Blockchain technology can be described as three Ds – Digital, decentralised, and distributed. With that, It is a decentralised public ledger consisting of data blocks, holding transactions digitally. One great thing about blockchain technology is that the working procedure does not require any form of prominent authority like a bank or any other financial firm. It works independently and is a contemporary way of performing transactions and logging data online.
Blockchain technology works like a miracle for people who think critically about the present banking system in their respective countries. For a fact, banks or any other form of authority works as a third-party in a payment process and reduces chances of getting potential investors. In the case of blockchain, the two-party system enables a trusted portal for the sender and the receiver only. Higher security, trustworthy portals, profile-building are some key factors of blockchain. Apart from currencies, blockchain is used…