How Blockchain Technology Will Transform User Privacy?
Banking, cryptocurrency and investing have undergone a sea change over the past decade when blockchain technology first came into being. It is a record-keeping technology that is always associated with bitcoin. This technology consists of blocks of digital information arranged in a chain and stored in a public database. Blockchain technology consists of three parts: the date and time that a transaction took place; the participants of a transaction and a unique code that distinguishes one transaction from every other. Once such information is recorded, it is done chronologically and can never be altered. Over the years, people have proven through surveys and polls that they do not trust popular companies such as Google, Facebook and Twitter with the privacy of their personal details. However, what’s more startling is that these so-called popular platforms are used by millions all over the world in full faith, never once doubting them of their methods of keeping users’ detail