Answer :
It makes it possible for a decentralised environment where all network participants may communicate safely without the requirement for a reliable authority. By using distributed consensus to validate and store all transactions, it does away with the requirement for a central authority.
Blockchain is well-known for being an important component of cryptocurrency systems like Bitcoin. A secure, decentralized log of bitcoin transactions is maintained by it. Therefore, blockchain can do away with the requirement for a middleman and guarantee the security and accuracy of data records. Immutability. The blockchain records are protected using cryptography, where each network user has their own private and secure keys. This key is assigned directly to the transaction keys and acts as a distinctive digital signature. Blockchain creates new cost-saving efficiencies while enhancing the traceability, security, reliability, and transparency of data exchanged throughout a business network.
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