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FREMONT, CA: Blockchain provides an innovative and efficient method to carry out transactions online without requiring any intermediary or third party. This revolutionary technology is used to improve assurance, privacy, and non-dependence on physical currency, without leaving a paper trail of one's transactions. It is being deployed by major companies today to safeguard details of their transactions.
Bancor and Bitcoin are prime examples of blockchain-based cryptocurrency services with the former processing trades worth millions of dollars every day, according to Jeremy Epstein, the CEO of Never Stop Marketing.
Exchanges characterized by enhanced security, speed, simplicity, and efficiency, uninterrupted by document authentication explain blockchain’s popularity. In the real estate market, blockchain based cryptocurrency is deployed primarily to address the customers' need for privacy. IBM is collaborating with Walmart, Costco, and Nestle on improving the global food supply chain safety using blockchain. On the other hand, consulting firms like Deloitte are pursuing blockchain alliances.
As a result, tech experts regard blockchain as the next technological revolution after social media in terms of its long-term significance. So, if companies have to keep pace with emerging technological innovations, a secure supply chain and better privacy than that provided by traditional banks is crucial. Blockchain in this context perfectly fits the bill.