Some amazing facts about blockchain.

Blockchain is still a puzzle word for many people out there who haven’t read or experienced it. As a disruptive technology, blockchain is predicted to lead the world market through its versatile applications. There are hundreds of fascinating information about blockchain that many wouldn’t have known before. We have gathered some of the prominent facts to present to you. 

•  Just like how we have an intranet for private usage and internet that is accessible all over the world, blockchain can be public as well as private according to requirement.

• Blockchain development is at its nascent stage, perhaps it is at the stage that the internet was in about 20 years ago and is yet to reach millions of people around the world.

• People often confuse bitcoin and blockchain while both the terms are not the same. Bitcoin is just a cryptocurrency that is exchanged while developing blockchain technology. There are numerous other applications related to blockchain technology.

• The whole system of blockchain is decentralize and transparent that the whole chain can be viewed by anyone. A blockchain developer can help you create blocks by filling in data that you want them to file.

• Many banks across the world are finding ways to make their service blockchain powered. Blockchain technology prevents the need for the third party during the transaction which makes it really fast and saves time and money.

• The technology does not have a single founder rather a team with a pseudonym Satoshi Nakamoto and their real identity has been concealed.

• Blockchain technology and its application gives rise to numerous job opportunities that are still unknown.

Blockchain development companies in the India have started exploring new use cases in various fields. Blockchain services are claimed to be highly useful in the fields of healthcare, education and social networking as it prevents the central server system wherein a single authority has control over the whole database. 

Bsetec is one of the best blockchain software development company that has a potential team to mould this state-of-the-art technology to create powerful software or applications in order to meet the needs of the users. This is probably why we would suggest you refer our website and contact our team to get a better idea on how to link power your business with the blockchain technology.