Department Of B.Com Block Chain Technology
(Note : Click the Courses to Know More About the Particular Course Details.)
Department of B.Com Block Chain Technology
ABOUT THE DEPARTMENT
Blockchain technology is a decentralized, distributed ledger that is used to record transactions across a network of computers. It was initially developed for digital currency transactions, specifically Bitcoin, but its use has expanded to include a wide range of applications beyond finance. The technology is based on cryptography and uses a chain of blocks to record transactions.
Scope of Block chain in India & Abroad
This is where it gets interesting. Block chain is an extremely promising subject. It has the
potential to change the data management and data storage system from inside out. So
much is the potential of block chain that even the governments across the world are
taking note of the usefulness of block chain. Estonia, for example, has embraced block
chain at a national level with the judiciary, health and commerce departments using block
Chain aggressively. Other countries where block chain projects are moving into the next
phase are the Netherlands, United States, Dubai and Malta, Israel, Sweden, Columbia,
European Commission, and South Africa.
This fairly gives an idea of the scope of block chain development abroad. It is expanding
and the growth will gain momentum in another next five years.
In India, however, block chain technology is at a nascent stage; hence, the competition is
low as of now. But it will become fierce very soon. People learning block chain today
will enjoy high demand in the coming years.