What is Blockchain?
We are sharing the information through the internet that is a decentralized medium. But when it comes to money, we have to rely on old fashioned methods like banks. Their records can easily be tempered and changed. Blockchain provides the solution to this problem elimination the middle man.
Blockchain stores the data in the blocks. It is an immutable and secure way to store the information. It decentralized all the information and gives them access to everybody. But no one can temper the records without the consensus.
Blockchain is growing rapidly and has the potential to spread in almost every business. It is estimated that it would reach the critical adoption by 2020 and by 2025 it will be generally accepted almost everywhere. We at Mega Software develop websites, software, games, and applications using Blockchain technology. We also offer Business Solutions in Blockchain.
Blockchain technology is mainly used for Security purposes. We develop security software for Banks and various other organizations. We are developing games using Blockchain technology. We have also developed a freelancing portal called Masters in Blockchain. Masters in Blockchain or MIB mainly focuses on the Blockchain development.
Benefits of Blockchain
Almost every business now using Blockchain technology. It is much safer and has a lot of benefits. Visionaries are looking into new ways to use Blockchain and to get rid of old methods of business. From tourism to border control, fine arts to journalism, national security to mobile payments, Blockchain is being used everywhere. Here are a few of the benefits of using Blockchain technology for your businesses: