Satoshi Nakamoto's invention Blockchain technology is an open ledger which is used by Bitcoin can be used in businesses but thanks to Ethereum network for Smart Contracts ,where anybody can involve with this decentralized platform for private and public uses.
Benefits of working on blockchain platform
Decentralization – This is a core concept of blockchain which makes it different from other technologies.
Security – It ensures security by working on crypto algorithms.
Transparent – All transactions are recorded in public ledger which secures everything.
Accounting – All transactions are properly recorded which gives accuracy of records.
Reliable and Scalable – Blockchain is reliable and scalable with help of thousands of nodes in a peer-to-peer network.
Cost saving – No Intermediate is required to process transaction
