Blockchain technology is basically being used in virtual currency transaction.It is the regular growing list of records which are linked and secured using cryptography. Blockchain builds trust with accountability and transparency. It is going to become next generation’s transaction system. If we talk about design part, block chains are inherently resistant to modification of the data. It can optimize the supply chains process by tracking objects as they traverse the export/import supply chain while enforcing shipping and line of credit contracts and expediting incremental payments.
Blockchain with IOT : Blockchain has initiated to play a major role in the Internet of Things in terms of security, enabling inclusion of low-value devices to be increasingly viable and making managing a device easier for decades to come.We (www.alcanzarsoft.com) effectively implement blockchain with IOT. Blockchain has initiated to play a major role in the Internet of Things in terms of security, enabling inclusion of low-value devices to be increasingly feasible and making managing a device easier for decades to come.
Disintermediation & trustless exchange
Robust & Secure data
Durability, reliability, and longevity
Transparency and immutability
Lower transaction costs