African nation Ethiopia is exploring its interest in blockchain-powered solutions. The nation has signed a memorandum of understanding with apprenticing cryptocurrency startup, Cardano. It utilizes blockchain technology in the industry of local agriculture.
The blockchain assets are decentralized and offer a high level of security, transparency, and flexibility. Blockchain creates an immutable record of data that is shared among a distributed network and is secured with the most advanced form of cryptography
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Blockchain Technology is the new topic of discussion for the people in the market. The blockchain is a digital, distributed and decentralized ledger. It underlies most of the virtual currencies for processing the transactions without the necessity for a financial intermediary like a bank and other financial institutions. Basically, it is a mode of transmitting funds and fetching information.
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Singapore's Infocomm Media Development Authority (IMDA) introduced its very first Blockchain challenge to improve modernization and acceptance of blockchain technology beyond fintech.
Source:- Coinpedia
The blockchain has been an interesting topic for a quite long. Under this system, the digital information will be distributed but is not copied. Blockchain started embellishing the moment bitcoin came into the picture. While Bitcoin is initiated by anonymous person named Satoshi Nakamoto.
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