How Does Blockchain Secure the Data Privacy of Businesses?

How Does Blockchain Secure the Data Privacy of Businesses?

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What is Blockchain?

Blockchain is a distributed, decentralized ledger technology that makes transactions safe and transparent. It was first presented as the foundational technology of cryptocurrencies such as Bitcoin. Its possible uses, nevertheless, go well beyond virtual currencies.

A blockchain is fundamentally just a series of blocks, each of which has a list of transactions on it. Cryptographic hashes are used to connect these blocks, resulting in an unchangeable and impenetrable record of every transaction. Its decentralized structure makes it immune to attacks since it does not require a central authority.

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