Is blockchain the future? / Why blockchain is the future?

31 Oct 2022

Yes, blockchain is the future because of its diversity of applications:

Blockchain 1.0 is a cryptocurrency and blockchain-based payment gateway that involves crypto conversion and transfer activity via an exchange or payment processor. This is the most well-known part of the blockchain, and consumers commonly mix up Bitcoin and blockchain. Cryptocurrency is accepted.

Blockchain 2.0 is used to create financial processors and digital banking contracts. Blockchain 2.0 assets include shares, checks, debts, and everything tied to an agreement or contract. This version is applied to create blockchain digital payment services such as PayCEC.

Specifically, PayCEC is a blockchain-based payment gateway that facilitates international cryptocurrency transfers. Consumers must use an OTD code to validate each transaction using the 3-D security function. Merchants have complete control over the design of the digital gateway interface. This blockchain payment gateway has received PCI DSS certification for financial services, indicating that the system is stable and up to date.

Blockchain 3.0 is being utilized to develop monitoring and monitored programs in a range of industries, including education, healthcare, and government institutions.