Informative Article | Management | India | Volume 8 Issue 1, January 2019
Blockchain Technology has the Ability to Change the Face of New Business
Dr. Ravikumar, Omprathap Velu
Block chain Technology first emerged as the system underpinning bit coin, it is also known as distributed ledger technology (DLT), a shared record of information that is maintained and updated by a network of computers rather than a central authority. It is protected and secured by advanced cryptography. At basic level block chain is a digital platform for recording and verifying transactions. User A wants to send money online to user B this transaction is called a block, this block is broadcasted across the transaction network for verification by Peers, the peer-verified blocked is added to an unbreakable, un-hack able chain of other verified block. This chain provides a transparent record of transactions, now that the transaction is verified and recorded, the money moves from user A to user B. This paper will help you understand the technology and visualize its business implication in the present &future.
Keywords: Block chain, Block, Bit coin, DLT and Cryptography
Edition: Volume 8 Issue 1, January 2019
Pages: 606 - 608
How to Cite this Article?
Dr. Ravikumar, Omprathap Velu, "Blockchain Technology has the Ability to Change the Face of New Business", International Journal of Science and Research (IJSR), https://www.ijsr.net/search_index_results_paperid.php?id=ART20194263, Volume 8 Issue 1, January 2019, 606 - 608
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