Banks remain wary of blockchain-based electronic payment networks

LUCAS MEARIAN | August 25, 2018

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For all the marketing around B2B electronic payment platforms, many of which are based on blockchain, there are few actual users of the technology – even though it  purports to reduce the time needed to send, clear and settle global payments from days to seconds.The technology enables the representation of digital currency (a "stable coin") backed by traditional fiat money, or the creation of cryptocurrencies (a new asset class) such as bitcoin or Ethereum, Ripple's XRP or Stellar's Lumen, enabling new sources of liquidity. Those digital assets are transmitted across a decentralized network where transactions are recorded on an immutable blockchain ledger.

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Signify Software (Pty) Ltd was founded in 1999 as a software development company specialising in the development and implementation of our Talent Management Solution. Our product, called Signify HR, is a complete Talent Management Solution that includes Human Resource Management, Performance Management and Learning Management (LMS). Signify HR is modular, enabling you to implement the different modules over a period of time as and when required. We serve a wide range of companies, ranging from 50 employees to 50,000 employees. Signify’s offices are located in Centurion, South-Africa.

OTHER ARTICLES

How to Decide Between a Hybrid Cloud and Multicloud Environment

Article | February 26, 2020

Judging from search engine traffic — and from the calls I receive — there’s some confusion out there about hybrid cloud and multicloud. More than once, I’ve heard the story of a technology manager’s boss returning from a conference a year or two ago raving about hybrid cloud, only now to insist that the organization needs to pursue a multicloud strategy. This rapid change in focus, combined with continued confusion over the terms themselves, is enough to make an IT professional’s head spin. In truth, hybrid cloud and multicloud (and even some combination of them) are completely viable models, with various organizations relying on each to achieve significant business benefits. But before IT and business leaders can decide which approach makes the most sense for them, they need to step back and ask themselves what outcomes they are trying to achieve.

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Protecting Healthcare Data and Infrastructure

Article | April 2, 2020

The healthcare industry is increasingly targeted by cybercriminals. As digital transformation accelerates and more providers move their internal systems to the cloud, deploy IoT medical devices and host medical records online, they become even more vulnerable. Over the past four years, nearly 1,500 healthcare companies have been hit with ransomware attacks, and the threat is unlikely to go away. Healthcare data is just too valuable a commodity on the black market for cybercriminals to pass up. In 2019, health organizations continued to get hit with data breaches and ransomware attacks, costing the sector an estimated $4 billion.

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How Splunk Helps Maintain Cloud Infra?

Article | January 21, 2021

With the regular increase of data in both cloud and organizations, a way to tackle these data and extract valuable insights is highly in demand. Although there are multiple tools available in the market not all of them can provide a complete resolution. Developed in 2003, Slunk has become the ideal tool for numerous businesses across the globe. It is a software platform that is popular for searching, monitoring, analyzing, and visualizing data in real-time. Slunk performs operations such as gathering, interpreting, and coordinating data to create alerts, dashboards, and graphs instantaneously. Why Splunk? 1. Business Flexibility It improves the way people around organizations identify, predict, and solve problems simultaneously. It helps in answering questions for every part of the business, be it DevOps, IT, or Business Development. It offers capabilities to detect, visualize and collaborate anytime. 2. Enhance Digitization Splunk assists businesses in ensuring the success of their digitization with its artificial intelligence and machine learning-based solutions. 3. New Opportunities No matter how much data you have gathered, Splunk will help in scaling according to the data volume. It does that with the ecosystem provided by its partners and services. 4. Data-To-Everything It is a platform that enables businesses to detect, monitor, analyze, and work with both structured and unstructured data regardless of their source and timescale. It allows users to ask any question related to insights and take actions accordingly. 5. Fast & Flexible The time to value can be sped up to two days. Companies can deploy in increasing capacity within two days and retrieve their data as long as 90 days. Moreover, the upgrades and updates are handled by the team for them. 6. Maximize Value The subscribers of Splunk do not have to manage infrastructure and they do not even need one. As a service, it offers scarce and valuable resources as required for better performance. 7. Robust Security Splunk is certified and authorized by ISO 27001 and FedRAMP. They proffer dedicated cloud environments with encryption to the customer for robust security as well. Apart from these major advantages, Splunk also grants incredible GUI, reduces troubleshooting time, real-time dashboard visibility, incorporates AI in data strategy, monitors business metrics, powerful visualization, and search. Some of the crucial features of Splunk include development & testing, faster ROI generation, developing real-time data applications, and real-time architecture stats & reports. Be Ready for Splunk-Based Cloud Infra Maintenance At its core, Splunk is an efficient tool for data aggregation that comes with versatile search functionality. Any business can get started with Splunk depending on certain needs they have for data-set monitoring and management. It allows users to take a highly effective data wealth that is pulled from different sources like websites, apps, or IoT. All that is needed to do is getting started with Splunk-based applications for which you can hire developers with relevant knowledge and experience.

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5 Essential Principles for Managing SD-Branch Security

Article | March 5, 2020

Software-defined wide-area networking (SD-WAN) is revolutionizing the way that local branches are managed. As we’ve previously pointed out in our article on 4 things you should know about SD-Branch, it is being used to enable faster cloud adoption and greatly improve centralized control over the systems running in branch offices. Unfortunately, these advantages also come with some downsides. As SD-WAN has developed in SD-Branch, the number of IoT and end-user devices connected to these networks has grown exponentially. This means that the surface attack area of the average SD-Branch setup has increased enormously over the past few years. At the same time, business-critical applications are now sharing more data than ever over broadband internet connections, exposing critical data to interception or disruption.

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Spotlight

Signify Software

Signify Software (Pty) Ltd was founded in 1999 as a software development company specialising in the development and implementation of our Talent Management Solution. Our product, called Signify HR, is a complete Talent Management Solution that includes Human Resource Management, Performance Management and Learning Management (LMS). Signify HR is modular, enabling you to implement the different modules over a period of time as and when required. We serve a wide range of companies, ranging from 50 employees to 50,000 employees. Signify’s offices are located in Centurion, South-Africa.

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