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2. BLOCKCHAIN
Blockchain is a versatile emerging technology which is
used decentralized distributed ledger to record the
ownership of digital assets. The ledger in the Blockchain
is transparent. The ledger used by the Blockchain
technology is public and constructed with inherent
security. Blockchain technology is used in various
sectors because it reduces security risks, stamps out
fraud, and brings transparency. In this, all the
transactions are stored in a decentralized ledger.
3. FOUNDATION OF BLOCKCHAIN TECHNOLOGY
1. Distributed ledger and peer-to-peer network: In
Blockchain technology, the blocks are attached to each
other by a chain system. The replication of the
Blockchain in different different nodes ensures
resilience and transparency.
2. Digital signature and hash functions: The strong
encryption in this technology which means the data
can’t be retroactive.
3. Consensus algorithms: This authenticates the
underlying data and eliminate the needs in the
transaction.
4. Smart Contracts: It is digital contracts that is stored in
Blockchain and run automatically when conditions are
met.
4.
5. HOW BLOCKCHAIN IS HELPFUL FOR
BUSINESS?
There are various benefits that this technology presents to business
1. Greater transparency: In the financial system and business,
Blockchain technology uses an unprecedented layer of accountability
that holds each sector responsible. It is very helpful for the company's
growth and its community and customers.
2. Increase efficiency: As we all know, by nature, Blockchain technology
is decentralized. It removes the need of a third person(intermediator)
for various fields like payments and real estate. Blockchain technology
provides faster transactions as compared to others.
3. Better security: Blockchain technology is more secure for keeping the
record more secure. In this, the transaction is encrypted and liked to
the previous transaction.
4. Improved traceability: In the Blockchain ledger, each time transaction
is stored in the Blockchain. The Blockchain is very helpful in improving
security, preventing fraud, and verifying the authenticity of traded
assets.
6. BLOCKCHAIN WORKING PROCEDURE
Step1. A transaction is requested and authenticated.
Step2. A block represent that transaction is created.
Step3. This block is sent to every node in the network.
Step4. Nodes validate the transaction. Nodes receive a
reward.
Step5. The block is added to the existing Blockchain.
Step6 The transaction is complete.
7.
8. WHY CHOOSE SARA TECHNOLOGIES INC. ?
Sara Technologies Inc. offers Blockchain consulting
services to an extensive list of satisfied clients
worldwide. Our dedicated team of experts has 10+ years
of experience who understand how Blockchain securely
and transparently works. Our professional's consultant is
always active in guiding you as per your business
requirements. Our experts provide enterprise-grade
decentralized applications, which is very helpful in
accelerating the business.
9. WE PROVIDE OTHER SERVICES ALSO
NFT Marketplace Development Company
Ethereum Development Company
NFT Development Services
Smart Contract Development Company
Blockchain Game Development Company
10. Feel Free To Contact Us
NORTHERN
CALIFORNIA
7677 Oakport Street,
Suite 460, Oakland, CA
94612
Phone: 510-768-7101
NEW MEXICO
6565 Americas
Parkway NE, Suite
800, Albq, NM 87110
Phone: 505-814-0011
SOUTHERN
CALIFORNIA
16870 W. Bernardo
Drive, Suite 250, San
Diego, CA 92127
Phone: 858-848-
1784
MAIL US
info@saratechnologies.com
Feel free to contact us round-the-clock for hiring Blockchain
Consulting Services