Blockchain Technology is the most ambitious innovation starting to revolutionize the existing record keeping system by improving the security and offering the complete transparency without any hassle. Blockchain technology is changing the World as we speak and it is not only limited to cryptocurrencies rather it has unlimited applications over several domains like Financial markets, Business applications, e-commerce industry, Service sector and much more.
Let's Understand Something About BlockChain Technology:
"Blockchain is an innovative technology which is concerned with creation of a decentralized public records of transactions".
This definition means a public record will be created wherever Blockchain technology will be applied and this public record will remain secured, publicly visible, transparent and the most of the all 'uneditabe'. No one can manipulate the information once being recorded in Blockchain public ledger.
Let's understand it with a brief example:
A person named Martha wanted to send some money to another person named Tom. Now, in blockchain technology, when this transactions happen, a block of information will be generated and get submitted to a Master block of Blockchain Technology. This means, that information will be visible to everyone along with amount and time of transaction which can't be manipulated.
This allows users to transact without the help of an intermediary and securely with high transparency and no hassle.
Now, Let's Talk About IBM Conquering Microsoft At Providing Blockchain Technology Solutions To The General Public
A few days back a survey conducted by a leading marker research firm named Juniper research. This survey is related to Blockchain technology widespread and contribution from many Tech Giants. The survey was named 'Blockchain Enterprise Survey'.
The result of this survey included more than 400 top level executives and many tech companies working for wide spreading of Blockchain technology revealed that IBM aced all other top level executives as well as leading tech companies for the deployment of Blockchain technology solutions to the Whole world.
The leading executives who took part in this Survey was Microsoft, Wipro, Accenture, L&T.
The survey revealed the widespread use and general acceptance of Blockchain technology. Among 400 top level executives who took part in the survey, 67% of them admitted that they have invested more than $100K in this invested technology and remaining 33% revealed that they're going to invest in Blockchain technology before the year end.
If we take a general overview, then this is great news for the Blockchain Technology enthusiasts as well as cryptocurrency lover as more and more people are connecting with this innovative technology and in future we can see an exponential value generated by Blockchain technology along with cryptocurrencies.
Just Hope for a great future.
Thanks for reading ...!!
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That is good news for us all. I spent years in document management (now called knowledge management as it incorporates much more) and retired last week! yes I'm free of having to worry about the whole thing. I always thought IBM was excellent at what it does (Especially when they introduced Watson) and that they are tops in Blockchain technology doesn't surprise me, based on their past history. May they continue to advance!
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Indeed wonderful news @cryptonet ...Bless
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Great post i found it to be quite interesting as well, your journey blogging has only just begun. I wish you all the best for your future endeavors and thank you very much for the post!
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