Definition
Blockchain technology is a decentralized digital ledger technology that enables secure, transparent, and immutable record-keeping of transactions across a network of computers. It allows participants to verify and record transactions in a tamper-resistant manner without the need for intermediaries. Blockchain technology has applications in various industries, including finance, supply chain management, healthcare, real estate, and digital currencies like Bitcoin and Ethereum.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.