The Role of Blockchain in Securing Business Transactions: Enhancing Trust and Transparency

Blockchain technology has emerged as a revolutionary tool for securing business transactions, offering unprecedented security, transparency, and efficiency.

How

The Role of Blockchain in Securing Business Transactions: Enhancing Trust and Transparency

Blockchain technology has emerged as a revolutionary tool for securing business transactions, offering unprecedented security, transparency, and efficiency.

How Blockchain Works

1. Decentralized and Immutable Ledger

Blockchain operates on a decentralized network where transactions are recorded in a tamper-resistant, immutable ledger.

-Consensus Mechanisms: Transactions are validated and added to the blockchain through consensus mechanisms like Proof of Work (PoW) or Proof of Stake (PoS).

-Immutable Records: Once recorded, transactions cannot be altered or deleted, ensuring data integrity and preventing fraud.

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