Block chain

A blockchain is a public ledger of all bitcoin transactions that have ever been executed. A block is the “current” part of a blockchain which records some or all of the recent transactions, and once completed, goes into the blockchain as permanent database. Each time a block gets completed, a new block is generated. Blocks are linked to each other (like a chain) in proper linear, chronological order with every block containing a hash of the previous block. To use conventional banking as an analogy, the blockchain is like a full history of banking transactions.

Blockchain will play an Imperative Role in Capital Markets:

Blockchain technology has been acknowledged as one of the most disruptive innovations since the advent of the Internet. The financial industry has also started looking to leverage it to store and transfer its value to other financial instruments. Capital Markets is one such industry in the financial space where industry experts are optimistic about the use of blockchain technology.

How Does Blockchain Work?
  • This record is referred to as a “ledger” in the cryptocurrency world, and each dataexchange is a “transaction“. Every verified transaction is added to the ledger as a block.
  • It utilizes a distributed system to verify each transaction a peer to peer network of node.
  • Once signed and verified, the new transaction is added to the blockchain and can not be altered.

  • Blockchain Technology In Various Industries:
    Blockchain Technology can be utilized in multiple industries including Financial Services, Healthcare, Government, Travel and Hospitality, Retail and CPG. Financial.

    The Blockchain Technology is both intriguing and exciting. Could it be the revolution that gurus predict? Or is it just a speculative bubble based on an impractical idea? After reading a lot on the matter, we couldn't form a definitive opinion.