What is a Blockchain and it’s applications
CS Electrical And Electronics Staff asked 1 year ago
Hey, Guys, Do you Know?
What is Blockchain? And Applications Of Blockchain?
Well, let me explain.
It is the latest technology where the data is stored
in verified, unchangeable, tamper-proof, and immutable ways
in a decentralized distribution network(which means data is stored in many systems).
In today’s world, the internet is hackable and the tempering of data is possible,
but these things can be avoided by using blockchain technology.
In the blockchain, once the data is stored it can not be changed again.
Blockchain gives us only two options create and read,
we can add new data into records and we can read the data.
Let’s see the applications:
It is used in Cryptocurrency (Bitcoin, Ethereum, altcoin, litecoin).
Used in the smart contract (It is handled autonomously by the fulfillment of a contract without needing a third party).
It is also used in digital voting.
Government registration of land.
Transportation and supply chain management.
And in many places where data need to be stored permanently.
That’s All
Thanks for watching