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February 05, 2018, 11:05:24 AM |
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Essentially, a blockchain is like a record that is accessible to anyone, registering every single transaction and can be used for a number of different things, including hospital records, financial transactions, and government data. The beauty is, It is not controlled by anyone: There is no central authority, everyone who uses it contributes to it in some small way and this kind of structure makes it more efficient and fair. In recent years it has been blockchain technology that has seen the overwhelming majority of investment from banks, governments, and large companies. So i think yes, the working of entire cities can be based on blockchain technology, as going paperless, removing human error, anonymity, seamless records and major cost effectiveness Rides on innovative technologies towards a revolutionary future.
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