[{"data":1,"prerenderedAt":96},["ShallowReactive",2],{"technologies":3,"blog:facts-about-blockchain:":7},[4],{"slug":5,"label":6},"php","PHP",{"id":8,"source":9,"title":10,"slug":11,"url":12,"excerpt":13,"image":14,"author":15,"date":16,"date_formatted":17,"categories":18,"tags":22,"content":29,"seo":30,"related":31},4159,"wordpress","Facts about Blockchain Technology","facts-about-blockchain","\u002Ffacts-about-blockchain","Blockchain Technology: Decentralization of the database has been one of the hottest topic of discussions forever amongst the tech wizards. With so much of activ...","https:\u002F\u002Fyugasa.com\u002Fpublic\u002Fwp-content\u002Fuploads\u002F2018\u002F07\u002Fbitcoin_blog.jpg","Creative Team","2018-07-27T10:27:38+00:00","July 27, 2018",[19],{"name":20,"slug":21},"News","news",[23,26],{"name":24,"slug":25},"Blockchain Technology","blockchain-technology",{"name":27,"slug":28},"Blockchain","blockchain","\u003C!-- wp:paragraph -->\r\n\u003Cp>\u003Cstrong>Blockchain Technology:\u003C\u002Fstrong> Decentralization of the database has been one of the hottest topic of discussions forever amongst the tech wizards. With so much of activity happening around cryptocurrencies, blockchain has become the trending topic today.The impact of blockchain will be enormous in the near future as it is said that it will change the foundation of the social and economic systems. It enables one to track all the digital transactions made on the platforms. It brings to the end consumer transactions at a  lower price with the elimination of middlemen and other intermediaries. This article gives more information about this, its benefits and other interesting facts about the technology.\u003C\u002Fp>\r\n\u003C!-- \u002Fwp:paragraph -->\r\n\r\n\u003C!-- wp:paragraph -->\r\n\u003Cp>\u003Cstrong>Let us first look at some of the - \u003C\u002Fstrong>\u003C\u002Fp>\r\n\u003C!-- \u002Fwp:paragraph -->\r\n\r\n\u003C!-- wp:heading -->\r\n\u003Ch2>Benefits of Blockchain - Blockchain Technology\u003C\u002Fh2>\r\n\u003C!-- \u002Fwp:heading -->\r\n\r\n\u003C!-- wp:image {\"id\":11572} -->\r\n\u003Cfigure class=\"wp-block-image\">\u003Cimg src=\"https:\u002F\u002Ftest.yugasa.org\u002Fpublic\u002Fwp-content\u002Fuploads\u002F2018\u002F07\u002Ffacts-about-blockchain.jpg\" alt=\"facts about blockchain\" \u002F>\r\n\u003Cfigcaption>Image Credit: Pxhere\u003C\u002Ffigcaption>\r\n\u003C\u002Ffigure>\r\n\u003C!-- \u002Fwp:image -->\r\n\r\n\u003C!-- wp:list -->\r\n\u003Cul>\r\n\u003Cli>Blockchain development is the most secure technology.\u003C\u002Fli>\r\n\u003Cli>It reduces the cost of online transactions.\u003C\u002Fli>\r\n\u003Cli>It eliminates the need of of recolination bodies, payment processors and third parties.\u003C\u002Fli>\r\n\u003Cli>It is encrypted using cryptography so it is very secure.\u003C\u002Fli>\r\n\u003Cli>It has a lot of cyber security advantages.\u003C\u002Fli>\r\n\u003C\u002Ful>\r\n\u003C!-- \u002Fwp:list -->\r\n\r\n\u003C!-- wp:paragraph -->\r\n\u003Cp>Apart from the above advantages that Blockchain has lot of other interesting facts as well. Let us take a look at few of them:\u003C\u002Fp>\r\n\u003C!-- \u002Fwp:paragraph -->\r\n\r\n\u003C!-- wp:list -->\r\n\u003Cul>\r\n\u003Cli>According to a study only 0.5% of the total population in the world use this technology. But it has a lot of potential as 50% of the population use internet.\u003C\u002Fli>\r\n\u003Cli>In terms of blockchain development, it stands where the internet was 20 years ago.\u003C\u002Fli>\r\n\u003Cli>Venture capitalist have shown great interest in the technology. They have invested over $1 billion on the blockchain companies in the last five years.\u003C\u002Fli>\r\n\u003Cli>Blockchain technology can be broadly classified into two categories; private and public like the intranet and the internet\u003C\u002Fli>\r\n\u003Cli>Connecting to a blockchain for the first time is vulnerable.\u003C\u002Fli>\r\n\u003Cli>According to sources, one third of the C level executives are ready to use or adapt the blockchain technology.\u003C\u002Fli>\r\n\u003Cli>Bitcoin, a money exchange system was the pioneer in the blockchain technology. Today it has more than 8 million accounts. It has grown more than 100% since its inception in the year 2010.\u003C\u002Fli>\r\n\u003Cli>A random survey states that 9 out of 10 people agree that blockchain is going to disrupt the banking and financial industry. It is expected that banks can save US $ 8-12 billion annually when they use the technology.\u003C\u002Fli>\r\n\u003Cli>The big ben companies like IBM and Microsoft have also invested considerable amount and resources  in the development of blockchain technology.\u003C\u002Fli>\r\n\u003Cli>Blockchain technology is highly transparent as the entire chain can be tracked by the user.