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APPLICATION OF BLOCKCHAIN IN HUMAN RESOURCE
Indeed, the excitement around Blockchain is so high that it is being heralded as the solution to the world’s most serious problems, such as climate change and poverty.
Furthermore, the adoption of Blockchain technology is cited as a driving force behind the rise of Cryptocurrencies and the establishment of peer-to-peer commerce and banking. So, what exactly is Blockchain, and why is it so revolutionary?
To begin, Blockchain is a Distributed Ledger-based authentication and verification system and peer-to-peer information and data exchange. It translates into greater authenticity and reliability as the integrity of the data is validated by encrypted keys, validating each transaction only when the entire network keys are in sync.
In other words, it is nearly hard to deceive the Blockchain ledger because each transaction is verified and checked against the other keys to ensuring data integrity.
Furthermore, eliminating the need for intermediaries can aid in developing a fully independent and peer-based technology that can be utilized by financial and government institutions.
Indeed, the revolutionary force of Blockchain has the potential to alter how we address commercial and…
