Blockchain Technology: Revolutionizing Financial Transactions
Delve into the world of blockchain technology, a revolutionary force in financial transactions and technology. Discover the benefits it offers, such as lower costs, increased speed, enhanced security, and more. Explore how blockchain works, its importance, layers, and various use cases across different industries.
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Presentation Transcript
INTRODUCTION TO BLOCKCHAIN UNIT 1
INTRODUCTION TO BLOCKCHAIN Blockchain is the new phenomenon to sweep the world of technology and moreover financial transactions. Blockchain is a technology that can be used for carrying out financial transactions, creating applications as well as a database for your application. Blockchain technology has a lot of advantages like lowering the costs related to financial transactions, elimination of third parties, speed of transactions, reducing the risk of fraud and the flexibility to involve and be a part of the process.
How does a transaction get into the blockchain?
BLOCKCHAIN USES AND USE CASES True Sharing Economy Self-Sovereign Digital Identity Asset Registration Financial Use Cases The Wisdom of Crowds Music Royalties IoT Government Agencies
