Security
Data records are hashed to ensure their veracity and the distributed network makes it difficult for an outside attacker to disrupt or modify the ledger.
Blockchain technology is a secure platform, a digital ledger, that enables transfer of data and value without the need for a traditional intermediary such as an auditor or escrow. This ‘trustless system’ is streamlining business transactions providing substantive and early impact on the healthcare industry, manufacturing, government processes, and supply chain management.
Data records are hashed to ensure their veracity and the distributed network makes it difficult for an outside attacker to disrupt or modify the ledger.
Blockchain is built across a distributed network of nodes so that even if several servers are
down or attacked, the network, as a whole, will still function.
Data, once recorded and validated, cannot be modified without the consent of all
participants.
Each participant controls a full copy of the ledger, meaning one participant cannot change a value in the ledger without alerting all participants.
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