Blockchain is the technology that is capable of encrypting information in a more secure and
transparent way that doesn’t require any central authority or intermediaries to validate its
The third party that provided the trust service against a transaction is now done away with in many areas on the digital ecosystem by this nascent technology.
Let’s explore some of the application of blockchain technology.
Making international transfers, insurance, easy and secure citizen service and cryptocurrency applications are just the tip of the iceberg. It holds lot of promise in banking and payment, cyber security, supply chain management, forecasting or prediction markets, networking and internet of things, insurance, private transport and ride sharing, cloud storage, charity, voting, government operations, public benefits, health care, energy management, online music, retail, real estate, crowd funding and finally, your industries. Let us see one of the application areas in detail.
Bitcoin, the most significant application of blockchain technology allows anyone to securely send money to anywhere in the world faster and with a very low expense.
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Please check the following infographic and share your thoughts.