Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain.

Blockchain is a better, safer way to record activity and keep data fresh, while maintaining a record of its history. The data can’t be corrupted by anyone or accidentally deleted, and you benefit from both a historical trail of data, plus an instantly up-to-date record

Blockchain applications go far beyond cryptocurrency and bitcoin. With its ability to create more transparency and fairness while also saving businesses time and money, the technology is impacting a variety of sectors in ways that range from how contracts are enforced to making government work more efficiently. Some of its applications are:

  • Secure sharing of medical data
  • Music royalties tracking
  • Cross-border payments
  • Real-time IoT operating systems
  • Personal identity security
  • Anti-money laundering tracking system
  • Supply chain and logistics monitoring
  • Voting mechanism
  • Advertising insights
  • Original content creation
  • Cryptocurrency exchange
  • Real estate processing platform
  • Payment System
  • Cloud Storage