How Blockchain Technology is Revolutionizing Industry
Updated: Apr 15
The Purpose of the world-class innovative ODS Token: A blog about the barrier ODS
Blockchain technology has the potential to change and disrupt multiple industries and one in particular is finance industry or, more likely, your personal finances.
Did you know that when major banks try to transfer money from one place to another, the international transaction fees can cost up to 7%?
Goetz, T. (2012). Impact of Blockchain on Developing Countries: The Global Dispatchery Center. Journal of Business and Economic Developmemt, 36(1), 51-59.
Top 10 Reasons Why the Blockchain Technology Will Revolutionize the Web
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Blockchain technology works best in the financial sector where participants want to cut out the middle man. With their strong focus on transparency and trust, blockchain technologies are superior at providing value to the
Blockchain technology works best in the financial sector where participants want to cut out the middle man. With their strong focus on transparency and trust, blockchain technologies are superior at providing value to the user.
BBlockchain comprises multiple parts. These are nodes or servers that store data, transactions that are linked by cryptography, and miners that are responsible for verifying the blocks of data. Once a node is verified, they are put into a block.
Here are are some reasons why blockchain technology is so revolutionary. Consensus algorithms are unpredictable so transaction security is guaranteed which means anyone can trade with anyone anywhere in the world at the same speed.
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