What is NFT, and how do they work?

An NFT or Non-fungible tokens are one-of-a-kind digital assets that can be bought and sold online; however, they have no tangible form of their own. Therefore, each NFT is a unit of data stored on a digital ledger that is also known as a blockchain. NFT data units may be associated with digital files such as photos, videos, and audio. This also implies that each NFT represents a different underlying asset and can have another value. Simply put, no two NFTs are similar. Digital art is currently the most common use of the NFT. NFTs belong mainly to the Ethereum blockchain.

How do they work?

When NFTs are created or minted, they execute a code stored in smart contracts that conform to different standards. Like cryptocurrencies, NFTs are bought and sold on specialized platforms; however, what changes hands is a certificate of ownership. With a bit of technical know-how, it is also possible to make, or “mint”, your own NFT.

The truth is: The NFTs have opened up a new platform for struggling artists and musicians to participate in the same and generate monetary benefits. The NFTs aren’t limited to them, though; anything unique and rare can be traded. Digital art, collectibles, Ticketing, games. Virtual worlds, sports, fashion, Film, Music, Academia. It includes these fields and much more.

STATS: The digital artwork entitled “Everyday – The First 5000 Days”, by artist Mike Winkelmann, also known as ‘Beeple’, sold for US$69.3 million in 2021.

And closer home in India, Amitabh Bachchan is among the first Indian actors to jump on the NFT bandwagon and is all set to roll out his own NFTs.

Business lessons from top CEOs

Leadership drives business to excel. A great leader is one who leads from the front. Here are 3 top lessons from famous CEO’s

1. Invest In Your Team
“Hire the best for your team,” said Steve Jobs, Founder of Apple. Being a CEO, he said, is not about mastering the ability to wear many hats or try to excel at everything. The secret to success is to surround yourself with talented people and delegate work effectively.

2) Obsess about customers/clients
“Focusing on the customer makes a company more resilient, ” says Jeff Bezos, the founder and executive chairman of Amazon. “We’re not competitor obsessed, we’re customer-obsessed. We start with the customer and we work backward.” And there is no doubt that it has worked wonderfully for Amazon!

3) Optimism is key
There will be ups and downs in business and a great CEO should be able to take both success and failure in the same gait. Matt Certo founded his marketing company, Find some & Winmore says “Along with dark skies, storm clouds, and everything else that’s bleak, running a business requires optimism.”

Tips to improve your public speaking skills

Public speaking is an art. To some, it comes naturally; to some others, it takes a bit of preparation. Here are some tips to brush up on your public speaking skills

  • Prepare the points to be presented before the audience. Sound knowledge of the subject or the topic is highly beneficial. Understanding and studying the audience is an added advantage.
  • Rehearsing the speech before a mirror or recording it before presenting it before the audience can also help in boosting your confidence.
  • Adding a visual aid while giving the speech helps the audience better understand and, in turn, helps us remember the essential points to be presented in an orderly manner. A good speaker always uses visualization methods and similar techniques to improve their results.
  • Dress up for the event. Once you look confident and competent, you feel positive about yourself. Hence, it gives the best confidence, which automatically provides better performance as well as an end result.
  • Make sure to portray an energetic and positive attitude as this is an easy way to tackle stage fright or public speaking. Stage fear is good as it helps you improvise over a while and enhance confidence and overall performance.

Myths About Blockchain

Blockchain, bitcoin, cryptocurrencies – these are the buzzwords now. A blockchain is a distributed digital database that is shared among different stakeholders. However, there are a lot of myths surrounding blockchain. We take a look at the top 3:

Blockchain equals Bitcoin.

Blockchain is the root technology behind bitcoin. However, it has evolved and is used for various purposes. While blockchain deals with data, Bitcoin is a cryptocurrency.

Blockchain is secure.

Blockchain is designed for immutability. The involvement of all stakeholders is needed for altering. However, security is another ball game entirely.

Blockchains are fit only for finance

Even though the blockchain concept was proposed in the early 1990s, it evolved into being widely used as the core technology behind Bitcoin in 2008. And now, it has spread beyond its cryptocurrency roots. It is also being used in real estate, healthcare, and other areas.

Tips on leadership skills

Not everyone is born a leader. Leadership is a skill that can be learned and improved upon. Here are some simple tips to be a great leader.

Skill 1, Empathy

The number one leadership skill is empathy. Be genuine, connect with your team and yet stand tall. It makes you command respect and makes you approachable too.

