Blockchain Technology

The common man was unaware of the potential and possibilities of blockchain technology as the Bitcoin and its market cap overshadowed the underlying technology. Later on with the release of Blockchain 2.0 the focus got shifted from currencies to the value based services and applications. Blockchain 2.0 enables the creation of programmable scalable distributed trust infrastructure which facilitates wide variety of services including smart contracts public ledger systems Dapps (decentralized applications) DAOs (decentralized autonomous organizations) and DACs (decentralized autonomous corporations). Moreover with the advent of Blockchain 2.0 this technology came into the limelight as a potential solution for various business opportunities and the programmable smart contracts created a new dimension for self-executing applications. Blockchain technology can play a significant role in transfer of value-based digital assets across the network in a faster and cheaper manner. By leveraging the potential of distributed public ledger system blockchain technology found its application in government institutions like public notary systems land registrations citizen identification services marriage certificates voting systems etc. Eventually people started placing the blockchain as a disruptive technology that could possibly find “The Best Solution” for several real-world problems