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BlockChain !! Whats That…

So what Exactly is Block chain, if I would like to describe it in plain simple words…  so here it is what I would say…

BLOCK CHAIN IS A SHARED LEDGER WHICH HAS ATTRIBUTES TO RECORD ANY TRANSACTION ON ITS LEDGER, WHICH CANNOT BE EDITED !!!

Virtually anything of value can be tracked and traded on a block chain network, reducing risk and cutting costs for all involved .

BIGGEST BENEFIT IN TODAY’S PAPER SAVING ECO SYSTEM IS,  Blockchain makes it better. ITS A PAPERLESS APPLICATION WHEN IT COMES TO account keeping.

Single shared ledger that is tamperevident. Once recorded, transactions cannot be altered.

All parties must give consensus before a new transaction is added to the network.

Eliminates or reduces paper processes, speeding up transaction times and increasing efficiencies.

 

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