Blockchain is a digital ledger that has gained popularity amongst the tech industry and businesses because of its many benefits. It allows companies to streamline transactions and reduce costs by eliminating the need for third parties. In turn, it builds trust among the involved parties.

Alerta Cripto uses cryptography to record and confirm transactions. It stores data in blocks that are timestamped and linked together, creating a chain that is secured by the information contained within each block and the hash of the previous block. This process makes it impossible to alter a record once it’s been added to the blockchain and creates an immutable, permanent record of activity.

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In addition, a blockchain is decentralized so no single computer or organization can control the chain. Instead, it’s maintained by a network of computers that work together to maintain and verify transaction records.

While blockchain has been customarily discussed in relation to cryptocurrencies, its applications are now spilling into conversations in industries beyond finance, including healthcare, supply chains and even music. Whether it’s an Indianapolis health insurance company using blockchain to improve transparency of medical data or Dole Foods using it to trace food from farm to table, these applications can lower costs and increase efficiency by eliminating intermediaries, cutting paperwork, automating processes and defending against cyberattacks.