Blockchain (Part 01) : The Prime Reason behind the popularity of Blockchain

Blockchain is state-of-the-art technology which is known to many of us. There are several important reasons why blockchain is a modern and sophisticated technology. I think, the most important reason is its security system and data security.

In blockchain technology, when a piece of data is recorded, normally that data cannot actually be changed or augmented. This is one of the key features of blockchain technology that has helped make this technology popular. Any traditional organizations can often change any information in their organization records if they want to. When it is blockchain based technology, then it is almost impossible. This is one of the main reasons behind the popularity of blockchain technology.

Basically, data tampering, manipulation or fabrication is a big problem because the trust is lost. When people can bring their confidence in an organization or technology, they gladly accept but when this trust is broken, people no longer want to have relations with those organizations. We've seen a lot of news in the past where companies have changed and sold their users' information in various ways.

With all these security measures and data security issues in mind, blockchain technology has been brought to the forefront of the people and in this technology the issue of data security is being ensured in a very beautiful way. In this modern age, people always try to focus on security and transparency. When a technology or system seems transparent to people, they feel much more comfortable working on that technology or system. And this is the competitive advantage of blockchain technology.

Source: Image by Darwin Laganzon from Pixabay

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When an organization has its own data management system, it is risky to store their data because a privately owned organization may perform many types of tampering if it wants to. Although these issues are regulated by different laws in different countries, but still centralized institutions can change some data if they want to. If an organization decentralizes or use blockchain technology, then the issue of data protection can become very clear to the general public. This is one of the most important features of blockchain technology which is putting it ahead of other technologies. Whenever people learn about the benefits of this technology, they come forward to conduct their own activities in this technology and day by day blockchain technology is gaining popularity among the people.

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