The Norway-based payments company is leading the shift toward direct e-commerce. Reltime AS is using its revolutionary Web3 merchant payment solution to help lead the transition from traditional ecommerce, which is controlled by many intermediary organizations, to a direct e-commerce platform where values are instantly exchanged between customers and/or merchants/businesses worldwide. Reltime’s platform will support direct e-commerce across 170 countries. Currently, the payments company, which is a global leader in Web3, Layer 1 Proof of Authority and Metaverse financial services platform, is supporting the direct e-commerce solution in 170 countries…
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How Is Blockchain Changing The Finance Industry?
The global financial system deals with almost trillions of dollars and billions of people every day. But even so, it’s full of many problems, causing frustrations over delays, extra fees, and tedious paperwork, which only opens up opportunities for crime and fraud. In fact, almost 45% of financial intermediaries across the tech and professional services sector suffer from daily crime on a daily basis. For this reason, it’s almost not surprising to witness how regulatory costs only continue to soar higher while still remaining a worrying matter for many bankers.…
Read MoreWhat are Smart Contracts? Use Cases and Examples
Smart contracts are an important part of most blockchain-based ecosystems, and the most important element of application-focused blockchains, such as Ethereum. These smart contracts are programs that run on blockchains. For instance, an Ethereum contract will run on the Ethereum blockchain. Smart contracts are digital, autonomous, transparent, trustless, and decentralized — and these contracts normally can not be modified or altered once deployed. One of the advantages of smart contracts include reducing or sometimes removing intermediaries and contract enforcement in a transaction or an agreement. With smart contracts, the code…
Read MoreWest Virginians living abroad cast their election ballots via mobile voting
The remote voting system via mobile device is a pilot project. Almost 140 West Virginians living abroad in 29 counties have used mobile voting in order to participate in the 2018 midterm elections. West Virginia is the first state to run a blockchain-based voting project at such a large scale. The statewide pilot project covers 24 of West Virginia’s 55 counties. It uses a variety of tech, including a combination of smartphones, facial recognition and blockchain to create a large-scale and secure method for West Virginians, including service members, Peace…
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