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Why Is the Blockchain Technology Important?
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Let’s say that a new technology is developed that could allow many parties to transact a real estate deal. The parties get together and complete the details about timing, special circumstances and financing. How will these parties know they can trust each other? They would have to verify their agreement with third parties – banks, legal teams, government registration and so on. This brings them back to square one in terms of using the technology to save costs.
In the next stage, the third parties are now invited to join the real estate deal and provide their input while the transaction is being created in real time. This reduces the role of the middleman significantly. If the deal is this transparent, the middleman can even be eliminated in some cases. The lawyers are there to prevent miscommunication and lawsuits. If the terms are disclosed upfront, these risks are greatly reduced. If the financing arrangements are secured upfront, it will be known in advance that the deal will be paid for and the parties will honour their payments. This brings us to the last stage of the example.
If the terms of the deal and the arrangements have been completed, how will the deal be paid for? The unit of measure would be a currency issued by a central bank, which means dealing with the banks once again. Should this happen, the banks would not allow these deals to be completed without some sort of due diligence on their end and this would imply costs and delays. Is the technology that useful in creating efficiency up to this point? It is not likely.
What is the solution?
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<a href="https://www.mytectra.com/interview-question/human-resourse-hr-interview-questions/">Human Resource (HR) Interview Questions</a> <a href="https://www.mytectra.com/interview-question/selenium-interview-questions-and-answers/">Selenium Interview Questions and Answers</a> <a href="https://www.mytectra.com/interview-question/javascript-interview-questions/">Javascript Interview Questions</a>
Human Resources is also the organizational function that deals with the people and issues related to people such as compensation, hiring, performance management, and training. <a href="https://www.mytectra.com/interview-question/human-resourse-hr-interview-questions/">Human Resource (HR) Interview Questions</a>
Top 25 Python Interview Questions Prepared by Experts
1. What is JSON? How would convert JSON data into Python data? JSON – stands for JavaScript Object Notation. It is a popular data format for storing data in NoSQL databases. Generally JSON is built on 2 structures. A collection of <name, value> pairs. An ordered list of values. As Python supports JSON parsers, JSON-based data is actually represented as a dictionary in Python. You can convert json data into python using load() of json module. 2. How are the functions help() and dir() different? These are the two functions that are accessible from the Python Interpreter. These two functions are used for viewing a consolidated dump of built-in functions. help() – it will display the documentation string. It is used to see the help related to modules, keywords, attributes, etc. To view the help related to string datatype, just execute a statement help(str) – it will display the documentation for ‘str, module. ◦ Eg: ...
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