Blockchain

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Blockchain is creating extraordinary opportunities for businesses to come together in new ways

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Blockchain is the new way of security solution

In its original form, Blockchain is a distributed database technology that builds on a tamper-proof list of timestamped transaction records. Among others, it is used for cryptocurrencies. Its innovative power stems from allowing parties to transact with others they do not trust over a computer network in which nobody is trusted. This is enabled by a combination of peer-to-peer networks, consensus-making, cryptography, and market mechanisms.

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Advantages of blockchain technology

  • It’s distributed
  • High Level of security
  • Hacking threat reduced
  • Transparency of transactions increased
  • No payment for intermediaries’ services
  • Different levels of accessibility
  • Faster transactions
  • Automatic reconciliation of accounts