Blockchain is a distributed database that maintains a continuously growing list of records called blocks secured from adaptation. Blockchain was first coined by Satoshi Nakamoto in 2008 in his paper about Cryptocurrency.
Blockchain Versions: 1.0 to 4.0
Satoshi Nakamoto is first paper discussed only about Blockchain’s application in Cryptocurrency and he created Bitcoin in 03 Jan 2009. Implementation of distributed ledger technology (DLT) to cryptocurrencies.
Blockchain 2.0 :
I)Blockchain 2.0 is data protection solution based version
II)Smart Contracts are small computer programs that “live” in the blockchain. It offers making it impossible to hack Smart Contracts.
II)Innovating in normal market and Legislation.
Examples : Banking & Payments and Smart Contracts.
Banking and Payments Smart Contracts
I) DWApp is an abbreviated form for Decentralized Web Application avoiding centralized infrastructure. DWApp simply means that fronted and contracts
II)Develop the application of Blockchain in all domains like Telecom, Retail etc.
Retail, Telecom, IoT, Healthcare Insurance and Manufacturing domains
Compare with Blockchain versions 4.0 is highly improvement through Artificial Intelligence technology, machine learning and autonomously placing an order for replacement parts to arrive. In this version specially Industry demands.