A look at Blockchain and its Potential
Blockchain is a new buzzword in the domain of technology. This distributed, decentralized digital ledger allows data transfer or exchange without the requirement of a central repository. The cryptographically secure decentralized digital public ledger makes the data transferred immutable. This is why Blockchain has the capability to revolutionize the future of finance and many other industries.
Slowly but steadily, Blockchain is fast stamping its authority in a variety of other industries as well. The list of examples includes healthcare, education, hospitality, social media, digital marketing, and aviation. Even some governments are also interested in exploring its potential.
Moreover, businesses like Amazon, eBay, Microsoft, Walmart, IBM, FedEx, MasterCard, Bank of America, Huawei are already hiring experienced Blockchain developers because of its features like significantly less transaction cost, transparency, decentralization, user control network, easily traceable, and affordable management of supply chain and a lot more.