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  1.  

    How Blockchain Technology is different from a traditional database?

    Traditional databases face more challenges in recording financial transactions. At the time the transaction occurs, the ownership of the property is also transferred to the buyer. Individually, traders can record the transaction. And they can both easily claim financial transactions. To overcome this issue, the central authority validates the transaction that is too complicated, not secure, and takes more time. For this reason, both parties suffer.

    Blockchain resolves this issue by creating a securable, transferable distributed system, as it is based on distributed ledger technology which provides secure transactions for both buyer and seller. All transactions are individually approved by their respective ends and are automatically updated in both ledgers. Apart from this, for the endless benefits of blockchain technology in various sectors, you can go with a reliable blockchain development company.

    If you want to know more about Blockchain Technology

    Read our Full Blog - How Does Blockchain Technology Work?