Steem Crypto Academy Week 6 Homework Post for @gbenga//All About Blockchain Security 2

Hello everyone,
Welcome to the Steem Crypto Academy I will discuss with you below about the works of Week 6 as much as I have ideas or as much as I can learn. Today's homework was the task the security benefits of applying blockchain within any industry and the impact of cryptocurrency on the industry.

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The cryptocurrency is an international currency. Everything in our lives has a secret Similarly, Trouble Currency Security is a technology that helps protect your account from third parties. Blockchain technology has evolved extensively since the introduction of Bitcoin. Active blockchain networks contain a lot of data related to transactions, transactions and contracts between cryptographic-sized systems across different blocks, which gives blockchain technology greater transparency and protection. And simple traceability are able to give businesses new opportunities and benefits.

The first applying of blockchain with any industry is the digital signature. When we go to make a transaction in our own bank account which is by check then the bank gives a requirement we have to use a signature in the check and that signature gives our transaction a legitimacy. What we call a digital signature is that it requires a digital signature to trade with any industry in the currency. Which gives legitimacy to any transaction. Digital signatures are also required to verify the security of the blockchain and the authenticity of the recorded data. And for this digital signature it is very important to know what the hash function/ algorithm is public-private key and some methods of public key cryptography.

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Blockchain solutions are not limited to cryptocurrency exchanges, the technology can be presented for business in a variety of industries through different distributions and decentralized nature. There are many benefits that I have discussed briefly

The greatest feature of blockchain is the fact that the open financial system of viewing the register for its public address and the responsibility in the businesses make a strange precedent for each company's community and customer.The biggest feature of the blockchain is the fact that the open financial system of viewing the register for its public address and the accountability of businesses adds a strange per-existing level. And makes every sector of the industry accountable for the company's growth to work with devotion to the community and the customer.

Blockchain is much more secure than other record maintenance systems because each new transaction is encrypted and associated with the next transaction. The blockchain, as the name implies, is made up of a network of computers that come to confirm a blog. The blockchain is made up of a complex string of arithmetic numbers, and once formed it is impossible to change. A decentralized nature makes it unique to believe that parties do not need trust to transact securely. Due to the decentralized nature, blockchain eliminates the need for intermediaries in many processes for areas such as payments and real estate.

Blockchain facilitates faster transactions by allowing p2p cross-border transfers in digital currency compared to traditional financial services Integrated systems of ownership records and smart reasoning to automate tenant landlord arguments make property management processes more efficient by which we understand an industry acts as a skill.

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Every time a blockchain is recorded with a blockchain ledger, an inspection trail is presented to find out where the products came from. This can not only improve security and prevent exchange-related business fraud, but also help verify the authenticity of business assets. It can also be used in the pharmaceutical industry to track supply chain from supplier to distributor or to provide an irrefutable proof of industry ownership in the industry which is very important for an industry. As cryptocurrency is adopted all over the world and the number of users is increasing day by day, the effect of satisfaction on many industries and overcoming the lack of social trust has been felt by the users can trade with each other completely monitored by the system and can have a significant impact on an industry to enjoy it, such as decentralized nature. And will provide an opportunity for effective confirmation of all funds received because they are public.

Finally, I would like to say that taking blockchain protection in any industry will enhance the reputation of the industry as there is no room for any person to change the details of their transactions and to deal with the industry. I would like to thank Steem Crypto Academy Professor @gbenga for discussing such a subject in such a class and for helping him to learn more and more on the subject in the future.
Thanks for read my post.

Cc: @gbenga
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