Blockchain Technology: An Overview

Abstract

Change is inevitable in the field of technology and it is what has kept us going to for so long. Digitization has made lifestyle faster, easier and much more efficient. Organizations developed technologies with much higher productivity than their traditional methods. Let us consider the data collection, storage and transmission methods. It provided a much consistent and dependable database management system over the traditional file system. And every day the technology keeps on advancing to a better version of itself. Blockchain Technology is such an example of advanced technological innovation that has provided a whole new branch of technical solutions with much higher productivity. It also introduced a new style of business with cryptocurrencies that have high security due to advanced cryptography.