Uses of Blockchain Technology
- Payments: Cross-Border Payments
- Blockchain Internet-of-Things (IoT)
- Smart Appliances
- Blockchain Healthcare-Health care providers can leverage blockchain to securely store their patients’ medical records.
- Blockchain music
- Personal Identification
- Birth, wedding, and death certificates
- Passports
Blockchain in Brief
Blockchain is the technology that covers digital currency (like Bitcoin, Litecoin, Ethereum, and others). This technology allows digital information to be distributed and decentralized, but can’t be manipulated. That means each data piece can have only one owner but many holders of the same data. It is a distributed immutable ledger that is completely transparent, decentralized, and immutable.
Blockchain is a block that is a record of new transactions. When a block is completed, it’s added to the chain. So, Blockchain is a way to save data and make it immutable. That sounds great, but the big question, of course, is: how does that work? The work is quite complex, you can check Wikipedia for this.
Table of Content
- What is the Need for Blockchain?
- Uses of Blockchain Technology
- Blockchain mining
- Why it is almost impossible to hack the blockchain?
- Future of Blockchain: