WHAT IS BLOCKCHAIN TECHNOLOGY?
The Blockchain Technology is the next ‘big thing’ to revolutionize every key aspect in IT industry that is a distributed ledger platform to hold transactions in an encrypted and secured manner. Blockchain is a series of divided blocks across the network and chained together to offer and highly-advanced, secure, and reliable to record digital information.
Blockchain technology conducts tamper-proof trusted and secured transactions that are. Although, originally it was designed to support Bitcoin, the trading of digital currency. Along with preventing modification of data inside these blocks, Blockchain technology also eliminates the need for intermediary organizations, banks, financial institutes and much more. The Blockchain has the potential to change the way business operates, with an aim to save the transactions more reliably and securely.