Blockchain Technology | Amit Modi

Blockchain is an emerging way for businesses, industries, and public organisations to almost instantaneously make and verify transactions—streamlining business processes, saving money, and reducing the potential for fraud. At its core, a blockchain is a data structure that is used to create a digital transaction ledger that, instead of resting with a single provider, is shared among a distributed network of computers.
The result is a more open, transparent, and publically verifiable system that will fundamentally change the way we think about exchanging value and assets, enforcing contracts, and sharing data across industries. The applications using blockchain are almost limitless, ranging from loans, bonds, and payments to more efficient supply chains to even identity management and verification.


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  2. karunya

    Blockchain is a technology that has got its own importance in providing security to data which is stored inherently in blocks which resists for any modifications by the unauthorized sources. Its increased importance is due to all digital transactions. Not only the transactions there is a lot of data generation through different mediums which has to be stored safely for analysis

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