Block-chain is the buzzword in the tech world. Invented in 2008 by satoshi Nakamoto fo use in the cryptocurrency Bitcoin, as its public transaction ledger. Given the buzz around blockchain and the rapidly incleasing value of Bitcoin. It is important to decipher the concept of Blockchain.
For all thos wondering what is Blockchain, simply it a concept “A blockchain is adigital, distributed transaction ledger, with copies maintained on multiple computer system controlled by different entities.”
MANUFACTURING
The use of QR and bar code is growing at rapid speed in the industry to identify products.
ENTERTAINMENT
Blockchain can help musician, artists and creative professionals handle digital rights and assign revenue shares to contributors for the creative processes.
HEALTHCARE
Blockchain technology has potential to transform healthcare, placing patient care at the centre of healthcare ecosystem.
RETAIL
Retailers are now recognizing the power of blockchain’s transformational ability to streamline efficiency and enable supply chain collaboration. However, most are still working to harness its potential inside their four walls an beyond.
SUPPLY CHAIN MANAGEMENT
With blockchain technology, transactions can be monitored in secure and transparent manner minimizing chance of human error.
CONCLUSION
Blockchain technology one of the emerging technology service has already shown incredible ways to enable secure , anonymous and transparent validation of transactions. The decentralized and distributed nature of blockchains gives a strategic and competitive advantage for many industries. Undoubtedly, blockchain is the way forward for disruptive innovation.
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