How does blockchain technology help organizations when sharing data?
Answers
Answer:
Explanation:
The decentralized nature of blockchain allows data to be shared easily across organizations, which are also able to control who can gain access. Information can be stored on a dedicated ledger in a blockchain database that individuals and companies can access online.
Blockchain is a database system that stores and records data in such a way that different companies and individuals can reliably share real-time access to the same data while minimising security, privacy, and control concerns.
Due to blockchain's decentralised structure, data can be easily transferred across businesses. In a blockchain, information can be kept on a specialised ledger.
Blockchain establishes a distributed ledger that may be accessed by several networked devices. On the network, users can share files and values.
Blockchain's decentralised structure allows data to be easily exchanged across businesses while also allowing them to manage who has access.
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