what is blockchain and what are its advantages
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The advantages of block chain are healthcare, defense,Government , Law etc..
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- You can future proof your company, because Blockchains are essentially the future of the internet.
- Protecting from data hacks/leaks, since Blockchains are designed to be decentralized (basically, by splitting up the database across different computers/nodes, you essentially create multiple copies like a torrent file across different users. Therefore, a hacker would have to spend a significant amount of time, money, and effort to own 50%+ of the network in order to force a change in the Blockchain's record).
- Decentralize your data so as to lessen the cost of servers, all without compromising the data.
- Tokenize/create financial incentive across your platform to get your users to engage and generate content.
- Create an immutable record system for all transactions across your platform (assets, securities, contracts/deeds, titles, etc).
- Establish privacy for users, and allow them to facilitate what data gets shared with advertisers, etc.
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