What does a Non Fungible Token mean?

Non-fungible tokens are the digital representation of unique assets in the decentralized environment.

Difference between a Fungible Token and a Non-Fungible Token?

Fungible tokens can be exchanged with each other since each token holds the same value that does not differ from one another. Non-Fungible tokens cannot be exchanged due to its unique standards and specifications.

What is an NFT in Crypto?

NFT are the unique tokens that represent the digitalization of unique physical assets like arts, sculptures, and other collectibles in the crypto world.

How much does it cost to create an NFT?

The cost to create an NFT depends on the type of assets, platform wealth and its gas fee.

Blockchain Finance Industry | Blockchain in Financial Services

Blockchain in Finance

The global financial economy is close to being transformed, because of the potential of blockchain technology. The worldwide access to the transparent data backed by the foremost secure up so far blockchain platform is that the essence of the oh-so-compelling decentralized system offered by the Nadcab Technology. Our skilled blockchain developers have expertise in risk, strategy, legal compliance, and tax departments including unparalleled competency to develop the simplest strategies for various cases.

We are a 200+ team growing a day, with fully staffed blockchain R&D department, proficient engineers, caring delivery heads, captivating content writers, and sensational marketers. Nadcab Technology takes charge of your financial activities thereby reducing the likelihood of fraud and loss while increasing the general efficiency of your business.

The current problems in Fintech

The turmoil in the financial sector caused by the financial crisis has affected a wide range of areas, including:

Increased competition

Since the services provided by the financial technology businesses are in high demand, companies do not miss a chance to step in the game with their innovative techniques and appealing offerings. Hence why traditional banks find it hard to adapt to the new changes, ultimately causing them to lose profits

Lack of public confidence

Pressure for banks to deliver the best possible outcome is real - as of today, a lot of banks do not manage to meet customer expectations, especially when it comes to the technological side of things

Regulatory pressure

Permanently escalating regulatory requirements present a challenge to the majority of the banks, resulting in them spending a big part of their budget to be compliant

Companies rotating in the industry are made to tackle them while remaining on top of their game. For customers to not have any concerns about the usage of their data and the overall security of their finances, it is crucial to handle the issues in the modern way blockchain technology allows us to.

The scope of the Blockchain for Fintech

The turmoil in the financial sector caused by the financial crisis has affected a wide range of areas, including:

Customer Oriented

The process of opening an account with the data sharing feature via a digital ID is automated with the help of the blockchain technology

International Payments

Digital online payments made across the globe and available 24/7 (twenty four cross seven) are made possible

Open Banking

Setting the structure for consumer protection and security with the constantly rising sharing of data with the help of the blockchain technology.

Investing

Digital investments made on the blockchain platform allow investors to profit via receiving high returns with the help of blockchain technology.

Education Lending

With millions of students worldwide taking education loans it became much more cost and time efficient to use the blockchain platform for lending

Insurance

Re-defining one of the most popular financial industry through innovations like secure claims processing, on-the-spot acquisition and risk-free underwriting

Credit Scoring

By boosting the credit scores through the blockchain-based loans, individuals are given the chance to participate in the financial world

Cybersecurity

Data is securely protected and made immutable, thanks to the nature of the blockchain technology and our developer is well professional in this tech.

Blockchain for Fintech Strategy

Blockchain technology will most definitely transform the financial industry globally. The idea of having everybody involved in the transaction and accessing the data using the same ledger is appealing to a lot of businesses that are willing to automate their activities. At Nadcab Technology, we provide you with the latest solutions designed to meet your blockchain needs - be it the issuance of digital insurance or the development of an open banking system.