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How blockchain could transform the world of indirect tax?

How blockchain could transform the world of indirect tax?

Adding indirect taxes to the mix could significantly boost the business benefits of blockchains. “Blockchain technology could fundamentally transform how businesses and indirect tax administrations operate and interact.” A blockchain may be defined as a distributed ledger of transactions. Like a traditional ledger, individual transactions (unique blocks) are added to the ledger (the chain) and Read more about How blockchain could transform the world of indirect tax?[…]

How can blockchain technology affect audit and assurance?

How can blockchain technology affect audit and assurance?

While traditional audit and assurance services will remain essential, blockchain business applications and new accounting technology are likely to have a significant impact on the way auditors execute engagements. Blockchain technology forms the foundation for an internet-based peer-to-peer network that uses computer-powered cryptography to facilitate exchanges of value. According to the newly released audit and Read more about How can blockchain technology affect audit and assurance?[…]

Panaesha Capital Pte. Ltd

How can blockchain technology’s application (rather than other technology solutions) revolutionize the banking and financial sectors?

The global financial system is one of the most popular sectors that could be benefited through the application of blockchain technology. Operating on the basis of highly dependent manual networks, the banking and finance sector is prone to errors and frauds that could lead to a crippled money-management system. According to Global Fintech Report 2017, Read more about How can blockchain technology’s application (rather than other technology solutions) revolutionize the banking and financial sectors?[…]

Panaesha Capital Pte Ltd.

MIT analysts’ brand new cryptocurrency Vault, is faster, more efficient than the other popular cryptos.

The researchers of the Massachusetts Institute of Technology (MIT) have developed a new cryptocurrency that considerably reduces the need of users to join a network, besides verifying the transactions up to 99% compared to the other currently popular cryptocurrencies. Popular cryptocurrencies, such as Bitcoin, are networks built on the blockchain technology, a financial ledger,  formatted Read more about MIT analysts’ brand new cryptocurrency Vault, is faster, more efficient than the other popular cryptos.[…]

Panaesha Capital Pte. Ltd.

How the revolutionary Blockchain Technology Can help Improve Infrastructure and the global economy

High-quality infrastructure is important for economic growth. Local governments and construction companies could use blockchain technology to keep track of materials, permits, and contracts. Blockchain technology, underlying cryptocurrencies, can help improve infrastructure. Continued economic growth means routinely reallocating resources to their highest-valued use as new opportunities arise, and this process is hindered when roads, bridges, Read more about How the revolutionary Blockchain Technology Can help Improve Infrastructure and the global economy[…]

Crypto Market Adds $7 Billion, Bitcoin Breaks Above $4,000 Amidst Widespread Crypto Surge, Ethereum Faces Strong Resistance

The Bitcoin price recently spiked from $3,830 to $4,051 by around five percent. Bitcoin has now broken above its resistance level that was previously set around $3,900. Bitcoin’s upwards move has sent the overall markets surging. The sudden increase in the price of Bitcoin led other major crypto assets to spike in value. Ripple, Bitcoin Read more about Crypto Market Adds $7 Billion, Bitcoin Breaks Above $4,000 Amidst Widespread Crypto Surge, Ethereum Faces Strong Resistance[…]

Panaesha Capital Pte. Ltd.

Start Trading On Panaesha Capital’s PCEX Crypto-Trading Platform at 0.05% Fees

Buying and selling BTC with USD using credit or debit cards is now much simpler with PCEX’s high-caliber crypto-exchange. Built by financial experts, PCEX only charges 0.05% on any trade in the intraday and derivative markets, and 0.5% in the cash or delivery market. What Are PCEX’s Game-Changing Features? Not only does PCEX offer the Read more about Start Trading On Panaesha Capital’s PCEX Crypto-Trading Platform at 0.05% Fees[…]

Foxconn and Sirin Labs partner to Manufacture Blockchain Technology Based Cutting Edge Phones

Foxconn and Sirin Labs partner to Manufacture Blockchain Technology Based Cutting Edge Phones

Phones based on blockchain technology will soon become the latest in a fast-growing list of innovations. In an era where major technology development companies are now trying to outdo each other by developing cutting-edge blockchain technology related systems, Foxconn is seeking to take the ‘blockchain step’ in its sector by developing blockchain technology enabled mobile Read more about Foxconn and Sirin Labs partner to Manufacture Blockchain Technology Based Cutting Edge Phones[…]

Mastercard Is A New Win For Blockchain Technology; The Company Files A Patent to Anonymize Transactions

Mastercard, a leading global payments & technology company, filed a patent for a method of anonymizing transactions on a blockchain technology. The news was confirmed by an application published by the United States Patent and Trademark Office (USPTO) on December 6. The patent application, originally filed on June 5, 2017, has been published by the Read more about Mastercard Is A New Win For Blockchain Technology; The Company Files A Patent to Anonymize Transactions[…]

Taiwan strengthens crypto regulations to stop fraudulent activities

On November 2, Taiwan officially tightened anti-money laundering (AML) policies targeted at crypto exchanges, requesting exchanges to monitor and prevent any illegal transaction processed using digital assets. One of the five branches of the Taiwanese government, Financial Services Commission,  now has authority over crypto exchanges to ban transactions suspected of being tied to fraudulent operations. Read more about Taiwan strengthens crypto regulations to stop fraudulent activities[…]