Learn to handle failure

Failures are stepping stones to success. How you handle failures and setbacks defines you as a leader. Be responsible, and hold employees accountable as needed – with grace.

Taking Initiative

Don’t be complacent. Step out of your comfort zone and challenge yourself to improve. Do it with ease and elegance and you will see you have people following you.

Be proactive.

Good leaders can foresee potential problems. They can also develop ways to prevent problems from happening.

Constant learning

Be open to challenging yourself. Tell yourself that it is okay to delegate work and you need not do everything yourself. The key to being a successful leader is to let your team grow. Do not micromanage

Things to consider when choosing office space

For most professionals, the office is one of those places where they spend most of their time. Here is a look at the key factors to keep in mind when you search for office space.

Location
Client convenience plays a major role when you decide on your office space. Keep in mind that it has to be easily accessible. A reputed location like a technology park provides you with ample infrastructure.

The financials
For most business owners, the overhead cost is a very significant factor. Do the math, find your ideal fit.

Community networking
Be it a startup or a big firm, networking is the growth path. It is important to be in the midst of a community of like-minded people to achieve growth.

Local amenities
From retaining talent to ease of access and conveniences, there are a lot of factors that work in favor of a technology park. You are just moving into a facility that has the best of comforts and conveniences.

While lockdowns and life has changed drastically in the post-Covid 19 phase. Technopark, Cyberpark and Infopark offer you spaces that will fit your bill. contact us.

Growth of startups in Kerala

At the turn of the century, the young and ambitious made a beeline to the neighbouring cities of Bangalore, Delhi, or Hyderabad with dreams of making it big in the IT world. However, 20 years down the lane, the scenario has changed. Kerala now has a very vibrant Startup Ecosystem.

What works in its favour

1) A large talent pool of qualified professionals.
2) A world-class infrastructure and modern technology.
3) Easy Access to the rest of the world.
4) The pro-enterprise policies of the state government and the setting up of the Kerala Startup Mission.

The high rate of e-literacy in the state is yet another factor that boosts the startup ecosystem in Kerala. The Startups in Kerala are developing solutions and dabbling futuristic technologies like never before.

The future goals

The state government along with the Kerala Startup Mission, is aiming at a four-fold increase in the number of startups in the state. The plan is to take it to 15,000 startups in the next five years.

The environment is ripe for a big boom in the sector. And we at Technopark, Infopark and Cyberpark have spaces and incubators for the Startups.

SOURCE: https://www.thehindu.com/news/national/kerala/four-fold-rise-in-number-of-startups-planned-cm/article36533069.ece/amp/

What Are the Latest Innovations in Biometric Technology?

Biometric technology is increasingly becoming ingrained in people’s daily lives worldwide. Many of us use biometric authentication regularly due to mobile device integration. Medicine, finance, marketing research, and various other industries that require personal identity will all benefit from biometric trends in the future.

Biometric Security in The Future

A lot of biometric services are now being developed and tested. However, these biometric technologies will be widely used in a few years. Plastic cards will soon become obsolete, and fingerprint scans will become standard practice. The public perception of biometrics appears to be a concern. You have fingers, eyes, and a face, as everyone knows. On the other hand, open biometric data is only the tip of the iceberg. Experiments on every potential trait are underway, from monitoring your heart rate to implanting chips under your skin to inspecting ophthalmic veins, the list goes on.

Simplicity is going to be the key to biometric security in the future. The simplest technique to provide a high level of protection is to improve modern methods. You can, for example, scan a 3D image of a fingerprint and examine every detail.

Biometric identification technologies are evolving rapidly, and it is challenging to predict what they will look like in a few years. One thing can be assumed with certainty: passwords that are difficult to use, modify, and remember will stay a thing of the past.

Biometric Technology’s Most Recent Advances:

Tools for Verification

In the usage of authenticating devices, there are two main biometric trends. The first trend is multimodal biometric authentication, in which numerous biometric technologies are employed simultaneously rather than just one. Using a personal device as a biometric access token is the second option. A camera and a microphone are standard features on all current smartphones. Many include a fingerprint scanner; for example, Samsung’s flagship device has an iris scanner.

Single Sign-On Biometric Services

Biometric single sign-on technology allows users to access all authorised IT resources and systems with a single identification. The user needs to submit authentication data by doing the actions that correspond to the techniques used: placing their finger on the reader, passing through facial recognition, or saying a key phrase that will be selected by voice.

