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Showing posts from February, 2017

Blockchain, Where can it be employed

Although Blockchain Technology was created in 1991, it stayed in shadows until in 2009 when Satoshi Nakamoto published his white paper on Bitcoin, which worked on Blockchain Technology. Since the majority of people thought that Blockchain can only be used for Cryptocurrencies. But Blockchain is more than just Cryptocurrency. The main function of Blockchain Technology was to Timestamp documents so that they cannot be tampered with. Let us go through the fields where Blockchain can be employed for to make the process productive and secured. Banking Banking field is one of the most important and clumsy field we depend on every day. Banks are always busy with a lot of paperwork and manual uploading of data and lot of other stuff. It is a place where everyone tries to fraud or hack into it. The introduction of Blockchain Technology into banking sector will solve most of the present day issues and make it more secured. But in this sector, the Blockchain is centralize