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What are the benefits of Blockchain?

Answer»

Here are the benefits of using Blockchain Technology:

  • It allows users verification WITHOUT any dependency on third-party software.
  • The data structure used in Blockchain is append-only. Hence it cannot be edited or ALTERED with.
  • It uses cryptography technology to secure data ledgers.

Note: Although Blockchain is being used by only 0.5% of the world’s population, TECH giants like IBM and Microsoft are investing a lot of resources and manpower in Blockchain-related projects. Read our COMPREHENSIVE collection of blockchain interview questions to know more.


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