Union Finance Minister Nirmala Sitaraman in her budget speech announced proposals which effectively mean that there is no income tax payable for normal salaried income up to Rs 12 lakhs per annum.She...

'No Income Tax Payable For Income Upto Rs 12 Lakhs' : Finance Minister Announces New Tax Rates In Union Budget 2025

Payable

payable

Blockchain is described as "unhackable" and "future-proof," but how is it that it's so secure? Let's break the magic of blockchain into plain language — with actual code examples — to give you a sense of what's happening under the hood. Prefer watching instead of reading? Here’s a quick video guide Prefer watching instead of reading? Here’s a quick video guide Prefer watching instead of reading? Here’s a quick video guide Prefer watching instead of reading? Here’s a quick video guide https://youtu.be/7V_gJAKMxXA?embedable=true https://youtu.be/7V_gJAKMxXA?embedable=true What Is a Blockchain? A blockchain is a distributed digital ledger that stores transactions in a manner that makes them tamper-evident and irreversible. Let's make a highly simplified version of a blockchain in Python to see how it works. import hashlib
import time

class Block:
    def __init__(self, index, data, previous_hash):
        self.timestamp = time.time()
        self.index = index
        self.data = data
        self.previous_hash = previous_hash
        self.hash = self.calculate_hash()
    
    def calculate_hash(self):
        block_string = f"{self.index}{self.timestamp}{self.data}{self.previous_hash}"
        return hashlib.sha256(block_string.encode()).hexdigest()

class Blockchain:
    def __init__(self):
        self.chain = [self.create_genesis_block()]
    
    def create_genesis_block(self):
        return Block(0, "Genesis Block", "0")
    
    def add_block(self, data):
        prev_block = self.chain[-1]
        new_block = Block(len(self.chain), data, prev_block.hash)
        self.chain.append(new_block)

# Create blockchain and add data
my_chain = Blockchain()
my_chain.add_block("Alice pays Bob 5 BTC")
my_chain.add_block("Bob pays Charlie 3 BTC")

# Print blockchain
for block in my_chain.chain:
    print(vars(block)) import hashlib
import time

class Block:
    def __init__(self, index, data, previous_hash):
        self.timestamp = time.time()
        self.index = index
        self.data = data
        self.previous_hash = previous_hash
        self.hash = self.calculate_hash()
    
    def calculate_hash(self):
        block_string = f"{self.index}{self.timestamp}{self.data}{self.previous_hash}"
        return hashlib.sha256(block_string.encode()).hexdigest()

class Blockchain:
    def __init__(self):
        self.chain = [self.create_genesis_block()]
    
    def create_genesis_block(self):
        return Block(0, "Genesis Block", "0")
    
    def add_block(self, data):
        prev_block = self.chain[-1]
        new_block = Block(len(self.chain), data, prev_block.hash)
        self.chain.append(new_block)

# Create blockchain and add data
my_chain = Blockchain()
my_chain.add_block("Alice pays Bob 5 BTC")
my_chain.add_block("Bob pays Charlie 3 BTC")

# Print blockchain
for block in my_chain.chain:
    print(vars(block)) Why Is Blockchain Secure? Immutability via Hashing: Every block has a cryptographic hash that identifies its data uniquely.
import hashlib data = "Some transaction" hash_val = hashlib.sha256(data.encode()).hexdigest() print(hash_val) Immutability via Hashing: Every block has a cryptographic hash that identifies its data uniquely.
import hashlib data = "Some transaction" hash_val = hashlib.sha256(data.encode()).hexdigest() print(hash_val) Immutability via Hashing: Every block has a cryptographic hash that identifies its data uniquely. Immutability via Hashing import hashlib data = "Some transaction" hash_val = hashlib.sha256(data.encode()).hexdigest() print(hash_val) When the data is altered even minutely, the hash value alters significantly — this makes tampering obvious. Chaining Blocks: Each block saves the hash of the last one. When a person attempts to alter one block, all the subsequent blocks are invalidated. Chaining Blocks: Each block saves the hash of the last one. When a person attempts to alter one block, all the subsequent blocks are invalidated. Chaining Blocks What Is a Consensus Mechanism? Networks employ consensus algorithms to reach a consensus on what is added to the blockchain. Let's mimic Proof of Work, similar to Bitcoin. class POWBlock(Block):
    def mine_block(self, difficulty):
        prefix = '0' * difficulty
        while not self.hash.startswith(prefix):
            self.timestamp = time.time()
            self.hash = self.calculate_hash()

# Example usage
difficulty = 4
block = POWBlock(1, "Mining Example", "0")
block.mine_block(difficulty)
print(f"Mined hash: {block.hash}") class POWBlock(Block):
    def mine_block(self, difficulty):
        prefix = '0' * difficulty
        while not self.hash.startswith(prefix):
            self.timestamp = time.time()
            self.hash = self.calculate_hash()

# Example usage
difficulty = 4
block = POWBlock(1, "Mining Example", "0")
block.mine_block(difficulty)
print(f"Mined hash: {block.hash}") This mimics mining by compelling the hash to begin with a particular number of zeros — computational work is needed, which makes the network secure. Typical Blockchain Security Risks (With Examples) Smart Contract Weaknesses: Smart contracts are computer code that executes automatically on blockchain platforms such as Ethereum. A straightforward buggy contract would appear as follows:
// Vulnerable Solidity Smart Contract pragma solidity ^0.8.0;

contract SimpleBank { mapping(address => uint) public balances;

function deposit() public payable {
    balances[msg.sender] += msg.value;
}

function withdraw() public {
    uint amount = balances[msg.sender];
    payable(msg.sender).transfer(amount);
    balances[msg.sender] = 0;  // Should come before transfer
}

