Hardware Examples for Your Home Computer System

Hardware

Hardware Examples for Your Home Computer System

Computer hardware is one of the most vital elements of any personal computer. Without it, no computer can function. A computer’s hardware consists of the mechanical parts of the machine, including the case, processor, main processing unit, hard drive, motherboard, input devices, memory, video card, hard drive bays, external peripherals, and wireless cards. Up until recently, the expansion of the Internet has not only revolutionized the world of computers, but the industry as a whole, as well.

With the advent of the Internet, the field of computer hardware has changed drastically. Today there are many different types of hardware to choose from. For example, if you’re planning on building a personal computer system, you will need a computer system software CD, if you plan on adding a DVD drive, or a CD ROM device to your machine; you will also need a network cable and an Internet connect from which to access the World Wide Web. Other hardware that is often added to computers include optical drives, sound cards, printers, scanners, USB sticks, and even video game systems. This article will briefly discuss some of the more important pieces of computer hardware that you will need as you build your system.

Hardware that is considered part of the personal computer system is known as peripheral hardware. Peripheral hardware generally refers to any hardware, including printers, scanners, USB drives, audio devices, and cameras, that is designed to enhance the functionality of a personal computer. One type of peripheral hardware that is becoming increasingly popular is wireless printers. In recent years, wireless printers have been developed that can be used in conjunction with an existing network, or networked to a personal computer. These printers make printing from a wireless network easier than ever before.

Some people are just completely mesmerized by physical hardware. They simply don’t understand how computers work unless they actually see one in action. While the interior design of some laptops might impress many people, the truth is that the majority of laptops are plastic and glass, and most physical parts are strictly cosmetic in nature. However, there are some interesting exceptions, such as the drives and motherboards which are actually considering very important computer hardware components. Without these parts, modern laptops would not be possible.

Operating systems and applications are the next major pieces of hardware you will need in your home computer. The operating system is the software that controls how your computer hardware works, as well as interacting with the user’s computer hardware. There are several different operating systems that have emerged on the market in recent years, and each one has their own unique selling point. For example, some operating systems are based on the Unix platform, while others are based on Windows, both of which have their own strengths and weaknesses when it comes to desktop computer use.

When shopping for a new computer system, you should take the time to look at all the different kinds of hardware available on the market. You should compare an array of different models, as well as look at several different brands and configurations. There are many internal and external hardware examples that you can look at and determine which make and model will best suit your needs.

Taking up Various Technologies to Pursue a Career In Technology

Technology is nothing but the total sum of any human ways, skills, processes, and methods utilized in the attainment of specific goals, like scientific discovery, or in the creation of new products or services. Some of the most important technological advances of the last century have been the electrical lighting, television sets, personal computers, and the telephone. With the advent of technology in every sphere of life, there has been an increase in the demand for skilled technicians. There are numerous job opportunities in this field. There are various Technological and Industrial schools and colleges that offer several programs.

Technology

The field of technology has innumerable applications and involves a number of industries and businesses. In present times, technology plays a pivotal role in shaping the future of organizations and its productivity. A student interested in pursuing a career in this field must be aware of all its possibilities and advantages. Various industries and businesses rely highly on technicians who possess the right level of expertise and experience in handling different complicated technologies.

There are various Technological and Industrial programs online that can help individuals choose a career in this industry. People who want to earn a bachelor’s degree in electronics and systems can opt for Bachelors in Electrical Engineering Technology. An individual with a master’s degree can opt for a Bachelors in Industrial Technology. On completion of these degree programmes, graduates are entitled to various managerial and technical positions in various industrial companies. Aspiring students can pursue an entry-level position in a company which focuses on manufacturing and repairing of industrial equipment.

Students studying in these programs are able to take up courses in information technology, computer science, electrical engineering, software engineering, computer information systems, and microelectronic technology. They can also opt for courses in business administration and management, and courses in industrial and multistory logic systems. These courses are designed to prepare students for a rewarding career in science, technology, and business. An associate’s degree holder is able to opt for a variety of jobs such as quality analysis and system design, computer technology fundamentals, software technology, product development, and network administration.

There are numerous colleges and universities that offer the courses required to complete your engineering technology degree. A few well-known universities offering engineering technology degrees are University of California – Riverside, California State University – Sacramento, De La Salle College, Southern New Hampshire University, and ITT Technical Institute. There are many online colleges offering these courses. Online education allows you to study at your own pace. The courses are taught by experienced professors who can guide you through the application of technology.

