Before knowing about the importance of blockchain technology, you should know about What is Blockchain Technology?
The blockchain is an ingenious invention and it is changing the way of business process and most of the businesses are just getting started with blockchain technology. If you’re looking to learn about blockchain technology, Blockchain development and how to turn your industry into blockchain technology, then you’re in the right place.
Blockchain has rapidly grown from an esoteric technology to the forefront of R&D for major financial institutions, governments, universities and multinational corporations.
This guide is designed for product managers, founders, entrepreneurs, innovators, and developers looking to learn how blockchain development works, how to incorporate blockchain into their businesses and what’s needed to start a blockchain project right now.
So, what is blockchain?
The Blockchain technology is a digitally distributed ledger system that means that the storage devices for the database are not all connected to a common processor. Blockchain simply refers to a type of Decentralized, massive, transparent and immutable database. it allows untrusted parties to reach consensus and transact without the need of a centralized intermediary.