What is the blockchain technology?
The blockchain technology is defined as a public ledger of all cryptocurrency transactions that have ever been executed. It is constantly growing as ‘completed’ blocks are added to it with a new set of recordings. The blocks are added to the blockchain in a linear, chronological order.
Thus as per the above diagram, since there is no centralized administrator with exclusive control over the database, and since the control over the database is distributed to every client, therefore the blockchain technology is democratic in nature.
What are the applications of the blockchain technology and what are the services provided by tradescrypt.com?
Incorporate a Decentralized Autonomous Organization:
Decentralized Autonomous Organization (DAO) (also known as a fully automated business entity (FAB), or distributed autonomous corporation/company (DAC)) can be considered as a self-governing organization under the control of an incorruptible set of business rules. These rules are typically implemented as publicly auditable open-source software distributed across the computers of their stakeholders. A human becomes a stakeholder by buying digital tokens, similar to shares in a company, or by being paid in those tokens to provide services for the company. These tokens may entitle its owner to a share of the profits of the DAO, participation in its growth, and/or a say in how it is run.
Asset Management: Trade Processing and Settlement
Payments: Cross-Border Payments