Without a shadow of doubt, Blockchain has become one of the most critical technologies in recent times. If we take Transparency Market Research into account, the blockchain market will be worth US$20 billion by the end of 2020. Through Blockchain, financial institutions can reduce their operational costs to a certain extent. Similarly, the role of Blockchain in the future will come in handy as its business value-add will increase up to US$ 176 billion within the next five years or so.The story does not end here, as Blockchain has so much to offer. Yes, you have guessed it correctly. You can use the said technology in different areas like agriculture, banking, health, information technology, supply chain, etc. However, you cannot undermine the value of Blockchain it provides when it comes to securing organizational and public data both. If you are willing to adopt this innovative technology, you should thoroughly analyze its significant upsides and downsides. Thus, you can reap the rewards of Blockchain applications successfully. This post will highlight its major advantages alongside its limitations that help you use Blockchain to correctly secure users’ data. Without further ado, let’s start!Offers Validation along with EncryptionThe best thing about ...
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