Blockchain has transformed countless industries. It was originally developed for use with Bitcoin, a new form of digital currency. The tech community, however, has found seemingly limitless uses for the information sharing system. Even the healthcare industry can benefit from blockchain, especially in the area of medical billing!
How Blockchain Works
Blockchain can be a difficult concept to understand for those unfamiliar with the system. Essentially, blockchain is a shared transparent and incorruptible database. The information stored on the ledger doesn’t have a single centralized location. Instead, it’s duplicated across many different computers. Whenever an individual makes any changes, the entire blockchain is immediately updated in real time.
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