The Blockchain Technology

The Blockchain is a distributed ledger that makes every transaction (smart contracts) done on it available to the public. It is a trust less system that allows for the exchange of value or contractual relationships without a third party. The Blockchain technology is the life wire of cryptocurrency. The application of the Blockchain technology in the creation of Bitcoin is what has come to rule out the place of intermediaries such as (Banks, payment services, etc.) in the exchange of value among different parties.

Blockchain application is not limited to cryptocurrency, it can be applied to different sectors such as Logistics, Law, medici, etc. The common use cases of the blockchain technology include: smart contracts (requiring no human input), decentralised applications (dApps), supply chain and many more. Blockchain technology can be used to achieve a trust-less system, transparency,