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what is blockchain technology (1)

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Technology is moving at rapid speed. If you are still glued to editing JAVA codes or empowering yourself to learn Adobe and related products, you are probably living in the past where there is a dearth of employment opportunities. Things have probably changed and for better. If you are still serious about your career in the field of IT, you should take up blockchain course in Mumbai. – PowerPoint PPT presentation

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Title: what is blockchain technology (1)


1
What is Blockchain?
2
  • Blockchain is a distributed ledger technology
    that offers a transparent and secured way to
    conduct the business with information stored on
    shared and reconciled database. As per the
    survey, more than 62 of the executives believe
    that blockchain is a disruptive technology and
    has the power to make a great impact. More than
    54 of the executives believe that new business
    models will influence block chain technology and
    in many sectors are ready to adopt commercial
    blockchain within the next three years.

3
Never Underestimate The Influence Of Blockchain
Technology
  • With the growth of the World Wide Web, Blockchain
    certification offers immense potential. This
    technological evolution is not limited to the
    financial world or banking landscape, its
    footprints are expanding. This blog will provide
    you with five reasons why this technology has
    become powerful or why today the people prefer to
    comply with Blockchain training in Mumbai.

4
Decentralized System
  • The main reason why scams happen in the financial
    world is no one is ready to take the
    responsibility. The banks owe RBI responsible for
    the policies and RBI or central authorities hold
    the bank responsible for not being vigilant
    enough. But with the help of this technology,
    everyone in the eco-system becomes equally
    responsible for the growth or downfall of the
    system.

5
Secured access
  • Another reason why this technology holds an
    immense potential is because the technology works
    on the concept of the open ledger which is easily
    accessible to everyone associated in the system.
    Once you join the network, you can have an access
    to an entire list of a transaction. Nonetheless,
    this can be one more reason why Block Chain
    certification in Mumbai is in demand.

6
Every transaction is verified
  • Every transaction is cross-verified using a
    ledger and the validation message is sent to the
    user within a fraction of few seconds. Through
    the usage of complex encryption and hashtag
    algorithm, the chance of double spending is also
    reduced.

7
Fewer transaction charges
  • The reason why any technology fails to evolve is
    high transaction charges, but Blockchain
    technology doesnt attract the charges and in
    certain variants of Blockchain only minimal
    transaction fees are charged.

8
Cross-Border Payments
  • Block Chain technology has the potential to offer
    faster and alternative method to traditional
    cross-border payment method. The transaction
    costs might be as high as 20 of the transfer
    amount in the case of banks, but if you adopt
    this technology the cost is reduced to 2.

9
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  • Call 098708 03004 / 5
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