Blockchain technology allows digital information to be distributed but not copied. Because of this, it might just have created the backbone of a new type of internet. Coin Pedia brought this interesting information to us in their article, “Blockchain Technology Adopted for Land Record, Nasdaq Overstock Already Participating.”
It continues to evolve making it useful in a variety of applications. This is key to its popularity, especially in data security crisis scenarios we are currently experiencing.
A lot of institutions have been investing in research, in the technology. Several breakthrough dApps are gaining dominance with full-blown velocity in usage. Carrying out records with blockchain technology makes the entire storage of details inalterable.
This means that when any change takes place, it is noted and recorded with the time stamps. Due to this, any manipulation in records can be easily tracked down with an adequate study of the forensics. The technology could be the answer to proving land ownership where other records fail. Several countries are already trying blockchain-based registries.
Melody K. Smith
Sponsored by Access Innovations, the world leader in thesaurus, ontology, and taxonomy creation and metadata application.