The past two years have sure made everyone rethink and reimagine the way businesses must run. These years have been marked by resilience and reinvention. And, for many digital and digitally enabled startups, it’s been a year of remarkable growth. Almost all startups restructured their companies and significantly reduced costs. Many had to explore new distribution channels or new customer segments. Omnichannel consumer brands shifted completely online.
Five worthy reads is a regular column on five noteworthy items we have discovered while researching trending and timeless topics. This week, we explore decentralized identity, aka self-sovereign identity.
Remember your first day on the job? You might groan just thinking about it, or maybe you are filled with the optimistic nostalgia of all the great things you set out to accomplish. It’s all a matter of your current perspective. One of the greatest apprehensions about that first day is meeting all of your new colleagues. Someone probably gave you a tour of the office, introducing you to all the new faces, as you wondered how you will remember all the names.
Cryptocurrency space is maturing, India’s appetite for cryptocurrency is evident, as the country facilitates the highest recipient of remittances globally — more than $83 billion since 2018 every year. With the support of cryptocurrencies, the remittance market is anticipated to soar in India, with cheaper, more efficient methods of sending money.
India ranks as one of the top two countries in the world in terms of digital adoption as per a McKinsey report. Over the last few years, initiatives such as Aadhaar, the national biometric digital identity program, have included over a billion Indians. India has also pioneered the United Payments Interface (UPI), a singular platform available as a mobile app that allows instant and cost-effective money transfer across people and businesses.
“Never let a crisis go to waste.” It’s an expression that we’ve all heard a lot over the course of the last year. It is a reminder by Winston Churchill that in bad times that big problems often beget opportunities to do things differently — and better — next time around. No other industry as much as crypto has lived up to this quote.
With our continuous pursuit to help businesses reduce the blind spots in business metrics, we have come up with yet another feature that will prove to be the richest source of financial data, i.e SMS TxN Extractor. SMS was believed to be a dead market until people began to understand the reliability. Apart from the concept of reliability of SMS messaging, texts are quick, cost-effective and results can very quickly be analyzed.