}



Phishing Attacks: No code to display — just never share your private key or seed phrase, even if someone is trying to act like they're from MetaMask or a support group. Smart Contract Weaknesses: Smart contracts are computer code that executes automatically on blockchain platforms such as Ethereum. A straightforward buggy contract would appear as follows:
// Vulnerable Solidity Smart Contract pragma solidity ^0.8.0;

contract SimpleBank { mapping(address => uint) public balances;

function deposit() public payable {
    balances[msg.sender] += msg.value;
}

function withdraw() public {
    uint amount = balances[msg.sender];
    payable(msg.sender).transfer(amount);
    balances[msg.sender] = 0;  // Should come before transfer
}

} Smart Contract Weaknesses: Smart contracts are computer code that executes automatically on blockchain platforms such as Ethereum. A straightforward buggy contract would appear as follows: Smart Contract Weaknesses // Vulnerable Solidity Smart Contract pragma solidity ^0.8.0;

contract SimpleBank { mapping(address => uint) public balances;

function deposit() public payable {
    balances[msg.sender] += msg.value;
}

function withdraw() public {
    uint amount = balances[msg.sender];
    payable(msg.sender).transfer(amount);
    balances[msg.sender] = 0;  // Should come before transfer
}

} // Vulnerable Solidity Smart Contract pragma solidity ^0.8.0;

contract SimpleBank { mapping(address => uint) public balances;

function deposit() public payable {
    balances[msg.sender] += msg.value;
}

function withdraw() public {
    uint amount = balances[msg.sender];
    payable(msg.sender).transfer(amount);
    balances[msg.sender] = 0;  // Should come before transfer
}

} Phishing Attacks: No code to display — just never share your private key or seed phrase, even if someone is trying to act like they're from MetaMask or a support group. Phishing Attacks: No code to display — just never share your private key or seed phrase, even if someone is trying to act like they're from MetaMask or a support group. Phishing Attacks Identification of Tampering in Blockchain def is_chain_valid(chain):
    for i in range(1, len(chain)):
        current = chain[i]
        previous = chain[i-1]
        
        if current.hash != current.calculate_hash():
            return False
        if current.previous_hash != previous.hash:
            return False
    return True

print("Is blockchain valid?", is_chain_valid(my_chain.chain))

# Try tampering
my_chain.chain[1].data = "Alice pays Eve 100 BTC"
print("Is blockchain valid after tampering?", is_chain_valid(my_chain.chain)) def is_chain_valid(chain):
    for i in range(1, len(chain)):
        current = chain[i]
        previous = chain[i-1]
        
        if current.hash != current.calculate_hash():
            return False
        if current.previous_hash != previous.hash:
            return False
    return True

print("Is blockchain valid?", is_chain_valid(my_chain.chain))

# Try tampering
my_chain.chain[1].data = "Alice pays Eve 100 BTC"
print("Is blockchain valid after tampering?", is_chain_valid(my_chain.chain)) Security Tips for Blockchain Users Use Hardware Wallets: Keeps your private keys offline.
Enable 2FA on Exchanges: Adds a second layer of protection.
Avoid Suspicious Links: Bookmark official DApps and wallets.
Double-check Smart Contracts: Before using DeFi platforms. Use Hardware Wallets: Keeps your private keys offline. Enable 2FA on Exchanges: Adds a second layer of protection. Avoid Suspicious Links: Bookmark official DApps and wallets. Double-check Smart Contracts: Before using DeFi platforms. How Real Projects Improve Security Code Audits: Professional firms analyze smart contracts.
Bug Bounties: Ethical hackers disclose vulnerabilities.
Multi-sig Wallets: Need multiple signatures for fund transfer.
Security Libraries: Employ tried and tested cryptographic libraries and tools. Code Audits: Professional firms analyze smart contracts. Bug Bounties: Ethical hackers disclose vulnerabilities. Multi-sig Wallets: Need multiple signatures for fund transfer. Security Libraries: Employ tried and tested cryptographic libraries and tools. Following is an example of a multi-signature wallet logic in pseudocode: class MultiSigWallet:
    def __init__(self, owners, required_signatures):
        self.owners = set(owners)
        self.required = required_signatures
        self.transactions = []

    def submit_transaction(self, tx, signatures):
        if len(set(signatures) & self.owners) >= self.required:
            self.transactions.append(tx)
            print("Transaction approved and recorded.")
        else:
            print("Not enough valid signatures.") class MultiSigWallet:
    def __init__(self, owners, required_signatures):
        self.owners = set(owners)
        self.required = required_signatures
        self.transactions = []

    def submit_transaction(self, tx, signatures):
        if len(set(signatures) & self.owners) >= self.required:
            self.transactions.append(tx)
            print("Transaction approved and recorded.")
        else:
            print("Not enough valid signatures.") Conclusion: Is Blockchain Unhackable? No. But it's among the most secure tech out there — when used and done right. The greatest threats tend to be outside the blockchain itself, including: Defective smart contract reasoning


User error


Insecure wallets


Weak governance Defective smart contract reasoning Defective smart contract reasoning User error User error Insecure wallets Insecure wallets Weak governance Weak governance Blockchain foundations (decentralization + cryptography) are sound. Your job is to remain attentive, learn about risks, and use reputable tools. Summary Hashing: Creates a unique digital fingerprint for every block
Chaining: Connects blocks with the help of the preceding hash
Proof of Work: Demands computational power to authenticate blocks
Smart Contracts: Automated programs that require auditing
Tampering Detection: Change detection through hash confirmation
User Safety: Secure wallets, phishing protection, 2FA Hashing: Creates a unique digital fingerprint for every block Chaining: Connects blocks with the help of the preceding hash Proof of Work: Demands computational power to authenticate blocks Smart Contracts: Automated programs that require auditing Tampering Detection: Change detection through hash confirmation User Safety: Secure wallets, phishing protection, 2FA Want to Learn More? Try coding a mini blockchain in Python.
Master Solidity and deploy contracts to testnets.
Track security-oriented blockchain platforms (such as Trail of Bits, OpenZeppelin).
Participate in bug bounty platforms (such as Immunefi) to help make blockchain more secure. Try coding a mini blockchain in Python. Master Solidity and deploy contracts to testnets. Track security-oriented blockchain platforms (such as Trail of Bits, OpenZeppelin). Participate in bug bounty platforms (such as Immunefi) to help make blockchain more secure.

