Smilo
BACKGROUND The world has witnessed an overwhelming interest in Blockchain across various industries across nations, from tens of hundred new startups, to dedicated blockchain labs showing up in both commercial and federal institutions, or to multiple consortia established for solving major challenges of their industry. Blockchain technology retains a great level of detail in its records for all financial and non-financial transactions made. Blockchain technology minimizes the chances of misinformation or manipulated information being distributed across the network. One of the best parts up for discussion about public blockchain is that it’s generally not governed by one particular entity. Each participant or entity gets the opportunity to share or generate copies. While some see it as strength, it is also viewed as a big disadvantage as few might claim it’s not secure enough. Fortunately, Blockchain technology can be utilized in three different ways—public, private and hy...