Blockchain technology is like a permanent record of transactions. It can't be tampered with because it's encrypted. Blockchain is a distributed ledger that can be used to store transaction records. It’s tamper-proof and verifiable by everyone. Private data is ensured by limited access permissions
Distributed ledger transparency and traceability offer. This technology automates the tracking process, which makes it easier to see where things are in the supply chain. Furthermore, the networks are robust and can withstand downtime as well as insider risks.
The consensus mechanism provides a single source of truth to enable the issuance of financial assets. It eliminates the problems of double spending, fraud, and the need to continuously reconcile between trading and financing parties involved in the transfer of digital assets.
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