BlockChainSolutions Program Description

BLOCKCHAIN TECHNOLOGY SOLUTIONS LIMITED CONTINUES TO EVOLVE AS AN INNOVATIVE FINANCIAL SOLUTION PROVIDER & NOW ABLE TO OFFER FINANCIAL PRODUCTS TAILORED TO MEET THE NEEDS OF ITS CUSTOMERS.

A blockchain is a decentralized digital ledger that records transactions on thousands of computers globally in such a way that the registered transactions cannot be altered retroactively. This allows the participants to verify and audit transactions in an inexpensive manner. They are authenticated by mass collaboration powered by collective self-interests. The result is a robust workflow where participants' uncertainty regarding data security is marginal. The use of a blockchain removes the characteristic of infinite reproducibility from a digital asset.

The first blockchain was conceptualised by Satoshi Nakamoto in 2008 and implemented the following year as a core component of the digital currency bitcoin, where it serves as the public ledger for all transactions. Through the use of a peer-to-peer network and a distributed timestamping server, a blockchain database is managed autonomously. The invention of the blockchain for bitcoin made it the first digital currency to solve the double spending problem, without the use of a trusted authority or central server. The bitcoin design has been the inspiration for other applications.