Blockchain is not just about money "

Digital currencies have introduced blockchain, but it is worth remembering that Blockchain is not just about money, even though it is a technology very associated with cryptocurrencies and financial transactions, this technology goes beyond that. Applications of the most varied types can benefit from the innovations that blockchain provides, as it is able to bring more security, reliability and transparency to the most different areas of a business.

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The security provided by digital printing would not be the only advantage of the blockchain, since another Notable feature of the technology is its distributed structure, this technology does not need a main server or a centralized system to control the entire operation, because everything is maintained with us.

As the blocks cannot be deleted on the blockchain, this makes it extremely difficult to manipulate data, fraud and other malicious actions, that is, everything is recorded, including any and all changes, so if an information needs to be updated, new blocks are created for it .

Even if a node suffers some kind of violation, the system itself will not be affected because the blockchain is distributed among all the nodes, and some of it becomes inaccessible, the application continues to run, as the block chain remains active on the others.

The blockchain has such a dynamic structure that it can be taken to applications very different from finance, the technology can then be taken to Internet of Things (IoT), create smart contracts, be used for document exchange and validation, and maintain transparency public not only for government agencies but also for publicly traded companies.

We can see this scenario improving more and more, and blockchain is not just a passing idea, as the benefits offered by technology surpass any fad, so organizations in all sectors need to adapt to the new times.

Thanks for stopping by and reading my post. ❧

Posted Using LeoFinance Beta



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