benefits. In this article, I am going to cover blockchain technology, its evolution and how blockchain technology helps in the manufacturing industry.
Lets we start a discussion with blockchain and how it has an impact on different industries.
What is Blockchain Technology?
Initially, Blockchain is just one of the technology which supports all cryptocurrencies such as bitcoin but the experts can see that it have a large scope in the future then just meets the needs of bitcoin. On further analysis, we found that it can bring enormous changes in the internet networks itself. Consistently, technology has evolved more and a type of blockchain has grown a lot. So, from today, blockchain is widely being used as a distributed ledger technology. This technology has created a chain of blockchain where each of the blocks contains information as well as the data stored together and verified. These blocks are further validated and attached to the string of transactions and information in the previous blocks.