Q. Why is blockchain so useful?
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Why is blockchain so useful?


22

Answers

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29

Jun, 2018

  • kumar15

    Blockchain is useful because it provides decentralized and transparent transactions, improves security, eliminates intermediaries, and enables traceability and immutability of data.
    Additionally, blockchain technology allows for efficient and reliable peer-to-peer transactions, reduces the risk of fraud and tampering, enhances supply chain management, facilitates smart contracts and automated processes, and empowers individuals with greater control over their personal data and digital assets.Furthermore, blockchain app development companyenables the creation of decentralized applications and platforms, fosters innovation in various industries such as finance, healthcare, and logistics, promotes trust and accountability among participants, and offers the potential for cost savings and increased efficiency through the elimination of centralized authorities.


       

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  • bsetec

    Blockchain is useful because of its features such as
    - Immutability: Once a data is written within a blockchain it cannot be tampered or modified. so it provides a robust database.
    - Transparency: Every node in the blockchain has a copy of every ransaction took place so it is transparent.
    - Traceability: Blokchain leaves an irrevesible audit traial which makes tracing easy.
    To know more about blockchain uses and custom blockchain services , get in touch with the best blockchain software development company.


       

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  • wilsonmarry

    Blockchain is a way to store information that makes it hard or impossible to hack, change, or cheat the system. A blockchain is just a digital record of transactions that is copied and sent to all of the computers in the blockchain’s network. With an experienced blockchain development company, you can take advantage of the many business opportunities.


       

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  • jamessmith1255

    Blockchain is a decentralized technology The way in which businesses and organizations store data will undergo drastic changes by the use of blockchain technology. In today’s digital era every business need blockchain technology because The future of Blockchain in terms of technology trends is extremely upward-looking. If you are looking for blockchain development service you need to hire a professional US based blockchain development company.


       

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  • johnrobert

    Blockchain is one of the fast-growing technologies in recent times. It has emerged as a great idea for business people to make their business operations more decentralized and secure.
    With help of this blockchain development technology, many startups and entrepreneurs are reaping profits in their businesses. Hence, developing a reliable blockchain that suits the business requirements is a viable one for a startup.
    So, if you’re willing to create your own blockchain for your business, then get help from the professional blockchain development company in the industry @ Click Here


       

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Asked in Category

Cryptocurrency

Cryptocurrency is a secure, trustful and transparent digital currency which can neither be counterfeited nor be reversed arbitrarily by the sender. It eliminates the necessity of a third party involvement for the exchange, as it is encrypted and peer-to-peer virtual currency. For those who prefer non-disclosure and privacy, cryptocurrency is the solution. The use of this kind of virtual currency prevents any kind of identity theft. The concept of cryptocurrency has given birth to reliable e-cash.

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