Four Key Features of Blockchain Technology
Even though blockchain technology is in its early stages, there are many things in our society that it is going to change. To start, it has already begun to solve the problem of manipulation and is starting to disrupt multiple industries, making the process of recording transactions more democratic, transparent, secure, and efficient. If you are not as familiar with blockchain technology as you would like, here are the four key features that makeup blockchain technology. Decentralized Systems Decentralized technologies, like that of the blockchain, allows us to store assets in a network that anyone can access. The assets can be anything from a token, a chain-of-evidence document, a contract, or property registry documents. Through blockchain technology, the owner of the documents has direct control through their private key, which is directly linked to the asset. Blockchain technology has proven itself and has the potential to bring massive change to the financial industry and the fiel...