logo
  • Login

Adventure

Art

Baby

Beauty

Business

Car

Career

Cat

Celebrity gossip

Craft

Decorating

Design

Diy

Dog

Economics

Education

Entertainment

Fashion

Film

Fitness

Food

Gaming

Green

Health

History

Home decor

Humor

Law

Lifestyle

Makeup

Marketing

Medical

Men's fashion

Mom

Money

Money saving

Movie

Music

Nature

Outdoor

Parenting

Personal finance

Pet

Pet finance

Photography

Political

Real estate

Relationships

Science

Self-help

Sewing

Shopping

Social media

Sports

Technology

Travel

University

Wedding

Wine

Digital marketing

Cryptocurrency

True crime

Justice

Programming

Philosophy

Comics

Women

Basic income

Addiction

Masculinity

Style

Psychology

Space

Privacy

Fiction

Data science

Blockchain

World

Visual design

Spirituality

Family

Work

Math

Media

Books

Tv

Poetry

Environment

Podcasts

Cities

Mental health

Productivity

Language

Machine

Learning

Lbgtqia

Politics

Self

Internet culture

Accessibility

Sexuality

Culture

Future

Magazine

Writing

Economy

Creativity

Religion

Gadgets

Startups

News

Psychedelics

Neuroscience

Ios dev

Artificial intelligence

Self-driving

Software engineering

Android dev

Wellness

Freelancing

Gun control

Cyber security

Disability

Ux

Leadership

Javascript

Transportation

Equality

Engineering

Motivational quotes

Mehndi design

  • Technology

Blockchain

A brief introduction to one of the trending technologies- Blockchain

  •  May 31, 2019
  •  Himanshu Sharma()
  •  0 comments

Hello everyone, today we will be briefing about yet another popular technology- Blockchain.

 

“A blockchain, originally block chain, is a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (generally represented as a Merkle tree).”                                                           -Wikipedia

 

Simply, Blockchain is the technology that covers digital currency (like Bitcoin, Litecoin, Ethereum, and others). This technology allows digital information to be distributed, but not copied. That means each piece of data can only have one owner.

Why Is It Called Blockchain?

A block is a record of new transactions. When a block is completed, it's added to the chain.​​​​​​​​​​​​​​ So , Blockchain is a way to save data and make it immutable. That sounds great, but the big question, of course, is: how does that work?

The need for Blockchain?

  • Blockchain will enhance the reach of a businesses

  • It will ensure swift transactions

  • Blockchain highly restricts frauds

  • Blockchain is reliable and transparent

  • Immutability

  • It is Cost effective

The distributed ledger technology used in blockchain offers multiple benefits to businesses that make a difference when implementing a solution that requires a high degree of trust for business transactions.

Blockchain can process transactions faster because it doesn't use a centralized infrastructure. The distributed nature of blockchain provides a huge level of trust. The unchangeable property of blockchain and its public availability among its users, whether in a public ledger or a private one, provides transparency. Any user of the system can query transactions on a real-time basis.

In short, by adopting Blockchain people across the world can say goodbye to the middleman, dependence on banks, legal agencies, and hackers.

Uses of Blockchain Technology-

  • Payments: Cross-Border Payments

  • Unconventional money lenders/ hard money lending

  • Your car/ smartphone

  • Blockchain Internet-of-Things (IoT)

  • Smart Appliances

  • Blockchain Healthcare-Health care providers can leverage blockchain to securely store their patients’ medical records.

  • Blockchain music

  • Public value/ community

  • Blockchain Identity

  • Passports

  • Birth, wedding, and death certificates

  • Personal Identification

Future of Blockchain

The future of finance could be dominated by blockchain technologies. The future of security is in the blockchain because the current methods of keeping the data are not reliable enough. Blockchain is the revolutionary tech of the future, for future security aspirants, it will be the best for them to understand the working of blockchain.

  • #blockchain #trending #technology #science
  •    0
  •  0
Himanshu Sharma
Blogger|Freelance Writer
0 Comments

Related Blogs
10 Things Customers Want on a Website
1901 views
6 Key Elements to a Good Website
1601 views
Top 10 Benefits of Having a Website
1320 views
Does Your Site Have What It Takes?
1107 views
Blockchain
1095 views
Resumptive Revolution in Indian Market
1065 views
Most Demanded Courses in Winter Training 2019
1000 views
How Get Doorstep Mobile Repair Service ?
964 views
An excellent site is essential for a business enterprise. Why?
948 views
How much does it cost to Repair a Laptop in Cardiff?
935 views
Follow Us
logo
Quick Menu
  • Profiles
  • Events
  • Campaigns
  • Business
  • Forum
Hot Links
  • Privacy Policy
  • About Us
  • Meet the team
  • Writing Guidelines
  • Report an issue
​
Manjeet R. Chauhan
Post Graduate with MCA. Working in IT Software Company.