Understanding the Blockchain Technology

What is the blockchain?

First introduced in 2008 with bitcoin, the blockchain is now a great help to financial transactions. It is indeed a technology that can store and transmit digital currencies. It operates without a central control body but allows exchanges to be seamless and in the most secure way. It will be said that a blockchain is a database. It can perfectly contain the history of all transactions that have been made between its users since its creation.

How it works ?

Whether public or private, a blockchain necessarily works with bitcoin or other programmable currency. So you can understand that the two terms do not mean the same thing.

What is the interest of the blockchain?

The usefulness of the blockchain is still dark in the eyes of some. However, it represents a true revolution whose time will spread all its benefits. Indeed, the fields of exploitation of this technology are immense. These include:

  • banks
  • insurance companies
  • land titles
  • pharmaceutical industries
  • social networks

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Founder of TechGrits, Author of The Game of Digital Marketing, Digital Marketing Consultant

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Shivam Singh | Digital Marketing Specialist

Shivam Singh | Digital Marketing Specialist

Founder of TechGrits, Author of The Game of Digital Marketing, Digital Marketing Consultant