Blockchain innovation is not about bitcoins Bitcoin is only a little capacity of the blockchain innovation.

I am a strong supporter of the blockchain innovation. This is not about Bitcoin or computerized monetary forms or crypto resources.

Blockchain innovation allows individuals to trust one another. It enables secure transactions for cash, music, votes, and identities, surpassing platforms like Myspace and Facebook.

Blockchain has a social insight clearly identified with Bitcoin and other cryptographic forms of money and the vast majority see the blockchain as something for scholarly technically knowledgeable crooks or individuals that are hostile to government.

It is only an exceptional kind of information archive that is alter obvious. Many recognize blockchain innovation as the next phase of the Internet.

Our present Internet is an Internet of data. It depends on the idea of replicating and disseminating data Email or information All of these are duplicates. For instance, on the off chance that you need to watch a video on YouTube or get an email, you are taking a gander at a computerized duplicate of the first.

But consider the possibility that we take this further to the following stage. 

What might be said about resources that offer genuine benefit?

Like agreements like a house or vehicle proprietorship, a stock, a security, cash, votes, or advanced personalities. The issue is you would prefer not to have these things as duplicates. For instance, you would prefer not to send somebody $5,000 yet still have the first $5,000 under your name. This was known as the Double spending issue by cryptographers.

FITS Model

Presently interestingly we can fabricate another phase of the Internet dependent on genuine worth by utilizing FITS model of blockchain application.

FITS is an abbreviation Using this model, the best places to utilize blockchain are places with high chance of misrepresentation, a mediator or broker conditions with high throughput and stable information.

Real-world Applications of Blockchain Technology

• Blockchain land libraries are being taken a gander at in Honduras and Sweden.
• The Nasdaq Stock Exchange will before long start a blockchain framework to record the exchanging and secretly held organizations.
• The Bank of England has expressed that the blockchain is a huge advancement that could have sweeping ramifications in the monetary business this, however six banks including Barclays, Credit Swiss.
• HSBC are on the whole anticipating making a solitary computerized digital money to understood and settle exchanges utilizing the blockchain.
• Microsoft is in any event, getting in on the activity by building a structure utilizing the Ethereum blockchain.
• On the online media front, Steemit and its video partner DTube, both blockchain-based platforms, pay users in cryptocurrency for creating content. This points to a new direction for social media.