Blog

What is Blockchain Technology?

 

Block chain is a decentralized method of keeping records in an open and sequential manner where the current record will include a hash code from their previous record, thus making up the chain.

The records are kept on decentralized servers, rescued by cryptography. The three features that constitute a block chain area:

  1. Blocks

  2. Decentralization

  3. Openness 

 

Bitcoin is the example of the most popular form of Block chain

 

Applications of Bitcoin:

 1. Smart contracts: Completely serves self-executing contracts on major platforms

  • Ethereum Smart Contracts

  • Cardano

  • Qtum

 

 2. Ethical business practices: Transactions can be traced to the beneficiary. So the “loot and scoot” will completely stop. Money misused can be traced.

  

 3. Electoral Frauds: Transparent voting deters any kind of electoral fraud the block chain is corruptible.

 

 4. Direct transfer to the beneficiary: The cryptocurrency transaction can be traced completely so that no intermediaries dare pocket any money in the age of block chain

 

 5. Authenticated Documents: Passports, Certificates, Degrees, E- Residency, Digital Products, Record Keeping, Identity Documents, Know Your Customer (KYC documents)

 

 6. Securities Trading: The distributed lodger of block chain not only brings transparency in trading but also strict implementation of regulatory compliance

 

 7. Distributed Cloud Storage: From the current centralized cloud storage to the scene distributed, cloud storage. Multiple players already in this sector will disrupt the current market. Disaster recovery will look different in a next couple of years.

 

 8. Micro Payments Across Borders: Using cryptocurrency, the migrants can send money home without the hefty fee being today.

 

 9. Supply Chain Management: Clear visibility to all the stakeholders, inventory management, lens paperwork, reduced flows, lower freight, supply chain finance and payments

  

 10. Cryptocurrency: And finally, the most popular Cryptocurrency mania about Bitcoins are Ehereum, Ripple, Litecoin, DASH, NEM and many others based on block chain.

 

We provide solutions in several types of employment relationships

  • Contract-to-Hire  

  • Long-term & Short-term Projects 

  • Direct Placement

Fill out the following form and one of our recruiters will contact you shortly to set up a meeting and advance with the process

Find us

M

2

S

M2S Consulting (India) Private Limited
Channel Partner for The Association of International Certified Professional Accountants
download (1) (1).png

Copyright © 2018 M2S Consulting (India) Private Limited

Legal Stuff

Privacy Policy