\u003C\u002Fli>\r\n\u003Cli>The global blockchain market is expected to be worth US $ 20 billion by the year 2024.\u003C\u002Fli>\r\n\u003Cli>Approximately 90% of the European and American banks are exploring the possibility of using blockchain technology.\u003C\u002Fli>\r\n\u003C\u002Ful>\r\n\u003C!-- \u002Fwp:list -->\r\n\r\n\u003C!-- wp:paragraph -->\r\n\u003Cp>If you are looking for the right time to learn about blockchain technology then today is the best day to start! The blockchain technology is booming now and is the right time to start using it for your business.\u003C\u002Fp>\r\n\u003C!-- \u002Fwp:paragraph -->\r\n\r\n\u003C!-- wp:paragraph -->\r\n\u003Cp>Read More: \u003Ca href=\"https:\u002F\u002Ftest.yugasa.org\u002Fnews\u002Fmit-researchers-uses-ai-to-recreate-the-painting-techniques\u002F\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"MIT RESEARCHERS USES AI TO RECREATE THE PAINTING TECHNIQUES (opens in a new tab)\">MIT RESEARCHERS USES AI TO RECREATE THE PAINTING TECHNIQUES\u003C\u002Fa>\u003C\u002Fp>\r\n\u003C!-- \u002Fwp:paragraph -->\r\n\r\n\u003C!-- wp:paragraph -->\r\n\u003Cp>Reach us at \u003Ca style=\"color: #0066cc;font-weight: 400\" href=\"mailto:contact@yugasa.com\">contact@yugasa.com \u003C\u002Fa> for discussing your app project with us. We shall be more than happy to assist you in your product development.\u003C\u002Fp>\r\n\u003C!-- \u002Fwp:paragraph -->",{"title":10,"description":13,"image":14},[32,45,57,69],{"id":33,"source":9,"title":34,"slug":35,"url":36,"excerpt":37,"image":38,"author":39,"date":40,"date_formatted":41,"categories":42,"tags":44},37296,"WhatsApp adds a new \"search by date\" function to make navigating chats easier.","whatsapp-adds-a-new-search-by-date-function-to-make-navigating-chats-easier","\u002Fwhatsapp-adds-a-new-search-by-date-function-to-make-navigating-chats-easier","The well-known messaging app WhatsApp is releasing a new feature that will make sifting through conversations easier than before. Within a chat, the 'Search by...","https:\u002F\u002Fyugasa.com\u002Fpublic\u002Fwp-content\u002Fuploads\u002F2024\u002F03\u002Fsearch-by-date.jpg","Subrahmanyeswari","2024-03-11T13:46:01+00:00","March 11, 2024",[43],{"name":20,"slug":21},[],{"id":46,"source":9,"title":47,"slug":48,"url":49,"excerpt":50,"image":51,"author":39,"date":52,"date_formatted":53,"categories":54,"tags":56},37075,"Safeguarding Teenagers Online: Meta Platforms' New Safety Measures on Facebook and Instagram","meta-platforms-new-safety-measures-on-facebook-and-instagram","\u002Fmeta-platforms-new-safety-measures-on-facebook-and-instagram","Nowadays, when it comes to protecting teens from potentially harmful information and unsolicited contact, Meta Platforms, the parent company of Facebook and Ins...","https:\u002F\u002Fyugasa.com\u002Fpublic\u002Fwp-content\u002Fuploads\u002F2024\u002F02\u002FNew-Safety-Measures-on-Facebook-and-Instagram.jpg","2024-02-15T06:04:38+00:00","February 15, 2024",[55],{"name":20,"slug":21},[],{"id":58,"source":9,"title":59,"slug":60,"url":61,"excerpt":62,"image":63,"author":39,"date":64,"date_formatted":65,"categories":66,"tags":68},37069,"Navigating the Ethical Horizon: Towards a Global Framework for AI Governance","navigating-the-ethical-horizon-towards-a-global-framework-for-ai-governance","\u002Fnavigating-the-ethical-horizon-towards-a-global-framework-for-ai-governance","The introduction of ChatGPT in November 2022 was a turning point in the democratization of AI, and it created a demand for an international framework to guarant...","https:\u002F\u002Fyugasa.com\u002Fpublic\u002Fwp-content\u002Fuploads\u002F2024\u002F02\u002FFramework-for-AI.jpg","2024-02-08T06:49:53+00:00","February 8, 2024",[67],{"name":20,"slug":21},[],{"id":70,"source":9,"title":71,"slug":72,"url":73,"excerpt":74,"image":75,"author":15,"date":76,"date_formatted":77,"categories":78,"tags":80},34097,"The Manifest Names Yugasa Software Labs As One of The Most Reviewed NLP Companies In The World","yugasa-software-labs-the-most-reviewed-nlp-companies","\u002Fyugasa-software-labs-the-most-reviewed-nlp-companies","Natural Language Processing (NLP) is one of the more obscure industries in the online world. But its potential is limitless as businesses look for more ways to...","https:\u002F\u002Fyugasa.com\u002Fpublic\u002Fwp-content\u002Fuploads\u002F2022\u002F11\u002FThe-Manifest-Names-Yugasa-Software-Labs-As-One-of-The-Most-Reviewed-NLP-Companies-In-The-World.jpg","2022-11-17T07:46:07+00:00","November 17, 2022",[79],{"name":20,"slug":21},[81,84,87,90,93],{"name":82,"slug":83},"NLP","nlp",{"name":85,"slug":86},"Yugasa Software Labs","yugasa-software-labs",{"name":88,"slug":89},"The manifest","the-manifest",{"name":91,"slug":92},"Awards 2023","awards-2023",{"name":94,"slug":95},"NLP company","nlp-company",1789543935917]