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Bitcoin, also popularly known as Cryptocurrency, is the unregulated digital currency that was launched to make online transactions more simplified across financial sectors. Blockchain is the groundwork that maintains the Bitcoin transaction ledger. The technological giants –IBM, Amazon and Microsoft have entered the Blockchain technology as the companies have started offering the Blockchain as a Service (BaaS) for the global market. The involved digital transaction encompasses a streamlined workflow with a secured and managed blockchain services through a replicated ledger. The technology has taken the financial world by storm, as there is a mass implementation from major corporations.