Blockchain - Trust, Plus Transparency & Accountability
March 18, 2024•128 words
A revolutionary ledger system...
A fancy record-keeping system...
These records are copied throughout the nodes/computers throughout the world.
These records are highly encrypted, with only the two parties having the keys.
After the information or record is recorded, it cannot be changed.
Therefore, there is a trust component, plus transparency and accountability.
Blockchains can be decentralized - peer-to-peer networks.
Blockchain smart contracts - no middleman/middle person
Here are just a few industries that are leveraging blockchain technology:
- Supply Chain Management
- Healthcare
- Real Estate
- Digital Identity
- Energy and Utilities
- Finance and Banking
- Entertainment and Media
- Gaming
- Retail
- Insurance
- Education
- Urban Planning
- The list goes on...
- Open Source Software Development
- Open Source Blockchain Platforms