In recent years, blockchain technology has become increasingly popular. But what is it?
Blockchain technology is a type of digital ledger that records and stores data in a secure and distributed manner. It is used to store information across a network of computers, rather than on a centralized database.
What Are the Benefits of Blockchain Technology?
Blockchain technology can provide many benefits over traditional methods of storing and transmitting data.
– More secure than traditional methods– Increases trust and transparency– Traceability of data shared across a business network– Transactions are stored on an encrypted ledger that is distributed across the network.