The value of Blockchain Technology

The decentralized aspect of blockchain technology provides for better protection and trust than traditional systems. 20 years ago, W. Jeff Stornetta and Stuart Producir outlined this kind of technology, and sought to implement a method where document time stamps couldn’t be transformed. Today, Bitcoin is the most prominent real-life example of blockchain technology. By using the blockchain as a means to record payments, but it can also be used for any data point. For that reason, blockchain technology has become a priceless resource for various industries.

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