In the dynamic and fast growing world of computer application/ information technology, there is a rapid changes taking place. Companies need young computer experts who are able to use latest information technologies and systems to provide solutions to critical business decisions. Blockchain is one of the most talked-about technologies in business right now. Blockchain tech has the potential to drive major changes and create new opportunities across industries – from banking and cybersecurity to intellectual property and healthcare.

Scope of Blockchain:

Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain.

Blockchains are used to verify transaction data. Its scope of application exceeds that of its predecessors, which initially helped to protect, certify, and distribute data. Furthermore, it is possible to use blockchain-oriented methods without any intermediary clearing houses. Payments, movement on the financial market, contracts, certifications, attestations, copyrights, patents, and registries can theoretically be administered without the need to involve banks, notaries, custodians, or any state institutions. The increasing interest in blockchain technology is not only evident in the banking sector, but also in the real estate, insurance, and health industries, which can also benefit from blockchain’s wide range of use. Supporters of this technological concept also predict its expansion to judicial systems, energy industries, and public administration.