Blockchain technology is a decentralized, distributed ledger that securely records transactions across multiple computers. Each “block” contains a set of transactions, and these blocks are linked together in chronological order, forming a “chain.” Once data is added to a block, it is nearly impossible to alter, ensuring transparency and security.
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Blockchain Technology PPT: Meaning, Importance, Working
Blockchain eliminates the need for intermediaries like banks by allowing peer-to-peer transactions. Its applications extend beyond cryptocurrency to industries like supply chain management, healthcare, and finance. The technology’s decentralized nature ensures data integrity, making it resistant to fraud and tampering, while also enhancing trust and efficiency in various sectors.
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Table of Content for Blockchain Technology PPT
- What is blockchain technology?
- Why is blockchain important?
- How do different industries use blockchain?
- What are the features of blockchain technology?
- What are the key components of blockchain technology?
- How does blockchain work?
- What are the types of blockchain networks?
- Conclusion
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