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What Blockchain means for Your Business? Blockchain Technology has gained immense media space. It is certainly one of the most important innovations of last century. Well, it is not just meant for a smooth financial transaction, it is has a lot of potentials to support different industries. Here, we are talking about some basics which all businesses need to know about blockchain technology. What is a Blockchain Technology? In simple words, Blockchain technology is an incorruptible digital ledger which can be programmed to record not just financial transactions but every virtual valuable document.
Blockchain’s journey is remarkable. In last two years, it has successfully built trust with accountability and transparency. And it is slowly evolving as the next generation’s transaction system. The concept of ‘smart contracts’ is renewing the business and transaction models as well.