What technology is being explored for secure and decentralized transactions? 🔊
The technology being explored for secure and decentralized transactions is blockchain. This innovative distributed ledger technology allows data to be stored across a network of computers, making it nearly impossible to alter or tamper with transaction records. Blockchain enhances security and transparency by using cryptographic techniques, enabling trust between parties without the need for a central authority. It is most commonly associated with cryptocurrencies, but its applications extend to various sectors such as supply chain management, finance, and identity verification.
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