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The Beneficial Role of Blockchain Technology in Transforming Major Industries

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Blockchain technology could be described as a record of transactions that can be made to document virtually anything that is of value. It keeps transaction records which are also referred to as a ledger in the world of virtual currency. Transactions are usually included in the ledger as a block. A distribution system is used to verify the different transactions via a network of computers.

A transaction is usually added to the blockchain upon verification, and it cannot be altered. Blockchain technology has been popularly used for Bitcoin which is one of the most popular virtual currencies currently. Cryptocurrencies have become a common medium of exchange in recent times.

We have seen most online traders accepting payments in such currencies, and this has helped simplify trading to a certain extent. You can also invest in cryptocurrencies which usually increase in value. One can hold and sell them after a certain period. They are usually valued at a certain amount which may increase or decrease in value over time.

Also Read: 5 Best Cryptocurrency Exchange Platforms

Visit Trybe.one for news on cryptocurrency or blockchain technology from the experts. Blockchain technology has played a pivotal role in transforming how different sectors operate. Some of the industries that have benefited from this type of technology include banking, healthcare and business sectors. The following are ways this technology has helped transform different sectors.

Increased Transparency

Blockchain technology has helped improve transparency, especially when it comes to the different transactions being carried out. Those who participate in a specific network share the same document, which is different from the one where everyone has their copy. Everyone must agree before any updates are made. Blockchain data is more accurate and available for all the participants.

Improved Security

Blockchain technology is more secure compared to other methods or systems of keeping transactions. One good thing about it is that everyone is involved in every trade before being recorded. The transaction is then encoded and merged with the previous transactions. Information is also stored on several computers which makes it hard for hackers to access the data. This technology helps regulate how vital information is distributed thereby reducing any chances of fraudulent activity taking place.

You may also read: Getting Involved in the Industry of the Cryptocurrency

Increased Speed and Efficiency

The use of conventional methods to carry out transactions can be slow and tedious. You may spend a lot of time on them, and the chance of encountering a human error is also high. Automating such procedures with blockchain technology will save you a lot of hassle. Transactions will be fast and effective. They will be on a single record which will help reduce all the clutter. All this will reduce the slow speeds common in conventional methods.

If you want to become a blockchain developer then you must read our article about How to Become A Blockchain Developer?

Lower Costs

The use of blockchain technology will help reduce the costs you may incur in your business. There is no need to use or include many third parties to finalize certain transactions. You have to work with the data on the system which is always accurate. There will also be minimal transaction reviews which helps you cut costs. 

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How Does One Go From Just Having An Idea To Creating An Eye-Catching Video?

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Eureka! You’ve finally got it!

You have the ultimate idea that your brand can transform into an eye-catching video and get a revenue boost. You can almost picture it in your head. But now what?

How can you create the perfect video that can do justice to your amazing idea? What does it need to achieve this desired result? And most importantly, how can you realize your concept into a real-life opportunity?

If you are struggling with these questions, then you have come to the right place! In this post, we will explore how one goes from merely having an idea to executing it in the form of an eye-catching video. So without any further ado, let’s check out this step-by-step guide:

Create a Production Plan

Before you dive right into producing a video, it would be wise to formulate a production plan first. Having a structure in place will not only make it easier for you to shoot or create the video but also to edit it.

Start by identifying the mission and goal of producing this video. Is it to increase brand awareness? Do you want to get viral? Is it for self-promotion? Depending on this end-goal, you can formulate a production strategy.

Next, you need to decide the video content type. Video content ranges from Vlogs (Video Blogs) to Q&As – so decide on the video type based on your mission and the viewer preference.

Finally, get working on the script. Collect all the data in a single place and identify the key ideas that you wish to explore in your video, then collate this information to draft a compelling script. You may circulate this script between your team members and industry experts to gather their feedback.

Also Read: Boost Your E-Commerce Sales with Video Marketing

Choose a Video Maker

Now that you have the foundation in place, it is time to choose your tool. You can browse through the several video maker online and select an application or software that appeals to you the most.

Factor in your technical savviness and competence as a video creator and editor while choosing the platform. For basic video creation, you could turn to applications like PowerPoint, where you can dabble around with basic transitions and animations. On the other hand, platforms like Invideo that are packed with an array of features are also are known for having a user-friendly interface.

Let Your Brand Voice Echo

You are not making videos for leads and prospects; you are creating videos for other human beings.

So, allow your brand persona or individual personality to shine through the video. Whether you are creating videos in a B2B environment or sharing a step-by-step guide on how to make a mouth-watering egg roast, audiences are looking for a human connection.

