Data Storage
Traditional systems rely on centralized databases or physical storage, where administrators control and modify data. In contrast, blockchain technology distributes identical copies of data across a decentralized network of computers.
Once data is added to the blockchain, it becomes permanent and unchangeable, much like a stone engraving. This ensures that every transaction is transparent, creating an irreversible record accessible for verification by authorized users.
Data Management
In conventional systems, decisions follow a top-down hierarchy, often leading to delays as modifications require approval from a central authority. Blockchain disrupts this by decentralizing control.
Changes are quickly validated by network participants without intermediaries, and all users can view updates in real time, making the process faster and more efficient.
Security Features
Conventional record-keeping systems are vulnerable to breaches and internal tampering, relying on basic security measures like firewalls and passwords. Blockchain enhances security by using advanced encryption and consensus mechanisms.
Similar to having multiple witnesses for every transaction, changes must be validated by several participants, making it nearly impossible to hide fraudulent activity under this distributed security model.
For more information about howblockchain solution differs from conventional approaches.
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