Blockchain started to operate in 2009, when Satoshi Nakamoto proposed the idea of a new type of database that could not be tampered with. The entire Blockchain is distributed across all nodes, meaning that it cannot be altered without consensus from all nodes. Transactions are verified using cryptography, and once validated, they are added to the Blockchain. This creates an unalterable record of all transactions that many computers have verified.

The future of Blockchain

There is no doubt that blockchain technology has the ability to transform numerous industries, including finance. As more and more organisations begin investigating this innovative platform, it seems likely that we will see even more impressive innovations in the years to come.

Indeed, many believe that blockchain technology can completely reshape how we do business. As this technology grows in popularity and sophistication, we will likely see even more widespread adoption of its various benefits.

Ultimately, the future of Blockchain is bright and exciting! We can only wait to see what innovations this innovative platform will bring about.

In Africa for instance, blockchain technology is expected to help reduce corruption and improve transparency. Additionally, it is expected to help improve access to financial services and promote economic development. Blockchain is also expected to help reduce the cost of transactions and increase security. Overall, Blockchain is expected to positively impact Africa’s economy and society.

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