Article on block chain

Block chain means a complete system that record all the transactions in a peer to peer network that means in the form of bit coin and crypto currency depend on may computers. In the field of finance, the data must be kept in more than one place whether in soft-copy form or hard copy form. Because in the field of finance, high amount of risk going to involve and many people spend their money to run the business and financing business. So finance is a field that moves the money in one place to another and more money can be generated thorough money. In the field of investment, the same scenario going to involve because investors has some trust factors on the different organizations and for generating more money they are going to invest their current money in some strong business. Blockchain system are consider as high technology systems that keep all the record of the business and record all the transactions in different systems like in the management, the record must be kept by senior manager and also having executive of the organization to keep proper check and balance. Bit coin technology used by the block chain that decentralize the financial transactions and currency, need of trust going to be eliminated for third party to verify the financial transactions, resist the corruption, immutable and censorship, decentralize the database, information storage going to be distributed, but with all these advantages, block chain are not longer reliable, they could not fulfill the expectations of the investors and businessman. Conditional transactions can be done with such technology and built smart contacts with all the relative parties. Blockchain have many types and can be used according to the requirement of the user.