Forex Trading Platform Development Company

Forex, or foreign exchange, can be defined as a network of buyers and sellers who exchange currency at a predetermined price. It is the process by which individuals, businesses, and central banks exchange one currency for another—if you have ever traveled abroad, you have most likely made a forex transaction.

Some forex is done for convenience, but most of the currency conversions are done for profit. Due to the number of currencies converted daily, price fluctuations in some currencies can be very volatile. This volatility makes forex very attractive to traders. It increases the risk and the potential for great profits.

Importance of Forex Trading 

The importance of the foreign exchange market can be understood by studying its role in the country's economy. Forex markets exist primarily to meet the currency needs of exporters, importers, and travelers. 

The foreign exchange market is needed for the following important functions that drive  a country's economy:

1. International Trade 

Exporters need to convert payments received from foreign buyers into local currency. Similarly, when purchasing goods abroad, the importer must convert the local currency to US dollars. In addition, large companies need  US dollars to set up branches, warehouses, or factories elsewhere in the world. Exchange conversion is also required to complete the merger or acquisition. Such requirements can only be met through the forex market.

2. Settlement of Financial Products 

 Payments are often sent from one country to another as financial instruments (checks, bills of exchange, letters of credit, international wire transfers, etc.). The trading process is complex and can involve more than one bank, but it is the foreign exchange market that determines the exchange rate used to determine the amount to be credited to the recipient's account. 

 

 When one country lends to another for a development project, it usually opens a credit line in favor of the companies involved in the project. Such products are also processed at exchange rates that are common in the foreign exchange market.

3. Hedging 

Hedging is also done in the forex market by investors who have purchased higher-risk assets outside their country of residence. Investors will look for safe assets such as the Japanese yen and the Swiss franc, especially as political tensions between the two countries (such as the United States and North Korea) increase. Without the forex market, it would be difficult to realize such a transaction in a short period of time.

4. Inflation Control 

In general, central banks operating under a stable government hold large amounts of reserve currency as part of their foreign exchange reserves.  Central banks also intervene in the foreign exchange market as needed to ensure that local currencies remain weak.  A weak domestic currency will increase export competitiveness.

There are a lot of companies that are dealing in forex trading development around the world. One of these companies is Webcom Systems, which is located in Mohali. 

Webcom Systems helps in website designing and development, digital marketing, graphic marketing, mobile application development, and video animation. Our services also include forex trading platform development, fintech development, crypto development, blockchain development, and tokens. 

We help you set up forex trading software to facilitate a fluid solution for everyone. We design your terms and conditions and support you to make your business successful! 

 It provides forex trading software advice to new brokers and financial institutions. We help build a forex trading platform and support liquidity solutions.

 

Features 

We will build a forex trading platform that will transform your business and revolutionize your industry. 

 

We offer quality service at an incredibly low price compared to traditional Forex brokers.  We have our own business model that helps users quickly scale up their growth ladder. We have also introduced various payment systems to prevent withdrawal troubles. 

We are internationally recognized as the most innovative forex trading platform. We have the best forex experts with 24/7 support, so you don't have to settle below. Name - Webcom Systems Address - Elante Offices 1st Floor Chandigarh Phone Number - +91 9216242512

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Blockchain Technology and Its Role in Education System

Blockchain or Blockchain Can be defined as the set of records which are stored in the form of blocks. These blocks are secured via the cryptography. It has the power to eliminate traditional record-keeping and save money and seamlessly optimizes the supply chain management system.

Blockchain allows the distribution of digital information without traced or copied by anyone. Blockchain created the backbone of a new type of internet. Nowadays blockchain technology used in many fields like education, finance, real estate, and health. Blockchain gained fame in the recent few years because of its ability to deal with the cybersecurity, many industries started using it.

On the other hand, education is the cornerstone of developing nations. The focal point and force multiplier of any developing country is underpinned on the education mechanism. Education has brought great developments to the science & technology sector, space, medicine, industry, agriculture and various other aspects.

