What problems do blockchains solve?
Blockchain is still a relatively new technology, so it is not familiar to the masses. But even if one is just learning about blockchains, it is essential to understand the problems they solve.
* Blockchains are distributed databases that allow for secure, transparent, and tamper-proof transactions.
* They are a way to create trust where there was none before. Blockchains can streamline processes and save businesses time and money by removing the need for a third party.
* Blockchains can also be used to create digital identities, which can be used to verify one’s identity online or track one’s medical history.
* These are only some of the advantages of blockchain technology. The possibilities are endless, and the best is yet to come.
