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Rachel Welch

23 October 2022 208 Read Blockchain

What Are the Benefits of Blockchain?

Blockchain technology is a great way to track data in real time. It can be used in almost any sector, including energy, healthcare, real estate, government, and logistics. Blockchains can also improve privacy for patients by providing them with an opportunity to grant permission to use their data. And because they are decentralized, they can prevent tampering.

Because it is decentralized, the data recorded in blockchain is immutable. Any change to the data is reflected in all network nodes, and this makes it difficult to forge or manipulate data. Additionally, the network is open to everyone, and anyone can contribute. This means that any business, whether big or small, can contribute to the chain.