Cracking the Code on Blockchain Security: A Plain-English Primer

Processes for financial accounting and controlling become more complex and intricate each year. Long gone are the days of paper filing and manual paperwork, mainframe computing, and early ERP systems. Even today’s fully cloud-based ERP systems are barely sufficient to handle the needs of evolving business practices, competitive global markets, and new AI and blockchain technologies. That’s why experienced SAP FICO Architects like Parveen Singh Hoshiar Singh are now helping businesses move from legacy systems to SAP FICO to achieve new levels of efficiency in their financial processes. The Challenge of Integration SAP finance module integration is certainly not as simple as flipping a switch. With over twenty years of experience in SAP FICO, Parveen Singh has found that most major bottlenecks occur in general ledger reconciliations and data conversion, a topic he has written about extensively, including in this article. In two decades of helping companies automate their financial accounting and controlling processes, Singh has found that companies frequently see a high rate of financial reconciliation errors before migrating their data into an integrated SAP FICO system. This is especially the case for businesses still relying on a functional yet inefficient hodgepodge of obsolete manual systems and various software applications that do not communicate with each other. In one such case, Singh found that before data migration, 15% of the company’s total financial transactions contained reconciliation errors. Shockingly, different balances appeared in three places in the company’s records: the general ledger, accounts payable, and accounts receivable. “Most of these errors required considerable time to detect and rectify,” Singh notes, “while they undermined the credibility of the financial reports produced by the legacy system.” How FICO Bottlenecks Cost Companies These inefficiencies meant that financial reports were not always delivered on time, and personnel hours were wasted adjusting the numbers for month-end close. Besides the cost of personnel hours and the delays in reporting, the high error rate meant that executives could not always be confident in the accuracy of their financial data. This led senior management to question whether they could make informed decisions. In a competitive and rapidly changing market, this lack of confidence can be a critical weakness. One additional hidden cost of an unintegrated system is the IT expenditure required to keep outdated legacy systems running. A company cannot afford to let a system that houses crucial financials crash, but each year, the cost of maintaining the system grows. In one case, Singh found that a full quarter of the firm’s IT budget was allocated to maintaining legacy systems. In situations like this, the cost of outdated systems reduces the company’s ability to invest in technology infrastructure and future growth. How SAP FICO Makes a Difference Moving to an automated FICO solution solves these bottlenecks in several ways. First, it streamlines financial operations—especially accounts payable, accounts receivable, payroll, and financial reporting—so that a business can automate its invoicing, payments, and reconciliations. This reduces the cost of both time and human error. Second, the business realizes cost savings through the reduction of the number of tasks required and the amount of separate paperwork and approvals needed. Third, real-time preparation of more accurate reports provides the executive team with the business intelligence needed to act. This allows the company to manage cash flows, evaluate profitability, and optimize how it allocates its resources. It also allows for more strategic planning and forecasting. Fourth, sharing data seamlessly across departments makes meaningful collaboration both more possible and more likely. Fifth, an automated FICO solution improves compliance. Sixth, it supports seamless global operations, automating currency exchange, tax reporting in varied jurisdictions, and consolidation of financial statements from geographically dispersed subsidiary firms. The Need for Expertise Such situations leave companies in a catch-22. They increasingly need to upgrade their systems and move to an automated FICO solution, but they don’t necessarily know how to manage that integration and data migration effectively. Selecting the right architect can be crucial. Ideally, a company needs an SAP FICO or similar professional with extensive experience in general ledger reconciliation and resolving data conversion bottlenecks. Parveen Singh Hoshiar Singh, with experience in finance, treasury, and FP&A, has managed many such integrations over the years and has established himself as a leader in SAP finance automation. Processes for financial accounting and controlling become more complex and intricate each year. Long gone are the days of paper filing and manual paperwork, mainframe computing, and early ERP systems. Even today’s fully cloud-based ERP systems are barely sufficient to handle the needs of evolving business practices, competitive global markets, and new AI and blockchain technologies. That’s why experienced SAP FICO Architects like Parveen Singh Hoshiar Singh are now helping businesses move from legacy systems to SAP FICO to achieve new levels of efficiency in their financial processes. Parveen Singh Hoshiar Singh Parveen Singh Hoshiar Singh The Challenge of Integration SAP finance module integration is certainly not as simple as flipping a switch. With over twenty years of experience in SAP FICO, Parveen Singh has found that most major bottlenecks occur in general ledger reconciliations and data conversion, a topic he has written about extensively, including in this article . this article this article In two decades of helping companies automate their financial accounting and controlling processes, Singh has found that companies frequently see a high rate of financial reconciliation errors before migrating their data into an integrated SAP FICO system. This is especially the case for businesses still relying on a functional yet inefficient hodgepodge of obsolete manual systems and various software applications that do not communicate with each other. In one such case, Singh found that before data migration, 15% of the company’s total financial transactions contained reconciliation errors. Shockingly, different balances appeared in three places in the company’s records: the general ledger, accounts payable, and accounts receivable. “Most of these errors required considerable time to detect and rectify,” Singh notes, “while they undermined the credibility of the financial reports produced by the legacy system.” How FICO Bottlenecks Cost Companies How FICO Bottlenecks Cost Companies These inefficiencies meant that financial reports were not always delivered on time, and personnel hours were wasted adjusting the numbers for month-end close. Besides the cost of personnel hours and the delays in reporting, the high error rate meant that executives could not always be confident in the accuracy of their financial data. This led senior management to question whether they could make informed decisions. In a competitive and rapidly changing market, this lack of confidence can be a critical weakness. One additional hidden cost of an unintegrated system is the IT expenditure required to keep outdated legacy systems running. A company cannot afford to let a system that houses crucial financials crash, but each year, the cost of maintaining the system grows. In one case, Singh found that a full quarter of the firm’s IT budget was allocated to maintaining legacy systems. In situations like this, the cost of outdated systems reduces the company’s ability to invest in technology infrastructure and future growth. How SAP FICO Makes a Difference Moving to an automated FICO solution solves these bottlenecks in several ways. First, it streamlines financial operations—especially accounts payable, accounts receivable, payroll, and financial reporting—so that a business can automate its invoicing, payments, and reconciliations. This reduces the cost of both time and human error. Second, the business realizes cost savings through the reduction of the number of tasks required and the amount of separate paperwork and approvals needed. Third, real-time preparation of more accurate reports provides the executive team with the business intelligence needed to act. This allows the company to manage cash flows, evaluate profitability, and optimize how it allocates its resources. It also allows for more strategic planning and forecasting. Fourth, sharing data seamlessly across departments makes meaningful collaboration both more possible and more likely. Fifth, an automated FICO solution improves compliance. Sixth, it supports seamless global operations, automating currency exchange, tax reporting in varied jurisdictions, and consolidation of financial statements from geographically dispersed subsidiary firms. The Need for Expertise Such situations leave companies in a catch-22. They increasingly need to upgrade their systems and move to an automated FICO solution, but they don’t necessarily know how to manage that integration and data migration effectively. need how Selecting the right architect can be crucial. Ideally, a company needs an SAP FICO or similar professional with extensive experience in general ledger reconciliation and resolving data conversion bottlenecks. Parveen Singh Hoshiar Singh, with experience in finance, treasury, and FP&A, has managed many such integrations over the years and has established himself as a leader in SAP finance automation.