Graduates of an engineering technology transfer program have an increased chance of securing a good job in their field of choice. This is because employers prefer to hire individuals who have a college degree. This degree shows that you are qualified in more than one area of technology transfer. You may be able to take up internships and placements while in college.

Most Sophisticated Smartphones – Get The Most From Your Smartphone

A smartphone is basically a small mobile device, which combines personal computer and mobile phone functions in one small unit. Smartphones are used for communication, entertainment, Internet surfing, business and other personal purposes. Today, there are hundreds of thousands of applications available for a smartphone. The memory of the smart phone is expandable and it has a large memory to store data, music, videos, pictures and several applications. These high-end smartphones available today can access to the internet on a WiFi network and make use of GPRS. There are various types of screen size and color of a smartphone and a mobile phone user can choose any of them as per their requirement and preference.

Smartphone

There are different kinds of apps available in the marketplace for a smartphone such as games, weather, fitness, music, camera, communication, social networking, and many more such interesting apps for a smartphone. However, the market is flooded with so many applications, it is hard for a user to select the best app. This is where the Smartphone Operating System comes into picture.

The Smartphone Operating Systems provides an easy way to select the app one wants. There are various Smartphone Operating Systems available in the market for a smartphone such as BlackBerry OS, Windows Mobile OS, iPhone OS and Blackberry platform. Smartphones from the BlackBerry are equipped with a memory card, WiFi connectivity and run on a mobile network platform based on the OS. iPhone users have a larger memory space and a touch screen which make the iPhone app variety more interesting.

To operate a smartphone, the user has to download an app from the Google play store or the apple store for free and install the same in the phone. To run a specific app, the user has to download and install the corresponding app. The usage of Google Play or the apple store is free of cost, while the usage of the respective android phones is entirely free. So, now it is easy for android phones lovers to download and install apps for free and use them according to their own convenience.

Smartphones are now becoming the most preferred gadget among the youth. The first smartphone was introduced with the launch of the Smartphone OS and that was the BlackBerry in the beginning. With the improvement of the OS, there was a stiff competition and several handset makers tried their best to beat each other in the race to build better and latest Smartphones. There were various Smartphone operating systems launched but the latest in the market was the Android OS. With the superior user experience and excellent hardware support, the Android platform has grown very fast and now there are millions of android devices in the market.

As more people prefer to have a smartphone with camera, text and internet features, the OS needs to be more robust so that it can provide all these facilities. So, the next time you plan to buy a smartphone, make sure that you look for the most advanced smart phone operating system that suits your requirements. It will surely be a worthwhile investment as it not only makes you more efficient but also saves a lot of your valuable time. If you are planning to buy a smartphone then always consider buying an Android based Smartphone as they are the most efficient.

The Benefits Of Using The Blockchain For Back Office Purposes

When you first hear about the term “blockchain”, you may have no idea what it means. It’s a relatively new term, but many people have heard of it in one form or another. There are two main uses for the term. First, it refers to a certain technology, namely a ledger system. Second, it refers to an internet application that helps facilitate the transfer of information between individuals and businesses on the block chain.

Blockchain

The reason why the word “blockchain” is thrown around a lot is because it can describe a number of different technologies. Blockchains can refer to a ledger system, a database, or a digital ledger. A digital ledger is simply a ledger that works using digital certificates rather than physical paper records. A ledger that works using digital certificates rather than physical paper can be thought of as being on a sort of “blockchain.” The word “blockchain” can also be used to refer to the backbone of the entire network, which is basically a group of computers linked together that are acting as an “internet village,” allowing for real-time transactions to take place.

One of the most useful aspects of the Internet is its ability to facilitate instant, real time transactions. This is primarily due to the presence of the peer-to-peer lending system called the Internet Fidelity Act. This act makes it possible for people to use a secured server, instead of their own computer, to conduct all of their financial transactions. The problem with this system is that if two people want to both purchase the same item, they will both need to use the same secured server. With the help of a Blockchain, these transactions can occur simultaneously and are guaranteed to be secure. This is in contrast to the traditional banking system, which can often lead to financial losses because there is not a way to guarantee the security of any given transaction.

