Blockchain is a relatively new method of data distribution. T

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Blockchain
Bitcoin. When hearing the term blockchain, many people associate it with bitcoin. In fact, blockchain has a broader meaning than just cryptocurrency .

So, what does blockchain have to do with Big Data?

Come on, take a look at the following explanation.

his blockchain distribution method is unique. Once the data is recorded (written), it azerbaijan email list cannot be modified or deleted. So, it is very effective in reducing the number of "frauds" in transactions.

This can happen because of the decentralized nature of the blockchain data distribution method. So, every transaction will be recorded on several related channels (bank, company A, B, C, supplier A, B, C, government). Thus, even a senior manager needs permission to be able to open data from each related channel in a transaction.For example, like this.

When you buy something in an online store, and it turns out you are cheated, tracking the fraudster will be very easy. That's because the bank, as the related channel during the transaction, can track anyone involved in the transaction process. Interestingly, in addition to finding the perpetrator, the bank can also record who has been cheated with the same method.