Blockchain has increasingly become a technology you hear about, but you may not completely understand how it works. It’s often painted as a controversial technology because the corrupt behaviors of people managing cryptocurrency exchanges have put a negative sheen on the technology. The technology, however, has a wide range of applications across various industries due to its decentralized, secure, and transparent nature. Let’s take a look at a couple of the uses for blockchain.
Blockchain has been one of the technologies that are most cited on those “emerging technologies” lists at the beginning of each year for the past several, yet there is no mainstream indication that the technology is being integrated into tools that can benefit businesses and individuals. Today, we thought we would take a look at some of the ways blockchain technology was going to be used to improve digital systems and what is taking so long for these tools to be developed and initiated.
As we discuss business technology, we occasionally broach topics that not everyone may be familiar with. Despite the recent media coverage that has been afforded to it, Bitcoin and blockchain technology may be a good example of one such topic. To resolve this, we’ve put together the following primer on this technology and how it will impact data security in the future.
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