Code Pirate

What is Block chain ? In simple words if you ask ,I would say , " Block chain is decentralized database with strong  consistency support. " or A decentralized computation and information sharing platform that enables multiple authoritative domain,who don't trust each other , to cooperate, coordinate and collaborate  in rational decision making process. So blockchain broadly you can  think of it as a decentralized database which helps in cooperation between multiple  authoritative domain.  So, the technology is particularly useful when multiple parties or individual  they want to cooperate it with each other, and they want to come to a common platform  to share the information among themselves. Blockchain is Bitcoing ? No ,Bitcoin is first production release application which was formed on blockchain technology.  Please see below video to understand more . How Does it work ? So It begins with someone doing a single or a group of transacti

How real world see blockchain ? We know that businesses never operate in isolation. They always work together with other businesses, with governments, with banks, with all types of organizations within markets. And effectively, wealth is generated by the flow of goods and services across these business networks. The undermarkets could actually also be of two different types eg. open market such as an auction, or a private market such as some things like a supply chain financing or bonds exchange. So effectively these business networks are fundamental to the application of Blockchain. So assets are transferred across the business network and all transaction captured on ledger. So ledgers are the key to effectively recording the flow of assets in and out of an organization. The ledger´s updated every time a transaction occurs . Now we haven't talked about Blockchain very much up to now. Let's actually bring Blockchain into the picture. Blockchain at the very highest leve