Blockchain In Mobile Application Market | Infographic by AC Market

We all have one common misconception about blockchain technology is that it is developed to power bitcoin. However, one can’t deny that this was its original purpose, apart from that blockchain is capable of so much more one could never imagine.

Blockchain is short form for a complete set of allocated ledger technologies that can be used to save and track anything of value, it may vary from financial transactions to medical records or even records of land.

Let’s discuss why blockchain technology stands to revolutionize the way we communicate with each other.

1. The way it tracks and stores data

Blockchain stores the data in small sections, and theses are known as blocks, the blocks are linked together in a chronological manner to form an uninterrupted line.

If you make any alteration or modification to the data recorded in a specific block, you can’t just rewrite it. Rather the altered data is recorded in a new block showing that x has modified to y at specific date and time. This is an not-destructive manner to take down the data alterations over time.

2. It creates trust in the data

Before a block can be added to the chain, a few things have to happen. Primarily, a cryptographic puzzle....

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Hakin9 TEAM: Hakin9 is a monthly magazine dedicated to hacking and cybersecurity. In every edition, we try to focus on different approaches to show various techniques - defensive and offensive. This knowledge will help you understand how most popular attacks are performed and how to protect your data from them. Our tutorials, case studies and online courses will prepare you for the upcoming, potential threats in the cyber security world. We collaborate with many individuals and universities and public institutions, but also with companies such as Xento Systems, CATO Networks, EY, CIPHER Intelligence LAB, redBorder, TSG, and others.