Spydra

Blockchain Meets GenAI 💡 In the world of blockchain, business logic is typically embedded in smart contracts. In the Hyperledger Fabric ecosystem, these smart contracts are referred to as Chaincode. When you deploy Chaincode across a network, several key steps take place: 1. Chaincode is installed on the peer nodes. 2. It’s approved by participating organizations through a consensus mechanism. 3. The Chaincode is committed to the network, making it available for function invocation. However, deployment isn’t always smooth. Various issues can cause failures, such as: 1. Syntax or logical errors in the Chaincode. 2. Missing dependencies in the package. 3. Connectivity issues between peers. 4. Endorsement policy violations. 5. Read/Write conflicts (e.g., simultaneous transactions trying to modify the same data). Identifying the root cause of these failures by digging through logs can be time-consuming and frustrating for developers. That's where Spydra comes in. We’re using GenAI to revolutionize the way developers troubleshoot blockchain deployments. Our platform enables developers to instantly analyze backend logs using our Explain feature. It pinpoints the exact error, provides root cause analysis, and suggests potential solutions—all in real time. This not only saves hours of manual debugging but also helps optimize your code for better performance. For more details visit https://www.spydra.app Hyperledger Fabric Kamlesh Nagware Prasanna Lohar #blockchain #smartcontract #DeveloperTools

The Future of Fixed Deposits: Did you know that Fixed Deposits (FDs) continue to be one of the most popular investment options in India, with over ₹150 trillion parked in bank FDs as of 2023? Despite the rise of mutual funds and equities, FDs remain a favorite, offering stability, guaranteed returns, and liquidity. What's even more interesting is that nearly 60% of Indian households hold at least one FD, highlighting their role as a trusted financial tool. FDs have traditionally been known for providing safety and steady returns, and they also serve another important function—they can be used as collateral for loans, a process commonly referred to as Loans Against Fixed Deposits (LAFD). This secured loan option offers quick liquidity without the need to break your FD. Why Consider FDs for Loans? 1)Loans against FDs often come at much lower rates compared to personal loans. 2)Your FD continues to earn interest even while securing a loan, preserving the core value of your investment. However, there are a few challenges: 1)If your FD is with a different bank than the lender, the documentation can be tedious. 2)What if you have a ₹1 crore FD but only need a ₹10 lakh loan? Unfortunately, most banks don’t allow loans against a partial amount of an FD, limiting its flexibility. Enter CBDC-Backed FDs India’s Central Bank Digital Currency (CBDC), built on blockchain technology, is changing the landscape. CBDCs allow banks to be interconnected on the same network, making CBDC-backed Fixed Deposits more accessible across multiple banks. CBDC-backed FDs have another exciting advantage: they can be tokenized and fractionalized into smaller portions, allowing borrowers to use only part of their FD as collateral. This opens the door for more flexible liquidity solutions, a significant improvement over traditional FDs. While CBDCs face competition from UPI, their decentralized yet controlled nature offers promising advantages. At Spydra, our platform facilitates the tokenization of various assets, including FDs, using blockchain technology. Several banks have already begun offering CBDC-backed FDs—check with your bank to explore these new possibilities! Kamlesh Nagware Prasanna Lohar Stable Money #fintect #fd #blockchain #fixeddeposit #cbdc #digitalcurrency