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Tolga Akcay_ Global Consulting Services for Today´s Critical Business Operations

Blockchain technology is certainly an intelligent invention. It is commonly known as the foundation of bitcoinu2019s digital currency. Blockchain technology is the new backbone and identity of the internet. The blockchain network is an altered system with no central authority. It is highly transparent, and you are responsible for your actions if you build something on the blockchain.

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Tolga Akcay_ Global Consulting Services for Today´s Critical Business Operations

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  1. Global Consulting Services for Today´s Critical Business Operations

  2. Blockchain Technology: A Simple Explanation Blockchain technology is certainly an intelligent invention. It is commonly known as the foundation of bitcoin’s digital currency. Blockchain technology is the new backbone and identity of the internet. The blockchain network is an altered system with no central authority. It is highly transparent, and you are responsible for your actions if you build something on the blockchain.

  3. What exactly is Blockchain Technology? Blockchain technology is simply a chain of blocks. ➔ The blocks are referred to as digital information, and the chain is the public database. ➔ At a complex level, blockchain technology is the digital information stored in a public database. ➔ These blocks store information regarding the date, time, transaction amount, and the participating ➔ person. The blockchain data structure helps in creating a digital ledger of transactions that is shared among a ➔ vast network of computers. Every new transaction leads to the addition of a new block in the chain. ➔

  4. Why is Blockchain Technology Popular? The reasons behind the popularity of blockchain technology are: ● There is no single owner of this technology. It is decentralized. ● The data is stored cryptographically. ● No one can influence the data that is present inside the blockchain. ● Due to the transparent nature of blockchain, anyone can track his own data.

  5. What are the Advantages of Blockchain Technology? ● No human involvement in verification is required, which makes it an accurate technology. ● No third-party verification is involved, which reduces the cost. ● It is safe to use. Hackers cannot corrupt this technology because it is decentralized. ● All the transactions made are private, secure, and efficient.

  6. Where is Blockchain Technology Used? Blockchain helps users to create authentic digital information. Some of the applications of blockchain 1. technology are: 2. Smart Contracts: 3. Sharing Economy: 4. Crowd Funding: 5. Governance: 6. Supply Chain Auditing: 7. File Storage: 8. Internet of Things: 9. Microgrids: 10. Identity Management: 11. Stock Trading:

  7. CONTACT US Königsallee 2b 40212 Düsseldorf Deutschland / Germany hello@tolga-akcay.com https://www.tolga-akcay.com/ Tolga Akcay THANK YOU

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