What Is Blockchain and How Is It Related to Our Lives?
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Blockchain technology has evolved greatly since the introduction of Bitcoin by Satoshi Nakamoto in 2009. In just a few years, what was once merely known as the technology behind Bitcoin has quickly gained recognition for its applications far beyond cryptocurrencies. The technology’s ability to create more transparency and fairness while also saving businesses time and money is impacting the efficiency of a variety of sectors. According to ReportLinker , the global blockchain market is expected to increase by 80% between 2018 and 2023, from $1.2 billion to $23.3 billion. By 2025, blockchain will be considered mainstream and integral to the capital market and ecosystem, according to research by Accenture. Various giant corporations including Microsoft, Walmart, IBM, and Mastercard are taking notice of these business benefits and have embraced this transformative technology themselves. Several more organizations and innovation enthusiasts are striving to follow suit as they begin to r...