What type of technology is blockchain often associated with? 🔊
Blockchain technology is often associated with digital currencies like Bitcoin, but its applications extend to various fields, including supply chain management, smart contracts, and secure data sharing. This decentralized ledger technology ensures data integrity, transparency, and security through its distributed nature, which allows participants in a network to collaboratively and securely maintain data without relying on a central authority. Blockchain's ability to create trust among parties has led to its increasing popularity across multiple sectors.
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