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Blockchain Technology

The future of blockchain

Today, society and the global economy are largely dependent on the trust of powerful intermediaries such as banks, government, and large internet companies. Well, in the business world too, some of the largest companies and fortunes are made by businesses that insert themselves in the middle of transactions as trusted intermediaries and as a result extract value from the transactions. They cost a lot and they slow things down – they are too centralized. Blockchain has a different kind of trust. It is decentralized and managed by the public so there is no one entity that can manipulate or control it. That’s what makes it more trustworthy. It is foreseen as the technology to look out for in the future....

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Blockchain: Safe, Secure and Speedy

The beauty of blockchain technology lies in the fact that it allows you to see a verified, accurate and un-tampered with an account of transactions. These transactions could be payments, but not necessarily. They could be simpler exchanges of information too. This technology has been around for a couple of years and basically shares a record of transactions that are maintained on a network of computers on the internet – rather than a centralized authority. When this technology is used on a large scale, however, especially in corporate, it raises question marks over whether it can cope with the increased volumes on a daily or even hourly basis with the same veracity. The blockchain technology is only as valuable as...

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