Can Blockchain Solve Corruption? | Problems Blockchain Can Solve | Blockchain | Simplilearn

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Blockchain is an extremely fascinating technology. It's forms the basis on which all cryptocurrencies are formed, starting with bitcoin. Although Blockchain is predominantly used in monetary transactions, it could have a lot more applications. Chief among them is solving an issue that is faced by many a country, corruption. So join us as we try to answer a very interesting question: Can blockchain solve corruption?

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Simplilearn’s Blockchain Certification Training has been designed for developers who want to decipher the global craze surrounding Blockchain, Bitcoin and cryptocurrencies. You’ll learn the core structure and technical mechanisms of Bitcoin, Ethereum, Hyperledger and Multichain Blockchain platforms, use the latest tools to build Blockchain applications, set up your own private Blockchain, deploy smart contracts on Ethereum and gain practical experience with real-world projects.

Why learn Blockchain?
Blockchain technology is the brainchild of Satoshi Nakamoto, which enables digital information to be distributed. A network of computing nodes makes up the Blockchain. Durability, robustness, success rate, transparency, incorruptibility are some of the enticing characteristics of Blockchain. By design, Blockchain is a decentralized technology which is used by a global network of the computer to manage Bitcoin transactions easily. Many new business applications will result in the usage of Blockchain such as Crowdfunding, smart contracts, supply chain auditing, Internet of Things(IoT), etc.

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