Data Related Concepts


Blockchain is a distributed, encrypted database model that has the potential to solve many problems around online trust and security. Blockchains can potentially use a lot of energy and create high levels of carbon emissions because of this, during 2022, we are likely to see a great deal of emphasis on attempts to “greenify” blockchain. Currently, there are at least four types of blockchain networks — public blockchains, private blockchains, consortium blockchains, and hybrid blockchains. The worldwide blockchain market was valued at $1.57 billion in 2018 & is forecast to grow more than hundred times to $163 billion by 2027.