Education systems across the globe are gearing up to embrace blockchain technology into their system. So, let’s dive into the exciting possibilities of Blockchain in education mechanism. 

Education Certification on Blockchain

Verifying the educational credentials related to graduation is a tedious task. It requires a considerable amount of time to get the confirmation on the authenticity from the respective universities.

Complying with such needs, MIT University is developing an app build on Blockchain technology and graduates can share their credentials with the respective incumbent.

The technology is highly secure and inalterable due to distributed ledger technology. Thus, eliminating any need for such tedious work.

Infrastructure Security

Security becomes the major concern for the colleges and students due to data breaches. Data breaches target student records and steal information that can be used to sell to hackers or use it in an unauthorized way. But with the blockchain development, it is impossible to breach the data records of college or university. This could ensure student data privacy.

Blockchain can help in creating ledgers that are unalterable and cannot be decrypted and can be shared in the desired network.

Innovation Learning Platform

One of the best uses of blockchain in the education sector is the development and learning platforms. For instance, the Education Ecosystem platform is one of the first projects that use blockchain technology to connect students, teachers, developers, and content producers.

College and universities can use the same principle to create an internal system and allow the students to access the study materials and share their ideas about the projects and assignments. Students can internally access to download the books, study materials and feedbacks.

Libraries Management               

Distributed ledger technology renders state of the art metadata archive. Your educational digital rights are streamlined and are protected with blockchain technology as the stringent protocols for community-based collections and effective management, thus information service mechanism is seamless upgrades.

Talent Management

Institutions and Universities spend a big chunk of money on student training. But the records of training imparted and the skillset improved, achievements accomplished must be kept for a lifetime.

Today, everything is vulnerable to cybercrime. This is where blockchain comes into the picture and provides an open and secure system for talent management.

Conclusion

Blockchain and ledgers are a force multiplier for educational innovations. They are poised to give evolutionary benefits. Embrace the future and induct a seamless mechanism into the educational system, which is foolproof.

Blockchain technology can help improve the educational systems in many ways. Blockchain technology is the perfect solution to store information, sharing and distributing to students. It makes the process fast, secure and easy to access.

Blog republished from https://www.linkedin.com/pulse/blockchain-technology-its-role-education-system-parul-sharma/

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What Are Benefits Of Using White Label Crowdfunding Software?

Crowdfunding, a process allowing one to aspire better at calculated stakes. There are times when we intend to take risks and yet fail to make ourselves comfortable with the idea of it.

Crowdfunding helps one to take balanced risks at calculated stakes as a plethora of people invests a small amount of money to make a particular business work.

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5 Business Benefits Of Blockchain That Can Skyrocket An Organization's Growth

It feels like business world changes every day.

New promotional tactics, advertising tactics emerge everyday to fade off the old.

Consumers easily get bored of same old marketing tactics. The simply start ignoring the old that they were watching from past many years.

They need change.

So, we can conclude that all changes happen because consumer behavior changes with time. 

But thankfully there are few things in business world that are constant. One such important thing is quest for new technology. From time immortal business houses across the globe are adopting new technologies to flourish and generate more profits.  

And Good thing about technology is that a business house just needs to adapt it. Simply fine tune it with a business and get started.

Isn’t that simple!

All in all, we can attribute business success to perfect technology adoption. When you connect with right technology at the right time, everything just goes smoothly. 

One such futuristic technology that every business now needs to adopt is Blockchain.

Having wide applications blockchain technology has the potential to turn fortune wheel of almost all businesses. 

Hold on!

A question that comes up here is how blockchain is transforming businesses?

Well!

Let’s begin by understanding blockchain!

What is a Blockchain Technology?

Blockchain technology is a cryptography based technology that maintains an immutable record in form of interlinked blocks or nodes. It is a decentralized algorithm based database which is not controlled by any single individual or organization.

Moreover, its time stamp and public ledger feature makes it secure by design thereby setting it apart from other technologies. Best is that because of distributed nature of blockchain processes driven by it are absolutely free from third party authentication.

