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What are the functions of block chain technology in computers?

2025-01-18 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > Internet Technology >

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Xiaobian to share with you what the role of blockchain technology in the computer, I believe that most people do not know much about it, so share this article for your reference, I hope you will learn a lot after reading this article. Let's learn about it!

Blockchain can reduce the uncertainty of the operation of the economic system, its functions are: 1, to manage the identity of market actors, to provide identification when users need it, to help consumers identify sellers in transactions; 2, to record commodity logistics information, used to track the source of commodities; 3. The transaction guarantee function of blockchain solves the problem that there are problems in the transaction and do not know who to solve, and so on.

The concept of block chain

Blockchain (blockchain) is a distributed database.

The role of block chain

Block chain reduces the uncertainty of economic system operation. The functions of the blockchain in the transaction include:

1. Identity management

Blockchain can manage the identity of the market actor and provide proof of identity when the user needs it, which can be used to help consumers identify the seller in the transaction. The identity management function of blockchain solves the problem of not knowing who to trade with when shopping.

2. Asset tracking

Blockchain can record commodity logistics information, which can be used to track the source of goods. The asset tracking function of blockchain solves the problem of opacity in the transaction process.

3. Transaction guarantee

The transaction guarantee function of blockchain solves the problem that I don't know who to solve when there is a problem with the transaction, because the code written by the customer can play a guarantee role. the money will not be transferred to the other party's account (distributed Alipay) before confirming the receipt of qualified products.

Existing application

(1) Abra wallet

Abra Wallet is a multi-currency wallet that supports Darth and other encrypted digital currencies. Abra is designed for investment and can be funded through bank accounts, credit / debit cards, cash (in the Philippines), Bitcoin cash or Lettercoin. Abra does not currently support Dashi currency deposits and withdrawals.

(2) Mycelia (mycelium network system)

A paid music platform based on blockchain technology, launched by musician Imogen Heap, aims to protect musicians' intellectual property rights.

Since 2015, Heep has been advocating the use of blockchain technology in the music industry. That year, she released a song called "TinyHuman" in partnership with blockchain startup UjoMusic. Fans can use etheric coins to pay for songs, and the smart contract will automatically complete the income distribution between Heep and her collaborators.

These are all the contents of this article entitled "what is the role of blockchain technology in computers?" Thank you for reading! I believe we all have a certain understanding, hope to share the content to help you, if you want to learn more knowledge, welcome to follow the industry information channel!

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