Block Chain Technology

Andhra Pradesh Government will secure digital transactions from Blockchain, know what is this technology
Among the questions arising on the security of digital transactions, the Andhra Pradesh government has started the use of new blockchain technology in two government departments. It has been implemented as a pilot project to check how efficient it is to keep the long-dated database of digital records safe. This technology, launched by Bitcoin Technology in 2008-09, is extremely complex and costly. It is considered difficult to hack, and it never takes place] details of all digital transactions. To prevent cyber crime and hacking, blockchain technology is known as a foolproof system. State government

Blockchain is a technology that has been programmed to record Financial Transaction.
This is a digital system, in which an Internet technology has the underlying strength.
Which can store blocks of identical information on its network.

Block-chain has the ability to distribute digital information, meaning that it acts like a distributed network. Not all records in the database are stored in a computer, but distributed in 1000 computers or millions of computers. Each computer in the block chain can describe the entire history of each record. This database is encrypted and entered in a confidential manner.

Blockchain is also a fault tolerant, i.e. in this system, if a

computer gets damaged then this system keeps working. If any new

agreement or record is required to be recorded in it, then it requires

the approval of many partners (computers).

Hacking - Hacking

It is very difficult to hack, because hackers will have to hack many

thousands of computers simultaneously to hack the data base. This is

why block-chain technology is a safe and simple technology.

The blockchain first experiment was in 2008. When a digital currency

called Bitcoin was invented. The use of the block chain can not be

used only for bitcoins, but can also be done where there is a need for

a middleman for trust, guarantee.

If a poor man wants a government salary, then the government can send

that salary through Block Chain to his mobile. If the houses, crops

etc. are destroyed in the event of disaster and the government wants

to help them, then the block can send the government aid amount

directly to their mobile, this will reduce the corruption.

Blockchain can also be used in education, students can be given

blockchain-built degree instead of paper degree. This can solve the

problem of forged degree.

In Blockchain Technology, money is transferred directly between the

buyer and the seller who does not need any other person in this

transaction. This technique is the safest, because information is

collected through many computers and it is transferred through

confidential codes.

It is used in technical transactions to save large data from one

computer to another while hacking, because it has to hack many system

computers together for hack connectors. Therefore hacking in it is

very difficult.

Block Chain is a distributed system with the help of which money

transactions are made more transparent and secured. Normally, block

chain technology is used in the acquisition of Bitcoin.

Data is stored in a confidential manner by the millions of computers

in Block Chain Technology, which makes the data very secure and can be

easily transmitted and transferred.