UPDATE
Benefits of Blockchain
Blockchain seems to be the big issue in todays society yet, what exactly is blockchain technology and what is it capable of? Blockchain in simple terms is basically a distributed ledger where encrypted data and records are duplicated and reproduced between its contributors or nodes. It also cannot be altered or deleted making it different from the technology that was existent in the past.
Initially, its life changing technology. There is so many reason that we can say that blockchain is life changing technology. Blockchain provides protection from manipulation with information. Actually, it is extremely safe. It offers great amount of security and excellent transparency. When we look this kind of reasons, we can definitely set that its changing technology. Moreover, Its decentralized nature and the fact that a hacker or bad person can not enter the system.
Also, the infrastructure of high performance computers is complex and expensive. It is requiring expertise to operate them and separate human resources for management operations. If we consider these things, to solve all of problems, we need blockchain technology. It is using peer to peer to systems that is solve the problem of centralization.
Consequently, blockchain is useful in many ways. We should take it chance to take advantage of this technology. Many companies already start to use this technology in their business. Blockchain technology has the potential to develop all of businesses. Furthermore, we can say that blockchain data is complete, consistent, timely, accurate and widely available.