Blog for all Techno Updates

Learn about what block chain  is and what it can do. Block chain  is a decentralized ledger technology used by a business network to securely exchange digital or physical assets. Each member of the network is granted access to an up-to-date copy of this encrypted ledger so they can read, write and validate transactions. Once a transaction is validated using a consensus process, it's instantly committed to all ledgers in the network. The net result is faster, private, confidential and audit-able business-to-business interactions among suppliers, distributors, financial institutions, regulators or anyone wishing to make a secure exchange. Block chain creates a permanent, digitized chain of transactions that are grouped in blocks and can’t be altered. Some Benefits of Block-chain : Reduces settlement  time from days to near Instantaneous Removes Over Head and cost intermediaries Reduces Risk of Collusion and tampering Increases Trust Through shared Process and Reco