However, in order to be successful, you and your audience have to literally and figuratively speak the same language. You cannot expect to attract middle-aged individuals or seniors with words like “YOLO” and “LOL,” and neither can you appeal to Millennials by blaming them for ruining the economy!

The above reason is why you must carefully choose a brand voice. Do you want to appear professional and authoritative? Or do you want to keep things fun and casual?

Factor in your audience and corresponding demographics to market yourself or your products through the video.

Explain Your Product or Service

Nobody knows you or your product/service better than yourself! However, this knowledge may result in you assuming that everyone else knows it too.

Conceptualize your video as the first point of contact between you or your brand and the audience. Then walk them through the entire process of what your product is and how it can benefit them.

But here comes the dicey bit – you need to balance out the information with entertainment. If your audience had the chance to choose between “5 features of XYZ” and cute cat or dog videos, they would, unfortunately, go for the latter. More so, if your video just drones on and on about product specifications and features.

Hence, make an attempt to make the video more engaging by weaving in a story or adding value to it. When you compare “5 features of XYZ” versus “5 ways in which XYZ changed my life,” the former appears to be more impactful. Thus, incorporate such techniques to make your videos more engaging.

Must Read: Movavi Video Editor Plus vs. Windows Movie Maker Review

Snip, Snap, and Edit

Once you have produced the first raw draft of the video, it is time to edit it! Remember the production map that you created when you conceived the idea for the video? Bring that up again and recollect the goal.

With this objective in mind, start working towards creating a story. Delete any extra or irrelevant footage and add more aesthetically pleasing elements. Make use of video editor Chromebook tools to carry out color correction and color grading to give your video a polished look.

If there is narration involved, test and superimpose a voiceover clip for more clarity. On the other hand, you can make effective use of music to evoke emotions and influence the viewers.

Publish and Promote the Video

Finally, now that everything is done, it is time to show the world your awesome creation!

First, select an appropriate title and incorporate the keywords that will make it easier for audiences to locate your video. It may seem insignificant and is often overlooked, but put in thought while selecting a thumbnail for your video.

Once everything is in order, publish the video over multiple platforms and start promoting it with all your might!

Post your video on YouTube, Facebook, and the landing pages of your website. Make use of hashtags and include more keywords in the video description for greater visibility.

Conclusion

Creating an eye-catching video does not necessarily involve high production value. You can achieve the same effect by making smart use of readily available video creation tools. Most importantly, focus on the content of the video as it is the heart and soul of the video that will get it noticed!

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How to Use Chatbot with CRM to Increase Your Profitability?

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Many CRM systems are integrated with a live chat feature to enable better communication with your customers. But that is the basic scope of the tool while the possibilities are endless.

You can use your Opensource AI Chatbot with CRM Integration to increase your revenue, generate new leads and establish a superior level of customer service.

The power of CRM lies in the amount of customer information it can manage, paired with a live tool, you can always get to know everything about a customer instantly. You can offer context-driven assistance and make the customer feel wanted.

Open source Chatbot can be integrated with any CRM solutions. You can even use open source free solutions- like SuiteCRM chat integration with the Live-helper chat tool & Live Chat CRM Profitability

chatbot with crm

Now let’s find out how you can use the Open Source Chatbot to generate leads and increase Relationship and Profitability with clients.

Also Read: Understanding the Differences Between CRM and Sales Force Automation

The visitor to Customer:

You can successfully convert the visitors to your website to customers by using proactive Chatbot. For example, if someone has spent more than 5 minutes on a specific webpage, you send a pop-up chat saying, “Are you looking for something we can help with?”

Forrester survey reveals that 77% of customers want companies to value their time. You can jump right in and help out the visitor with better chances of conversion.

Successful Checkouts:

55% of American online shoppers are likely to cancel their purchase if they cannot get a quick answer to a query. You can use the Open Source Chatbot feature to catch the customer on the checkout page and answer all his questions. The chat window is also perfect for sharing files like brochures, manuals and so on. Solving the customer’s query in less time with CRM information, which will improve the chances of conversion and a successful purchase.

Must Read: Qualities of a Customer Relationship Management System

Lead Generation:

The Open Source Chatbot tool can be made to work for you to generate and capture new leads. Using a pre-chat form to collect customer information is a good way to start. As in the Chatbot tool, all information will be stored in a centralized database ready to be accessed instantly.

Fynsis deliver hands-on training with lab sessions to ensure attendees complete understand and retain how to use SuiteCRM with real business scenarios. Open Source SuiteCRM Training material is consistently revised with every new release to make sure we deliver up-to-date SuiteCRM content. Participants retain more when they are practically involved in learning.

