Blockchain 101

This paper explores different applications of block chain technology in medical records, land title registry, and educational records.

Blockchain is a protocol that allows a peer to peer exchange of value. Value, assets, or money is exchanged using contracts in a system that promotes trust and maintains identity. Prior to this there was not a protocol for exchange of value without the maintenance of a database at central authority. Blockchain is a trusted ledger that allows users to access reliable information. Readers may become more familiar with communication protocols, widely known as a set of rules, such as the domain name system (DNS), how Internet domain’s names are located and translated intoInternet Protocol addresses or, SMTP (Simple Mail Transfer Protocol) a TCP/IP protocol used for sending and receiving e-mail.

Copyrights © 2024 Karandaaz Pakistan
Non-profit company registered under Section 42 of the Companies Act, 2017