The main feature of the Blockchain is that it uses a distributed ledger called the ledger database. A ledger database is similar to a phone book, where each transaction is listed in order from the earliest transaction to the most recent. The blocks, or transactions, themselves act like pieces of ledgers, with each one linked to the right place in the chain. The ledger database, called the main chain, consists of all of the records that have ever happened on the Blockchain. The other chains are created based on the main chain and include future transactions.

Another great benefit of the Blockchain is the fact that it can be used to manage various different aspects of the supply chains. Supply chains are complex, but it is possible to create a model that can easily adapt to changing market conditions and business requirements. This can allow businesses to change their focus from their core markets to other parts of the world. The Blockchain can also be used to provide better back office functions, such as accounting and inventory.

The final benefit of using the Blockchain for back offices is that it offers the potential to speed up global trade. Through the use of smart contracts and other protocols, it is possible to make and receive payments in real time. This can improve the speed by orders of magnitude for certain business processes, which can lead to more efficient and profitable operations. The possibilities for global trade are nearly endless thanks to the technologies available thanks to the Blockchain. It is possible to find applications for almost every industry, including finance, travel, real estate, and more.

Learn More About HDMI to VGA Adapter

Video Graphics Array is an integrated video display controller and de facto standard, first released with the IBM PS/2 series of personal computers in 1987, that became highly popular in the computer industry over three years later. It combines digital-array processing with dedicated hardware on the motherboard that allows for a flat screen, normal range of display modes and resolutions, and more advanced options including a full range of resolution and colour depth at the highest available setting. This is in addition to the fact that it supports palette management and compression for efficient compression of video bandwidth. In essence, Video Graphics Array is essentially a scaled-up liquid-state electronic display and has become one of the most common and popular methods of delivering a sharp and clear image to a larger number of viewers. It is often used to replace projectors and flat screens in various public areas such as shopping malls and airports.

VGA

VGA is an acronym that stands for Very High Definition Multimedia Interface. A VGA monitor also referred to as a VGA output will connect a computer, through a VGA cable, to a host system which then enables video signals from the computer to be displayed on a monitor. These days, as a high-definition multimedia interface has become a must, VGA monitors are not used much any more except in specialized applications. As a result, modern monitors that still use VGA are called “VGA-D” type monitors. It should be noted that though there are very few dedicated VGA broadcast servers, there are still many VGA compatible cards that are in circulation and are widely used by network users.

VGA has evolved into a very useful form of technology over time. The original function of the VGA was, as we know today, as a connection device between a monitor and a CPU. The VGA also had other roles, such as the connection between two audio sources and between an imaging device and a printer. Apart from these uses, the primary purpose of the VGA was for connecting electronic media such as video games to personal computers. This made it a very important connector since it helped make the evolution of computer and graphics technologies. As years passed by, other methods of interconnecting electronic devices came into being; among these being the DVI and HDMI connectors which provide high resolution video signals without the use of a VGA connector.

As soon as VGA became mature, several manufacturers started making VGA compatible component and motherboard connectors that would be suitable for a wide range of computer peripherals, especially multimedia. The discovery of the need for VGA compatible interfaces gave rise to the development of the 15-pin connector, the most commonly found VGA connector to this date. The 15-pin connector has proven to be useful to a wide range of electronic components. While the VGA cards were mostly used by multimedia professionals and artists, the popularity of the 15-pin connector has extended to everyday computer users. With the advent of modern technology, modern computers utilize VGA for a variety of purposes.

While VGA is still widely used for computer hardware and multimedia devices, there are now alternatives to using VGA. One option is to convert your older PC to use an HDMI or DVI connection instead of VGA. These types of modern video connectors have superior bandwidth and allow you to use your graphics cards on modern TVs and HDTVs without any loss of quality. The DVI connection utilizes a single connection port and is only suitable for older computers, while the HDMI uses two ports and can support HD resolutions. Although the DVI and HDMI connectors are more expensive compared to VGA, they could display sharper images and are much easier to connect than VGA.

The DVI connection is more expensive because it uses more pins. With an HDMI connection, however, all signals carry the same high resolution and signal format which eliminates the need for conversion. If you’re planning to upgrade your PC or replace your existing analog video device, then you’ll need to purchase an HDMI to VGA adapter. Although the process could be costly, the cost of buying a new computer and HDMI to VGA adapter converter could be well worth it in the long run.