Feature that makes it even more amazing is that processes driven by it are also easy on the pocket. Crux here is that quiver of blockchain has arrows of speed, security and smart technology to revolutionize today’s business landscape.  

And just because of all these advanced features it can be easily incorporated in multifaceted areas. Recording of events, hospitality, environment, traveling, real-estate, insurance, legal affairs, identity management are just a few to name here.

Read More: What is Blockchain Technology?

A Glance Of Blockchain History

Blockchain technology was introduced to the business world by Satoshi Nakamoto in 2008. He used this technology to drive cryptography based digital currency called Bitcoin. 

For digital currency it acts as a distributed public ledger where record of all the transactions is maintained. So, at the outset it was considered merely as an underlining technology for Bitcoin.

However, later on in 2014 electronic coin users discovered that blockchain technology can be exploited for various other applications also.

Here entry of a young crypto enthusiast Vitalik Buterin further paved way for concept of trust beyond currency. You can follow Vitalik on twitter to get latest updates. https://twitter.com/VitalikButerin.

He introduced a ground breaking element of 'Smart contracts' in blockchain thereby further adding in its public utility.

That was the turning point!

‘Smart contract’ unlocked new doors of bright possibilities. On realizing its true potential a sudden surge in blockchain investments came to make it suitable for various processes.

And rest is the history!

So, by now if not comprehensive we have at least a basic idea about this decentralized technology.

Now, let’s understand how it catapults an organization’s growth?

How Blockchain Skyrockets an Organization's Growth?

• Enhances business reach

Blockchain has observed an enhanced adoption from companies. The prime reason behind this is that it helps companies to cast its net on global consumers – efficiently. Opening of big markets evidently pushed companies to squeeze more profits. Most exciting aspect out here is that operations can be performed 24X7 round the year.

• Restricts frauds

Before the advent of blockchain trading and other commercial activities were operating in constant threat of frauds. Till date traditional online transaction methods are not 100% hacking proof. Contrary to this being decentralized and distributed in nature it has become literally impossible for hackers to crack in. Moreover, pre written programming codes or protocol called ‘Smart contracts’ further strengthens its security. Acting as an enforcement agent these features enable users to process transactions without any apprehension of fraud. 

• Enhances profits by excluding third parties

The biggest advantage that blockchain offers is that it enables peer-to-peer business processes or ownership transfers. Now, peer-to-peer transactions simply means ruling out of all third parties like banks, accountants, middleman, tax and legal agencies. Exclusion of all such third parties greatly trims down operational costs of processes and hence augments profits. Moreover, peer-to-peer transactions or operations allow companies to quickly gather information about installations, management, maintenance, repairs and returns. All in all, direct communication among parties assists to obtain correct feedback which otherwise could be manipulated by third party.

• Brings transparency and trace-ability

One of the biggest advantages that it offers is eliminating the opacity in operations. Because of this opacity or lack of transparency unnecessary delays occurs resulting in development of bad commercial relations. But, operations on blockchain powered platforms now occur on a distributed public ledger that ensures absolute transparency. Moreover, being distributed in nature it allows companies to quickly track goods down the supply chain.

• Ensures anonymity

Because of inevitable circumstances many-a-time’s companies prefer to operate in an anonymous manner. But as traditional methods involve third parties it seems a hard nut to crack. However, blockchain eliminates third parties and give users a unique encrypted identity code ensuring identify protection of parties involved. 

Concluding thoughts

In today’s ever evolving digital era you cannot afford to rely on methods that are easily ignored.

Now, it’s a proven fact that we are heading towards a more digital business world. Therefore, we need to adopt and adapt a technology that is completely digital and autonomous in essence.

That’s exactly where blockchain has edge.

Considering its wide and unique features there is no doubt that it is a big player. It has an adequate amount of power to get all businesses where they want to go - fast.

Giving a concise idea few key benefits of block-chain tech are underlined here.

But that’s not all!

Learn it!

Master it!

