Can Blockchain Technology Help To Grow GDP ?
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Can Blockchain Technology Help To Glow GDP?
According to International Business Machines  company, 
blockchain professionals have the capability to affect a 5%  increment in 
worldwide gross domestic product. 
 In order to develop the economic condition of India, the issues associated with 
international payments must be solved by the government. The solution of this 
problem is to adopt digital currencies and blockchain technology for effective and 
affordable payments. 
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Introduction To Blockchain Technology
Blockchain is a revolutionary technology that is based on a distributed ledger 
mechanism where cryptocurrency proceedings are publicly recorded. A distributed 
digital ledger technology further increases speed, transparency and cost efficiency 
for business. A Certified Blockchain Developer has in-depth practical knowledge 
and understanding of the blockchain and cryptocurrency industry. Blockchain 
technology develops on the concept of peer to peer mechanism. It offers a trusted 
and shared ledger of networks where data is stored in an encrypted and 
immutable form. 
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How Blockchain Technology Supports To Grow
Gross Domestic Product
Blockchain technology develops a strong ecosystem within a network of business. 
There is no doubt that the demand for Online Degree in Blockchain is increasing 
day by day. Cryptocurrency can provide stabilization of the global wealth. The 
digital currencies have the potential to enhance the growth of the global economy 
by providing easy access to financial platforms. All digital currencies and 
blockchain payments are digitized and automated with distributed ledger 
technology. 
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1. Financial Inclusion
The increasing demand of blockchain indicates a new and improved span of 
business. With the implementation of blockchain, a small enterprise can even 
develop international business. Blockchain technology can develop a true global 
economy.  With the utilization of blockchain any type of developer can acquire 
compensation in direct form. This further creates a more stable global economy. 
Blockchain provides a beneficial increase in economic operations. 
 
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2.     Compliance
To ensure compliance is one of the hardest activities for transaction 
management. It is difficult to maintain complicated codes of tax to develop 
business between countries and states. This further leads to costly and 
lengthy waiting time of period for business transactions. On the other hand, 
blockchain technology doesn’t need the involvement of any third party to 
handle every outlook of transactions. The movement of assets are completely 
seamless in blockchain technology. Blockchain is based on a peer to peer 
mechanism. 
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3.  Reduced cost
Blockchain utilizes the software that permits it to interconnect directly. This further 
reduces overall cost. The digital currency improves and enhances the accessibility 
and efficiency of the systems. Blockchain technology is a method to reduce cost 
for business. Thus digital currencies contribute to develop a better future and 
global economy. The overall associated cost is minimal with the implementation of 
digital currencies as blockchain technology doesn't require an actual building.  
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4.  Novel experiment
Blockchain is a kind of novel experiment for enterprises. Blockchain technology 
drives the global economy into a new era. Blockchain tech is not just for startup 
business. Biggest organizations are also accepting blockchain in the form of 
bitcoin, cryptocurrency and much more. Blockchain has the capability to change 
and revolutionize the span of the global economy. 
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5.   More power to business
The digital currencies and blockchain can help enterprises in an efficient way. 
Entrepreneurs can now accept several payments in digital currencies. BitPesa 
organization is a real life example that helps Africa business holders make 
payments with American, European and asian organizations. 
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Final Thoughts
Blockchain technology is a game changer in terms of gross domestic product. 
Blockchain technology helps to grow worldwide gross domestic product. The rate 
at which blockchain is growing is a signal that traditional systems of finance can 
no longer hold. 
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Blockchain and digital currency has everything it requires to overcome financial 
challenges. With the implementation of cryptocurrencies several people can invest 
money across many platforms.  
 To get instant updates about blockchain and to explore more about 
Blockchain specialization online certifications, you can check out the website of 
Blockchain Council.
 
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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
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THANK YOU!
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You can mail us at
[email protected]
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