Building Trust with Blockchain Technology
Blockchain ( Building Trust ) Blockchain is a foundation technology like the Internet - a big system on top of which you can build applications. It will disrupt the business process and eliminates the middleman. The technology cut a process that normally takes a long time. The real value of blockchain is that it renders intermediaries obsolete. They make a living off being a third party that establishes "Trust" between parties unknown to each other. It replaces this middleman. This is the main reason business firms are investing in blockchain. Let's understand what is blockchain and how it works & What Industries Could blockchain disrupt? What is blockchain? A blockchain is a type of distributed ledger in which value-exchange transactions are sequentially grouped into a block. Each block is chained to the previous block & immutably recorded across a peer-to-peer network using cryptographic, trust & assurance mechanisms. It is an ope...