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International Journal of Scientific Research in Computer Science, Engineering and Information Technology 2019 IJSRCSEIT | Volume 5 | Issue 4 | ISSN : 24563307 DOI : https://doi.org/10.32628/CSEIT1953193Secure

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Understand the basic concept of blockchain technology and its decentralized nature.

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What is blockchain and its application?

Blockchain is a decentralized, distributed ledger technology that securely records transactions across a network of computers. Its applications include cryptocurrency transactions, smart contracts, supply chain management, and more.

Who is required to file blockchain and its application?

Blockchain technology can be utilized by anyone looking to enhance security, transparency, and efficiency in various industries such as finance, healthcare, real estate, and more.

How to fill out blockchain and its application?

To utilize blockchain technology, users need to create digital wallets, encode transactions with cryptographic keys, and participate in the network's consensus mechanism for validation.

What is the purpose of blockchain and its application?

The purpose of blockchain is to provide a secure, transparent, and immutable way to record and verify transactions without the need for intermediaries.

What information must be reported on blockchain and its application?

Information reported on blockchain can vary depending on the specific use case, but typically includes transaction details, timestamps, participant identities, and cryptographic signatures.

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