On-Demand Applications of Blockchain Technology


Blockchain Technology:
Blockchain is nothing but a collective of nodes that maintains a distributed open ledger. In detail, Blockchain is a peer-to-peer network its purpose is to maintain the data that is stored in an open ledger. Each node on the network has the copies of the ledger that is N number of copies will be there in the ledger.
Why Blockchain Technology:
1. Blockchain technology is that it can be accessed by thousands of people at the same time.
2. As it is a decentralized system it is impossible for hackers to hack.
3. This Blockchain Technology is Immutable.
4. The connected nodes can see updates in the block, but cannot be altered or change any information unless they get approval from the other connected nodes.
Advantages
1. Greater transparency
2. Secured and improved traceability.
3. High speed and reduced costs.
Applications Of Blockchain Technology:
1. Supply Chain - Blockchain Development
2. Banking - Blockchain Development
3. Healthcare - Blockchain Development
4. Insurance - Blockchain Development
5. Aerospace - Blockchain Development
6. Government - Blockchain Development
7. CyberSecurity - Blockchain Development
8. Agriculture - Blockchain Development
9. Travel and Tourism - Blockchain Development
10. Education - Blockchain Development
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