Get fully informed about the blockchain. Sara Technologies is an ethical place where anyone can easily get blockchain consulting services at the very lowest price.
2. AN INTRODUCTION TO BLOCKCHAIN:
It is an innovative technology used to store the information
that makes it difficult or impossible to manipulate, hack, or
defraud the system. It is a decentralized digital ledger that
may hold information like Crypt currency transactions, NFT
ownership, and Defi smart contracts can all be recorded on
a Blockchain. Blockchains like Bitcoin and Ethereum are
raising the new blocks added to the chain to increase
security.
3. HISTORY OF BLOCKCHAIN
In 1982, cryptographer David Chaum
proposed the first blockchain-like protocol.
Stuart Haber and W. Scott Stornetta
published a paper on Consortiums in
1991.After the coming of the world's first
digital currency, Bitcoin, Satoshi Nakamoto
created and implemented the first blockchain
network..
4. ADVANTAGE OF BLOCKCHAIN
1.High accuracy of transactions: In blockchain technology,
the transaction is verified in different nodes. If one node is
occurring an error in the database, then others show the
error where is an actual mistake is done.
2.Greater transparency: Blockchain uses the distributed
ledger, transactions, and data, which is stored in a
different location. The blockchain enables the member to
view the history of transactions.
3. Instant traceability: With the help of blockchain,
anyone can share the data directly with customers.
Traceability data can also be useful for better supply-
chain.
4. Increased efficiency and speed: By streamlining
process, the transaction can be completed faster and
more efficiently
5. HOW IS BLOCKCHAIN USED?
By using cryptocurrencies, blockchain
holds information like tracking and other
information. In supply chain management,
the products can be tracked from shipping to
delivery. Blockchain can store important data
for organizations.
6. NECESSARY CONDITIONS FOR BLOCKCHAIN AS
SOLUTION
1. Data is shared by several parties. In this
condition the participant need to view the
information.
2. Multiple parties update data
3. Requirement for verification
4. Intermediaries add cost and complexity
5. Interaction are time sensitive
7.
8. BLOCKCHAIN POTENTIAL APPLICATIONS
1.Automative:To manage the fractional
ownership user need to blockchain.
2.Financial services: Due to fast, cheaper,
settlement improve the transparency.
3. Voting: Voting agency use the blockchain for
fast, flawless result of elections.
4.Healthcare: Without the possibility of privacy
breaches, patients' encrypted health information
might be shared with numerous providers.
9. WE PROVIDE OTHER SERVICES
Blockchain accounting software
AI development services
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Cybersecurity service provider
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