The document outlines the five main principles of blockchain technology: peer-to-peer networking, elimination of third parties, time-stamping for data integrity, decentralization of information, and cost-effectiveness by reducing intermediaries. These principles contribute to the technology's increasing popularity across various sectors, prompting a demand for blockchain expertise and certifications. It concludes with a promotional note for blockchain certification programs offered by the Blockchain Council.

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5 Main Principles of Blockchain technology
Blockchain technology doesn’t need any introduction today. A term that was once alien
has now received accolades from people across the globe. Every company and investor is
talking about this technology. Blockchain started its journey as an underlying technology
for Bitcoin exchange, and over the years, it has garnered so much attention. From
students to working professionals, everyone is speaking about Blockchain; so what makes
Blockchain so alluring, for this, you need to know about the principles of Blockchain
technology.
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5 principles of blockchain technology:
1. Peer-to-peer network- The first principle is that Blockchain works on peer-to-
peer interaction. It means that the interested parties directly interact with each other via
a Blockchain platform.
2. No third-party- Taking a cue from the above-mentioned point, we want to
discuss the second principle of Blockchain, and that is no third-party investment. It
means that two parties directly connect with each other without depending on a third
party for validation and verification. With lesser third-party involvement, it becomes
easier for the buyer and seller to interact and execute transactions without any delay.
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3. Time-stamping- The next important feature that Blockchain brings forth is
time-stamping. Any information that gets an entry in the DLT is time-stamped. With this,
it becomes easier to track and trace the information. One can easily track the data or
information. This has become a helpful tool for companies to track and trace
information. Moreover, each information or data is stored as a block, and one block is
connected with others in a sequence, any removal of the block will become visible to the
people in the network. Thus it helps in finding out if there has been any data alteration.
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4. Decentralization- One of the noticeable working features of Blockchain is that
it is a decentralized technology. It means that the information is spread across the
network, rather than it being stored centrally. Hence, it becomes easy to track and trace
the information. This becomes helpful for companies and even individuals.
5. Cost-effective solution- You would agree to the fact that the conventional
supply chain system involves too many intermediaries, and because of this, there are
time delays, and it also enhances the cost. But with the intervention of Blockchain, we
can cut down the participation of intermediaries there by lowering the cost.
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Takeaways-
Companies are going to hire Blockchain experts and Blockchain professionals for this
task, and those who have Blockchain certification have all the possibilities of exploring a
new set of opportunities and better professional growth.
If you too are one of them and are looking for the best Blockchain certification program,
then you must connect with the Blockchain Council today.
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Blockchain Council Certifications
You can check out our certifications, and kick start your career in the Blockchain
space today.
● Certified Blockchain Expert
● Certified Blockchain Developer
● Certified Smart Contract Developer
● Certified Solidity Developer
● Certified Ethereum Developer
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8. THANK YOU!
Any questions?
You can mail us at
hello@blockchain-council.org
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