Voice and Facial Recognition

Face recognition technology is rapidly evolving. Mobile phone authentication and identity definitions in congested locations are the primary trends for 2021.

The integration of voice control devices into automobiles is one of the most recent biometric advancements in speech recognition. Such devices will use a human voice to manage most of the car’s functions, removing the need for buttons, knobs, and switches.

Technologies for Mobile Biometrics

Biometric device development trends point to a large reduction in this device and improved simplicity of use. The active use of smartphones with pre-installed sensors is connected with the growth of the mobile biometrics market segment.

At the same time, biometric characteristics will be utilised for authentication not only to unlock mobile devices but also to organise multi-factor authentication and quick confirmation of electronic payments.

Biometric Solutions Based On the Cloud

Biometric identification is progressing at the same time that cloud services are progressing. Modern technical solutions attempt to integrate many parts into sophisticated solutions that meet all of the client’s needs, not only those related to physical security. As a result, merging cloud services with biometrics as part of multi-factor authentication devices is a step that is both timely and forward-looking.

Unified Threat Management (UTM) Solutions for Small to Big Businesses

The IT industry is constantly challenged with new threats, from malware infecting endpoints and servers to coordinated attacks affecting entire networks.

Each type of attack on the IT system necessitates a unique response and plan. This typically causes businesses to invest extensively in securing their vulnerabilities – the bigger the quantity and variety of vulnerabilities, the greater the security expense.

Not all businesses can afford to cover all of their cyber security perimeters. As a result, many businesses take the (wrong) approach of safeguarding themselves to the extent that their budget allows. They also expose susceptible areas to very serious risks, whether knowingly or unwittingly.

Unified Threat Management, or UTM, has long been a solution for companies who lack the resources – expertise, personnel, money, and so on – to secure all of their sensitive regions. UTM protects against all known sorts of threats, including malware (viruses, worms, spyware, and so on) and network attacks (denial of service, phishing, SQL injection, etc.). The ability to combine performance, security, and compliance capabilities in a single installation dramatically simplify security administration for network administrators, cutting the expenses of protecting a company’s IT infrastructure.

UTM systems have grown over time to go beyond the capabilities of small businesses with limited resources. And huge corporations began to see them as attractive ways to cut costs. This is how the acronym NGFW (next-generation firewall) was born, which is nothing more than a UTM solution repackaged for business networks.

Let’s look at what the major vendors of this form of security solution have to offer without further ado.

1. FortiGate NGFW

FortiGate is a next-generation firewall that has all of the characteristics of a UTM, including content filtering, antivirus, email filtering, web filtering, and email control. It is a highly recommended solution for enterprises that fit the criteria of being a small or medium-sized business that faces significant risks or handles highly sensitive data and requires a deep scan of every packet that passes through its network. The FortiGate firewall has high-performance security processors that improve network performance while defending it from cyber-attacks. While FortiGate is a good fit for small businesses without professional IT security employees, its CLI commands are difficult to understand and are not recommended for beginners.

2. Sophos UTM

Sophos UTM is a modular security management appliance with an intuitive UI that makes it simple to create policies to limit risks and attacks. It also provides clear and complete reports that include everything needed to analyse and improve a network’s security posture. Users of Sophos UTM praise the benefits of centralised integration for easier management and a high update frequency, which gives them peace of mind that no new threat will strike the network before it is protected. Furthermore, firewall and VPN configurations are simple and easy. In conclusion, Sophos UTM is a fantastic choice for those searching for a simple and effective UTM solution that puts together what is needed to defend networks for enterprises with limited IT security budgets.

3. Cisco Firepower NGFW

Small and branch offices and high-performance data centres and service providers can benefit from Cisco NGFW firewalls, which feature advanced threat defence capabilities. These appliances come in various configurations, including virtual versions for cloud infrastructures named Firepower NGFW. Next-generation intrusion prevention systems (NGIPS), security intelligence (SI), advanced malware protection (AMP), URL filtering, application visibility and control (AVC), and flexible VPN capabilities are among the Cisco NGFWs’ advanced threat defence features. Compared to UTM systems for more limited situations, the costs of Firepower NGFW appliances are high. Those who use them in sectors that handle extremely sensitive data, where a security breach can cost millions of dollars, argue that their pricing is a bargain.

