes to operating and managing Ethereum infrastructure, its not easy as there are various concerns, including data reliability, data storage scaling problems, and time-sensitive Ethereum software upgrades.

Now that Amazon has made Ethereum on Managed Blockchain generally available, consumers of AWS can easily provision Ethereum nodes and link to the public Ethereum main network and test networks such as Rinkeby and Ropsten.

Amazon Managed Blockchain helps customers in a number of ways. For instance, they can get:

  • secure and reliable networking 
  • reliable access to the network via standard open-source Ethereum APIs
  • reliable synchronizations to the Ethereum 
  • durable and flexible storage for data. 

Developers building smart contract monitoring tools and fraud detection apps can now reap the benefits from fully managed Ethereum service on Amazon Managed Blockchain. According to Amazon, Ethereum nodes are fully integrated with the AWS management console, which permits the creation or deletion of a node and regains information about running nodes. 

It was explained by Amazon that,

“Ethereum on Managed Blockchain only supports the eth_sendRawTransaction method, which demands that you create and sign the transaction before sending it to the node. Managed Blockchain does not have any way to sign transactions similar to an Ethereum wallet application.”

Concluding Lines 

This has led us to the end of our discussion. Hope you have gained a clear understanding of Amazon Managed Blockchain. 

If the Blockchain domain interests you, you can get enrolled in Blockchain Council and become a Certified Blockchain Expert. 

To get instant updates about Blockchain Technology and to learn more about online Blockchain Certifications, check out Blockchain Council.

A Comprehensive Guide on Amazon Managed Blockchain

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