What Makes Blockchain- The Super Technology

Blockchain is made up of two words block and chain. Every block is linked with each other through cryptography in the blockchain. Each block possesses a hash of its previous block. The data in the block once entered cannot be changed or hampered. It is a kind of distributed ledger where transactions are recorded.

The blockchain is introduced by Satoshi Nakamoto in 2008 to make it as a ledger of the cryptocurrency bitcoin. The structure of blockchain is decentralized, distributed, and digital ledger. As per statista, There are a lot of companies using blockchain patent as a London-based company owned 81 active patent families on Oct 22, 2019.

As per stats, we can say that more and more companies are using blockchain in their business worldwide. In 2020, the total investment in blockchain solutions is estimated at 4.1 billion dollars according to sources. It is being said that investment in the blockchain will continue in the coming years.

Benefits of Blockchain

Blockchain is being incorporated in various sectors like cryptocurrencies, smart contracts, financial services, video games, energy trading, supply chain, healthcare, domain names, and mobile app development company in Kuwait. Given below are the points where we have discussed how blockchain becomes a super technology by defining its benefits:

Low Cost

Better Speed & Efficiency

High Tracking

High Security

Highly Transparent


Blockchain technology has changed the culture from paperwork to digital ledger. This technology has reduced the cost of several businesses by eliminating middlemen. It also helped in high transparency, speed and efficiency, high tracking, and high security. Technology has changed the operations part of various sectors of the economy. More importantly, the finance sector has become highly secured and trustworthy.

The blockchain has increased the trust of customers and maintain a long term relationship with the assets. It also reduced the risk of theft or hack because of its encryption system. This technology is taking the business to the next level. In this article, we discussed the main benefits of the blockchain that exist and helping several businesses. We hope this article is beneficial for you.

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