Blockchain can create trust in transactions from "summary" of Blockchain Revolution by Don Tapscott,Alex Tapscott
Trust is a crucial element in any transaction, whether it be between individuals, businesses, or even governments. Trust is what allows us to exchange goods, services, and information with confidence that the other party will deliver on their promises. However, in today's digital world, where transactions are increasingly conducted online and across borders, trust can be difficult to establish and maintain. Blockchain technology has the potential to revolutionize the way we create trust in transactions. By utilizing a decentralized and transparent ledger system, blockchain can provide a level of security and integrity that is unparalleled in traditional systems. Every transaction is recorded on a shared ledger that is visible to all participants, ensuring that there is no room for fraud or manipulation. One of the key features of blockchain technology is its immutability. Once a transaction is recorded on the blockchain, it cannot be altered or deleted. This means tha...
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