Decentralized technologies, like that of the blockchain, allows us to store assets in a network that anyone can access. The assets can be anything from a token, a chain-of-evidence document, a contract, or property registry documents. Through blockchain technology, the owner of the documents has direct control through their private key, which is directly linked to the asset. Blockchain technology has proven itself and has the potential to bring massive change to the financial industry and the field of banking, allowing people to control their assets without having to rely on third parties. <\/p>\n\n\n\n
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<\/figure><\/div>\n\n\n\nDistributed\nLedger<\/strong><\/p>\n\n\n\n Blockchain technology is a public ledger\nthat provides information on all the digital transactions that have taken place\nand allowed all participants in that blockchain to view the information. The\ntechnology helps to record each transaction and share that information across\nmultiple networks. Every user within the system can validate the transactions\nand have an identical copy of the ledger where the transactions are recorded.<\/p>\n\n\n\n Safer\nand Secure Ecosystem<\/strong><\/p>\n\n\n\n Thanks to the two above mentioned features,\nblockchains provide a more reliable and more secure ecosystem. Blockchain\nnetworks automatically check itself and update itself every few minutes, which\nprovides a tamper-free environment. The authenticity of the data and documents\nof a blockchain are essential for an organization that has sensitive documents,\nassets, and contracts that need to remain protected.<\/p>\n\n\n\n