Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: emma.lee1890 on August 22, 2018, 08:35:00 PM
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Blockchain technology, which offers a more decentralized approach to data management and sharing, can improve the transparency, speed, and responsiveness of these complex ecosystems by the following means:
1. Time-stamping, tracking, and automating transactions, so that events can be audited in real time .
2. Minimizing the involvement of intermediaries such as bankers, insurers, and brokers .
3. Setting up a wide range of self-executing contracts to automate repetitive processes such as billing and shipping .
4. Establishing proof of quality, provenance, payment, and performance to minimize counterfeiting and fraud .
5. Making it easier, faster, and cheaper to onboard new vendors and partners by assigning digital IDs.
The explanation of the technology promised :
A blockchain isn’t an ethereal thing out there in the universe that you can “put” things into, it’s a specific data structure: a linear transaction log, typically replicated by computers whose owners (called miners) are rewarded for logging new transactions.
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A good explanation of blockchain technology. I think everyone should understand blockchain technology and how blockchain works.
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A good explanation of blockchain technology. I think everyone should understand blockchain technology and how blockchain works.
I agree with you mate. everyone should understand blockchain technology and how blockchain works.Block chain is the future technology.
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A good explanation of blockchain technology. I think everyone should understand blockchain technology and how blockchain works.
It's not easy to learn blockchain technology. need time and experience. I think blockchain technology is very complicated.
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Very detailed explanation. In short, blockchain is a kind of account book used in a bank. Blockchain is able to record all transactions or data automatically and do not have to use third parties.