The Benefits of Using Smart Contracts in Your Business WHAT ARE SMART CONTRACTS? Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. The code and the agreements contained therein exist within a decentralized, secure network, usually on…

A Comparison Between Centralized Finance and Decentralized Finance What is Centralized Finance (CeFi)? CeFi is the term used to describe the traditional banking and financial systems controlled by a single authority such as a bank or government agency. In centralized finance, money is held by banks and third parties who…

THE VALUE PROPOSITION OF GATO CHAIN Blockchain was introduced in the previous article as a distributed ledger technology (DLT) for preserving records, making it extremely difficult to fake or hack the system and the data stored in it. Unlike the traditional method of data storage, blockchain gives several benefits to those who take advantage of it…

BLOCKCHAIN FOR PRIVATE AND PUBLIC ENTITIES Blockchain has become increasingly popular since the introduction of cryptocurrencies like Bitcoin and Ethereum into the financial system. Until then, the use of blockchain has remained more theoretical than practical. In recent times, however, since its effectiveness has been proven by individuals and organizations…