So, it’s secure, it can’t be changed without everyone seeing it, and it’s transparent, so any one party to a blockchain can see where each piece of data was created, when, and by whom. It can do multiple things, but it feels like a solution in search of a problem .
Read moreWhat is blockchain best used for?
Different types of information can be stored on a blockchain, but the most common use so far has been as a ledger for transactions . In Bitcoin’s case, blockchain is used in a decentralized way so that no single person or group has control—rather, all users collectively retain control.
Read moreIs blockchain really useful?
Blockchain increases trust, security, transparency, and the traceability of data shared across a business network — and delivers cost savings with new efficiencies.
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