The value of Blockchain Technology

The decentralized mother nature of blockchain technology allows for better security and trust than traditional systems. In 1991, W. Scott Stornetta and Stuart Producir outlined this kind of technology, and sought to implement a process where report time stamps could hardly be altered. Today, Bitcoin is the most prominent real-life example of blockchain technology. By using the blockchain as a means to record repayments, but it can also be used for any data point. This is why, blockchain technology has become a precious resource for various industries.

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