The Main Hardware Elements of Computers

Hardware refers to any part of a system that provides the capability for performing operations with a computer. Computer hardware includes all the physical components of a computer, including the case, motherboard, central processing unit, hard drive, input/output devices, printer, computer memory, optical card and video card. Some computer hardware also includes software components, such as an operating system, a desktop, browser, office applications and more. With the introduction of various technologies, new forms of hardware are continually being created and developed.

Hardware

The term “hardware” can also be used in a much narrower context in which only certain types of hardware are considered “hardware” – such as integrated circuits and motherboards. A chip, for example, is a piece of hardware that is made up of generally accepted computer components. A microprocessor on the other hand is a specific type of hardware that executes computer instructions. Motherboards, too, are generally considered to be part of the larger category of “hardware” and play a role in the operation of many computers.

One of the more familiar types of computer hardware is the computer system bus (CSB), which consists of buses and cables that connect the different peripheral components of a PC to the main system bus. The major component of the CSB is the PCI Express card. Other known types of CSB include the AGP bus, PCI bus, MMX bus, SAA bus and the UML bus. The PCI Express card is the most commonly-found form of computer system bus, using sixteen-bit bus widths. Most systems use the AGP bus, which is capable of carrying more than sixteen active connections at a time.

Other hardware components include the boot ROM, debugging devices, preloaders, arming modules, input and output devices, random-access memory (RAM) for the operating system, hard drives for storage purposes, printers, keyboards, mouse and any number of other electronic or physical components. A processor is the software component inside a computer system. There are three types of general-purpose processors: microprocessors, single-core processors and dual-core processors. Each has their own processing power and speed, as well as different ways in which they utilize the available resources such as memory, graphics cards, input/output devices and ports.

Another type of hardware that is found inside computers is the power supply unit (PSU). The PSU is used to dissipate excess heat from the computer motherboard, as well as to provide power to the various components of the computer. Power supplies can be either solid-state or liquid-state, depending on the type of electricity-delivery mechanism employed. The most common PSU is the solid-state variety, as it is cheaper and more efficient than its liquid-state competition.

The final type of hardware that is usually encountered is the optical disk or burner. These are used to burn the data that is stored on the hard drive to an optical disc, which is then read by the CPU. Hard drives have come a long way in terms of technology, but at one point were limited in size and speed. In order to overcome this limitation, manufacturers devised the burn-in drive, which is essentially a miniature hard drive that is placed directly within the computer’s CPU. Because the CPU does not need to concern itself with loading a drive, it can focus all its processing power on processing data that is pertinent to the operating system itself.

Technology in the Twentieth Century

Technology

Technology in the Twentieth Century

Technology is the collective term for a number of human activities and endeavors, including scientific development, cultural change, communication, art, information systems, computer systems, and many other aspects of modern life. Technological progress has brought many developments in the realm of communication and information systems. Examples include telecommunications technologies such as telecommunications equipment and networks, information processing, digital writing, and electronic information systems, desktop and laptop computers, personal digital assistants (PDAs), and other devices that are connected via technology. Technological change occurs through the application of scientific, engineering, and software technology to enhance the performance, efficiency, quality, reliability, security, and usability of particular components of modern life.

Cultural Studies scholars have developed an interpretive category called “techno-cultural landscapes.” According to this category, which can be distinguished from technological landscapes by its focus on individual and group psychological processes and values, technological innovations are subject to cultural meanings and norms. These meanings and norms can vary significantly from culture to culture, even between nations and times, as social norms tend to evolve as human interaction and experience changes. Cultural studies scholars who have examined how different forms of technology influence cultural norms have produced a number of theoretical predictions about how changes in technology might alter social policies and institutions.

One such prediction has come from John Johann Beckwith, chair of the Department of International Relations at the College of Notre Dame. According to this professor, “the increasing concentration of power in transnational organizations raises questions about the nature of democratic government, national identity, and, especially, technological competence.” According to this analysis, in advanced nations there is a tendency toward centralization of power, especially economic and political ones, while in underdeveloped nations technology tends to be decentralized and competitive, resulting in a desire for various forms of innovation. As the globalization process moves forward, argues Mr. Beckwith, “the erosion of trust and openness to international association and the spread of technological competence have negative consequences for democratic societies and markets.” As this trend continues, Mr. Johann believes, “A democratic society will not be able to manage the increased concentration of power and technologies without changing its political system and institutions.”

