# A Brief Overview of Blockchain Technology and its impact on the Industry The word "blockchain" has been in the news a lot lately. It's now time to understand what blockchain is, how it works and why it matters. Blockchain is a digital ledger that records transactions across many computers, which are linked together. The ledger itself cannot be changed without the agreement of all parties involved in a transaction. This means that all data stored in the blockchain is immutable and tamper-proof, which makes it an ideal tool for storing sensitive information such as medical records or voting records for example. Blockchain technology has also been used to create cryptocurrencies like Bitcoin, which have become popular worldwide as a way to transfer money from one person Blockchain technology has made its way into the mainstream market and is changing the way people view digital transactions. In recent years, various companies have started to adopt blockchain as a payment method. However, it’s worth noting that there are many potential competitors for decentralized blockchain.

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Blockchain technology has gained momentum in recent years. It has been adopted by different sectors including finance, healthcare, real estate, and more. The decentralized nature of this technology provides a way for companies to reduce the cost of transactions and store information securely. # Competitors to Blockchain- What Actions Could They Take to Disrupt It? There are many competitors that could be a threat to blockchain technology. Some of them include: Facebook, Amazon, Google, Microsoft and Alibaba. All of these companies have the resources and capabilities to disrupt the blockchain industry. Some of their strategies include creating a centralised blockchain, creating a consortium blockchain, creating their own cryptocurrencies and partnering together to create their own blockchain. # The Industry Today: Challenges, Opportunities and Predictions for the Future of the Blockchain Market Blockchain technology is used for many different industries. It's mainly used for financial transactions but can also be used for other purposes that require immutability, security and transparency. For the following sectors, blockchain is likely to grow exponentially over the next 5 years: Financial services As one of the first industries to adopt blockchain technology, financial services has made great strides since its implementation in 2008. The impact of this technology has been profound on aspects like clearing & settlement processes and regulatory compliance. # Competition or Partnership- Which Blockchain Platform is Best for You? Blockchain is the technology that has been talked about for a long time now. It is still a new concept and it is evolving rapidly. The question that most people have when they hear about blockchain is if they should invest in it or not. There are two types of blockchain platforms - competition and partnership. Competition blockchain platforms offer to use their platform without any fees while partnership blockchain platforms offer to provide services to their customers on top of the platform. They require the user to pay them with the token of the blockchain.

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A lot of industries are already investing in blockchain technology due to its many advantages. There are many partnerships that have already been established, but there are also companies that have decided to create their own competition based on the blockchain technology. The main reason that a company might want to do this is if they find it useful or they see it becoming useful in the future. The most important thing that an investor needs to ask themselves is whether they believe in this concept or not and whether they think it will be beneficial for them in the future. Partnership blockchain platforms offer to provide services to their customers on top of the platform. They require the user to pay them with the token of the blockchain. Competition blockchain platforms offer to use their platform without any fees while partnership blockchain platforms offer to provide services to their customers on top of the platform. They require the user to pay them with the token of the blockchain. A lot of industries are already investing in blockchain technology due to its many advantages. There are many partnerships that have already been established, but there are also companies that have decided to create their own competition based on the blockchain technology. The main reason that a company might want to do this is if they find it useful or they see it becoming useful in the future. # What is the Difference Between Private Blockchains & Public Blockchains? There are many differences between public blockchains and private blockchains. [source](https://www.quora.com/What-is-the-difference-between-private-blockchains-and-public-blockchains-like-bitcoin) We will discuss some of the factors that you need to consider before deciding which platform will be best for your business and how you can choose between them. So what is the difference between public and private blockchains? The truth is that there are many differences and there are no set rules. Most importantly, a private blockchain is controlled by one entity. This means that it will be under the control of one person or a party that owns the company. A public blockchain, on the other hand, will be open to everyone and anyone around the world to use. Since it is open to everyone on the internet, anyone can use it for free or for money. This makes public blockchains an ideal choice for many industries who wish to make transactions with everyone involved in their transactions. # Conclusion: Who will be the true disruptor in future against Blockchain Platform ? The blockchain is a disruptive technology that is going to change the way we work, live, and play. Blockchain has the potential to disrupt many industries such as finance, healthcare, government services, and even education.

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Blockchain will create new opportunities for businesses and individuals in the future but it will also create new challenges. The biggest challenge that blockchain faces is its volatility. This volatility makes it difficult for developers to predict how this technology will evolve in the future. The true disruptor in future will be determined by how well these companies can adapt to changes in this market and how quickly they can innovate with their products.

--- --- ## References: 1. https://blog.ipleaders.in/difference-between-private-and-public-blockchain/ 2. https://www2.deloitte.com/us/en/pages/consulting/articles/future-of-blockchain.html