Blockchain Technology Proposal
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Blockchain Technology Proposal
Blockchain is a cryptocurrency wallet that has decentralized storage. Decentralization of data has given all members of the real-time wallet access to the time-stamped data stored. Mischievous alteration of recorded data is impossible since all members must come to a consensus. According to Blasco (2019), uploaded data cannot be permanently erased but instead updated. Hacking and destruction of the cryptocurrency wallet are impossible since it necessitates complete control of all domain accounts across the globe, which is practically impossible. The cryptocurrency wallet generates access codes for expected members to join secure business deals at dictated capacities.
The blockchain technology is the only safe way to conduct payments, business deals, authenticate products, and synchronize devices to stay informed and updated.
References
Blasco, N. J., & Fett, N. A. (2019). Blockchain security: Situational crime prevention theory and distributed cyber systems. International Journal of Cybersecurity Intelligence & Cybercrime, 2(2), 44-59. https://vc.bridgew.edu/ijcic/vol2/iss2/4/