Blockchain technology has a broad application prospect as it can solve the problems of traceability, managing identity and ownership disputes in the supply chain.
Blockchain
With the emergence of the COVID-19 outbreak across the U.S., news of improvements to the U.S. healthcare system and the ability to treat the disease appeared in the media headlines, and people began to take the initiative to learn more about the new coronavirus on the Internet out of fear of the disease.
Blockchain can provide a better solution. Not only can blockchain record past and present transactions that occur, it can also be used to register and transfer copyright registrations, whether digital or physical works, if desired.
With the increase in data breaches, the need for secure data storage has never been more urgent. Blockchain technology offers a solution to this problem, providing unparalleled data security and privacy.
It is also necessary to understand the benefits that the Internet of Things can bring to companies, so that companies can make wise decisions about whether to use this technology.
More and more companies are turning to blockchain in order to improve their supply chain production processes.
The value of NFT is the value of the contract + the value of the distributed ledger.
Standard explanation: "Blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies."
Simple understanding: "Blockchain is essentially a decentralized distributed database."