The buyer always needs a guarantee that he will get the purchased goods or services. And the seller wants to be sure that the payment will be received on time and in full. So the special type of a secure financial arrangement was created, in which an independent third party acts as a guarantor between two parties from the deal.
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Thursday, November 21, 2019 9:36:00 AM
VTS (Value Transfer System) refers to a network and a mechanism that provides the possibility of exchanging money, cheque, or any other trading tool. The payment is made to the amount equal to the received money to the third party in a different geographical location in VTS. Such systems play a significant role in the financial network of the world.
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Monday, November 18, 2019 2:06:00 PM
With the advent of Bitcoin in the last decade and the development of the Blockchain technology, many studies have been done in applying this technology in order to solve different challenges. As a result of these studies, a number of frameworks have been developed for different purposes.
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Saturday, November 16, 2019 11:57:00 AM
Consensus is a Blockchain-based global event which has found its place among investors, founders, officials and entrepreneurs since 2015, and annually refreshes the participants’ views from various businesses and fields such as education,... read more
Saturday, May 11, 2019 9:13:00 AM
In the upcoming G20 Summit in June, Japan will provide central banks directors and member states its experience in regulating the field of cryptocurrencies. Japan will host the G20 Summit in the city of Osaka. The hosting member state of this summit ... read more
Wednesday, May 1, 2019 2:24:00 PM
With the advent and development of Blockchain technology and a variety of cryptocurrencies in recent years, many experts are engaged in discussion and exchanging opinions about central banks’ launching cryptocurrencies. Recently, Japan’s central... read more
Thursday, February 28, 2019 6:36:00 AM
It is usual in transaction processing to have an intermediary undertaking the responsibility of investigating and authorizing payments. In spite of being a necessary step in proving the appropriateness of financial procedures, it entails taking some ... read more
Tuesday, February 26, 2019 6:22:00 AM
The assets of 115 thousand users of QuadrigaCX platform have become unavailable after the sudden death of its founder in December. Gerald Cotten, the founder of QuadrigaCX, died at the age of 30 due to Crohn’s disease in India. The news of his death ... read more
Sunday, February 24, 2019 1:07:00 PM
The biggest Blockchain summit in the world will be held for the second time in Dubai on April 2, 2019. This summit aims to be a haven for great minds and visionaries in the field of Blockchain technology, from government officials to startups,... read more
Wednesday, February 20, 2019 7:46:00 AM
According to Cointelegraph on January 9, Turkey is going to hold a conference under the name of “Blockchain Economy Istanbul Summit” with the possibility of live watching for more than 10000 people around the world and the presence of many... read more
Tuesday, February 19, 2019 6:42:00 AM