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What is the core requirement for a business blockchain?
Optimized cryptographic mining Technical services, business services and solution A new cryptocurrency (x) Shared ledger, smart contract, privacy and trust
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Optimized cryptographic mining Technical services, business services and solution A new cryptocurrency (x) Shared ledger, smart contract, privacy and trust
?
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What is the core requirement for a business blockchain? Optimized cryp...
The Core Requirement for a Business Blockchain
A business blockchain is a distributed ledger technology that allows businesses to share and store data securely and transparently. It is a decentralized database, which means it is not controlled by a single entity. Instead, it is maintained by a network of computers that are connected to each other through a peer-to-peer network. The core requirement for a business blockchain is:
- Shared Ledger: A shared ledger is a database that is shared by all the participants on the network. It is a record of all the transactions that have taken place on the network, and it is updated in real-time. This ensures that all the participants have access to the same information, and there is no need for a central authority to validate the transactions.
- Smart Contract: A smart contract is a self-executing contract that is programmed to execute when certain conditions are met. It is a computer program that runs on the blockchain, and it can be used to automate business processes, such as payments, supply chain management, and more.
- Privacy: Privacy is an important aspect of a business blockchain. It ensures that sensitive information is protected and only accessible to authorized parties. This is achieved through cryptographic techniques, such as encryption and decryption.
- Trust: Trust is essential in any business transaction. A business blockchain ensures trust by providing transparency and immutability. This means that all the transactions on the network are recorded and cannot be altered or deleted, which ensures that they are transparent and trustworthy.
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What is the core requirement for a business blockchain? Optimized cryp...
Shared Ledger, Smart Contract, Privacy and Trust
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What is the core requirement for a business blockchain? Optimized cryptographic mining Technical services, business services and solution A new cryptocurrency (x) Shared ledger, smart contract, privacy and trust?
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What is the core requirement for a business blockchain? Optimized cryptographic mining Technical services, business services and solution A new cryptocurrency (x) Shared ledger, smart contract, privacy and trust? for Software Development 2024 is part of Software Development preparation. The Question and answers have been prepared according to the Software Development exam syllabus. Information about What is the core requirement for a business blockchain? Optimized cryptographic mining Technical services, business services and solution A new cryptocurrency (x) Shared ledger, smart contract, privacy and trust? covers all topics & solutions for Software Development 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the core requirement for a business blockchain? Optimized cryptographic mining Technical services, business services and solution A new cryptocurrency (x) Shared ledger, smart contract, privacy and trust?.
What is the core requirement for a business blockchain? Optimized cryptographic mining Technical services, business services and solution A new cryptocurrency (x) Shared ledger, smart contract, privacy and trust? for Software Development 2024 is part of Software Development preparation. The Question and answers have been prepared according to the Software Development exam syllabus. Information about What is the core requirement for a business blockchain? Optimized cryptographic mining Technical services, business services and solution A new cryptocurrency (x) Shared ledger, smart contract, privacy and trust? covers all topics & solutions for Software Development 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the core requirement for a business blockchain? Optimized cryptographic mining Technical services, business services and solution A new cryptocurrency (x) Shared ledger, smart contract, privacy and trust?.
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