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Blockchain and its Influence on Market
- Source :
- International Journal of Computer Science Trends and Technology (IJCST), ISSN 2347 – 8578, International Journal of Computer Science Trends and Technology (IJCST), ISSN 2347 – 8578, 2019
- Publication Year :
- 2019
- Publisher :
- HAL CCSD, 2019.
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Abstract
- International audience; In the last decade, Blockchain has experienced a booming success. It is on everybody's lips, in particular in the banking and finance world where it finds its source. Many authors have explored the potential influence of Blockchain on the market. Blockchain brings digital technology into real time computing systems management. It has the ability to transform all aspects of the digital economy, including conducting business, shopping, enhancing education, delivering healthcare, and learning, entertainment, and staying connected with a social world. Blockchain was not in fact created for its own intents and purposes originally, it was only an aspect of Bitcoin protocol, ensuring the secure transfer of the cryptocurrency. In this paper, we are providing an introduction to Blockchain technology in a simplified style. It also discusses about how Blockchain technology can be used in the market to benefit the customers and the company to a great extent. Lately, Blockchain digital technology has evolved further to aid in conducting financial transactions. Online payments have gained large traction and card based payment methods, credit and debit cards have become dominant. Blockchain supports all these transform by creating increased speed of transaction processing and greater efficiency in real time processing. Blockchain provides a robust environment for secure data sharing in real-time. Blockchain is a type of distributed ledger system providing enhanced security in the real time digital economic process.
Details
- Language :
- English
- Database :
- OpenAIRE
- Journal :
- International Journal of Computer Science Trends and Technology (IJCST), ISSN 2347 – 8578, International Journal of Computer Science Trends and Technology (IJCST), ISSN 2347 – 8578, 2019
- Accession number :
- edsair.dedup.wf.001..7e1d48e78d076b39a5af7f14a7e4799f