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Blockhain Technology

OVERVIEW

Blockchain technology one of Emerging Technology Services has already shown incredible ways to enable secure, anonymous, and transparent validation of transactions. The decentralized and distributed nature of blockchains gives a strategic and competitive advantage for many industries. Undoubtedly, blockchain is the way forward for disruptive innovation.

DESCRIPTION

Blockchain is a distributed peer-to-peer network which records transactions and assets on a business network. A block is a record of new transactions. Each block typically contains a cryptographic hash of the previous block, a timestamp and transaction data. Once each block is completed, it is added to the chain, creating a chain of blocks: a blockchain.

Blockchain is "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way". Many experts consider Emerging Technology Solutions such as Blockchain an effective alternative to conventional banking where users can eliminate the need of financial institutions to transfer money. Size of the blockchain technology market worldwide from 2016 to 2021 (in million U.S. dollars)

According to statistic, the market for blockchain technology worldwide from 2016 to 2021. In 2017, the global blockchain technology market is predicted to reach 339.5 million U.S. dollars in size and is forecast to grow to 2.3 billion U.S. dollars by 2021.

SUMMARY

Smart Contracts or your own blochain for any industry or guidance on distributable ledgers

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