Why is blockchain technology important ?
Blockchain is one of the most popular and fastest growing skills in the IT sector today. There are said to be around 44% of organizations that have adopted blockchain globally. We all know that this technology has taken a major turnaround in the industry given its popularity in providing safe and secure online transactions. This technology is already the talk of the technological world. Although it is a complex technology, most people and organizations have started to adopt blockchain due to the many benefits it offers to the industry today. In addition to the financial sector, it has also gained a lot of attention in other industries. Before we continue, let's try to understand what blockchain technology is, its importance, its impact and decentralization. Blockchain technology is a decentralized ledger that keeps track of transactions that take place in a peer-to-peer network. This technology enables participants across the network to confirm their transaction wi...