Blockchain - why?

The point of blockchain is to provide a secure and transparent way to store and track data. Blockchain is a distributed ledger technology that uses cryptography to secure and verify transactions. This means that data stored on the blockchain cannot be tampered with or altered without the consent of the network.

Here are some of the potential benefits of blockchain:

• Security: Blockchain is very secure because it is very difficult to hack or tamper with. This is because each block in the chain is cryptographically linked to the previous block, making it very difficult to change any data without affecting all of the subsequent blocks.
• Transparency: Blockchain is transparent because all transactions are recorded on the blockchain and are available for anyone to see. This makes it very difficult for fraud or corruption to occur.
• Efficiency: Blockchain can be used to streamline many business processes, such as supply chain management, financial transactions, and voting. This can save businesses time and money.
• Immutability: Blockchain is immutable because once data is added to the blockchain, it cannot be changed or deleted. This makes it a valuable tool for storing records and data that needs to be tamper-proof.

However, there are also some potential risks associated with blockchain: