A blockchain is unchanging overtime ledger confined publicly with the use of cryptocurrency techniques to extract security risks
.The blockchain technology is of multiple functions getting ease in transactions and various processes as well.
it helps to record the transaction in the series of blocks
One of the function of blockchain is supply chain which boosts and simplifies the areas like supplier payments ,contract bids and execution,Having potential to be operated universally giving rise to increased improvement in various sectors like improving transparency
Today many chains are lacking transparency affected by unavailable data,these areas can rise with a efficient ledger like blockchain.
With blockchain most people can write entries with aspect to information records also tje followed users can control too a minor change of the particular record
Blockchain applications
-Smart appliances
These are the appliances that are connected to the internet and will provide more information.
To prevent unauthorised access appliances like these on the blockchain enables the responsiblity of doing the generalizing
-Supply chain sensors
The block chain also plays an intensive role by giving a convenient platform for management storage and transformation of small information
-Smart contracts
The blockchain not only claim for third parties but also let the participants know the contract details and the associated terms as well
-Block chain Healthcare
The records that are personal for an individual can be stored on blockchain followed by a private key ,accessible to only the associated particular specific individual
-Blockchain Music
The block chain technology creates exact decentralized database of the rights of the music there by overcoming the overlooking peoblem
-Block chain Government
The blockchain also provides the facility that we call responsive making data open which can be accessed openly and freely intending to be available to every one and its said to make world RICHER by $2.6 trillion
The blockchain has great impact over many more aspects like identity associated things such as :-Passport,Birth,wedding and death certificates and personal identification as well .By storing data the blockchain extracts all the risks that come when data is being held centraly ,
The block chain protects the identity and assets as well.
Encryption technology is used in security methods of blockchain.
Blockchain is on the edge to unbundle the institutions of finance
THE BLOCKCHAIN COULD BE USED AS THE BEST TOOL TO CARRY OUT THE MULTIPLE FUNCTIONS FOR RAISING THE LEVEL OF BUSSINESS TRADE AND VICE VERSA RESPECTIVELY
DECENTRALIZATION
It is the process through which things are distributed from a authority useful in organisations tenchnology and many other things in businesses.
it has been a solution to the various problems as sometimes government also fail to fund services due to the heavy load of services there by becoming insufficient to do the needful services .
The principle of performing those tasks which cannot be done at local level is often appealing .The social networking sites that connects people despite they spend hours and moreover the data and does not get anything in return .
People are using intenet based applications and provided with centered service no matter they build social relations and many more ,but they spend the data and time mostly their existence on those social networking sites does not give nything in return .
Inspite of that they standardize their servicez and much more but does not provide any benefit to the users .
They hike their own markets ,own loyalty make their companies more accessible to customers .they build their own status and rank rexpectively .
The other social networking sites create their history market place due to the major role of followers
User should get an idea if they are spending ,investing their time and data as well why dont they get anything for that ,they should be benefited for that.
Also the bussiness way is changed fundamentaly there should be an innovative way to approach the users there by benefiting them indeed .
Outside sources can through negativity that can strike the social media .
They does not provide users the data security to that level
Any user can get caught up in social media and post leading to harzh consequences
The social networking sites people are indulged in these days does not only let the users spend their data and time but also are confined to the limited resources
Decentralization includes equality freedom and liberty from the higher authorities and enhances them respectively
SPHERE
Sphere is a decentralised network providing the better transparency and data security
Sphere provides the best platform for users apart from other social networks as the data spend by the user will be profitable also irrespective of other social networking sites.
Sphere](https://sphere.social)
The other centralized social networks earn billions from the data that we spent and get the whooping profit not giving anything to the user who spends the data indeed.
With every use of sphere it empowers the user and gives the profit for using it,and did not let the user down as other networks do.
Sphere has the capacity to be changed in scale making it more efficient .
Sphere is also a great opportunity where it also has a best platform for bussinessmen to advertise ,promote which is highly commendable indeed promoting smoothly by reaching to the right audiences.You can do transactions also using tokens called SAT
-SAT
These tokens are used by the sphere to do the transactions corresponding to the particular network
SAT tokens are convertable to any Cryptocurrency and into cash as well.
VALUE OF 1 SAT TOKEN IS $0.14.
The comcerned team i.e the project team sells the tokens in exchange for cryptocurrencies .After that they can be used on the currency internally on the project platform
the participants finance the company to develop in order to get the benefit in the future inspite of all https://sphere.social
Sphere is currently running an ICO{initial coin offering}
the above uploaded images are downloaded from pixabay
Excellent post ...good hard-work
thanks for ur appreciation @malik sajad
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bas has wean kor start @saahir