a company wishes to begin the process of implementing a multiparty system and is looking for other companies with similar interests to join them. With blockchain, every organization sees the same data. What does this provide?
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If a company wishes to begin the process of implementing a multiparty system using blockchain, this provides Trust among the organizations.
- A blockchain is a listing of records, referred to as blocks. Cryptography is used to link those blocks collectively.
- By using a blockchain, all the organizations involved with the company have access to the data.
- This makes sure that no data or information is hidden from the partners and there is complete transparency.
- This develops a feeling of trust that is very important when 2 or more companies come together and work towards a common goal.
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Answer:
trust
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