From Legacy to SAP FICO: Parveen Singh Hoshiar Singh’s Process Automation

من التراث إلى SAP FICO: اتصالات Parveen Singh Hoshiar Singh

Od nasljeđa do SAP FICO-a: Parveen Singh Hoshiar Singhova automatizacija procesa

De Legacy a SAP FICO: la automatización de procesos de Parveen Singh Hoshiar Singh

Perinnöstä SAP FICO: Parveen Singh Hoshiar Singhin prosessien automatisointiin

SAP FICO:Parveen Singh Hoshiar Singhのプロセス自動化

Од наследство до SAP FICO: Автоматизација на процеси на Parveen Singh Hoshiar Singh

SINDHULI SAUGAT ARTICLES INTERNATIONAL NEWS UPDATE सोनियाको दिल्ली दरबारमा छोराले बास पाउँदैनन् ?

От наследия до SAP FICO: автоматизация процессов Parveen Singh Hoshiar Singh

Od dedičstva k SAP FICO: Automatizácia procesov od spoločnosti Parveen Singh Hoshiar Singh

Qalabka Qalabka Qalabka Qalabka Qalabka Qalabka Qalabka Qalabka Qalabka Qalabka Qalabka

Ukusuka kwi-Legacy ukuya kwi-SAP FICO: I-Process Automation ye-Parveen Singh Hoshiar Singh

