Published On: Mon, Jun 26th, 2017

Improving Public Services Through Blockchain Technology

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Idealists have labored on and on about the thousands of potential uses for blockchain services since its inception. As a host of blockchain-based projects and services continue to emerge, we are finally beginning to see the fruits of that labor.
Speeding up Administrative Congestion
The technology under the hood, known as a blockchain, is being tested more and more to see how it can change different services around the world. From currencies to record keeping, the number of applications is so large it’s likely that we haven’t even discovered the best use for this exciting new tech yet.
A blockchain is a decentralized, distributed ledger that is stored on many people’s computers. Data is added to the chain in sets known as “blocks,” with each block being verified that all the data is correct and valid by every single party that has a copy of the chain.

With this method, a malicious party can never manipulate the chain – or its data – as it would require simultaneously hacking every device that validates the chain. That would mean coordinating the hack of hundreds or even thousands of computers, all at the same …

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  1. RT @ABITCOINnews: Improving Public Services Through Blockchain Technology – https://t.co/0F6F2AjUoa https://t.co/th9KNMaS77

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