Blockchain can simplify data management by creating a trusted digital ledger that all parties agree on. For example, a blockchain for government data could help public sector bodies keep a verified record of official data that could be accessed across departments.
What is blockchain in real life?Data sharing. Introduced by IOTA, a distributed ledger technology developed by the IOTA Foundation, it involves using the blockchain to share or sell unused data. Blockchain can be used as a marketplace to store data which can be used to improve a host of industries.
What companies are using blockchain technology?6 Companies Using Blockchain To Change Travel
What is blockchain example?A Blockchain is a chain of blocks which contain information. The data which is stored inside a block depends on the type of blockchain. For Example, A Bitcoin Block contains information about the Sender, Receiver, number of bitcoins to be transferred. The first block in the chain is called the Genesis block.
What is blockchain technology and how does it work?Blockchain technology is a structure that stores transactional records, also known as the block, of the public in several databases, known as the “chain,” in a network connected through peer-to-peer nodes. Typically, this storage is referred to as a 'digital ledger.