In an era where digital transformation is rapidly reshaping financial operations for businesses of all sizes, the remarkable success of Bill.com's Accountant Platform stands as a testament to exceptional software engineering and technical leadership. Under the significant contributions of Senior Software Engineer Harish Bonikela, this ambitious cloud platform for Accounts Payable and Accounts Receivable has set new benchmarks for user experience, system stability, and revenue generation in the competitive fintech sector. The transformative platform, serving over 8,000 accounting firms including 85 of the top 100 U.S. accounting firms, emerged as a significant innovation in financial technology implementation. With responsibility for developing critical components that support more than 100,000 clients and process over 10,000 transactions daily, Harish Bonikela faced the complex task of creating robust, scalable solutions while maintaining exceptional performance standards and achieving ambitious business targets in an increasingly competitive market landscape. At the heart of this success story was a methodical approach to software engineering and system architecture. As a key contributor to the platform's development, Harish Bonikela implemented innovative technical solutions that not only met but substantially exceeded business objectives. The accountant signup flows he created generated core revenue of $1.1 billion for fiscal year 2024, marking an impressive 19% increase from the previous year – a remarkable achievement in an industry driven by user adoption and technical reliability. This significant financial impact demonstrates the critical importance of well-designed user onboarding experiences in driving business growth and market penetration. The impact of his engineering expertise extended far beyond revenue metrics. Through the development of a micro-front codebase for the fintech platform, the system achieved a 20% increase in annual revenue by enhancing user experience and system stability. The sophisticated front-end architecture ensured seamless interactions for thousands of accounting professionals while maintaining consistent performance under high transaction volumes. Perhaps most notably, his engineering of a scalable micro-services architecture for the high-traffic SaaS platform improved system resilience by 20% while reducing latency by 30% – critical performance indicators in financial technology where transaction speed and system reliability directly impact client satisfaction and operational efficiency. Feature development played a crucial role in the platform's success. Harish's implementation of key functionalities including Accountant Signup, Bulk Onboarding of Clients, User Management, Role Management, and Cross-sell of Divvy products left such a strong impression that the platform now serves approximately 461,000 customers across Bill.com's various financial solutions – a testament to the high standards of execution and technical excellence maintained throughout the development lifecycle. Each feature was meticulously designed to address specific pain points in financial workflows, creating intuitive solutions for complex accounting processes. The technological foundation established by Harish and his colleagues has supported Bill.com's impressive market expansion, now serving 201,000 standalone BILL customers, 29,200 businesses using Divvy for spend and expense management, and 230,800 subscribers utilizing Invoice2go. This comprehensive ecosystem of financial tools demonstrates the scalability and versatility of the architecture implemented under Harish's technical guidance. For Harish Bonikela personally, the project represented a significant career milestone, showcasing his ability to deliver critical features while contributing to substantial business growth. His technical decisions consistently aligned with both immediate business needs and long-term strategic objectives, demonstrating a rare combination of engineering excellence and business acumen. The success has already translated into tangible career advancement, with his progression from Mid-Level to Senior Software Engineer during his five-year tenure at Bill.com, highlighting the organization's recognition of his valuable contributions. This success story illustrates how strategic technical leadership, when combined with effective software engineering practices, can transform digital financial services. The Bill.com Accountant Platform not only contributed to the expansion of financial technology infrastructure but also established new standards for implementation in the sector. As the industry continues to grow, this platform serves as a compelling example of how focused engineering leadership can drive exceptional results in large-scale fintech implementation. Looking ahead, the implications of this platform's success extend beyond immediate achievements. It demonstrates how effective software engineering can overcome complex technical challenges while delivering exceptional value to stakeholders. The platform's ability to process thousands of transactions daily while maintaining high performance standards sets a precedent for future financial systems development. As the financial technology sector continues to expand, the Bill.com Accountant Platform stands as a model for future financial technology implementations, showcasing the powerful combination of technical expertise, architectural excellence, and business acumen in driving project success under Harish Bonikela's capable engineering leadership. About Harish Bonikela A distinguished professional in software engineering, Harish Bonikela has established himself as a leading expert in full-stack development and system architecture. Based in Houston, Texas, his comprehensive experience spans multiple aspects of software engineering, including the successful delivery of critical components for major financial technology platforms. With a Master's degree in Computer and Electrical Engineering, Harish has demonstrated exceptional ability in optimizing system performance, implementing innovative architectural patterns, and ensuring superior user experiences. His expertise in modern web technologies and microservice architecture has consistently delivered operational excellence while maintaining high standards of system stability and performance across complex technical implementations. Through his thoughtful approach to software design and commitment to technical excellence, Harish continues to make significant contributions to the advancement of financial technology solutions that empower businesses of all sizes. This story was distributed as a release by Echospire Media under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Echospire Media under HackerNoon’s Business Blogging Program. Learn more about the program here. here here

Powering Fintech at Scale: Harish Bonikela’s Engineering Impact on Bill.com's $1.1B Platform

“Bill.com”un “Bill.com” platformasında “Harish Bonikela”ın mükəmməl inqilabı

Ενίσχυση της Fintech σε κλίμακα: Ο μηχανικός αντίκτυπος του Harish Bonikela στην πλατφόρμα $ 1.1B του Bill.com

Powering Fintech a escala: El impacto de la ingeniería de Harish Bonikela en la plataforma de $1.1B de Bill.com

Powering Fintech à l'échelle: l'impact de l'ingénierie de Harish Bonikela sur la plateforme Bill.com de 1,1 milliard de dollars

पैमाने पर Fintech को मजबूत करना: Harish Bonikela के इंजीनियरिंग प्रभाव Bill.com के $ 1.1B प्लेटफॉर्म पर

Powering Fintech nan Scale: Enjenyè Impact nan Harish Bonikela sou platfòm la $ 1.1B nan Bill.com

Powering Fintech at Scale: Harish Bonikela's Engineering Impact on Bill.com's $1.1Bプラットフォーム

Powering Fintech at Scale: Harish Bonikela- ის ინჟინერი ეფექტი Bill.com- ის $ 1.1B პლატფორმაზე

스케일에서 핀테크를 강화 : Harish Bonikela의 엔지니어링 영향 Bill.com의 $1.1B 플랫폼

Powering Fintech na skalę: Harish Bonikela's Inżynieryjny Wpływ na platformę Bill.com $1.1B

ප්රමාණයේ Fintech බලපෑම: Harish Bonikela හි ඉංජිනේරු බලපෑම Bill.com හි $ 1.1B වේදිකාව මත

