Traditional document verification mostly involves an insecure and time-consuming exchange of physical documents due to the presence of many intermediaries. It is vulnerable to fraud and data loss. On the other hand, blockchain-based document verification is highly...
The use of blockchain technology in several financial applications, including cryptocurrencies and payment systems, is well-known. But can the technology be only used in the banking and financial services industry? The simple answer is no. In fact, the primary goal of...
KYC, account opening, and loan processing in the digital era are still very traditional in many ways as many companies rely on paperwork. This process is time-consuming and inefficient if you want to move into the next era of banking and finance. However, one...
Fraudsters fake documents to gain access to sensitive information, commit financial fraud, or steal one’s identity. They achieve this by leveraging existing loopholes in a document security system. Various documents are forged every day in various countries. Let’s...
Recently six paramedics were arrested in Eastern Cape, South Africa, for alleged academic fraud. The authorities described the arrests as an effort to promote clean and good governance. This shocking revelation of deceit and betrayal of trust was uncovered at the Joe...
Counterfeiting has been around since ancient times, but these days it’s a whole different ballgame. The scope of the problem is bigger than ever, the consequences are more serious, and the crooks have some seriously high-tech tools at their disposal. Counterfeit...
