What is Blockchain ?

A decentralized, distributed ledger technology that records transactions securely and transparently. Key features of blockchain are Immutable records, Peer-to-peer validation and Decentralized control.

How Blockchain Works ?

A transaction is requested. It is broadcast to a network of computers (nodes). The network validates the transaction. A new block is added to the chain. The transaction is complete and stored permanently.

Challenges with Traditional Systems

Traditional systems require a Central Authority. They require lack of trust. They require a third party verification like a Central Authority. Where as in blockchain all transations are decentralised. Each transaction in a blockchain network triggers a transition from one state to another, ensuring the integrity and continuity of the ledge. Blockchain technology promotes data immutability and integrity and offers safe and effective workflow automation.

Enhanced Security and Efficiency of Blockchain

Blockchain technology enhances efficiency across various sectors by streamlining processes, improving transparency, and reducing costs. blockchain significantly reduces overhead and transaction costs, and reduces or eliminates the need for third parties or middlemen to verify transactions.