Why Blockchain Is A Trusted Approach
Download as pptx, pdf0 likes68 views
Blockchain technology has become a powerful tool across various sectors, initially developed for Bitcoin but now widely adopted for its features like security, transparency, and direct user interactions without third parties. Its encryption methods enhance data safety and build trust, making it a reliable platform. Additionally, the demand for blockchain experts is growing as businesses seek to integrate its capabilities for faster and more secure transactions.
Why Blockchain Is A Trusted Approach
- 1. Copyright © Blockchain Council www.blockchain-council.org 1
- 2. Copyright © Blockchain Council www.blockchain-council.org Why Blockchain Is A Trusted Approach? Blockchain needs no introduction now. It has become a technology that is impacting different sectors. Almost every business niche is working towards using this technology, thereby ensuring creating a safe and secure system. It all started in the year 2009 when the world got to know about this multifarious technology. Blockchain initially formed the base for Bitcoin exchange, but it evolved and transformed itself as a mainstream technology. 2
- 3. Copyright © Blockchain Council www.blockchain-council.org Today we are witnessing widespread use of Blockchain technology. There are a number of features and benefits which this technology has to offer that makes it such a powerful one. Another fact that is important to mention here is that Blockchain platforms are the most trusted ones. In this blog, we are going to discuss what makes Blockchain a trusted approach. 3
- 4. Copyright © Blockchain Council www.blockchain-council.org Why Should You Trust Blockchain? To understand why people are trusting the Blockchain platform so much, it is essential to know the key features that Blockchain offers. It is because of these features that Blockchain has garnered so much attention. 4
- 5. Copyright © Blockchain Council www.blockchain-council.org Key Feature of Blockchain No Third Party Involvement- One of the key features that Blockchain offers is the lack of third-party intervention. It means that users can directly interact with each other without depending on an intermediary. It not only saves time but also saves costs, which otherwise goes out as commission or fees. 5
- 6. Copyright © Blockchain Council www.blockchain-council.org Security- Lack of trust emerges when the platform we are using cannot guarantee data security. But, such is not the case with Blockchain technology. All the data that is fed into the DLT system is encrypted cryptographically. This makes it difficult to alter the information. Moreover, altering the data and tampering is difficult. All this adds up to the security of the system, thereby ensuring that the Blockchain platform is absolutely safe to use. All this eventually helps in establishing trust in the Blockchain system 6
- 7. Copyright © Blockchain Council www.blockchain-council.org Transparency- Another notable advantage that Blockchain has to offer is transparency. The Blockchain records every transaction in a public ledger, which is easily traceable. Thus making Blockchain technology a transparent platform. This transparency feature removes the probability of any fraudulent activity. Moreover, every data is stored cryptographically; there is a lesser probability of tampering or altering the data. Thus making it absolutely safe. 7
- 8. Copyright © Blockchain Council www.blockchain-council.org These are a few of the many features that Blockchain has to offer. This technology is known to have the best features that make Blockchain a trusted platform. Not only this, but Blockchain has also emerged as a popular career option. Companies are now actively looking for Blockchain experts who can bring the best features of this technology and blend it with the current platform, thereby ensuring the creation of a platform that offers trust and faster transactions. 8
- 9. Copyright © Blockchain Council www.blockchain-council.org Conclusion In the times to come, we are going to witness some great transformation in Blockchain technology. This is still at a nascent stage, which holds a lot of potentials to improve. If you, too, are willing to become a key driver of change, then becoming a Blockchain expert is going to be a key instigator of the same. 9
- 10. Copyright © Blockchain Council www.blockchain-council.org Blockchain Council Certifications You can check out our certifications, and kick start your career in the Blockchain space today. ● Certified Blockchain Expert ● Certified Blockchain Developer ● Certified Smart Contract Developer ● Certified Solidity Developer ● Certified Ethereum Developer 10
- 11. THANK YOU! Any questions? You can mail us at [email protected] Copyright © Blockchain Council www.blockchain-council.org 11