Mark https://www.nimbleappgenie.com 2m 250
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All the past transactions are stored by Blockchain in form of “blocks”, and each one of the blocks created during the transaction has its own cryptographic value. Whenever a transaction happens and a new block is made which contains three main essentials, i.e. a timestamp, link to the previous block, and all the data and information about the transactions. Once a block is created, the data inside it cannot be created or altered, which means that the data in the blocks is valid and secured. Blockchain transactions follow the concept of “proofs of work”, that is responsible for the verification of information and the data stored in the blocks, as well as this concept also guarantees that the blocks are neither duplicated nor modified.
The fact that the blockchain technology is decentralized makes it clear that there is no central authority included during the transactions. Only the two people who are doing transactions are aware of all the details of transactions. Moreover, all the transactions are transparent which means you are able to see the transaction, how it is originated and its history, but you will never be able to see who made these transactions. The principles of blockchain make cryptocurrency decentralized which ensures the trust, security, and integrity during all transactions. The process of storing all the data in the blocks during the transaction makes the blockchain a perfect fit for M-commerce.
Nimble AppGenie presents the article about the infographic that how blockchain is impacting M-commerce and payments.