Technically, blockchain is not more than a registry; but on the other hand it is a technological philosophy of revolution as the structure and innumerable possibilities it brings. Blockchain technology creates unlimited application areas, not just in money transfers, but in every field that needs to be trusted. However, in order to realize these application areas and apply our own life, first of all we have to understand how blockchain technology works.
Mostly, like we said, blockchain is actually a registry or accounting book. There is no difference in the records that the banks hold in your name. It is a notebook where the rest of the entrants are kept and the amount of the proceeds is kept. Nowadays, banks provide services to keep their logbooks properly and securely, and they also charge a fee for this service.
Private Key, Public Key
In the blockade, this book is open to everyone and is handled by miners (miners), secured and the miners are paid. However, the difference in the block chain is provided by algorithms that process security cryptographically. One person can not access the assets of another person-he has to provide this security bank in the banking system-there is a “Private Key” and a “Public Key” assigned to it. The public key acts like an e-mail address. Private Key is proof that you own that asset and that no one else can have access to it. For this reason, your assets in the crypto exchanges are not really yours. They are called IOU (I owe you). None of the entities you do not have private key in the crypto ecosystem are yours.
Advantages of blockchain technology on digital preservation
The use of these private keys and the confirmation of security and authenticity on the blockchain ensures that not only money transfer but also copyright chain management, from intellectual property to international contracts, can be used in the field. For example, the greatest forgery in the digital environment; because the digital entity is copyable. With the simplest example of forgery, we can show mp3 copying.
Blockchain also prevents personal data from being passed on to other people in the name of security because it removes the third person. System; it also uses COIN-TOKEN to connect this secure digital environment with the physical environment. Bitcoin for bitchain blockchain, ether for ethereum blockchain, etc. all the block chains basically work on this principle.
Blockchain in different sectors from health to insurance
Anticentric by blockchain structure; that is, distributed data that is not in one place and is open to everyone. This structure changed our horizon in the field of collecting and storing information. Blockchain can keep automatic records of who has logged on to information and records, and can regulate access permissions. Such approaches allow the information of a person in sectors such as the health sector to be viewed only by the necessary person if necessary. You can also keep track of who saw what and when.
Nowadays, millions of figures are being spent in different sectors to make these arrangements and protect the data. Health institutions, insurance companies, bank data centers are themselves responsible for the safety and often they do not fulfill these responsibilities.
In the future
Blockchain in the coming years; digital communications will be created and secured. The consortiums and insurance companies formed by big banks in the world are merged and connected with block chains. In addition, the storage of information and documents in block stores will allow intelligent contracts to make and apply autonomous legal decisions using these documents. Until the payment in the form of insurance policies, decisions in every field in the insurance sector can be made autonomously. The same will apply to lending in the financial sector. It will cause an employee to change from the fundamentals of today’s financial system, which many people can access as they want in financial data.
These private keys created for governments, digital assets around the world; the signals of what they would like to be involved in, or to bring into, many other areas such as creation, ownership, renewal have begun to come to pass. Blockchain may even want to arrange who will serve on the network.
Information is now being collected, stored and secured in a different way. All these studies and more open the way for the realization of different processes and communications that seem to be impossible. It reduces human burden and costs.
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