The advent of Blockchain has brought a new financial revolution in the world of digital remittances. Primarily used for storing and facilitating transactions in cryptocurrencies, Blockchain is a publically shared distributed ledger that stores information in a decentralized way, forming a Peer-to-Peer network. Blockchain stores information in a series of blocks that are electronically linked to form an extensive database. The data once stored on blockchain can never be deleted or modified. This makes it an impregnable digital ledger as it creates a permanent and tamper-proof record of stored information that can’t be altered at any point of time.
While blockchain was initially built to be used in the cryptocurrency domain, the highly versatile nature of Blockchain has led to the change in picture. Turns out that blockchain can be effectively used in a large number of applications even outside the cryptocurrency landscape. Some existing use cases of Blockchain include Digital Identity, eVoting, Peer-to-Peer Lending, Asset Management, Distributed Cloud Storage and Smart Contracts.
Why Choose Oodles Technologies?
Oodles Technologies is an offshore software development company that offers end-to-end Blockchain Development Solutions at cost-effective rates. We are pioneers in building world-class web and mobile applications based on Blockchain. With the availability of custom modules, we help you save your time and money.
The team of Blockchain Developers working with us is highly proficient in building high-octane Blockchain based applications with high uptime, intuitive UI and less complexities.
Read more info at - http://www.oodlestechnologies.com/blockchain-development-solutions
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