Blockchain was originally used to timestamp digital documents so they cannot be backdated or tampered with. Most recently, blockchain has become a household name because of its use with Bitcoin. Storing transaction records in this way prevent the Bitcoin’s value from being duplicated and sent to more than one recipient. Blockchain technology is so revolutionary because it can work for almost all types of transaction involving value, including money, goods, and property. Blockchain can be used for storing medical records, e-notary, and even filing taxes.
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