The “decentralized, distributed and public digital #ledger” Breakdown
▻https://hackernoon.com/the-decentralized-distributed-and-public-digital-ledger-breakdown-6c7649
A #blockchain by itself is just a data structure defining how the data is stored and logically put together. Every block in a chain can be considered as a separate page in a book, where every page has a content and meta-data. That content is stored in regulated way and can not be added, yet can be accessed and read.Digital identity is critical to many business and social transactions. It enables ways to interact with billions of users in the digital world. However, traditional identity systems are costly, disjointed, fallible, and hindering innovation and greater customer experience. The distributed trust model is a new way of managing identities. Blockchain technology empowers consumers to control their own identity and share between trusted entities with their consent. Also, no single (...)
#blockchain-breakdown #blockchain-technology #decentralization