Block Chain in the contemporary world
Block Chain technology has disrupted the normal transaction processes with the innovative and agile methodologies. This principle is not limited to the digital currency, introduction of crypto currencies like Bitcoins (BTC), Ethereum (ETH), Ripple (XPR), and likewise are some examples. In fact, the block chain has its implications in diversified domains from the management of the state machinery to the regulation of small marketplace.
There has been long debate on the legality of digital currencies around the world. Digital currencies offer durability, robustness, transparent and incorruptible transactions. At the same time, it is a currency having no physical form, no intrinsic value and it is also not controlled by any central authority. The whole system is decentralized.
Nevertheless, the block chain technology is awesome and would dominate in future in multiple dimensions. Along with the trending topics of augmented reality, virtual reality, the block chain can help us to strategize the policies at the state level as well as at marketplaces. All developed nations are incorporating technology into their work-in-processes, optimizing limited resources, and automating their most of the tasks. Through this innovative approach, they are getting more productivity and efficient processes.