What are the benefits of Blockchain?

Here are the benefits of using Blockchain Technology:

• It allows users verification without any dependency on third-party software.
• The data structure used in Blockchain is append-only. Hence it cannot be edited or altered with.
• It uses cryptography technology to secure data ledgers.

Note: Although Blockchain is being used by only 0.5% of the world’s population, tech giants like IBM and Microsoft are investing a lot of resources and manpower in Blockchain-related projects. Read our comprehensive collection of blockchain interview questions to know more.