Blockchain uses cryptographic techniques and decentralization, making it highly resistant to tampering, fraud, and unauthorized access. Once data is recorded, it is nearly impossible to alter.
Transactions on a blockchain are recorded on a distributed ledger, providing all participants access to the same data. This ensures transparency and trust among stakeholders.
Once a transaction is recorded on the blockchain, it cannot be changed or deleted. This ensures a permanent and auditable record, increasing trust and accountability.
Blockchain operates on a peer-to-peer network without the need for central authority, reducing reliance on intermediaries like banks or brokers, which can reduce costs and bottlenecks.
Blockchain enables the tracking of assets or products through every stage of the supply chain, improving traceability, reducing fraud, and enhancing product safety and authenticity.
By removing intermediaries and automating processes, blockchain can reduce transaction fees, improve efficiency, and streamline workflows.
These self-executing contracts run on the blockchain and automatically enforce the terms of an agreement, reducing the need for intermediaries and speeding up transaction processes.
Blockchain can process transactions quickly and securely, especially in cross-border payments, eliminating delays associated with traditional banking systems.
Blockchain allows for the secure sharing of sensitive data without exposing it to unauthorized parties, which is especially useful in healthcare, finance, and supply chains.
Each transaction is recorded with time stamps and user-specific information, allowing for greater accountability in business processes.
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