Blockchain in social media platforms ensures greater privacy, helping users to realize their rights to express themselves freely, and improve the production of passive income for users.
TRON was devised in the year 2017 by Justin Sun.
Later in 2018, it is separated from ETH and developed as an own token.Tron is a blockchain-based operating system on which anyone can create decentralized applications and share content.
Tron was developed with a prime focus which is to help content creators by offering them rewards for their efforts on work.
Currently, the social media industry is ruled by many giant industries like youtube, Facebook, and other applications.
Here the content creator will be paid less amount of money.
To cut down the middle-media party and allowing content creators to receive rewards directly from the viewers TRON network is used.
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It’s the technology that made global payments not only fast but also affordable.
And, that statement seems to be coming true given the increasing popularity and demand for blockchain.
But, can blockchain achieve or maybe surpass the popularity of the internet?
Let’s find out.What is blockchain?Blockchain is a decentralized ledger, where information is stored in connected blocks.
As a distributed ledger technology (DLT), blockchain stores information in a decentralized, public manner such that it is viewable to everyone but cannot be changed, which makes it secure against unauthorised access.
The lack of a centralized point of error/weakness is what makes blockchain the most secure way to store and transfer digital data.The core properties of blockchain include security, programmability, anonymity, immutability, distributed, unanimity, and time-stamping.
Supply chain organizations can use Blockchain to solve many industry obstacles, such as record-keeping and product tracking.
The decentralized technology will soon replace the centralized administration of databases.
Besides record-keeping and monitoring, several areas exist in which the Blockchain aids the effective enhancement of a supply chain.In this article, let us go over some benefits of the blockchain technology in supply chain industry.
Blockchain upgrade in Supply Chains lead to,Product Tracking:Even company with an advanced workforce lose track of transactions due to the high degree of transactions in the supply chains.
Supply chain logistics bodies can eliminate the excess spending via Blockchain deployment.
Supply Chain Logistics teams can eliminate expenses on security, staffing, intermediaries, and other resources by integrating Blockchain.Instilling Trust:Supply chains are complex networks with several entities and parties working in various cycles of product manufacturing, management, and shipment, to name a few.
