#blockchainsoftwaredevlopment

[victoriasmith572]

Blockchain is a type of database and to have a clear understanding of blockchain, you need to first understand what a database is.  A database is a collection of information that is stored automatically on a computer system. Information or data in databases is usually structured in a table format that allows easier searching and filtering for specific information. 

All blockchains are databases but not all databases are blockchains as there is a big difference between the two. A database is for a limited amount of information that is stored and structured in table format while a blockchain is for a large amount of data, stored in block formats.  

A blockchain collects information together in groups, also referred to as blocks, that hold these sets of information. These blocks have certain storage capacities when filled, are linked onto the previously filled block, forming a chain of data known as the “Blockchain.” The new information that follows that freshly added block is compiled into a newly formed block that will be automatically added to the chain once filled.

Jellyfish Technologies is one of the early adopters of blockchain and over the years has developed good competency in developing blockchain-based solutions. The JFT team is proficient in implementing private blockchains and smart contracts, integrating API to the blockchain, and other custom requirements.

Read More:- https://www.jellyfishtechnologies.com/blockchain-for-insurance-business.html