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May 23, 2018, 02:46:11 AM |
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Blockchain technology is a ledger based system where all aspects of its ecosystem are able to be tracked and seen in real time, which completely eradicates the possibility of hacker fraud on it’s stored information. Currently, the majority of people send their funds from point A to point B using a trusted middleman such as a financial clearinghouse, but blockchain tech allows for this third party to be eliminated and allows for funds to be sent from one place to another instantly. Blockchain technology is decentralized and also implements the use of cryptology, which means that each database is ran by a set of computer.
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