Why use blockchain technology?

[rabia198]

Digital image with a blue background and three floating cubes that are connected by a bright blue thread and, above them, it says “blockchain: technology ensuring secure data and payments”, that is, a brief description of blockchain technology.
There are several reasons, beyond security and data sharing/access, to implement blockchain technology.
The blockchain 's block chain structure makes it nearly unhackable. This is because an attacker would have to control more than half of these users, which is virtually impossible.

Since this is a distributed system among several users, when an update is made, all copies are updated in a short time . In addition, new information will only be added to the network through a validation process.

Offering a strong security system that is ideal for your company, blockchain relies on proof of work . It generates an encrypted protocol that validates the transaction on another device by solving a mathematical problem.

As we have seen, the blockchain is made denmark telegram phone numbers up of a sequence of linked blocks , this is possible due to the easy validation of the hash mechanism – an algorithm that joins the block to the chain that already exists, guaranteeing the integrity of an electronic document.

It is very difficult to find the solution for each new block, making it almost impossible to break, thus providing more security. This means that attacking the system is expensive and defending it is cheaper and safer.

Considered a revolutionary technology, blockchain can transform the global industry because, after all, it has unique characteristics, such as:

Transparency: as it is decentralized, it allows all network users to have access to the transactions carried out;
Reliability: even if multiple users have access, they cannot alter any data present on the network;
Traceability: for example, seeing when a shipment will be made, where it has been and when it will be delivered;
Security: With a blockchain system and encrypted codes, the blockchain is almost inviolable.
Unlike other centralized systems, blockchain is decentralized, so information is not stored on a single device. Because it is a network of interconnected computers, the mechanism continues to operate normally. In other words, even if one of the machines that has access is turned off, transactions continue to be carried out successfully.

[yadaysrdone]

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