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Blockchain, it’s a DLT technology, where the transactions are being recorded with an immutable cryptographic signature called a hash. The major properties of DLT are Distributed, programmable, secure, immutable, Anonymous and time-stamped.
This is the most important question arising nowadays. In past years, technology also had an attempt to develop digital money, but it did not work out. The main issue in this was ‘TRUST’, how we could trust the technology in the case of investing money.
Blockchain is implemented in various industries such as supply chains and food chain, Banking and financial industry, Healthcare, Pharmaceutical, and Insurance. In the future technology, blockchain would be a certain sign of its own because it will revolutionise the business process in many industries, but it requires a certain time period for this adoption, time, and efforts. We can hope that in the near future the government will accept blockchain technology and implement it for various government sector industrial growth.