What is BlockChain Technology? An Analysis — Toobler Blog

Satoshi Nakamoto — The Creator of Blockchain?

Components in a Blockchain

Components of Blockchain Technology
  • Digital ledger
  • Network or Nodes
  • Digital Assets
  • Consensus Mechanism

Digital Ledger

Nodes in the Network

Digital Assets

Cryptocurrencies and Tokens

Consensus Mechanism

Smart Contracts

Understanding Blockchain Methodology

Blockchain Methodology

Different Blockchain Platforms

Blockchain Implementation in Various Sectors and Industries

Popular Use cases for Blockchain

  • Tracking the history of a vehicle from start to sale.
  • Supply chain management.
  • Make payments more efficient with faster and more secure transactions.
  • Reduce complexity in auditing.
  • Secure patient records for more privacy.
  • Medicine/Drug supply.
  • Transparency and automation of processes between doctors and patients.
  • Privacy and ownership of patient data.
  • To check validity of wills and allocations of inheritance.
  • Verification and digitization of passport details like payment, boarding and identification.

Blockchain: A Rising Star?

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Toobler

Toobler

Mobile app development | React Native experts |Low cost mobile app development | Hire React Native developers | Cross- Platform mobile | website:www.toobler.com

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