Another prediction by social science analyst and PhD candidate Henry Spears presents a perspective on how increasing concentrations of technological developments may affect the welfare state. Dr. Spears goes so far as to predict, “As the power of technology increases, the political power of people will decline.” Such a hypothesis flies in the face of assumptions regarding the relationship between technological innovations and social investment, which holds that people have an interest in investing in information technology because it makes them feel good; moreover, technological developments make existing goods and services more available to more people, providing them with more opportunities for social interaction and welfare state intervention.

In World Value Systems, Alfred Schatzberg distinguishes two types of technological change. The first is ‘anarchy’; such technological developments produce wide-ranging and diffuse effects, with little in the way of clear separation of individual units, often referred to as ‘social capital’. The second type of technological change, referred to as ‘captive’, produces little wealth or societal value, with wide ranging and concentrated effects. Schatzberg characterizes these two kinds of technological change as “anarchical and decentralized” on the one hand and “captive and concentric” on the other.

The tendency towards monopoly in industrial arts and sciences has been noted throughout the history of applied science. The tendency towards capture, according to Schatzberg, is more pronounced during the earlier parts of the twentieth century. However, even during the later parts of the twentieth century there was room for innovation and diffusion of technologies. Industrialists saw the need to exploit the new sciences and apply them in new ways. Thus, while the term technology was originally used to designate the new developments in the scientific and technological domain, it has since come to refer to the ways by which previously unmentioned practices become integrated within industry.

What Are Software Development Kitchens and Why Are They So Popular?

Software is a series of instructions that tell a particular computer how to operate. This is compared to physical hardware where the machine actually does the work and is put together by various software developers. The term ‘software’ is now widely used in a lot of contexts, though it was used earlier by people to mean something like an application. Over time, however, the word has become more generic and is applied to a wide range of things. A software engineer may design one single piece of software, whereas a software developer may create many different programs designed to do various different things.

Software

Software engineers then specialize in making programs for a number of different types of companies. They are responsible for writing code that is executed by a particular computer system. Many different types of computer hardware are used nowadays, so it can be complicated to write a program for a specific kind of machine, and so experienced software engineers often need to develop programs for different types of machines. Even the smallest details of a program have to be carefully coded so that they’ll run correctly when the specific computer system on which they’ll be used is installed.

Software development is an interesting field in itself. In this main article we’ll discuss three main areas where software engineers are working these days. The first one of course is video games, and this is an incredibly important and exciting area. Video games are hugely popular, and computer hardware manufacturers have made great progress in the last few years, so it’s not at all difficult to develop games for consoles. However, developing video games can be a very expensive business, so it’s good to look for free software if you want to try your hand at this kind of thing.

The second area in which the software industry is advancing is in the area of programming languages. Programs written in a specific programming language are very valuable to software developers because of their code complexity and their effectiveness. Computer programmers are always looking for ways to make their programs easier to understand and to use, and many of them have been successful in doing just that thanks to the work of those that came before them. One of the main articles that I like to read about this subject is Steve Yaryan’s Programming Language Patterns. This book explains a lot of these patterns, and over the years I’ve seen many people implement some of them into their own projects.

Finally, I’d like to talk a bit about the hardware side of things, and what is happening there. Application software for the computer is getting more complicated each year as hardware is becoming more complex and demanding. Hardware is generally more stable than the applications, but there’s always the risk of something going wrong at some point, which has led to a huge amount of research being done into the problems that software engineers face when trying to write a program for a specific piece of hardware.

As you can see, there is a lot going on in the world of software and hardware engineering. I hope I’ve been able to give you some food for thought. Software is still very much a part of our lives, and it’s almost impossible to think of the world without it. In fact, computers and their hardware are usually used on a daily basis. So please be thinking here.

All About Smartphones

Smartphone

All About Smartphones

A smartphone is essentially a portable personal electronic device which combines personal computer and mobile phone functions into a single unit. Smartphones are ideal for use in the place of a personal computer, because they can function as both a communication device and a computer in their own right. Smartphones such as the iPhone 3GS, Blackberry Storm, HTC Desire HD and Sony Ericsson XPERIA Arc are all examples of excellent examples of smartphone devices. Their popularity has been on the rise in recent months and years and the number of people now using them is growing fast.

