Information and Communications Technology

The blockchain technology market is growing due to certain factors. One of the core principles of blockchain is decentralization, which eliminates intermediaries to create a more robust and transparent network. This has attracted the interest of industries because it offers improved security, reduced reliance on central authorities, and higher efficiency. Smart contracts have enabled trustless transactions where parties can enter into agreements without depending on any central authority or third party. It is this heightened enthusiasm that represents a wider trend towards empowering individuals, enhancing privacy, and upheaving traditional trusts and systems of governance.