Ameya Dixit, Blaze Rodrigues, Kaustubh Yadav, Thomas Chacko and Lata Ragha
Conventionally, money and other transactions are made through an intermediary entity or organization and we have to rely on them and assume that they would carry out the transactions in a neutral or unbiased manner. This involves a lot of risk as we have to blindly place our trust on them. Blockchain is a technology which has the potential to revolutionize the finance and banking sector by introducing a peer to peer decentralized transaction system. Blockchain is a type of distributed ledger or distributed database which keeps a record of digital transactions. Instead of having a centralized database system, here the database is replicated and distributed across the network and synchronized via the internet.
File Storage, Distributed consensus, Cryptography, Block, Ledger, Proof of work.