Find new and better ways to apply it in your business. Then fine tune your operations with this new decentralized technology to grow your business steadily.  

Share with us what new benefits you found that are helping your business?

Stay tuned with us for more such updates about world of blockchain.  

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Blockchain and Smart Contracts are Making World a Better Place

Almost half of year 2018 is passed.

To maximize business prospects and to successfully generate revenues in rest of the year many corporates are adopting blockchain.  

Mind it!

If you fail to adopt blockchain technology, your business will lag behind.

In fact, for intelligent businesses it is a top priority. All smart professionals are adopting it. Best is that the time it takes is minimal, but impact is huge. So, why aren’t you?

A million-dollar question come up here is what makes a blockchain so decisive.

Rest easy!

No need to go in much depth. The outstanding feature that makes blockchain so crucial in today’s era is none other than ‘Smart Contract’.

And it is no more a secret that including smart contracts gives power and business platforms more secure and autonomous.

Crux here is that, introducing smart contracts in transactions is a great way to bring in 100% safe, decentralized system.  

Before going in much depth let’s first understand what all is a smart contract.

You can also contact experts at top blockchain development company in Chandigarh i.e. Webcom Systems to get quick answers.

What is a Smart Contract in Blockchain?

To comprehend blockchain in-depth read our blog what is blockchain technology. In this bog post we have thoroughly covered what’s blockchain and mode of working etc.  

Now, let’s begin with smart contacts. Right!

A smart contract is a computation program that occurs on a blockchain.

It is just a pre-written programming code that carries out given commands automatically.

To put in other words, it’s an intangible protocol that users need to cross for execution of a financial transaction. Most exciting thing is that as no human interference occurs at any stage therefore it significantly trims possibility of hacking.

Smart contract facilitates a user to exchange money, assets, shares or any sort of valuable goods in a transparent mode. It further plays a decisive role in situations like healthcare, credit enforcement, contract breaches, legal processes and crowd funding agreements.  

Crux here is that, smart contract means Autonomy, Reliance, Backup, Security, Speed and Savings all in one spot.

Benefits of smart contracts

1.      Exclusion of third parties

Unique peer-to-peer ownership transfers powered by smart contracts completely rules out third parties like banks, accountants, middleman, tax agencies etc. Therefore, smart contract assists to streamlines business operations.

2.      Smart contracts endow security

As mentioned earlier smart contracts are completely computational protocols that executes on-its-own. Moreover, all codes are stored in an encrypted form thereby making it literally impossible to copy or replace data. Specific private key given to each user make security air tight and hence completely rejects chance of any fraud.

3.      Brings lightening pace in operations

Smart contracts are completely computer backed operations hence require no paper work. And this is not only a matter of convenience, but also of speed. All in all, cutting of paper and legal procedure simply means absolute freedom from time killing activities.

4.      Negligible processing fee

Processing fee is the amount an exchange charges it users for making a transaction. Processing fee is indirectly proportional to profits i.e. more the processing fee, leaner will be the profits. Best is, smart contracts reject all possibilities of intermediates, paper and legal formalities and hence processing fee is also insignificant.

Snapshot of 4 powerful ways that smart contract platform offers

1.      Enables a business to execute business processes or transactions even with unknown clients sitting far away across national borders.

2.      Enables a business to connect online operations with smart contracts in order to beef up their security, speed and reliability.  

3.      Enables a business to escape to time killing and costly legal procedures.

4.      Enables a business to use smart contracts as an enforcement agent.

Conclusion

Blockchain technology is unarguably a path breaking next generation decentralized technology. But the arrow in its quiver that makes it sharper is none other than ‘Smart contracts’.

The autonomous execution power of blockchain contracts holds significant opportunities. Opportunities generated by it are potent enough to bring social, financial and technical changes in the world.

In short, more you will make your business operations smart contract enabled better will become your chances to gain edge.

However, this is certainly not the end. Smart contract holds unlimited opportunities which only depend on ingenuity of its users.

Let’s see what more innovations are waiting in future.

Stay tuned for more!

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