10-year Bitcoin Dormancy
Bitcoin's long-term dormancy prompts market interest.
Bitcoin's long-term dormancy prompts market interest.
CBN imposes restrictions on microfinance banking operations.
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Kenya leads Africa's financial revolution with the Pan-African Payment and Settlement System (Papss), enabling local currency trade and promoting economic independence across the continent
Record keeping is the system of creating and maintaining records of transactions or activities of an organizing.
In business field; keeping records of transactions helps to protect a business, measure performance and maximize profits. Records created specifies transaction dates and amounts, legal agreements, and private customer and business details.
Use of blockchain for record keeping
Blockchain technology is a solution to creating and preserving trustworthy digital records, presenting some of the limitations, risks and opportunities of the approach. A blockchain is a chain of blocks that contain series of informations. This block is a record book or files where data is permanently recorded. Once a record is stored in a block, it cannot be altered or removed. Hence, blockchain is an incorruptible digital ledger of economic transactions without a central authority. The information in a blockchain is completely open for everyone.
These are the basic areas we can use blockchain for keeping records of transactions:
First, Patients can have control over their data and take notice of the changes that might be made since it is visible to all members of the patient network.
Any unauthorized modifications can be trivially detected. Hence, agreement can be reached without the involvement of a trusted mediator.
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