What is Blockchain Technology?


Blockchain technology drives cryptocurrency which is a virtual currency secured by cryptography. It is changing the way people, processes and businesses communicate. Blockchain is a distributed ledger of an increasing list of records called ‘blocks’ linked using a cryptographic hash of the previous block, a timestamp, and transaction data. The public and decentralized ledger design of Blockchain enables a unified source of data with an audit trail and consistency across the transacting parties without the intermediaries. With the Blockchain technologies creating a fundamental paradigm shift across the global marketplace, with many far-reaching applications across all industries including loyalty and rewards programs, financial services, consumer packaged goods, healthcare, and government agencies, SingularityNET strives to pursue Artificial Intelligence-enabled opportunities in this technology domain. SingularityNET enables you to build a gateway to Blockchain

SingularityNET is focused on developing and investing in globally scalable Blockchain technology and its solutions. At SingularityNET, we are dedicated to becoming a momentous participant in the evolution of Blockchain technology that creates long term value for its shareholders and the global community by investing in and developing businesses. To conclude, Blockchain technology is now labelled a ‘foundational technology’ and new Blockchain protocols are emerging with features and applications far beyond the initial vision of digital currencies for payment purposes.

Last modified on : 01-Jan-70

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