Learn more about the value brought by blockchain technology in this article?

Many investors are exposed to blockchain technology for the first time. The question that everyone is more concerned about is what value blockchain technology brings. In fact, blockchain technology has brought us a lot of value. The first is its own Building capabilities, then information sharing, and developing enterprise standards and comprehensive governance of the ecosystem, etc.

What are the values ​​brought by blockchain technology?

The value of blockchain is mainly reflected in its construction capabilities, information sharing, ecosystem governance and the formulation of corporate standards. These are the most common values ​​of blockchain technology.

Many cities are trying to use blockchain technology to improve comprehensive urban construction capabilities, which reflects the important value of blockchain in building capabilities.

In the information age, information sharing has become crucial. Only by obtaining valuable information in a timely manner can enterprises grasp market trends and ensure stable development.

In enterprise operations, when formulating enterprise standards, the platform used and the data sharing standard must be taken into consideration. At the same time, reasonable control of data is also crucial, and these aspects can be confirmed through blockchain technology.

Blockchain technology can be used to confirm comprehensive governance measures for the ecosystem, help establish good governance standards that adapt to actual conditions, and make ecosystem governance more efficient and transparent. This innovative approach helps keep pace with the times.

Introduction to the characteristics of blockchain technology

·Decentralization: Since the blockchain relies on each node to jointly maintain the system and ensure the authenticity of information transmission, it is based on distributed storage of data , and there is no centralized management by a center, so attacks and tampering on a certain node will not affect the healthy operation of the entire network; the blockchain is not absolutely decentralized. Different architectures have different degrees of decentralization: depending on the application scenario, there can be complete decentralization, multi-center, and weak center. As the public chain is often said, it is a decentralized distributed ledger open to all Internet users, such as Bitcoin and Ethereum, which are completely decentralized public chain architectures.

·De-trust: The establishment of a connection between any two nodes does not require trust in each other's identities, and the exchange of data between the two parties does not require the basis of mutual trust. Since all nodes in the network can act as "supervisors", there is no need to worry about fraud; due to the distributed sharing of ledgers, distributed storage of data, and distributed records of transactions, everyone can participate in this kind of In the distributed accounting system, the transaction information on the ledger is also open to everyone, so anyone can check, audit and trace the data information on the blockchain through the public interface. It is precisely because of the high transparency of the blockchain's distributed shared ledger that all related parties can be sure that the information in the on-chain database has not been tampered with and cannot be tampered with.

·Scalable: Blockchain is an underlying open source technology, on which various extensions, decentralization, and trustless applications can be realized;

·Anonymization: data exchange Both parties can be anonymous, and nodes in the network do not need to know each other's identities and personal information to exchange data. Privacy anonymity means that the blockchain uses the privacy protection mechanism of cryptography to protect the private information of traders according to different application scenarios. The identity of the trader will not be disclosed during the entire process of participating in the transaction. The identity of the trader and the transaction Details are not viewable by third parties or unrelated parties.

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