强化金融科技规模:Harish Bonikela对Bill.com的1.1B平台的工程影响

Colend, the leading decentralized finance protocol on BTC side chains, today announced its 2025 roadmap. With over $150 million in Total Value Locked (TVL), Colend continues to offer competitive yields and is introducing a series of new features aimed at enhancing user experience, expanding functionality, and reinforcing its position within the Bitcoin Finance (BTCFi) sector. Colend has established its reputation for offering yield opportunities without exposure to impermanent loss or untraceable transactions within a CeDeFi framework.. In addition to this advantage, the protocol prioritizes safety. As new functionalities are developed, each feature will undergo comprehensive audits to ensure that the highest standards of security and reliability are maintained. Key Features of Colend’s 2025 Roadmap Subscription Model Colend introduces a monthly subscription plan that will integrate Monthly Recurring Revenue (MRR) into DeFi—an industry first. Unlike traditional subscriptions like Netflix, Colend’s model includes an additional feature: the potential for increased returns on deposits. By subscribing monthly with CLND tokens, users may receive bonus rewards in the same asset they deposit (for example, USDT rewards for USDT deposits). This subscription model is designed to offer potential benefits while encouraging long-term engagement, setting a new benchmark in decentralized finance. Advanced BTCFi Tools Colend is developing a suite of tools to simplify and optimize DeFi operations: LOOP Strategies: Automation designed to optimize DeFi farming strategies.
Smart DCA: Dollar-cost averaging with intelligent market timing.
Market Arbitrage: Identifying and leveraging market discrepancies for potential advantages. These tools will include advanced features such as flash loans, AI agents, and modular integrations. NFT upgrade The NFT collection will undergo a free remint, aligning with the latest marketplace standards. This upgrade is designed to introduce new utilities for NFT holders, including exclusive perks and broader marketplace compatibility. Oracle inception The oracle system will receive a major upgrade, empowering the community to vote on the hierarchy of oracles without compromising security. This innovative approach allows oracles to improve their Total Value Secured (TVS) and contribute more effectively to the protocol’s safety by granting them the priority to liquidate defaulting borrowers. Additionally, oracles will now have the ability to offer targeted incentives to voters who support them, shaping a governance model driven by strategic alignments rather than mere participation. This evolution mirrors the broader reality in DeFi, where virtually all protocols secure their operations through opaque, non-public OTC agreements that prioritize internal stakeholders over the interests of the broader user base. By integrating direct incentives into governance, this model extends the prevailing power dynamics, reinforcing structures that benefit orchestrators rather than participants. Crypto Credit Card According to the Colend team, the project is set to introduce what it describes as the world’s first true crypto credit card. Until now, all existing "crypto cards" have been debit-based, requiring users to bridge assets and pre-load funds. Colend eliminates these inefficiencies entirely. For the first time, users will access credit lines against their crypto holdings without selling them, thanks to the integration of custodial and non-custodial wallets, card issuers, and smart contracts architecture. Available on digital platforms (iOS/Android) and physically, the card is expected to include competitive rates and cashback rewards. The subscription fee for this service, payable in CLND, will contribute to the protocol’s sustainable economic model and onboard new users. Governance, Liquidity Mining and Buyback Colend's governance system will operate under a v(3,3) model, introducing a dynamic and incentivized approach to liquidity mining. CLND token holders can vote to allocate liquidity mining rewards toward specific assets, which will promote increased borrowing activity and higher APYs on those assets. In return for their votes, liquidity providers may offer incentives to encourage support for certain pools. This system is designed to create an ecosystem where participants engage in governance decisions that could impact the protocol’s overall liquidity dynamics. Additionally, the protocol plans to conduct periodic buybacks as part of its broader token management strategy. About Colend Colend is a decentralized Bitcoin finance protocol built on the Core network, with assets transiting through LayerZero to form a hybrid EVM connecting multiple chains. It facilitates trustless lending and borrowing, where lenders provide liquidity to pools, and borrowers secure loans using Bitcoin or other cryptocurrencies as collateral. Colend is part of the Core Ignition Program, which includes a monthly airdrop for its community. Its governance token, CLND, is available on Gate and Glyph. Colend emphasizes security through ongoing audits conducted by firms such as Halborn, Zokyo, and Verichains. Source: https://x.com/colend_xyz/status/1891102662466138233 This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here Colend, the leading decentralized finance protocol on BTC side chains, today announced its 2025 roadmap. With over $150 million in Total Value Locked (TVL), Colend continues to offer competitive yields and is introducing a series of new features aimed at enhancing user experience, expanding functionality, and reinforcing its position within the Bitcoin Finance (BTCFi) sector. Colend, Colend has established its reputation for offering yield opportunities without exposure to impermanent loss or untraceable transactions within a CeDeFi framework.. In addition to this advantage, the protocol prioritizes safety. As new functionalities are developed, each feature will undergo comprehensive audits to ensure that the highest standards of security and reliability are maintained. Key Features of Colend’s 2025 Roadmap Subscription Model Colend introduces a monthly subscription plan that will integrate Monthly Recurring Revenue (MRR) into DeFi—an industry first. Unlike traditional subscriptions like Netflix, Colend’s model includes an additional feature: the potential for increased returns on deposits. monthly subscription plan monthly subscription plan By subscribing monthly with CLND tokens, users may receive bonus rewards in the same asset they deposit (for example, USDT rewards for USDT deposits). This subscription model is designed to offer potential benefits while encouraging long-term engagement, setting a new benchmark in decentralized finance. Advanced BTCFi Tools Colend is developing a suite of tools to simplify and optimize DeFi operations: LOOP Strategies: Automation designed to optimize DeFi farming strategies. Smart DCA: Dollar-cost averaging with intelligent market timing. Market Arbitrage: Identifying and leveraging market discrepancies for potential advantages. LOOP Strategies: Automation designed to optimize DeFi farming strategies. Smart DCA: Dollar-cost averaging with intelligent market timing. Market Arbitrage: Identifying and leveraging market discrepancies for potential advantages. These tools will include advanced features such as flash loans, AI agents, and modular integrations. NFT upgrade The NFT collection will undergo a free remint, aligning with the latest marketplace standards. This upgrade is designed to introduce new utilities for NFT holders, including exclusive perks and broader marketplace compatibility. Oracle inception The oracle system will receive a major upgrade, empowering the community to vote on the hierarchy of oracles without compromising security. This innovative approach allows oracles to improve their Total Value Secured (TVS) and contribute more effectively to the protocol’s safety by granting them the priority to liquidate defaulting borrowers. Additionally, oracles will now have the ability to offer targeted incentives to voters who support them, shaping a governance model driven by strategic alignments rather than mere participation. This evolution mirrors the broader reality in DeFi, where virtually all protocols secure their operations through opaque, non-public OTC agreements that prioritize internal stakeholders over the interests of the broader user base. By integrating direct incentives into governance, this model extends the prevailing power dynamics, reinforcing structures that benefit orchestrators rather than participants. Crypto Credit Card According to the Colend team, the project is set to introduce what it describes as the world’s first true crypto credit card. Until now, all existing "crypto cards" have been debit-based, requiring users to bridge assets and pre-load funds. Colend eliminates these inefficiencies entirely. For the first time, users will access credit lines against their crypto holdings without selling them, thanks to the integration of custodial and non-custodial wallets, card issuers, and smart contracts architecture. Available on digital platforms (iOS/Android) and physically, the card is expected to include competitive rates and cashback rewards. The subscription fee for this service, payable in CLND, will contribute to the protocol’s sustainable economic model and onboard new users. Governance, Liquidity Mining and Buyback Colend's governance system will operate under a v(3,3) model, introducing a dynamic and incentivized approach to liquidity mining. CLND token holders can vote to allocate liquidity mining rewards toward specific assets, which will promote increased borrowing activity and higher APYs on those assets. In return for their votes, liquidity providers may offer incentives to encourage support for certain pools. This system is designed to create an ecosystem where participants engage in governance decisions that could impact the protocol’s overall liquidity dynamics. Additionally, the protocol plans to conduct periodic buybacks as part of its broader token management strategy. About Colend Colend is a decentralized Bitcoin finance protocol built on the Core network, with assets transiting through LayerZero to form a hybrid EVM connecting multiple chains. It facilitates trustless lending and borrowing, where lenders provide liquidity to pools, and borrowers secure loans using Bitcoin or other cryptocurrencies as collateral. Colend Colend Colend is part of the Core Ignition Program, which includes a monthly airdrop for its community. Its governance token, CLND, is available on Gate and Glyph. Colend emphasizes security through ongoing audits conducted by firms such as Halborn, Zokyo, and Verichains. Source: https://x.com/colend_xyz/status/1891102662466138233 https://x.com/colend_xyz/status/1891102662466138233 https://x.com/colend_xyz/status/1891102662466138233 This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here here here