Smartphones are very similar to computers in terms of operating systems. The two types of systems are the iOS and Android, which differ in the way they operate. Both smartphones operate on different operating systems, hence the need to use different smartphones OSes. There is a wide range of smartphones OSes, such as, iPhone OS, Android OS, BlackBerry OS, Windows Mobile OS, Symbian OS, Windows OS and lots more. It is also possible to install your own applications or use the thousands of ready-made apps available on the internet.

Although it was initially developed as a phone for business professionals, modern smartphones have changed drastically. They are suitable for all users and provide a very good communication device. In fact, blackberry storm, one of the most successful smartphones in the world today, is known for its user-friendly features and powerful features. Android, which is the most popular smartphone operating system, provides a range of innovative features such as, music player, messaging service, email client, games, internet access and many more. The high-end feature-set of these smartphones is very impressive, which makes modern smartphones stand apart from other cell phones.

The two operating systems Android and iPhone provide the same features, which make the user experience of a smartphone identical to that of a cell phone. However, there are differences between the two. The biggest difference lies in the user interface and the storage capacity of the smartphone. Users prefer to have larger storage capacity in their smartphones, which is evident with the massive popularity of smartphones such as Blackberry Storm, HTC Evo Shift and Motorola RAZR and HTC Sense.

Not all smartphones support high-speed Internet access. This means that, if you want to enjoy downloading apps, you will have to go for a slower network, such as dial up. If you are looking for an inexpensive way of buying a smartphone, check out the online, mobile phone stores. Online shopping is a safe and convenient way of purchasing a new gadget. You can compare the prices of different models and select a handset of your choice.

Many people nowadays are also using smartphones that run on windows operating systems. For some time, Apple’s iPhone was the only phone that ran on windows operating systems. However, a recent update to the Windows mobile operating system has introduced a lot of exciting features such as, Push technology, Live Tile and much more. In fact, more people are switching over to Windows mobiles and are enjoying its many advantages. The good news for business minded people is that, the growth of the smartphone market is expected to continue and it has already surpassed the sales of desktops and other similar devices in the last two years.

Uses Of The Blockchain

If you are interested in learning more about this relatively new technology that is the underlying technology behind blockchains, then you might be interested in reading about Blockchains, the Virtual Private Database, and the Internet of Things. A virtual private database is the main term used for this technology. The technology was initially developed in the late 2021’s by researchers at Stanford, though its applications have been around much longer. The main goal was to create a way to make the entire world online and accessible to everyone, which is why it was originally called the Internet of Everything.

Now that the basics of the concept of the decentralized ledger have been explained, it will help to learn more about how it works. There are two basic ways to utilize the technology: the first involves the use of a protocol to enable secure transactions between any number of independent computers; and the second involves the use of a Distributed Ledger System, or DLS, to enable secure, centralization of transactions in a certain area of the network. In general, the most popular uses of the system are the first, as the DLS allows real-time tracking of all transactions and the transfer of money. However, there are other uses for the blockchain technology, including identity verification, gaming applications, e-commerce systems, and more.

The central problem with using the distributed ledger is that it is vulnerable to attack. For instance, a hacker could attack the ledger in order to alter the transfer of funds or the ledger itself. A central database is susceptible to attack because if one part of the system is attacked, the entire system is at risk. This makes the Monaco Protocol, which is a solution to some of these attacks, very useful.

The second use of theblockchain is to connect the ledger to the rest of the system. By using the decentralized ledger, users are able to send their transactions to any part of the system without fear of their transactions being intercepted. Also, by decentralizing the ledger, users are able to make changes to the ledger themselves without having to rely on any third-party entities. These changes, however, cannot be undone. Thus, the Monaco Protocol was created in order to provide a solution for such problems.

The third use of theblockchain is to add transaction malleability into the system. Basically, this is done by changing the existing hash function in theblockchain to be more malleable, so that attackers cannot easily change the meaning of the transaction before it is listed in the ledger. By making the hash function flexible, this enables people to put more trust into theblockchain and makes it resistant against several common attacks on theblockchain.

Because of its many possible applications, theblockchain is fast becoming an important technology. Financial institutions around the world are starting to use theblockchain to monitor their transactions and the value transfers happening in and out of their countries. In general, theblockchain is seen as being beneficial to everyone because it strengthens the security of the existing financial system. Apart from this, theblockchain is also believed to reduce the cost of doing business because it decentralizes the handling of transactions and therefore, reduces the centralization of costs and hence protects both lenders and borrowers.