BLOCKCHAIN TECHNOLOGY: REVOLUTIONIZING

INDUSTRIES
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 INTRODUCTION
"Blockchain, the foundational technology behind
cryptocurrencies like Bitcoin, is a decentralized and
distributed ledger system. It ensures secure,
transparent, and efficient transactions, significantly
impacting industries beyond finance. Each record,
known as a block, is linked to the previous one,
forming a chain of blocks. These transactions are
permanent, immutable, and resistant to modification,
ensuring trust and transparency in the network.By
decentralizing trust and improving data integrity, it's
poised to revolutionize diverse sectors such as
finance, supply chain, healthcare, and more, fostering
a new era of secure and decentralized transactions."
KEY FEATURES OF BLOCKCHAIN

◼ Immutable Ledger: Data cannot be altered or deleted once recorded

◼ Decentralization: No central authority, data is distributed across a network

◼ Transparency: All transactions are visible to participants

◼ Security: Cryptographic algorithms secure the data

APPLICATIONS OF BLOCKCHAIN

◼ Finance: Cryptocurrencies, smart contracts, and remittances.

◼ Supply Chain: Tracking and authentication of products.
◼ Healthcare: Electronic health records and drug traceability.
◼ Real Estate: Property records and transactions.
◼ Voting Systems