Hence, you can also engage a returning visitor or qualified lead; the moment they visit your website with Chatbot. Their details are stored in the CRM and you can start context-driven conversions based on their customer journey.

Engage from Anywhere:

Another plus point of the Open Source Chatbot is that you can even engage your customers using other devices. Be it a smartphone or tablet, you can use the Chatbot tool if the CRM solution is compatible, take a Free SuiteCRM Demo to understand the benefits, features, and functionalities of this CRM.

So distance doesn’t matter and you don’t need to be at your desk. You can communicate with your customers and leads from anywhere and keep up the productivity.

Apart from boosting sales and revenue, Open source Chatbot will improve customer engagement significantly. Better engagement means better service which leads to customer loyalty. And customer loyalty automatically means return customers who are willing to spend more than last time!

So Open Source Chatbot is a must if you want to grow your business and profits.

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How to Buy Now and Pay Later On Flipkart

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Flipkart has made shopping easier for you with its micro financing option, Flipkart pay later. If you have been a frequent Flipkart user, you must check out the Flipkart pay later option.

With this very user-centric option, you can buy products on credit for a month. You can transact multiple times, and a consolidated payment can be made at the beginning of the subsequent month. Depending on your eligibility, you can get a credit line of 5-10k every month. There are various benefits to using Flipkart pay later option.

  • Easy transactions

  • Interest-free credit

  • Flipkart assured products

  • Easy Returns/Exchange/Refund

  • Easy repayment for the entire month in a single deal

  • Hassle-free buying at a single click

  • Seamless checkout process

  • Try and buy

  • Easy repayment by credit cards, debit cards or net banking

  • No maintenance charges for this facility

Looking at the number of benefits that this option comes with, you should definitely give it a try. Here is a look at how this exactly works:

  1. Once you visit the website, you will be able to view this option on the Homepage if you are eligible for the same. This option is available to select customers. The Eligibility option can be seen under the ‘My Account’ section of the website or on your app.

2. Once you click on the ‘Know More’ tab, you can check your credit limit for the month.

3. Check out the terms and conditions, and the process given on the website for your reference. Go through the frequently asked questions as well to make sure that you have all the facts right.

4. You can then check out which products are eligible for the pay later option. You will see ‘Eligible for Flipkart Pay Later’ written at the bottom of the product. The products that are eligible for the pay later option are all Flipkart-assured. Add the relevant products to your shopping cart.

Also Read: 10 Best Shopping Apps in India You Should Use

5. Once the product is added to the cart, checkout and continue to the payment page. Here from amongst the listed payment methods choose ‘Flipkart Pay Later’ as your option.

6. This option enables you to complete the transaction in a single click, and your order gets placed instantly. You will then receive the details of the order.

7. You can track your purchases as well as usage of the Flipkart pay later account. The payment for your multiple purchases during the month is to be done before the due date. The amount due date is the 10th of the following month.

8. Your statement is sent to you on the 1st of every month. This will include all the transaction details of all your purchases for the previous month.

Must Read: Top 5 Safest Applications To iPhone

Repayment is a seamless and straightforward process. Your payments can be cleared off by several payment modes such as credit card, debit card, or net banking. You receive the monthly statement on your registered email address. A reminder SMS is sent out as well. The Flipkart app users also receive a notification for the same.

Although the option is interest-free for you, you can be penalized for delayed payments. The payments are to be made before the 10th of the subsequent month. In case of delays beyond this due date, there is a particular penalty charge levied on the outstanding amount. You can find the details of the late payment penalties in the FAQs section on the app or website.

Here are the penalty slabs for your reference.

The outstanding amount of up to Rs 2,000: Rs 100-/

Outstanding between Rs. 2,001-4,001: Rs. 200/-

Rs. 4,001 and above: Rs. 400-/

Any delays beyond can lead to a suspension of your account.

Flipkart Pay Later is an absolutely user-focused initiative by Flipkart. By providing a small level of credit, this form of micro-finance can make your online shopping convenient and hassle-free for you. Most of the online shops extend services that make your shopping experience more affordable. These include options such as Debit Card or No cost EMI, Buyback Guarantee, etc. But the Flipkart Pay Later option makes your online shopping experience easier, hassle-free, and extremely convenient for you.

If you have been a loyal Flipkart customer, you will definitely be able to enjoy the perks of this service. This makes shopping as easy as merely selecting and dropping your product in your cart and confirming your order at the click of a button to finalize it.

So if you shop more than once every month on Flipkart, there is absolutely no need for you to get into long transaction processes. No need for OTPs and payments when Flipkart has made it so simple and easy for you!

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