January 2019

Significance of Permissioned Blockchains

The blockchain is an distributed digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value. blockchain technology created the backbone of IoT(Internet of Things). Blockchain was Originally devised for the digital currency, Bitcoin, the tech community is now finding other potential uses for the technology. The blockchain database isn’t stored in multiple locations, meaning the records it keeps are truly public and easily verifiable. The data is decentralized and this information doesn’t exist for a hacker to corrupt.

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