Colend Roadmap For 2025: New Features, Subscription Model And The First Crypto Credit Card

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Managing supply chains can be one of the most costly and labor-intensive hurdles for small businesses to overcome. Even at a time when unforeseen issues like weather, regulatory changes, and supplier communications aren’t hampering your efficiency, inventory management can be a struggle. However, innovations in supply chain management thanks to emerging technologies like AI and blockchain are helping companies of all sizes develop a more comprehensive overview of their suppliers, fostering more conducive relationships along the way. With the global AI in supply chain market projected to rally to a value of $157.6 billion by 2033, representing a seismic CAGR of 42.7% over the next decade, there are positive signs that the artificial intelligence revolution will develop use cases away from the domain of large multinational corporations over the coming months and years. For small business owners, digital transformation is a necessity in maintaining an efficient and cost-effective supply chain, and these four innovations are set to help your endeavor overcome the challenges of handling multiple suppliers in a sustainable way: Unlocking the Power of Data Artificial intelligence is paving the way for a big data revolution throughout supply chain management, and this is empowering more small businesses to achieve efficiency in keeping on top of their inventories. Through the mining, interpreting, and sharing of big data, you’ll be capable of developing a more comprehensive overview of your inventory, bolstering your fulfillment rates, and building more positive relationships with both your suppliers and customers. Artificial intelligence and machine learning (ML) algorithms can provide more power than ever before in driving predictive analytics. These data insights can be used to predict future trends, identify possible problems before they develop, and access actionable advice on how to overcome them. Machine learning algorithms can lean on structured and unstructured data feeds like weather forecasts, satellite imagery over supplier inventory levels, and breaking news throughout social networks to act faster and offer you more agility in avoiding supply chain disruptions. AI-Powered Accounts Payable Accounts payable is a major part of supply chain management for small businesses, and the ability of AI tools to drive AP automation is set to boost the relationships between your company and every component of your supply chain. We’re already seeing several use cases emerge in AI-powered AP automation, and many of the solutions feature some form of autonomous capabilities to improve efficiency and save time on manual processes. One leading use case involves utilizing AI for invoice classification, in which ML algorithms can learn from past invoices to automatically classify new invoices based on signifiers like vendor name, amount specified, date, and other key metrics. This can eliminate the need for manual review and data entry for each document. AI is also paving the way for intelligent invoice extraction and data capture from unstructured documents like PDFs and emails with the help of computer vision and natural language processing. This allows you to focus valuable employee output elsewhere. Embracing Blockchain Over the coming years, blockchain technology is expected to shake off its cryptocurrency connotations to become a driving force in supply chain management. Built on a distributed digital ledger, blockchain has the potential to deliver unprecedented levels of trust, transparency, and traceability throughout the supply chain for businesses and suppliers alike. Because blockchains are immutable and decentralized, they’re virtually impossible to manipulate or tamper with, meaning that you’ll be capable of tracking your inventory from origin to end-user, paving the way for a far more compliant and authentic experience without the risk of counterfeiting or unaccountable low-quality components. Crucially, blockchain technology is also known for its ability to support smart contracts, which can self-execute transactions based on the fulfillment of pre-determined requirements. This means that payments to suppliers can be automated the moment received shipments pass your quality control checks. Driving Compliance and Sustainability Whether you’re seeking to grow your small business with a focus on ESG commitments or are aiming to maintain a strong emphasis on compliance throughout the jurisdictions of your supply chain operations, embracing sustainable practices can be an excellent means of keeping on the positive side of regulators throughout every step of your supply chain. According to Capterra’s Supply Chain Management Trends Survey, 80% of SMB supply chains plan to increase or continue to invest in sustainability efforts over the next several years, and emerging technology can help support these initiatives. Machine learning, powered by artificial intelligence insights, can be a positive force for small businesses seeking to build a more sustainable outlook for their operations moving forward. ML algorithms have the ability to vet prospective suppliers by assessing factors such as their energy consumption, waste management, labor standards, and fair trade practices. This can not only help your ESG initiatives but also keep your business safe from regulatory scrutiny. ML can also monitor for regulatory changes in compliance obligations surrounding your various jurisdictions to alert you should new requirements mean you become non-compliant in certain areas of operation. Finding Efficiency in Automation Technologies like artificial intelligence, machine learning, big data, and blockchain can unite to deliver greater efficiency across small businesses and provide fast and cost-effective solutions where lingering challenges can lead to significant problems between yourself, your suppliers, and regulators. As use cases grow, more small businesses are learning that these powerful technologies aren’t simply at the disposal of multinational corporations, but can be accessible for SMBs and even startups. For all small businesses operating with a supply chain, there’s never been a better time to embrace automation technology to drive better efficiency between yourself and your suppliers. In doing so, you can save valuable time and money that can be better invested in the growth of your company. Managing supply chains can be one of the most costly and labor-intensive hurdles for small