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    Define Blockchain Extensively

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    Music Last
    Blockchain is a distributed ledger that can record and monitor anything of value, including financial transactions and medical records. It has several potential future uses, such as improving supply chain monitoring and efficiency by removing paper trails and allowing companies to track items in real-time. Another use is strengthening copyright laws for digital content by ensuring artists receive royalties through transparent, real-time distribution recorded on the blockchain.

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    Define Blockchain Extensively

    Uploaded by

    Music Last
    19 views1 page
    Blockchain is a distributed ledger that can record and monitor anything of value, including financial transactions and medical records. It has several potential future uses, such as improving supply chain monitoring and efficiency by removing paper trails and allowing companies to track items in real-time. Another use is strengthening copyright laws for digital content by ensuring artists receive royalties through transparent, real-time distribution recorded on the blockchain.

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    Blockchain

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    Blockchain is a distributed ledger that can record and monitor anything of value, including financial transactions and medical records. It has several potential future uses, such as improving supply chain monitoring and efficiency by removing paper trails and allowing companies to track items in real-time. Another use is strengthening copyright laws for digital content by ensuring artists receive royalties through transparent, real-time distribution recorded on the blockchain.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    19 views1 page

    Define Blockchain Extensively

    Uploaded by

    Music Last
    Blockchain is a distributed ledger that can record and monitor anything of value, including financial transactions and medical records. It has several potential future uses, such as improving supply chain monitoring and efficiency by removing paper trails and allowing companies to track items in real-time. Another use is strengthening copyright laws for digital content by ensuring artists receive royalties through transparent, real-time distribution recorded on the blockchain.

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    © All Rights Reserved
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    1. Define Blockchain extensively.

    Blockchain is shorthand for a whole range of distributed ledger technologies that can
    be designed to record and monitor anything of value from financial transactions to medical
    records, which you would assume we already have processes in place to track data.

    2. List down its uses or its potential in the future.


    • When it comes to monitoring supply, blockchain is also particularly handy.
    Businesses should be able to quickly identify inefficiencies within their
    supply chains by removing paper-based trails, as well as to locate items in
    real-time. Besides, blockchain would allow companies, and possibly even
    customers, to see how goods performed from a quality-control perspective
    as they traveled to the retailer from their place of origin.
    • Copyright and ownership laws on music and other content have become
    hazy in a world of increasing internet access. With blockchain, these
    copyright laws will be greatly improved for downloading of digital material,
    ensuring that their fair share is earned by the artist or producer of the
    material being bought. The blockchain would also provide musicians and
    creators of content with real-time and transparent royalty distribution data.

    Source from:

    https://www.investopedia.com/terms/b/blockchain.asp

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