What does the term "Blockchain Technology" stand for?
The blockchain is an advanced form of Database storage system, which uses "records" or "blocks" to store data or information. These records or blocks get duplicated automatically with the mechanism of cryptography, thus providing a more secure data storage platform. Blockchain is the technology which supports the cryptocurrencies and Digital currencies such as Bitcoin and Ethereum. Other such cryptocurrencies are Ripple, Litecoin, Monero, etc. But the scope of blockchain technology is not just limited to finance. Besides finance, Blockchain has also marked its uses among several other fields such as governance, elections, administration, commerce, and many more.
Applications of Blockchain Technology
There are several applications of Blockchain Technology. Some of them have already been implemented by their respective industries, and many others are in their development stage. A few of them are mentioned below.
Adactin Blockchain Development Services
As an all-encompassing technology company, Adactin provides a comprehensive solution for blockchain applications to drive automation and innovation.
Strategic advice on successful employment of Blockchain technology to optimize the potential outcomes.
Elaborate Proof of concept services to showcase the technical viability of a product and its market potential.
Smart Contract Development
Design, development, audit, and optimisation of self-executing coded business contracts to automate processes.
Unlock the potential of open source Blockchains and tools for collaborative development with distributed ledgers.