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How Blockchain is The Future Of Technology

We are living in an era where every change is driven by technology. There are so many developments taking place, but amidst all this development, there is also a need for technology that is safe and guarantees the faster exchange of information. In 2009, the world got to know about Blockchain. It is a distributed ledger technology that started its journey as the underlying framework for Bitcoin exchange. However, over a period of time, Blockchain underwent transformations, and today we find a multitude of use cases of Blockchain technology.

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How Blockchain is The Future Of Technology

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  1. 1 Copyright © Blockchain Council www.blockchain-council.org

  2. How Blockchain is The Future Of Technology We live in a time when technology is driving all changes. There are so many changes happening, but in the middle of it all, there is a need for technology that is secure and allows for quicker information sharing. The world first learned about Blockchain in 2009. It is a distributed ledger technology that began its life as the foundation for the Bitcoin exchange. However, Blockchain has developed over time, and there are now a plethora of applications for the technology. 2 Copyright © Blockchain Council www.blockchain-council.org

  3. What is Blockchain? It's a peer-to-peer interaction-based distributed ledger technology. It aims to create a transparent infrastructure that is free of data theft and security breaches. Since all of the information on Blockchain is cryptographically encrypted, it has emerged as a viable choice for safe data storage. Here is why Blockchain is the future of technology: Blockchain has a number of characteristics that make it an ideal medium for data storage and monetary exchange. The following are some of the main features that make it the technology of the future: 3 Copyright © Blockchain Council www.blockchain-council.org

  4. 1. Encryption of data- The first thing we want to emphasise is data protection. When our reliance on digital platforms grows, so does our vulnerability. Traditional digital channels are not as secure as they seem to be. All of the data is stored in the virtual world and is easily available, but we can solve this problem with Blockchain. Blockchain facilitates data encryption, and each piece of data is registered in the ledger as a block. These blocks are also connected to one another. As a consequence, any change in one of the blocks will cause changes in the others. This is how the security offered by Blockchain will support other digital platforms. 4 Copyright © Blockchain Council www.blockchain-council.org

  5. 2. Faster operation- One of the most notable characteristics of Blockchain is that it does not require third-party validation and approval. In that case, the two communicating parties have a clear connection. This increases the system's transparency and speeds up its operation. The validation time is cut in half. This Blockchain feature can help the banking and financial systems become more effective by allowing for faster transactions. 5 Copyright © Blockchain Council www.blockchain-council.org

  6. 3. Traceability- Retailers, supply chain firms, logistics companies, and others can benefit from Blockchain's traceability functionality. Data tracking is a major issue, and traditional platforms aren't very user-friendly, but with Blockchain, we can easily solve all of these problems. Every piece of data in Blockchain is modified in real time, and changes are easily replicated throughout the system. 4. Accessibility of information- It is critical for businesses to invest in an open infrastructure that allows information to be accessed from any location. Blockchain isn't based on just one node. Rather, the information is disseminated, making it easier for the user to receive it. 6 Copyright © Blockchain Council www.blockchain-council.org

  7. 5. Universal infrastructure- Another advantage of Blockchain is that it provides a universal infrastructure that can be used across industries. Because of these advantages, Blockchain is projected to expand at a staggering rate of 67.3 percent between 2020 and 2025. And if you want to become a Blockchain expert as well, now is the time to get started. Become a member of the Blockchain Council to receive the Blockchain certification. 7 Copyright © Blockchain Council www.blockchain-council.org

  8. Blockchain Council Certifications You can check out our certifications, and kick start your career in the Blockchain space today. ● ● ● ● ● Certified Blockchain Expert Certified Blockchain Developer Certified Smart Contract Developer Certified Solidity Developer Certified Ethereum Developer 8 Copyright © Blockchain Council www.blockchain-council.org

  9. THANK YOU! Any questions? You can mail us at hello@blockchain-council.org 9 Copyright © Blockchain Council www.blockchain-council.org

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