businesses to overcome. Even at a time when unforeseen issues like weather, regulatory changes, and supplier communications aren’t hampering your efficiency, inventory management can be a struggle. Managing supply chains However, innovations in supply chain management thanks to emerging technologies like AI and blockchain are helping companies of all sizes develop a more comprehensive overview of their suppliers, fostering more conducive relationships along the way. With the global AI in supply chain market projected to rally to a value of $157.6 billion by 2033 , representing a seismic CAGR of 42.7% over the next decade, there are positive signs that the artificial intelligence revolution will develop use cases away from the domain of large multinational corporations over the coming months and years. value of $157.6 billion by 2033 value of $157.6 billion by 2033 For small business owners, digital transformation is a necessity in maintaining an efficient and cost-effective supply chain, and these four innovations are set to help your endeavor overcome the challenges of handling multiple suppliers in a sustainable way: Unlocking the Power of Data Artificial intelligence is paving the way for a big data revolution throughout supply chain management, and this is empowering more small businesses to achieve efficiency in keeping on top of their inventories. Through the mining, interpreting, and sharing of big data, you’ll be capable of developing a more comprehensive overview of your inventory, bolstering your fulfillment rates, and building more positive relationships with both your suppliers and customers. Artificial intelligence and machine learning (ML) algorithms can provide more power than ever before in driving predictive analytics. These data insights can be used to predict future trends, identify possible problems before they develop, and access actionable advice on how to overcome them. Machine learning algorithms can lean on structured and unstructured data feeds like weather forecasts, satellite imagery over supplier inventory levels, and breaking news throughout social networks to act faster and offer you more agility in avoiding supply chain disruptions. AI-Powered Accounts Payable Accounts payable is a major part of supply chain management for small businesses, and the ability of AI tools to drive AP automation is set to boost the relationships between your company and every component of your supply chain. We’re already seeing several use cases emerge in AI-powered AP automation, and many of the solutions feature some form of autonomous capabilities to improve efficiency and save time on manual processes. One leading use case involves utilizing AI for invoice classification, in which ML algorithms can learn from past invoices to automatically classify new invoices based on signifiers like vendor name, amount specified, date, and other key metrics. This can eliminate the need for manual review and data entry for each document. AI is also paving the way for intelligent invoice extraction and data capture from unstructured documents like PDFs and emails with the help of computer vision and natural language processing. This allows you to focus valuable employee output elsewhere. Embracing Blockchain Over the coming years, blockchain technology is expected to shake off its cryptocurrency connotations to become a driving force in supply chain management. Built on a distributed digital ledger, blockchain has the potential to deliver unprecedented levels of trust, transparency, and traceability throughout the supply chain for businesses and suppliers alike. supply chain for businesses Because blockchains are immutable and decentralized, they’re virtually impossible to manipulate or tamper with, meaning that you’ll be capable of tracking your inventory from origin to end-user, paving the way for a far more compliant and authentic experience without the risk of counterfeiting or unaccountable low-quality components. Crucially, blockchain technology is also known for its ability to support smart contracts, which can self-execute transactions based on the fulfillment of pre-determined requirements. This means that payments to suppliers can be automated the moment received shipments pass your quality control checks. Driving Compliance and Sustainability Whether you’re seeking to grow your small business with a focus on ESG commitments or are aiming to maintain a strong emphasis on compliance throughout the jurisdictions of your supply chain operations, embracing sustainable practices can be an excellent means of keeping on the positive side of regulators throughout every step of your supply chain. small business According to Capterra’s Supply Chain Management Trends Survey, 80% of SMB supply chains plan to increase or continue to invest in sustainability efforts over the next several years, and emerging technology can help support these initiatives. 80% of SMB supply chains 80% of SMB supply chains Machine learning, powered by artificial intelligence insights, can be a positive force for small businesses seeking to build a more sustainable outlook for their operations moving forward. ML algorithms have the ability to vet prospective suppliers by assessing factors such as their energy consumption, waste management, labor standards, and fair trade practices. This can not only help your ESG initiatives but also keep your business safe from regulatory scrutiny. ML can also monitor for regulatory changes in compliance obligations surrounding your various jurisdictions to alert you should new requirements mean you become non-compliant in certain areas of operation. Finding Efficiency in Automation Technologies like artificial intelligence, machine learning, big data, and blockchain can unite to deliver greater efficiency across small businesses and provide fast and cost-effective solutions where lingering challenges can lead to significant problems between yourself, your suppliers, and regulators. As use cases grow, more small businesses are learning that these powerful technologies aren’t simply at the disposal of multinational corporations, but can be accessible for SMBs and even startups. For all small businesses operating with a supply chain, there’s never been a better time to embrace automation technology to drive better efficiency between yourself and your suppliers. In doing so, you can save valuable time and money that can be better invested in the growth of your company.

4 Emerging Technologies to Help Your Small Business Transform its Supply Chain Management

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