Top 5 Key Blockchain Features You Need to Know About


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Uploaded on May 5, 2020

Category Education

All these factors make Blockchain an inevitable technology. In fact, it has also become a lucrative career option. If you, too, are willing to become a Blockchain expert, then you can consider investing in the Blockchain certification program by Blockchain Council and open new avenues of growth for yourself

Category Education

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Top 5 Key Blockchain Features You Need to Know About

Copyright © Blockchain Council www.blockchain-council.org 1 Top 5 Key Blockchain Feature You Need To Know About Blockchain is a trendsetting technology that has paved the way for a lot of developments. Being a decade old now, it has made its way across to the different sectors. Initially, Blockchain started off in 2009 as the underlying framework for Bitcoin. However, over a period of time, Blockchain evolved as the mainstream technology, and now it finds myriads of applications. Copyright © Blockchain Council www.blockchain-council.org 2 If you are a technocrat, then you would understand that every digital platform needs to be absolutely safe for the users. The conventional technology that we are working on is not able to provide the right kind of support, which actually becomes a hurdle in the mass usage of digital media. With the intervention of Blockchain, we can expect this to change and hence, come up with systems that are safer and easy to use. So, let’s explore how Blockchain is going to drive change in the world. Copyright © Blockchain Council www.blockchain-council.org 3 What Makes Blockchain So Different? Many are still unaware of the potential that Blockchain technology holds. It is a breakthrough technology that is slowly paving the way for a lot of developments. In a real scenario, Blockchain is eliminating the drawbacks of the conventional technology, thereby becoming a great solution provider to the problems that exist in the current system. Copyright © Blockchain Council www.blockchain-council.org 4 Here Are Some Of The Key Features That Make Blockchain Inevitable: 1. Decentralization- One of the key things that differentiate Blockchain from other technologies is decentralization. It means that the data is not stored at a centralized location, rather it is distributed, which makes accessibility easy. Even in case of server failure, you don’t have to worry about losing the data. It remains safe and easily accessible. Copyright © Blockchain Council www.blockchain-council.org 5 2. No third-party interference- It means that there is no third party involvement. With this, it becomes easier to achieve faster transactions without having the need for verification and validation. This will eventually prove helpful in the faster transaction and also saves the cost as you don’t have to pay to the third party. This feature of Blockchain can prove helpful to the SMEs, banks, and other financial institutions. Copyright © Blockchain Council www.blockchain-council.org 6 3. Cryptography- You would know that any data that once gets fed in the DLT become immutable and free from alteration. It is because all the data is encrypted cryptographically, thus assuring that no one can alter the data or change it. Also, it becomes important to mention here that every transaction in Blockchain gets stored as Block. Now each block is linked to another; hence if there is a change in one Block, the other will get impacted. Hence, it becomes evident that there has been some alteration with the data. All these factors thereby ensure better surveillance of the data. Copyright © Blockchain Council www.blockchain-council.org 7 4. Faster settlement- This point comes from the fact that Blockchain doesn’t have third-party involvement. It means that there will be no wastage of time, which otherwise goes in validation and verification of information. Thereby guaranteeing faster settlement. Copyright © Blockchain Council www.blockchain-council.org 8 5. Smart Contracts- It is one of the greatest advantages of Blockchain. Smart Contracts are pre-programmed contracts with certain conditions. Once these conditions are fulfilled, the contract is executed. With this, you can expect faster execution of the agreement, thereby ensuring that parties get the payment without delay. Copyright © Blockchain Council www.blockchain-council.org 9 All these factors make Blockchain an inevitable technology. In fact, it has also become a lucrative career option. If you, too, are willing to become a Blockchain expert, then you can consider investing in the Blockchain certification program by Blockchain Council and open new avenues of growth for yourself. Copyright © Blockchain Council www.blockchain-council.org 10 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 Copyright © Blockchain Council www.blockchain-council.org 11 THANK YOU! Any questions? You can mail us at [email protected] Copyright © Blockchain Council www.blockchain-council.org 12