4. Barracuda CloudGen

Barracuda CloudGen is at the heart of Barracuda’s Total Threat Protection strategy. CloudGen UTM provides a web interface for easy administration as well as free cloud-based centralised management. Firewall, application control, intrusion prevention system (IPS), antivirus (web, mail, and FTP in proxy or single-pass-through mode), gateway-based URL filtering (also in proxy or single-pass-through mode), SSL interception and inspection, web proxy with caching, unlimited site-to-site and client-to-site virtual private network (VPN), and spam filtering are some of its main features.

Barracuda’s UTM appliances come in various sizes, from small PCs to huge 2U rackable appliances. There are additional virtual appliance versions for VMware, Microsoft Hyper V, KVM, Citrix Xen, and Open Xen and cloud service versions for AWS, Microsoft Azure, and Google Cloud Platform.

Network Attached Storage(NAS) Solutions for Personal and Official Use

Whether you’re using a personal computer, a home network, or a corporate network, your data isn’t always secure and needs to be protected.

Small and medium-sized enterprises can store all of their data in a single location that is secure and accessible from anywhere using NAS. One of the most important features of a NAS is its multifunctionality. Small and medium businesses and personal, at-home offices can benefit from it (small and medium enterprises). NAS has grown increasingly popular for home use since it allows you to store all of your images, movies, music, and documents in one place and access them from anywhere at any time. NAS has evolved into a data storage asset in the professional world. The corporation grants access to NAS devices for backup, recovery, and sensitive data access based on employee credentials.

Let’s look at some of the greatest NAS devices available right now.

1. Synology DS920 NAS

The Synology 4-bay NAS DS920 has a 4-core processor that speeds up file indexing by 15.5 percent, photo indexing by 24 percent, and internet response by 133 percent. This NAS device comes with 4 GB of RAM that can be upgraded to 8 GB.

Features:

  • There are two built-in SSD slots for SSD drives, which boost system input/output and application speed 20 times.
  • Scalability: With DX517, you may connect up to 9 HDDs. module for expansion
  • With block-level incremental backups and cross-deduplication, multiple backup versions can be saved.

The Synology 4-bay DS920 NAS is the finest solution for small and medium-sized enterprises looking for data backup and protection. Even businesses in need of scalability can use an external Synology DX517 to handle ever-increasing data volumes.

2. WD My Cloud EX2 Ultra

The WD, My Cloud EX2, is a high-performance NAS with several RAID options for data backup and protection. RAID 0 for improved speed, RAID 1 for data mirroring, and JBOD (Just a Bunch of Disks) for non-RAID configurations are included.

Features:

  • Sync files across all of your PCs automatically.
  • 256 AES Volume Encryption is used to protect your files across the network.
  • Backup in its entirety: The operating system, applications, settings, and individual files are all backed up by Acronis True Image.

It may be used for backup at home and in mid-sized businesses thanks to the data redundancy feature—AI-based data protection guards against ransomware and malware threats.

3. QNAP 4 Bay TS-451D2

The QNAP 4Bay TS-451D2 NAS provides ample household and small business use capacity. Because it has a 2.0 GHz dual-core processor that can be upgraded up to 2.9 GHz, business users or small companies can connect locally or remotely for seamless access to work files. Files can be saved, shared, and archived by users.

With 4K HDMI 2.0 direct streaming and output, home users can enjoy a high-quality entertainment experience. You can connect your existing cloud storage with third-party cloud storage connectors.

Features:

  • Virtual machines and containers can be used to execute a variety of applications.
  • The private cloud supports account protection, IP restriction, verification, and two-step encryption.
  • QuDedup technology prevents data duplication before it is placed on the NAS to conserve storage space and bandwidth.

4. Netgear 4-Bay ReadyNAS

The Netgear 4-Bay ReadyNAS has many features and can store up to 48 terabytes of data (4-device bay). It has a quicker access speed of up to 200MB/s read and 160MB/s write, and it can handle full HD 1080p video.

Features:

  • Antivirus software that protects against viruses and malware in real-time.
  • For better read/write activities, it has a 1.4GHz quad-core processor and 2GB RAM.
  • SATA hard drives and SSDs are supported (hard drives)

Despite being suggested for personal use, it is ideal for small office networks because of its extensive feature set and inclusion of modern technologies such as RAID, SSD compatibility, and the BTRFS file system.