How Vizag City Will Become Capital of Blockchain
Recently India’s Prime Minister Narendra Modi was surprisingly full of praise towards blockchain’s development potential and was critical about the need for “rapid adaptation” to this technology. While Governments are usually skeptical about Cryptocurrency, the transparency that blockchain technology offers will surely be beneficial in India which is a victim of 69% bribery rate and was ranked most corrupted nation in Asia in 2017. Loan frauds systematically reach $2 billion every year, resulting in usual increase in interest rates on business loans by up to 20%.
According to investopedia, "A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Constantly growing as ‘completed’ blocks (the most recent transactions) are recorded and added to it in c...