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1. Block Chain ­ Securing Data in Modern Age.
Let's start with an Old chest of gold – the one who found it owns it but
what if the content of the chest was only to be opened by a set of unknown
individuals, who indirectly keep a check on the use of the content of the
chest. It would certainly be inconvenient for the new owner to use the
content of the chest but it is certainly very secure for the one who would
buy the contents of the chest from the new owner. Along with this, the
security gives the new user the true validation of the content of the chest
and he can trade this chest on right value with no questions asked.

2. Well now let’s replace this Chest with a set of code that keeps a collective
database that is self reliant and self descriptive. This database acts as a
matrix that receives, accepts, denies, records and validates all the changes
in the database. Each set of database interacts with the other and does all
these function for each other, thus making the use of these data structures
very secure and remove the scope of exploitation. The single set of data
base is called a block of functional information and the following blocks of
information are the supporting set of blocks/information that authenticates
the original block. This set of Genesis block along with the following series
of blocks is called a blockchain.
Thus a blockchain is a set of multiple transactions and accounts with multi
party authenticity instead of one central agency or domain verifying the
accuracy of the content in the specific blockchain. Thus multiple parties
are linked to one Blockchain or Code Set which check and approve the
revision and transfer of the blockchain.
The future of blockchain is very promising and is going to change the way
we secure our data and develop the IT structures. We at Nestset are helping
the agencies worldwide that use the blockchain technology for data
security and fragmentation. To now more drop us an email at
direct@netsetsoftware.com