Blockchain

Introduction to Blockchain

Introduction to Blockchain

Every innovation is meant to solve a problem and the same holds for Blockchain. Therefore, it is important to understand the reasons that led to the creation of blockchain before we understand the technology itself. The internet is an open space and transactions are prone to security threats. Vulnerabilities of websites lead to cyber-attacks with a possible loss of money, resources, data and much more. The quantum of loss can be exponential in the financial industry and requires a trusted system that reduces security threats. Blockchain may not be the proverbial knight in the shining armour but it has the potential to benefit almost any industry.