What is a typical use for blockchain technology? 🔊
Blockchain technology is typically used for enabling secure transactions and maintaining a transparent ledger in various applications. A common use case is in cryptocurrencies, where blockchain verifies and records transactions in a decentralized manner. This technology ensures that transactions are tamper-proof and traceable, enhancing trust among participants. Other applications include supply chain management, digital identity verification, and healthcare records management, where the need for security, transparency, and accountability is paramount.
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