Global Journal of Innovation and Emerging Technology

A New Era of Automated Market-Makers (AMM) powered by Non-Fungible Tokens- A Review

Vimal Gupta — 2023-01-20

The most well-known cryptocurrency, Bitcoin, is one of many that are sweeping the globe. Along with them, fungible tokens traded on numerous centralised or decentralised exchanges are different from non-fungible tokens traded on NFT marketplaces. The majority of NFTs are currently digital, and in the future, producers may innovate in this area to allow for more innovative user experiences. The blockchain and its NFTs can provide fantastic chances for artists and content producers to profit from their work. The NFT Marketplace intends to be at the centre of all these fantastic use cases for NFTs by giving users a platform to produce and exchange non-fungible tokens. NFTs offer a wide range of application cases. Automated Market Makers, which are essentially decentralised markets for crypto-tokens and offer users three core operations—depositing crypto tokens in exchange for AMM shares, performing a dual operation in which shares are obtained in exchange for base tokens, and exchanging two tokens for one another—are some of the main applications of DeFi. This conceptual research discusses AMMs that are already in existence on the Ethereum blockchain and their developments, including the AMM that is now being created on the Tezos blockchain. The goal of this study is to present a thorough understanding of blockchain technology and all of its practical uses, including voting, trading NFTs, etc. It then focuses on how NFTs are traded on various platforms before aiming for improved NFT trading marketplaces, namely Automated Market Makers on various blockchains like Ethereum and Tezos.

Crowdfunding using Blockchain Technology: A Review

Vimal Gupta — 2023-01-20

Crowdfunding is a method of obtaining money for a project by asking a lot of people for modest donations, usually online. Nowadays, the biggest issue with crowdfunding is the trust component. People are reluctant to donate because of the increasing number of frauds that are occurring today. However, if donors could be assured that their money would be put to good use, donations may rise significantly. The need to employ blockchain in crowdfunding arises here. With the blockchain system, transactions are tracked over a network of computers that are connected to one another. This essay discusses the shortcomings of the present crowdfunding systems in use and makes recommendations for how to make things better.

A methodology for Answer-Based Subjective Online Examination System

Vimal Gupta — 2023-01-20

Both computers and the internet have ingratiated themselves deeply into daily lives, freeing one from a lot of paperwork. The assessment of a student is also an essential component of the work because it shows how well-versed and knowledgeable a student is in a certain area. Students who employ traditional methods of assessment may do it in an unfair manner. The assessment of students' response sheets would be handled by various universities and institutes with the use of automatic agents that evaluate the answers. The study outlines a method for assessing students' descriptive responses. The suggested approach will automatically compare students' responses to expected responses. Therefore, the inference process necessary for the construction of such a system is the subject of this paper. For one word and one-sentence-based answers, this system is workable. For implementation, WordNet and WordNet handling APIs like RiTa are employed along with Java.

Design of Road surveillance system for low visibility, bad weather and emergency situations

Shubham Shakti — 2023-01-20

Traffic accidents are major causes of death and disability worldwide. Lack of visibility due to Fog and darkness are main causes of accidents. These accidents may turn into fatalities and long traffic jams if proper actions are not taken. In this paper we initially review the accident data and scenarios and then propose a road surveillance system in low visibility and emergency. This proposed system that mainly performs three tasks as turning ON road-alert lights, if a vehicle unexpectedly stops on road-side due to any technical fault or accidents. This will help upcoming vehicles to have prior information of unexpectedly stopped vehicle that will reduce accident due to vehicles collision, other side turning ON road-street lights automatically with darkness detection. This will reduce accident by improving visibility in night or fog and Send Emergency Notification to the control room if vehicle remain still for more than 20 seconds. This will help in taking proper and timely action in case of emergencies avoiding fatalities and traffic jams for hours. The system is based on Arduino and GSM module and tested for each of the three scenarios (fog, darkness, emergency). The result shows that the proposed system worked efficiently in each condition and can be used to improve traffic safety.

SMART KITCHEN USING IOT

Bhawana Bharti — 2023-01-20

The purpose of this paper is to highlight the many features of the Internet of Things and their relevance in the smart kitchens. By different technologies and their applications smart kitchens have been covered. Different types of appliances have been described, as well as their applications in the smart kitchen. In recent years, the number of kitchen-related issue has been increased in domestic kitchen as well as commercial kitchens. Integrating IoT technology can keep away from these types of situation, such as remote monitoring of the entire kitchen via applications, messages, Gmail, Bluetooth, and Wi-Fi. Both hardware and software will be used for making smart kitchen. On the hardware part MQ2(Gas) sensor, Pressure sensors, DHT11 sensors, IR sensor is used in this. An integrated cloud application as well as a mobile app were used in software. For cloud data transfer, all of the sensors will be attached to an Arduino Uno board, and the software and coding will be handled by Porteous. By implementing the smart kitchen, it can be help people to make life easier in this busy world.